Accountants warn that UK households are suffering from “massive over-indebtedness” April 22, 2016 Britain’s accountants have sounded the alarm bells over what they see as dangerously high levels of debt across Britain. In a new report, launched today, the Association of Chartered Certified Accountants (ACCA), said a “growing amount of evidence indicated [there was] a massive over-indebtedness by vulnerable groups in UK society”. Unsurprisingly, students, the self-employed and [...]
Grexit: Europe tells Greece there will be no discussion about writing off any of its bailout debt April 22, 2016 The European Commission has told Greece it is not considering writing off any of the €86bn (£67.5bn) handed over during the Greek bailout crisis, as it aims to have a new package of reforms wrapped up within the next week. Finance chiefs from Eurozone countries gathered in Amsterdam this morning to discuss the latest progress on the Greek bailout, [...]
London Marathon 2016 mapped: The rise of property prices along the route from the Blackheath starting line to the Mall finish April 22, 2016 It's not just a slog for runners around the London Marathon route this weekend. Anyone angling to jump on the London property ladder or looking to climb it faces a steep ascent with plenty of pain, arguably tougher than a 26 mile run around the capital – emotionally and psychologically at least. Runner's eyes won't [...]
Property firm exposes how Nine Elms agents and developers are delisting and relisting same homes April 22, 2016 Dozens of new flats on sale in Nine Elms have been listed, taken down and relisted by developers and agents in the area, sometimes as many as 15 times in six months. This practice, known as “portal juggling”, potentially creates the illusion that there are more properties on the market than there actually are and [...]
IEA predicts biggest non-Opec output fall in a quarter century April 21, 2016 The International Energy Agency (IEA) expects non-Opec output to fall this year by the most in 25 years. IEA chief, Faith Birol, added that low oil prices had cut investment by around 40 per cent over the past two years, particularly in the US, Canada, Latin America and Russia. In its medium-term report released earlier this month, the [...]
Starbucks sales growth slips as all regions fall short April 21, 2016 Starbucks shares fell nearly five per cent as the world's largest coffee chain missed expectations for the fiscal second quarter. Starbucks said global sales at cafes open at least 13 months rose six per cent year-on-year in the fiscal second quarter ended 27 March. But this was below analysts' expectations for a figure of 6.7 per cent. The [...]
Visa shares slump as it changes Visa Europe deal April 21, 2016 Visa's shares skidded down nearly five per cent in after market trading after the credit and debit card giant cut its full-year revenue growth forecast. The company now expects full-year revenue to come in between seven to eight per cent, lower than its previous forecast of high single-digits to low-double digits. Read more: Visa's contactless payments soar [...]
Alphabet shares plummet after it misses expectations April 21, 2016 Alphabet shares plummeted around seven per cent in after hours trading following a disappointing set of first quarter results. Google's parent company reported revenue rose 17 per cent to $20.3bn year-on-year in the first three months of 2016, slightly below analysts' expectations for an increase to $20.4bn. Earnings per share came in at $7.5 per share during this [...]
Mark Carney wants more green bonds, Bitcoin technology and mobile banking to help deliver on United Nations’ climate change goals April 21, 2016 Mark Carney has said the expansion of environmentally-friendly finance products will help the world economy fight climate change and enhance economic stability around the planet. The governor of the Bank of England said that innovative ideas such as "green bonds", which are used to fund projects that have a positive impact on the environment, along [...]
Super Mario comes out fighting to defend European Central Bank (ECB) against German attacks, negative interest rates and misfiring bazookas April 21, 2016 Mario Draghi has hit back against critics of the European Central Bank (ECB), reiterating that nothing has been ruled out in its fight to stave off deflation in the Eurozone and wading into the Brexit debate in a defiant public appearance this afternoon. There was no change in the announcements from the ECB on interest rates and its bond-buying quantitative easing programme, [...]