Numis share price jumps after broker posts five per cent increase in revenues October 6, 2015 Numis reported revenues were up five per cent in a trading update today, boosted by a stronger performance in the six months to the end of September. The broker and investment bank said it had completed 38 equity deals, including 11 IPOs, over the financial year, meaning for the third successive year it had raised [...]
Consumer Rights Act 2015 comes into force today, giving UK customers right to 30-day refund and new rights for digital purchases October 6, 2015 The 2015 Consumer Rights Act comes into force today bringing a raft of changes, from making it easier for shoppers to get a refund for a faulty app download, to paving the way for big US style class-actions. If a company is found to have breached competition law, by fixing prices, or abusing its dominant [...]
London business confidence dips amid rising wage costs, interest rates and Eurozone uncertainty October 6, 2015 London's businesses have reported a dip in confidence from the last quarter as they factor in rising employment costs, interest rate uncertainty and the political fall-out from Eurozone debates. The London Chamber of Commerce will release figures today showing the balance of companies that think the capital’s economic outlook will improve over the next [...]
Lack of super-fast broadband is holding back London businesses October 6, 2015 Tens of thousands of small businesses in London are being held back by “painfully slow” internet access. Despite London’s position as Europe’s leading tech city, Westminster City Council said less than half the borough, 47 per cent, has access to super-fast broadband. The problem is worse for SMEs, which account for 65 per cent of [...]
UK house prices expected to rise again over next 12 months – Halifax October 6, 2015 A looming interest rate hike has failed to dent the outlook for house price growth in the UK. Halifax’s quarterly housing market survey revealed house price inflation is at nine per cent yet optimism remains high, with 68 per cent of Britons expecting average property prices to be higher in 12 months’ time and [...]
Robert Walters share price jumps: UK financial services helps to lift recruitment firm’s profit October 6, 2015 Professional recruiter Robert Walters saw its UK profit climb sharply in the three months to September as it was buoyed by a strong labour market. Recruiters offer a timely barometer of the health of the economy in advance of the release of official statistics, and this time round profit from the UK jumped 15 per cent [...]
Standard Chartered is looking to set up an Indian subsidiary October 6, 2015 Standard Chartered is set to become the first major foreign bank to set up a subsidiary in India. The Financial Times has reported that the London-based bank is the only one of India's three big foreign lenders, which include HSBC and Citigroup, to agree to regulatory changes requesting foreign banks set up subsidiary companies. India [...]
Eurozone in sweet spot of recovery boosted by low oil prices and good exchange rate – EY October 6, 2015 The Eurozone is still in a “sweet spot” as it benefits from lower energy prices, a more competitive exchange rate and solid demand in the UK and US, according to forecasts from EY. In its EY Eurozone Forecast (EEF) for October, the financial services firm predicts that investment spending will pick up in 2016, which [...]
London property price boom is making flatshares unaffordable for the capital’s residents October 6, 2015 Not only is London the most expensive place to buy a property in the UK, and seemingly getting pricier all the time, it is also becoming increasingly difficult to live in a flatshare in the capital. The average monthly price for a rented room in London is £692.30, according to data from flatshare website [...]
UK economic growth is strong as the ONS reveals 89,000 new businesses were created this year October 6, 2015 Britain's economy is growing as new figures showing 89,000 new businesses opened between March 2015 and 2015 – a 3.8 per cent increase. The ONS reported that the number of businesses in the UK, which it defines as having VAT or PAYE systems, has been picking up since the recession as GDP increases. This year there [...]