IG Group posts £20m jump in revenue after summer of volatility September 22, 2015 ONLINE trading firm IG Group reported a 24 per cent jump in revenue during the first quarter of its 2016 financial year, up to £106m from £85.6m in the same period of last year. Revenue in the UK and Ireland was up by 23 per cent, to £56.4m, “driven by growth in both active client [...]
US house prices up but factory output suffers September 22, 2015 House prices in the US are nearly back up to the peak they hit before the 2007-8 financial crisis, according to figures released yesterday, while slow manufacturing data reflects the impact of weak global growth on the US economy. Prices climbed 0.6 per cent in July compared with June, according to figures published yesterday by [...]
City Moves for 23 September 2015 | Who’s switching jobs September 22, 2015 TAYLOR WESSINGThe law firm has announced the appointment of David McCluskey as a partner in its disputes and investigations team. He joins from Peters & Peters, where he was a partner in its business crime team. McCluskey acts for professional and corporate clients in business crime and regulatory investigations, and he recently successfully defended Fergus [...]
Volkswagen crash hurts Wall St indices – New York Report September 22, 2015 A SELL-OFF in commodities dragged down materials shares yesterday, while Volkswagen suppliers’ shares dropped following the German carmaker’s emissions scandal. The Dow Jones industrial average fell 179.72 points, or 1.09 per cent, to 16,330.47, the S&P 500 lost 24.23 points, or 1.23 per cent, to 1,942.74 and the Nasdaq Composite dropped 72.23 points, or 1.5 [...]
Why the future of fintech (and financial services) is collaborative September 22, 2015 The UK is fast becoming one of the world’s leading fintech centres. So it was fitting that, last week, investors, consultants, multinationals, startups and entrepreneurs gathered in London’s East End for FinTech Week 2015: an event where attendees could share ideas, network and, most importantly, do business together. The expo focused on how to [...]
IMF’s Christine Lagarde says downside risks to global growth increased September 22, 2015 International Monetary Fund (IMF) boss Christine Lagarde today warned that the downside risks to the global economy have increased. "The downside risks are greater than they were," Lagarde said at a Brookings Institution event on global economic growth. She cited the commodity price rout, monetary policy realignment, as well as China. Fresh concerns over the [...]
MPs should be banned from all paid advisory work, claims Transparency International UK September 22, 2015 MPs should be banned from doing all paid advisory and consultancy work relating to parliamentary business, according to Transparency International UK, which claims current rules are "not fit for purpose". The anti-corruption group said there was a “significant risk of conflicts of interest” in the current status quo, estimating that £3.4m was paid to 73 [...]
UK cider producers fizz upwards to hit record high as sales near £1bn September 22, 2015 The UK cider industry is enjoying the sweet taste of success, as producers have climbed by 50 per cent in the past five years. Medium and large-scale producers numbered 150 across the country last year, up from 97 in 2010, figures from HM Revenue & Customs (HMRC) show, which also show there are also some [...]
Workplace bullying and harassment rife as one in two UK women experience sexual harassment in the office September 22, 2015 “In many respects, women are people too.” “Bisexuals are just greedy.” What’s the most offensive comment you’ve overheard at your office? Solicitor firm Thomas Mansfield asked this question in a survey and responses came pouring in. An image campaign of some of the worst responses illustrates that workplace bullying is a big problem. According to [...]
Apple rickrolls us all through the Apple Watch… again September 22, 2015 If you thought the folk at Apple were a serious po-faced bunch, think again – they're rickrolling everyone… and not for the first time. Rickrolling, if you're not familiar, is an internet phenomenon whereby people share a link to something – an article, video, picture, for example – but it turns out, in fact, to [...]