Quindell share price edges up as it warns: “We definitely haven’t appointed a chairman yet” January 9, 2015 Shares in troubled insurance outsourcer Quindell edge 3.5 per cent higher in late morning trading after it issued a statement denying press speculation that it had appointed a chairman. However, the company added that "discussions are taking place with individuals", although "there can be no certainty that any appointment will be made imminently". Shares in [...]
The 100 City people you need to follow on Twitter this year, day five: Thought leaders January 9, 2015 On the final day of our list, we've gone abstract: having gone through entrepreneurs, analysts, chief executives and economists, our final day provides some food for thought for those looking for a bit of inspiration in their Twitter streams. Whether they're well-known faces or small-time entrepreneurs; whether they've come up with a new way to [...]
Five hilariously aspirational videos for luxury flats in London January 8, 2015 Developer Redrow has come in for more than a bit of mockery in recent days, after it posted an ad for one of its tower blocks showing a man whose lifestyle seemed suspiciously similar to that of American Psycho character Patrick Bateman. But now Berkeley Group's St George arm has followed suit with an equally weird portrayal [...]
Tesco’s rising share price leads FTSE 100 higher January 8, 2015 Tesco became the biggest riser on the FTSE 100 this morning, with its shares jumping more than 11 per cent in lunchtime trading after it posted encouraging Christmas trading figures. By close of trading, Tesco's share price had soared 16.4 per cent. The rally helped the FTSE 100 to rise almost 2.3 per cent. Other [...]
Tesco share price: One chart showing the rise, fall – and rise again? – of a retail empire January 8, 2015 Is turning around a supertanker really this easy? Tesco's share price rebounded more than nine per cent this morning after the retailer posted results showing Christmas sales fell a mere 2.9 per cent. Admittedly, that's hardly an impressive performance – but it's better than analysts had expected. If you're on a mobile, tap on the [...]
The 100 City people you need to follow on Twitter this year, day four: Economists January 8, 2015 The financial crisis may have been a tough time for most of the City, but one group did pretty well out of it. There’s no doubt about it: economics has got sexy, as the popularity of everything from Thomas Piketty’s missive on inequality to “economics made easy” books such as The Undercover Economist, shows. Whether [...]
Rush hour Tube chaos with severe delays on the Central, District and Piccadilly lines as London Bridge woes continue January 8, 2015 Soggy rush hour commuters were forced to endure severe delays on three Tube lines this morning, as signal failures held up journeys. Transport for London said there were severe delays to all destinations on the Central line thanks to a signal failure between Queensway and Lancaster Gate, on the District line because of a signal [...]
The 100 City people you need to follow on Twitter this year, day three: Chairmen and chief executives January 7, 2015 Last year was a tough one to be a leader in the City. As regulators got tough on businesses in the finance, energy and infrastructure sectors, there was a moral panic about who pays how much tax, with various companies having their dirty washing put unceremoniously on display. So you can forgive chairmen and chief [...]
Brent crude oil falls below $50 January 7, 2015 The price of Brent crude oil has dipped below $50-a-barrel mark for the first time in five and a half years, marking a symbolic moment for oil. The black stuff fell another two per cent this morning to $49.99 a barrel. Yesterday Brent crude dipped to $51.12, following a six per cent fall on Monday, [...]
Er, ok: American Apparel bans relationships at work January 7, 2015 Bosses at US-based clothing retailer American Apparel are clearly trying to show they're turning over a new leaf. The brand has updated its code of ethics – including a clause specifically banning relationships at work. According to the new code, "no management-level employee may make sexual advances, welcome or unwelcome, toward any subordinate". Now, most [...]
