‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Liberty appeals to the UK to embrace steel recycling as Tata poised to reveal bidder shortlist June 9, 2016 NULL
Vodafone NZ and Sky Network in telecoms and TV tie-up to compete with the likes of Netflix June 9, 2016 Global telecoms group Vodafone is merging its New Zealand unit with the country's largest provider of pay TV, Sky Network Television. The deal, worth £1.7bn, is in response to growing competition in the country from the likes of Netflix and other internet streaming services and will create one of the biggest companies on the New Zealand Stock [...]
Before the bell: What you need to know before the US market open June 9, 2016 South Korea has unexpectedly cut its interest rates, while New Zealand's central bank remains on hold. In China consumer prices rose less than expected, muting economist hopes that the economy is stabilising earlier in the week. Here's what you need to know before the US markets open at 2:30pm London time. US futures are pointing downwards. The S&P is [...]
Amazon rolls out fresh food service for paying, east London members June 9, 2016 US online retailer Amazon has today launched its fresh food delivery service in central and east London. The service is further restricted to Amazon’s Prime members, who pay a £79 per year fee for various TV and music streaming services and free delivery on certain items. Amazon, after taking significant market share from many of [...]
Tesco Mobile is offering you cash back in exchange for looking at ads June 9, 2016 Tesco Mobile is offering customers the option to swap ads for money off their bill. The budget mobile brand, which runs on O2's network, has partnered with Australian ad and content company Unlockd and will let Android mobile customers knock £3 off their monthly bill. Tesco Mobile customers are able download an app from the Google Play store that [...]
Glaxo’s arthritis drug reaches two key targets June 8, 2016 Pharma giant GlaxoSmithKline has said it is on target to meet regulatory requirements for a new arthritis medication. GSK yesterday announced its third phase study for sirukumab, an antibody designed for patients with severely active rheumatoid arthritis, met its two most important targets. The study showed that joint damage was significantly lessened among sirukumab-treated patients, [...]
Change to Addison Lee driver contracts boosts earnings June 8, 2016 A new contract for Addison Lee drivers has resulted in a seven per cent boost to earnings. The new deal has been road tested by a small number of the private car hire company’s drivers, who have reported an increase in the amount they are taking home compared with this time last year. The deal [...]
Oil prices rise despite US stockpile data on China demand and Nigerian production problems June 8, 2016 Oil prices have risen for a third consecutive day today, hitting eight month highs. The rise is in spite of US data showing a surprise build in petrol stockpiles. On-going production problems in Nigeria, as well as a better outlook for demand in China spurred on the market. Gasoline stocks added one million barrels. Analysts had pencilled in a fall. Inventories of crude [...]
At the close: FTSE 100 makes it four positive days on the bounce as commodity prices climb June 8, 2016 A rebound in commodity prices gave a boost to the resources and energy heavy FTSE 100 today, moving it ahead of European markets. The index rose by 16.99 points, or 0.3 per cent, to 6,285.21 points, making today its fourth positive session on the bounce. Oil prices continued their recent rally, climbing to their highest price in around eight months. [...]
Alternative Networks’ share price got hammered today following a tough first half June 8, 2016 Alternative Networks, a B2B provider of IT and telecoms, has reported a difficult first half, sending its share price down 10 per cent today by the close in London. The company blamed roaming tariff reductions implemented by carriers – notably EE – for its 18 per cent drop in mobile profits. Mobile revenue dropped by seven [...]
