Pounds jump up a cent against the dollar as Carney unites the Bank of England against further QE July 17, 2013 None of the Monetary Policy Committee (MPC) wanted more quantitative easing at the last meeting, the Bank of England's minutes reveal. Of the nine MPC members zero voted for increased asset purchases. The pound has spiked up against the dollar on the news. Gilt yields have spiked up following the MPC minutes this morning pic.twitter.com/vtDWn2n1Pj [...]
Bale drops hint at Spurs stay by signing new three-year BT deal June 30, 2013 SOUGHT-AFTER Tottenham star Gareth Bale has given the biggest indication yet that he is to reject the lure of a move to one of Europe’s top clubs this summer after signing a three-year deal to become an ambassador for BT Sport. The new channel will broadcast 38 live Premier League games from next season and [...]
Cranes fill London sky as construction soars June 24, 2013 BUILDING activity across London has more than trebled since its low in mid-2010, booming to a four-year peak, data showed yesterday. Office construction has risen eight per cent over the past six months to 9.7m square feet of space under construction, bouncing off lows of 2.7m in the third quarter of 2010. The figures, in [...]
Dedicated Federer of fashion February 27, 2013 THERE IS a problem. It is 8am in Dubai and a freak storm has descended over the improbable desert city. Where there should – statistically, at least – be clear, azure skies, there is a mulch of saggy grey cloud. This is a problem because I was supposed to be boarding a helicopter to Roger [...]
Barclays bonuses cut by £450m February 27, 2013 Sky News reports that Barclays will be reducing its staff bonus pool by £450m. This comes as a result of the Libor-rigging scandal, and is in excess of the £291m fines imposed by US and UK regulators. Barclays will still award £1.8bn in bonuses to staff. This has not yet been confirmed by Barclays. The [...]
Did the UK’s double-dip happen? February 27, 2013 Sky's Ed Conway has looked more closely at the ONS' re-estimate of GDP for the first quarter of 2012. The present estimate shows a contraction of only -0.083 per cent. Ed notes that re-estimates are common practice: The ONS continuously updates its estimates of economic growth in previous years as new, more comprehensive data flows in. [...]
Hungary enough to eat a horse February 26, 2013 A watchdog has now found horse masquerading as beef in Hungary, as near daily revelations start to give a picture of the scale of this continent-wide mislabelling scandal. Data from Kantar today showed that sales of frozen burgers in the UK are down 43 per cent in the four weeks to February 17, and frozen [...]
Berlusconi projected to seize Senate win February 25, 2013 Senate projections are in: Rai: Berlusconi 31 per cent, Bersani 29.5 per cent, Grillo 25.1 per cent, Monti 9.6 per cent Sky: Berlusconi 31 per cent, Bersani 29.7 per cent, Grillo 26 per cent, Monti 8.2 per cent The euro heads back down against the dollar: (Source: Yahoo! Finance) The [...]
Italian markets positive as voting closes February 25, 2013 Voting has closed in Italy, and Sky has released instant polls (not exit polls) that show the centre-left clearly in the lead as we predicted earlier: Bersani 34.5 per centBerlusconi 29 per centGrillo 19 per centMonti 9.5 per cent While the outcome is not yet certain and will largely depend on voting in Lombardy, markets [...]
Private equity firm Doughty mulls listing cable ties maker February 24, 2013 CABLE ties manufacturer HellermannTyton yesterday emerged as the latest company to be eyeing a float on the London Stock Exchange this year. Doughty Hanson, the private equity firm which acquired HellermannTyton in 2005 for around £300m, has hired Goldman Sachs and JP Morgan to work on the listing, Sky News reported yesterday. The news comes [...]