At the close: China concerns push FTSE 100 to finish down October 14, 2015 The FTSE 100 closed down for the third session in a row on Wednesday following data from China that showed deflationary pressures mounting. The index was 1.15 per cent lower at the close, at 6,269.61 points. Stocks with exposure to China fell, including Standard Chartered and luxury retailer Burberry Group, which ended the session 1.46 per cent [...]
Everything you need to know about the SABMiller and AB InBev deal: What happens next? October 14, 2015 SABMiller's board has given a conditional nod to AB InBev's cash offer of £44 a share, with a partial share consideration of AB InBev shares for stakeholders Altria and BevCo to reduce their tax liabilities. The London-listed brewer has also given its approval to move the deadline for a firm offer back to 5pm on 28 October. [...]
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Record number of people doing apprenticeships in the UK October 14, 2015 An unprecedented number of people are now doing apprenticeships in the UK, according to the department for Business, Innovation and Skills (Bis). Provisional figures for 2014/2015 show that more than 872,000 people were employed by government-funded apprenticeship schemes over the 12 month period, up from 851,000 the year before. Five years ago the number of [...]
Rita Ora gave a show-stopping performance at Google’s Brandcast party last night October 14, 2015 Organisers at Google’s Brandcast event last night were keen to talk about pop diva Rita Ora’s “sultry” headline performance, but the real heat was to be had in the ongoing battle for brand advertising budgets between YouTube and our domestic television commercial teams. Google UK and Ireland boss Eileen Naughton prepared attendees for a “small-screen [...]
Drop in Eurozone industrial production points to lack of momentum in the economic growth October 14, 2015 Industrial production in the Eurozone took a breather in August as it failed to add momentum to its lacklustre recovery. Industrial production – which includes manufacturing, mining and energy production – dropped 0.5 per cent in August compared with July, according to data published by European statistical office Eurostat this morning. Of the big four [...]
What the Alison Sharland and Varsha Gohil divorce ruling means for wealthy individuals October 14, 2015 Even after a divorce is settled, this ruling means that former spouses who are able to prove their ex-partner deliberately obscured their full financial position could seek an appeal, with their divorce settlements re-examined and potentially renegotiated. For example, divorcees who may have hid behind the discretionary nature of a bonus and therefore deliberately under-disclosed [...]
Night Tube could be delayed indefinitely as impasse reached between TfL and unions October 14, 2015 NULL
EU referendum: Lloyds Banking Group chairman says UK-EU relationship is unsustainable and Brexit wouldn’t hurt the economy October 14, 2015 Lloyds Banking Group chairman Lord Blackwell has called the UK-EU relationship “increasingly unsustainable”. Speaking in the House of Lords yesterday, the Conservative Peer advocated for “significant change in the current treaty arrangements”. “The current position of the UK, bound by the same treaties and institutions, may become increasingly unsustainable,” he told peers. “I don’t agree [...]