Greek government moves to rule out a bailout referendum May 13, 2015 A leading member of the Greek government yesterday insisted that a referendum to secure government support for its bailout strategy is not on the cards. It will instead try and reach a compromise with its lenders. Interior minister Nikos Voutsis said “We are working towards an honourable compromise. An immediate recourse to a referendum or [...]
Facebook launches new Instant Articles for speed reading online May 13, 2015 Tech giant Facebook made a leap into the publishing space yesterday, introducing Instant Articles, with big names signed up to launch it. The new product allows outlets to publish multimedia articles direct to Facebook, instead of them sharing links on the social network to drive users to their own website. News organisations can [...]
Garrett-Cox says dinosaurs plague industry May 13, 2015 Alliance Trust boss Katherine Garrett-Cox yesterday said gender equality in fund management was lagging due to “dinosaurs” in the industry holding it back. Garrett-Cox was speaking on a panel with Newton boss Helena Morrissey, WisdomTree’s Nizam Hamid and L&G Investment Management CEO Mark Zinkula at the Morningstar conference.
Surveyors say housing level at crisis point as rising UK house prices and weak supply spark “national emergency” May 13, 2015 House prices across the country climbed further last month as new listings fell at their fastest rate in six years, according to a new report published today. Thirty-three per cent more surveyors nationwide, and 28 per cent of respondents in the capital, saw prices rise in April, according to the latest Royal Institution of [...]
What will the new government do to build more affordable homes? May 13, 2015 Housing charity Shelter says 250,000 new homes need to be built in England each year to keep up with population increases. But current housebuilding rates are nowhere near those levels. According to the department for communities and local government, just under 120,000 homes were completed last year. On the campaign trail, the Conservatives made a [...]
Savills beats forecasts despite pre-election market wobble May 13, 2015 REAL estate adviser Savills said trading in the year-to-date had beaten expectations and was “substantially” ahead of the same time last year, despite seeing a slowdown in home sales in the run-up to the General Election. The property market came to a halt ahead of the General Election as prospective buyers and sellers awaited the [...]
Labour leader to be unveiled in September May 13, 2015 LABOUR party supporters will need to wait until September to find out who will replace Ed Miliband as the party’s leader. Acting leader of the Labour party Harriet Harman said late yesterday that the new leader would be announced at a special conference on 12 September. Harman took over as acting leader of the opposition [...]
TUI sheds Thomson brand as it opts to be known by one name May 13, 2015 IN 1965, when Roy Thomson first offered a cut-price trip from Manchester to Palma, families were only just beginning to enjoy the delights of a package holiday. Fifty years later, the eponymous package holiday brand has become a byword for cheap and cheerful trips to warm foreign shores. But yesterday TUI joint chief executive Fritz [...]
Salvatore Ferragamo profit lifted by currencies May 13, 2015 Italian luxury group Salvatore Ferragamo yesterday reported a 16 per cent rise in its first-quarter core profit as currency effects boosted sales in Asia and North America. Earnings before interest, tax, depreciation and amortisation totalled €61m (£44m) in the first quarter, marginally ahead of analysts’ consensus of €58m. Sales rose 10 per cent to €327m. [...]
Paul Walsh back in the running for CBI after Tory win – Inside Track May 13, 2015 At 9.55pm last Thursday, Lord Ashcroft confidently predicted at a party hosted by the former Conservative treasurer Michael Spencer that David Cameron was facing electoral annihilation. How things can change in a matter of minutes. Guests at Scott’s in Mayfair rejoiced as the exit polls showed the Prime Minister just ten seats from an [...]
