Grek debt crisis: Alexis Tsipras now faces scrap in Athens over new deal July 13, 2015 Embattled Greek Prime Minister Alexis Tsipras is facing a backlash from supporters after accepting the broad terms of a new bailout deal. The agreement requires Greece to undertake more reforms and austerity in return for cash, despite the country rejecting such a deal in a national referendum just over one week ago. Workers from the [...]
Oil prices drop as nuclear deal with Iran looms July 13, 2015 Oil prices were stuck below $60 yesterday and with an Iranian nuclear deal in the offing could fall further again in the near future. Talks between Iran and Western powers were due to end last night, and officials said yesterday that a deal aimed at ending sanctions on the Middle Eastern country in return for [...]
Ex-HSBC boss Lord Green faces grilling from House of Lords July 13, 2015 The elusive Lord Green will finally face a grilling today on high-profile scandals that occurred during his tenure at the helm of HSBC. Green – who headed up the bank between 2006 and 2010 – is up in front of the House of Lords Economic Affairs Committee, where he will be quizzed on allegations that [...]
Derwent London secures its first lettings for White Collar Factory July 13, 2015 Derwent London said yesterday it has snapped up an office block at the heart of the capital’s fintech district in Aldgate at the same time as it announced its first lettings at the White Collar Factory scheme in Old Street. The developer has bought Aldgate Union on Whitechapel High Street from the Royal Bank of [...]
Bargain Booze owner toasts to better than expected hike in profit July 13, 2015 Conviviality Retail, the company behind the off-licence chain Bargain Booze, saw pre-tax profits rise by 4.4 per cent last year after broadening its range of wines and ales to woo more affluent shoppers. The Aim-listed group, which suspended trading last week after confirming it is in takeover talks with wholesaler Matthew Clark, reported profits of [...]
Bluefield Partners plans solar fund IPO to raise £142m July 13, 2015 Bluefield Partners yesterday said it is planning to float a second solar energy fund on the London Stock Exchange, which it hopes will raise at least €200m (£142m). Unlike its first listed fund, which invests in UK solar energy assets, the Bluefield European Solar Fund will look for opportunities in Eurozone countries – excluding [...]
Shanks launches green bonds listing July 13, 2015 UK WASTE management company Shanks yesterday opened trading at the London Stock Exchange, to mark its “green bonds” being the first retail offering to be listed on the bourse’s green market. To be classed as green bonds, they have to demonstrate that the proceeds will be invested in environmentally beneficial projects.
Greek debt crisis: From its €50bn fund of government assets to its bridge financing arrangements, today’s Greek deal in numbers July 13, 2015 After six months (which culminated in a tense-sounding 17-hours), Greece has finally reached a deal with its lenders which should, eventually, help to unlock bailout funds for the country. Read more: Greece deal – here's why the euro has dropped But how much is this going to cost Greece – and its lenders? Here are the [...]
Jeroen Dijsselbloem reappointed as Eurogroup head July 13, 2015 Dutch finance minister Jeroen Dijsselbloem has been reappointed as the head of the Eurogroup for another 2.5 years. Read more: Tsipras – "Greece will continue to fight" Dijsselbloem faced competition from Spanish finance minister Luis de Guindos, but in a statement the European Council said: "The decision was unanimously supported by all Eurogroup members." The Eurogroup, [...]
Greek debt crisis: Referendum spurs Greek job hunters to search abroad… and the UK is a favourite July 13, 2015 The prospect of a Grexit has caused a massive spike in the number of people looking for work outside of Greece, particularly among highly skilled workers. The country experienced a surge in citizens searching for jobs abroad as its debt crisis deepened and the referendum was announced, data from job website Indeed reveals. The share [...]