Business

 Geopolitical uncertainty stalks markets after Spain attacks
Geopolitical uncertainty stalks markets after Spain attacks

An aversion to risk was evident in financial markets Friday after the attacks in Spain. Stock markets around the world were under pressure while traditional safe haven assets, such as gold, were in demand.

BARCELONA ATTACK: The source of the risk aversion gripping markets particularly in Europe was the attacks in Spain. On Friday, police shot and killed five people wearing fake bomb belts who staged a deadly car attack in Cambrils, a s...

August 18, 2017

 11 US states added jobs in July
11 US states added jobs in July

Hiring increased in 11 U.S. states in July, while the unemployment rate tumbled to record lows in two states.

The jobs report for states reflects the steady job gains in a recovery from the Great Recession that has entered its ninth year. The overall unemployment rate fell to 4.3 percent last month as employers added 209,000.

Several states saw strong job growth between June and July. California added 82,600 jobs. Florida gained...

August 18, 2017

 Businesses offer stellar specials for total solar eclipse
Businesses offer stellar specials for total solar eclipse

Check out the list of businesses rolling out specials and savings.

The diner chain is offering $4 all-you-can-eat "moon cakes" on Monday, an eclipse-worthy take on their classic pancakes.

The doughnut shop announced on their site they will "eclipse" their original glazed doughnuts by covering the traditional treat in "a mouth-watering chocolate glaze." Customers can try the limited-time doughnut from August 19 to August 21. August 18, 2017

 11 US states added jobs in July
11 US states added jobs in July

Hiring increased in 11 U.S. states in July, while the unemployment rate tumbled to record lows in two states.

The jobs report for states reflects the steady job gains in a recovery from the Great Recession that has entered its ninth year. The overall unemployment rate fell to 4.3 percent last month as employers added 209,000.

Several states saw strong job growth between June and July. California added 82,600 jobs. Florida gained...

August 18, 2017

 Businesses offer stellar specials for total solar eclipse
Businesses offer stellar specials for total solar eclipse

Check out the list of businesses rolling out specials and savings.

The diner chain is offering $4 all-you-can-eat "moon cakes" on Monday, an eclipse-worthy take on their classic pancakes.

The doughnut shop announced on their site they will "eclipse" their original glazed doughnuts by covering the traditional treat in "a mouth-watering chocolate glaze." Customers can try the limited-time doughnut from August 19 to August 21. August 18, 2017

Markets slide on Trump and terror concerns - as it happened
Markets slide on Trump and terror concerns - as it happened

European markets open lower after Wall Street suffers second biggest drop of the year, with airline shares among biggest fallers

The current state of play on the markets sees the FTSE 100 nearly 1% or 71 points lower, Germany’s Dax down 0.3%, France’s Cac off 0.9% and Spain’s Ibex falling 0.75%.

The European travel and leisure index is 1.1% lower, partly reflecting the falls in airline and tourism stocks.

And on Wall Street,...

August 18, 2017


	Melbourne, Vienna and Vancouver most liveable cities
Melbourne, Vienna and Vancouver most liveable cities

Damascus, the capital of war-torn Syria, was named the least liveable city, below both Lagos in Nigeria and Tripoli in Libya.

Major global hubs, including New York, London, Paris and Tokyo were all outside the top ten because of 'high crime, congestion and public transport problems'.

For the seventh year in a row, Melbourne (pictured) has been named the world's most liveable city

Vienna in Austria was named runner-up in a top...

August 18, 2017


	DIY disaster as rivals B&Q and Homebase are hammered
DIY disaster as rivals B&Q and Homebase are hammered

Badweather and changing home improvement habits have led to a miserable summer for Britain’s biggest DIY companies.

Sales at Kingfisher’s chain B&Q were down 7.7 per cent to £967million during the second quarter while Homebase’s sales for the full year plummeted 6.8 per cent to £1.2billion.

B&Q said the warmer spring meant that customers bought products earlier than normal, while Homebase’s Australian owners Wesfarmers put ...

August 18, 2017


	CITY DIARY: Is Lloyds boss taking a cue from George IV? 
CITY DIARY: Is Lloyds boss taking a cue from George IV? 

Art gallery The Wallace Collection offers tickets in a fortnight's time to 'George IV: From Rake to Regal', a lecture about the dandyish 19th century monarch who kept a string of mistresses. 

Can we expect the gallery's wolfish chairman, Antonio Horta-Osorio, among the audience? 

Like His Majesty, the Lloyds chief possesses both a weakness for sharp tailoring and a keen eye for the lassies.

Sir Richard Branson reassures those...

August 18, 2017


	MARKET REPORT: Hikma Pharmaceuticals loses £335m
MARKET REPORT: Hikma Pharmaceuticals loses £335m

Investors found Hikma Pharmaceuticals' results a bitter pill to swallow after it failed to say whether its key asthma drug will be sold in the US following a delay earlier this year.

The FTSE 250 firm and its partner Vectura were savaged in May after failing to gain US regulatory approval for a generic version of rival GlaxoSmithKline's asthma drug Advair.

