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Economic news

Miliband attributes post-conflict treatment of Libya to migrant deaths

Miliband attributes post-conflict treatment of Libya to migrant deaths

Fri, 24 April 2015

Ed Milliband has suggested Prime Minister David Cameron is partly responsible for the migrant crisis in the Mediterranean, due to his failure to support post-conflict resolution in Libya. He claimed t... [more]

Farage: Immigrants from India and Australia are 'best fit'

Farage: Immigrants from India and Australia are 'best fit'

Thu, 23 April 2015

UKIP leader Nigel Farage has said that immigrants from India and Australia were preferable to eastern Europeans because culturally they are "more similar to the UK", despite previously pledging not to... [more]

More engagement needed if pension reform is to work properly, experts say

More engagement needed if pension reform is to work properly, experts say

Thu, 23 April 2015

The new pensions reform could lead to a number of workers being rushed into making a decision over their retirement plans, industry experts said on Thursday. From 6 April, under the government's pensi... [more]

Banks are technologically two decades behind, says Barclays data chief

Banks are technologically two decades behind, says Barclays data chief

Thu, 23 April 2015

Banks' technology is old but their size makes adopting innovation a long and complicated process, Barclays chief data officer, Usama Fayyad said on Thursday. Speaking at a business conference in Londo... [more]

Banks must make customers their priority, says Virgin Money chairman

Banks must make customers their priority, says Virgin Money chairman

Thu, 23 April 2015

Sir David Clementi, the chairman of Virgin Money and World First, said that more had to be done to ensure customers became the priorities for banks. Speaking at an event in London covered by Digital L... [more]

Financial industry must embrace tech revolution, experts say

Thu, 23 April 2015

The financial industry must embrace the recent technological innovations or it risks being left behind, industry experts said on Thursday. Worldwide, lenders have been urged to adopt a more customer-o... [more]

Deutsche Bank pays $2.5bn to settle Libor rigging claims in UK and US

Thu, 23 April 2015

Deutsche Bank has agreed to pay $2.5bn to settle US interest rate-rigging claims from UK and US regulators, including the largest ever UK fine for rate manipulation. Germany's biggest bank will pay th... [more]

Major parties' manifestos too vague, says IFS

Thu, 23 April 2015

Four of the major parties have failed to provide the electorate with detailed plans on how they will cut the deficit, according to the Institute for Fiscal Studies (IFS). The manifestos of the Conserv... [more]

Mortgage lending rises in March, says CML

Thu, 23 April 2015

Gross mortgage lending grew in March despite a decline during the first quarter of the year, according to the Council of Mortgage Lenders (CML). Mortgage lending reached £16.5bn last month, 21% higher... [more]

UK government deficit falls below target

Thu, 23 April 2015

UK public sector debt has been revised down for the last year, giving a boost to the economic credentials of the Conservative and Liberal Democrat coalition ahead of the general election. Although wea... [more]

UK retail sales fall in March due to slump in fuel sales

Thu, 23 April 2015

UK retail sales fell in March due to a decline in fuel sales, the Office for National Statistics said on Thursday. Year-on-year, retail sales were up by 4.2% last month, lower than expectations of a 5... [more]

Finance, pharma companies lead FTSE 350 in IT efficiency savings, KPMG says

Thu, 23 April 2015

Financial services and pharmaceutical companies are leading the FTSE 350 in improving efficiencies, driving digital process optimisation and corporate streamlining, according to a KPMG expert. Speakin... [more]

Lib Dems pledge to prevent public sector pay cuts

Wed, 22 April 2015

Millions of workers in the public sector would be protected from pay cuts if the Liberal Democrats were elected, according to party leader Nick Clegg. Instead, pay would rise between 2016 and 2018 and... [more]

FCA fines Merrill Lynch for transaction reporting failures

Wed, 22 April 2015

The UK financial regulator has issued its largest ever fine for transaction reporting failures to Merrill Lynch International. The Financial Conduct Authority slapped the UK broking and dealing arm of... [more]

Sterling rises as minutes show MPC more positive on Eurozone

Wed, 22 April 2015

The Bank of England turned more positive on the outlook for the Eurozone economy, with all members of the Monetary Policy Committee now seeing an increase in Bank Rate as "more likely than not" over t... [more]

John Major backs Cameron amid accuations of English nationalism

Tue, 21 April 2015

Former Prime Minister Sir John Major has voiced support for David Cameron, warning that a Labour-SNP coalition could destabilise the UK's economic recovery and leave Labour leader Ed Miliband open to ... [more]

Google updates Android tech ahead of search engine overhaul

Mon, 20 April 2015

Google has bolstered its smart watch's Android software days before the launch of the Apple Watch, in an effort to defend its share of the wearable gadget market and equip itself for new search engine... [more]

Global economy will grow despite Chinese slowdown, Standard and Poor's says

Mon, 20 April 2015

The global economy should continue to grow this year despite a continued slowdown in China, Standard & Poor's said on Monday. The rating services company expects a real gross domestic product (GDP) gr... [more]

House asking prices hit new record, says Rightmove

Mon, 20 April 2015

Asking prices for properties in Britain have hit a new high, according to property website Rightmove. New figures released on Monday showed that new seller's asking prices rose 1.6% month-on-month in ... [more]

SNP launches anti-austerity election manifesto

Mon, 20 April 2015

The SNP has launched its election manifesto, promising to reverse the austerity measures implemented over the last term and to bolster infrastructure with modest spending increases." Party leader Nico... [more]

US consumer confidence improves in April, Uni of Michigan says

Fri, 17 April 2015

US consumer sentiment improved slightly at the start of April, as inflation expectations fell back. The University of Michigan's index advanced to a reading of 95.9 from the 93 point level one year ba... [more]

Greece nears sales of first state assets in fundraising push

Fri, 17 April 2015

Greece has begun to try and raise funds by selling off state assets with the sale of a single national license for horse racing betting. Athens-listed Greek lottery and sports betting operator OPAP ha... [more]

Miliband to abolish long-term unpaid internships

Fri, 17 April 2015

Miliband would do away with unpaid internships if he were to become the next prime minister, he will announce on Friday. The Labour Leader has said that placements lasting more than a month would have... [more]

Utilities, rail operators most exposed to UK election, Fitch says

Fri, 17 April 2015

Utilities and rail companies are among the corporate sectors most at risk from regulatory or government policy shifts following the upcoming UK general election on 7 May, according to Fitch Ratings. W... [more]

Bloomberg blackout hits markets, BoE stands ready after Gilts setback

Fri, 17 April 2015

In the City of London and financial centres around the globe traders and analysts were left gnashing their teeth as their Bloomberg computer terminals crashed on Friday morning, with fixed income mark... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Amazon.Com Inc. 445.10 14.13 22:10
Microsoft Corp. 47.87 10.45 22:10
Starbucks Corp. 51.84 4.88 22:08
Mattel Inc. 30.20 4.43 22:10
Google Inc. Class C 565.06 3.30 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Biogen Inc 401.71 -6.64 22:10
Maxim Integrated Products Inc. 32.78 -5.64 22:10
Avago Technologies Ltd. 119.50 -3.68 22:10
Nxp Semiconductors Nv 95.33 -3.30 22:10
Altera Corp. 40.89 -2.85 22:08