Tethys shares jump after Nostrum reveals offer is yet to be accepted September 15, 2015 NOSTRUM Oil & Gas revealed yesterday that its offer to take over Tethys Petroleum has not yet been accepted, with the two companies unable to agree upon the terms of the proposed deal. Shares in Tethys closed up by 7.89 per cent yesterday, at 5.12p, while Nostrum’s shares rose by 0.48 per cent. Asia-focused Tethys [...]
City Moves for 16 September 2015 | Who’s switching jobs September 15, 2015 BARCLAYS Ian Gilmartin has been appointed head of retail and wholesale for Barclays’s corporate bank. He has over 20 years’ experience and has spent the past five years as part of the leadership in Barclays’ retail and wholesale team. Gilmartin has also held roles at Dresdner Kleinwort Benson and Allied Irish Banks. DELOITTE The business [...]
Indices rally with eyes on Fed meeting – New York Report September 15, 2015 US stocks rose by more than one per cent yesterday after data showed healthy growth in consumer spending. However, this did little to remove uncertainty about whether the Federal Reserve will end seven years of near-zero interest rates when it meets on Thursday. The Dow Jones industrial average rose 228.89 points, or 1.4 per cent, [...]
It’s finally happening: Mark Zuckerberg confirms Facebook is working on a “dislike” button September 15, 2015 It’s finally happening: Facebook is working on a dislike button. Founder Mark Zuckerberg revealed during a meeting at Facebook's headquarters in California that the company is planning to try out other buttons than “like”: It's important to give people more options than just “like”. Not every moment is a good moment. If you share something [...]
EU refugee crisis: Facebook to cooperate with Germany to clamp down on racist and anti-refugee hate speech September 15, 2015 Facebook has promised to help the German government tackle a wave of online hate speech in the wake of the ongoing refugee crisis, responding to criticism that it’s failed to do its part. The social network has come under fire for being too slow in removing xenophobic content from its platform, even when reported, as [...]
UK house prices: These are the best value properties near to top-performing schools September 15, 2015 There are many factors that come into play when trying to find the perfect house, and location is always one of them – not least when it comes to school catchment areas. But sometimes the premium you pay to get near a school might not be worth it – perhaps the school doesn't really perform [...]
Now you can tweet political donations as Twitter and Jack Dorsey’s Square partner for 2016 Presidential elections September 15, 2015 As if it didn't already feel like Twitter sets the political agenda these days, it could soon also dictate political finances. The social network has teamed up with US payments startup Square to let people make donations to political campaigns for the 2016 Presidential elections with just a simple tweet. That means candidates such as [...]
Female bosses make banks more stable, report shows September 15, 2015 Including women on the boards of banks makes them more financially stable, according to a new report by the IMF. Called Financial Inclusion: Can it meet multiple macroeconomic goals? It shows that the higher the proportion of senior positions occupied by women, the greater the institution's “distance to distress”. A larger distance means the [...]
Bank of England quarterly bulletin says that cash isn’t dead just yet September 15, 2015 Reports of the death of cash have been greatly exaggerated, the Bank of England claims. Well, not perhaps greatly exaggerated, but certainly a little premature. "Over the next few years, consumers are likely to use cash for a smaller proportion of the payments they make," Tom Fish and Roy Whymark of the Bank’s notes directorate said in [...]
“We write what we want”: OBR chief Robert Chote reappointed after playing down Treasury influence over summer Budget economic forecasts September 15, 2015 Robert Chote has been reappointed as chief of the Office for Budget Responsibility (OBR) following a grilling from MPs in which he fended off accusations that the watchdog had been influenced by the Treasury in its analysis of the summer Budget. However, the saga is not yet over as more evidence has been demanded from [...]