Ubisense losses widen as on Europe’s woes August 17, 2015 Ubisense boss Richard Green labelled yesterday’s first-half figures as “clearly disappointing”, after the enterprise solutions group announced widening losses on 2014. First-half pre-tax loss rose to £7.5m, up over £5m from a loss of £2.1m during the same period last year. Looking to pin down the cause of the widening losses, Green said: “We have continued [...]
Hot Tub Cinema returns to London – with champagne August 17, 2015 City slickers – we know what you like. You like champagne. You like movies. You like doing normal weekend activities on rooftops and in weird circumstances. Well good news: Hot Tub Cinema is returning to London after a leaving Shoreditch residents for a UK tour last year. For those who aren’t familiar with the concept, [...]
UK house prices: Approvals of mortgages slip back in July as interest rate rise looms August 17, 2015 The number of mortgage approvals fell back in July against a backdrop of fears over a rise in the Bank of England’s interest rates, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor. There were 65,356 house purchase mortgage approvals in July, down 1.8 per cent from 66,582 in June and [...]
City Moves for 18 August 2015 | Who’s switching jobs August 17, 2015 Investec Roger Lee has been appointed to the bank’s large cap pan-European sales team. He joins from Macquarie, where he was first responsible for leading the development of its global sales platform in Asia and the Middle East, and subsequently relocated to London to develop its UK and European long-only coverage. Lee has over 20 [...]
Wall St rises as home building sentiment up – New York Report August 17, 2015 US STOCKS rose yesterday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media. The Dow Jones industrial average rose 67.78 points, or 0.39 per cent, to 17,545.18, the S&P 500 gained 10.9 points, or 0.52 per cent, to 2,102.44 and the Nasdaq Composite added 43.46 [...]
Why the government should take outsourcing a radical step further August 17, 2015 Government raids on the methodology of business are commonplace. Some are more successful than others. But as the challenge of George Osborne’s edict to contemplate departmental cuts of as much as 40 per cent sinks in, the search will intensify. As I sat recently in the splendidly refurbished BT Tower – a guest of [...]
Does NHS Survival have patients in mind? The only way to truly save the NHS is to liberate it from state control August 17, 2015 The summer is ebbing, football is back, and this weekend saw the launch of yet another campaign to “save the NHS”. The dramatically named NHS Survival – an “umbrella group bringing together patients, public and professionals” – echoes previous dire warnings that we had “24 hours to save the NHS”, or “14 days to save [...]
The next crash: Why the global hotel boom signals probable disaster ahead August 17, 2015 It’s seven years since the last crash. We know there will be another one soon but where will it happen? Looking at the cranes in the sky has always been a reliable indicator. I remember surveying Reykjavik’s skyline in 2007 and wondering who was going to live in the fancy apartments being erected. Now they’re [...]
As the first Labour leadership votes are cast, should Tories celebrate Jeremy Corbyn’s popularity? August 17, 2015 Laura Swire, director of Hanover Communications, says Yes If we can agree that the point of politics is to gain power and effect change, then we can agree that the Conservatives should be celebrating Jeremy Corbyn’s popularity. He would be a noisy Opposition leader, but never Prime Minister. Under Corbyn, Labour will be arguing for [...]
Plunging oil pushes back the all-important first Fed hike – etoro Tips & Picks August 17, 2015 OIL prices dipped further in the Asian session overnight yesterday, with US crude trading around $42 a barrel. A report from some investment banks has argued that we could well see oil trading lower still from these levels. A lot of technical traders point to the fact that we could be looking towards $35 per [...]
