Manufacturers set for boost on positive data – London Report September 20, 2015 MANUFACTURERS could be set to receive good news on activity during September, although this may be tempered by the fact that foreign orders are still limited, while the public sector’s finances also improved slightly over the summer. Public finances data out tomorrow is expected to show ongoing year-on-year improvement in August. Economists estimate that public [...]
Fed’s decision gives housing stocks a boost – New York Report September 20, 2015 THE FEDERAL Reserve’s decision not to hike interest rates may have brought renewed volatility and a stock market selloff, but it also carved out breathing room for a couple of sectors: dividend payers and housing stocks. With 10-year Treasuries now yielding around 2.14 per cent, the 2.2 per cent dividend yield of the overall S&P [...]
City comes together again to raise funds for our heroes September 20, 2015 It’s that time again – when the cream of the culinary world are pulling out all the stops to lay on a lavish bash to raise funds for our service men and women and their families. This time Square Mile Salute are recreating the exclusive world of The Birley Clubs in the City’s historic seat [...]
Greek election September 2015: Tsipras’ Syriza party looks set to return to office after New Democracy concedes defeat September 20, 2015 Greek prime minister-elect Alexis Tsipras said he felt he'd been "vindicated" by the electorate, after his leftist Syriza party secured an unexpectedly strong election win. "In Europe today, Greece and the Greek people are synonymous with resistance and dignity, and this struggle will be continued together for another four years," he told a cheering crowd in Athens. [...]
An enduring bond September 20, 2015 Aston Martin’s Simon Sproule talks balancing growth and exclusivity THE UK has long distinguished itself as a leader in luxury goods. Increasing wealth in the Gulf states and the Far East has opened up opportunities in new markets for high-end brands with a heritage. But when exclusivity is so important to a brand’s appeal, pursuing [...]
How to run a company with your other half: No business in the bedroom and remember that they can’t mind-read September 20, 2015 Entrepreneurial Britain has seen a boom in family firms over recent years, with a fair share being husband and wife duos. For some, the decision to go into business with a spouse is a logical one. For others, it’s a recipe for disaster. So how do you survive managing a business with your significant other? [...]
O2 could become a public company after merger with Three September 20, 2015 O2 could become a public company after Hong Kong investment group CK Hutchison completes its acquisition of the network operator from Telefónica. CK Hutchison, owned by Asia's richest man, Li Ka-shing, plans to merge O2 with its three network subject to regulatory approval. The deal has stoked competition concerns, because it would mean mobile tariffs [...]
Portugal’s election race overshadowed by political risk September 20, 2015 Portugal's election race is taking place amid mounting political risk, which could jeopardise the country's recovery from its debts crisis, as polls suggest that no party is on course to achieve a majority government. Prime Minister Pedro Passos Coelho has accused the main opposition Socialist leader, Antonio Costa, of "promising instability". Costa has vowed to [...]
Greek Election sesults: Alexis Tsipras’ Syriza returns victorious but will it honour promises of stability and sea-change? September 20, 2015 This weekend Alexis Tsipras’ Syriza secured another resounding endorsement – the third in nine months – despite his about-turn which saw him sign a tough bailout memorandum, lighter versions of which he – and the electorate – had previously opposed. In total 24 political parties contested yesterday’s elections, the fifth in six years and the [...]
Chancellor George Osborne is optimistic about the slowing Chinese economy September 20, 2015 Chancellor George Osborne has said he isn't worried about China's slowing economy, which is undergoing a period of very challenging but necessary transformation. Renewed fears over the health of the world's second biggest economy rippled through global financial markets this summer. "Black Monday" wiped nearly $300bn (£193bn) off the value of Chinese shares, while US, Europe, Japan [...]