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  • UK pay rates for new staff ‘soaring’

    UK pay rates for new staff ‘soaring’

    Pay rates for staff placed by employment agencies are “soaring” as candidates are becoming choosy about which jobs to take, according to a new report. This year could be one in which the candidate “finally becomes king”, said the Recruitment and...

  • UK house price rise set to slow down

    UK house price rise set to slow down

    House prices increased by 7.8 per cent in 2014 but the pace of growth in property values is expected to slow this year, Halifax has reported. On a month-on-month basis, Halifax said average UK property prices rose by 0.9 per cent between November...

  • Morrisons faces festive sales test

    The spotlight will fall on Morrisons this week after rivals Sainsbury's and Tesco gave investors a boost with better-than-expected festive sales figures. Supermarket chain Morrisons is expected to show an improvement in trading on Tuesday to...

  • Cheaper oil helps narrow trade gap in Britain

    Britain’s trade deficit fell to a 17-month low in November – helped by cheaper oil – while the manufacturing sector grew at its strongest pace in seven months, official figures showed on Friday. The shortfall between exports and imports narrowed...

  • Jobs fear as Tesco axes 43 stores

    Jobs fear as Tesco axes 43 stores

    New Tesco boss Dave Lewis wielded the axe on Friday as he announced 43 store closures even as his shake-up of the supermarket showed signs of stemming a sales slide. Thousands will be left fearful for their jobs in the closure of unprofitable...

  • Sturdy US employment gains eyed

    Sturdy US employment gains eyed

    US job growth likely remained brisk in December, setting the economy up for a stronger pace of expansion this year, even as the global economy shows signs of buckling. Employers probably added 240,000 jobs to their payrolls last month after...

  • China December inflation hovers near five-year low

    China December inflation hovers near five-year low

    China’s annual consumer inflation hovered at a near five-year low of 1.5 per cent in December, signalling persistent weakness in the economy but giving policymakers more room to ease policy to support growth. The world’s second-largest economy...

  • Index ends first trading week 0.3 per cent higher

    The Malta Stock Exchange index managed to end the first trading week of 2015 in positive territory despite three days of negative returns after recording a signi­ficant gain on Monday – the first trading day of the year – and a minimal increase on...

  • Dollar, stocks fall on revived growth worries

    The dollar eased yesterday after an American labour market report suggested a go-slow approach to raising US interest rates, while global equity markets fell on more weak data from Europe, adding to worries about tepid growth around the...

  • Greek debt held by ECB cannot be restructured

    Greek debt held by ECB cannot be restructured

    Greek government debt bought by the European Central Bank to help Greece during the sovereign debt crisis cannot be restructured, ECB Executive Board member Benoit Coeure said in an interview with France 24 radio station. Greece will hold a...

  • Santander shares tumble after €7.5bn share sale

    Santander shares tumble after €7.5bn share sale

    Shares in Spain’s Santander tumbled more than 10 per cent yesterday after the bank sold €7.5 billion of new shares at a steep discount to improve its capital strength and fund growth. The eurozone’s biggest bank announced the quick-fire share sale...

  • Tesco cost cuts and asset sales

    Tesco will slash costs and sell assets to fund lower prices and mend its finances, Britain’s biggest retailer said, as its new boss set out his plan to fight back from years of market share losses and an accounting scandal. Dave Lewis, poached...

  • Daily currency report

    The price of oil dictated broader market sentiment and currency market movements at the beginning of the week. The presumed oversupply of oil coupled with concerns over weaker global growth sent the price below $50 per barrel for the first time in...

  • Share index up 0.3% in first week of January

    The 0.4 per cent decline in the share index today trimmed the gains during the first week of January to 0.3 per cent. Following a very positive start this week, the equity benchmark declined for the past three sessions. Today’s downturn was due to...

  • Risk-on mode gearing up on QE expectations

    Risk-on mode gearing up on QE expectations

    For another day, European equity markets traded on hopes that the ECB will soon take new measures meant to increase the money supply and, hence, the excess liquidity and the hunt for yield. As such, the massive disappointment in German factory...

  • An opportunity for our country

    This week started with great turmoil in the financial markets. All major stock exchanges experienced a downturn in the value of equities which has not been insignificant. One could really claim that if this start to the new year was to be a...

  • Prospect theory: a key to investing success

    Prospect theory: a key to investing success

    Contrary to popular belief, the greatest obstacles to investing successfully aren’t the innate risks and uncertainties found within the markets, nor dishonest or less than competent advisors, or even high fees. The reason why so many investors...

  • Standard Chartered axes equities business

    Standard Chartered axes equities business

    Standard Chartered chief executive Peter Sands moved aggressively yesterday to reverse the Asia-focused lender’s fortunes by closing the bulk of its global equities business and announcing 4,000 job losses in retail banking. The bank said in a...

  • ECB warns Greek funding access hinges on keeping bailout

    Greek banks’ access to European Central Bank funding beyond February will depend on Athens successfully completing a final bailout review and reaching a deal on a follow-up plan with its EU/IMF lenders, the ECB said yesterday. The statement was...

  • UK house price inflation hits 11-month low – Halifax

    UK house price inflation hits 11-month low – Halifax

    The UK’s housing market cooled further in the three months to December as house prices rose by 7.8 per cent compared with the same period last year, the smallest increase since last January, mortgage lender Halifax said yesterday. In December...