Jobs on offer down in August but demand for consultants grows thanks to Brexit September 27, 2016 The number of job vacancies advertised across the UK slid last month, even though demand for consultants has spiked following the Brexit vote, figures out today show. According to research by jobs search engine Adzuna, total advertised vacancies slipped to 1,123,365 in August, down 2.7 per cent compared with July and down 2.3 per cent compared with [...]
Greater devolution could boost English tourism and encourage more staycations, the Local Government Association has argued September 27, 2016 Greater devolution could help English tourism thrive as it would give local bodies the means to turn their areas into travel hotspots, the Local Government Association (LGA) has said today. Striking more devolution deals to improve regional transport, infrastructure and business support — all key to boosting tourism — could give local groups such as combined [...]
Investors turn bearish on global business cycle amid uncertainty September 27, 2016 Rising uncertainty has led to investors feeling less confident about the global business cycle. Those expecting global equities to rise has dropped to under half (47 per cent), down from 70 per cent just under two years ago, according to the latest Absolute Strategy Research (ASR) survey. Respondents think there is a 41 per cent [...]
Fears over hard Brexit send sterling to a five-week low against the euro September 26, 2016 Rising fears that the UK is heading for a so-called hard Brexit has driven the pound to five-week lows against the euro. Sterling dropped to its lowest level since 16 August against the euro, and also slid against the dollar. The government's stance on Brexit has appeared to be hardening recent, sparking fears in the [...]
Doom and gloom for European banks as Deutsche drags down sector September 26, 2016 Deutsche Bank cast an ominous shadow over the banking sector today, after fresh doubts over the German giant's capital position emerged, prompting investors to take flight across the sector. Investors panicked that government patience for bailouts had run dry and Deutsche Bank's share price closed down 7.5 per cent at €10.55, its lowest level since [...]
Pfizer ditches its break up plans after two years September 26, 2016 US drugmaker Pfizer has resisted calls for it to be split in two. The pharma giant, which has been considering a split into two companies for more than two years, said a break up would not create any shareholder value. However, Pfizer’s low-growth generics and patent-protected branded medicines will remain separately run divisions, leaving the [...]
Three joins call for Openreach to be split from BT September 26, 2016 Mobile challenger network Three has added its voice to calls for BT to be stripped of its infrastructure arm, Openreach. The Fix Britain’s Internet campaign, led by TalkTalk’s Dido Harding and already backed by Sky and Vodafone, has been asking people to write to the telecoms regulator Ofcom. In July Ofcom proposed Openreach be legally [...]
Easyjet shuffles non-executive in to chief operating officer role September 26, 2016 Airline Easyjet has parachuted in one of its non-executive board members as its next chief operating officer. Chris Browne, a former executive at tour operator Tui’s airline division, will take up the job from the beginning of October after stepping down from the company’s board the day before. Easyjet is working to reduce costs and [...]
Carnival cruises to highest ever quarterly earnings September 26, 2016 Carnival has cruised its way to its highest ever quarterly earnings and has said it is “well on track” to deliver nearly 25 per cent earnings growth this year. Net income at the Miami-based cruise ship operator reached $1.4bn (£1bn) in the third quarter. Revenues came in at $5.1bn, $0.2bn higher than the same period [...]
Why it’s been a very bad year to be Deutsche Bank September 26, 2016 Deutsche Bank shares plunged to a new record low today, dropping 7.5 per cent to close at €10.55, prompted by reports in Focus magazine over the weekend that German Chancellor Angela Merkel has ruled out state assistance for the bank. However, this is far from the first piece of bad news to have hit the [...]