US and European shares recover from turbulent week October 18, 2014 US and European stock markets rebounded on Friday, following a turbulent week in which shares fell to their lowest prices in months. US stocks were up by more than one per cent at close, with the S&P 500 experiencing its biggest gains in over a week. The Dow Jones Index was up by 1.6 [...]
Bank of England’s Andrew Haldane: Interest rates could stay lower for longer October 17, 2014 The Bank of England's chief economist Andrew Haldane has warned that interest rates may need to be kept lower for longer due the deteriorating state of the world economy. The BoE kept rates at their record lows of 0.5 per cent last week citing concerns over health of the global recovery, lacklustre wage growth in [...]
US Fed stimulus hint sees markets go topsy-turvy October 16, 2014 INVESTORS throughout the world endured another rollercoaster ride yesterday, as the price of assets was jolted around amid volatile trading. The FTSE 100 initially jumped out of bed, gaining 70 points at the open. Yet the previous day’s hangover soon kicked in and the blue chip index slumped to 6,072 points – its lowest level [...]
FTSE 100 recovers on Fed hopes of continuing stimulus scheme – London Report October 16, 2014 Britain’s top equity index yesterday cut most of its daily losses to close almost flat as a Federal Reserve official hinted at a continuation of the central bank’s asset purchase programme. The FTSE 100 closed down just 0.3 per cent at 6,195.91 points after hitting its lowest level since June 2013 at 6,072 points earlier [...]
With the FTSE 100 trading close to 12-month lows, will it fall further by the end of the year? October 13, 2014 Laith Khalaf, senior analyst at Hargreaves Lansdown, says Yes. The FTSE is currently trading below its long-term average compared to company profits, but that doesn’t mean it won’t go further into deficit. Markets are fickle beasts over the short term, and there’s no telling how long, or deep, the current bout of risk aversion will [...]
Car review: The Lexus NX 300h is an eco-friendly drive that doesn’t skimp on gadgets October 13, 2014 Pulling away in a car on a wave of silence still doesn’t make sense in my brain. I’ve driven plenty of electric and hybrid cars, but every time I gently move off from a standstill on a peacefully eerie surge of current-fed calm, it still gets me. I’m experiencing this soothing yet unsettling [...]
Mountain a new challenge this ski season October 13, 2014 1. Tirol, Austria White 5 pass is valid for 10 days from 1 October 2014 to 15 May 2015, for €358 per person, tirol.com If you just can’t wait to go skiing or you want to beat the peak season rush, Austria is the perfect destination this month. The five Tirol glaciers encompass 229km [...]
Fintech kings talk starting from scratch, old clients and handing businesses a lifeline October 12, 2014 In Holborn last week, a three year-old London-based company held a party to celebrate reaching £250m of business since its inception. If that doesn’t sound impressive, by the time the event was held, MarketInvoice was already nearing £270m. “We seriously underestimated repeat usage,” says co-founder and chief executive Anil Stocker. “Companies see how the platform [...]
Richard Branson: How passion can change your life October 12, 2014 Buzzwords can get tiresome, and “passion” is one that’s thrown around liberally. We’re told it pays to be passionate in our jobs, and that passionate leadership is the best kind. But however fed up most might feel with the word, Richard Branson has always been passionate about passion – arguing it got him to where [...]
Royal Mail share price wavers as £18m deal over French fine is struck October 9, 2014 Royal Mail revealed yesterday that it had set aside £18m to pay an out-of-court settlement with French competition authorities over an alleged breach of antitrust rules in the country. The £18m pot set aside is split into £12m for the fine and £6m to tackle legal costs associated with the case, which is still under [...]