Economists predict Bank of England will hold UK interest rates on Thursday November 1, 2015 Economists have predicted that the Bank of England (BoE) will keep interest rates at 0.5 per cent on Thursday. So-called Super Thursday will see the BoE release a range of information, including the interest rate decision, an inflation report and Monetary Policy Committee (MPC) meeting minutes. Dr Howard Archer, chief UK & European economist at [...]
EU referendum: Almost three-quarters of London’s professional practices fear a Brexit November 1, 2015 Almost three-quarters (71 per cent) of London’s professional practices believe Britain leaving the EU would have a negative impact on their business, Smith & Williamson has revealed exclusively to City A.M. However, only 38 per cent of firms outside of London and the South East questioned in the accountancy group’s Professional Practices Survey thought that [...]
Turkey’s lira strengthens against the dollar after 2015 election result November 1, 2015 Turkey’s lira strengthened almost three per cent against the dollar, the strongest it has been since mid-August, after today’s election results. The lira reached 2.84 to the dollar in low-volume trade today, compared to Friday’s close of 2.91. Today’s election results see Turkey’s ruling Justice and Development Party (AKP) win back a majority, which it lost [...]
Commerzbank chief Martin Blessing to leave in October 2016 November 1, 2015 Martin Blessing, chief executive of Commerzbank, has today announced he will step down from his position when his contract expires in October 2016. Blessing has been on the bank’s board of managing directors for 15 years and has held the chief executive post since 2008. Commenting on his decision, Blessing said: “I was delighted to [...]
ITV’s Jekyll and Hyde could be too scary for Ofcom, after watchdog receives 459 complaints November 1, 2015 Tonight’s episode of ITV show Jekyll and Hyde is bound to be filled with frights, but things have become scary off-screen too. On Thursday, TV watchdog Ofcom announced it would be launching an investigation into the show, after receiving 459 complaints. Viewers complained that the content of the first episode of the show, which aired [...]
UK pensions: People unwilling to pay full price for pensions advice, warns charity Citizens Advice October 29, 2015 Just two per cent of people are willing to pay a typical independent financial advisor’s (IFA) fee for pensions advice, research from charity Citizens Advice revealed today. While 47 per cent of the more than 2,000 people surveyed said they would be happy to spend some sort of fee for advice on defined contribution pension [...]
Brits plan on spending £700m on smart technology to protect their homes, finds Allianz Insurance October 29, 2015 Britons plan to splash out £700m on smart technology to protect their homes, with one in five people planning to invest, an Allianz Insurance study revealed today. According to Allianz Insurance’s Smart Tech Safer Homes study, forward-thinking Londoners are leading the way. Those living in the city having already spent £774 on average on smart home-protection [...]
Britions plan on spending £700m on smart technology to protect their homes, finds Allianz Insurance October 29, 2015 NULL
Equities remain the best-selling asset for fifth month in a row, finds the Investment Association October 29, 2015 Equities remained the best-selling asset type for the fifth month in a row, with net retail sales of £1.1bn in September 2015, figures from the Investment Association revealed today. The September sales results for equities are up from August, when net retail sales for equities were £526m, significantly down from net retail sales in July [...]
Unnecessary rules, inadequate resources and office politics top the reasons for poor employee productivity October 29, 2015 Fussy managers may be responsible for slowdowns in the workplace, as having unnecessary rules came top of a list of reasons for poor productivity in a study released today by the Chartered Institute of Personnel and Development (CIPD). The CIPD’s latest Employee Outlook Survey, which was prepared in partnership with Halogen Software, also points the [...]
