FTSE 100 index closes lower as the price of oil slides and share prices of ITV and Intertek fall March 2, 2016 After a positive start to Wednesday's trading, the FTSE 100 swung into a loss for the day as the share prices of ITV and Intertek faltered. The UK's blue chip index closed 0.09 per cent lower at 6,147 points, as oil prices fell after it was revealed inventories rose. "A slide back in oil prices appears [...]
Employers not doing enough to support older workers who want to modify work commitments before they fully retire January 28, 2016 Businesses do not have enough retirement-friendly policies in place, scuppering people's plans to keep working for longer. According to a report released today by the Aegon Center for Longevity and Retirement (ACLR) and the Transamerica Center for Retirement Studies (TCRS), more than half (56 per cent) of workers from around the world foresee that they will [...]
EU referendum: New YouGov poll finds big companies and startups want to stay in the EU while small businesses more divided January 25, 2016 The majority of bosses at Britain's biggest businesses want the UK to remain in the EU, even if their companies have not publicly stated a view on the issue, according to new research out today from YouGov. YouGov polled leading figures from 11 FTSE 100 organisations, three FTSE 250 firms, and two larger private companies. The executives surveyed included senior management [...]
HSBC’s Stuart Gulliver set to face MPs on tax evasion February 24, 2015 HSBC chief Stuart Gulliver will face MPs today to give evidence on claims its Swiss private banking arm helped clients evade taxes. Initially it was only the giant bank’s chairman Douglas Flint who had been summoned to the Treasury Select Committee for a 45-minute session. But now both bosses are attending parliament, and they will [...]
Fifa crisis: UBS has “received inquiries” over accounts linked to football’s governing body November 3, 2015 UBS is the latest bank to reveal it has been approached by law enforcement authorities investigating Fifa corruption. The paper trail from football's under-fire governing body has led Swiss investigators to a number of "suspicious" transactions at various banks while US authorities have questioned HSBC, Standard Chartered, Deutsche Bank and Credit Suisse amongst others. British banks Standard Chartered, [...]
HSBC: UK should not quit EU just as services reforms are coming February 23, 2015 Britain is threatening to leave the EU at the worst possible moment, HSBC analysts said yesterday, as key changes are on the way which will benefit the UK. Big businesses were reluctant to give their views on the Scottish referendum until the polls tightened at the last minute – and the comments sparked a backlash. But [...]
FTSE 100 index opens higher as oil price rebounds on production freeze as Anglo American, BHP Billiton and Glencore share prices jump February 16, 2016 The FTSE 100 index opened higher this morning after markets were encouraged by quantitative easing hints from European Central Bank president Mario Draghi yesterday, as well as the rebounding price of oil. The UK's blue chip index rose 0.93 per cent to 5,878 points, led higher by Anglo American, BHP Billiton and Glencore. "European markets picked up where [...]
HSBC woe drags FTSE as Greek drama continues – London Report February 23, 2015 A DROP in the shares of banking group HSBC held back Britain’s top equity index yesterday, although many traders still expected the UK stock market to reach record highs soon. The blue-chip FTSE 100 index closed down by 3.04 points, flat in percentage terms, at 6,912.16 points. The FTSE had risen 0.4 per cent to [...]
HSBC share price hits two-year low in Hong Kong February 24, 2015 HSBC shares listed on Hong Kong's Hang Seng index, tumbled as much as 3.9 per cent to HK$69.15, after it posted figures showing pre-tax profits tanked 17 per cent to $18.6bn (£12.1bn) in 2014, down from $22.5bn the year before. The bank's shares listed on the FTSE 100 closed down 4.2 per cent at 573.3p yesterday, [...]
HSBC case: Osborne could include new tax rules in budget February 23, 2015 New measures to tackle tax avoidance look set to be included in George Osborne’s budget next month in the wake of the HSBC tax case. As Osborne made his parliamentary response to the HSBC allegations he clashed with Ed Balls, the shadow chancellor. Balls accused Osborne of negligence, which moved Osborne to claim the government [...]