It’s official: The 25 millionth truck just went through the Eurotunnel March 17, 2017 It won't be long before one truck for every two Britons will have passed under the English Channel, figures from the Eurotunnel indicated today. Eurotunnel said at 3am today the 25 millionth lorry used the Le Shuttle Freight service since it commenced in July 1994. Read more: Eurotunnel smashes traffic record as it posts revenue growth The [...]
European Commission fines British Airways £90m for its role in an air cargo cartel March 17, 2017 British Airways is to be fined €104m (£90m) by the European Commission for its role in a major price-fixing scandal dating back to 1999. Some 11 airlines will be fined a total of €776m for their role in a cartel to fix fuel and security charges on flights to and within the European Economic Area between [...]
George Osborne’s latest job is editor of the Evening Standard March 17, 2017 Former chancellor George Osborne has been appointed as the new editor of the Evening Standard, its owner has said. Osborne, who worked for the Telegraph before running for Parliament, will keep his job as an MP. A source told City A.M. it was likely Osborne will edit the Standard four days a week on average. “So much [...]
Circassia share price flies on news of Astrazeneca partnership March 17, 2017 Shares in Neil Woodford-backed pharmaceuticals firm Circassia rocketed over 30 per cent this morning after the firm announced a $50m (£40.4m) investment from Astrazeneca. Circassia will buy the rights to two of Astrazeneca's pulmonary disease drugs in a deal that values the products at as much as $230m. The FTSE 100 giant will receive $50m of shares in its fellow [...]
Nine out of ten French voters think former presidential favourite Fillon is dishonest March 17, 2017 French Presidential wannabe François Fillon is more distrusted by voters than ever, a new poll has shown, after the right-wing candidate was put under formal investigation over claims he created three fake parliamentary aide jobs for family members. The poll, released this morning by Odoxa for FranceInfo, revealed nine out of 10 French see the former favourite as “not honest”, while [...]
Flying Level: British Airways owner IAG is launching a new low-cost, long-haul airline from Barcelona March 17, 2017 British Airways owner IAG has announced plans for a new low-cost, long-haul airline called Level that will take to the skies in June 2017. The new carrier will fly from Barcelona to Los Angeles, San Francisco (Oakland), Buenos Aires and Punta Cana. Read more: Norwegian Air launches new UK and Irish flights to the US from [...]
Emerging markets and junk bonds suffered as investors thanked the Fed for the promise of higher US yields March 17, 2017 Investors pulled money out of emerging markets and high-yielding bond funds at the fastest rate this year, positioning instead for bigger returns from US assets as the Fed continued on the path to normal monetary policy. High-yield bond funds, which target junk bonds from riskier but higher-rewarding companies, saw their biggest outflows since the end [...]
House prices in this London borough are 38 times annual earnings March 17, 2017 Dream of affording your own home in London? Well, don't start your house search in Kensington and Chelsea. Read more: A third of first-time buyers now spend half a decade saving for a home The latest figures from the Office for National Statistics show that house prices in Kensington and Chelsea were 38.5 times median [...]
Who owns London? The capital’s biggest landowners: Qataris own as much land as the Queen and TfL put together March 17, 2017 A company part-owned by the Qataris own almost as much land in the capital as Transport for London and the Queen put together, a new ranking has suggested, while the City of London was ranked second. Figures compiled by Datscha for property trade bible Property Week showed Canary Wharf Group, which is joint-owned by Qatari [...]
Is Denver the best place to live and work in America? March 17, 2017 | City Talk The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With its close proximity to the Rocky mountains, a rich cultural scene and growing population, we explain Denver's popularity and what that means for global real estate investors. Sitting at [...]