From Nigeria to Singapore: How low crude oil prices are changing pirates’ tactics March 14, 2016 Piracy off the coast of Nigeria is estimated to cost over $7bn annually, with the bulk of costs affecting the oil industry. And over in Singapore, pirate groups can earn up to $1m for a successful tanker hijack. But the data suggests that plummeting oil prices are driving a tactical shift by pirates, replacing oil theft [...]
Eurozone industrial production rebounds to hit highest level since 2008 March 14, 2016 Industrial production in the Eurozone bounced back in January to reach its highest level since 2008. Output in manufacturing, mining and utilities climbed 2.1 per cent over the month, according to EU statistical office Eurostat. Compared with January 2015 it was 2.8 per cent higher. Ireland, Estonia and Germany led with monthly growth rates of 12.7 per cent, 4.9 per cent [...]
Brent and WTI crude: Oil prices fall back below $40 March 14, 2016 Oil prices fell back below $40 per barrel today as oversupply concerns trumped increasing optimism that the market had bottomed out. Brent crude, the global benchmark, reversed earlier gains to fall 1.63 per cent to $39.73 per barrel this morning. West Texas Intermediate crude, the US benchmark, slumped two per cent to $37.72. Iran indicated over the weekend [...]
Yu Group valued at £26m after being significantly oversubscribed ahead of IPO for Aim listing March 14, 2016 Gas and electricity supplier Yü Energy has priced its shares 185p, valuing the firm at £26m, ahead of its launch on Aim this Thursday. Yü, which supplies energy to small and medium-sized businesses, said it had been "significantly oversubscribed" in its placing with institutional investors. Shore Capital is Nomad and sole broker. The total placing, including the share sale, [...]
Yu Energy, a gas and electricity company aimed at providing services to SMEs , IPO oversubscribed after it announced its intention to float on the London Stock Exchange last month March 14, 2016 Yu Energy appears to be in hot demand as the energy supplier has found itself oversubscribed for the IPO it announced less than a month ago. The company, which focuses on providing SMEs with gas and electricity, has today revealed its placing price of 185p per ordinary share after raising £10m. "We have been delighted [...]
Know your audience: Quantcast CEO Konrad Feldman talks starting out in Silicon Valley and IPO March 14, 2016 Over the last decade, the marketing industry has laid down its scatter-gun and embraced big data, creating a virtuous circle which promises to make the ecosystem more efficient. Extant viewability issues aside, marketers can reach those likely to buy their products, publishers can monetise better, and consumers, in theory, are served ads they are likely [...]
Fashion chain Jigsaw takes piece of West End after signing up to the Crown Estate and Oxford Properties’ £400m St James’s Market scheme March 14, 2016 Jigsaw has become the latest retailer to sign up to the Crown Estate and Oxford Properties’ £400m St James’s Market scheme. The fashion chain will open a 3,000 square feet shop last this year joining Swedish cycling brand Assos, Smeg and office tenants such as private equity Carlyle Group. Jigsaw's so-called Emporium will include 1,000 sq ft for its [...]
Footfall dips in February as shoppers abandon shopping centres and high streets March 14, 2016 Consumers flocked to retail parks in February but shunned high streets and shopping centres, according to data out today. Visitors to UK shops dropped by 1.1 per cent in February – an abrupt reversal of the 1.2 per cent rise seen in January, the British Retail Consortium (BRC) and Springboard said. High streets and shopping [...]
Small businesses call for simpler tax system to level playing field March 14, 2016 Smaller businesses want a simpler tax system to help create a level playing field with their multinational competitors, new survey data shows today. Accountancy firm Moore Stephens said 55 per cent of small and medium-sized enterprises (SMEs) wanted the tax system simplified in this week’s budget. The joint most popular measure was a further crackdown [...]
London’s economic growth drops to three-year low as UK loses steam – Lloyds Bank March 14, 2016 London's economic growth plummeted to it lowest since 2013 in February, a survey of businesses shows this morning. The regional purchasing managers’ index compiled by Lloyds Bank fell to a score of 52.2 for London. It is barely above the 50 level that indicates a region’s economy grew over the month and marks a steep [...]
