Rise of Technology, Media and Telecommunications sectors fuelling demand for high-quality office space February 13, 2017 | City Talk Fuelled by record demand for high-quality office space, a thriving visitor economy, international student appeal and an attractive quality of life, it’s no wonder Edinburgh attracts developer interest from around the globe. Edinburgh’s commercial property market remained buoyant in 2016. That strong performance followed an exceptional 2015, in which office deals were the highest on record [...]
Opec has revealed compliance with its production cuts reached a record high, and oil prices are plunging February 13, 2017 Analysts are concerned the Organisation of the Petroleum Exporting Countries (Opec)'s production cuts won't be enough to raise crude prices. Opec today revealed it reached a record high of more than 90 per cent compliance with its planned cuts, but oil prices plunged on the news. Global benchmark Brent crude is trading down 2.13 per cent at around $55.49 a barrel while [...]
Le Project Fear: Frexit will cost France €30bn, says bank governor February 13, 2017 Marine Le Pen’s plans to pull France out of the European Union will raise the costs of servicing the country’s debt by roughly €30bn (£25.5bn), according to the governor of the Banque de France. Speaking on French radio, François Villeroy de Galhau warned quitting the Eurozone and the single currency will “impoverish” France. “With the euro, [...]
Rise of Technology, Media and Telecommunications sectors fuelling demand for high-quality office space February 13, 2017 | City Talk Fuelled by record demand for high-quality office space, a thriving visitor economy, international student appeal and an attractive quality of life, it’s no wonder Edinburgh attracts developer interest from around the globe. Edinburgh’s commercial property market remained buoyant in 2016. That strong performance followed an exceptional 2015, in which office deals were the highest on [...]
RMT staffing row flares ahead of fresh talks with Southern rail tomorrow February 13, 2017 It might be Valentine's Day tomorrow but don't expect love to be in the air when the Rail, Maritime and Transport (RMT) union and Southern rail meet for fresh talks. The talks, which will be held at conciliation service Acas, are aimed at resolving the long-running dispute over the role of the guard, after train drivers' union [...]
MPs believe accountants will play a pivotal role in helping the UK navigate its exit from the EU February 13, 2017 A beancounting Brexit boost is on the cards according to some of the very people charged with negotiating Britain's exit from the EU. Nearly half (47 per cent) of MPs polled by YouGov believe Brexit will have a positive impact on the accountancy sector, as clients will run to their trusted financial advisers to understand the [...]
Swedish oil firm Lundin Petroleum is spinning off its non-Norwegian assets in a new company February 13, 2017 Sweden's Lundin Petroleum has announced plans to spin off its assets from outside Norway into an independently listed oil and gas firm. The newly formed company, International Petroleum Corporation (IPC), will take control of Lundin's assets in Malaysia, France and the Netherlands. IPC will distribute shares in the new firm to existing investors. It has applied to the [...]
Brexit not as bad for the UK as we thought, says EU, as it revises country’s growth figures upwards February 13, 2017 The European Commission has become the latest body to lift its UK growth forecast, admitting today that the impact of Brexit might not be as bad as it originally feared. EU forecasters now expect the UK economy to expand 1.5 per cent this year, up from their prediction of just one per cent growth, made [...]
Now Sonos is hiking prices because of the weaker pound February 13, 2017 Trendy speaker maker Sonos has become the latest cult tech giant to announce it is increasing prices on its UK catalogue thanks to the weaker pound “Our prices are defined regionally,” the company said in an email to its customers. “In the UK, this includes local taxation and import duties, but we pay for everything we make in [...]
London airports soar to record months as UK shows “economic resilience” in the face of Brexit February 13, 2017 Passenger numbers at London's airports continue to soar as Luton reported a 20 per cent jump for January compared to last year. London's two biggest airports also had record months, with passenger numbers at Heathrow up 4.2 per cent at 5.74m and Gatwick up 12.1 per cent with 2.8m passengers travelling through the airport. Heathrow [...]