Emerging market debt threatens global economy according to IMF warnings October 8, 2015 The global economy is struggling under a mountain of debt and heading for a fresh financial crisis, the International Monetary Fund (IMF) has said. Emerging market debt is chief among the “triad” of risks facing the globe, as these economies have over-borrowed by $3.3 trillion (£2.15 trillion) in the last decade, the IMF said in [...]
What the world’s first 3-D printed office will look like July 2, 2015 Offices of the future could be built using 3-D printing technology – and here's a glimpse of what they'll look like. The world's first 3-D printed office will be built in Dubai, with each layer printed using a 20-foot tall 3D printer, and then assembled on site in a matter of weeks. All interior furniture, detailing, [...]
George Osborne’s productivity plan: Tories promise housebuilding boom to lift economy July 9, 2015 Chancellor George Osborne will today put housebuilding at the centre of his plans to reverse Britain’s poor rates of productivity. Alongside business secretary Sajid Javid, Osborne will argue that “sweeping new changes to planning laws” can boost productivity by allowing people to live – and businesses to be located – in more efficient areas. The [...]
The Thames is both an asset and a liability – due to the lack of East London road crossings September 20, 2015 After decades of post-war decline, the Thames has undergone a renaissance and is once again at the economic heart of London. However, if it is one of the capital’s greatest assets, it is also one of its greatest liabilities – because of the inability to get across the Thames by road in most of [...]
HSS Hire share price plummets over 25 pc after disappointing six months June 29, 2015 HSS Hire's share price plummeted over 25 per cent this morning after the firm issued a disappointing trading update for the first six months of the year. Read more: HSS Hire returns to takeover fray after IPO with £11m All Seasons aircon deal The tool hire firm said weakness in customer activity hit "a number of [...]
You can only enjoy the UK’s most beautiful scenery if you earn more than £45,000 July 23, 2015 The most beautiful scenery in the UK is the preserve of families who earn more than £45,000 a year, according to a new report by think tank ResPublica. Read more: Tidworth is top town in Royal Mail list of UK’s most desirable postcodes By carrying out a poll of people living across Britain, they [...]
No end in sight for London house price boom: Average asking price soars to more than £600,000 June 15, 2015 House prices in the capital are set to outpace earnings for the foreseeable future, despite government efforts to boost house building and affordability. Average London asking prices have jumped to £613,922 – above £600,000 for the first time ever – according to Rightmove data published today. It marks a rise of 5.8 per cent compared [...]
Are old-school financial services running scared of peer-to-peer? Or do they just not understand it? August 11, 2015 I was heartened recently to read the chief executive of Bibby Financial Services – what I would call an old-school financial services company – warning of a ‘bubble’ in peer-to-peer lending. As the co-founder and chief executive of one of Europe’s largest peer-to-peer lenders, I knew this warning meant one of two things; either the [...]
If a nuclear deal is reached, Iran will be bursting with investment opportunities – here’s what to look out for June 23, 2015 By the 30 June, Iran must have come to an agreement with other world powers on curbing its nuclear programme in return for an easing of economic sanctions. Read more: What's Iran doing to make everyone think it's trying to build a weapon? Currently, key sectors including energy and finance are crippled by an inability to [...]
Challenger bank Shawbrook appoints new chairman Iain Cornish to replace Sir George Mathewson July 6, 2015 Challenger bank Shawbrook has appointed former Yorkshire Building Society chief executive Iain Cornish as its new chairman. Cornish replaces former RBS boss Sir George Mathewson who will step down as chairman and as director with immediate effect. Cornish is a senior independent director of debt manager Arrow Global and wealth manager St James's Place. Read more: Challenger [...]