EU referendum Yes campaign: London’s small businesses want to stay in the EU September 17, 2015 More than half of small businesses in the capital would vote for Britain to stay in the European Union, according to a new survey out today from the Federation of Small Businesses (FSB). The FSB, along with the independent research agency Verve, polled more than 6,000 members between June and July of this year, finding [...]
A sharper slowdown in China could derail the global economic recovery September 17, 2015 A slump in China poses a major threat to the global economy, especially if financial markets deteriorate further, the Organisation for Economic Cooperation and Development (OECD) said yesterday. China’s economy is expected to grow 6.7 per cent this year and 6.5 per cent in 2016, representing a slowdown from recent years’ growth. Some [...]
London is prime destination for foreign ventures September 17, 2015 London is the greatest city in the world at attracting foreign investment, according to new research. The capital left the likes of Paris, Singapore, Chicago and Dubai far in its wake for the seventh year running in 2014, according to the ranking from tech giant IBM. Foreign investment has generated 11,300 London jobs [...]
Nearly 41 per cent of small firms want to leave the EU September 17, 2015 Nearly 41 per cent of small firms want to leave the EU research released by the Federation of Small Businesses (FSB) today has found. The FSB found that 47 per cent of its members surveyed wanted to stay in the 28-member bloc, while 10.7 per cent of members were undecided. Exporters and employers of non-UK EU [...]
Fracking could help the UK meet its low carbon targets, says report September 16, 2015 Shale gas should be used to help the UK transition to more renewable energy sources and the revenue it generates can be invested in low carbon technologies, a new report has said. “The evidence is clear that it is not feasible to create a renewable and low carbon industry in the short term in the [...]
Energy costs fall to dampen rises over Eurozone September 16, 2015 A STEEP drop in energy prices held down prices in the Eurozone in August, according to figures released yesterday by Eurostat, with officials dropping further hints that stimulus measures could be beefed up if necessary. Energy prices fell 7.2 per cent in July compared with the same month last year, dampening overall annual inflation which [...]
Eurozone prices rise amid hints of policy boost September 16, 2015 A STEEP drop in energy prices held down prices in the Eurozone in August, according to figures released yesterday by Eurostat, with officials dropping further hints that stimulus measures could be beefed up if necessary. Energy prices fell 7.2 per cent in July compared with the same month last year, dampening overall annual inflation which came [...]
City Moves for 17 September 2015 | Who’s switching jobs September 16, 2015 STANHOPE CAPITAL The investment office has appointed Bernard Kalfon as partner to develop its private and institutional client base outside the UK. He has over 20 years’ experience and has held roles at Société Générale Asset Management, Salomon Brothers-Citibank, and Bear Sterns. In 2009, he co-founded Nexar Capital Group. INVESTEC PRIVATE OFFICE Rafe Garvin has [...]
Energy firms push index up – New York Report September 16, 2015 Energy stocks pushed Wall Street higher yesterday due to an almost six per cent jump in oil prices. However, many investors stayed on the sidelines ahead of today’s Federal Reserve decision on interest rates. The Dow Jones industrial average closed up 140.1 points, or 0.84 per cent, to 16,739.95, the S&P 500 gained 17.22 points, [...]
US interest rate rise 2015: Dollar droops ahead of the Federal Reserve’s big decision September 16, 2015 The dollar tumbled with less than a day to go until the Federal Reserve makes its big decision, falling one per cent against the pound. With the dollar dropping against 15 of the 16 major currencies tracked by Bloomberg, the biggest winners were the pound, gaining one per cent, and the South African rand, gaining [...]