Increasing investor interest in cloud computing and mobile tech
According to Deloitte’s "2015 Global Venture Capital Confidence Survey”, there is positive sentiment among investors in new and emerging technologies such as the Internet...
Deutsche Bank cutting workforce by 25 percent
Deutsche Bank plans to cut its workforce by 25 percent, according to financial sources.
The investment bank will be laying off 23,000 employees primarily in...
NS&I cutting ISA rate for over 400,000 savers
National Savings & Investments (NS&I) announced that it will be cutting the rate on its tax-free ISA account from 1.5% to 1.25% in November.
As...
Growing vulnerabilities in major emerging economies
Financial investors are becoming more concerned about the growing vulnerabilities in major emerging economies, particularly China, as they reassess the global growth outlook, according...
Earnings in the UK rose 2.9% in the quarter to July
Economists expect that average earnings in the UK rose 2.9 percent over the three months to July compared with a year ago.
Inflation in July...
Car ownership in the UK has surged to 75%
Car ownership in the UK is on the rise, according to a report published by the British Car Auctions (BCA).
The report revealed that UK...
Goldman Sachs slashes oil price outlook for 2016
Goldman Sachs announced that it has cut its price outlook for oil next year.
The investment bank cited oversupply and the effects of a slowing...
UK FTSE 100 down 1.18 percent to 6155.81
The UK FTSE 100 dropped on Thursday by 1.18 percent, or 73.20 points, to 6155.81.
The drop came after the Bank of England voted to...
The average price of a home in the UK is now £204,674
The average price of a home in the UK has increased to £204,674, according to Halifax.
The average home price within the three months to...
Bank of England votes to hold interest rates at 0.5 percent
The Bank of England voted in favor of keeping interest rates at a record-low of 0.5 percent.
Policymakers voted 8-1 to keep rates at the...