Dow crosses 17,000 for first time in weeks – New York Report October 8, 2015 Signs of dovishness in the Federal Reserve September meeting minutes which shed light on its decision to keep interest rates near zero helped to maintain an upward momentum in US stock markets. The Dow Jones industrial average rose 137.86 points, or 0.82 per cent, to 17,050.15, the S&P 500 gained 17.56 points, or 0.88 per [...]
Galliford Try share price rises as it wins contract for Luton and Dunstable University Hospital October 8, 2015 Galliford Try has stepped up its presence in the healthcare market after winning a contract to help with the £150m redevelopment of Luton and Dunstable University Hospital. The company's share price closed up by 1.01 per cent following the announcement. The housebuilder and construction group said has been appointed as preferred supply chain partner under ProCure [...]
Netflix share price jumps after reports that the company is hiking its prices October 8, 2015 Streaming giant Netflix is reportedly raising the price of its streaming subscription by $1, reports Bloomberg. This will put the company's most popular subscription plan at $9.99 a month. The move, which will affect new customers in the US, Canada and parts of Latin America, follows on a similar hike in Europe, where prices were [...]
Tesco share price rises as bosses dip into their pockets and buy stake in troubled supermarket chain October 8, 2015 Tesco's board have thrown their support behind the embattled supermarket group by buying nearly half a million pounds worth of shares. Chief executive Dave Lewis has spent £200,000 of his own cash to buy his first 99,950 shares in the grocer. Non-executive directors Richard Cousins and Mikael Olsson have also invested in the business for the [...]
Volkswagen US boss Michael Horn apologies for emissions scandal and confirms three staff suspended October 8, 2015 Volkswagen’s US chief executive Michael Horn has apologised to US lawmakers over the emissions cheating scandal that has rocked the industry. He also confirmed media reports that three people at the company had been suspended. “On behalf of our company, and my colleagues in Germany, I would like to offer a sincere apology for Volkswagen’s [...]
Etsy share price falls as Amazon comes over all hipster and launches Amazon Handmade October 8, 2015 Amazon has just done the corporate equivalent of growing a beard and getting a tattoo sleeve, after it announced the launch of Handmade at Amazon, an online marketplace for "genuinely handmade items". Sound familiar? That's because it's already been done – by Etsy, the US e-commerce site which launched a $3.5bn (£2.3bn) IPO in April. [...]
US jobless claims fall to lowest in almost 42 years October 8, 2015 The (albeit brief) US jobs market scare is over. The number of people in the US filing for jobless benefits has hit its lowest proportion of the labour force since records began in 1948, quelling fears that the US labour had slowed. Figures last month from the US Bureau of Labour showed the number [...]
The Earth Index: How much does nature add to the global economy? October 8, 2015 The Earth's natural resources are a crucial part of the world's economy, helping to drive agriculture, tourism and the production of man-made objects. Today, BBC published its “Earth Index”, which shows how the contribution of these vital resources compares to other parts of the economy. It turns out the financial value of nature is huge, [...]
London’s housing market heats up with 25,000 new properties for sale in September October 8, 2015 London's housing market is hotting up again after a quiet summer, with 25,000 new properties listed for sale in September. The housing market traditionally picks up in the autumn, and there was 27.1 per cent increase in properties for sale in London between August and September this year, despite the housing shortage. Only [...]
M&G and Schroders among fund managers said to be thinking of quitting the Investment Association October 8, 2015 Several of the UK's largest fund managers are thinking of quitting the industry's biggest trade body, the Investment Association. M&G Investments and Schroders are set to quit the group, according to Sky News, which also reported that Fidelity Investments, Aberdeen Asset Management and Invesco Perpetual are looking at ending their connections with the association. Between [...]