City boss wants MPs as interns so they can deal with the paperwork September 15, 2015 Property group Panther Securities issued its interim results yesterday and, rather than praising the firm’s nearly £4m profit for the first half of the year, chairman Andrew Perloff took the opportunity to bemoan the unnecessary amounts of paperwork needed for his teenage daughter to sign her summer job contract (but he needed to write on [...]
Eurozone in fine fettle but China dents sentiment September 15, 2015 Evidence that the Eurozone is recovering strongly after years of economic stagnation is piling up. However, investors are on the cautious side in case events in developing economies throw the recovery off track. Eurozone goods exports to the rest of the world grew strongly in July, reaching €185.2bn (£136.9bn), according to figures released yesterday by [...]
Tethys shares jump after Nostrum reveals offer is yet to be accepted September 15, 2015 NOSTRUM Oil & Gas revealed yesterday that its offer to take over Tethys Petroleum has not yet been accepted, with the two companies unable to agree upon the terms of the proposed deal. Shares in Tethys closed up by 7.89 per cent yesterday, at 5.12p, while Nostrum’s shares rose by 0.48 per cent. Asia-focused Tethys [...]
City Moves for 16 September 2015 | Who’s switching jobs September 15, 2015 BARCLAYS Ian Gilmartin has been appointed head of retail and wholesale for Barclays’s corporate bank. He has over 20 years’ experience and has spent the past five years as part of the leadership in Barclays’ retail and wholesale team. Gilmartin has also held roles at Dresdner Kleinwort Benson and Allied Irish Banks. DELOITTE The business [...]
Indices rally with eyes on Fed meeting – New York Report September 15, 2015 US stocks rose by more than one per cent yesterday after data showed healthy growth in consumer spending. However, this did little to remove uncertainty about whether the Federal Reserve will end seven years of near-zero interest rates when it meets on Thursday. The Dow Jones industrial average rose 228.89 points, or 1.4 per cent, [...]
Greek election 2015: Alexis Tsipras’s incompetence failed Greece’s debt crisis – show him the door September 15, 2015 This Sunday, the Greek electorate is being summoned to the ballot boxes for the third time this year. For the third time, they are unsure as to the reason. Back in January, an election forced by a quirk in the country’s constitution abruptly halted the reformist course of a coalition government that had brought [...]
Why national statistics have become sexy September 15, 2015 A potential candidate for the world’s most boring book is the Office for National Statistics’s National Accounts: Sources and Methods. This book, all 502 pages of it, is currently available in hardback on Amazon for just 1p. It does exactly what it says in the title, giving a detailed description of how the data in [...]
Complacency about Jeremy Corbyn is dangerous: He could push UK politics in a populist direction September 15, 2015 It wasn't that long ago, but it is easy to forget the market uncertainty that preceded the General Election in May, and the relief rally in UK shares that followed it. We saw particularly strong performance in equities sensitive to the outlook for domestic consumption after the election of a modest Conservative majority, deemed [...]
As the UK inflation rate falls back to zero per cent, does this reinforce the case for keeping interest rates low? September 15, 2015 Ruth Miller, UK economist at Capital Economics, says Yes We probably haven’t seen the back of negative inflation in the UK. Petrol prices have fallen further this month. The British Gas price cut will show up in September’s figures. Meanwhile, the strength of sterling should continue to put downward pressure on import prices. Admittedly, the [...]
England in UAE 2015: Zafar Ansari Test bow placed in doubt by cruel injury September 15, 2015 All-rounder Zafar Ansari suffered a cruel injury blow just hours after receiving his maiden Test call-up which threatens to thwart his chances of featuring for England against Pakistan in the United Arab Emirates this autumn. Ansari, who has scored more than 700 runs and taken 44 wickets this season, hurt his bowling hand while [...]
