Boohoo sets the online shopping trend to start the New Year January 10, 2017 Boohoo.com has ended 2016 on a high and looks set to continue the form into the New Year, with the online clothing retailer reporting strong increases in revenues and raising its revenue guidance for the start of this year. The figures Revenues grew 55 per cent, with growth in America particularly impressive: US revenues increased by [...]
London job placements reach 10-month high as concerns grow over immigration skills shortages after Brexit January 10, 2017 Demand for workers in London has reached a 10-month high as vacancies in the capital increase at the quickest pace since February – but concern about Brexit controls on freedom of movement has led to calls for a more open policy on immigration. Recruiters found that permanent placements of workers with companies grew for the second month [...]
Experts say experts under threat: A third of economists think central bank independence is under threat January 9, 2017 Almost a third of European economists believe that central bank independence will come under increased pressure over the next four years, according to a new survey. 32 per cent of economists polled in a survey by the Centre for Macroeconomics and the Centre for Economic Policy Research (CEPR) think politicians will try to gain more [...]
Eurozone youth unemployment rises sharply despite wider EU falls January 9, 2017 Unemployment in the European Union fell to its lowest point since February 2009 but youth unemployment rose sharply, adding further weight to concerns about the uneven nature of Europe's recovery. The unemployment rate in the EU fell to 8.3 per cent in November, down 0.1 percentage points from the month before, according to the European [...]
Ireland hard border with UK could be inevitable after “pig in a poke” Brexit says top Irish diplomat January 9, 2017 A hard border between Ireland and Northern Ireland could be inevitable if the UK leaves the EU’s Single Market, according to an influential Irish diplomat – while saying Leave voters in the EU referendum were “sold a pig in a poke”. Speaking in an interview with the Irish Independent newspaper, Phil Hogan, the EU commissioner [...]
Weak sterling pushes FTSE 100 to open at yet another record January 9, 2017 The FTSE 100 has opened at a record high, building on last week’s string of positive performances, with sterling weakness providing a Monday boost. London's blue chip index rose as far as 7,239.26 points, its highest point ever, after ending last week at 7,210.05 points. Sterling fell as low as €1.1542 against the euro at the [...]
It’s official: The UK government is no longer the largest shareholder in Lloyds Bank January 9, 2017 The government is no longer the largest investor in Lloyds Bank, after it reduced its stake to below six per cent for the first time since it was bailed out in the financial crisis. The stake now comprises 5.95 per cent of the FTSE 100 bank. The sale means that over £18bn of taxpayer money [...]
FTSE 100 closes above 7,200 for first time ever to end first week of 2017 on a high January 6, 2017 The FTSE 100 ended the first week of January on a high as it closed above 7,200 points for the first time ever, driven by healthy US jobs data and strong performances in the defence sector. London’s blue chip index has posted consecutive record closes since 22 December, and built on its winning streak on [...]
Boeing deliveries hit target but orders fail to match up in 2016 January 6, 2017 Boeing has announced it hit its delivery target of new planes in 2016, but new orders for the aircraft manufacturer failed to match up. 748 planes were delivered in 2016, according to the American aircraft manufacturer, compared to 762 airplanes delivered the year before. Boeing had previously said it would receive orders for new aircraft [...]
Four graphs that tell the story of jobs during the Obama administration – as Donald Trump prepares to be President January 6, 2017 US President-elect Donald Trump will come to office in two weeks’ time with the promise to “create a dynamic booming economy that will create 25 million new jobs over the next decade.” He might struggle. So far this has mostly taken the shape of tweeting at various companies planning to outsource production jobs to other countries, [...]
