Ryanair flight FR2224 flight from Riga to London Stansted delayed for 13 hours January 18, 2016 Hundreds of Ryanair customers have been stranded at Riga International Airport in Latvia after a number of flight delays. Passengers trying to fly to Stansted Airport in London on the budget airline's FR2224 flight have been stuck in the Latvian capital since this morning. The flight was originally scheduled to leave Riga at noon and arrive in [...]
Oil steadies after Iranian influx pushes the price to under $28 January 18, 2016 The oil price steadied in yesterday’s trading after the immediate reaction to Iranian production coming back onto the market sent it below $28 a barrel. International benchmark Brent crude fell to fresh lows not seen since September 2003, hitting $27.67 before climbing back about $28. Oil cartel group Opec warned in its latest monthly review [...]
Metro Bank IPO could be hit by Clydesdale flop January 18, 2016 The cut price flotation of Clydesdale Bank could deal a blow to fellow challenger Metro Bank’s IPO plans, experts have warned. National Australia Bank revealed Clydesdale would be valued £500m below expectations today, setting a price range for its London listed shares at 175p to 235p, valuing the bank between £1.54bn and £2.07bn. The lowest end of [...]
Donald Trump UK ban debate: Donald Trump’s views are repugnant, but we can’t ban people for stupidity January 18, 2016 MPs from all parties were vehement in their condemnation of Donald Trump during a debate on whether to ban the outspoken business mogul and Republican presidential hopeful from the country, after a petition calling for him to be denied entry to the UK received over 560,000 signatures. The petition was launched amid widespread criticism after Trump called for a ban [...]
The Big Short inspires impromptu investments by City workers January 18, 2016 CITY film buffs will be waiting with bated breath for the release of The Big Short, which hits UK cinema screens this Friday. The financial epic sees Brad Pitt, Christian Bale, Ryan Gosling and Steve Carell playing four rogue traders who made millions out of the 2008 financial crisis when they figured out that the [...]
Economists: Iran faces barriers to strong growth January 18, 2016 The lifting of sanctions against Iran has not erased pessimism over the future of its economic growth. Iran’s economic growth plummeted after sanctions relating to its nuclear programme were put in place. Yet some are warning the removal of restrictions may not mark a return to high levels of pre-sanctions growth for a sustained period. “Given [...]
Bank of Enland’s Gertjan Vlieghe: Pay and inflation are not high enough to justify interest rate hike January 18, 2016 The Bank of England’s newest rate-setter Gertjan Vlieghe has said today he is unlikely to vote for an interest rate rise unless pay growth and inflation pick up and growth remains robust. “In order to be confident enough of the medium-term inflation outlook to raise Bank Rate, I would like to see evidence that growth [...]
2016 Edelman Trust Barometer: Britons more likely to trust businesses than politicians or the media January 18, 2016 Britons are more likely to trust business than politicians or the media, according to new research out today. Communications group Edelman found in its annual “Trust Barometer” survey that 46 per cent of the general population trusted business, compared to 36 per cent who said they were confident in the government and an equal share [...]
UK finance chiefs are worried about losing their top workers amid competition for talent January 18, 2016 UK finance directors are worried about losing their top talent as a professional talent war breaks out among finance firms. Of over 200 finance directors surveyed by recruiter Robert Half, 38 per cent said a major internal concern for 2016 was keeping hold of talent. The headache for firms was evident last year – 58 per [...]
Small UK businesses fear EU referendum currency swings January 18, 2016 A large number of smaller UK businesses trading internationally are concerned about potential swings in the exchange rate caused by an EU referendum, according to new survey figures published today. The survey of over 1,000 senior decision makers at small and medium-sized enterprises (SMEs) revealed 75 per cent of them feared currency volatility related to [...]