Does Greek finance minister Yanis Varoufakis’ leather jacket make him a hell-raiser, protector or just a fading rocker? Either way, he’s going to have to be a tough guy February 20, 2015 The Holy Grail for most brand managers is to create a powerful identity icon, a shorthand which cuts to the heart of their offer. There are a number of options open to the budding marketer, but the standard fare breaks down into three options, visual – like the Nike tick; verbal – like Audi’s ‘Vorsprung [...]
ECB minutes show “large majority” in favour of quantitative easing February 19, 2015 The first-ever minutes of a meeting of European Central Bank monetary policymakers has shown that a "large majority" of its governing council supported the introduction of a quantitative easing programme. The 9,000 word document shows its governing council was concerned low oil prices would lead to long-term low inflation. This, in turn, raised the possibility [...]
Mike Ashley’s Sports Direct on target but sales growth slows February 19, 2015 The figures Shares in Sports Direct rose two per cent in early trading as it announced sales and gross profits had risen across the Christmas period – up 2.6 per cent to £771m and 7.6 per cent to £346.9m respectively. However, that was a slowdown compared to the same period last year, when sales grew 11 [...]
Labour ups the HSBC pressure on George Osborne over tax evasion row February 17, 2015 Labour’s Ed Balls has increased the pressure on George Osborne in the HSBC tax evasion row, calling on the chancellor to answer key questions. Labour are attempting to up the ante on Osborne, who has barely been seen over the course of the eight-day-long political row. HSBC’s Swiss branch is accused of helping customers evade [...]
Draghi’s bond buying sparks EU shares rush February 17, 2015 FUND managers are shunning US shares in favour of Eurozone stocks in the wake of the European Central Bank’s (ECB) massive bond buying programme, a poll showed yesterday. Allocations to listed stocks in the Eurozone rose to its second highest level ever this month, according to Bank of America’s fund manager survey, threatening to breach its [...]
Warren Buffett sheds $3.9bn Exxon Mobil stake as oil prices tumble February 17, 2015 Warren Buffett’s Berkshire Hathaway shed its holding in Exxon Mobil in the fourth quarter of 2014 as the company reacted to tumbling oil prices. Berkshire had held 41m shares worth $3.9bn (£2.5bn) in Exxon and 471,994 shares in Conoco as recently as the end of September, but a regulatory filing has revealed that [...]
Ukip The First 100 Days: 1,000 complaints over Farage “what if” TV documentary made to Channel 4 and Ofcom February 17, 2015 A television show about Ukip has prompted more than a 1,000 complaints after being broadcast on Channel 4 on Monday night. The fictional documentary, which imagined the first 100 days of a Ukip government if the party were to sweep to power in May's General Election, received 731 complaints Ofcom has said. Another 250 complaints were [...]
Boris Johnson’s Crossrail for Bikes to link Tottenham, Stoke Newington, Dalston and the City of London February 17, 2015 The next phase of Boris Johnson's "Crossrail for Bikes" will make it easier for Londoners to cycle from Tottenham, Stoke Newington and Dalston into the City of London, Transport for London (TfL) said today. The new cycle superway 1 (CS1), which will run along quiet streets parallel to the A10, could cut cyclists' journey times from Tottenham to [...]
Obama attacks Europe over tech protectionism against Google February 16, 2015 US President Barack Obama hit out at the EU for its scrutiny of companies like Google and Facebook, which he believes is driven by a desire to protect European tech companies. Search giant Google is currently embroiled in a four-year probe into its dominant position in Europe’s search engine market. “Sometimes the European response here [...]
Gordon Ramsay buys Rangers stock to join Mike Ashley fight February 16, 2015 Celebrity chef Gordon Ramsay yesterday became the latest big name to join the Rangers First group of fan shareholders, as the association looks to thwart Sports Direct owner Mike Ashley’s attempts to gain control of the club. Former Rangers trainee Ramsay took to Twitter on Sunday to announce he had joined the movement. He [...]