FTSE stumbles over corporate results and commodity falls – London Report July 21, 2015 BRITAIN’S top share index edged lower yesterday as a mixed set of corporate results and lingering concern over commodity price falls outweighed a rebound for gold-mining companies and a rally in car insurers. The FTSE 100 index closed down 0.29 per cent at 6,769.07p after gaining 0.2 per cent in the previous session. EasyJet was [...]
Dow falls on low earnings – New York Report July 21, 2015 US STOCKS fell yesterday following results from IBM and United Technologies that dampened early optimism over earnings season. Investors were also awaiting quarterly profits from tech giants, including Apple and Microsoft. The Dow fell one per cent, to 17,919.29, with IBM and United Tech contributing around 118 points to the 181-point drop. The S&P 500 [...]
Knowing your flight rights: Passengers can be entitled to compensation when planes are delayed, cancelled or overbooked July 21, 2015 With the holiday season now in full swing, many people will have to face the inevitable: delays at airports and disappointment with hotels. Europe’s skies are more crowded than ever before. During July an average of 30,000 flights cross European airspace daily, and delays to one have a knock-on effect for other scheduled flights. [...]
The social media secrets you need in the workplace July 21, 2015 Stock CV phrases and revealing photos will get you nowhere Should you accept your boss’s Facebook request? Is a Twitter account best kept work-related? With social media now dominating our lives both at home and in the workplace, getting the balance right is imperative. So if you want to avoid a sticky situation, what [...]
George Osborne’s train named Northern Powerhouse breaks down three times in four months July 21, 2015 Is the Northern Powerhouse running out of steam already? Back in March chancellor George Osborne renamed a refurbished Class 319 electric train operated by Northern Rail, the 'Northern Powerhouse' – supposedly as a symbol of the transformation he is pushing for northern England with his multi-billion Northern Powerhouse project. But the train has broken down [...]
Microsoft share price slides as revenue continues to fall despite growth in cloud computing ahead of Windows 10 launch July 21, 2015 The figures Microsoft’s reported sales down over five per cent compared to the same period last year. The software giant’s revenue was down to $22.18bn, roughly in line with analysts’ forecasts. At $0.62, the company’s earnings per share were slightly higher than analysts’ expectations of $0.58. Revenue from cloud-based computing was up 88 per cent [...]
S&P gives Greece credit upgrade as default “no longer inevitable” after bailout deal and repayments to International Monetary Fund and European Central Bank July 21, 2015 Some good news at last for Greece after the past months’ Eurozone drama over the indebted country. Ratings agency Standard & Poor has upgraded its rating after default was avoided and a deal struck with its lenders to discuss conditions for a third bailout. S&P lifted Greece’s rating from CCC- to CCC+ and changed the [...]
Citigroup slapped with $70m fine and ordered to repay credit card customers $700m July 21, 2015 At least it's not just European banks being slapped on the wrist by US regulators. Citigroup has been hit with a $70m (£45m) fine and ordered to pay $700m in remediation to customers after a review into how it sold credit card products. Read more: Citi to exit consumer banking in 11 territories The bank said [...]
Chancellor George Osborne defends bank surcharge at Treasury Select Committee grilling July 21, 2015 MPs of the Treasury Select Committee have grilled chancellor George Osborne, questioning him on a variety of issues, including the new bank tax. Led by Mark Garnier, the chancellor was asked to explain his justification for replacing the bank levy with a new surcharge. At the committee hearing, Garnier said: I welcome the change of [...]