These are the three London areas where house prices fell in January March 3, 2017 House prices are steadily climbing in most parts of the capital – but tax changes on high-end homes have been pushing down values in the city's most central locations. According to data from Hometrack, there were three local authority areas in London where house prices fell year-on-year in January: London local authority House price change [...]
A ban on gold exports in Tanzania has sent Acacia Mining’s shares tumbling March 3, 2017 Acaica Mining's shares have plummeted as much as 18 per cent as the gold miner warned gold exports have been banned in Tanzania. The surprise ban on gold and copper concentrate exports came from the Tanzanian ministry of energy and minerals following a directive ordered by the President. "At this stage, Acacia has ceased exports of [...]
Growth in the US service sector hit a five-month low in February March 3, 2017 US services experienced a slowdown in February, as growth dipped to a five-month low with companies becoming more cautious about spending and hiring. IHS Markit's US services purchasing managers' index (PMI) fell to 53.8, but the indicator still signals healthy expansion of output in the world's largest economy – any figure below 50 denotes contraction. The [...]
Airlines braced for flight disruption next week as strike action by French air traffic controllers looms March 3, 2017 Airlines are braced for flight disruption next week as French air traffic controllers gear up for five days of strike action. Airport workers are planning to walk out from the morning of Monday 6 March to the evening of Friday 10 March, which will affect flights using southern and western French airspace, including many flights departing from the [...]
North Sea oil projects are rife with delays and overspending March 3, 2017 The UK's North Sea oil projects have run rampant with delays and overspending in recent years, a report by the industry regulator today revealed. Fewer than 25 per cent of oil and gas projects since 2011 were delivered on time, and projects were on average around 35 per cent over budget, a five-year review by the [...]
21st Century Fox lodges Sky takeover with European Commission with government “minded” to scrutinise deal March 3, 2017 The government has indicated it will likely scrutinise the takeover of Sky by 21st Century Fox. The US media giant notified the European Commission today, which in turn referred the transaction to Culture, Media and Sport secretary Karen Bradley. While the Bradley has 10 days to decide whether or not she will review the deal, [...]
A minimum excise tax on cigarettes will hurt lower earners and fuel the black market, British American Tobacco says March 3, 2017 Once again, British American Tobacco (BAT) is pushing back against the government's proposals to create a so-called tax floor ahead of next week's Budget. A minimum excise tax (MET) will set a minimum amount of tax payable on any packet of cigarettes. After former chancellor George Osborne announced plans to instate an MET in 2016, the government now says it will announce [...]
British Airways cabin crew start fresh week-long walkout in dispute with airline over “poverty pay” March 3, 2017 British Airways has remained bullish about flying all customers to their destinations as cabin crew members start the first day of a fresh week-long strike in the ongoing row over "poverty pay". BA said the vast majority of flights to and from London Heathrow will operate as normal, but said a "very small number" of flights will be merged [...]
Analysts react to WPP’s share slide March 3, 2017 WPP posted record revenues in 2016, but the advertising giant's shares fell by more than seven per cent this morning after it warned that economic growth in the year ahead would be "tepid". The media group headed up by Sir Martin Sorrell set a conservative growth estimate of two per cent for revenue and net sales in [...]
Taxi for Uber: High Court rules in favour of TfL saying private hire drivers will have to pass a written English exam March 3, 2017 Uber has lost a key part of its High Court case against Transport for London (TfL), after a High Court ruled private hire drivers will be forced to pass a written English exam. The firm did though, win other parts of its case, so it won't have to provide a telephone call centre for passengers open 24 hours [...]