London Report: FTSE in negative territory for 2014 as retail stocks fall January 8, 2014 THE top share index fell yesterday, slipping back into negative territory for the year, after concerns about a smoking ban in China knocked back tobacco companies and following a cautious outlook from Sainsbury. The FTSE 100 closed down 33.67 points, or 0.5 per cent, at 6,716.16. It remains pinned in a 70-point trading range this [...]
New York Report: US rally fizzles on Fed minutes January 8, 2014 The S&P 500 finished nearly flat yesterday as equity indexes had a muted reaction to the minutes from the US Federal Reserve’s most recent meeting, while Micron’s strong results helped buoy the Nasdaq. Minutes of the Fed’s December 17-18 meeting, after which the US central bank announced its decision to begin trimming its monthly bond [...]
Why geography matters when selecting an MBA course January 8, 2014 Business has gone global and business schools have followed, with most now claiming to offer international reach IN GREATER numbers, business school applicants are looking beyond the UK and US to study their Masters of Business Administration (MBA). QS Top MBA research has found that, while the UK and US remain the most popular study [...]
Why the best location to take your MBA may just be in London January 8, 2014 THE CAPITAL’S status as an international hub for business is matched by a strong offering of MBA programmes. And for applicants able to afford the cost of living, it is well worth considering what London’s business schools have to offer. In the latest Financial Times Global MBA Rankings, three London business schools rank in the [...]
CES: the very best of the show so far January 8, 2014 The annual Consumer Electronics Show in Las Vegas is like Willy Wonka’s Chocolate Factory for geeks. It sees several gigantic aircraft hangers packed full of the biggest releases from some of the world’s top tech firms. This year saw 3D printers move further towards the mainstream, while manufacturers of high-end TVs once again pulled out [...]
Diageo joins Diddy for a shot at tequila market January 8, 2014 Back in 2007, the artist formerly known as Puff Daddy (then P Diddy, then just Diddy) used the lyrics of album track Through The Pain (She Told Me) to tell fans he’d been “hangin' on Patron all day” – name checking the premium tequila brand beloved by rappers from Jay-Z to Chamillionaire. Today he officially [...]
STJ Advisors sees profits fall January 8, 2014 Specialist equity capital market adviser STJ Advisors has just reported a drop in profits from £2.9m to £2.3m in the year to the end of March 2013, according to documents filed at Companies House. The niche firm, which advised the Royal Mail Group during the initial stages of its privatisation last year, also witnessed a [...]
Here’s what MPs were saying on betting machines last year – a rather different story to today’s crackdown January 8, 2014 Today saw the House of Commons awash with calls for further regulation of the gambling industry. During Prime Minister's Questions, Labour leader Ed Miliband urged David Cameron to give local councils further powers to limit the number of Fixed Odds Betting Terminals (FOBTs), the current allowance is four. David Cameron's response was that empirical evidence [...]
China’s going to double its oil and gas output by 2030 January 8, 2014 China, the world's biggest energy consumer, is set to more than double crude oil and gas output over the next sixteen years, according to its Ministry of Land and Resources. The ministry predicted today that output may reach 700m tonnes of oil equivalent by 2030, saying the assessment came from a recent resources evaluation. That [...]
US private sector jobs growth highest since November 2012 January 8, 2014 238,000 more people in the US were employed in December than November, according to data released by Automatic Data Processing (ADP). The impressive increase in jobs created in the private sector came in above expectations of 200,000 and is the highest in 13 months. It follows November's rise of 229,000 – which was revised [...]