Softbank shareholders give Uber deal the green light December 29, 2017 A consortium led by Japan’s Softbank has agreed to buy a 17 per cent stake in Uber, after shareholders approved the purchase. A deal between the ride-hailing app and the Softbank-fronted group was first floated around two months ago, and yesterday, Softbank investors gave it the green light. The transaction values Uber at approximately $48bn [...]
East London acid attack: Police investigate after woman left with life changing injuries in east London attack December 28, 2017 Police are investigating after a woman was injured in an acid attack in east London yesterday. Police were called just before 7pm on Wednesday, 27 December to Westferry Road, Canary Wharf E14 to a report of a woman injured after having a noxious substance thrown on her. It is believed the victim was attacked in [...]
The government wants to give you better wi-fi and 5G mobile signal on trains December 28, 2017 The government is promising to sort out mobile phone signal on trains across Britain that would let every passenger stream movies straight to their smartphone, with no interruption while travelling through reception “back holes”. Plans for laying fibre optic cables alongside train tracks to provide gigabit broadband wi-fi and mobile masts to bring 5G to [...]
UK house prices: 10 Locations where property values have risen most in 2017 December 28, 2017 A seaside town in Somerset is the biggest winner from rising property prices this year, growing more than 10 per cent since January, new research reveals. Homes in Cleveland grew in value by 11.6 per cent, more than any other place in Britain and ahead of the 3.5 per cent average growth across the country [...]
Increasing prices will hurt the retail sector in 2018, according to this think tank December 28, 2017 The retail sector will “flatline at best” next year, according to predictions issued by the KPMG/Ipsos Retail Think Tank (RTT). The group made its lacklustre forecast based on a combination of “continued headwinds in the form of geopolitical and macroeconomic obstacles; an increased number of regulatory compliance issues and ongoing structural change within the industry”. [...]
The unprofitable reality of tobacco stocks December 28, 2017 | City Talk Chestnuts may be roasting on an open fire – at least on the speakers of every shop we have visited since October – but here our focus is smoke. More precisely we will be considering its continuing disappearance as more and more people quit cigarettes – and what this could mean for tobacco companies and [...]
Bitcoin price (BTC) tumbles after South Korea crackdown on cryptocurrency December 28, 2017 Bitcoin has tumbled after South Korea announced new rules for trading. The cryptocurrency tumbled under $14,000 in the latest move lower in a volatile period of trading, and was at $13,695 at pixel time according to Coindesk bitcoin price index (BPI). The South Korean government said it will ban anonymous accounts for trading cryptocurrencies and [...]
How much is Tim Cook paid? Apple boss lands major pay rise after iPhone profit rise (and a private jet) December 28, 2017 We may be in an era of little wage growth, but that’s not the case if you’re the boss of the world’s biggest tech company. Apple chief executive Tim Cook landed a major pay rise off the back of a great year for iPhone sales, new regulatory filings reveal. Read more: Apple’s Tim Cook says [...]
Hundreds of passengers stranded at London Stansted overnight due to snow December 28, 2017 Hundreds of people were left stranded at London Stansted overnight due to travel chaos brought on by snow yesterday. The airport was forced to close a runway at one point after heavy snowfall, and although it soon reopened, flight delays and cancellations continued throughout the rest of Wednesday. One passenger stranded on his way to [...]
Lord Heseltine provokes outrage as he says he’d prefer Labour government to Brexit December 28, 2017 Lord Heseltine has provoked outrage with comments about Brexit, with Conservative colleagues calling for Theresa May to withdraw the Tory whip from the outspoken politician. Heseltine told the Limehouse Podcast, a political podcast “covering politics from a liberal perspective” that he would prefer to see a Labour government than to have Brexit go ahead. “Well, [...]