Facebook sued: Data protection trial opens in Vienna as 25,000 users seek damages for privacy violation April 9, 2015 A Vienna court yesterday started hearing a class action lawsuit against Facebook over the social media giant’s alleged violations of European privacy laws. However, the first, four-hour, session was bogged down by Facebook’s lawyers, who presented a long list of procedural objections to the court. The suit has been brought by law student Max Schrems, [...]
Pensioners keen to take control of retirement plans, survey finds April 9, 2015 Fears that pensioners would fritter away their savings on luxury purchases have not been borne out since the rules surrounding pensions were changed at the beginning of this week. The reforms have granted savers new freedoms, allowing them to access their pension pots for the first time, and just one per cent of 50-75 year [...]
City Moves for 10 April 2015 | Who’s switching jobs April 9, 2015 Payne Hicks Beach Kathryn Bradbury has been appointed partner in the law firm’s private client department. She specialises in immigration, and joins from Gherson. Bradbury has particular expertise in EU free movement cases, and has also worked at the Legal Aid Agency. Peel Hunt The corporate broking, advisory and trading house has announced two senior [...]
New mediocre is the new reality as Lagarde warns of low growth April 9, 2015 THE HEAD of the International Monetary Fund (IMF) yesterday warned that the global economy’s “new mediocre” phase of low growth risked becoming the “new reality”. Speaking ahead of next week’s spring meetings of the IMF and World Bank, Christine Lagarde said the recovery from the 2008 financial crisis was continuing, with global growth last year [...]
UK Mail anticipates delivering modest growth as revenues rise April 9, 2015 DELIVERY service UK Mail yesterday said in a trading update that it anticipated modest growth, leading to cautious predictions about overall 2014 performance. Year end expansion in all operating divisions apart from pallets, which closed in January, fostered a one per cent rise in reported group revenues for the year ended 31 March 2015, compared [...]
Best of the Brokers for 10 April 2015 April 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com CRANSWICK Numis reiterated its “hold” rating on the food producer. The broker described it as a “strongly managed concern with a good track record and decent prospects”, and highlighted a major investment programme due to be commissioned in autumn. Target price was trimmed [...]
Burberry and asset managers lift FTSE to 7,000 – London Report April 9, 2015 BRITAIN’S FTSE 100 rose yesterday, as a recovery in emerging market-exposed stocks and gains in Burberry, driven by bid speculation, kept the index near all-time highs. The blue-chip index .FTSE closed up 1.1 per cent at 7,015.36 points. It hit a record high of 7,065.08 in March. With just weeks to go before the 7 [...]
Wall Street closes up on crude rebound – New York Report April 9, 2015 ENERGY shares led the US market higher yesterday as crude oil rebounded off a sharp decline, while investors bet that companies would top lowered expectations this earnings season. The Dow Jones industrial average rose 56.22 points, or 0.31 per cent, to 17,958.73, the S&P 500 gained 9.29 points, or 0.45 per cent, to 2,091.19 and the [...]
General Election 2015: There’s a deafening political silence around those who opt to go private April 9, 2015 Anthropologists argue that, to explain a situation, you have to examine its “silences”. The General Election is no different. In almost every area where government remains active, there is a growing group of voters who pay their taxes and then “go private”, but remain politically unacknowledged. In healthcare, the UK is already a world away [...]
The housing crisis could extinguish London’s growth: No party has a solution April 9, 2015 For the best part of 30 years, London’s renaissance has seemed unstoppable. The 1980s “big bang” created a tidal wave of regeneration which swept over the city, reinvigorating areas of decline and nurturing a globally competitive super region. While an exodus of businesses and investment once appeared inevitable, London is now a hive of startup [...]
