UK inflation: Consumer price index falls to 0.5 per cent in December January 13, 2015 Crumbling energy and petrol prices dragged the rate of inflation to a joint low since records began in 1989, forcing Bank of England (BoE) governor Mark Carney to write an open letter to the chancellor explaining the fall. The consumer prices index (CPI) rose just 0.5 per cent in the year to November, the Office [...]
Cadbury’s Creme Egg gate: Recipe change sparks backlash January 12, 2015 The US owner of Cadbury has admitted to changing the recipe of the much-loved Creme Egg. Cue an angry backlash from fans of the chocolate treat… Kraft, which took over the brand back in 2010, admitted it had abandoned the milk chocolate shell in favour of a cocoa mix. A spokesman for the brand told the Sun [...]
Thomas Piketty: Anti-austerity parties are good for Europe January 12, 2015 Economist Thomas Piketty's latest argument that the increased popularity of anti-austerity parties is actually "good news for Europe" will no-doubt rile many. He took the world by storm last year with the publication of Capital in the 21st Century which argued for a global, progressive tax of capital to combat increasing equality. It's attracted attention (and criticism) [...]
Oil crashes to new six-year low after Goldman Sachs cuts forecasts January 12, 2015 Oil crashed to a new six-year low after Goldman Sachs became the latest banking giant to cut forecasts, saying the price of the black stuff must fall further if it's to discourage investment in its rival shale gas. Brent crude broke the $48 per barrel mark this afternoon taking it to its lowest level since [...]
Irish government takes first step towards re-listing Allied Irish Banks January 12, 2015 Ireland's government has taken its first step towards re-listing Allied Irish Bank with a little help from banking titan Goldman Sachs. The Irish government announced it had appointed Goldman Sachs to advise on the bank's relisting, the completion of which would return some €21bn (£16.4bn) to the taxpayer following a bailout in 2010. Finance minister [...]
This year’s best paid graduate jobs will be in accounting, law and finance professions January 12, 2015 Young people disheartened by sky-high university fees should set their sights on a career in the City, with accounting, law and finance professions set to pay the highest graduate salaries in 2015. Anyone about to embark upon their first year in investment banking could take home £45,000. Wannabe lawyers and ambitious financiers can expect to [...]
Afren share price falls as much as 27 per cent after cutting Kurdistan oil reserve estimate January 12, 2015 Afren's share price skidded by as much as 28 per cent after it slashed estimates for reserves at its Barda Rash oil field at the Iraq-Kurdistan border. The oil and gas company told investors that the oil field was expected to show a "material reduction" compared to previous estimates of resources at the site. This [...]
Paris march: Huge crowds rally in honour of terror victims January 12, 2015 Huge crowds marched through the streets of Paris yesterday to honour the victims of three days of brutal terror attacks in the French capital. Hundreds of thousands of French people descended as the country began to come to terms with its biggest terror attack since the Second World War. The march was led by the [...]
Paris attacks: London’s Tower Bridge, Trafalgar Square and the National Gallery lit up in show of solidarity with France January 11, 2015 Some of London's most famous landmarks were illuminated by the colours of the French flag tonight, in a special tribute to the victims of this week's terror attacks in Paris. The Tower Bridge, Trafalgar Square and the National Gallery were lit up with red, white and blue light – the colours of the French flag. [...]
Jaguar to create 1300 UK jobs with the launch of its first SUV at the Detroit Motor Show January 11, 2015 Jaguar Land Rover will create 1,300 jobs when it drives into the sports utility vehicle sector next year, with the launch of its own 4×4 SUV to be unveiled at the Detroit Motor Show later today. The new model is based on the C-X17 concept car which was first showcased at the Frankfurt motor show [...]
