The FTSE 100 has reached another record high January 3, 2017 The FTSE 100 smashed a new record as investors returned to their desks after the New Year break. London’s blue chip index briefly broke through the 7,200 points mark before paring to just below 7,180 points at the close – yet another record-breaking measure. It recorded a rise of over 60 points on Tuesday to peak at [...]
UK manufacturer confidence reaches highest point for two and a half years January 3, 2017 UK manufacturers saw confidence levels reach a 30-month high as output and new orders strengthened, according to a closely watched indicator. The manufacturing purchasing managers’ index (PMI) rose to 56.1 in December, up from 53.6 in November, as the sector ended the year on a high note according to data compiled by IHS Markit. The [...]
The 10 companies where directors earn the highest salaries January 3, 2017 Thinking of climbing the career ladder in 2017? C'mon, who isn't, let's be honest. It's a new year bringing new opportunity, after all. But if you're looking to make the leap to director level, or are eyeing a change of scenery at that level already, some moves are worth making more than others – when [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
From Brexit to Trump, interest rates to the steel crisis, these are the pictures that defined business in 2016 December 28, 2016 Let's face it, a lot's happened this year. 2016 was the year that brought us surprise, seismic political changes, pushed commodities markets through yet more turbulence and took down another stalwart of the British high street. @afneil If you're at a Quiz in the future and the question starts 'Which year did . . ' [...]
Bitcoin price surges past $900 mark for first time since December 2013 December 23, 2016 The Bitcoin price has been given a boost of Christmas cheer today after blasting through the $900 barrier after rising more than $100 in the last two days. The price of a single Bitcoin has risen more than 14 per cent in the last three days and only surged past $800 on Wednesday. Yesterday, its market capitalisation smashed [...]
Deutsche Bank and Credit Suisse share prices rise after multi-billion pound settlements with US Department of Justice December 23, 2016 Deutsche Bank and Credit Suisse's share prices have risen this morning after the two lenders agreed to multi-billion dollar settlements with the US Department of Justice (DoJ). Deutsche Bank announced it had reached a $7.2bn (£5.8bn) agreement in principle with the US authorities early this morning over the sale and pooling of mortgage-backed securities in the run-up [...]
US sues Barclays bank and two former executives for mortgage securities fraud December 23, 2016 The US department of justice has sued Barclays and two former executives on civil charges of fraud relating to the sale of mortgage-backed securities during the run-up to the 2008-9 financial crisis. Several major US banks, including JP Morgan Chase and Bank of America have already paid millions of dollars to settle similar claims. Deutsche Bank [...]
Bitcoin market cap smashes through $14bn barrier: Equivalent to the average market cap of a FTSE 100 firm December 22, 2016 Bitcoin prices today leapt by five per cent, breaking records for the overall value of the digital currency in existence and taking its price to the highest level for three years. Around 12.5 new Bitcoins come into circulation every 10 minutes. And this meant today the today market capitalisation of bitcoins broke through the $14bn [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]