OECD economic outlook: Where are the world’s trouble spots? November 25, 2014 A stagnant Eurozone, troubled Japan and divergent global monetary policy could hamper global growth over the next two years, according to the OECD. The Organization for Economic Cooperation and Development has warned that global growth will reach 3.3 per cent this year, rising to 3.7 per cent next year and finally hit 3.9 per cent in [...]
US GDP growth revised up to 3.9 per cent for the third quarter November 25, 2014 The US economy grew more than expected over the last three months, data released by the US Commerce Department has shown. The world's largest economy grew 3.9 per cent in the third quarter, or 0.4 per cent more than originally reported. This was well above expectations: economists had predicted it would be revised down to [...]
Aldi takes on Fortnum & Mason and Selfridges with luxury wine discounts this Christmas November 25, 2014 German discounter Aldi is going up against the likes of luxury retailers Fortnum & Mason and Selfridges this Christmas. It's offering a new range of "Super Premium" fine wines, in a bid to attract more luxury shoppers to its stores. The high-end drinks will retail for around 78 per cent less than their usual market [...]
AO World revenue rises 25 per cent on improved website sales November 25, 2014 Online white goods retailer AO World said total revenue rose 25.1 per cent to £384.9m in the six months to September 30. The retailer, which launched its IPO in February, said website sales increase by 38.6 per cent during this period to £173.7m. This was offset slightly by third-party website sales, which fell 11 per cent, [...]
Zoopla share price rises as it shrugs off the threat from Agents’ Mutual November 25, 2014 Shares at online property giant Zoopla rose 2.6 per cent as the market opened, after the company said full-year revenues had soared on the back of rising visits to the website, and as the company dismissed threats from a rival platform. The property group, which is owned by the Daily Mail and General Trust (DMGT), [...]
Kingfisher November 25, 2014 Kingfisher, Europe's biggest home improvements retailer, The company, who runs the B&Q and Screwfix chains in Britain, said third quarter sales fell 3.6 per cent to £2.8bn. France saw the biggest drop and sales fell 9.3 per cent to 1,064m during the same period. [XX], chief executive, said: Its shares were trading [UP/DOWN] [XX] per [...]
What to expect from the Counter Terrorism and Security Bill: Theresa May warns of terror threat November 24, 2014 The UK faces its biggest terrorism threat since any time before or since 9/11, as the Islamic State (IS) inflames home-grown extremism, home secretary Theresa May has warned. In a speech at a counter terrorism event in London, May also revealed a new counter-terrorism bill is set to be revealed to Parliament on Wednesday. But [...]
Plummeting oil prices and Western sanctions have cost Russia $140bn, its finance minister says November 24, 2014 Plummeting oil prices and Western sanctions have caused as much as $140bn to flood out of Russia this year, finance minister Anton Siluanov said today. While sanctions against its businesses are hurting the country's economy, falling oil prices are having the biggest impact. Oil and gas makes up the majority of Russian exports – 68 [...]
Ex-banker reaches settlement with Google over removal of ‘vile and abusive’ internet posts November 24, 2014 An ex-banker has reached a settlement with Google over "vile and abusive" internet posts, having previously argued that the firm should do more to remove them. Daniel Hegglin, a British businessman who used to for work Morgan Stanley, had been targeted by an anonymous internet troll and wrongly called a paedophile and a Ku Klux [...]
