US stocks on the Dow Jones, S&P 500 and Nasdaq close lower after a rollercoaster ride of a day February 9, 2016 US stocks finished lower after a nail-biting ride, following massive selloffs across other global markets. The Dow Jones closed 13 points – 0.08 per cent – lower, at 16,014 points, while the S&P 500 finished just over one point lower, at 1,852. The Nasdaq, which includes many of the US' largest tech stocks, fell 0.32 [...]
Land Registry figures show London property sales fell almost 10 per cent in 2015, as UK house prices jumped February 9, 2016 The number of homes sold in the capital fell almost 10 per cent to just 103,772 in 2015, the first drop in four years, figures published today showed. Analysis of Land Registry figures by London Central Portfolio (LCP) showed prices in the capital increased 4.5 per cent during the year – less than half the 10.2 [...]
London doesn’t deserve PR gimmicks, but a thriving taxi and private hire market that caters for all February 9, 2016 London doesn’t deserve PR gimmicks but a thriving taxi and private hire market that caters for all. Uber’s decision to offer zero per cent commission to black cab drivers has been self-described as an "olive branch". This is slightly disingenuous. In the same press release Uber has questioned the need for the Knowledge, graduates of which are [...]
This chart shows, in percentage terms, exactly how much has been wiped off global markets including the FTSE 100, Nasdaq and S&P 500 since the beginning of the year February 9, 2016 Depending on your view, the world is on the brink of yet another global recession or in the process of having a bit of a confidence wobble. Either way, markets have suffered badly. Analyst David Buik, at Panmure Gordon, has ranked the worst-performing global markets so far this year. And although Chinese markets have made [...]
Barclays poaches new chief operating officer Paul Compton from JP Morgan Chase February 9, 2016 Barclays has poached Paul Compton from JP Morgan Chase to act as its new group chief operating officer. The banking giant said Compton, currently chief administrative officer at JP Morgan, will start the newly-configured role in May. In a statement today it added Compton will be responsible for operations and technology, structural reform, cost transformation, major [...]
European stocks fall to their lowest since 2013 as market turbulence continues February 9, 2016 The Eurofirst 300, a composite measure of Europe's 300 biggest stocks, closed at 1,219.82 points today, 1.6 per cent lower than yesterday's closing price – and its lowest level since September 2013. The index dripped as low as 1,209 points during intraday trading. The news came as markets across Europe were hit by a second day of selloffs. The [...]
UK house prices: Why Help to Buy, Starter Homes and other government initiatives won’t boost housebuilding in the UK February 9, 2016 There's nothing like a target to focus the mind. Last year, the newly elected Conservative government set themselves several in an attempt to tackle the housing crisis and get more new homes built over the course of this parliament. The numbers are ambitious. The government says it wants a million new homes built in England [...]
Cheers for that, Storm Imogen: Scientists have found winter can reduce your concentration span February 8, 2016 You might have thought all the hours whiled away gazing wistfully out of the window in the summertime would dent your performance at work – but it turns out we're actually sharper during the summer. A new study by a team at the University of Liege has found people's brains are sharper and attention spans higher around [...]
Deadpool? 21st Century Fox earnings miss expectations on weak film revenues February 8, 2016 21st Century Fox earnings were more Deadpool than Eddie the Eagle in the three months to the end of December – with film revenues dragging it down. In a statement this evening, the company said quarterly earnings fell one per cent, or $49m (£33.9m), to $7.38bn, against analyst expectations of $7.53bn. Earnings per share fell to $0.44, down from $0.53 last year. [...]
Hold onto your hats: Stocks pare losses in the US but the S&P 500, Nasdaq and Dow Jones still sink February 8, 2016 US markets pared losses but still finished lower this evening, after a stormy start to the week for global markets sent investors fleeing for shelter in safe havens such as gold and government bonds. The Nasdaq, which at one point dipped three per cent, settled 1.8 per cent lower. Meanwhile, the S&P 500 finished the day 1.4 per [...]
