Hot sauce: Tesco launches new sandwich store to fight Pret A Manger September 1, 2014 Another day, another sandwich bar opens. So what's new? Well this time, it's Tesco which is launching a brand new sandwich shop format – selling premium subs and hot breakfast to City workers. This morning the supermarket opened its first small format sandwich store, conveniently located a stone's throw away from City AM's [...]
Premier League: Spurs suffer as Rodgers talks up title August 31, 2014 TOTTENHAM HOTSPUR 0 LIVERPOOL 3 AT WHITE HART LANE LIVERPOOL boss Brendan Rodgers believes his side’s performance in the mauling of Tottenham yesterday proved the Reds can mount a title charge despite the close season loss of mercurial talisman Luis Suarez. The visitors served notice of their intentions with an early Raheem Sterling goal before [...]
US economy roars back stronger than ever after arctic conditions August 28, 2014 THE US economy’s bounce back from polar conditions early this year was even stronger than statisticians initially expected. GDP jumped by 4.2 per cent on an annualised basis during the second quarter, a larger increase than the four per cent which was initially projected. Business investment was revised upwards significantly, with an 8.2 per cent expansion recorded, [...]
European bond yields fall further after Draghi’s hints at quantitative easing August 27, 2014 European bond yields fell again on Wednesday, as the knock-on effect from a speech by European Central Bank (ECB) president Mario Draghi continued to quell investors' fears over muted growth. Germany's 10-year yield fell to 0.9 per cent in London (and a record 0.91 per cent in New York), while Spanish 10-year yields fell to [...]
Why France could be the euro’s weakest link – CNBC Comment August 25, 2014 In a world where we are sold pups on a daily basis by both policymakers and the market snake-oil salesmen, yesterday’s Bank Holiday trading on the Continent was a great example of how we continue to lap up the nonsense we are fed. There I was, one of the few people in the Square Mile [...]
Golf Comment: Ryder Cup hope Gallacher must copy Donaldson August 25, 2014 IF STEPHEN Gallacher needs any further inspiration in his last-ditch attempt to qualify for a first Ryder Cup then he need look no further than fellow Briton Jamie Donaldson. Last week I mentioned that Donaldson was at risk of being pipped to a place on the European team due to his absence from the FedEx [...]
Fed’s Janet Yellen hints at an early rate rise August 22, 2014 New US Fed chief Janet Yellen raised the prospect of an earlier-than-expected rise in interest rates during her first address to the audience of central bank chiefs at the Kansas City Fed's symposium in Jackson Hole, Wyoming on Friday. Yellen, who started her job in February this year, studiously avoided making any commitments to new [...]
Janet Yellen’s Jackson Hole speech: Full text August 22, 2014 Janet Yellen opened the Kansas City Fed's symposium in Jackson Hole, Wyoming on Friday for the first time since she was installed as chair of the US Fed. Her speech, on the subject of "labour market dynamics and monetary policy", called for "pragmatic" policy, and said there was "no simple recipe" to help the [...]
Divergence looms for Eurozone and US in Jackson Hole speeches August 21, 2014 WORLD-famous economists arrived at Jackson Hole yesterday, as the Kansas City Federal Reserve’s annual conference on monetary policy begins. Speeches today will come from Fed chair Janet Yellen and European Central Bank (ECB) boss Mario Draghi, the world’s two most important monetary policymakers. Analysts suspect that the speeches will display an emerging division between the [...]
Donaldson eyes Ryder Cup spot August 21, 2014 WELSHMAN Jamie Donaldson moved closer to sealing a European Ryder Cup place after posting a first round 66 to hold a one-shot lead in the Czech Masters yesterday. The 38-year-old holds the eighth of nine automatic places for Gleneagles due to his world points list position although victory in Prague would see him qualify via [...]