Oil falls back from 2016 highs as Opec ramps up production in April May 2, 2016 Global oil prices lost ground today after data from the Organization of the Petroleum Exporting Countries (Opec) showed production continued to climb. At the end of last week oil closed its biggest monthly gain in seven years as the weak dollar and falling US production helped offset concerns. Opec data, seen by Reuters, revealed that in [...]
E-cigarette advertising clamp down expected from European Court of Justice ahead of implementation of European Tobacco Products Directive May 2, 2016 The European Court of Justice (ECJ) is expected to rule in favour of clamping down on e-cigarette advertising this week, despite a recent report by UK doctors that urged promoting the product for public health reasons. The ECJ will rule on Wednesday on a final attempt by tobacco and e-cigarette manufacturers to ameliorate legislation that [...]
Why this boutique investment bank sees positives no matter which way the EU referendum goes May 2, 2016 It's difficult to find many investment banks feeling cheery about 2016. Global first-quarter revenues dropped to their lowest levels since 2009. Banking giants have reported double-digital percentage profit falls. And thousands of jobs have been lost. But Zeus Capital, a boutique investment bank founded in 2002, offers a success story. Albeit while operating on a [...]
Richard Scantlebury at CBRE is doing 10 marathons in 10 weeks, but he’s taking his time May 2, 2016 City runners who took part in the Virgin London Marathon may be taking a well earned break from the gym this month, but not one stoic jogger at property giant CBRE. Richard Scantlebury, who works in asset services for the company, has pledged to run 10 marathons in the space of 10 weeks in a bid to raise [...]
Leicester City Premier League win would put UK bookmakers out by £10m in losses, with William Hill and Ladbrokes losing £3m each May 2, 2016 UK bookmakers will have to pay out £15m if Leicester City are crowned the winners of the Premier League tonight, of which £10m will be in losses, according to William Hill. If Tottenham fail to defeat Chelsea tonight, Leicester City will secure their first top-flight title. Both Ladbrokes and William Hill have said they will be paying out [...]
Staff at investment bank Liberum flash the cash on throw-away items, spending hundreds on a bin by their own desks May 2, 2016 Bankers will go to huge lengths to make their lives easier. Whether it's exercise bikes installed in Barclays' offices or private screenings of Spectre on the night of its UK premiere, there's a lot City workers will do to avoid the riff raff and maximise their efficiency. It comes as no surprise, then, that staff at investment bank Liberum splashed [...]
Cheers to that: Waitrose doubles Scottish craft beer offering in its Scotland stores May 2, 2016 Waitrose has become the latest supermarket to significantly expand into the world of craft beer, placing 49 new Scottish-brewed offerings on its shelves in the country from today. The upmarket grocer, which only has seven stores in Scotland, has doubled the number of Scottish craft beer and ales it stock and has increased the number of breweries it [...]
TTIP leak is a “storm in a teacup” says EU trade commissioner after Greenpeace publishes secret documents May 2, 2016 A leak of confidential information claiming to reveal the disagreements in negotiations between Europe and the US on the TTIP free trade deal have been labelled a "storm in a teacup" by a senior official in Europe. Draft documents detailing the Trans-Atlantic Trade and Investment Partnership talks were published by Greenpeace in the Netherlands, which it said show serious cause for [...]
Liberty House confirms it will put forward bid for Tata Steel’s UK assets May 2, 2016 Liberty House has confirmed it will submit a bid for Tata Steel's UK assets tomorrow, when Tata's deadline for letters of intention to bid for its British business closes. The commodities investor, headed by Sanjeev Gupta, will make an offer for the whole of Tata's UK business, including the blast furnace site in Port Talbot and [...]
Bond bad-boy Mads Mikkelsen boozes with brokers at XTB, but are execs worried the loose-tongued actor will give away trade secrets? May 2, 2016 It's well known that London's finance workers have a thing for James Bond. And so it was for fintech trader XTB, which celebrated signing Le Chiffre actor Mads Mikkelsen as its brand ambassador with a star-studded party in the West End last week. Is the fintech firm worried that their new signing will give away trade secrets? Before [...]