Will the Federal Reserve cut rates in 2019? June 4, 2019 Ahead of a key speech by Federal Reserve chair Jerome Powell, markets are widely expecting the US central banker to offer a clear hint that the next move will be to lower interest rates, perhaps as early as this summer. 97.2 per cent chance of a cut The latest market indicators suggest a greater than [...]
Huawei reviews Fedex relationship after packages diverted May 28, 2019 Chinese telecoms giant Huawei is reviewing its relationship with Fedex, the US delivery company, after it claimed the firm diverted two parcels from Asia to the US. Huawei said that Fedex rerouted two deliveries sent from Japan to Huawei addresses in China to the US, and attempted to divert two more from Vietnam without authorisation. [...]
London house prices suffer UK’s steepest annual fall ahead of original Brexit deadline May 22, 2019 House prices in London plunged 1.9 per cent in the year to March, the largest annual fall in the country, ahead of the UK’s original Brexit date. UK-wide house prices jumped 1.4 per cent over the twelve months, but in London the average property price fell almost two per cent to £463,000, according to HM [...]
UK inflation rises above two per cent target as energy costs increase May 22, 2019 The UK’s core inflation rate climbed to 2.1 per cent in April, as rising energy costs pushed up by the higher Ofgem price cap fed into dearer prices in the economy, official statistics have revealed. Read more: UK economy bounces back, but is growth just a ‘flash in the pan’? Traditionally, inflation above the Bank [...]
Is two-year low the nadir for IAG shares? May 21, 2019 Investors have taken these results as a cue to pick up cheap stock, betting that the worst is over. In the context of its financial year, the first quarter will probably be one which International Consolidated Airlines Group (LSE:IAG) will want to forget. As can be seen from the demise of several smaller airlines over [...]
Employers refuse fathers who want to spend more time with their kids May 20, 2019 Businesses need to give new fathers more flexibility to look after their kids as nearly half of those who have asked for their working hours the be changed are refused by their employers, experts have said. Nearly 40 per cent of dads have asked for their hours to be changed to better fit around their [...]
Raising the standard: The male business chiefs helping the drive for gender equality May 20, 2019 Not all business leaders are joining the battle for gender equality. As more women are being pushed up the corporate ladder and trained for senior roles, some male chief executive officers (CEOs) privately admit to feeling belittled, excluded and minimised. They complain that “you can’t say what you think anymore” and it’s “PC gone mad.” [...]
US stocks fall as industrial sector contracts for third time in four months May 15, 2019 US industrial production unexpectedly fell for the third time in four months in news that will displease the Trump administration as it wages a trade war on China. Read more: European markets back in red following weak Chinese data Industrial production fell 0.5 percent in April, meaning output declined at an annual rate of 1.9 per [...]
Why did Lush, Apple and Wetherspoons quit Twitter? May 13, 2019 Tapping into a dissatisfaction with social media, cosmetics firm Lush recently announced that it would move away from it, justifying its decision by drawing attention to the financial and ethical cost of using social media. The move marks Lush as the latest brand to take a new approach online. It’s a global brand, whose environmentally-conscious [...]
Ajax 2-3 Tottenham: Lucas Moura’s hat-trick caps comeback and sends Spurs into Champions League final May 8, 2019 Just when you thought it couldn’t happen again, it did. Tottenham were dead and buried, 3-0 down on aggregate in a Champions League semi-final, away from home against an Ajax side who had already disposed of European heavyweights Real Madrid and Juventus. But they refused to be beaten, and through Lucas Moura’s hat-trick, completed in [...]