Three numbers that sum up the VW scandal September 30, 2015 11m [XX] per cent of total cars in the world 1.2m [XX] per cent of total cars in the UK
Uber at risk as Transport for London bows to pressure from taxi drivers and minicab firms September 30, 2015 Taxi drivers and rival minicab firms have been handed a boost after Transport for London (TfL) bowed to pressure and proposed a range of measures that would hammer much of Uber’s business model. A minimum waiting time of five minutes could become law – even if a car is immediately available – while sharing a [...]
Russia votes to put ground troops in Syria September 30, 2015 Russia's upper house has approved President Vladimir Putin's request to deploy ground troops to Syria. Lawmakers have given unanimous approval for the country's armed forces to enter the war-torn country, paving the way for a rapid intervention, Russia media is reporting. The Russian constitution requires the president to seek permission from the upper house before [...]
Nationwide: Annual UK house price growth edges up September 30, 2015 Annual UK house price growth rose in September for the first time since May, figures by Nationwide have shown – although the figure was a far cry from the same period this time last year. Prices rose 3.8 per cent in the year to September – up from August's 3.2 per cent, but considerably lower [...]
Glencore insists it is “operationally and financially robust” as share price continues to tumble September 30, 2015 Glencore has issued a statement insisting it is "operationally and financially robust" as the mining giant struggles to overcome its recent woes. The Anglo-Swiss commodities trader – whose share price has fallen more than 73 per cent since the start of the year, making it by far the worst performer on the FTSE 100 [...]
The graduate gender pay gap: What’s there to think about? September 30, 2015 Recently, the Institute for Fiscal Studies, Cambridge and Harvard Universities found that women earn, annually, 23 per cent less than men 10 years after graduating. The Office for National Statistics had estimated it at around 33 per cent. So, we're 10 per cent to the good. Unfortunately, we're still 23 per cent to the bad. That’s not good. The overall UK [...]
UK house prices: Home lending mortgage products reach post-crisis high September 30, 2015 The number of mortgage products on the market for homebuyers to choose from are at their highest level since 2008, as competition among lenders intensifies, new figures show. A total of 15,838 mortgage products were available in August, up 10 per cent on July when there were 14,395 products and the biggest monthly percentage rise [...]
Brokers can be sweary, but bankers have a lot to lose on social media September 30, 2015 Social media is a minefield in the City. A recent study has shown that recruiters will look through everything on LinkedIn, Twitter and Facebook – from political opinions to topless selfies. But according to London’s recruiters, brokers can get away with a lot more than the rest of the financial district. Financial recruiters [...]
Wolseley hits FTSE despite recovery in mining sector – London Report September 30, 2015 BRITAIN’S leading share index fell yesterday, with a rebound for the mining sector failing to offset the impact of a cut in revenue growth prospects from plumbing supplies group Wolseley and the ripple effect from a US healthcare sell-off. The FTSE 100 index was down 0.8 per cent at 5,909.24 points at its close, underperforming [...]
Best of the Brokers for 30 September 2015 September 30, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ROYAL DUTCH SHELL S&P Capital IQ upgraded its recommendation on the oil giant from “hold” to “buy” after the firm announced it was ceasing further exploration activity off the coast of Alaska for the foreseeable future following disappointing drilling results in the region. [...]