Dell’s stockholders approve buyout by founder and Silver Lake September 12, 2013 Following a shareholder vote, Dell's buyout by Michael Dell and private equity firm Silver Lake has been approved. In connection with the transaction, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as [...]
From gluten free pet food to bespoke granola – the startups funded with taxpayer money September 12, 2013 A range of chewable baby bangles, a perfume for teenagers called ‘Pink Addiction’ and an alternative diet practitioner are all recipients of loans from the £69m government scheme Start Up Loans, which is supported by David Cameron. A list published by Downing Street has detailed the various new startups and New Enterprise Allowance [...]
Jeroen Hoencamp installed as Vodafone UK chief September 12, 2013 Vodafone UK has appointed Jeroen Hoencamp as CEO, successor to Guy Laurence. Hoencamp is currently Vodafone UK enterprise director. Hoencamp became Vodafone UK Enterprise Director in January. Prior to that he was Chief Executive of Vodafone Ireland for two and half years. Previously he held a number of marketing and sales roles in Vodafone Netherlands [...]
Four week average of US jobless claims hits March 2006 low September 12, 2013 US intial jobless claims fell 31,000 last week, to 292,000. Economists were predicting a rise from 323,000 to 330,000. The four week average of jobless claims is at its lowest level since March 2006.
End in sight for UK’s worst wage squeeze since 1920s September 12, 2013 The UK's record real wage squeeze may finally be coming to an end new research suggests. Since the start of 2008 real pay has fallen by almost seven per cent, says the Capital Economics report. (Release) According to the report, whilst some recovery is expected in overall incomes, a sharp rise in income growth is [...]
Greek unemployment still rising September 12, 2013 Greek unemployment has risen to 27.9 per cent during June, compared with 27.6 per cent in May. Youth unemployment remains high: Greek youth unemployment rate more terrifying than ever: 58.8% — Olly Barratt (@ollybarratt) September 12, 2013
Carney concedes that markets expect unemployment to drop faster than Bank of England projections September 12, 2013 Bank of England govenor Mark Carney has conceded that markets are pricing in a rate hike before the Bank of England's projections show unemployment falling to the central bank's seven per cent threshold. Carney said that until unemployment falls to seven per cent that rate hikes will not be considered. However, forward guidance documentation already [...]
European industrial production sees unexpected fall for July September 12, 2013 Figures from Eurostat show an unexpected dip in industrial production for the eurozone. Whilst June saw an up of 0.6 per cent, July has come in down -1.5 per cent – analysts consensus had predicted a fall of just 0.1 per cent. A surprisingly large decline in industrial production in July for #eurozone, -1.5%. Back [...]
Bank of America bullish on Britain – Sees UK stocks up 30 per cent by end of 2015 September 12, 2013 A note published today shows Bank of America Merrill Lynch is bullish on the UK's prospects. Their comments below. John Bilton, European investment strategist: After 5y of slow growth the UK recovery is picking up paceThe UK economy shrank 7% peak to trough in 2008/9; and in the last 4y grew at just 1% per [...]
Hot weather sees Argos sell more fans in two weeks than the whole of 2012 September 12, 2013 Home Retail Group, the owners of Argos and Homebase, has seen like-for-like sales grow at both retailers in the 13 weeks to 31 August (release). Argos has seen like-for-like sales up 2.7 per cent in the second quarter as net sales space rose 0.3 per cent. Some benefit from the recent UK heatwave, as Argos [...]
