2015 may be best year in a decade for UK households April 20, 2015 CONSUMERS are enjoying a boom year as prices stay flat and wages rise, according to analysts at Deloitte who say it could be the best year for households since 2005. And the economy could be accelerating further. Economists at EY today disagreed with the Office for Budget Responsibility and the International Monetary Fund, forecasting a [...]
Ed Miliband’s an instant hit with hen party April 20, 2015 ED Miliband’s battle bus rumbled into Chester on Saturday to be greeted by a group of women on a hen weekend. Described as “the stripper” in the ensuing deluge of selfies on Twitter, he was even invited to the wedding itself. Clearly a hit with the group from Knutsford in Cheshire, Miliband invited bride-to-be Nicola [...]
Greek debt deadline: Mario Draghi urges Greece to hurry as default looms April 20, 2015 European Central Bank chief Mario Draghi has said the Greek government needs to do more work and do it urgently to conclude a deal on extra bailout cash. “More work, much more work is needed now and it’s urgent,” he said at the International Monetary Fund (IMF)-World Bank spring meetings in Washington. “We all want [...]
Workers strike as Deutsche Bank weighs up a sale of Postbank April 20, 2015 Deutsche Bank workers at its Postbank subsidiary voted to strike yesterday, as they demand employment protection amid a potential sale. A total of 94.8 per cent of the members of the Verdi union voted to strike indefinitely. To date, strikes have already closed 670 branches for as many as four days each. The union said [...]
General Election 2015: Decoded co-CEO Kathryn Parsons wants investment in the knowledge economy April 20, 2015 ELECTION COUNTDOWN: 17 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. KATHRYN PARSONS: CO-CEO, DECODED There was sufficient investment in the knowledge economy. The UK’s digital economy is predicted to [...]
Vince Cable warns of potential hiccup in Lloyds Bank shares sell-off April 20, 2015 A competition enquiry could upset Conservative party plans to sell billions of pounds of Lloyds Banking Group shares to the public by May 2016, Liberal Democrat business secretary Vince Cable said yesterday. The Competition and Markets Authority (CMA) is set to publish its final report on the personal current accounts and small business banking markets [...]
Newcastle fans boycott Tottenham Hotspur game in protest over Mike Ashley ownership April 20, 2015 A group of Newcastle fans boycotted yesterday’s home match against Tottenham Hotspur in protest against current owner Mike Ashley, calling on him to leave. The plans were announced last week as strong negative sentiment towards the club’s ownership was compounded when it was revealed that United had more then £34.1m in cash reserves. Fans are [...]
Alliance Trust wins backing of City bosses April 19, 2015 Embattled Alliance Trust boss Katherine Garrett-Cox won the support of a series of business bosses over the weekend, as the leaders spoke up in favour of her stewardship. Activist investor Elliott Advisors is pushing to add three new directors to the FTSE 250 investment group’s board, arguing that its executives need to be pushed harder [...]
City recruiter Morgan McKinley records big jump in job openings April 19, 2015 The second quarter will see a robust jobs market in the City, according to a new report out today. The number of job openings in financial services in London increased by 19 per cent in the past month, according to recruiter Morgan McKinley’s latest London employment monitor. The jump in job openings coincided with virtually [...]
Suitors take a New Look at fashion chain April 19, 2015 NEW Look’s private equity backers are mulling plans to offload the chain – and its burgeoning presence in China could attract Chinese buyers into a bidding war for the group. Chinese conglomerate Fosun, which took a stake in Thomas Cook last month, CDH and Citic Capital were all reported yesterday to have taken a look [...]
