EU referendum Yes campaign: London’s small businesses want to stay in the EU September 17, 2015 More than half of small businesses in the capital would vote for Britain to stay in the European Union, according to a new survey out today from the Federation of Small Businesses (FSB). The FSB, along with the independent research agency Verve, polled more than 6,000 members between June and July of this year, finding [...]
A sharper slowdown in China could derail the global economic recovery September 17, 2015 A slump in China poses a major threat to the global economy, especially if financial markets deteriorate further, the Organisation for Economic Cooperation and Development (OECD) said yesterday. China’s economy is expected to grow 6.7 per cent this year and 6.5 per cent in 2016, representing a slowdown from recent years’ growth. Some [...]
London is prime destination for foreign ventures September 17, 2015 London is the greatest city in the world at attracting foreign investment, according to new research. The capital left the likes of Paris, Singapore, Chicago and Dubai far in its wake for the seventh year running in 2014, according to the ranking from tech giant IBM. Foreign investment has generated 11,300 London jobs [...]
Beer giants AB InBev and SABMiller in takeover talks: The long-awaited superbrew merger starts September 17, 2015 The world's largest brewer Anheuser-Busch InBev (AB InBev) has set its sights on a takeover of rival SABMiller, which would create a mammoth global brewery worth $275bn (£177bn). Shares in SABMiller shot up by nearly 20 per cent on the news, pushing the FTSE 100 to a one-week high during yesterday’s trading. The [...]
Champions League: Wenger: I did not make too many changes September 17, 2015 DINAMO ZAGREB 2 ARSENAL 1 ARSENAL boss Arsene Wenger refused to accept that he was culpable of making too many changes despite his side starting their Champions League campaign in abject fashion against Dinamo Zagreb last night. An Alex Oxlade-Chamberlain own goal and Junior Fernandes header proved decisive for the hosts, as did a first-half [...]
Champions League: Jose disputes Gerrard’s JT rift assertion September 17, 2015 CHELSEA 4 MACCABI TEL AVIV 0 Chelsea manager Jose Mourinho last night denied claims from former England captain Steven Gerrard of a rift with skipper John Terry after the Blues kick-started their stuttering season with a Champions League cakewalk against Maccabi Tel Aviv. Mourinho was forced to respond to Gerrard’s suggestion after goals [...]
Insurance deal frenzy shows no signs of stopping as Phoenix considers offer for Cinven subsidiary September 17, 2015 Insurer Phoenix Group today confirmed it’s in talks about a possible takeover of Cinven-owned Guardian Financial Services. “Phoenix has been evaluating Guardian Financial Services as part of an on-going sale process for the Guardian Financial Services business,” it said in a statement to the London Stock Exchange today. “Discussions remain on a non-exclusive basis. There [...]
Federal Reserve interest rates rise decision: Will she, won’t she? Janet Yellen’s hike dilemma – The City View September 16, 2015 It was seven years ago this week that the collapse of Lehman Brothers triggered a global banking crisis. And yet here we are, still speculating about when interest rates will start to return to anything resembling normal levels. Today, the US economy is steaming ahead. Granted, it may be having some trouble due to the [...]
Glencore share price: Debt-struck resuorces giant calms investors with £1.6bn cash call September 16, 2015 Glencore’s share price closed 5.2 per cent higher yesterday, after a £1.6bn share placing reassured investors that the debt-struck resources giant could turn around its fortunes. The FTSE 100 commodities trader and miner rallied to 134.7p per share, having plummeted to an all-time low of 118.10p on Tuesday, due to market jitters about Glencore’s unwieldy [...]
Former Anglo American and BHP Billiton chiefs Cynthia Carroll and Marius Kloppers move on to new positions September 16, 2015 Two former chief executives who presided over mining giants during the financial crisis have moved on to pastures new. Cynthia Carroll, who was chief executive of Anglo American from 2007 to 2013, has been hired as an adviser at Indian mining conglomerate Vedanta Resources. “Having known Cynthia for many years, I look forward [...]
