Lonmin’s shares are plummeting as its latest production report reveals a “disappointing” first quarter January 26, 2017 One of the world's largest platinum producers today said labour issues and falling output led to a "disappointing" first quarter. Lonmin fell to the bottom of the FTSE all-share after it announced its production results for three months to 31 December 2016. Shares were down 14.85 per cent at 150.50p in afternoon trading. A "disappointing" quarter The South [...]
CMC’s shares fall further as spreadbetter awaits regulatory uncertainty January 26, 2017 CMC Markets’ shares fell three per cent this morning after the company said it was difficult to anticipate how much of an impact regulatory changes will have on the business. The spreadbetting giant made clear last month that it will consider moving its headquarters out of London if the Financial Conduct Authority (FCA) pushes ahead [...]
Mortgage lending hit a nine-month high in December January 26, 2017 Mortgage approvals hit a nine-month high in December, and overall in 2016, gross mortgage lending increased 12 per cent. Figures from the British Bankers Association show that gross mortgage borrowing increased by 3.6 per cent year-on-year in December, reaching £12.6bn, with remortgaging approvals jumping 30 per cent to their highest level since October 2008. Read more: Restaurateur [...]
Article 50: MPs will get five days to debate Brexit bill January 26, 2017 Legislation granting Prime Minister Theresa May power to launch Brexit talks has been formally unveiled today. House of Commons leader David Lidington said MPs will have five days to debate Article 50, starting from next Tuesday. It means that the House of Commons will vote on the legislation on 8 February. MPs challenged the amount of [...]
Keystone XL still faces obstacles even with Trump’s approval January 26, 2017 President Donald Trump moved to fulfill one of his campaign promises on Tuesday, signing an executive order to revive the Keystone XL and Dakota Access Pipelines. The former had been rejected outright by the Obama administration while the latter had been given an indefinite delay. The industry hailed the executive order, but just because President [...]
Johnson & Johnson to snap up Swiss biotech company Actelion for $30bn January 26, 2017 Johnson & Johnson (J&J) is snapping up Europe's biggest biotech company Actelion in a $30bn (£23.7bn) deal. According to Dealogic, this is the biggest M&A deal announced so far in 2017 and the biggest acquisition on record by Johnson & Johnson. J&J, which is the world's biggest healthcare group, is also funding a new research and development company [...]
UK economy sees no Brexit downturn with two per cent growth in 2016 January 26, 2017 The UK ended 2016 on a high as economic growth in the last three months of the year showed little sign of a hit in the aftermath of the Brexit vote. The economy grew by 0.6 per cent in the fourth quarter, beating economists’ expectations. This means the UK economy grew by two per cent [...]
HS2 announces CH2M’s European boss Mark Thurston as new chief executive January 26, 2017 HS2 has appointed CH2M's Mark Thurston as its new chief executive. His appointment comes after a five-month hunt, which considered 20 potential candidates working on projects across the globe. Thurston is currently the regional managing director overseeing CH2M's European operations and will take up his new role in the spring (after handing over leadership duties [...]
Barnet is the London borough with the biggest risk of burglary January 26, 2017 Barnet is the London borough where the risk of burglary is highest, according to new research. And the north London borough is also the area where residents pay the highest price for burglaries – at a whopping £7.6m per year overall. Approved Index calculated the cost of burglaries based on insurance costs, and by using the [...]
Deals from energy providers are rising as Britain’s cheapest rate has gone up £100 in six months January 26, 2017 The cheapest energy deal on the market has risen £100 – 14 per cent – in just six months, new data suggests. An analysis of the market showed the cheapest deal in July 2016 was Iresa's Flex 1 tariff, costing £734 per year. Now, the best deal is Iresa's Flex 4 tariff, which costs £834 per year, found [...]