EU referendum: 42 per cent of the small business vote can still be swayed February 26, 2016 Much of the small business vote can still be swayed ahead of the impending European Union referendum, according to new research. Research from the Federation of Small Businesses (FSB) today found that 42 per cent of the small business vote on the UK's membership of the EU could still be won by either the "Leave" [...]
Oil price rises despite a hike in US stockpiles February 25, 2016 Oil bounced back late last night after losing ground earlier in the day. The rise was due to Venezuela reaffirming a mid-March meeting of oil producers that would include Saudi Arabia, Russia and Qatar. Saudi has been working to broker a deal with both Opec and non-Opec countries to stabilise prices that have slumped 70 per [...]
Business secretary Sajid Javid says the steel sector won’t be bailed out like banks amid industry pressure February 24, 2016 Britain's steel industry should not expect to be bailed out in the same way that banks were after the financial crisis, according to business secretary Sajid Javid. Speaking at the EEF National Manufacturing Conference, Javid gave a stark warning that public funds will not be used to help out the crisis-struck steel industry, which has seen thousands [...]
Oil price climbs as US demand outpaces supply February 24, 2016 Oil prices bounced this evening after US petrol demand over the past four weeks offset a rise in crude oil stockpiles. Demand for petrol soared by over five per cent compared to a year ago, while stockpiles of oil in the US rose by 3.5m barrels in the week, hitting an all-time high of over 507m barrels. [...]
EU referendum: Terra Firma boss Guy Hands wants UK to stay in EU arguing Russia would be the only winner from Brexit February 24, 2016 Russia is the only certain winner from Brexit, a prominent City financier has warned ahead of the impending EU referendum. Terra Firma boss Guy Hands said that Britain should stay in the EU, arguing the whole discussion around Britain's potential exit from the EU was an example of how "we take peace for granted". "The [...]
Fifa elections 2016 candidates: Everything you need to know about Sheikh Salman, Gianni Infantino, Prince Ali, Tokyo Sexwale and Jerome Champagne February 23, 2016 Now the disgraced Sepp Blatter has finally been given the boot, Fifa will elect its first new president since 1998 next week with five candidates in the running for football's top job. The diverse ballot list features a former anti-apartheid campaigner, two members of gulf state royal families, a former French diplomat and a bilingual [...]
Saudi oil minister denies Opec is at war with US shale but rules out production cut, sending the price of crude lower after multi-day gains February 23, 2016 The Saudi oil minister Ali al-Naimi has denied Opec is at war with the shale oil industry, though has said production cuts are not going to happen. His comments have pushed the oil price down by around two per cent to $31.87 dollars per barrel for West Texas Intermediate and $33.33 for Brent crude. The oil price [...]
First homes revealed at Quebec Quarter as part of 10-year revamp at Canada Water February 23, 2016 Champagne sits in a bucket, ready to be poured into designer flutes and raised to the unusually high ceiling in the show room of a two bedroom apartment. Earlier in the week, this very room had convinced a cash buyer from Paris to part ways with around £800,000 cash for a second home. These are [...]
City Moves for 23 February 2016 | Who’s switching jobs February 23, 2016 The Moment The Moment, an international content agency that specialises in bespoke training solutions, has appointed Sir Jonathon Band as chairman of its advisory board, for its advanced digital learning division. Jonathon will oversee quarterly meetings that will guide and challenge the capability of the learning business. Jonathan joined the Royal Navy after graduating from [...]
WTI and Brent crude oil price floating on calm seas after a rough week February 22, 2016 The oil price has remained stable this morning, coming off the back of a week of wild swings. International benchmark Brent crude this morning is up by around two per cent at $33.08, however US West Texas Intermediate jumped by over over four per cent to $32.84, up from under $30 at the close of [...]