HSBC customers not getting paid after IT failure August 28, 2015 HSBC customers face payday woes today, after an IT glitch at the bank has left thousands without their salaries just ahead of the bank holiday weekend. It's unclear exactly what problems it's experiencing, but following a barrage of complaints from customers noticing that their paycheques were missing, the bank confirmed on Twitter that it was [...]
UK GDP second estimate: UK exports jump as GDP growth stays flat August 28, 2015 A sharp upward revision to US second-quarter GDP yesterday sent markets around the world higher. Alas, data out of the UK was a little more muted. Official statistics released today confirmed Britain's economy grew 0.7 per cent in the second quarter of this year. However, economists said that the underlying data shows some rebalancing in the [...]
Say what? Greek GDP revised up to 0.9 per cent August 28, 2015 Well, here's a line we didn't expect to hear this year: growth in Greece has been revised up to 0.9 per cent in the second quarter. That's better growth than the UK achieved… The figure was revised up from an initial reading of 0.8 per cent growth, which was itself seen as pretty optimistic – [...]
How New York City’s yellow taxis are fighting back at Uber through ride-hailing app Arro August 28, 2015 London’s black cabs aren’t the only ones fuming: across the world, cab companies have been losing customers to ride-hailing app Uber. But New York City cabbies are trying a new way of fighting back – by giving the app a taste of its own medicine. Hoping to win back some customers that have gone over [...]
Swiss economy grows at 0.2 per cent in second quarter of 2015 as private spending offsets a strong Swiss franc August 28, 2015 The Swiss economy grew 0.2 per cent in the second quarter of 2015 – meaning the country has narrowly missed sliding into recession. Economists had expected a contraction of 0.1 per cent, which would have caused the country to slide into recession. In the first quarter of 2015 the economy shrank 0.2 per cent. But [...]
Oil prices keep rising – just in time for the great bank holiday getaway (but the good news is Morrisons and Sainsbury’s have cut petrol prices) August 28, 2015 After Brent crude made its biggest one-day gain in six and a half years yesterday, rising more than 10 per cent to $47.56 per barrel, it looks like oil prices are continuing to rise today – just in time for the great bank holiday getaway. This morning Brent crude was up more than one per [...]
Apple executive Ian Rogers resigns just two months after launch of online radio Beats1 August 28, 2015 Apple executive Ian Rogers took his company and the music industry by surprise today, resigning just two months after the launch of Beats1 online radio, reports the Financial Times. Rogers, who joined Apple a year ago, headed up development and strategy at Beats1, bringing in presenters like Ellie Goulding and Zane Lowe. Apple has confirmed [...]
Asian markets continue to rebound, with Shanghai Composite, Nikkei, Hang Seng, ASX 200 up August 28, 2015 A sea of red screens can be seen around Asia as markets continue to rise, including in China, building on positive performance yesterday and a strong finish by markets in the US. The Shanghai Composite rose as much as two per cent in mid-morning trading, gaining on the 5.4 per cent it rose yesterday. Japan's [...]
Jurassic World boosts first-half profit at Odeon and UCI Cinemas August 28, 2015 Odeon and UCI Cinemas yesterday unveiled a blockbuster rise in first-half revenue and earnings, thanks to box-office smashes such as Jurassic World. The cinema chain, owned by the Terra Firma private equity firm, saw its core earnings more than double to £37.3m, while revenue increased by 17.1 per cent to £348.7m. Attendance rose 13.8 per [...]
GVC down but not out in duel for Bwin.party August 28, 2015 888’S lead position in the battle for online gaming giant Bwin.party was thrown into doubt yesterday when the takeover target asked rival bidder GVC to finalise its best offer. Sportingbet owner GVC appeared to have fallen out of the running after Bwin.party accepted a £900m cash and share deal from 888 in July. But GVC [...]