Before the bell: What you need to know before the US market open June 13, 2016 China's decelerating economy is causing fresh concern across international markets and the International Monetary Fund isn't helping. Here's what you need to know before the US market opens at 14:30 London time. The US market is pointing heavily south ahead of the open. The S&P 500 is down by 0.31 per cent in the pre-market. The Nasdaq [...]
Small firms would lose £12k a day without mobile phone access, as mobile media demand soars June 13, 2016 Small businesses could lose up to £12,000 per day if they were without access to their mobile phone, research out today has shown. Firms with up to nine employees would on average miss out on almost four new business opportunities, each with an average value of over £3,000, every working day if their mobile was [...]
One in six energy customers now signed up with independent suppliers as Big Six lose grip on market June 13, 2016 The country's biggest energy companies are losing customers to independent supplies at a faster rate than ever, new research has shown. Over one in six (17.4 per cent) dual-fuel households – that get both their gas and electricity from the same supplier – are now with an independent provider, up from one in eight a [...]
Kitted-out office sector to be worth £126bn within 10 years June 13, 2016 The UK market for fully-kitted out offices could rise in value to a whopping £126bn in under 10 years, a new report has revealed. Currently valued at around £16bn, the so-called serviced office sector is projected to increase in value significantly by 2025, to £62bn on conservative projections and £126bn on more optimistic forecasts. Economic [...]
Week ahead: Investors watch BoE and sterling as EU vote nears June 13, 2016 Brexit braying and the Bank of England’s interest rate decision will be closely followed by investors this week. Ahead of the BoE’s announcement on Thursday we’ll hear from the US Federal reserve, and though markets are not expecting a move from either, investors will be paying close attention to the language used by policy makers. [...]
Private equity firms close in on O2 as Telefonica prepares it for listing June 12, 2016 Two of Europe’s biggest private equity firms are plotting to team up on a bid for Telefonica’s UK mobile network O2. Apax Partners and CVC Capital are understood to have discussed forming a consortium to bid for the UK’s second largest mobile operator. The two buyout firms are working against the clock to put a [...]
120,000 UK jobs lost from the oil price crash June 10, 2016 Over 120,000 jobs are expected to have been lost between 2014 and the end of this year because of the severe hit inflicted on the UK oil industry from tumbling global prices. The strain of low oil prices has caused massive layoffs and cost-cutting across the sector and in related industries over the last 24 months. New employment figures released [...]
BP makes natural gas discovery off the Egyptian coast June 9, 2016 BP has struck natural gas off the coast of Egypt, adding to a raft of finds in the area recently. Eni SpA, an Italian multinational oil and gas company headquartered in Rome, along with BP hold a 50 per cent stake in region's licence. BP has made a series of discoveries in Egypt in recent years including Taurt North, Seth [...]
At the close: FTSE falls as miners give up gains June 9, 2016 The FTSE 100 lost ground today as miners slumped. A fall in the oil price, as well as disappointing numbers out of China, meant the blue-chip index snapped its four-day winning streak. The FTSE finished at 6,231.89, down by 1.1 per cent. The FTSE 100 had risen in its previous four sessions. US stocks also dragged as investors worried [...]
Liberty appeals to the UK to embrace steel recycling as Tata poised to reveal bidder shortlist June 9, 2016 Despite persistent rumours that Indian steel giant Tata will hold onto its UK steel operations, the most vocal bidder, commodities trader Liberty House, isn't giving up. Sanjeev Gupta, the chief executive of Liberty House, has recorded a video to try and convince Tata and the government that Liberty's plan for Port Talbot and other UK steelworks is [...]
