Generation rent on the rise: UK private rental sector set to outstrip households with mortgages July 21, 2015 The plight of Britain’s generation of renters was laid bare this morning, as new figures showed that those in the private rental sector could outnumber mortgage-holders in a decade. City analysts say there are now 5.4m households in the UK’s private rental sector – more than double the same figure from 2001. By 2025, [...]
Barclays and UK fraud office eye deal over criminal probe into Qatar July 21, 2015 Barclays is widely believed to be in talks with the Serious Fraud Office (SFO) over a potential deal to resolve a long-running criminal probe into the bank’s dealings with Qatari investors in 2008. The SFO has proposed the possibility of a deferred prosecution agreement (DPA) linked to the bank’s fundraising activities during the financial crisis. [...]
S&P upgrades Greek credit rating ahead of vote today July 21, 2015 STANDARD & Poor’s yesterday upgraded its foreign and local currency long-term sovereign credit ratings on Greece to CCC+ from CCC-, and said the outlook for the country is stable. The ratings agency said the change “reflects Greece’s improved liquidity perspective”, following the agreement reached with the Eurogroup last week regarding a three-year loan programme for [...]
Mark Carney points to interest rate hike at the turn of this year July 21, 2015 The Bank of England will need to decide around the turn of the year whether the time is right to start to raise interest rates from their current record low, its governor Mark Carney said last night. Carney, speaking at an event hosted by the Policy Exchange think tank, said the UK economy still faced [...]
Movietone newsreel to get the Youtube treatment July 21, 2015 The Associated Press and British Movietone, one of the world’s most comprehensive newsreel archives, are together bringing more than one million minutes of digitised film footage to YouTube. The channels will include more than 550,000 video stories dating from 1895 to the present day. Viewers will be able to see video from the San Francisco [...]
Old lady of threadneedle street prepares for sweeping changes July 21, 2015 THE NUMBER of monetary policy committee meetings is to be reduced to just eight a year, down from 12. This is just one of many areas chancellor George Osborne is planning to change as part of sweeping reforms package outlined in the Bank of England Bill. The Bank’s accounts are to be opened to the [...]
US corporate results round up July 21, 2015 Harley-Davidson Iconic bike maker Harley-Davidson yesterday beat Wall Street profit and sales expectations, despite reporting a drop in net income to $299.8m (£192.65m) from $354.2m a year earlier. Consolidated revenue at the Hell’s Angels favourite fell to $1.82bn, from $2bn this time last year. Sales in Asia rose 16.6 per cent – despite a strong [...]
UK tech firm Amino crosses the Atlantic to buy-up US internet TV rival Entone July 21, 2015 Internet TV provider Amino yesterday agreed a $73m (£46.7m) deal to purchase its leading US rival, Entone. The Cambridge-based company, which in May bought TV everywhere provider Booxmedia, is set to acquire Entone, a leader in the US internet protocol TV (IPTV) market and has more than 150 customers around the world. “The [...]
Ashley Madison’s hacking affair: Is a London IPO now a fling too far after data breach? July 21, 2015 Ryainair boss Michael O’Leary is no shrinking violet, but even Ashley Madison, the controversial adultery website hacked on Monday, proved too much for the colourful Irishman. The Ryanair chief was offered €120,000 (£84,350) by Ashley Madison last year to paint its logo on one of its planes, but turned them down. The incident [...]
US and Israeli police detain four over JP Morgan cyber attack July 21, 2015 US and Israeli police have arrested four people in Israel and Florida over securities fraud tied to computer hacks of JP Morgan, Bloomberg first reported. Although Israeli police spokesman Micky Rosenfeld said: “Three Israeli citizens were arrested on 16 July and have been remanded in custody, appearing in court in Rishon Lezion, near Tel Aviv,” Rosenfeld [...]
