General Electric cuts 6,500 jobs in Europe from Alstom’s energy businesses and 660 jobs could be at risk in the UK January 13, 2016 General Electric has announced it is cutting 6,500 jobs in Europe from energy companies it bought from Alstom. Three per cent of GE's UK workforce could be cut, affecting up to 660 people, although City PM understands the company is hopeful it will be fewer than 600. GE is the second largest overseas industrial employer in the [...]
Premier Oil shares suspended pending an announcement January 13, 2016 Shares in Premier Oil were halted for trade today, after the oil and gas explorer asked for a suspension pending the announcement of a potential acquisition. Premier oil could be about to join a smattering of consolidation activity that's taken place in the wake of Royal Dutch Shell's mega-deal with smaller rival BG, spurred on by low oil prices [...]
Buying a house? It will only takes you 53 minutes to decide whether to go for it January 13, 2016 It's one of the most important, and expensive, decisions you will make, but most of us only take 53 minutes to decide whether to buy a house according to a new survey. UK house-buyers are more pensive than a year ago, the same survey by eMoov.co.uk in 2014 revealed people only needed 38 minutes to [...]
FTSE 350: UK dividend payments to fall in 2016 as basic resources companies struggle January 13, 2016 UK dividend payments are set to fall this year due to slower global economic growth, plunging commodity prices and increasingly debt-laden companies. FTSE 350 company dividend payouts will fall three per cent to £81.1bn this year, according to a report by financial services information provider Markit. At the same time, ordinary payments by FTSE 350 companies are [...]
Where to invest in property in 2016: The 14 European cities better to invest in than London January 13, 2016 London's reputation as one of the best places to invest in property has slipped, according to a new report, as investors look towards rapidly changing smaller cities with more opportunities for growth. The capital has slipped to number 15 in the ranking of cities in the emerging trends in real estate report from PwC and [...]
London house prices: Your home is paying off your annual commute in around a fortnight if you live in Surbiton, Tandridge, Harpenden, Henley and Epsom January 13, 2016 Have you found yourself grumbling about the ever-increasing cost of commuting, even when your train is delayed/cancelled/diverted for no apparent reason? If you're a property owner, it's time to turn that frown upside down. New research suggests that if you travel into London from the commuter belt, your home is actually paying off the cost of your annual [...]
Oil prices could spike at $500 on a war between Saudi Arabia and Iran January 13, 2016 A leading academic has warned a full scale war between Middle Eastern rivals Iran and Saudi Arabia could send oil prices as high as $500 per barrel. The two countries' long-running regional rivalry is borne out in a series of proxy wars across the Middle East, such as the one which is being waged in Yemen. But relations soured recently when [...]
FTSE 100 index rises over 6,000 mark as it opens sharply higher on oil companies as share price of BP and Shell rise with pharmaceuticals including Shire and AstraZeneca January 13, 2016 The FTSE 100 climbed back over the 6,000-point mark in the first hour of trading today, as the index rose after positive trade data from China helped abate fears of a possible slowdown in the world's second largest economy. Improvements in Chinese export data appear to suggest that while the economy is slowing, things may not be nearly [...]
Barratt share price jumps as housebuilder posts “excellent” first half January 13, 2016 Another day, another housebuilder smugly proving the property sector is where it's at these days. But one analyst was still cautious… The figures The company said it completed 7,626 homes in the six months to the end of December, 9.4 per cent more than last year. The company was receiving 0.66 net private reservations per active site each week – up from [...]
Tullow Oil share prices rises as it cuts expenditure January 13, 2016 Against a backdrop of falling oil prices, Tullow Oil has posted results in line with market expectations – which caused the company's share price to rise over seven per cent as markets opened. The figures Tullow Oil reported that, for the full year 2015, it expects to deliver revenue of $1.6bn (£1.11bn), in line with market expectations. Pre-tax operating [...]
