Dow Jones turns positive for the year as economists warn the global economic outlook has worsened March 17, 2016 The US Dow Jones industrial average index has entered positive territory for 2016, erasing loses racked up earlier in the year. The index is up around 0.1 per cent for 2016, after climbing almost one per cent today. The Dow's recovery has been echoed in other US and European markets, though is in contrast to [...]
Staying afloat: SeaWorld share price jumps after announcement the park will stop its killer whale breeding programme March 17, 2016 SeaWorld's share price jumped after the US theme park operator announced it will end its controversial killer whale breeding programme. The company, which keeps 23 orcas in its three parks in the US, said today that the current generation of orcas will be the last. SeaWorld also said that from 2019 it will introduced "natural orca encounters, [...]
Insurance group Phoenix prepares bid for Deutsche Bank’s Abbey Life March 17, 2016 Insurance group Phoenix is preparing to launch a bid for Abbey Life, which is owned by Deutsche Bank. Phoenix is understood to have hired investment bankers to advise on a bid for the company. Abbey Life has been valued at £3bn, but sources close to Phoenix told Sky News the real figure is unlikely to [...]
Rio Ferdinand scores points for affordable housing with launch of new charity Legacy March 17, 2016 NULL
Almost three months after the Solvency II regulations came into force, fewer than half of EU insurers have coordinated their approach towards capital management March 17, 2016 Many EU insurers are too disorganised in their approach to managing their capital, a professional services firm has warned today. A survey published by Deloitte, which examined 50 insurance companies across 10 different EU countries, discovered that fewer than half of EU insurers have a dedicated capital management department, despite the Solvency II regulations coming into [...]
Work in Canary Wharf? Its new art walking map will change how your spend your lunchtime – and you could get a free Fitbit too March 17, 2016 Canary Wharf's overlords reckon its bankers don't get out enough. What with underground walkways, long working hours and exercise bikes installed next to bankers' desks at Barclays, it's no wonder Canary Wharf Group thinks its workers have no idea what the estate looks like in broad daylight. To encourage them to get out more, the firm has drawn up [...]
Gulf Keystone share price tumbles on funding concerns March 17, 2016 Shares in Gulf Keystone tumbled as much as 18.3 per cent to 9.8p this afternoon, after the oil producer warned it could struggle to meet debt repayments next month. The Kurdistan-focused oil producer flagged "material uncertainties" regarding its ability to meet coupon payments in April and October, as well as the debt repayment of $250m April 2017 and $325 million [...]
President Obama nominates next Supreme Court judge after the death of Antonin Scalia last month March 17, 2016 US President Barrack Obama has nominated court of appeals judge Merrick Garland to the Supreme Court, replacing Antonin Scalia. Garland is viewed as a moderate and has received support from both Democrats and Republicans in his career. “I’ve selected a nominee who is widely recognised not only as one of America’s sharpest legal minds, but someone who [...]