Irish 10-year bond yields fall to their lowest in history February 25, 2015 As Greece, one of Ireland's fellow PIGS, continues to struggle, has the Celtic Tiger's zeal returned? The country's 10-year bond yields fell below one per cent for the first time in history this morning, suggesting investor confidence in the country is at an all-time high. During the depths of the crisis, yields spiked as high [...]
Morrisons share price edges up as it names former Tesco man David Potts as chief exec February 25, 2015 Shares in embattled supermarket Morrisons opened one per cent higher this morning, after it named its new chief executive: former Tesco Asia boss David Potts. The supermarket launched its search for new boss in January, after chief executive Dalton Philips announced his departure. The appointment is part of a fresh start for the company: chairman Andrew [...]
FTSE 100 closes at record high February 24, 2015 Having smashed its closing record earlier this week, the FTSE closed at a record high, finishing at 6,949.6 points. Earlier, it had breezed past its intraday record of 6,950 topping 6,957 in late afternoon trading. The index passed its 1999 closing record of 6,930.2 yesterday, gaining more than 20 points today after decision-makers in Brussels [...]
Yellen: Fed will drop the word “patient” before it hikes interest rates February 24, 2015 The US Federal Reserve's rate-setting committee will lose patience before it hikes interest rates, promised Fed boss Janet Yellen today – although she remained cagey about when that would happen. In prepared remarks to the Senate Banking Committee, she suggested there is no "given point" at which the Federal Open Markets Committee (FOMC) will decide [...]
Greece lenders approve bailout deal February 24, 2015 The euro recovered some of the loses felt earlier in the day against the dollar as European officials confirmed they had approved measures outlined by Greece to trigger a bailout deal. The deal means the country should avoid a default and subsequent exit from the Eurozone – at least for the next four months. During [...]
European leaders approve Greek bailout plan February 24, 2015 The euro reduced earlier losses against the dollar in the early afternoon, after Greece's lenders determined a list of measures drawn up by the country's finance minister, Yanis Varoufakis, "sufficiently comprehensive" to activate a four-month extension to its bailout loan. The six-page submission was submitted "close to midnight" last night, said Jeroen Dijsselbloem, chairman of [...]
Eight takeaways from Yanis Varoufakis’ submission to Greece’s lenders February 24, 2015 It was only a matter of time, but the six-page document submitted by the Greek government to Eurozone leaders this morning showing the measures it plans to take in return for a four-month extension to its bailout deal has been leaked online. The FT published a copy of the document, and the contents are enlightening. [...]
The definitive list of the 25 best jobs in the UK February 24, 2015 What's the best job in the UK? Almost everyone has a friend or a colleague who earns more, gets more time off or just seems to be having more fun at work than them. Now careers website Glassdoor has come up with the definitive list of the best jobs in the UK. Alright, so there [...]
Aldermore confirms plans to IPO (again) February 24, 2015 Challenger bank Aldermore has dusted off its IPO plans, which it scrapped in October, confirming its intention to float on the London Stock Exchange. The bank, which specialises in lending to small businesses, is thought to be gearing up to raise £75m through the flotation, representing approximately 40 per cent of the issued share capital [...]
The staggering figures behind Apple’s €1.7bn investment in Europe February 23, 2015 Shares in Apple rose 1.7 per cent today, after it announced plans to invest €1.7bn (£1.2bn) on two massive data centres in Europe. With a combined floor space of 332,000 sq m (that's just under two Wembley Stadiums, fact fans) the two data centres – one in Athenry, Ireland, and one in Viborg, Denmark – [...]
