Grexit: Greece submits new bailout request July 8, 2015 Greece has officially submitted a new bailout request, 24 hours after it was due to present new proposals to European leaders, it has been reported. Read more: Tsipras wants final exit from crisis The news comes shortly after Greek Prime Minister Alexis Tsipras was slammed in the European parliament by a German MEP, who said he [...]
Halifax house price index: UK house price growth picks up again after pre-election wobble July 8, 2015 UK house price growth finally picked up again in the three months between April and June after two months of falling growth – suggesting confidence among buyers is back after it wavered in the run-up to the General Election. Read more: We're massively estimating how much it costs to live – including deposits on homes Halifax's [...]
July Budget 2015: FTSE rises ahead of George Osborne’s announcement July 8, 2015 After a disappointing few days in the wake of the Greek crisis, this morning the FTSE 100 woke up in a more optimistic mood, rising 0.52 per cent in early trading in anticipation of encouraging announcements from George Osborne during today's summer Budget. Read more: July Budget – Here's what to expect Sterling was 0.23 [...]
Monitise share price plummets as Visa announces plans to cut its stake July 8, 2015 Shares in mobile payments company Monitise plummeted 21 per cent to 7.8p as the market opened this morning, as one of its backers announced plans to cut its stake. In a statement to the stock exchange, Monitise said it had been notified by Visa, which owns 5.3 per cent of the company, that it planned [...]
European Commission President Jean-Claude Juncker: Greek referendum was “irrelevant circus” July 7, 2015 European Commission President Jean-Claude Juncker has dismissed the country's referendum result as an "irrelevant circus" because it was based on an illegitimate question. "We are told we must respect the Greek people's vote," he told MEPs. "The people of Greece have spoken and I would like to understand what they have said." Juncker [...]
Senior Managers Regime to put bankers in the dock: Financial Conduct Authority unveils new accountability rules July 7, 2015 Is that an echo? The Financial Conduct Authority (FCA) has unveiled its heavily-trailed rules to make bankers more accountable when things go wrong – and, as expected, senior managers are likely to bear the brunt of misbehaviour. The new rules, which "embed personal accountability into the culture of The City", are divided into three points, [...]
What London saw: How commuters, witnesses and others in the capital watched the events of 7/7 unfold July 7, 2015 It's a cliche, but everyone remembers where they were when the events of 7/7 began to unfold. Read more: Timeline of the day that changed the capital But while the rest of the country tuned into events from afar, only those who were in the capital understand the sense of confusion, chaos and panic, which gave [...]
Competition and Markets Authority sets out its plans to increase competition in the energy markets, sending Centrica and SSE share prices down July 7, 2015 Shares in energy providers dipped in early trading, after the Competition and Markets Authority (CMA) outlined a raft of measures aimed at increasing competition in the energy market. Shares in SSE fell 0.5 per cent to 1,566p while London-listed Centrica shares dropped 0.6 per cent to 265.9p, after a wide-ranging report attacked the UK's "Big [...]
Greek crisis: Greek prime minister Alexis Tsipras agrees with Angela Merkel he’ll present new proposals tomorrow July 6, 2015 Greek Prime Minister Alexis Tsipras has agreed with German Chancellor Angela Merkel that he will present new proposals for a deal at a summit of Eurozone finance ministers tomorrow, reports have suggested. Read more: Has the Greek crisis irrevocably tarnished the euro? Reuters reported that the pair had reached the decision during a phonecall today. However, [...]
Greece votes no: European markets dip as selloff begins July 6, 2015 European markets dipped today after the chances of a Greek exit from the Eurozone looked stronger than ever – although the dip wasn't as strong as expected. Having opened more than one per cent down after the Greek people voted against bailout conditions set by the country's lenders, the FTSE 100 later recovered some of [...]
