Pound dips as UK manufacturing stalls in November, missing expectations December 1, 2015 The pound dipped to as low as €1.4236 this morning, after figures showed the UK's manufacturing sector stalled in November. The CIPS/Markit Purchasing Managers' Index (PMI) fell to 52.7 in November, from 55.2 the month below. Although it was above the 50 mark which denotes expansion, the figure was still well below consensus of 53.6. However, [...]
Forget the Shard – Saudi Arabia’s kilometre-tall Kingdom Tower is closer to becoming the world’s tallest tower as it launches £1.4bn fund December 1, 2015 The kilometre-tall Kingdom Tower in Jeddah has come a step closer to completion, after the company behind it announced the launch of a 8.4 billion Saudi riyal (£1.4bn) fund to complete the project. Once the building is complete – which could be as early as 2017 – it will be the first building to stretch to one kilometre [...]
Stocking up on Christmas booze? Marks & Spencer is the best supermarket for wine – while Morrisons comes second December 1, 2015 Marks & Spencer has retained its crown as the best supermarket wine retailer for the second year running – but if you're stocking up on Christmas booze, you could do a lot worse than head to Morrisons, which came second in the medal table at this year's International Wine Challenge (IWC). M&S came first in [...]
The Help to Buy Isa for first-time buyers launches today: Here’s everything you need to know, including which banks and building societies will provide it and how much you can borrow December 1, 2015 It was now many moons ago that George Osborne introduced the Help to Buy Isa (Help to Buy-sa to its friends), which will give savers £50 for every £200 they save, up to £12,000. Nine months after it was first announced, the scheme is finally ready to be unveiled, with the launch slated for today. In other words: first-time [...]
RBS, Nationwide, HSBC, Barclays, Standard Chartered and HSBC share prices rise after Bank of England stress tests December 1, 2015 Shares in British lenders rose today, after results of a Bank of England stress test showed all the banks it tested had passed. Shares in Lloyds rose 2.8 per cent to 75.01p in early trading, while HSBC rose 1.4 per cent to 537.2p and Barclays rose 2.5 per cent to 228.75p. RBS and Standard Chartered, [...]
Gifts all round or is the Grinch in town? Here’s why Santa Rallies happen – and whether you can expect one this year December 1, 2015 It's been a tumultuous year for the FTSE, which has spent the past few months merrily yo-yoing from the heady heights of 7,100, before careering to below 6,000 points months later. Could some festive merriment be sprinkled over the index by a Santa rally, despite the fact it's failed to make gains this year? Potentially: research [...]
HSBC Lloyds Barclays Santander Nationwide Standard Chartered face Bank of England stress tests November 30, 2015 NULL
Bring on ride-sharing: Uber’s about to launch UberPool in London – making journeys 25 per cent cheaper November 30, 2015 Uber will launch its ride-sharing service in London this Friday, the company said today – although it may be short-lived. The ride-hailing app, which has been heavily criticised by London's black cabbies, said its new service, UberPool, will give Londoners the option of sharing their journey with another passenger heading in the same direction at the same [...]
London property prices: Luxury homes are so expensive in London, the uber-rich are going bargain hunting in New York November 30, 2015 Luxury homes in London cost "double" those in New York, new research has suggested – meaning super-wealthy Britons are increasingly going bargain hunting in Big Apple. The Transatlantic Wealth Report, by upmarket British estate agent Beauchamp Estates and New York equivalent Leslie J Garfield, found the value of luxury homes in London's most exclusive areas is typically [...]
