Fiat Chrysler steps up recalls after actor’s death, now wants 13,000 Maserati cars back for rollaway issue June 23, 2016 Fiat Chrysler is accelerating the recall of cars in the US that could be at risk of rolling away after drivers mistakenly thought they had put the car in park. The world's seventh largest car maker is is recalling 13,092 Quattroporte and Ghibli luxury cars in the US, through its Maserati unit. Earlier this year Fiat Chrysler recalled 1.1m vehicles around the world over [...]
Demand for Accenture’s consulting services has pushed up the firm’s revenue, sending the share price higher in the pre-market June 23, 2016 An up-swing in Accenture's consulting business has helped the company beat analyst expectations in its third quarter. The Dublin-based company reported a better-than-expected 8.6 per cent rise in quarterly revenue to $8.43bn (£6.44bn) from $7.77bn in the same period last year. Net income rose to $897.2m, or $1.41 per share, for the three months to the end of May, [...]
Before the bell: What you need to know before the US market open June 23, 2016 Polls are open for the UK's European Union membership vote. Markets are betting people will opt to stay however and rallying around the world. Here's what you need to know before the US market open at 2:30pm London time. In the pre-market the S&P is up by 0.95 per cent, while the Nasdaq is one per cent higher. [...]
US alternative lender Trade Finance Solutions opens London office on the road to global growth as Europe chief dismisses Brexit worries June 22, 2016 US alternative lender Trade Finance Solutions (TFS) has opened a London office as it targets further expansion outside of North America. The office opening comes just one day before the UK takes to the polls to vote over its membership of the European Union, which has sparked levels of volatility in the market not seen since the [...]
International Monetary Fund warns US over growth outlook as it slashes forecasts June 22, 2016 The International Monetary Fund (IMF) has taken a break from warning over the risks of Brexit to caution the US on the strength of its economy. The IMF has slashed its growth forecast for the US this year to 2.2 per cent, down from 2.4 per cent it predicted at the start of the year. It [...]
Brexit braying leaves Brits hunting for breaks as holiday searches for 23 June soar 35 per cent June 22, 2016 Brits are becoming bored of Brexit as holiday searches for 23 June climb by 35 per cent over last year. Data from Hotels.com shows an increase in holiday searches over last year, with destinations in Europe topping the ranking increases. Searches to Barcelona are up by almost 100 per cent on this time last year. There has been a [...]
Before the bell: What you need to know before the US market open June 22, 2016 It's the calm before the storm as investors await a second round of testimony from Federal Reserve chair Janet Yellen and the UK Brexit referendum approaches. Here's what you need to know before the US market open at 14:30 London time. In the pre-market US futures are up, albeit barely. The S&P is up by 0.05 per cent. [...]
EU referendum: UBS roadmap for day after vote points to FTSE falling below 5,000 if Brexit happens June 22, 2016 The blue-chip FTSE 100 index could fall to lows not seen since 2011 if the UK votes to quit the EU, UBS analysts have warned. In a note to clients this morning UBS cautioned the FTSE 100 could slip under 5,000 points post Brexit, though could rise to up 6,800 if the country votes to remain. The polls are currently [...]
Telecom challenger eyes profit in late 2016 as second US tie-up looms June 20, 2016 US wireless service provider FreedomPop has said it will be profitable before the end of the year. FreedomPop, which launched in the UK last September, is also targetting a partnership with a second US carrier by the year’s end. The firm is already partnered with US network giant Sprint, selling Sprint-compatible phones and allowing Sprint’s wholesale [...]
PwC promotes record 61 equity partners, boosting female partnerships to 174 June 20, 2016 PricewaterhouseCoopers (PwC) has broken its own record by promoting 61 employees to equity partner status. This is the third year in a row that the accountancy firm has increased its investment in staff. Almost one third (28 per cent) of the new partners are female, bringing the firm’s total number of female partners to 174 – more [...]
