Federal Reserve Chair Janet Yellen reiterates US on course to hike interest rates this year October 7, 2015 Federal Reserve chair Janet Yellen today reiterated that the US is on course to raise interest rates this year. Speaking a week after the Fed delayed a rise in borrowing costs, she said inflation is being weighed down by temporary factors such as a strong dollar and low oil prices. However as these decrease inflation [...]
Megabrew deal back on? SABMiller share price rises as AB InBev increases bid to £42.15 per share October 7, 2015 AB InBev is not giving up on its desire to "build the first truly global beer company" by increasing its offer for rival SABMiller to £42.15 per share. SABMiller's share price rose three per cent on the news. Previous bid offers from the Belgian company were previously rejected by SABMiller, including yesterday's £40 per share [...]
London IPOs fell sharply in the third quarter as election nerves hit markets October 7, 2015 The number of initial public offerings (IPOs) fell sharply in the third quarter as uncertainty in the run-up to the General Election in May prompted many businesses to shelve plans until later in the year. Only six flotations raising £184m took place in London over the past three months, including hostel owner Safestay, which [...]
IMF warns world economic outlook at risk from $18 trillion emerging market debt pile October 7, 2015 Global financial stability is “not yet assured”, the International Monetary Fund has warned, as it said emerging market debt had more than quadrupled over the last decade. The stark warning, from the director of the IMF’s Monetary and Capital Markets Department Jose Vinals, comes just a day after the IMF said the outlook for emerging [...]
2015 Shonky awards: Samsung and Ikea have the shoddiest products, according to consumer group Choice October 7, 2015 Big name brands Coca-Cola, Ikea and Samsung have walked away with a new award – but it might not be one they boast about to their customers. The 2015 Shonky Awards go to companies "that have flouted consumer protection laws, sold products that were faulty by design, and shown blatant disregard for consumer safety", according to [...]
VW emissions scandal: Recalls expected to start in January 2016 and complete by year-end October 7, 2015 New Volkswagen boss Matthias Mueller expects the company to start recalling cars involved in the emissions scandal at the start of next year. Last month, it was revealed that millions of the German company's diesel vehicles were fitted with technology that allowed them to cheat in emissions tests. An estimated 11m cars worldwide are [...]
How to find out if your Volkswagen car is affected by the emissions cheating scandal: VW creates dedicated web page for car owners October 7, 2015 Having announced plans to begin recalling cars involved in the emissions scandal at the beginning of 2016, including 1.2m in the UK, Volkswagen has set up a dedicated website to allow customers to check if their car was rigged with its emissions cheating device. Customers must enter their vehicle identification number (VIN) and the website will [...]
The Docklands, Stratford and east City fringe are the last three areas in central London with office space under £40 per sq ft October 7, 2015 Companies hoping to fork out less than £40 per square feet for offices in central London may be disappointed, after new research shows there are only three areas left offering space at those prices. The Docklands, Stratford and east City fringe are the only three sub-markets in the capital offer Grade A office space at [...]
Monsanto share price rises as it announces 2,600 job cuts October 7, 2015 Shares in seed giant Monsanto rose today after it announced 2,600 job cuts and restructuring operations to cut costs amid a commodity price rout. The New York-listed group expects to make savings of $275 (£180m) to $300m by the end of fiscal year 2017, at a total cost of approximately $850 to $900m. Monsanto is also developing plans to reduce [...]
Acton, Earls Court, Old Oak Common and Nine Elms: These are London’s next 10 housebuilding hotspots October 7, 2015 The capital's supply of homes for sale – both new-builds and people putting their previously-loved properties on the market – continues to be pathetically low. But as the government attempts to increase the number of homes being built in the capital, parts of London are about to experience mini housebuilding revolutions. Knight Frank's Global Development Report highlights the areas where the biggest [...]
