Amazon’s Jeff Bezos has unveiled his space travel company Blue Origin’s new rocket – as well as launch plans from Cape Canaveral September 16, 2015 Amazon’s Jeff Bezos unveiled his space exploration company Blue Origin’s new rocket, announcing plans to fly from a classic launch pad in Cape Canaveral in Florida. The space travel startup announced a $200m investment to build a rocket manufacturing plant in the area, with plans to launch them from a pad that hasn’t been used [...]
Glencore kicks off $2.5bn placing after shares recover from record low September 16, 2015 Mining giant Glencore has launched a $2.5bn (£1.6bn) placing of up to 1,307,794,600 new shares. The placing, which represents around 9.99 per cent of the firm's issued share capital, is part of the group's plans to reduce net debt by $10.2bn, announced earlier this month. Glencore’s share price had dropped by almost seven per cent [...]
London is the top destination for overseas technology workers September 16, 2015 London is the most popular destination in Europe for technology jobs as the UK digital economy continues to grow. A new set of data from jobs site Indeed shows that 3.4 per cent of all overseas jobs searches are for London specifically, with the figure rising to 8.2 per cent for tech jobs. Nearly one-third [...]
Motor insurer’s IPO could ignite the market September 16, 2015 Hastings’ float is putting the spark back into personal lines THE PERSONAL lines insurance market has been the less sexy relation to its commercial cousins in recent months. Zurich and RSA are dancing around the idea of a union, following the marriage of Aviva and Friends Life, not to mention XL Group’s successful play for [...]
Fed rate hike expectations: Cheap oil and strong dollar blot outlook for Federal Reserve interest rates decision September 16, 2015 Clouds are gathering over the US economy as the release of bearish data spooks investors ahead of tomorrow’s highly anticipated Federal Reserve interest rate decision. Manufacturing output contracted by 0.5 per cent in August, according to Federal Reserve data released yesterday – the sector’s biggest output decline since January 2014. Industrial production, which includes [...]
Glencore share price rises with $2.5bn placing, climbing back from record low September 16, 2015 Shares in Glencore opened up by as much as four per cent on Wednesday morning, pleasing investors with a new share placing. The debt-stricken company is seeking to reverse its fortunes with the emergency share placing, which raised the $2.5bn (£1.63bn) it had promised investors. The commodities trader and mining company saw its shares plummet [...]
Amazon’s Jeff Bezos has unveiled his space travel company Blue Origin’s new rocket – as well as launch plans from Cape Canaveral September 15, 2015 Amazon’s Jeff Bezos unveiled his space exploration company Blue Origin’s new rocket, announcing plans to fly from a classic launch pad in Cape Canaveral in Florida. The space travel startup announced a $200m investment to build a rocket manufacturing plant in the area, with plans to launch them from a pad that hasn’t been used [...]
Eurozone in fine fettle but China dents sentiment September 15, 2015 Evidence that the Eurozone is recovering strongly after years of economic stagnation is piling up. However, investors are on the cautious side in case events in developing economies throw the recovery off track. Eurozone goods exports to the rest of the world grew strongly in July, reaching €185.2bn (£136.9bn), according to figures released yesterday by [...]
Bank of England quarterly bulletin says that cash isn’t dead just yet September 15, 2015 Reports of the death of cash have been greatly exaggerated, the Bank of England claims. Well, not perhaps greatly exaggerated, but certainly a little premature. "Over the next few years, consumers are likely to use cash for a smaller proportion of the payments they make," Tom Fish and Roy Whymark of the Bank’s notes directorate said in [...]
“We write what we want”: OBR chief Robert Chote reappointed after playing down Treasury influence over summer Budget economic forecasts September 15, 2015 Robert Chote has been reappointed as chief of the Office for Budget Responsibility (OBR) following a grilling from MPs in which he fended off accusations that the watchdog had been influenced by the Treasury in its analysis of the summer Budget. However, the saga is not yet over as more evidence has been demanded from [...]