Despite 'constructive' talks with the US regulator, the firm did not say whe...

August 18, 2017


	German stock exchange sees insider trading probe widen
German stock exchange sees insider trading probe widen

An insider trading probe has hit the board of Germany’s stock exchange following a failed £21billion takeover of its British rival.

Deutsche Boerse sought to buy the London Stock Exchange last year, but competition authorities turned it down.

The Frankfurt-based company’s boss Carsten Kengeter raised hackles in Germany – culminating in a criminal probe many see as politically motivated.

Prosecutors raided his office and apart...

August 18, 2017


	British banks face fresh legal action in the US
British banks face fresh legal action in the US

The Federal Deposit Insurance Corporation has begun action in the High Court

British banks are facing fresh legal action after US authorities accused them of helping destroy American lenders once worth £340billion.

It’s claimed Lloyds, Barclays, Royal Bank of Scotland and others helped ruin 39 firms across the Atlantic by rigging Libor interest rates.

The US Federal Deposit Insurance Corporation (FDIC) has started action in t...

August 18, 2017


	French unemployment falls to five-year low of 9.5%
French unemployment falls to five-year low of 9.5%

Unemployment in France has fallen to a five-year low

Unemployment in France has fallen to a five-year low – but is still more than twice as high as in the UK where dole queues are the shortest for 42 years.

Official figures showed the jobless rate in France fell from 9.6 per cent to 9.5 per cent in the second quarter of the year, the lowest since 2012, but was still more than double the UK’s jobless rate of 4.4 per cent. 

By ...

August 18, 2017


	Windfall for Saracens rugby club boss Nigel Wray
Windfall for Saracens rugby club boss Nigel Wray

The owner and chairman of Saracens rugby club, Nigel Wray, saw his stake in investment firm YOLO Leaisure and Technology shoot up by £3.3million yesterday after the company soared in value.

YOLO – named after the phrase ‘you only live once’ – rose 65 per cent after one of its investments, music-streaming service Electric Jukebox, said it would list on the London Stock Exchange next year.

Electric Jukebox, 41 per cent owned by YOLO ...

August 18, 2017


	EU 'triggered crisis at Banco Popular', say investors 
EU 'triggered crisis at Banco Popular', say investors 

Banco Popular collapsed in June and was sold to Santander for €1

Brussels bureaucrats triggered a run on a Spanish lender, investors have claimed.

Banco Popular collapsed in June and was sold to Santander for €1 after a loss of confidence which saw families rush to pull money out.

But hedge funds which owned bonds in the bank say the problem was worsened by the European Union's Single Resolution Board, after Elke Konig, the h...

August 18, 2017


	Ordnance Survey plots course to record revenues 
Ordnance Survey plots course to record revenues 

Mapping agency Ordnance Survey is reeling in record revenues with businesses and authorities turning to its pinpoint-accurate data.

The Government-owned firm reported revenue of £152.8million during the latest financial year, up 4 per cent on the previous year and above £150million for the first time ever, although profits of £42.5million fell from £46.9million.

Founded in the 18th century to help fend off the French, Ordnance Surv...

August 18, 2017


	World's oldest investment trust F&C is still going strong
World's oldest investment trust F&C is still going strong

It might be the world's oldest investment trust, but F&C is still going strong thanks to bumper returns from emerging markets and European equities.

Those who piled into the trust 20 years ago would have seen their investment grow by 408.55 per cent (to 10 August). In other words, a £1,000 investment would have risen to £4,085.50 over two decades before fees are taken into account.

The trust invests all around the world - and h...

August 18, 2017


	Gartenart outlines the benefits of a natural swimming pool
Gartenart outlines the benefits of a natural swimming pool

It will come as no surprise that the Beckhams are planning a swimming pool for their new £6million home in the Cotswolds. 

But what might be unexpected is that it is unlikely to have a drop of chlorine - and may well include newts and dragonflies as well. 

Natural swimming pools have become all the rage among those who can afford the six-figure price tag, and Victoria and David are set to join this exclusive anti-chlorine club.

...

August 18, 2017


	West Sussex is revealed as the top place for pensioners
West Sussex is revealed as the top place for pensioners

Boasting rolling fields, a colourful history and bouts of sunshine, West Sussex has been ranked as the most attractive place for a happy retirement, knocking Dorset from the top spot.

The rural area in the south of England was lauded for having good weather, a low crime rate and a strong disability-free life expectancy, in Prudential's updated Quality of Retirement Index.

The new analysis put affluent Dorset down to second place, w...

August 18, 2017


	Savers who cash in pensions risk running out of cash
Savers who cash in pensions risk running out of cash

Savers risk running out of money in retirement due to a surge in families investing their pension pots without advice, a top boss warns.

Phil Loney, head of savings firm Royal London, said more retirees were putting their money into drawdown products with no understanding of the risks.

Traditionally, savers used the money in their nest egg to buy an annuity which guarantees a set amount of income for life.

But pension freedom...

August 18, 2017