UK house prices: High first-time buyer confidence heats up the housing market in August September 25, 2015 The market for new buyers, who have been boosted by government schemes such as help-to-buy, has had a strong summer. First-time buyers sales climbed 11.9 per cent in August compared with the same month last year to match July’s eight-year high of 30,200, figures released today by estate agents Your Move and Reeds Rains (YMRR) [...]
Glencore share price hit worst in fallout from China’s slowdown: The scale of impact on commodity stocks and financial services revealed September 25, 2015 Just one month after plummeting Chinese equity markets sent shockwaves across global stock exchanges, industries around the world are seeing the damaging effects that China’s slowdown is having on jobs, growth and investment. “The Chinese slowdown and the Chinese economic rebalancing are pretty remorseless,” Kit Juckes, macro strategist at Societe Generale, told City A.M. [...]
Rugby World Cup 2015: Wales have not broken rules, fumes Warren Gatland September 25, 2015 Wales coach Warren Gatland has issued a robust rebuttal to suggestions of cheating after England’s Pool A rivals became embroiled in a row involving the use of non-World Cup squad players. Governing body World Rugby slapped Wales with an official warning for using players outside of their nominated 31-man party during a training session on [...]
Max Mosley: F1’s closed cockpits safety plan is nonsense September 25, 2015 Former motorsport chief Max Mosley has rubbished proposals to introduce closed cockpits after a run of recent accidents. Mosley’s comments come ahead of this weekend’s Japanese Grand Prix, which marks the first anniversary of Marussia driver Jules Bianchi’s fatal accident. “A closed cockpit is a nonsense because there are so many downsides,” Mosley said. “The [...]
BCC: Prime Minister’s renegotiations are key to winning business backing over EU September 25, 2015 Half of top businesspeople polled by the British Chambers of Commerce (BCC) said that Prime Minister David Cameron’s renegotiation efforts with the European Union will impact how they vote in the in/out referendum. The BCC asked 2,000 senior business leaders what they would do if the vote were held tomorrow, and found 63 per cent [...]
We need to defuse our pensions timebomb – The City View September 24, 2015 The current debate over Europe’s migration crisis centres on how many refugees each country “can afford to absorb”. The implication is that each person who migrates into an area brings an economic cost, and that allowing them in is an act of charity. But there are many economists who argue that this just [...]
EU referendum: City may see long-term Brexit benefits says Capital Economics September 24, 2015 Brexit may not be so bad for the City after all, according to a new note from Capital Economics. Vicky Redwood, chief UK economist at Capital Economics, published a note yesterday that said a “British exit [Brexit] from the EU would probably hurt the City in the short term”, but would “not spell disaster” for the [...]
London hotels helped by Cup scrum September 24, 2015 LONDON hoteliers saw a record 2014 and while 2015 has so far failed to live up to last year, the Rugby World Cup could take total annual occupancy to a 10-year high, according to new data from PwC. PwC expects London to see occupancy growth of one per cent, for 2015, taking it to 84 [...]
Fuller’s and Young’s vying to purchase London’s Cubitt House September 24, 2015 FULLER, Smith & Turner and Young’s – two of Britain’s largest pub groups – are competing to acquire a collection of popular London drinking venues. In a move that highlights continuing demand for premium sites in the sector, the groups are vying to buy Cubitt House, which owns three pubs in Belgravia, Central London, and [...]
Marks and Spencers looking to sparkle with new lingerie and womenswear designer September 24, 2015 Marks and Spencers yesterday announced the appointment of its first director of design for womenswear, lingerie and beauty. The appointment of Queralt Ferrer, a former Inditex executive, is part of an attempt by Steve Rowe, the retailer’s new head of its non-food businesses, to revive the fortunes of M&S’ flagging women’s department. Ferrer will report [...]
