Jeremy Corbyn ‘could sack Bank of England governor Mark Carney’ if he wins labour leadership and makes it to 10 Downing Street August 25, 2015 Bank of England governor Mark Carney could be out of a job if Jeremy Corbyn becomes Prime Minister, one of Corbyn’s closest advisers has claimed. Tax expert Richard Murphy, who advises the Labour leadership hopeful and is widely credited as the mastermind of so-called Corbynomics, said yesterday that the Bank is beholden to parliament. “Bank of England [...]
Accounting changes hit Amlin’s first-half profit August 25, 2015 THE BOSS of insurance firm Amlin yesterday said the company is not up for sale, quashing speculation that the group would be the next to be swept up in the wave of consolidation seen in the market over the past 12 months. Chief executive Charles Philipps made the statement while discussing the company’s results for [...]
BlackRock buys PwC offices in Uxbridge from Aviva for £59m August 25, 2015 FUND manager BlackRock said yesterday that it has bought an office building in west London for £55.9m from Aviva Investors. The Atrium in Uxbridge is a 138,000 square feet (sq ft) office block let to companies including American oil and gas firm Anadarko and accountants PwC. Blackrock said the deal offers a net initial yield [...]
UK property: Britain’s struggling pub trade is yielding opportunities for supermarkets and residential developers August 25, 2015 The Grotto Inn on the top of Monument Hill in Weybridge was a thriving pub before falling on hard times three years ago. It was forced to call last orders after succumbing to competition from nearby bars and pubs and has lain empty since – its windows boarded up and beer taps gathering dust. [...]
The bubble finally bursts on Black Monday: Tea, walnuts, garlic, now the Chinese stock market August 25, 2015 Fermented tea, garlic, preserved walnuts, and mahogany furniture. All of these have soared in price at one stage in the last ten years as wealthy Chinese have looked for places to store their assets and make a quick buck. “There are relatively few investment options,” says Mark Williams of Capital Economics. The walnut [...]
Black Monday 2015: Shanghai shockwave wipes $1.6 trillion from global blue-chips in just one day August 25, 2015 More than one trillion dollars was wiped off the value of the world’s top companies yesterday, as panic on China’s trading floors sent shockwaves through global markets. Volatility soared to levels not seen since the aftermath of the financial crisis, prompted by renewed fears over the health of China’s economy and a near-nine per [...]
Arsene Wenger: Arsenal will find cure to scoring ills August 25, 2015 Arsenal manager Arsene Wenger insists he does not need to spend before next week’s transfer deadline to get his team scoring again after they drew a blank for the fifth time in six Premier League home games last night. Wenger conceded that Real Madrid had thwarted his attempts to prise France striker Karim Benzema from [...]
England set date to confirm World Cup player fate August 25, 2015 ANXIOUS England players waiting to learn their Rugby World Cup fate will be put be out of their misery when head coach Stuart Lancaster names his 31-man squad for the tournament on Thursday. Lancaster, who must cut eight players from those on duty in England’s two warm-up clashes with France, will unveil his squad at [...]
Ohuruogu dominates heat to reach 400m semi-final as Yousif eyes title challenge August 25, 2015 DEFENDING champion Christine Ohuruogu breezed into the women’s 400m semi-finals after a dominant performance in her heats at the World Athletics Championships in Beijing yesterday. Ohuruogu clocked a time of 51.01 seconds to post a conclusive victory as she returned to the stadium in which she became Olympic champion in 2008. Fellow Briton Anyika Onuora [...]
Treasury Committee chairman Andrew Tyrie asks Bank of England to revise code of conduct August 24, 2015 Treasury Select Committee chairman Andrew Tyrie has asked Bank of England governor Mark Carney to reexamine the rules governing the Bank’s monetary policy committee (MPC). Tyrie wrote to Carney yesterday about the naming of Gertjan Vlieghe, a senior economist at the hedge fund Brevan Howard, to the MPC. He said Vlieghe’s appointment, and the “subsequent [...]
