Sterling still drifting on weak inflation figures September 13, 2016 The pound has slumped this afternoon on the back of weak inflation figures, taking the currency to a two-week low against both the dollar and the euro. Sterling drifted by one per cent against both the major currencies after inflation came in at a weaker-than-forecast 0.6 per cent in official figures out this morning. Economists [...]
Black Friday 2016 history: What is it, when did it come to the UK and where will it hit next? November 1, 2016 Black Friday fever is sweeping the nation, with many retailers saying they will get some of their best sales yet. But where did the bumper discount day come from and where will it hit next? Here's a short history. Where did Black Friday come from? Black Friday – like Halloween, McDonalds and theme parks – [...]
Corporations are “fighting the wrong battle” on tax avoidance, according to Eurozone finance chief Jeroen Dijsselbloem September 11, 2016 The head of Eurozone finance ministers has warned multinational corporations to pay their share of tax, less than two weeks after Apple was handed a €13bn bill by EU authorities. The European Competition Commission ruled that the tech giant had been handed a “sweetheart” deal amounting to state aid by the Irish government. And now, head [...]
Cast of the Trainspotting sequel gather for the film’s world premiere December 20, 2016 The cast of the Trainspotting sequel have gathered in Edinburgh for the film's world premiere. When it was released in 1996 Danny Boyle’s adaptation of Irvine Welsh’s source novel Trainspotting was a worldwide success and a cultural phenomenon. Twenty years on director Danny Boyle has reunited the original cast for the sequel T2: Trainspotting. T2: [...]
Famed for its whaling history, the tiny Cape Cod island of Nantucket has a modern speciality – its vibrant foodie scene May 5, 2017 As I feasted on delicacies from Cru’s raw bar – little neck clams, lobster cocktail with avocado and preserved lemon, a half dozen Fifth Bend oysters washed down with a Crucomber, a cocktail of bison grass vodka, cucumber and toasted sesame – I could see everything from sailboats to sleek super-yachts bobbing around in the [...]
Wendy’s serves up expectation beating earnings though shares fall on same-restaurant sales miss August 10, 2016 US burger chain Wendy's has beaten bottom line earning expectations, though same-restaurant sales rose less than expected. Shares were down 4.7 per cent in pre-market shortly before the market open. Net income fell to $26.5m (£20.2m), or 10 cents per share, in the second quarter from $40.2m a year earlier. Revenue slid 22 per cent to $382.7 million, mostly [...]
Bank of England corporate bond buying details unveiled September 12, 2016 Electricity companies are set to be big winners from the Bank of England's upcoming corporate bond buying programme, according to official documents published this afternoon. Threadneedle Street has unveiled the details of its £10bn money-printing programme which will see it buy high-quality company bonds, with one-quarter set to be channelled to electricity companies such as [...]
Nobel Prize for Physics awarded to British scientists who revealed “secrets of exotic matter” October 4, 2016 The 2016 Nobel Prize for Physics has been awarded to a trio of British scientists for revealing "the secrets of exotic matter". David Thouless, Duncan Haldane and John Kosterlitz all made theoretical discoveries using an advanced branch of mathematics known as topology, and "opened the door to an unknown world where matter can assume strange states", the Nobel Prize committee for physics said [...]
Halfords share price dips on reduced revenue during first quarter July 14, 2016 Despite a soggy start to the summer pushing sales of mud guards for bikes up 15 per cent, Halfords has reported a 0.6 per cent drop in like-for-like revenue in the 13 weeks to 1 July – and warned that a weaker pound could hit profits. Shares in the company dipped by one per cent [...]
Before the bell: What you need to know before the US market open July 26, 2016 Markets are braced for a raft of tech stock earnings today and later this week and the Japanese yen is surging. Here's what you need to know before the US market open at 2:30pm London time. The pre-market is painting a mixed picture with the S&P down by 0.03 per cent, the Nasdaq is up by 0.16 per [...]