Wage growth jumps again while unemployment falls to another post-financial crisis low May 13, 2015 Average weekly wages excluding bonuses rose by an inflation-busting 2.2 per cent in March, official figures published this morning showed – a welcome relief for consumers. Read more: Bank of England cuts UK growth forecasts Meanwhile, unemployment fell to another post-financial crisis low of 5.5 per cent (that's the best figure since July 2008), while [...]
Chuka Umunna joins the race to replace Ed Miliband for Labour May 12, 2015 SHADOW business secretary Chuka Umunna has officially thrown his hat into the ring to become the next leader of the Labour party. Umunna, the MP for Streatham, made the announcement in a video posted on Facebook yesterday. In the film, which appeared to have been made with a handheld camera, Umunna stood on a street [...]
Who will be the next Labour leader? Chuka Ummuna launches his leadership bid May 12, 2015 Chuka Umunna is in the running to become the next leader of the Labour party, confirming his widely suspected intention in a video posted on Facebook. The shadow business secretary and MP for Streatham has been widely tipped for the role. He made a number of media appearances in the immediate wake of the election [...]
Hackney voting issues: Registration problems leave at least 100 residents unable to vote as polls open on day of General Election May 7, 2015 A technical error with the government's new online voter registration system has left at least a hundred residents in Hackney unable to vote as polls opened this morning, despite registering on time. Many more who completed their registration before the 20 April cut-off date, but were not registered due to a backlog, were left unable [...]
The A-Z of the 2015 General Election night: What time do polling stations open, how to find your nearest one, and when results come out May 7, 2015 If you're wondering what time the polling stations open, to how you can you find out which one they need to go to, to how long you'll have to stay up if you want to watch the results as they come out. From absentee ballots to voters who choose "zero", here's our quick A-Z guide of [...]
21st Century Fox earnings down despite box office film successes May 6, 2015 Rupert Murdoch’s 21st Century Fox yesterday reported a hit to its earnings for the third quarter, after asset sales and the fact it did not show the Super Bowl. Net income fell seven per cent to $975m (£640m), from $1.06bn a year earlier. The media giant posted quarterly revenues of $US6.8bn, which were down from [...]
Markets rise but Big Mac shares decline – New York Report May 4, 2015 WALL Street ended higher yesterday as corporate earnings came in better than feared, although shares of McDonald’s declined after the fast-food chain’s turnaround plan left investors wanting more. Berkshire Hathaway rose 1.62 per cent, giving the biggest boost to the S&P 500 as the insurance and investment conglomerate’s results beat forecasts. The Dow Jones industrial [...]
The Leap 100 have fallen out of love with British banks April 29, 2015 THE NARRATIVE of growing businesses struggling to find finance is familiar: post-crash, banks won’t lend and cash for expansion can be difficult to access. On the face of it, the experiences of The Leap 100 give the lie to this simplistic tale: 64 per cent say that they haven’t found it difficult to access sufficient [...]
Escaping the City: Thousands of people are starting to leave and do their own thing – here’s how they make the leap April 29, 2015 Hidden behind a mountain of shoe boxes in the middle of a Surrey Quays office block, Eralp Bayram and Michael Haynes can be found staring determinedly at their laptops as they try and work out how to turn the footwear industry on its head. With children's shoe shopping stuck firmly in the off-line realm, the [...]
Poor data in the US and at home send FTSE down – London Report April 28, 2015 WEAK data at home and poor results across the Atlantic meant the FTSE 100 faced its biggest one-day drop in nearly a month yesterday. The FTSE 100 closed 73.45 points lower, or one per cent, at 7,030.53 points, retreating from a record high of 7,122.74 hit on Monday. The index extended losses in afternoon trade [...]