Fund managers shut the door after the stock market horse has bolted February 13, 2018 Fund managers slammed the door shut after the horse bolted last week as they scrambled to reduce their exposure to risky equities, according to a survey of big investors. The poll by Bank of America Merrill Lynch found a record increase in the number of investors who said they have bought protection against a sharp [...]
Police investigating “incident” on Parliamentary Estate February 13, 2018 Police are currently investigating a package of white powder found at Parliament in Westminster, a House of Commons spokesperson said. The Met Police said at approximately 11:36am, officers were informed of a suspicious package that had been delivered to an office within the Palace of Westminster. “Police are at the scene and dealing,” the Met [...]
Vix “fear index” was manipulated, says alleged whistleblower February 13, 2018 Wall Street’s so-called fear index has allegedly been manipulated by traders causing “systemic risk to the entire equity market”, according to a letter claiming to be from a whistleblower sent to US regulators. The letter, which was sent via lawyers, urges the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) [...]
Stock markets in Europe and US remain in a volatile mood: Wall Street staged a recovery that spurred on Asian and European markets on Monday February 13, 2018 If you can make sense of what is going on in equities markets right now you’ll make a fortune. After falling 2,000 points earlier in the week, Wall Street staged a bit of a recovery on Friday. That spurred on Asian and then European markets on Monday, which in turn once again fed into Wall [...]
First-time buyers at 10-year high in 2017 but the mortgage market weakened in December February 13, 2018 The number of mortgages taken out by first-time buyers boomed last year to its highest level since 2006, buoyed by the Help to Buy subsidy. Banks lent money to 365,000 first-time buyers in 2017, an increase on the year before of 7.4 per cent, according to UK Finance, the lenders’ industry body. However, the December [...]
London’s among the world’s smartest cities alongside Barcelona and Singapore February 13, 2018 London has been named as one of the world’s top “smart cities” along with Singapore and Barcelona. The UK capital was heralded for being a “honeypot of technologies and partnerships” as well as its green spaces, according to a new report from Philips Lighting and SmartCitiesWorld, based on research involving more than 150 city planning [...]
Inflation stays at three per cent despite expectations of a dip February 13, 2018 Consumer price inflation (CPI) remained at three per cent in January, unchanged from the month before, according to the Office for National Statistics (ONS). CPI is the rate at which the prices of goods and services bought by households rise or fall. CPI including owner occupiers’ housing costs was 2.7 per cent, also unchanged month-on-month. [...]
Audioboom goes pop: $185m reverse takeover sees podcast firm rebranded as Triton Digital February 13, 2018 Audioboom today announced a $185m (£134m) reverse takeover deal with one of the world’s largest digital audio technology firms. Shares in Audioboom were suspended as it was revealed Canada’s Triton Digital, which works with audio publishers including Spotify and ESPN radio, will take control. Once completed, the firm will be renamed Triton Digital Group plc. [...]
Night Tube rollout: London Overground’s 24-hour service extends to north London on 23 February 2018 February 13, 2018 The Night Overground service is set to be extended to Canonbury and Highbury & Islington from Friday 23 February after coming to the London Overground in December. Since 15 December, there have been 24-hour services every Friday and Saturday between Dalston Junction and New Cross Gate. Whitechapel is still to be included as it waits [...]
Transport for London fears wider travel changes impact on passenger numbers as it faces near £1bn deficit February 13, 2018 Transport for London (TfL) has raised concerns falling passenger numbers could be part of a wider change in travel, according to internal documents seen by City A.M.. The capital’s transport body, known as TfL, finds itself at the centre of a political storm after forecasting a near-£1bn deficit, as it deals with lower-than-expected fare revenues. [...]