UK oldest bank C Hoare & Co comes into digital age with fresh app August 9, 2015 C Hoare & Co, the UK’s oldest private bank, is moving into the digital age with the launch of a mobile app. The bank, which has offered services to figures such as Lord Byron and Jane Austen, will launch the app more than 340 years after its historic foundation in 1672. The creation of a [...]
London house prices up 45pc in five years: Home movers put off as figures soar August 9, 2015 The number of people moving home is in decline, new figures out today show. Rising prices, which many attribute to a lack of house building, may be hindering people from moving up the rungs of the housing ladder, according to the study from Lloyds Bank. The number of home movers reached 155,000 in the first [...]
Hotels and restaurants lead the UK’s summer spending splurge August 9, 2015 Britons are splashing out more this summer, according to figures released today by a major card provider. Spending on hotels and restaurants was 8.6 per cent higher in July than in the same month last year, Visa said. Shoppers also spent 5.6 per cent more on recreation and culture. It took total spending growth (not [...]
Professional jobseekers spoiled for choice as competition for workers increases August 9, 2015 Professional workers are seeing more competition for their skills, a recruiter said today. Available candidates are being scooped up, with 22 per cent fewer jobseekers in July than in the same month last year, according to figures given exclusively to City PM by Robert Walters. Meanwhile, opportunities are on the rise with 9,585 vacancies in [...]
Apple supplier Foxconn invests £5bn in India August 9, 2015 Electronics maker Foxconn is investing $5bn in a new factory in India, as the Apple supplier seeks to mitigate rising wage costs in China. Foxconn has announced the new manufacturing facility will be in the western state of Maharashtra, and the $5bn investment over the next five years marks one of India’s largest foreign-investment deals [...]
Pret a Manger float? No IPO appetite from owners Bridgepoint August 9, 2015 Bridgepoint, the private equity owner of Pret a Manger, has poured cold water on a report that it could potentially float the lunchtime favourite of City workers. The sandwich chain already has interest from potential bidders, Reuters reports, and is considering a market listing for 2016, maybe in the US, citing unnamed sources. A Bridgepoint [...]
Decline in Brits abroad as holidaymakers opt to stay home this summer August 8, 2015 The UK economy is recovering and consumer confidence is increasing – but not enough to encourage the majority of people to holiday abroad this summer. Read more: Why taking a holiday is vital to productivity Less than half of people in the UK will travel to other countries this year, a reduction on the 56 per [...]
Here’s what we can learn from the 10 biggest deals in pharmaceutical history August 7, 2015 The pharmaceutical world is abuzz about a major deal struck between AbbVie and small biotech company Pharmacyclics last night. The US pharma giant bought Pharmacyclics for a massive $21bn (£13.8bn), after fending off fierce competition from the likes of Johnson & Johnson. Why? To get its hands on the firm's super-successful cancer drug Imbuvrica, whose [...]
The UK is more positive than the US or Germany towards immigration, with 3 out of 10 saying migration benefits Britain August 7, 2015 Britons are more positive than most towards immigration, shows a new survey from Ipsos Mori on global attitudes towards migration, but the burden on the country’s public services remains a concern. Intensifying debate about border controls and rising migration levels, especially in the run-up to the general election, have done little to dampen public opinion [...]
Non-farm payroll: US jobs growth fails to live up to expectations with job openings up by 215,000 in July August 7, 2015 US jobs growth failed to live up to expectations, after non-farm payroll figures released today showed the number of job openings rose 215,000 in July, falling short of forecasts. Experts were predicting jobs growth of 223,000 according to a Reuters poll, and the dollar initially dropped steeply following the news, but quickly bounced back to [...]
