Global steel price drops to lowest level in over a decade September 30, 2015 It's been a bad month all round for commodities, and steel is the latest metal to show the scars of economic turmoil. The overall price of the commodity dropped to its lowest level in 11 and a half years in September, according to the MEPS steel price index. Read more: SSI to close Redcar [...]
Standard & Poor’s thinks the European Central Bank will extend its quantitative easing programme September 30, 2015 Credit ratings agency Standard & Poor's (S&P) has said it sees signs the European Central Bank (ECB) could extend its quantitative easing programme beyond September 2016. S&P said the euro has strengthened against the currencies of slowing emerging market economies. This will make it harder for the ECB to meet its inflation target of just [...]
Rio Tinto sells Australian coal mine Bengalla for $606m September 30, 2015 Mining giant Rio Tinto is selling its stake in its Australian coal mine Bengalla for $606m (£399m). The 40 per cent stake has been bought by specialist miner New Hope Corporation. Bengalla is the smallest of three coal mines in the Hunter Valley in which Rio Tinto holds an interest. Deutsche Bank advised Rio on [...]
What the UK could learn about the Internet of Things from India’s smart cities September 30, 2015 The term smart city has been thrown around for a while now. Many still view it as a futuristic concept that won’t see light of day in our lifetime. But across the world, these smart cities are being created, and in places that you might not expect. Take India for example. The country’s first smart [...]
Iran nuclear deal: Oil boss Ian Taylor “can’t see” sanctions being lifted till next year September 30, 2015 The Iran nuclear deal may have been reached two months ago, but economic sanctions against the Middle Eastern country are likely to remain in place until February or March next year, the boss of a multinational commodity trader has warned. At the Kazenergy forum in Astana, capital of Kazakhstan's capital, Vitol chief executive Ian [...]
If the chancellor doesn’t prioritise science investment, the rest of the economy will suffer September 30, 2015 There are three ways to grow: do more work for the same money; do the same work for less money; or increase productivity through science and innovation. In an increasingly competitive global economy, the UK must play to its strengths, and cheap labour isn’t one of them. We must instead support science and engineering, [...]
Best mobile network for Londoners: EE and Vodafone crowned winners of first London stress test September 30, 2015 EE and Vodafone have been crowned the best mobile networks for Londoners in the first performance stress test focusing specifically on the capital. Mobile performance tends to… vary between urban and rural areas, to say the least, but now a London winner has finally been found. Providers were put to the test across London’s urban [...]
PPI-related complaints against UK banks falling September 30, 2015 Customer complaints about payment protection insurance (PPI) are falling, according to new financial regulator figures which hint that the fallout from banks’ mis-selling of PPI is beginning to settle. PPI-related complaints remain the biggest source of grumbling among customers in the aftermath of the scandal, but they’re down 17 per cent in the first six [...]
London house prices: This London Underground map shows average rent at each Tube stop on the District, Central, Northern, Victoria, Piccadilly, Bakerloo, Jubilee and Metropolitan Line September 30, 2015 Ever wanted to know where in London offers the best trade off between commute time and how much you spend on your flat or house? A new map has been put together that could help with exactly that conundrum. Property search engine Find Properly has crunched the numbers to create an interactive graphic [...]
How deep will you dig on City Giving Day? September 30, 2015 I doubt I’ll ever forget the sight of Lawson Muncaster, our MD and co-founder, abseiling down the Lloyd’s building earlier this month. Nor will I forget the support given to him by the waiting crowd of City A.M. staffers, cheering him on from street-level. It seems the Lord Mayor’s City Giving Day has [...]