Monetary policy debates rage on as UK’s economy heats up September 3, 2013 The UK's economy is heating up – but economists haven't stopped disagreeing with each other. The monetary policy debates are as fierce as ever. Andrew Sentance, senior economic adviser at PwC and ex-Monetary Policy Committee (MPC) member has argued for a rate hike in the Telegraph. If the recovery does gather momentum in the UK, [...]
Deutsche Bank upgrades Nokia stock to hold on Microsoft tie-up September 3, 2013 Deutsche Bank has just upgraded Nokia to hold on news of the Microsoft-Nokia tie-up that's seen shares in Nokia jump by 45 per cent on the open. Kai Korschelt, research analyst, Deutsche Bank: Selling D&S to MicrosoftThis morning Nokia announced that it is selling its Devices & Services business to Microsoft for E3.8bn and a [...]
Finance minister Guindos believes Spain will return to growth this year as unemployment refuses to budge September 3, 2013 Spanish unemployment hasn't changed in August, after a rise of 64,900 last month. Analysts had predicted an unemployment rise of 5,200 in August. Finance minister Luis de Guindos announced that he believes Spain will see slightly positive economic growth in the second half of the year, with the jobs number showing a stabilising market. The [...]
Before the open – 03/09 September 3, 2013 The markets haven't yet opened, and it looks like the Microsoft-Nokia tie-up is going to be today's big story. Nokia shares are being called up between 25 and 40 per cent. With little else happening after US markets were closed for Labour day yesterday, and talk on Syria pushed back until 9 September, we may [...]
Nokia shares jump 45 per cent on Microsoft tie-up September 3, 2013 A huge technology deal done behind closed doors has been announced, with Microsoft's purchase of Nokia's mobile phone business for €5.44bn (£4.6bn) (release). Nokia shares have jumped 45 per cent on the news. Nokia shares up 45% on the open in response to the Microsoft news, back to 2012 highs. Chart: pic.twitter.com/1ouewLzMyA — David Jones [...]
Nobel prize winning London-born economist Ronald Coase passes away at 102 September 3, 2013 Accomplished economist Ronald Coase has passed away at 102 years of age. Born in London, Coase would later move to the US to pursue an incredibly successful career in Chicago. The Library of Economics and Liberty highlights that while incredibly influential, Coase's writings are sparse, saying that "in a sixty-year career he wrote only about [...]
Vodafone to pay investors £54bn September 2, 2013 Windfall for shareholders after Verizon Wireless stake sale sealed VODAFONE will pass a massive £54bn windfall to its shareholders after agreeing a record-breaking deal with American telecoms group Verizon. The £84bn deal – the second largest in corporate history, according to Dealogic – for Vodafone’s stake in the largest US mobile network Verizon Wireless, was [...]
British start-up bosses working shorter weeks September 2, 2013 BRITISH bosses of small business enjoy a short working week compared to competitors in other major economies, clocking up an average of just 37.6 hours even when tasks like checking emails after work are included in the total. And UK entrepreneurs take 21.4 days of annual holiday, above their US counterparts who take just 10.1, [...]
Chancellor clarifies new tax breaks for oil and gas September 2, 2013 THE CHANCELLOR today gave the oil and gas industry a welcome boost by clarifying tax reliefs and urged Scotland to remain part of the UK to maximise the North Sea’s remaining energy reserves. In a speech at the Offshore Europe conference in Aberdeen, George Osborne unveiled new Treasury analysis into Scotland’s economy, which highlighted detrimental [...]
Vodafone rides into an uncertain future after Verizon sale September 2, 2013 The sun was shining brightly yesterday on the first proper day back to work after the summer holidays and unless you were leaving a parked car in the shadow of the Walkie Talkie building in Eastcheap that had to be a good thing. The financial markets were in fine fettle too, with the FTSE 100 [...]
