Turkey inflation rate hits 25 per cent as lira takes another hit October 3, 2018 Turkey’s rate of inflation surged to nearly 25 per cent last month as the crisis engulfing the country’s currency hit consumers with huge increases in prices. Consumer prices grew 24.52 per cent compared to September last year, as President Tayyip Erdogan and US President Donald Trump refused to back down over a row about the [...]
Italian borrowing costs rise to four-year high as Rome-Brussels confrontation looms October 2, 2018 The cost of borrowing for the Italian sovereign rose to its highest since 2014 today amid investor fears of a face-off with the EU over the size of the deficit under the populist government’s spending plans. The yield on a 10-year sovereign bond, which moves inversely to prices, surged by more than 20 basis points [...]
Technology drives change: How blockchain made me take on the online payment space October 2, 2018 Micropayments are not a new concept – they’ve been tried before, but due to high transaction costs and poor usability, previous attempts to achieve mainstream adoption have been unsuccessful. For example, under the current banking infrastructure, payment service providers are charging base fees of 10-30p per transaction plus a percentage, making it very difficult to [...]
Offshore oil and gas workers balloted on North Sea strike action October 2, 2018 Offshore oil and gas workers are being balloted over strike action in the North Sea. GMB members working under the Offshore Contractors Association (OCA) agreement have called for a 4 per cent increase in basic pay and allowances. Workers are being balloted on whether they would support industrial strike action and action short of strike [...]
Erdogan accuses US of using pastor with ‘dark links’ to terrorists to justify sanctions October 1, 2018 President Recep Tayyip Erdogan has accused the US of using a pastor with “dark links” to terrorists groups to justify imposing sanctions on Turkey. Evangelical pastor Andrew Brunson, detained in Turkey on terrorism charges, has long been at the centre of the diplomatic spat between the two countries. Read more: Turkish courts will decide the [...]
Shares drop as Just Group CFO announces departure amid regulatory uncertainty October 1, 2018 Just Group's shares fell sharply on news this morning that chief financial officer Simon Thomas is to step down at the end of the month. Shares initially declined by nine per cent, but had recovered to a drop of five per cent by around midday. Read more: Mercer slams CMA for data errors in pension [...]
Oil prices hit four-year high as markets await US sanctions on Iran October 1, 2018 Oil prices hit a four-year high this morning as the market reacted to ongoing uncertainty over US sanctions on Iran. Brent crude – considered the international benchmark – rose almost half a per cent to $83.09 (£63.70) per barrel in early trading, after rising as high as $83.32. Read more: Iranian foreign minister claims country [...]
Ryanair rocked by profit warning October 1, 2018 | City Talk Ryanair shares have sold-off severely this morning after the airline confirmed that profit would be 12% below the previous forecast. The group now expects full-year profit to be between €1.1 billion and €1.2 billion, and the previous guidance was between €1.25 billion and €1.35 billion. Ryanair cited higher costs regarding fuel and flight compensation regulations [...]
Aston Martin narrows price range ahead of IPO October 1, 2018 Aston Martin has narrowed the price range for its IPO later this week. The luxury car manufacturer is now set to float shares at between 1,850p per share and 2,000p per share, tightening its previous range of between 1,750p and 2,250p. Read more: Aston Martin staff set for cash reward as it gears up for [...]
