Apple, Yahoo, Microsoft, IBM and Twitter share prices fall as US markets open July 22, 2015 US technology shares all fell as US markets today, after disappointing results by Apple prompted a mass sell-off overnight. Read more: Apple reckons Watch sales "beat internal forecasts" The iPhone manufacturer led the fallers, with its shares falling five per cent to $124.29, after a 7.3 per cent drop in pre-market trading wiped $66bn off its [...]
Supermarket wars: The Co-op Food is going on a hiring spree July 22, 2015 The Co-op is clearly feeling bullish about growth opportunities for its supermarket. Fresh from investing £125m to back its entry in the grocery price war, Co-operative Food has just announced plans to go on a hiring spree. The supermarket has committed to hiring a further 1,000 frontline staff to work in its convenience stores. [...]
Institute of Directors: Bank of England must raise interest rates now or risk being defenceless during the next crisis July 22, 2015 The Institute of Directors (IoD) has urged the Bank of England's monetary policy committee (MPC) to start raising the interest rate "now" or risk being "defenceless" when the next financial crisis comes. Read more: Pound jumps as Bank of England moves closer to rate hike In a statement released after yet another decision to hold rates [...]
Financial Conduct Authority chief exec Martin Wheatley says he’s leaving with “a sense of unfinished business” July 22, 2015 Outgoing chief executive of the Financial Conduct Authority Martin Wheatley has said that he's “disappointed to be moving on and I do so with a sense of unfinished business”. Wheatley was speaking at what will be his last annual public meeting with the financial regulator, following announcements that he will step down in September. Earlier [...]
Apple’s value loses billions and tech share prices tumble July 22, 2015 European tech stocks have tumbled this morning after a string of muted results from the likes of Microsoft, IBM and Apple, which lost billions from its value in after-hours trading following a more reserved set of numbers from its third quarter earnings. The FTSE Eurofirst 300 tech index was trading down this morning while Arm's [...]
Pound jumps as Bank of England rate-setters vote unanimously to keep rates on hold in July July 22, 2015 The pound rose 0.45 per cent against the dollar to $1.5624 this morning after members of the Bank of England's monetary policy committee (MPC) struck a more hawkish tone in minutes of a meeting published today. While all nine members voted to hold interest rates at a record low 0.5 per cent at its meeting [...]
Government spending review: How George Osborne’s 40 per cent cuts would shrink each department July 22, 2015 George Osborne’s spending review will have struck fear into many a government department. The chancellor has committed to cutting £20bn from the public purse and, as well as kicking off a major land-grab of from public property in an attempt to address Britain's housing supply crisis, he's tasked each department to come up with projections for [...]
Tesco’s Harris + Hoole coffee shops lose founders and bosses Nick, Andrew and Laura Tolley July 22, 2015 The founders and bosses of Harris + Hoole, the coffee shop chain part-owned by Tesco, are leaving the company amid the supermarket's asset sell off. The sibling founders Nick Tolley, Andrew Tolley and Laura Tolley, who are chief executive, coffee director and chief design officer respectively will depart next month, Retail Week reports, retaining their [...]
EasyJet share price soars as revenue beats expectations July 22, 2015 The figures Revenue dropped at EasyJet in the second quarter, yet the turbulence was less severe than had been feared by the low cost airliner. Read more: EasyJet strike could cause a new headache for budget airline The better than expected results triggered a four per cent rise in EasyJet's share price in early trading. Europeans' [...]
Flybe’s share price soars as turnaround plan takes hold and passenger numbers rise July 22, 2015 Flybe's share price was soaring this morning as investors digested the progress being made on the struggling airline's turnaround plan. The budget airline, which issued an encouraging trading update for the first quarter, said it had managed to cut the cost of a UK seat by 3.4 per cent to £51.92. It is [...]