UK inflation: Last time it was this low, it was measured by the prices of swiss roll, tracksuits and luncheon meat February 17, 2015 The last time inflation was this low, shoppers' baskets were overflowing with Swiss rolls, shell suits and tins of luncheon meat. Yum. Prices rose just 0.3 per cent in January, the latest ONS figures reveal, the lowest since records began, and even slower than the previous low of December. Back in 1989 when those records [...]
Greece in crisis: Inflation drop the biggest since November 2013 February 17, 2015 Interactive: Inflation rates in every EU economy Greece’s negotiations with the European establishment have collapsed and the country's inflation rate is going in the same direction. It hasn’t just crossed the threshold, it’s been in deflation for a while, but the drop in prices was steeper than expected: a 2.8 per cent reverse year-on-year represents [...]
Interactive: UK inflation hits 0.3 per cent, but how does it compare to other European Union countries? February 17, 2015 UK inflation slowed to 0.3 per cent in January, lower than December’s figure of 0.5 per cent and a good distance below the two per cent target for the Bank of England. More on this story: UK inflation falls to its lowest since records began But the UK is not alone in missing targets: the [...]
UK inflation falls to 0.3 per cent in January, its lowest since records began in 1989 February 17, 2015 UK inflation has fallen to its lowest level since equivalent records began in 1989, as plunging oil prices and a bitter supermarket price war push down the cost of living. The consumer price index (CPI) – which measures the cost of items in a typical family's shopping basket – rose just 0.3 per cent in January [...]
Quindell shares jump as Morgan Stanley takes a bigger slice of it February 16, 2015 SHARES in Quindell closed 9.5 per cent higher to 75p yesterday, after Morgan Stanley increased its stake to more than five per cent. Shares in the insurance claims processor are still more than half of their value compared to last year, after the company was accused of having “magical… paper profits” by mysterious US-based short [...]
Quindell share price jumps 8.3 per cent as Morgan Stanley increases stake February 16, 2015 Shares in Quindell jumped more than eight per cent to 74.25p in mid-afternoon trading, after Morgan Stanley increased its stake to more than five per cent. Shares in the insurance claims processor lost more than 90 per cent of their value last year, after the company was accused of having "magical… paper profits" by mysterious US-based [...]
Japan is out of recession: Economy grew 2.2pc in the fourth quarter sending shares near an eight-year high February 16, 2015 Japan a has emerged from recession in the fourth quarter, the latest official figures revealed, sending Japanese shares to their highest level in eight years despite slower than expected economic growth. The world's third-largest economy grew by 2.2 per cent in the three months to December on an annualised basis, missing expectations of 3.7 per cent . The [...]
Tesco to cut up to 10,000 jobs amid overhaul February 15, 2015 Tesco could cut up to 10,000 jobs as part of a radical overhaul by chief executive Dave Lewis aimed at halting a slide in profits. Britain’s biggest supermarket, which employs around 314,000 staff, announced plans last month to save £250m a year by axing 43 unprofitable stores, shelving 49 new projects and closing its [...]
Reshoring could bring £15bn lift to UK economy February 15, 2015 BRINGING the manufacturing of goods back to the UK, or reshoring, could add £15.3bn of GDP to the economy by 2025 as the advantages of the developing world lessen. Over 315,000 new jobs could be created for the country as the labour, transport and regulatory costs of producing goods in places like China and Thailand [...]
Apple hires BBC DJ Zane Lowe as tech giant bolsters its Beats team February 15, 2015 Veteran BBC Radio 1 DJ Zane Lowe is heading to the US to join the growing music team at iPhone-maker Apple. Lowe, who joined Radio 1 in 2003, will join Apple next month following his last show on 5 March. “The station has allowed me to share incredible music with the country’s best music fans. [...]