‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Greek unemployment drops for the first time in four years September 19, 2013 GREEK unemployment fell for the first time in four years during the second quarter, according to official figures released by the government yesterday. Though unadjusted for seasonal effects, the number of people out of work dipped from 27.4 per cent in the first three months of the year to 27.1 per cent between April and [...]
Factories reveal order books at a six-year peak September 19, 2013 MANUFACTURERS reported the fullest order books in six years this September, as the most recent Confederation of British Industry (CBI) survey reveals a strong performance. A full 28 per cent of firms said their order books were busier than normal, while only 19 per cent said they were below their usual level. Orders have risen [...]
Meet the poster child for new euroscepticism September 19, 2013 Iceland’s PM tells Tim Wallace the country only recovered because it is not in the Eurozone ICELAND is back from the brink, and Prime Minister Sigmundur David Gunnlaugsson wants the world to know it. The tiny mid-Atlantic nation’s outsized banking system fell apart in the financial crisis in such dramatic style that the country became [...]
Raspberry Pi sales fail to turn around Premier Farnell’s luck September 19, 2013 BRITISH electronics parts distributor Premier Farnell reported a dip in profits for the first half of 2013 yesterday, and said the company had little forward order visibility for the second half of the year. Sales were boosted by the company’s popular Raspberry Pi computer – which accounted for £15m of Premier Farnell’s total sales – [...]
Summer heatwave drives sales up at Booker September 19, 2013 THE UK’s hottest summer in seven years helped to drive up sales at Booker Group over the past quarter. The UK’s largest cash and carry wholesaler yesterday said like-for-like sales were up 3.5 per cent in the 12 weeks to 13 September. Including sales from Makro, which Booker bought last year, sales surged 19.3 per [...]
IBM to take over British-based cloud software company Daeja September 19, 2013 IBM has bought out a Milton Keynes-based document sharing company for an undisclosed sum as part of its push into cloud computing. The American software giant yesterday announced that it had snapped up Daeja Image Systems, whose products allow businesses to more easily view and access information from any location, regardless of where the original [...]
Partnership slumps in trading after being linked to FCA probe September 19, 2013 PARTNERSHIP Assurance, the recently floated life insurer, plunged in trading yesterday after it was linked to a Financial Conduct Authority (FCA) probe into potential rule breaches over adviser payments. On Wednesday the FCA said two life insurance firms were being investigated over suspicions they had arrangements in place that could influence advisers, contrary to new [...]
Private equity fund structures to morph amid investor cynicism September 19, 2013 CYNICAL investors are driving a rapid change in how private equity firms structure investments and raise money, a fresh survey out yesterday shows. Over half of the 156 executives polled said private equity investors – so called limited partners (LPs) – were demanding more information and greater oversight of investments made by firms during the [...]
Sony aims high with goal to sell 5m Playstation 4s before March September 19, 2013 SONY is betting on initial Playstation 4 sales being 40 per cent higher than its last home game console which cost more to build and buy, raising the prospect of a quicker return to help revive its consumer electronics business. The console goes on sale at almost the same time as Microsoft’s Xbox One, and [...]
Seven towers in seven hours for property firm September 19, 2013 STAFF at real estate brokers Cushman & Wakefield are getting their boots ready for a whole lot of walking today. All 62 members of the firm’s London markets team will be ascending – on foot – seven of the Square Mile’s most iconic skyscrapers. The 5,762 steps needed to climb the stairs of Centre Point, [...]