• Footsie slides; pound rises to $1.25 versus dollar

    The FTSE 100 closed down 27.47 points at 6772.00 as energy stocks slumped ahead of OPEC meeting in Vienna to thrash out oil production cuts. Brent crude fell to $46.49 (£36.86) a barrel amid volatility as traders ponder the likelihood of a deal. The US Dow Jones was ahead 31.1 ...
  • Brexit may boost engagement in retirement planning

    Employers are expecting Britain’s exit from the EU to impact employees’ pensions and pension planning, according to research by Close Brothers Asset Management. Only 9% of companies think the vote will have no impact on its staff.
  • November witnesses faster house price growth, says the Halifax

    According to a lender’s figures, annual growth in UK house prices accelerated for the first time in eight months in November. The Halifax, part of Lloyds Banking Group, said property prices had risen by 6% compared with a year ago. That meant the cost of a typical home was £218,002, ...
  • UK’s leading tech start-up role risked by Brexit

    The UK’s leading position in the European tech start-up industry could be threatened if Brexit makes it harder to attract foreign employees, according to a new study. The UK currently boasts almost a third of all tech start-up employees in Europe, ahead of France on 19pc and Germany on 18pc, ...
  • Minister denies tax deals drive tech giants to invest in Britain

    The minister responsible for the digital economy has said there is no need for a post-Brexit tax deal with technology companies. Matt Hancock, the Minister of State for Digital and Culture, rejected the suggestion that Silicon Valley giants Facebook, Apple and Microsoft were encouraged to set up new London offices ...
  • Facebook to hire 500 UK employees in 2017

    Facebook will have bigger UK presence in 2017. The technology giant is to increase UK employees by 50% when it opens its new London headquarters in 2017, it has announced. The new staff will include 500 additional employees, including engineers, marketers, project managers and sales staff.
  • Referendum defeat: Italian banking shares poised for worst since 2011

    Italian banking shares suffered heavy losses after Matteo Renzi’s heavy constitutional referendum defeat revived fresh concerns about the fragility of the country’s financial system. In turbulent trading, Italy’s banks index fell by as much as 4.8 per cent in early trade as investors feared efforts to raise capital for beleaguered ...
  • London: Stocks push lower as investors review Italy vote

    Stocks in London pushed lower in early trade as investors reviewed the implications of the Italian referendum and Prime Minister Renzi’s resignation amid a lack of fresh catalysts. At 0820 GMT, London’s FTSE 100 was down 0.2% to 6,731.94. Meanwhile, oil prices were a little weaker, with West Texas Intermediate ...
  • Real estate dependent growth not sustainable

    The government’s policies of boosting the economy by deregulating the real estate market are coming to an end as snowballing debt is taking toll on the economy. Economists warn that growth depending on real estate isn’t sustainable. Ha Joon-kyung, a professor of economics at Hanyang University, said that any administration ...
  • Collaboration will determine the future of corporate real estate

    Those who can afford it are going for buildings that are aesthetically significant, smart and technologically advanced environments. Corporates on the business scene have the budgets for the best space, and they are increasingly demanding about the way that buildings look and operate, putting pressure on developers to take risks ...