Why it’s time to stop feeding our addiction to ultra loose monetary policy January 20, 2014 WITH GDP still 2 per cent below its pre-crisis peak and consumer price index inflation falling back to its 2 per cent target, many argue that Britain should stick with extraordinarily loose monetary policy for longer. Just yesterday, the EY Item club urged the Bank of England to bolster its forward guidance policy, and to [...]
Carney: Let the good times roll December 9, 2013 BANK of England governor Mark Carney has hit back at suggestions that the economy could be trapped at a permanently lower rate of growth, painting a promising picture of the outlook for the UK. “For the first time in a long time it seems reasonable to expect the hopes and dreams of the holiday season [...]
Oriel Securities goes on a hiring spree after its Canadian tie-up January 9, 2014 ORIEL Securities, the independent stockbroker which agreed a financing deal with CIBC, Canada’s fifth largest bank, last September, yesterday announced five senior appointments to help take its business forward. The firm, which had been linked several times last year with a merger with Panmure Gordon, says the strengthening of its team also follows a bumper [...]
14 buyers fight for each house sold in London November 24, 2013 MORE than a dozen potential buyers are now battling for each property coming onto the market in London, according to an estate agent releasing new figures today. Barnard Marcus reports that there are now 14 people trying to get on the housing ladder for every new instruction to sell in the capital, pushing prices even [...]
Mortgage sizes boosted as Help to Buy kicks off November 18, 2013 THE SIZE of the average mortgage swelled in October, reaching the highest level against house prices since January 2009, according to figures released by Mortgage Advice Bureau (MAB) today. In the month that the second phase of the government’s Help to Buy scheme of mortgage guarantees began, MAB says that the average loan-to-value (LTV) rate [...]
Actual Experience prepares a £17m London public offering January 12, 2014 ANALYTICS firm Actual Experience Limited is planning an initial public offering (IPO) on London’s Alternative Investment Market at the end of the month that is set to value the company at £17m. Actual Experience (AE) works with over 40 blue-chip clients including Cisco, Ofcom and Accenture to improve the experience of staff and customers using [...]
Trade Secrets March 16, 2014 Annabel Palmer talks fashion, funding and family business with Nish and Sach Kukadia, co-founders of the flash sales website and private members club Secretsales.com DEAL of the day, or flash sales sites, were brought into the post-dotcom bubble world with the launch of Woot.com in 2004. It gave customers a 24 hour window each day [...]
What you need to know before the open – 17/12 December 17, 2013 A string of inflation numbers today will provide the main focus for markets, with UK data for November expected to remain at multi month lows – 2.2 per cent on an annualised basis. The US consumer price index could well rise on an annualised basis, which may prove telling, given the current uncertainty [...]
The dovish consensus is wrong: It is time for interest rate hikes January 9, 2014 ECONOMISTS seem to lurch from one dangerous fad to another. In the late 1980s, most supported the European exchange rate mechanism, which blew up spectacularly; in the 1990s, many supported UK membership of the euro, which would have been a disaster; during the 2000s, few saw the bubble coming and most missed the credit and [...]
Quercus puts itself up for sale as losses mount January 22, 2014 QUERCUS, the independent publisher behind Girl With The Dragon Tattoo, yesterday unexpectedly announced that it is up for sale. In a surprise stock market announcement, the Baker Street-based firm said that it had appointed mergers and acquisitions specialists Livingstone Partners to advise on the sale process. The firm said it believed it was “in the [...]