Number of people employed by Aim-listed businesses increases 76 per cent over five years August 27, 2019 The number of people employed by companies listed on London’s junior Aim market has increased 76 per cent over the last five years, to reach almost 390,000 people. Revenues of Aim-listed businesses have also grown significantly, with an 86 per cent increase over five years, bringing total revenues to £58bn, according to accountancy firm BDO. [...]
Optimism across UK’s dominant service sector tumbles in second quarter August 27, 2019 Optimism across the UK’s dominant service sector fell sharply in the three months to August, according to a new survey, in news that will worry policymakers as Britain flirts with recession. Read more: Into the red: UK economy shrinks for first time in seven years in second quarter The mood in the business and professional [...]
Record quake reignites calls for fracking ban August 26, 2019 Ministers faced renewed calls to ban fracking today as a record-breaking earthquake shook homes in Blackpool just weeks after the government said it may review limits which the industry says are stifling business. A 2.9 magnitude quake by Cuadrilla’s Blackpool site woke up locals enjoying a bank-holiday lie-in. Read more: Record-breaking 2.9 earthquake measured at [...]
Global stock markets rise as Trump and China dial down trade war rhetoric August 26, 2019 US and European stock markets climbed into the green today after US President Donald Trump calmed investors by saying China was seeking an end to the two sides’ raging trade war. Read more: Trump announces tariff hikes as US-China trade war escalates At the G7 world leaders’ summit in France, Trump said: “We are having [...]
Greece to fully lift crisis-era capital controls August 26, 2019 Greece’s new government today announced it will lift capital controls imposed during its debt crisis in 2015 in a move aimed at restoring the trust of international investors in the country. Read more: Eurozone economy slows as German weakness continues Prime Minister Kyriakos Mitsotakis told the Greek parliament: “From today, capital controls are a thing [...]
Iran sells oil from seized tanker a week after it was released August 26, 2019 Iran this morning said that it has sold the oil being transported in one of its tankers, a week after it was released by authorities in Gibraltar. The ship’s owner will decide where its next destination will be after the sale, said an Iranian government spokesperson, quoted by the IRIB news agency. Read more: As [...]
Record-breaking 2.9 earthquake measured at Lancashire fracking site August 26, 2019 The UK’s only active fracking site has seen its third record-breaking earthquake in under a week this morning, smashing through a limit which made the government ban fracking for two years in 2011. The British Geological Survey (BGS) said this morning that a 2.9 magnitude earthquake was measured close to Blackpool, by Cuadrilla’s site. Read [...]
German business confidence slumps to lowest point since 2012 August 26, 2019 Morale among German business leaders slumped to its lowest point in seven years in August, according to a respected think tank which warned the country is approaching a recession. Read more: German economy shrinks in second quarter as exports slump The business climate index from think tank Ifo fell to 94.3 points from an upwardly [...]
UK economy on course to stagnate in third quarter, says Bank of England governor August 24, 2019 Bank of England governor Mark Carney has said that the UK’s economy is on course to stagnate in the third quarter. He also said that underlying growth looked muted even with Brexit volatility stripped out. Read more: UK will remain ‘energetic partner’ on world stage after Brexit, says Boris Carney said Britain’s economy was “currently [...]
Oil prices slump as China hit US with crude tariffs August 24, 2019 Oil prices took a hit on Friday after China threatened to impose tariffs on US crude oil imports for the first time. Prices tumbled by almost four per cent to a two-week low on a day the trade war escalated. Read more: Trump announces tariff hikes as US-China trade war escalates The ongoing tension has [...]