Quindell on verge of selling operating unit January 22, 2015 TECH and outsourcing company Quindell confirmed it was in exclusive talks with Australian law firm Slater & Gordon for a possible sale of an operating unit. Quindell, founded by ex-CEO Rob Terry (pictured), said yesterday there was no certainty the talks would lead to an offer or a deal. The company said early this month [...]
Quindell confirms Slater & Gordon is in talks to buy its legal arm after share price rises 15 per cent on rumours January 22, 2015 Quindell has confirmed that law firm Slater & Gordon is in talks to buy "an operating division", thought to be its legal services arm. In a statement after the market closed, the insurance claims processor confirmed press speculation that the "third party" it had previously named was the law firm. Shares in the company rose [...]
Denmark slashes interest rate for the second time this week January 22, 2015 Denmark's central bank has cut its main interest rate for the second time this week, The Danmarks Nationalbank aid it has taken its main deposit rate to -0.35 per cent from -0.2 per cent,
Forex probe could stop Bank of England access to market data January 21, 2015 The Bank of England risks losing access to vital sources of market data thanks to banks cracking down on traders gossiping, Lord Grabiner warned yesterday. Top barrister Grabiner was hired to investigate what Bank of England staff might have known about foreign exchange manipulation. He found an informal relationship between Bank officials and traders, with [...]
Bank of England steps back from interest rate hike as inflation falls January 21, 2015 INTEREST rates are set to stay lower for longer, as senior policymakers at the Bank of England unanimously decided to keep rates on hold, the minutes of this month’s meeting showed yesterday. Slowing growth in the Eurozone combined with falling inflation in the UK is pushing a prospective rate hike further into the future. Previously, two members [...]
Eni’s chief executive Claudio Descalzi warns oil could jump to $200 January 21, 2015 Italian oil firm Eni has warned oil could jump to $200 per barrel within the next decade if the Organisation of Petroleum Exporting Countries (OPEC) fails to cut production. Slumping oil prices are leading to under-investment in the oil industry, Claudio Descalzi, Eni's chief executive, said today at Davos. He said mismanagement by OPEC could prompt [...]
Bank of England minutes: Pound drops as MPC returns to agreement on interest rate rises January 21, 2015 The pound fell against both the euro and the dollar today, after Bank of England policymakers returned to agreement on the importance of keeping interest rates low. Minutes published this morning showed the Bank's monetary policy committee (MPC), which sets interest rates, voted unanimously against raising rates from their historic low of 0.5 per cent. [...]
German investors confident on economy despite hectic January January 20, 2015 INVESTOR sentiment in Germany has reached an 11-month high, new figures show. An indicator of economic sentiment jumped to 48.4 in January from 34.9 in December, according to figures released yesterday by German researchers Zew. The index now sits comfortably above its long-term average of 24.5. It has recovered from a 2014 trough of below [...]
Deloitte: Facebook added $6.6bn to the UK economy in 2014 January 20, 2015 Facebook added $227bn (£149bn) to the global economy in 2014, according to a Deloitte and Touche report commissioned by the social media giant. Although Facebook only generated revenue of $12bn (£7.9bn) in the financial year, the report calculates all the economic activity “enabled” by the social media platform. These include businesses with pages [...]
11 times The Sun’s Page Three girls showed how deeply they cared about the UK economy January 20, 2015 The end of an era, or good riddance? However you feel about Page Three, there's no arguing with the fact it's a British institution. But today came the news that after 45 years, The Sun has apparently decided to put an end to its traditional topless model slot. The news was revealed by sister title The [...]