Bank of England to launch new blog “Bank Underground” June 18, 2015 The old lady of Threadneedle street will lift up her skirt tomorrow with the launch of a new staff blog entitled "Bank Underground". The blog, named after the nearby tube station, will let Bank of England staff write editorials which support, as well as challenge, existing orthodoxies. Previously, Bank of England staff were limited to communicating with [...]
Sirius Minerals share price closes down 13.4 per cent on York Potash mine planning report June 18, 2015 Shares in Aim-listed Sirius Minerals closed down 13.4 per cent to 18.62 pence per share this afternoon, after a disappointing planning report on its York Potash mine application. Planning officers at the North York Moors National Park Authority said that the application has "a clear and fundamental conflict with both local and national policies". Sirius [...]
Dragon Oil share price dips slightly as shareholder Baillie Gifford unimpressed by £3.7bn takeover off from Emirates National Oil Company June 18, 2015 Dragon Oil's largest minority shareholder Baillie Gifford isn't impressed by Emirates National Oil Company's (ENOC) £3.7bn takeover offer for the oil explorer. The Edinburgh-based asset manager, which owns a 7.2 per cent stake in the company, said the offer "materially undervalues the company's strong growth potential and encourage shareholders to reflect on the growth infrastructure that is presently being [...]
Aldi fined over price-fixing in Germany June 18, 2015 Aldi is among the retailers fined by Germany's competition authority over price fixing. Read more: Bargain Booze is playing Aldi at its own game The discounter is one of seven food retailers and four producers which have been fined €151.6m (£108.9m) over price fixing on "some products". Andreas Mundt, the president of Germany's cartel office, [...]
Expats beware: Working abroad could lose you money in the long run June 18, 2015 Moving abroad for work can be a very appealing prospect – there are higher salaries, lower tax rates and an undeniable sense of excitement. But doing so can often lead to financial losses down the line, according to financial advice firm AES International. They calculate that many of the 78,000 Britons leaving the [...]
Fitbit share price opens 55 per cent higher on stock market debut June 18, 2015 Shares in fitness tracking technology maker Fitbit opened 55 per cent higher at $30.40 as it launched its initial public offering today. The company made its debut on the New York Stock Exchange this morning at $20 per share under the ticket FIT, raising $732m. It is now valued at more than $4.1bn. You can [...]
Singapore-style maths lessons could add £200 a year to students’ salaries June 18, 2015 A maths programme used in Singaporean schools could add hundreds of pounds a year to British students' salaries once they hit the workforce, according to research by the UCL Institute of Education and the University of Cambridge. The “Maths Mastery” programme focuses on fewer topics but goes into more depth than the programmes used [...]
UK house prices: Arsenal top the Premier League of renting June 18, 2015 Arsenal can finally claim to be top of the Premier League, at least when it comes to rental prices. Lettings agent Rentify has compiled a list of how top football clubs would rank if the table were organised on the rental price for a two-bedroom flat. Read more: How would the monopoly board look in [...]
E.on confirms closure of Killingholme power station June 18, 2015 Energy giant E.on will close its Killingholme gas-fired power station in North Lincolnshire, saying market conditions are too challenging to continue operations. The decision follows a review that was prompted after a move in March to stop “normal” generation at the site, which meant releasing Killingholme's 900MW of Transmission Entry Capacity. National Grid [...]
MRSA superbug found in pork sold by Sainsbury’s, Tesco, Asda and Co-operative June 18, 2015 Pork sold by four major UK supermarkets has tested positive for MRSA CC398 – a variant of the superbug, which can cause skin disorders and serious infections in humans. Products from Sainsbury's, Tesco, the Co-operative and Asda all tested positive for the bacteria during an investigation carried out by The Guardian. Read more: Sainsbury's, [...]