Now is precisely the right time to ask a variant of the question famously posed by presidential hopeful Ronald Reagan back in 1979: “Are you better off today than you were when the Coalition was formed?”
City of London workers are overwhelmingly relaxed about the outcome of the general election and foreign investors are ploughing money into UK government debt at a record pace. The findings suggest that talk of financial market panic over the outcome of this week’s poll is grossly exaggerated.
The cause of death of the Silicon Valley entrepreneur Dave Goldberg was still undisclosed last night. Mr Goldberg, chief executive of the online research service SurveyMonkey, passed away on Friday night aged just 47.
Administrators for one of the biggest high-street collapses of the past year are still struggling to find retailers to move into more than 300 empty stores in a sign that high-street demand for space is slowing.
Britain’s love affair with property continues unabated, despite the 2008 house price crash and fears that house values have risen too far above wages. Still we dream of owning our own home, and someone else’s too.
Britain has long been an important Western centre for Islamic finance, and specialist providers have been offering Sharia-compliant financial products here for around 30 years. But now this niche section of banking has seen an upsurge in popularity – and not just among Muslims. So how does it work and could it be the right choice for even more UK customers?
George Osborne has been dealt a blow as evidence of the worst month for British manufacturers in more than two years emerged just days before the election.
Shares in Lloyds Banking Group leapt after it surprised the market by saying that it would beat expectations for profit margins. It also said that, for only the third time in four years, it had not had to top up its reserves for paying PPI compensation.
The activist investor Edward Bramson is readying another tilt at the board of the private equity firm Electra despite a heavy defeat last autumn, it has emerged.
Prudential ended weeks of speculation about its future yesterday by appointing Mike Wells as its new chief executive on a £7.5m pay package.
Hopes of fresh stimulus measures from Beijing lifted Britain’s mining stocks, after data showed that manufacturing in China, the world’s top metals consumer, grew only marginally last month.
David Cameron left it late to concentrate his election campaign on the economy. The frustration among his natural supporters in the business world has boiled over into exasperation. Chief executives think he has a good story to tell about jobs and investment but has blown the narrative. Even at the televised interviews on Thursday night, it was an odd move to produce the letter left in the Treas
Beyoncé celebrated her seventh wedding anniversary with her impresario husband Jay-Z the only way the queen of pop should: by releasing her new single, “Die With You”, exclusively on his new streaming service, Tidal.
If only newsworthy tweets brought in real money, by now Twitter would probably be cruising past Apple as the world’s most-valuable company. Sadly for Twitter, 140 character messages – no matter how stupid or newsworthy – are proving a difficult platform on which to build a multibillion-dollar business. Twitter is not in immediate danger of joining MySpace in the social-media graveyard, but just
Another royal baby is boom time for bookmakers. William Hill has estimated that betting around the birth of the royal baby has totalled around £600,000 across the industry, compared to £500,000 for its big brother George in 2013.Meanwhile Ladbrokes put the total wagered at around £1 million, meaning it's on course to match the level seen for the prince.
The Church of England has said it will sell investments worth £12 million in firms where more than 10 per cent of revenue comes from fossil fuels.
Investors have taken a record £1 billion out of funds linked to the UK stock exchange in March 2015 in what experts believe to be a sign of stress about the upcoming general election.
Panic descended in Athens on Thursday as Greece’s 2 million pensioners were hit with delays to their monthly state stipend. Pensioners raided their accounts and broke into a board meeting, according to reports.
Executives at the price-comparison website uSwitch are in line for a near-£40m payday after the Zoopla property portal agreed to pay up to £190m for the business.
The glory days of American horse racing might be in the past, but on the first Saturday in May the country still stops whatever it is doing for two minutes to watch the Kentucky Derby. Tomorrow, millions of dollars will be gambled (legally and illegally) and Bourbon will be drunk in vast quantities. It’s “decadent and depraved” according to the Fear and Loathing in Las Vegas author Hunter S Thom
Did anyone notice there were some good bits in Royal Bank of Scotland’s results? No, really – there were. The bank is broadly delivering on its long-term plan. Its capital position has strengthened, and its mortgage business was the best for more than a year. The investment bank is being “restructured” – gutted might be a better description – into something more appropriate for what might eventu
Lloyds first quarter profits were up 21 per cent in the first quarter of 2015 compared to the same period a year earlier, beating analysts expectations to hit £2.2 billion.
Royal Bank of Scotland warned that it faced another year of pain in which fines for market rigging, mis-selling and litigation would continue to dog the bank, deferring any hopes that it can be returned to the private sector.
The European defence and aviation group Airbus is preparing to file a criminal complaint over allegations that the German intelligence service helped the US carry out industrial espionage.
Shell’s profits dived by 56 per cent in the first quarter as the FTSE 100 energy company became the latest victim of the sliding oil price.
Dmitry Firtash, a Ukrainian billionaire with high-level contacts among British politicians and mandarins, will not be extradiated to the US on bribery charges after the FBI’s case against him failed.
Sports Direct has hit back at Channel 4 over its Dispatches episode, aired Monday, that showed shocking staff practices involving zero-hours contracts and staff shaming over the store tannoy system.
Foxtons proved more popular in the City than in Brixton today despite the unloved estate agent saying the general election was still weighing on sales.
Chris Mordue, employment partner at Pinsent Masons:“Businesses will be hugely relieved by the ECJ's decision today. This is the end of an arduous legal battle which has caused confusion for UK businesses and could have led to compliance failures and millions of pounds of liabilities for UK employers.”