‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
TfL London Night Tube start date: Transport for London delays Night Tube’s 12 September launch August 27, 2015 Transport for London (TfL) has confirmed London's new 24-hour Tube service will not launch on 12 September as planned. In a statement today, the organisation said that while practical arrangements to run the Night Tube were in place, ongoing talks with trade unions meant it won't be possible to agree rosters and communicate them to [...]
Government shows some appreciation to business world with peerages for Michelle Mone and Ruby McGregor-Smith – but they’re in the minority August 27, 2015 It's a surefire sign the pomp and circumstance of an election has drawn to a close when the government unveils its list of dissolution peerages. Included in this year's list were the usual suspects – including some of the Liberal Democrats' fallen brethren (Ming Campbell, Lynne Feathersone) as well as former chancellor Alistair Darling and [...]
US markets rise but FTSE 100 closes lower as China uncertainty continues August 27, 2015 After a tumultuous session of trading yesterday during which traders on both the S&P 500 and the Dow Jones showed optimism until mass selloffs in the the final minutes of trading, both indices opened higher today, with the S&P rising 1.3 per cent per cent in early trading, while the Dow rose 1.8 per cent. [...]
This tunnel between Waterloo and the Southbank has been turned into a giant kaleidoscope by #sparkyourcity August 27, 2015 Hot on the heels of London Bridge being turned into a massive rainbow, Spark Your City – which is planning a series of random installations around the capital – has set about its second project: turning Sutton Walk, a pedestrian tunnel which links Waterloo and the South Bank, into a giant, jungle-themed kaleidscope. The project [...]
Better start for the FTSE 100 after Asia rally as Shanghai shares soar August 27, 2015 Are things finally calming down on the markets? The FTSE 100 opened almost two per cent higher, taking heart from a rally in Asia, where the Nikkei closed one per cent higher, the Hang Seng closed three per cent higher – and Chinese markets leaped, with the Shanghai Composite gaining more than five per cent [...]
NY Federal Reserve’s Bill Dudley: Interest rate hike in September is now less compelling August 26, 2015 To hike or not to hike? That is the question. Bill Dudley, chair of the New York Federal Reserve, has suggested the interest rate rise we all thought was coming in September is now "less compelling", thanks to the market volatility which has caused equities to swing wildly over the past few days. Read more: US [...]
Bristol, Newcastle and Liverpool: These are the most expensive airports to buy euros this bank holiday August 26, 2015 As the August bank holiday approaches, thousands of people are preparing to jet off to foreign climes for summer's last hurrah. But as you're packing your swimwear and passport, don't forget foreign currency. Figures compiled exclusively for City A.M. suggest that if you leave it until you reach the airport, you could stand to waste [...]
UK Oil & Gas share price rises as new survey suggests there are 11bn barrels of oil at Horse Hill August 26, 2015 Another day, another survey of oil reserves under the 55 square mile areas in Horse Hill, near Gatwick, owned by maverick oil explorer UK Oil & Gas (Ukog). Nicknamed the "Gatwick Gusher" after a now-famous suggestion there were up to 100bn barrels of oil in that area, Ukog said today a new survey by Schlumberger, [...]
Here’s how yesterday’s Great Fall of China compares with history’s worst stock market crashes August 25, 2015 Traders around the world are nursing a hangover after massive falls in China precipitated a $1.6 trillion global wipeout on stock markets around the world. While the losses were worst in China, where markets fell as much as 8.7 per cent, markets across Europe, America and Africa were all hit hard. But how does yesterday [...]
Toilet rolls, pens and post-its: These are the most common items stolen from the office August 25, 2015 Ever nabbed a pen from the office? What about, er, a light bulb? A new study suggests that although office workers aren't always shy about pilfering bits of stationary from the office, they're also inclined towards nicking other items – including loo rolls, light bulbs and even printer ink. In fact, the survey by online [...]
