UK recovery boosts Capital & Regional August 12, 2015 SHOPPING centre real estate investment trust Capital & Regional said the strength of the London property market and the recovery across the rest of the UK helped to fuel a better-than-expected rise in the value of its properties. The firm, which owns shopping centres, including The Mall in Wood Green, said its net asset value [...]
US jobs figures pave way for interest rate lift August 12, 2015 THE US could raise interest rates next month after a robust set of labour market data published yesterday. The number of US job opportunities was a strong 5.25m in June after edging down slightly from May’s record 5.36m, according to the Labor Department’s job openings and labour turnover survey (Jolts). The survey also showed the [...]
Centamin share price jumps as dividend grows August 12, 2015 GOLD mining firm Centamin said yesterday that falling gold prices and a drop in sales had hit earnings during the second quarter to 30 June. However, shares in the company jumped by 11.16 per cent, after the group reported an increase in production in the three months, and said it was gathering “encouraging results” from [...]
City Moves for 13 August 2015 | Who’s switching jobs August 12, 2015 Weightmans The law firm has appointed Seva Singh as partner in its large loss and technical claims insurance division. He joins from DAC Beachcroft, and specialises in high value personal injury litigation handling. Octopus Investments Pete Daffern has been appointed venture partner at the venture capital firm. He joins Octopus with 25 years’ experience, and [...]
Dow yo-yos 300 points – New York Report August 12, 2015 US STOCKS rebounded in afternoon trading yesterday to end little changed as energy shares and Apple offset continued concerns about a slowdown in China. The Dow Jones industrial average fell 0.33 points to 17,402.51, the S&P 500 gained 1.98 points, or 0.1 per cent, to 2,086.05 and the Nasdaq Composite added 7.60 points, or 0.15 [...]
Forget nationalisation: UK railways need a radical dose of devolution August 12, 2015 It's been a torrid time for Britain’s railways lately. In the last six months – as many a hard-pressed City A.M. commuter will know – there have been bad tempered strikes on the Tube and commuter railways. Channel Tunnel trains have had to run the gauntlet of tyre-burning port workers in Calais as well as [...]
What future for forecasts? It’s time economists grappled with the flaws in their models August 12, 2015 Macroeconomic forces influence truly vast sums of money, but the process of analysing them is notoriously unreliable. Economic forecasting is often very wide of the mark and seriously inaccurate just one year ahead. Traditional economic forecasting has conspicuously failed to identify turning points in the economic cycle, while the highly sophisticated DSGE (dynamic stochastic general [...]
Ignoring A-Level results is not the best way to build a truly diverse workforce August 12, 2015 Today's A-Level results are a welcome release of tension for students, as many begin to contemplate university and their career paths. But are first-rate grades and university degrees still top of the wish list for businesses? A recent poll by KPMG revealed that 80 per cent of UK adults believe that success is driven by [...]
As wage growth slows to 2.4 per cent in June, is the UK economy now a cause for concern? August 12, 2015 Calum Bennie is a savings expert at Scottish Friendly, says Yes While this moderate wage growth seems like good news for a steady as she goes economy, in reality, it suggests that the underlying situation is more fragile than we thought. In addition, the recent devaluations of the Chinese yuan have, in two fell swoops, [...]
Tottenham told to wait for £12m Lyon striker Njie August 12, 2015 TOTTENHAM have been warned that they will have to wait to sign forward Clinton Njie from Lyon, despite striking a £12m deal for the Cameroon international. The French club’s president Jean-Michel Aulas confirmed the quick, versatile 21-year-old was close to a move to White Hart Lane but that Lyon wanted to land a replacement before [...]
