Thousands of £250,000 starter homes are about to be built (outside London) January 3, 2017 Housing minister Gavin Barwell has given the green light for the construction of thousands of new starter homes outside of the capital. Built on brownfield sites, the new homes are designed for first-time buyers between 23 and 40 years old, and will be sold at a discount of 20 per cent below market value, with [...]
Eurozone stocks start 2017 with a bang as share rally rolls on January 3, 2017 Eurozone stocks started 2017 with a bang yesterday after manufacturing data showed the biggest ramp-up in production across the bloc for five years. Germany’s Dax closed up one per cent to 11,598.33 points, its highest level in almost 17 months, while France’s Cac 40 closed up 0.4 per cent to 4,882.38 points. The rise continues a [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
Global business leaders feeling confident as they enter 2017, but Brexit woes still a bother for UK firms January 3, 2017 Firms are feeling positive as they enter the new year, with figures out today showing optimism among global business leaders is at its highest levels since the third quarter of 2015. The research by professional services firm Grant Thornton found that optimism among the 2,600 businesses across 37 economies it surveyed increased to 38 per cent at the end [...]
Retailers will need to brave fierce headwinds in 2017 January 2, 2017 The high street's cold snap over Christmas and the New Year is not just seasonal. Several chills running through the sector could finally be felt with their full force in 2017. Rising inflation, falling wage growth, escalating costs and sterling's depreciation are all expected to weigh on retailers in the coming months. If inflation takes [...]
Retail cold snap: New Year footfall plummets at Britain’s shopping centres January 2, 2017 The UK high street experienced a sales cold snap at the weekend as new figures showed footfall fell nearly 13 per cent nationwide while in shopping centres it slumped by a massive 50 per cent. Poor weather, an early December spending spree and bank holiday trading hours deterred shoppers from venturing outdoors on New Year’s Day, [...]
Imperious Michael van Gerwen thrashes Gary Anderson to regain PDC World Darts Championship title January 2, 2017 World No1 Michael van Gerwen revelled in his triumph over defending champion Gary Anderson in last night’s PDC World Darts Championship final at London’s Alexandra Palace. In a match featuring a record 42 maximums, Van Gerwen dispatched Anderson, who was bidding to become only the third man to win three successive titles, 7-3, banking £350,000 [...]
West Ham United 0, Manchester United 2: Jose Mourinho unsympathetic as Slaven Bilic blasts referee Mike Dean for Sofiane Feghouli red card January 2, 2017 West Ham boss Slaven Bilic slammed the decision of referee Mike Dean to brandish attacker Sofiane Feghouli with a straight red card as Manchester United chalked up their sixth successive Premier League victory. The Hammers were forced to play 75 minutes with 10 men after Feghouli was dismissed for a tackle on United centre-half Phil [...]
Sports Direct shareholders to vote on fate of chairman this week, following investors’ revolt at AGM January 2, 2017 Sports Direct shareholders will meet on Thursday to decide whether the retailer's chairman should keep his seat. Dr Keith Hellawell, a former chief constable in his 70s, failed to find favour with investors in the company's annual general meeting in September, with just 47 per cent of independent shareholders voting to keep him as chair. Although the [...]
Manchester City 2, Burnley 1: Mixed feelings for Pep Guardiola despite victory returning his team to third in the Premier League January 2, 2017 Manchester City 2, Burnley 1 Tetchy Pep Guardiola took a swipe at English officiating after his Manchester City side recovered from an early red card against Burnley to climb to third in the Premier League on Monday. City captain Fernandinho incurred his third sending-off in the space of six games with a two-footed tackle on Clarets [...]