Rock bottom rates may be here for even longer November 26, 2013 INTEREST rates could stay at rock bottom for even longer than the Bank of England has promised, senior official Charlie Bean told MPs yesterday. The Bank has said it will consider raising rates when unemployment falls to seven per cent. But if inflation is at or below its two per cent target, the Bank could [...]
Five shocks that could hit businesses over the next few years November 26, 2013 BUSINESSES are often very good at predicting the trends in their own, narrow markets – but they are not always able to see the big picture clearly. So here are five possible shocks that firms and investors should look out for over the next three or four years. 1) THE SCOTTISH REFERENDUMA break-up of the [...]
City A.M. scoops top award November 26, 2013 City A.M.’s editor Allister Heath was yesterday named Business Commentator of the year by the judges at Editorial Intelligence’s prestigious Comment Awards, which celebrate the achievements of the UK’s finest print and online commentators. ALLISTER HEATH NOW RANKED 5TH MOST RESPECTED ECONOMIC AND BUSINESS COMMENTATOR IN UK Allister Heath has also soared up the rankings of [...]
What the other papers say this morning – 27 November 2013 November 26, 2013 FINANCIAL TIMES RBS faces possible criminal probe The Serious Fraud Office is considering a criminal investigation into allegations Royal Bank of Scotland defrauded companies by forcing them out of business, amid growing pressure on the bank over its treatment of SMEs. The SFO has conducted interviews with former executives of UK firms affected by RBS’s [...]
Analysts spread gloom ahead of Tesco numbers November 26, 2013 TESCO received an unwelcome early Christmas message from City analysts yesterday, as predictions of a further decline in third quarter like-for-like sales sent its shares down 2.5 per cent. Barclays predicted yesterday that the UK’s largest supermarket will report a 1.8 per cent fall in UK like-for-like sales next week compared with flat sales in [...]
City watchdog grilled by MPs on ENRC’s stock market admission November 26, 2013 THE UK’S financial regulator faced a grilling from MPs yesterday over its decision to admit troubled miner ENRC to the London stock market six years ago. David Lawton, director of markets at the Financial Conduct Authority, told a committee of MPs that he was not aware of a report published by law firm Herbert Smith [...]
Prices up with permits in US house market November 26, 2013 US CONSTRUCTION is still building strength, according to official figures released yesterday, which showed that the number of building permits issued has risen back over 1m for the first time in five years. The upbeat figures helped propel the Nasdaq to its first close above 4,000 for the first time in 13 years. In October, [...]
Met police officer charged with misconduct over plebgate affair November 26, 2013 PC KEITH Wallis has been charged with misconduct in public office over the plebgate scandal that cost Andrew Mitchell MP his job. Mitchell was forced to resign as chief whip over allegations that he called police officers “plebs” when attempting to leave Downing Street last December. Wallis is the first police officer to be charged [...]
UK risks fiscal abyss unless debt pile is tackled, think tanks warn November 26, 2013 GEORGE Osborne must do more to address the threat to the UK’s recovery from its mounting public debt, according to warnings from two think tanks this morning. As next week’s Autumn Statement looms, researchers are warning that a hike in interest rates would rapidly raise the cost of government borrowing, throwing the UK’s nascent recovery [...]
HP results beat predictions but drop from 2012 November 26, 2013 REVENUES dipped for computer giant Hewlett-Packard (HP) during its fourth fiscal quarter, with a three per cent drop from the same period last year registered. HP’s revenues came in at $29.1bn (£17.94bn) during the three months to the end of October, but earnings per share dropped further, down 13 per cent to $1.01. In total, [...]
