Halifax house prices: UK house price growth continues shrinks to its lowest since December August 6, 2015 Growth in UK house prices dipped to 7.9 per cent in the year to July, the lowest figure since December 2014, figures published by Halifax this morning showed. On a quarterly basis, prices grew 2.4 per cent, lower than June's 3.3 per cent, while the monthly figure fell by 0.6 per cent – its first [...]
Tesla shares fall after the company lowers its delivery guidance August 5, 2015 Tesla shares fell four per cent in after hours trading after the company put the breaks on 2015 deliveries. The figures Tesla reported a second quarter earning per share loss of $0.48 on $1.2bn (£0.77bn) in adjusted revenue, 40 per cent up from a year ago. This was, however, better than the expected $0.59 loss [...]
Neil Woodford’s new fund surpasses Invesco Perpetual Income in fund size August 5, 2015 Just over a year after star fund manager Neil Woodford left Invesco to set up his new fund, Woodford Equity Income has overtaken the fund he previously managed in fund size. Launched in 2014, the fund is now worth £6.74bn in size to the end of July compared to Invesco Perpetual Income’s size of £6.45bn [...]
Oil price rallies on US inventory figures August 5, 2015 Finally, a bit of good news for oil investors: the black stuff was up almost $1 a barrel, or 1.92 per cent, in afternoon trading, after figures showed US inventories had declined for the second week in a row, while Saudi Arabia announced plans to raise prices – but only for its Asian customers . Brent [...]
British people’s confidence in the economy has soared in the last two and a half years August 5, 2015 British people's confidence in their economy is currently at its highest in five years, according to a global poll by Ipsos Mori. Read more: Surveys reveal UK consumers are optimistic on the economy Half of UK respondents in the July survey said they thought their economy was in good health – up from just [...]
Quindell faces criminal investigation by Serious Fraud Office August 5, 2015 The Serious Fraud Office (SFO) has launched a criminal investigation into the Aim-listed tech company Quindell. Quindell said in a market update that it was informed of the probe this afternoon and the SFO is investigating its business and accounting practices. The investigation comes after the troubled company reported £238m annual losses and restated previous [...]
London Stock Exchange Group profit soars on integration of Russell Investments August 5, 2015 Shares rose 2.44 per cent after the group's first half earnings were boosted by its recently acquired global indexes business FTSE-Russell. The figures The London Stock Exchange Group (LSEG) said pre-tax profit in the six months ending 30 June rose 20 per cent to £205.2m, mainly due to strong growth in its global indexes business FTSE-Russell. [...]
Bank of England Super Thursday: Here’s everything you need to know August 5, 2015 Economists, analysts and investors across the City are busily preparing for Super Thursday. Rather than having a fortnight to digest various releases from the Bank of England, they'll be hit with the central bank's interest rate decision, minutes of the meeting and new economic forecasts all at once. The Bank ended what governor Mark Carney [...]
US jobs growth slows in July, sending dollar lower August 5, 2015 Private sector employment in the US increased by 185,000 jobs in July, short of economists’ expectations, sending the dollar lower. The increase was the smallest rise since April. In June, the figure rose by 229,000, revised down from 237,000. The dollar took a battering on the data release, with the euro gaining nearly half a [...]
Quindell shares expected to resume trading tomorrow it reports £238m loss reported and restates previous year’s results amid FCA investigation August 5, 2015 Quindell shares are expected to resume trading tomorrow after more than a month of suspension from Aim, as it reported annual losses of £238m in the latest chapter in a tumultuous saga which has spurred a second investigation by a City regulator. An investigation by the Financial Reporting Council (FRC) has forced the company to restate [...]