World Wealth: The number of millionaires moving to London has slowed to a trickle March 30, 2016 The number of millionaires packing their bags and moving to London from overseas slowed dramatically last year, new research reveals, citing high property prices and the rising cost of living among the reasons. A net 500 millionaires moved into the capital in 2015 compared with 6,000 the previous year, according to wealth specialists New World Wealth's annual Millionaire Migration report. In 2014, around [...]
Fed chair Janet Yellen interest rate comments send mining shares soaring March 30, 2016 US Federal Reserve chair Janet Yellen's dovish coos over future interest rates rises helped send London-listed miners higher today. Yesterday Yellen said that the Fed will "proceed cautiously" when deciding their policy actions in the coming months. Metal prices are slightly down today, however Yellen's comments weakened the greenback making dollar-priced commodities cheaper for holders of foreign currencies. The [...]
Global IPO volume plunges to lowest level since 2009, with technology industry leading the slump, down 77 per cent year on year March 30, 2016 The global initial public offering (IPO) market has plunged to depths not seen since 2009. IPO volume for the first three months of this year, to 29 March, stands at $13.2bn (£9.2bn). This is down 67 per cent on the same period last year. This year has also seen the number of deals fall 38 per cent [...]
Hedge funds think oil prices are going in this direction March 30, 2016 When it comes to the future direction of oil prices, the only way is up, according to some of the world's top money managers. They've amassed a near record number of bets on the price of the black stuff increasing, despite analysts warning the recent rally will peter out. Brent crude, the global benchmark, has bounced over [...]
Bring me sunshine: FTSE 100 starts the day on a springlike note as miners bounce back March 30, 2016 Markets were clearly taking note of the weather this morning, with the FTSE 100 jumping almost 1.3 per cent to 6,183.8 points in the first minutes of trading. The market was pushed higher miners, who swung back from yesterday's losses to lead the FTSE. Anglo American rose 7.9 per cent to 516.4p, while BHP Billiton [...]
Swipe right if you are single and want a home: How “Generation Tinder” got locked out of home ownership March 30, 2016 Being single has its perks: no fights over the duvet or spending your weekends with the in-laws. But when it comes to buying a home, getting a foot onto the ladder without the combined savings of a couple can be a near impossible feat. Only 15 per cent of singles aged under-35 in London own their home, compared to nearly [...]
Ikea poised to hand 7,300 staff a Living Wage pay hike this week March 30, 2016 Ikea staff are in line for a pay rise on Friday after the Swedish home furnishings giant pledged to introduce the Living Wage for all of its workers in the UK. The flat-pack furniture retailer said all 6,100 co-workers will receive a minimum of £8.25 nationally and £9.40 in London, as set by the Living [...]
McCormick reaffirms case for buying Premier Foods as shares in Mr Kipling and Ambrosia owner soar March 29, 2016 McCormick, the US food group hoping to buy Premier Foods, has reaffirmed its case for buying the company, saying the Mr Kipling and Bisto gravy owner had some “fantastic brands” that would complement its spice and flavour business and help build on its expansion in the UK. In a first quarter trading update presentation today, the company gave [...]
Rockhopper Exploration share price falls after UN expands Argentina’s waters to include the Falkland Islands March 29, 2016 Shares in Rockhopper Exploration fell as much as 8.7 per cent to 26p this morning, after the United Nations expanded Argentina's waters to include the Falkland Islands. The UN sided with Argentina in its dispute with the UK, consequently expanding its maritime territory in the South Atlantic Ocean by 35 per cent to include the Falkland [...]
Foyles swings back into black as new Charing Cross flagship becomes a bestseller March 29, 2016 The late Foyle brothers would be proud. The eponymous bookshop they founded over a century ago – initially selling their old textbooks – has returned to profitability after a turbulent few years that saw the company move to a new flagship store on Charing Cross Road. Foyles, which has six book stores in Birmingham, Bristol [...]