Eurozone unemployment in October fell to its lowest in three years. December 1, 2015 The rate of unemployment across the Eurozone has fallen to 10.7 per cent, falling for a second consecutive month to its lowest in three years. That beat expectations of 10.8 per cent for October, the latest official statistics reveal. The number of jobless fell by 13,000 putting the total number out of work at 17.24m across [...]
Star Wars: The Force Awakens and Bond’s Spectre blockbusters help Pinewood profits higher December 1, 2015 The double film bonanzas of the year, latest Bond instalment Spectre and the new Star Wars franchise The Force Awakens, have given UK film studio Pinewood a nice boost. The figures Profit before tax for the first half of the year was up 13 per cent to £4.3m while the group's operating profit rocketed 187 [...]
Asia shares rise despite contraction in China’s manufacturing sector December 1, 2015 Manufacturing activity in China declined for the fourth month in a row in November. The official purchasing managers' index fell to 49.6 for the month – down from 49.8 in October and the fourth consecutive month of declines. It fell behind the consensus expectation of 49.8 among analysts polled by Reuters. The figure was also a [...]
Eurozone beats FTSE 100 as miners drag on index – London Report December 1, 2015 Falls in mining company BHP Billiton and Aberdeen Asset Management yesterday and a failure to benefit from a weak euro hindered the FTSE 100 as it lagged behind its European counterparts. The FTSE 100 index was down 19.06 points, or down 0.3 per cent, at 6,356.09 by the close, lagging sharp gains in top Eurozone [...]
Broadband battles: BT and Virgin Media trade blows over the government’s broadband delivery scheme December 1, 2015 Join us for the latest act in the telco giant drama: Virgin Media has lashed out against the government’s broadband scheme, complaining it gives BT an unfair advantage to the tune of hundreds of millions of pounds out of taxpayers’ pockets. BT and the Department of Culture, Media and Sport (DCMS) have hit back at claims, [...]
Connected work worth nearly $63bn worldwide by 2020 and £2bn in the UK December 1, 2015 The connected work market – where people buy and sell jobs and services using online platforms – will be worth almost $63bn (£41.9m) worldwide in five years time. Research released today by PwC also set the value of the UK market for connected work at nearly £2bn by 2020. At the moment, the professional service [...]
Festive boom sees twice as many jobs as jobseekers in the UK, although average advertised salaries continue to fall December 1, 2015 The UK had twice as many jobs available as it did jobseekers in October, with 1,229,131 vacancies and only 664,130 people available to fill them. According to a study released today by job search engine Adzuna, recruitment drives for festive season roles caused available jobs in October to skyrocket, going up 4.3 per cent from 1,178,129 [...]
Brits still unsure about where to invest their cash December 1, 2015 People in the UK are unsure about how to invest their money, a study released today by the Future Foundation has shown. Over a third of people, 38 per cent, said they don’t have enough knowledge, confidence, or available cash to make investments. This is despite most people, 81 per cent, thinking they should take [...]
Tandem digital bank granted licence by the Bank of England November 30, 2015 Another digital bank is has been granted a licence to operate in the UK. Tandem, a digital retail bank, has been given its licence by the Bank of England and will now begin the process of constructing its technology platform and meeting capital requirements. Ricky Knox, co-founder of Tandem, said: “We are very excited to [...]
Sanctions will cost Turkey and Russia billions, IHS economists warn November 30, 2015 The Russian and Turkish economies will both suffer heavy losses after Moscow imposed economic sanctions in response to the downing of a fighter jet, a new economic report has warned. Turkey was a major beneficiary of sanctions imposed on Russia by the EU last year in response to its involvement in the annexation of Crimea in [...]