International Energy Agency executive director Fatih Birol warns over under-investment in the oil industry October 26, 2015 The executive director of the International Energy Agency (IEA) Fatih Birol has warned that a drop in investment across the oil industry could cause prices to tighten from mid-2016. Speaking at the Singapore International Energy Week, he said oil investment was likely to fall again in 2016, after sliding by more than a fifth this year. "If it comes [...]
London house prices: Dreaming of a pad on the river Thames? Here’s how much it will cost you October 26, 2015 A room with a view always comes at a price. But that premium can be as high as 70 per cent when buying a property in London with a view of the river Thames, according to research from Cluttons. The estate agency said homes for sale on the river or with views of the Thames can [...]
BP, Shell and BG Group earnings: Investec says oil companies’ profits set to halve amid rout October 26, 2015 Could oil majors' profits halve when they update the market on their third-quarter trading this week? Broker Investec has said it expects low oil prices to push the sector's earnings down 29 per cent quarter-on-quarter, and 57 per cent annually. Amid the gloom, traders will be looking for evidence oil companies' upstream operations – which relate to the extraction and [...]
Dollar Financial must repay millions to customers of Money Shop, Payday UK, Payday Express and Ladder Loans, Financial Conduct Authority rules October 26, 2015 The payday lender behind familiar high street short-term loans business The Money Shop has been told to repay millions of pounds to customers by the finance watchdog. More than £15.4m will be repaid to 147,000 customers after an investigation by the Financial Conduct Authority found Dollar Financial was lending more than people could afford to repay, and issues with [...]
Toyota overtakes Volkswagen as world’s biggest carmaker by sales October 26, 2015 Toyota has displaced German manufacturer Volkswagen as the world's biggest carmaker by sales. The Japanese carmaker sold 7.49m vehicles in the first three quarters of 2015, putting it ahead of VW's 7.43m. It comes after VW inched ahead of Toyota in the first six months of this year, having sold 5.02m vehicles to VW's 5.04m. Read more: What Volkswagen scandal? [...]
Asda cuts unleaded petrol and diesel prices as chief Andy Clarke calls on George Osborne to freeze fuel duty in Autumn Statement October 26, 2015 Asda boss Andy Clarke has called on George Osborne to freeze fuel duty in his upcoming Autumn Statement, as the supermarket made further cuts to the cost of fuel at its pumps. “There are undoubtedly green shoots at a macroeconomic level and our customers are cautiously optimistic which is why they continue to save, particularly at this time of year. [...]
TalkTalk’s share price tanks again after cyber attack and data breach October 26, 2015 TalkTalk's share price is taking a pounding again. In morning trading its share price plummeted after a hacking crisis that has seen more than a billion items of customer data stolen from its website. In mid-morning trading TalkTalk shares were down 9.42 per cent. Read more: Chief exec Dido Harding comes out fighting over data hacking crisis Last [...]
Aberdeen Asset Management share price jumps, despite denying reports it is for sale October 26, 2015 Aberdeen Asset Management's share price jumped 3.9 per cent to 365.1p in mid-morning trading, amid reports the company is up for sale. A report in the Financial Times yesterday suggested that the FTSE 100 company's founder and chief executive, Martin Gilbert, was looking for potential buyers in order to turn around its fortunes. However, a senior source [...]
London house prices: This is who the capital’s prime rental tenants are, what they do, where they live and how much they pay for the privilege October 26, 2015 Ever wondered who those people are that are paying upwards of £8,000 a week to live in one of the capital's swankiest pads? Well, fellow nosy neighbours, wonder no more. In prime central London, a number of tribes have been identified by lettings agent EJ Harris, showing an increase in international tenants across the board [...]
BBA: Mortgage approvals leap as buyers race interest rate hike October 26, 2015 The number of mortgage approvals leaped 24 per cent in the year to September, figures published this morning showed, suggesting buyers are racing to secure mortgages before interest rates are hiked. The figures, by the British Bankers' Association, showed gross mortgage borrowing in September rose to £12.1bn, 17 per cent higher than a year ago. [...]