JP Morgan statement on death of man at Canary Wharf office January 28, 2014 JP Morgan has released a brief statement on the news this morning that a man in his 30s has fallen from from the roof of the bank’s Canary Wharf office. "We are reviewing a very sad incident at 25, Bank Street this morning,” the bank said. It is understood that no news on the man’s [...]
Largest Nordic bank goes bearish on Bitcoin January 28, 2014 In a fresh blow for Bitcoin the largest Nordic foreign currency trader SEB has rejected requests from customers to set up accounts to manage Bitcoin. The bank is concerned that software associated with the digital currency may be used to engage in illegal activities. Johan Andersson, chief risk officer at SEB, said in response to [...]
Man dies after fall from JP Morgan roof January 28, 2014 A man has died after falling from the roof of JP Morgan's Canary Wharf office. He was pronounced dead at the scene on Bank Street at just after 8.00am this morning, according to police. A police spokesman said that "we believe we know the identity of the deceased but we await formal identification". "Officers from [...]
India hikes interest rates again. Will Turkey be next? January 28, 2014 As markets jitter from the tumult seen in emerging markets over the last few days, India has made the surprise announcement that it’s raising interest rates in a bid to quell inflation and respond to a vulnerable rupee. The Reserve Bank of India’s (RBI) has raised the benchmark repo rate – the amount at which it [...]
Growth strong but slowing: GDP up by 0.7pc in final quarter of 2013 January 28, 2014 UK GDP grew by 0.7 per cent in the final quarter of 2013, according to the Office for National Statistics' first estimate. The previous quarter saw GDP grow at a slightly stronger 0.8 per cent. Growth was seen across all four quarters of 2013. That brings year on year real GDP growth up to 2.8 [...]
Ukraine prime minister Azarov resigns January 28, 2014 With Ukrainian MPs set to vote on scrapping a new anti-protest law this morning – in response to the continuing unrest in the country – news that prime minister Mykola Azarov has resigned has just broken. According to Ukraine's government website, the press service of the Cabinet of Ministers of Ukraine has reported Azarov's resignation. He said [...]
F&C shares jump on £708m sale to Canada’s BMO January 28, 2014 F&C Asset Management, one of Britain’s oldest investment companies, has confirmed the clinching of a deal with Canada’s Bank of Montreal (BMO), which has acquired it for £708m. It's hoped that the agreement will bring some calm to F&C, which has seen a turbulent last few years. Shares are currently trading up four per cent [...]
What you need to know before the open – 28/01 January 28, 2014 A mixed open for European markets today – slightly less jittery after Asian counterparts showed some signs of stability in Tuesday trading. Today’s UK GDP numbers are expected to show that the economy grew 0.7 per cent in the fourth quarter – that’s 2.8 per cent when annualised, which would be the best number since [...]
Carpetright issues second profit warning as Netherlands business wears thin January 28, 2014 Flooring specialist Carpetright has issued a second profit warning this morning, as its Netherlands arm saw a “further deterioration”, with “extremely difficult economic conditions” persisting in the third quarter (13 weeks to 25 January). It expects full year underlying pre-tax profit to be "below the lower end of current market expectations." Carpetright, which operates in the [...]
Buoyant property market brings good news for British Land January 28, 2014 Property giant British Land has reported like-for-like occupancy up 0.3 percentage points to 97.1 per cent and overall occupancy including recently completed developments at 96.5 per cent, according to its interim management statement for the quarter to 31 December 2013. British Land saw £405m of sales since the end of the half year (£122m since [...]