US Presidential election 2016: Donald Trump declares victory in Nevada Republican caucus February 24, 2016 Donald Trump has triumphed in the Nevada caucus, winning 43 per cent of the vote, according to reports. Meanwhile, with just over 25 per cent of precints having reported, Marco Rubio was thought to have clinched second place, with just under 25 per cent of the vote, while Ted Cruz was at 22 per cent. Ben Carson trailed behind, [...]
Asian markets drop on weak Singapore growth data and lower oil prices February 24, 2016 Stocks in Asia tumbled overnight, as weak growth data from Singapore combined with lower oil prices to discourage investors. Data released by Singapore's Ministry of Trade overnight showed the city state's economy grew two per cent in 2015, its weakest growth since 2009. The data showed lower oil prices had dented growth alongside a slowdown [...]
City Moves for 24 February 2016 | Who’s switching jobs February 24, 2016 GN2 Tim Warren has joined central London property firm GN2 after nearly eight years at Cluttons LLP to lead in the expansion of their investment advisory offer. Tim has over 23 years’ experience and has been appointed director and head of the central London sales & investment team, based in the West End. Tim will [...]
Making a killing: Netflix show Making a Murderer marks another huge hit for the streaming service February 24, 2016 Netflix series Making a Murderer is another huge hit for the streaming service, with observers reacting with a mix of bewilderment, shock and suspicion at the undulating story. The show became Netflix’s latest must watch – after House of Cards – with viewers rushing to complete the series, while the momentum around the programme became insatiable. [...]
The grass isn’t greener: Why you should stay in your job February 24, 2016 One in five people have said they are looking to change their jobs this year. And while there are plenty of benefits to switching, there are also many reasons to stay put. Making the move may cause a significant upheaval in your life, and you need to ask yourself whether it is really necessary. Yes, you’ll [...]
The analysts who were left out in the cold – Provident Financial stops analysts from coming into London Stock Exchange meeting February 24, 2016 Security at the London Stock Exchange (LSE) is notoriously tight, but was there another reason why two analysts were turned away from a meeting with Provident Financial? Word reaches The Capitalist that two City figures were shunned from the event yesterday for having committed the sin of placing a “sell” recommendation on the firm’s stock. [...]
Nearly 20 per cent of London households are in debt after paying for essentials February 24, 2016 Nearly one in five London households end up in the red on a monthly basis after paying for essentials, according to new data. Figures from Scottish Friendly also found that after buying essentials such as housing, energy, water, groceries and transport, the average London household has just £934 left per month to save or use [...]
Financial Conduct Authority does not know if it is protecting consumers from mis-selling in the financial services sector, says National Audit Office report February 24, 2016 The Financial Conduct Authority (FCA) is unable show that its actions are effective in reducing mis-selling to consumers, according to a report by the National Audit Office (NAO). The report, which was released today, discovered that the information the watchdog holds is not suitable for showing a link between its actions and complaints. For example, from [...]
EU referendum: London firms say the Single Market is the capital’s biggest economic asset – Confederation of British Industry (CBI) and CBRE Group survey February 24, 2016 Nearly all of London's businesses say that access to the European Union’s Single Market is the capital's "single greatest strength", according to a new survey out today. The Confederation of British Industry (CBI) and CBRE polled 200 of the capital's business leaders, finding that three-quarters of businesses have customers – and almost two-thirds of firms have suppliers – in [...]
What is helicopter money and could it save the global economy from another recession? February 24, 2016 Inflation is below target in most of the world's major developed economies. With interest rates at record lows and economists still split on the effects of quantitative easing, helicopter money has been touted as a possible weapon in central banks' arsenals. The idea The 18th century philosopher David Hume asked what would happen if some good fairy went around [...]