Liverpool pave way for Sterling to seal English record £49m Man City transfer July 12, 2015 ENGLAND forward Raheem Sterling is closing in on a record-breaking £49m transfer to Manchester City after Liverpool withdrew him from their pre-season tour at the last minute. Sterling had been named in a 30-man party which yesterday departed for Thailand, where the Reds play a friendly against the True Thai Premier League All Stars tomorrow. [...]
Economists vote to wait on rate hike July 8, 2015 City A.M.’s panel of economists voted eight to one in favour of holding interest rates at their record low of 0.5 per cent this month. Strong wage growth was viewed as a sign that inflation was likely to creep back up towards its two per cent target was likely later this year. Inflation rose to [...]
NIESR says UK growth means interest rate hike nearing July 7, 2015 The economy grew 0.7 per cent in the three months to June, from 0.6 per cent in the three months ended May, suggesting Britain's economy grew by expanded 2.7 per cent in the last 12 months. The forecasts from the National Institute for Economic and Social Research (NIESR) are good news for Chancellor George Osborne [...]
Has the ongoing Greek crisis irrevocably tarnished the single European currency? July 5, 2015 Ruth Lea, economic adviser to the Arbuthnot Banking Group, says Yes. The euro was first and foremost a political project, albeit one with the profoundest of economic ramifications. Its launch was a major step towards the “ever closer union of the peoples of Europe”, as first articulated in the Treaty of Rome. But Greece’s current [...]
From killer robots and heatwaves to Heathrow and smartphones: Here’s what got us talking this week July 3, 2015 South London got itself a new river. East London prepared for the worst case scenario. And somewhere in Barnsley, Mr Kipling decided to make even more exceedingly good cakes. Here's what got us talking this week 1) London was hotter than the surface of the sun Good gosh, it was hot. The trains went [...]
Greek debt crisis: Greece finally in arrears as it fails to meet deadline for IMF payment June 30, 2015 Greece has officially become the first Western country to go into arrears on its debt to the International Monetary Fund (IMF) after failing to meet last night’s deadline for a repayment of €1.5bn (£1bn), despite a last-ditch attempt to reach a deal with its creditors yesterday. The IMF confirmed late last night that the [...]
European markets begin second day of falls as Greece confirms it won’t make today’s IMF payment deadline June 30, 2015 The FTSE 100 was 0.6 per cent down in late morning trading today, after Greece confirmed last night it will definitely miss today's 6pm deadline to pay the International Monetary Fund (IMF) €1.6bn (£1.1bn). Read more: George Osborne vows to help Britons hit by Greek crisis Meanwhile, although both the Cac and the Dax fell, [...]
Travel stocks hit by misery in the Mediterranean – London Report June 29, 2015 INVESTOR sentiment was punctured by Greece’s deepening debt crisis following the breakdown of talks with creditors and Athens’ imposition of capital controls. Travel and leisure stocks were hit hard by events in Greece, a popular holiday destination for Europeans, and news that tour companies were evacuating thousands of holidaymakers from Tunisia after a gunman killed [...]
Britain’s ageing population could boost economic growth – if we adapt June 25, 2015 The UK and other western economies face the prospect of an ageing population. As the post-war baby boomers grow older, and people live longer, the number of over-65s in the UK is expected to nearly double by 2050. This is often seen as a problem for society, leading to higher health care and social costs, [...]
Don’t be so British: Why being direct is vital in business June 24, 2015 Everything works better and faster when we all know where we stand INTRODUCING the two closest people in her life for the first time, the formidable detective Saga Norén from the Danish drama The Bridge said: “This is Martin, he is staying with me because his wife kicked him out for cheating. This is Anton, [...]