2015 General Election promises under the microscope: IFS tears into the top party’s manifestos April 23, 2015 The political parties’ manifestos were given a thorough going-over by independent think tank, the Institute for Fiscal studies yesterday. The researchers who conducted the analysis on the proposals from the Conservatives, Labour, Liberal Democrats and Scottish National Party (SNP) indicated that there are large and genuine differences between their offerings. However, all the [...]
Budget deficit drops but pre-General Election growth could disappoint Tories April 23, 2015 Chancellor George Osborne received a budgetary boost yesterday as figures revealed the government had cut the budget deficit, but weak retail sales could hit a key economic growth figure in the run up to the General Election. Government borrowing – as measured by the public sector net borrowing requirement excluding public sector banks – totalled [...]
David Cameron urges City workers: Labour-SNP coalition would be toxic for Britain – don’t put UK’s economic recovery at risk April 23, 2015 We have less than two weeks to save our economy. Stark, but true. At this election, the difference in economic policy on offer is more marked than it has been for a generation. The Conservative offer is clear: a continuation of the long-term economic plan that is turning our country around. Last year we were [...]
Hounslow trader accused of US flash crash remains in custody April 23, 2015 THE TRADER accused of sparking the 2010 US flash crash remained in custody yesterday afternoon as he fights extradition to the US. Navinder Singh Sarao, who is accused of making £26.5m by manipulating the US derivatives market, must put up £5m in bail but remains in custody while the agreement is signed off. US authorities [...]
Tesco appoints DTZ to sell HQ April 23, 2015 TESCO has appointed DTZ to sells its Cheshunt headquarters after the grocer’s shock decision in January to shut the office and move staff to its other corporate building in Welwyn Garden City. The property advisory firm said it is exploring selling the leasehold or the freehold of New Tesco House. It declined to comment on [...]
Mitsubishi unveils plans for city tower April 23, 2015 Japanese property firm Mitsubishi Estate has submitted plans today to convert the old Barings head- quarters in the City into a 40-storey office tower. The plans will see 6-8 Bishopsgate and 150 Bishopsgate replaced with a 71,501 square metre building.
US pharmaceuticals group Verseon begins road show for Aim listing April 23, 2015 CALIFORNIA-BASED pharmaceuticals group Verseon is working towards a £230m stock market listing in London. According to Sky News, the company, which uses proprietary technology to assist in the drug discovery process, has appointed Cenkos, the investment bank, to prepare it for a listing on the juior Aim market. Sky reported that Cenkos has recently begun [...]
Amazon figures lifted by North American sales April 23, 2015 AMAZON.COM reported higher-than-expected revenue in the first quarter as sales jumped in North America, the e-commerce giant’s biggest market. Revenue rose 15 per cent to $22.7bn (£15.08bn), the company said yesterday. Analysts had, on average, expected revenue of $22.39bn. Sales from North America climbed 24 per cent to $13.4bn in the first quarter ended 31 [...]
Starbucks results perked up by Japan buy April 23, 2015 STARBUCKS last night met forecasts with second-quarter net earnings of $495m, up from $427m a year ago. Its revenues were $4.56bn, up from $3.87bn a year ago. Starbucks said growth was driven by the purchase of Starbucks Japan and 1,511 new stores.
Mortgage lending lull ends as March registers upturn as General Election uncertainty fails to make slow demand April 23, 2015 Mortgage lending has picked up in March following a slow start to 2015, data released yesterday by the Council for Mortgage Lenders (CML) show. Gross mortgage lending reached £16.5bn, 21 per cent higher than in February and seven per cent higher than March last year. Lending remains below levels seen last summer and is far [...]
