At the close: FTSE 100 index closes lower on miners November 27, 2015 The FTSE 100 closed down today, led lower by miners after having made gains yesterday. The UK's top blue-chip index closed 0.28 per cent down, at 6,375 points, led lower by Anglo American and Glencore, after negative data from China was released showing that Chinese industrial profits fell 4.6 per cent in October. Miners, other than BHP Billiton, yesterday led [...]
England rugby head coach Eddie Jones joins Goldman Sachs board in Japan November 27, 2015 England rugby's head coach has landed a job on the side with Goldman Sachs. Eddie Jones, who coached Japan's national team for three years, has been appointed to Goldman's Japanadvisory board in Tokyo. The 55-year-old Australian, who was named as England's first foreign head coach a week ago, will be expected to attend meetings in [...]
COP21 Paris climate summit: Climate change is much more than an environmental problem – it threatens our financial stability November 26, 2015 Next week Paris will again be the focus of world attention. This time in the face of another global threat to us all: climate change. Over 100 world leaders, including Presidents Obama, Xi, and Putin, Chancellor Merkel, Indian Premier Modi and our own Prime Minister will attend. This will be the largest gathering of world [...]
Autumn Statement 2015: Fiscal watchdog spares Osborne’s blushes November 25, 2015 The government's fiscal watchdog gave chancellor George Osborne a huge boost yesterday, allowing him to escape the tax credits fiasco without it getting in the way of his plans to cut borrowing. Government borrowing looked like it was going to overshoot the £69.5bn target in the 12 months ending March and many believed Osborne would be [...]
Autumn Statement 2015: George Osborne’s speech transcript in full including stamp duty, business rates and corporation tax announcements November 25, 2015 Mr Speaker, this Spending Review delivers on the commitment we made to the British people that we would put security first. To protect our economic security, by taking the difficult decisions to live within our means and bring down our debt. To protect our national security, by defending our country’s interests abroad and keeping our [...]
Autumn Statement and Comprehensive Spending Review 2015: Housing set to dominate – as well as what time it starts, how to watch it and what will be in it November 25, 2015 Later today George Osborne will take to the despatch box to give his combined Autumn Statement and Comprehensive Spending Review. George Osborne has already tweeted the front cover of the document, saying it will "deliver economic and national security – the foundations of everything we do". Today's Spending Review will deliver economic and national security – the [...]
Autumn Statement 2015: Markets get spooked on political risks – London Report November 25, 2015 Woes in the travel and leisure sectors yesterday dragged down London’s blue-chip FTSE. The index closed down 28.26 points, or 0.5 per cent, at 6,277.23 points, extending the previous session’s losses. Russian President Vladimir Putin added to concerns after a Russian jet was shot down by Turkey on the Syrian border. The Russian leader described the [...]
Pound sterling edges down as Bank of England governor Mark Carney errs on the side of caution November 24, 2015 The pound edged down against the euro today after Bank of England governor Mark Carney failed to give any indication that interest rates might climb faster than markets expect. "The question in my mind is when is the appropriate time for interest rates to increase, and that is strongly consistent with the strength of the domestic [...]
De La Rue share price falls after the Bank of England’s money printer posts a 38 per cent drop in profits November 24, 2015 De la Rue share price plunged this morning after releasing its interim results. Having opened up at 466p, the banknote and passport maker's stock dropped to 434.5p, down 2.3 per cent from yesterday's close. The figures Profits tumbled by 38 per cent to the six months ending 26 September, from £20.6m in 2014 to £12.8m. Group sales were down [...]
HSBC investors back mooted move from UK November 23, 2015 Major HSBC shareholders have said they would back the bank if it were to relocate away from London. HSBC announced earlier this year it was currently reviewing whether it would remain in the UK, with Hong Kong and the US widely regarded as possible options. A spokesperson for Aberdeen Asset Management, one of HSBC’s top 10 [...]