Christmas adverts 2015: It’s not just about John Lewis – here are all the other adverts including Marks & Spencer, Burberry, Waitrose, TK Maxx, Curry’s PC World, Argos – but nothing from Tesco yet November 6, 2015 Yes, yes, we know, there's a mournful man on the moon and a girl with a telescope and the whole of the UK is crying. But Christmas is not just about the John Lewis advert. There are some other retailers with festive ads of their own to share. Here's the best Christmas adverts the UK [...]
Sterling falls off a cliff as Bank of England keeps interest rate hike at bay November 6, 2015 Mark Carney’s Bank of England pushed sterling off a cliff yesterday by suggesting that interest rates could stay anchored to their historic low until 2017. Having said earlier in the year that a rate hike could come towards the end of 2015 or start of 2016, the Bank’s governor appears to be diverging from the position [...]
Sammy or Hallie? Canary Wharf seal’s existential crisis continues after docklands’ ice rink opens November 5, 2015 Canary Wharf’s resident seal just can’t catch a break. The marine mammal, who has been fed on the finest salmon sashimi from Billingsgate Market for around ten years, has had his fair share of problems from washed-up debris to an ongoing identity crisis. Canary Wharf Group recently opened the financial district’s ice rink to much [...]
Bank of England: No UK interest rate rise under present conditions until 2017 November 5, 2015 If global market conditions remain as they are we are unlikely to see an interest rate rise in the UK until spring 2017, according to the latest inflation report from the Bank of England (BoE). The pound fell sharply on the news, and at pixel time was trading at 1.526 against the dollar. The BoE said since the [...]
Bank of England lowers UK growth outlook to 2.7 per cent as MPC votes 8-1 to hold interest rates November 5, 2015 The Bank of England's monetary policy committee (MPC) lowered their UK growth outlook to 2.7 per cent from 2.8 per cent today, as its more hawkish members failed to be convinced of the merits of a rate rise. Although some economists had expected Kristin Forbes or Martin Weale to join the ayes, Ian McCafferty was left alone voting to [...]
Investors hold back after Fed hint on rates – New York Report November 4, 2015 Investor caution after Federal Reserve Chair Janet Yellen yesterday pointed to a possible rate hike in December weighed on Wall Street, retracing recent gains along with energy shares. The Dow Jones industrial average fell 50.57 points, or 0.28 per cent, to 17,867.58, the S&P 500 lost 7.48 points, or 0.35 per cent, to 2,102.31 and [...]
Yes, the Bank could hike before the US Fed – but only if it ignores China November 4, 2015 Who will raise interest rates first – the US Federal Reserve or the Bank of England? It’s not quite a Usain Bolt versus Justin Gatlin-esque fastest-man-on-earth debate. As rates have been so low for so long, perhaps long-distance runners Paul Tergat and Haile Gebrselassie are a better analogy, with the rate-hiking decision having more of [...]
Visa, King and BG Group deals push global M&A over $4 trillion mark for the first time in November November 4, 2015 Visa's $23.3bn (£15.2bn) offer for Visa Europe on Monday tipped the volume of global mergers and acquisitions over the $4 trillion mark for 2015 so far – the highest it's ever hit by this point in the year. Research by Dealogic showed Visa, along with a gaggle of acquisitive tech and pharma companies, pushed global volumes 38 per cent higher [...]
Janet Yellen: Fed rate hike next month is a “live possibility” November 4, 2015 US Fed chief Janet Yellen just dropped an r-bomb, calling a rate hike next month a "live possibility". In a speech to Congress' House Financial Services Committee, Yellen said if growth continues as expected over the next few weeks, a rate hike is possible – although "no decision at all has been made on that". [...]
British banks eagerly await Visa statement – New York Report November 1, 2015 Visa is the one to watch in the US today, as Britain’s banks line up for a payout from the £14bn sale of Visa Europe. The payments company is expected to be bought out by the US company Visa Inc, when it reports results later on. Tesla, the maker of electric cars, is set to [...]