Brent and WTI crude prices: HSBC chief executive Stuart Gulliver predicts oil will settle between $25 and $40 in a year’s time January 18, 2016 HSBC chief executive Stuart Gulliver expects oil to settle between $25 and $40 in on year's time, he said today. Responding to a question about where the prices will be this time next year at the annual Asia Financial Forum in Hong Kong, Gulliver said: "Major producers are currently delivering 2m-2.5m barrels per day more than demand, so [...]
European shares rise as FTSE 250 opens higher, with Home Retail’s share price rising nearly three per cent January 18, 2016 The FTSE 100 started the day higher, edging up 0.6 per cent, before it dipped to 5,826 points at the end of the first hour of trading – 0.4 per cent up – despite a mixed performance on Asian markets. The day's stellar performer was FTSE 250-listed Home Retail Group, whose shares rose 3.5 per cent to 159.2p. [...]
2016 already looking positive for financial services jobs as top consultants net salaries of £97,000 January 18, 2016 The new year may have only just begun but there are already signs of 2016 being a strong year for financial sector jobs. According to findings released today by recruiter Morgan McKinley, many employers have already kicked off their 2016 hiring. “Despite a rude awakening to the start of the year from financial markets, we’ve actually [...]
Oil edges closer to $28 as Brent and WTI crude both drop thanks to end of Iran sanctions January 18, 2016 Oil investors were showing their nerves today, with the price of both Brent crude and WTI crude edging closer to $28, as sanctions against Iran were lifted, potentially adding millions of barrels of oil to an already oversupplied market. Brent, the global benchmark, dropped to $28.17 in early trading, while the US-focused WTI fell to $28.71. The [...]
Wolseley chief Ian Meakins retiring after seven years, replaced by John Martin January 18, 2016 Ian Meakins, chief executive of struggling UK plumbing and heating group Wolseley, has announced plans to retire after seven years in the role. Meakins, who will leave Wolseley in August, will be replaced by current chief financial officer John Martin. The role of chief financial officer will be taken on by Simon Nicholls, currently at aerospace [...]
Home Retail Group share price soars on announcing it will return £200m to shareholders with Wesfarmers to buy Homebase for £340m January 18, 2016 Home Retail Group has announced it will be returning £200m to shareholders, following the sale of its Homebase chain to one of Australia’s biggest listed companies. The British retail group has confirmed reports it will sell the DIY chain to Australian Wesfarmers for £340m. Wesfarmers, which already owns DIY supplier Bunnings, said it will spend another £242m [...]
Clydesdale Bank reveals cut-price IPO price range and confirms when it will list on the London Stock Exchange January 18, 2016 Clydesdale Bank’s London float is drawing near: the bank has revealed the price range of its upcoming IPO will be 175p-235p per share. The British lender, currently owned by National Australia Bank (NAB), confirmed rumoured plans for a demerger and initial public offering last month, announcing its intention to float on both the London and Australian stock [...]
Panmure storms into the top five London advisors January 18, 2016 Small cap specialist broker Panmure Gordon has broken into the top five City advisers chart this morning as financial data publisher Adviser Rankings unveiled its tenth annual corporate advisers rankings for 2015. The firm soared five places up the table, jumping from tenth in 2014. Panmure also managed to hold onto its third place position [...]
UK house prices: Property price growth will slow over next three years, EY Item Club predicts January 18, 2016 House price growth will slow over the next three years, according to new forecasts, as continued growth puts owning a property out of reach for many. Property prices are expected to rise by 6.5 per cent this year, new analysis by EY Item Club predicts. That growth will continue in 2017 and 2018, but at a more [...]
Time to give challengers a fair chance: Top City regulator urged to increase competition among banks January 18, 2016 The City's top regulator is being urged by to “do whatever is required” to increase competition in the banking sector by reducing entry barriers for challenger banks. Treasury Select Committee chairman Andrew Tyrie revealed today that he has written to Andrew Bailey, deputy governor at the Bank of England, asking for the prudential regulation authority [...]
