Dovish statements from ECB president Mario Draghi send the euro tumbling again November 3, 2015 The euro fell against the pound and the dollar last night, following European Central Bank (ECB) president Mario Draghi reiterating the dovish comments he made in October. Speaking at a cultural event in Frankfurt, Draghi repeated that the ECB would review the degree of monetary stimulus required at the next governing council meeting in December, [...]
At the close: FTSE 100 marginally up despite slides from housebuilders and Standard Chartered November 3, 2015 The FTSE 100 closed marginally up on Tuesday after energy stocks rallied to counter to slides in housebuilders' stocks and Standard Chartered's share price. The FTSE 100 ended the session 0.2 per cent up at 6,374. Housebuilders were hit after being downgraded by Liberum, a broker, to "sell" saying the largest housebuilders' valuations were "too optimistic". Barratt [...]
London house prices: Renting in the capital? These are the best postcodes to find a flatshare in London, based on supply and cost-per-month November 3, 2015 Renting in London? You're not the only one. More and more of the capital's population are living in shared flats and houses – but it's been leading to some pretty extreme situations. There's been a mattress in a cupboard in Clapham, on offer for a snip at £500 a month (excluding bills). Then there was the [...]
UK house prices: It’s not just London where luxury house price growth is slowing – prime property price growth is slowing across the world November 3, 2015 It's well known that price growth among London's most high-end properties has slowed in recent months as various factors – including a punishing stamp duty regime and a slowdown in China – took effect. But it turns out it's not just London where prices have slowed: growth is slowing across the world. The Prime Global Cities [...]
EU referendum: More than half of Londoners believe Brexit will boost house prices November 3, 2015 On the fence about Britain’s EU membership? If you’re a London homeowner, this news may sway you. More than half of Londoners believe that leaving the EU will strengthen the value of their home. (No mean feat when the capital’s housing market is already the most overvalued in the world.) Across the nation, homeowners are [...]
University education is failing to create work-ready students November 3, 2015 More than half (54 per cent) of education experts believe that post-secondary educational institutions, such as universities, fail to adequately prepare students for work, a World Innovation Summit for Education (WISE) study has today revealed. Despite this, 69 per cent of the 1,550 educational experts from around the world, including teachers and education policymakers, questioned [...]
Sales staff more driven by salary than any other profession in UK, find Randstad November 3, 2015 Salespeople are more driven by their pay packet than those in any other profession, a survey released today by recruitment company Randstad has discovered. In the survey of more than 10,500 workers, over two-thirds (69 per cent) of those in sales said salary and benefits is a top consideration when moving jobs, compared to a [...]
IT talent being lured out of London by other Tech Cities, finds Experis report November 3, 2015 Technology talent could be tempted away from London, with almost one in three IT jobs now being offered outside of the capital, a study released today by resourcing specialist Experis has found. Experis’s latest Tech Cities Job Watch report revealed that the number of IT jobs advertised in London dropped by eight per cent to [...]
UK export sales drop to six-year low and risk going into reverse – BCC and DHL November 2, 2015 Export sales have fallen to their lowest levels in six years according to the British Chambers of Commerce (BCC) and logistics company DHL. London saw its trade performance drop by 7.8 per cent over the previous quarter, while Wales recorded the largest decline, of 13.3 per cent. Scotland was the only part of the UK [...]
Venezuelan economy in worst state since 1940 – Capital Economics November 2, 2015 A lack of official economic data coming out of Venezuela has not stopped experts at Capital Economics from trying to quantify the crisis. The Capital Economics Venezuelan GDP Tracker has found the collapse in oil price as over the last 12 months has meant output is now contracting by close to 10 per cent year-on-year. [...]