Bristol City 2, Manchester City 3 (Agg: 3-5): Pep Guardiola savours reaching first final as City boss January 23, 2018 Trophy-hunting Pep Guardiola savoured reaching his first final as Manchester City boss as his quest to eclipse the achievements of his predecessors continued with victory over Bristol City in the Carabao Cup. Leading 2-1 from the first leg, Leroy Sane and Sergio Aguero all but put the tie beyond the Championship outfit, while Kevin de [...]
WEF Davos 2018: Top bankers from Barclays and Citigroup warn of financial stability threats amid the calm January 23, 2018 Global financial regulators have run out of ammunition to fight the next financial crisis, top bankers, investors and economists have warned, with some questioning the sustainability of current market conditions. A decade on from the start of the last global financial crisis interest rates remain at rock-bottom levels, while central banks have barely considered returning [...]
Manufacturing output rises again as firms work flat out says CBI survey January 23, 2018 Manufacturing output bounced back from a dip in the last quarter, according to a closely followed survey. The industrial trends survey by the Confederation of British Industry (CBI) showed overall output rising, with a balance of 21 per cent of firms reporting an increase for the quarter to January. The rise was driven by stronger [...]
Kyle Edmund continues his emergence from shadows of Andy Murray with shock progression to Australian Open semi-finals January 23, 2018 Britain’s Kyle Edmund insists he is relishing the pressure of carrying the nation’s hopes after continuing his surprise emergence from the shadow of Andy Murray by reaching the Australian Open semi-finals. The 23-year-old stunned third seed Grigor Dimitrov, winning 6-4, 3-6, 6-3, 6-4, to make the last four of a grand slam for the first [...]
UK investors are bullish on emerging markets as only gold ranks higher, says Franklin Templeton research January 23, 2018 Emerging markets have seen a surge in popularity with UK investors, according to investment firm Franklin Templeton. More than half of independent investors surveyed, at 55 per cent, said that now was a good time to invest in less developed markets. Meanwhile a quarter said they were more positive about the asset class than a [...]
Challenger bank Paragon boosts mortgage lending despite crackdown on buy-to-let loans January 23, 2018 Mortgage specialist Paragon has pulled a rabbit out of the hat once more, as it has boosted mortgage lending by 84 per cent year-on-year despite a government crackdown in its core buy-to-let market. The challenger bank increased its buy-to-let mortgage book by 85 per cent to £342.9m, battling through stricter underwriting rules introduced by the [...]
IG Group boss hits out at Ballon d’Or winner Cristiano Ronaldo and “crazy” football advertising amid spreadbetting crackdown January 23, 2018 The boss of Britain’s biggest spreadbetting firm has slammed football superstar Cristiano Ronaldo for fuelling problem investing. Peter Hetherington, the chief executive of IG Group, also labelled the level of complex financial product advertising at football games a “disgrace”. “The fact that Cristiano Ronaldo tweeted his 49m followers what a great idea it was to [...]
Uber boss Dara Khosrowshahi says company can be profitable within three years January 23, 2018 The chief executive of ride-hailing app Uber has said the company can be profitable within three years. Speaking to Bloomberg at the World Economic Forum in Davos, Dara Khosrowshahi said the firm is becoming more efficient, though it will still maintain its expansion push. “At some point we absolutely have to become profitable and that’s [...]
Boris Johnson shot down by PM over pre-briefing Cabinet January 23, 2018 Boris Johnson’s planned ambush of Prime Minister Theresa May over diverting £100m of Brexit dividends to the NHS during Cabinet has failed. Not only did the foreign secretary not have the opportunity to press for a specific sum to be deployed into the pressured health service, he was also reminded that he should not be [...]
Carillion cost: The government is paying millions of pounds a day to keep public sector projects going January 23, 2018 Hundreds of Carillion’s public sector contracts are costing the government millions of pounds in temporary funding every day, according to official statistics. Carillion’s failure just over a week ago prompted the government to step in and use Treasury funds to ensure public sector works continued. The failed contractor held 450 contracts with the UK government, [...]