‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Public calls for money lessons September 18, 2012 FINANCIAL education should be a compulsory subject at school, according to a poll released by MoneySupermarket yesterday. Responding to the question, “Is it important to teach children about managing money?” almost three quarters said that it was, and that it should be taught as part of the compulsory school curriculum. A further 22 per cent [...]
Civil service loses influence over government policy to outsiders September 18, 2012 CIVIL servants will have less influence on government policy following today’s announcement that a research contract has been handed to an outside organisation. The left-leaning IPPR think tank has been commissioned to carry out of a review of how foreign civil servants work to help with ongoing UK public sector reforms. The move is significant [...]
Occupy protesters mark anniversary September 18, 2012 A FEW hundred Occupy Wall Street activists gathered in New York’s financial district yesterday but police kept them well back from the New York Stock Exchange, which they had threatened to surround as part of a day of protests marking the movement’s one-year anniversary. Occupy activists had pledged to disrupt the morning commute in lower [...]
Shell delays drilling in Arctic until next year September 18, 2012 ANGLO-DUTCH oil giant Shell has delayed its exploratory drilling offshore Alaska until next year, after a vital piece of equipment used during testing was damaged. Shell, which has spent around $4.5bn (£2.8bn) in its efforts to drill in the Arctic seas, said it would suspend drilling as a containment dome used to hold oil was [...]
Falkland Oil and Gas reveals gas discovery at Loligo well September 18, 2012 OIL and gas exploration company Falkland Oil and Gas (FOGL) yesterday announced it had found gas at its Loligo exploration well in the Falkland Islands. The junior stock market-listed firm said yesterday it could not be sure if the gas was commercially viable, as it was unable to determine whether the gas had any liquid [...]
Analyst Views | What are your thoughts on Falkland Oil and Gas’s discovery? September 18, 2012 MIKE VAN DULKEN | ACCENDO MARKETS The Falklands region remains politically sensitive. While the well results show potential, gas is not what explorers in the area want to find. But the Scotia drilling could provide another share price rally. MALCOLM GRAHAM-WOOD | VSA CAPITAL The results don’t look that good as FOGL has no pressure [...]
China hits back at US complaint over trade laws September 17, 2012 CHINA filed a trade complaint yesterday to challenge a new US law allowing duties on subsidised goods from China. The move is seen as a tit-for-tat exchange with the US after Washington said it would launch a complaint against Beijing’s support for car exports. The two cases could shift the focus to President Barack Obama’s [...]
City Views | Have you seen any signs of green shoots in the UK economy? September 17, 2012 COLIN HALL | OUR IT DEPARTMENT LIMITED Things have got slightly better, and business has improved slightly over the last six to eight weeks, but it’s too early to say if there are any signs of green shoots. The construction figures are pretty worrying but it’s still early days in terms of the recovery. IAN [...]
Dollar slips on New York data September 17, 2012 THE DOLLAR slipped further against the yen yesterday after a measure of manufacturing activity in New York State came in much lower than expected. The Empire State manufacturing index fell to minus 10.41 in September from minus 5.85 last month. Economists had expected an improvement to minus two, according to a Reuters poll. The dollar [...]
Women losing out on UK jobs September 17, 2012 WOMEN are losing out on jobs being created in Britain, the Trades Union Congress (TUC) claimed today, as they move from full-time employment to part-time jobs and self-employment. Since the recession 170,000 fewer women are working as full-time employees, while 200,000 more describe themselves as self-employed. But the TUC says that selfemployment often pays very [...]
