US Federal Reserve September meeting minutes: Members worried about low inflation October 8, 2015 The US Federal Reserve held off raising interest rates in September due to concerns about low inflation. The minutes from the meeting on September 16 and 17 released today showed some Fed officials said they weren't any more confident that inflation would return to the target of two per cent in the next two years. [...]
DFS share price grows as furniture chain reports rising sales and profits October 8, 2015 Furniture chain DFS posted a surge in sales and profits yesterday in its first set of full-year results since its £540m market debut in March. The sofa specialist said pre-tax profits trebled to £10.7m in the year to August from £3.6m last time. Five store openings and strong trading across its Dwell and Sofa Workshop [...]
UK retailers enjoy best September in three years with sales up 2.8 per cent – BDO October 8, 2015 Shoppers flocked back to the high street last month after a weak August as retailers enjoyed their best September performance in three years. UK retail sales rose by 2.8 per cent year-on-year – the best figures for the month of September since 2012 and the highest monthly rise since April last year, BDO’s monthly High [...]
Amazon Fresh launches in London: Some postcodes now get one-hour chilled and frozen food deliveries through Prime Now October 8, 2015 Amazon is delivering fresh chilled and frozen food in selected London postcodes for the first time, testing out the waters for Amazon Fresh. A fresh pint of milk, tub of Ben and Jerry's or a packet of fish fingers for tea can be on some Londoners' doorsteps in less than 60 minutes with the new delivery service [...]
London Stock Exchange Group to sell Russell Investments for £752m October 8, 2015 The London Stock Exchange Group has agreed to sell asset manager Russell Investments to US private equity firm TA Associates for £752m. The London Stock Exchange initially announced its intention to sell Russell Investments, which it acquired when it bought the Frank Russell investment firm last year, in February. The group expects the index business to be completely separated from Russell Investments [...]
This is the BBC Trust’s response to the government’s green paper on Royal Charter review October 8, 2015 Four out of five people believe the BBC should remain independent from politics according to research by the BBC Trust, which it has submitted to the government as part of its response to the broadcasters' charter renewal. More than 40,000 responses from the public have informed the Trust's formal submission to the government green paper, for [...]
Samsung reassures customers after hack of Samsung Pay provider LoopPay is uncovered October 8, 2015 Samsung has reassured customers after it was revealed that the company’s new mobile payment system’s provider was hacked for months. LoopPay, the company that provides integral technology to Samsung’s mobile payment system, was infiltrated by Chinese hackers in February, the New York Times revealed yesterday. The hackers had access to the network since at least [...]
FTSE closes higher after Bank of England keeps rates unchanged October 8, 2015 Britain's blue-chip index closed up 0.6 per cent to 6,374.82 points today, after the Bank of England (BoE) voted 8-1 in favour of holding interest rates at a record low 0.5 per cent. The Bank's monetary policy committee – which is charged with setting interest rates – pushed back its forecast for when inflation will return to [...]
The plot thickens: Now Bill Gross sues Pimco for “hundreds of millions of dollars” October 8, 2015 Recently-departed Pimco boss Bill Gross has filed a lawsuit against the company he founded and its parent company, Allianz, for at least $200m (£130.6m), accusing them of pushing him out. In a filling submitted to a California State court, Gross accuses "a cabal" of Pimco bosses of "plot[ting] to drive [him] out of Pimco in order to take, without compensation, [...]
Britons’ worries about cyber attacks grow after high profile hacks against Ashley Madison and Carphone Warehouse October 8, 2015 Fear of exposure to cyber crime is growing, on the back of several recent high-profile hacks that have left 71 per cent of British workers worried that data theft is “inevitable”. In August hackers exposed private information about 37m users of adultery website Ashley Madison. Not long after, a data breach at Carphone Warehouse put [...]