Fed rate hike expectations: Cheap oil and strong dollar blot outlook for Federal Reserve interest rates decision September 16, 2015 Clouds are gathering over the US economy as the release of bearish data spooks investors ahead of tomorrow’s highly anticipated Federal Reserve interest rate decision. Manufacturing output contracted by 0.5 per cent in August, according to Federal Reserve data released yesterday – the sector’s biggest output decline since January 2014. Industrial production, which includes [...]
Flexible working may be on the up but we’re not there yet September 16, 2015 It’s great that more men and women in the City are working flexibly. But could more work be done flexibly? I reckon that employers who are still blocking flexible working requests are missing a trick or two. Since June 2014 all employees with at least 26 weeks’ employment can make flexible working requests under a [...]
Government tax credit cuts get the stamp of approval from MPs September 15, 2015 CHANCELLOR George Osborne’s proposals to cut tax credits have been approved by MPs, despite strong opposition from Labour and the SNP. In his emergency Summer Budget, Osborne announced plans to lower the earnings threshold above which tax credits are withdrawn, and said he would speed up the rate at which the benefit is lost as [...]
LSE looks ahead after it sells tech company September 15, 2015 LONDON Stock Exchange Group yesterday confirmed the sale of its market data provider Proquote to IRESS, an Australian financial software firm. The group said Proquote, which it has owned since 2003, “was not central to its strategy going forward for the enlarged Information Services Division”. The Australian firm said the move was part of its [...]
Better use of brownfield sites could help to deliver an extra 1.4m homes for Londoners September 15, 2015 AN EXTRA 1.4m new homes could be built across London by making better use of brownfield land, new research from London First and property advisers Savills has found. The report argues that London is not as dense as other major cities such as Paris and that outer London areas, including Tottenham, Hounslow and Old Oak [...]
Do your homework: The best value areas near to the UK’s top-performing schools September 15, 2015 THERE are many factors that come into play when trying to find the perfect house, and location is always one of them – not least when it comes to school catchment areas. But sometimes the premium you pay to get near a school might not be worth it – perhaps the school doesn’t really perform [...]
City boss wants MPs as interns so they can deal with the paperwork September 15, 2015 Property group Panther Securities issued its interim results yesterday and, rather than praising the firm’s nearly £4m profit for the first half of the year, chairman Andrew Perloff took the opportunity to bemoan the unnecessary amounts of paperwork needed for his teenage daughter to sign her summer job contract (but he needed to write on [...]
Eurozone in fine fettle but China dents sentiment September 15, 2015 Evidence that the Eurozone is recovering strongly after years of economic stagnation is piling up. However, investors are on the cautious side in case events in developing economies throw the recovery off track. Eurozone goods exports to the rest of the world grew strongly in July, reaching €185.2bn (£136.9bn), according to figures released yesterday by [...]
Tethys shares jump after Nostrum reveals offer is yet to be accepted September 15, 2015 NOSTRUM Oil & Gas revealed yesterday that its offer to take over Tethys Petroleum has not yet been accepted, with the two companies unable to agree upon the terms of the proposed deal. Shares in Tethys closed up by 7.89 per cent yesterday, at 5.12p, while Nostrum’s shares rose by 0.48 per cent. Asia-focused Tethys [...]
City Moves for 16 September 2015 | Who’s switching jobs September 15, 2015 BARCLAYS Ian Gilmartin has been appointed head of retail and wholesale for Barclays’s corporate bank. He has over 20 years’ experience and has spent the past five years as part of the leadership in Barclays’ retail and wholesale team. Gilmartin has also held roles at Dresdner Kleinwort Benson and Allied Irish Banks. DELOITTE The business [...]