UK house prices: Nationwide says house price growth is stabilising August 4, 2015 UK house prices are back in growth, with the UK average increasing by 0.4 per cent in July, following a 0.2 per cent dip in June, according to the Nationwide House Price index. The relatively modest month-on-month rise means that the annual pace of house price growth edged up to 3.5 per cent from [...]
ICE Brent crude oil falls below $50 a barrel August 4, 2015 Brent crude oil has fallen below $50 a barrel to hit a six month low. ICE September Brent crude, which acts as the global benchmark, fell 18 per cent in July. Having fallen by 4.64 per cent in the first session of August trading, it lost more than $2, falling to $49.58, its weakest price [...]
Oil plunges to below $50 due to glut worries August 4, 2015 GLOBAL oil prices dropped yesterday after a build up of fears that the over-supply already flooding the market is about to grow bigger. Benchmark brent crude dropped below $50 per barrel at one point. Trading was bearish in the first session since Iranian oil minister Bijan Namdar Zanganeh said on Sunday that the country is [...]
Three tips for negotiating a win-win deal August 4, 2015 Start off with the low-hanging fruit and know your red lines In business, negotiation is not always a zero-sum game. By treating proceedings as adversarial and hostile, you risk walking away without knowing what you could have won. But with patience, strong research and a clear idea of your next best alternative, you can reach [...]
Is China fragile? It could well surprise us – CNBC Comment August 4, 2015 WITH earnings season in full swing, China remains the buzzword – but for all the wrong reasons. As analysts who have questioned the strength of the world’s second-largest economy start to look a lot less like Cassandras, the question remains: when will the Asian powerhouse stabilise? Short answer: it’s tough to tell at this stage. [...]
Black gold: As prices stay low, is $50 oil here to stay? August 4, 2015 Is $50 oil here to stay? Oil has dominated the headlines as persistently low prices continue. The halving of the oil price from over $110 a barrel last summer was widely expected to be a short-term blip. But one year on, prices remain depressed. Last week, Brent crude touched a five-year low of [...]
Best of the Brokers for 04 August 2015 August 4, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BG GROUP Canaccord Genuity reiterated its “hold” rating on the oil company after it produced better-than-expected results for the second quarter. The broker also noted that the firm’s strong performance sees production guidance for the full year set at the upper end of [...]
Commodity and oil heavy FTSE dragged down – London Report August 4, 2015 DATA showing an uptick in UK manufacturing growth in July did little to boost share prices yesterday, as mining stocks were impacted by weaker-than-expected manufacturing figures out of China. Global oil prices also fell yesterday, with benchmark brent crude dropping to below $50 per barrel, which pulled oil companies’ share prices downward. The FTSE 100, [...]