More money in your pocket: Tumbling oil prices, £1 a litre petrol, supermarket price wars and mortgage provider competition January 12, 2015 Britons should be able to loosen their purse strings further this year, with tumbling oil prices, a supermarket price war and intense competition between mortgage providers forcing down the average cost of living. Supermarket chains Morrisons and Sainsbury’s – which together operate over 600 petrol stations – will both cut the price of unleaded petrol [...]
Golden Globe Awards 2015: Boyhood wins best drama for twelve years’ investment January 12, 2015 More than a decade of funding for motion picture Boyhood paid off for its financial backers yesterday after the movie scooped the prestigious best drama accolade at the Golden Globe Awards. Boyhood, which stars Ethan Hawke, has won praise for its epic production and the length of funding commitment from its backers, IFC Films. The [...]
Mark Carney set to write inflation letter next month January 12, 2015 INFLATION is expected to have dropped too far below the Bank of England’s target, prompting an embarrassing letter from Mark Carney to George Osborne to explain what went wrong. But instead of sending the letter the moment the inflation data is published – at 9.30am this morning – the governor of the Bank will now [...]
Retail investors stage a comeback – Editor’s Letter January 12, 2015 After a year of being virtually ignored by those organising fund-raisings on the London stock market, the retail investor is heading back to the stock market. As we report today, the tool hiring specialist HSS intends allocating a tranche of its shares in its forthcoming flotation to retail investors. This follows Trainline.com’s decision to do [...]
Bus driver strike to cause chaos January 12, 2015 LONDONERS face travel misery today as 27,000 bus drivers in the capital go on strike over pay. The strike, which was due to begin at 4am, will last until the early hours of tomorrow morning, despite only 16 per cent of drivers voting in favour of the action. Unite the union called the strike because [...]
Weiss withdraws Treasury job bid January 12, 2015 WALL street banker Antonio Weiss has withdrawn his nomination for a senior US Treasury role. Weiss, global head of investment banking at Lazard, had been running for the position of Treasury undersecretary for domestic finance. However, he faced criticism from Democrats due to his connections with the financial industry. Weiss will instead become counselor to Treasury [...]
Stars flock to Burberry fashion show January 12, 2015 BURBERRY showcased its autumn-winter 2015 menswear collection at yesterday’s London Collections: Men, at Kensington Gardens. Among those watching from the front row were music artist Tinie Tempah, UK fashion model Jourdan Dunn and Vogue editor Anna Wintour.
Quindell share price rises as investors give thumbs up to Richard Rose and Jim Sutcliffe appointments January 12, 2015 Investors in troubled insurance outsourcer Quindell yesterday welcomed the firm’s appointment of Richard Rose and Jim Sutcliffe as chairman and deputy chairman, despite it coming to light that the pair have been granted a combined 18.6m share options. The Hampshire-based firm’s stock was up 26 per cent in trading yesterday following the news. “All appointments [...]
Battle for Canary Wharf nears end as Songbird rejects offer January 12, 2015 SONGBIRD Estates, the company behind Canary Wharf, has formally rejected a £2.6bn takeover offer from its Qatari shareholder. Songbird said yesterday it will not accept the 350p-a-share offer by the Qatari Investment Authority (QIA) and Brookfield, on the grounds that it does not reflect “the full value of the business, its unique operating platform and [...]
Nuclear Management Partners could lose Sellafields contract January 12, 2015 OFFICIALS are expected to make a statement today regarding the contract to clean up Sellafield – the largest nuclear waste site in western Europe. Sellafield is currently managed by consortium Nuclear Management Partners (NMP) which has had the contract for the last six years. The contract was extended by five years in 2013. It is [...]
