Yet another sign that the Eurozone economic recovery is stalling July 17, 2014 This time it's construction. Construction output across the Eurozone dipped 1.5 per cent in May compared with April, according to the EU's statistics agency with the up until now powerhouse of the recovery, Germany, leading the index down. Civil engineering fell by three per cent and building construction by 1.1 per cent in the 18-member [...]
More Britons moving banks thanks to new rules, but nowhere near the expected radical shift July 16, 2014 Measures simplifying the bank switching process in the UK have resulted in a 16 per cent increase in people moving accounts, but the figure is significantly lower than industry analysis had anticipated. New rules ensuring that the UK's 46m current account holders can swap their bank within seven days resulted in a marked increase in [...]
Manchester United hungry to win with Japanese noodle maker sponsorship deal July 16, 2014 Manchester United may have been waiting for Louis van Gaal to begin work as the club's new manager before getting down to the real business of the transfer market, but they've certainly been busy signing up sponsors. After announcing a blockbuster £750m kit deal with German sportswear giant Adidas on Monday, the Red Devils today [...]
Real wages continue fall to dash hopes that cost of living crisis is easing July 16, 2014 The recovery is still some way off reaching people's pockets, as earnings growth slowed to a meagre 0.3 per cent in the three months to May, according to the Office of National Statistics. Average earnings for the three months to May fell from a revised 0.8 per cent figure for April to its lowest [...]
We know nothing about it, but revenues from Apple’s iWatch tipped to double Rolex sales in a year July 15, 2014 It doesn't even have a release date yet, but revenues from Apple's smartwatch could be twice as high as sales at watch making giant Rolex in its first year. That is what watchers of the Cupertino-based tech stalwart at investment bank Morgan Stanley believe, as they appear to have full confidence that Apple's attempt to [...]
Jean-Claude Juncker wants to “reindustrialise” Europe as new Commission boss July 15, 2014 No surprise here, but Brussels veteran Jean-Claude Juncker, the man who became David Cameron's public enemy number one last month, has officially been elected president of the European Commission. Former Luxembourg Prime Minister Juncker received 442 votes in favour and 250 against in today's secret ballot among MEPs, which rubber stamped his election to the [...]
Mark Carney: My Mansion House speech was designed to shake up markets July 15, 2014 Remember that Mansion House speech when Bank of England governor Mark Carney shocked markets by saying that interest rates could come sooner than expected? Well that was exactly the point. Replying to a question from MPs on the Treasury Select Committee about whether the surprise statement made in the Mansion House speech was to "shake [...]
One in ten Britons looking for work abroad July 15, 2014 One in ten UK workers are seeking employment abroad, with France the preferred destination. That's according to a new study on cross-border global labour mobility from the Indeed Hiring Lab, the research branch of job site indeed.com. After France, Italy, the US, Canada and South Africa are the most popular destinations for those looking for employment [...]
Inflation jumps to biggest monthly increase since October 2012 July 15, 2014 UK consumer inflation unexpectedly jumped to 1.9 per cent in June, according to latest figures from the Office of National Statistics (ONS). Headline annual consumer price inflation (CPI) recorded a much higher increase than had been forecast, rising 0.4 percentage points on the May figure. That is the biggest monthly increase since October 2012 [...]
“Not fit for purpose” UK broadband is damaging business July 14, 2014 The UK's broadband is not up to scratch, with thousands of businesses still unable to reap the benefits of high speed internet. A new report published by the Federation of Small Business (FSB) says that broadband targets in the UK are not ambitious enough and will not meet the future demands of UK businesses, as [...]