US non-farm payroll growth falls way below expectations – but wage growth strengthens February 5, 2016 The US added 151,000 jobs in January, figures showed today, falling way short of expectations of 190,000. There was some good news: wage growth was higher than expected, rising 2.5 per cent, against forecasts of 2.2 per cent. And unemployment fell to 4.9 per cent – an eight-year low. It's the first time non-farm payroll figures [...]
Julian Assange slams Philip Hammond, saying UK and Sweden risk undermining the UN if they do not let him go February 5, 2016 Wikileaks founder Julian Assange has said the UK and Sweden risk undermining the UN if they do not implement a ruling by a UN working group, which said he has been held under arbitrary detention in London's Ecuadorian embassy since 2012. At a press conference today, Assange criticised a statement by foreign secretary Philip Hammond, who said the UK did [...]
Emolument: Bankers aren’t happy with this year’s bonuses, as nearly half of Bank of America workers say they are dissatisfied February 5, 2016 This year's bonus round is bigger than last year's – but it has gone down like a lead balloon with bankers, new data suggests, with the majority of bank workers saying they're unhappy with what they've been offered. The research, by salary benchmarking site Emolument, shows those working at Bank of America Merrill Lynch are most disappointed [...]
UN panel: Wikileaks founder Julian Assange entitled to compensation after “arbitrary detention” – but Metropolitan Police will still arrest him as UK rejects ruling February 5, 2016 A UN panel has officially confirmed that Wikileaks founder Julian Assange has been held under "arbitrary detention" by Sweden and the UK, and that he is entitled to compensation. But this morning the Metropolitan Police force said there is still a warrant out for his arrest. Yesterday it was reported that the UN Working Group on Arbitrary [...]
CBRE: Investment in City offices hit an all-time high in 2015 February 5, 2016 Investment in City offices rose reached its highest ever last year, according to new figures. Real estate giant CBRE's London Property Perspective report, seen exclusively by City A.M., shows office investment rose to £8.2bn in 2015, eclipsing the previous record of £7.5bn set in 2007. In the fourth quarter alone, investment in the City rose 49 per [...]
From Deutsche Bank to Credit Suisse and RBS: This chart shows exactly how much global banks’ share prices have fallen this year February 4, 2016 An interesting note from Panmure Gordon market commentator David Buik, who laid out this afternoon, in percentage terms, exactly how much banks have suffered in the first weeks of 2016. The out-and-out winner in the loser stakes is Deutsche Bank, whose share price has fallen 39.6 per cent, from €23.01 to €15.05 since the beginning of [...]
Metropolitan Police will still arrest Julian Assange if he leaves the Ecuadorian embassy, despite reports suggesting a UN panel has ruled in his favour February 4, 2016 The Metropolitan Police has said a warrant for the arrest of Wikileaks founder Julian Assange remains in place, despite reports a UN panel has ruled he is being arbitrarily detained at the Ecuadorian embassy in London. A spokesman for the Metropolitan police told City A.M.: "Our position hasn't changed since October." In October last year the [...]
SMMT: New car sales just had the best January in 11 years February 4, 2016 A whopping 169,678 new cars were sold in the UK in January, according to new data – meaning new car sales had their best January in 11 years. Data from the Society of Motor Manufacturers and Traders (SMMT) showed registrations increased 2.9 per cent in January. Most of the growth was driven (see what we [...]
UK house price betting odds: A bookmaker is taking bets house prices will fall this year – and London prices will fall fastest February 4, 2016 Today's Halifax house price index may have suggested house price growth is speeding up – but one bookmaker is giving decent odds they'll actually fall this year. Star Sports, which calls itself "the gentleman's bookmaker", is giving odds of 8/11 that house prices will fall in 2016 – against odds of 11/10 they'll rise. The [...]
