Cost of raising a child surges past £227,000 January 23, 2014 THE COST of raising a child and supporting them through university has risen by almost £5,000 over the past year to £227,266, according to figures put together by the Centre for Economics and Business Research (CEBR). The research, commissioned by insurer LV, said a seven per cent surge in the cost of childcare for children [...]
Bring your business back home, PM urges at Davos January 23, 2014 THE PRIME Minister will today promise a pro-business regulatory environment and cheap sources of energy, in a bid to tempt British companies to bring their operations backto the UK. In a speech in Davos this morning, David Cameron will make the case for re-shoring the nation by bringing manufacturing, call centres and head offices back [...]
Apple boosts screen sizes January 23, 2014 APPLE will release two more iPhone models with larger screens this year in an attempt to boost demand in Asian markets. The two models will have screens of 4.5 and five inches, according to the Wall Street Journal, up from the four inch screens that Apple currently produces. The phones already had their screens enlarged [...]
Labour to push for votes at 16 January 23, 2014 THE LABOUR party will lower the voting age to 16 if they form a government after the next election. Speaking today, shadow justice secretary Sadiq Khan will market the measure as part of Labour’s political reform package to “reconnect with the public”. “Giving 16 and 17 year olds the vote will energise young people, and [...]
Still no new boss for Microsoft January 23, 2014 Microsoft’s profits for the fiscal second quarter beat expectations last night, but the computer giant gave no further indication as to who would replace their outgoing chief executive. Microsoft reported a profit of $6.56bn (£3.94bn), or 78 cents per share, compared with $6.38bn, or 76 cents per share, in the same period one year ago. [...]
Slower growth for Starbucks January 23, 2014 Starbucks reported yesterday that sales at stores in its US-dominated Americas region cooled more than analysts expected in its latest quarter. The world’s biggest coffee chain boosted its 2014 earnings per share forecast to a range of $2.59 (£1.56) to $2.67, from $2.55 to $2.65 before, sending shares up 0.9 per cent to after hours. [...]
US Treasury’s new securities January 23, 2014 The US Treasury is launching its first new type of security in over 15 years at the end of the month, revealing a type of bond that pays varying interest as market interest rates rise or fall. The US government revealed that $15bn (£9.02bn) of the new floating rate notes (FRN) will be auctioned next [...]
What the other papers say this morning – 24 January 2014 January 23, 2014 FINANCIAL TIMES China is top gold consumer for 2013 China has overtaken India as the world’s largest gold consumer thanks to soaring purchases of jewellery, minted Panda coins and small gold bars. According to the Thomson Reuters GFMS gold survey, Chinese demand reached 1,189.8 tonnes last year, a 32 per cent year-on-year jump and a [...]
Privatisation on the cards for UK Land Registry January 23, 2014 THE FUTURE of the Land Registry was put under the spotlight yesterday, as the government announced the start of a consultation on ensuring the agency delivers “more efficient and modern services”. The Department of Business, Innovation and Skills (BIS) said that the government was considering “measures to enable the business of land registration to be [...]
House of Fraser plans London listing after Lafayette talks end January 23, 2014 HOUSE OF Fraser is planning to float on the London Stock Exchange after talks with French rival Galeries Lafayette failed to secure a sale. A source close the negotiations, said the owners of the department store chain felt they could get a better price for the company by floating on the open market. The float [...]