JP Morgan boss Jamie Dimon: Banks are under assault January 14, 2015 The flood of megafines and regulations being inflicted on banks amounts to an “assault” by a multitude of authorities, JP Morgan’s boss Jamie Dimon claimed yesterday. Such a sustained attack threatens the competitiveness of the US as a whole, the chairman and chief executive said in an unusually outspoken defence of the industry. “Banks are [...]
Eurozone gets green light for full on money printing plan January 14, 2015 A POLICY designed to reignite the stagnant Eurozone economy jumped one of its final hurdles yesterday. The policy of quantitative easing (QE) – where the central bank buys large amounts of assets using new bank reserves – is expected to be announced at the European Central Bank’s (ECB) next meeting on 22 January. However, a [...]
Make mine a double January 14, 2015 Pub landlord to stand in Farage’s target seat NIGEL Farage has welcomed comedian Al Murray into the battle for the South Thanet seat in May’s general election, tweeting “the more the merrier,” after Murray announced his intention to run. Murray, or The Pub Landlord to give him his stage name, has announced he will stand [...]
Mark Carney: Scotland can ride oil price drop thanks to Union January 14, 2015 Bankof England (BoE) governor Mark Carney yesterday said that falling oil prices were a negative shock to the Scottish economy. “While it is a net positive to the UK economy – the change in the oil price – it is a negative shock to the Scottish economy,” Carney said. However, Scotland’s economic fortunes are reassured [...]
Brighton to Victoria Train of Shame: Southern offers grovelling apology following another week of delays January 14, 2015 Southern, the company behind the Train of Shame – the 7.29am service from Brighton to Victoria which was late every day last year – was forced to apologise to customers yesterday following a week of severe delays. “We understand our passengers’ frustration and apologise for the levels of performance they are currently experiencing,” said David [...]
Osborne pledge: I’ll run a surplus in boom years January 14, 2015 BRITAIN should run a surplus in the good times and future governments should avoid running deficits during financial booms, George Osborne said last night. The chancellor stated that when the economy is in a period of “normality”, the country should be “raising more money than we spend and using that to pay down our debts”. [...]
Copper market chaos hammers mining stocks January 14, 2015 COLLAPSING copper prices and the continued decline of the oil market hammered stocks in the commodities sector yesterday. Copper fell as much as eight per cent to a five-year low of $5,522 per tonne, a move that analysts attributed to growing excess supply in the market, with China accounting for 40 per cent of global [...]
BlackBerry share price falls back after it denies Samsung takeover talk January 14, 2015 Telecoms firm BlackBerry sent its shares back down by more than 16 per cent in after hours trading last night, after denying that it had engaged in talks with Samsung about a multi-billion dollar buyout. Reuters reported last night that smartphone manufacturer Samsung had sent high level executives to meet with BlackBerry equivalents last week [...]
Shell share price dips as weak oil price forces firm to quit Qatar plant plan January 14, 2015 Shares in oil firm Shell fell by 3.32 per cent yesterday after the company announced it had abandoned plans for a petrochemicals plant it was building in partnership with Qatar Petroleum (QP). The company cited “high capital costs rendering it commercially unfeasible, particularly in the current economic climate prevailing in the energy industry”. The global [...]
Tesco share price up as Bill Ackman reveals interest January 14, 2015 Troubled supermarket Tesco bucked the general FTSE downward trend yesterday, with its shares up by 0.94 per cent at the close. The group may have benefited from Bill Ackman’s interest in its shares. The Pershing Square founder and chief executive told Bloomberg TV yesterday that he had looked at investing in Tesco, although ultimately decided [...]
