Black Friday 2015 UK predictions: This year’s event is gearing up to be the UK’s first ever £1bn shopping day October 14, 2015 With the mania of Black Friday less than two months away, UK shoppers are getting ready to spend more money than they ever have before in one day. Retailers are braced for the biggest shopping day of the year, after last year’s frenzy shocked many unprepared sellers – and this year sales are set to [...]
London’s just been named the world’s most powerful city for the fourth time in a row thanks to its strong economy October 14, 2015 Rejoice, fellow Londoners, for our fair city has been ranked number one in an index of the world's most powerful cities for the fourth time in a row, largely thanks to its strong economy. Negative inflation? What negative inflation? The Global Power City Index, by the Mori Memorial Foundation's Institute for Urban Strategies, ranks cities by [...]
Canary Wharf tube driver get sassy with workers following “carnage” on the platforms October 14, 2015 Canary Wharf’s tube workers appear to have the most sass of all TfL’s staff. For all the suits, brylcreem and male pattern baldness that make up Canary Wharf's backdrop, you’d be forgiven for thinking that those in finance are mature, responsible adults. However, one tube driver on the Jubilee line was extremely disappointed [...]
Hargreaves Lansdown share price rise as it issues record first quarter results ahead of Lloyds Banking Group share sale October 14, 2015 Hargreaves Lansdown's share price jumped as it released record inflows for the first quarter, and issued a bullish outlook for the financial year ahead, thanks to next spring's Lloyds Banking Group share sell-off. The figures The Bristol-based group attracted a record 47 per cent new business inflows of £1.43bn for the three months to 30 September on the same period last [...]
Black Friday 2015 UK date and deals: The best offers to expect on 27 November, plus who were the winners and losers from last year October 14, 2015 Black Friday is less than seven weeks away – it falls on 27 November this year – and already consumer sites are full of predictions for which deals we'll be falling over ourselves (and other people) to pick up in 2015. We spent £810m last year, with John Lewis celebrating its biggest sales week of [...]
Chinese economy: Weak inflation figures rekindle investors’ worries over China slowdown October 14, 2015 Weak data from China pulled Asian markets down overnight, as consumer inflation fell back and producer prices continued their deflation unabated. The country’s consumer price index fell from its 13-month high of two per cent in August to 1.6 per cent in September, dragged by slowing food prices. This is lower than economists had predicted, as [...]
Will Waterstones’ e-books dump be a page-turner? October 14, 2015 Waterstones’ announcement last week that it would stop selling e-readers shows the major bookseller’s resilience in the face of growing online market penetration. The move comes after a few years that have seen the retailer dramatically cut its losses and amid hopes that 2016 is the year it finally returns to the black. [...]
China woes and miners’ troubles weigh on index – London Report October 14, 2015 MIXED Chinese economic data and falls in mining shares weighed on the FTSE 100 yesterday. However, declines were mitigated somewhat by a surge in drinks group SABMiller following a new takeover proposal from rival AB InBev. The blue-chip index, which fell on Monday to end an eight-day winning run, was down 0.5 per cent at [...]
Best of the Brokers for 14 October 2015 October 14, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DIAMONDCORP Panmure Gordon has downgraded its target price to 16.5p from 23p previously after a change in analysts at the firm. Despite its caution over diamond pricing in 2015, Panmure Gordon believes DiamondCorp remains a “special situation” ahead of the start of production. [...]