Brent crude oil falls towards $49 a barrel August 5, 2015 Brent crude oil has fallen 1.5 per cent in afternoon trading, hitting $49.17 a barrel, a new six month low. Read more: ICE Brent crude oil falls below $50 a barrel The sharp fall comes as figures showing US oil inventories falling by more than expected last week failed to offset the glut in supply. [...]
Oil price rallies on US inventory figures August 5, 2015 Finally, a bit of good news for oil investors: the black stuff was up almost $1 a barrel, or 1.92 per cent, in afternoon trading, after figures showed US inventories had declined for the second week in a row, while Saudi Arabia announced plans to raise prices – but only for its Asian customers . Brent [...]
August 2015 TfL Tube strike chaos: These companies are helping you get through the Tube strike August 5, 2015 The Tube strike starts tonight (5 August) at 6:30pm and will last until Friday morning. While Transport for London is doing its best to issue travel advice and digital companies are offering help to avoid the queues, we are going to need a little bit extra to get through the next couple of days. These companies [...]
British people’s confidence in the economy has soared in the last two and a half years August 5, 2015 British people's confidence in their economy is currently at its highest in five years, according to a global poll by Ipsos Mori. Read more: Surveys reveal UK consumers are optimistic on the economy Half of UK respondents in the July survey said they thought their economy was in good health – up from just [...]
Tube strike August 2015: London needs to call in retired drivers as a contingency plan to keep the capital running August 5, 2015 When the RMT leadership branded the mayor’s Night Tube plan as a “vanity project” that should be shelved, we reached a crunch point. The militant rail unions have inflicted misery on London commuters and have caused untold damage to the capital’s economy through disruptive strikes in recent years, the latest due this evening over the [...]
August 2015 TfL Tube strike: Union RMT wants pay rises in line with house price growth August 5, 2015 Transport union RMT has given a rare level of detail into one of its demands over the Night Tube – namely that it is seeking pay rises of up to 25 per cent for the five years. The union has put together a detailed flyer “for the public” to explain why Tube workers are [...]
Bank of England Super Thursday: Here’s everything you need to know August 5, 2015 Economists, analysts and investors across the City are busily preparing for Super Thursday. Rather than having a fortnight to digest various releases from the Bank of England, they'll be hit with the central bank's interest rate decision, minutes of the meeting and new economic forecasts all at once. The Bank ended what governor Mark Carney [...]
US jobs growth slows in July, sending dollar lower August 5, 2015 Private sector employment in the US increased by 185,000 jobs in July, short of economists’ expectations, sending the dollar lower. The increase was the smallest rise since April. In June, the figure rose by 229,000, revised down from 237,000. The dollar took a battering on the data release, with the euro gaining nearly half a [...]
Bank of England’s Ian McCafferty says interest rates could rise this year “data dependent” August 5, 2015 The Bank of England's Ian McCafferty reportedly said interest rates could rise before the end of this year depending on the strength of future economic data. "Financial markets still believe that an interest rate rise is unlikely until May or June next year, and economists suggest February or March," The Courier said he told the Dundee [...]
August 2015 TfL Tube strike: Union RMT calls for Night Tube to be suspended, blasting it as “vanity project” and “fundamentally flawed” August 5, 2015 RMT has called for Boris Johnson and Transport for London to suspend the Night Tube “vanity project” ahead of this week's strike action. The transport union claimed the Night Tube – which is at the centre of the ongoing dispute – was “fundamentally flawed from top to bottom”, saying it could cause “breakdowns and [...]