Here’s how much less millennial men are earning February 9, 2017 Were you born after 1980? Are you a man? You're probably earning less than previous generations were at the same age. Millennial men have earned less than generation X (those born before 1980) every single year of their 20s, new figures reveal. And by the time they reach 30, the cumulative loss in earnings compared to the [...]
Revealed: London’s 40 first-time buyer hotspots February 9, 2017 Looking for a place to call your own in the capital is tough if you're a first-time buyer – although house price growth is lower, most places are still out of reach. But new research has listed the 40 areas in London where first-time buyers are still thriving, with prices in some of the most [...]
Germany exports reach record £1 trillion amid currency manipulation claims by Trump administration February 9, 2017 Germany’s trade surplus has reached a record high, as exports continue to rise to new heights from Europe’s largest economy. The figures come only two weeks after US President Donald Trump’s new trade adviser, Peter Navarro, accused the German government of manipulating its currency to “exploit” the US. Exports rose to €1.2 trillion (£1 trillion) [...]
Four stations, 65,000 extra journeys and 25,000 homes: TfL just gave us more details about its massive Bakerloo Line extension February 9, 2017 Transport for London (TfL) has set out new details about its much-anticipated Bakerloo Line extension, which will stretch from Elephant and Castle to Lewisham. TfL's plans include four new stations – two on Old Kent Road, one interchange at New Cross Gate and one at Lewisham, although it added there is potential for a further [...]
Russian gold miner Nordgold is delisting from the London Stock Exchange February 9, 2017 Russia's Nordgold today said it will delist from the London Stock Exchange to revamp its valuation. Owned by Russia's richest man, billionaire Alexey Mordashov, the gold miner said it has failed to increase its market capitalisation in line with rallying gold prices. Nordgold said its global depositary receipts (GDRs) were undervalued because of low trading volumes and general lack of liquidity caused [...]
This is what Londoners want within walking distance of their homes February 9, 2017 When it comes to buying a home, Londoners are the most demanding customers in the country. In the UK as a whole a staggering 25 per cent of people say they "wouldn't need anything in particular" near their homes, according to a survey by YouGov. Read more: This is how far house prices have plunged in [...]
Fake news and echo chambers help BBC Radio 4’s Today hit record listeners February 9, 2017 An "era of fake news" has helped the BBC's flagship radio news programme clock its biggest audience to date, new figures reveal. Radio 4's Today programme boasted 7.45m weekly listeners in the last four months of 2016. Listener numbers grew from 7.1m in the previous quarter and 7.03m in same quarter in 2015, according to the [...]
BHP Billiton greenlights a $2.2bn investment into BP’s Mad Dog oilfield February 9, 2017 BHP Billiton today announced it has approved a $2.2bn (£1.75bn) investment into the second phase of BP's deepwater Mad Dog oilfield. The project, located in the Gulf of Mexico, includes a new floating production facility with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. Production is set [...]
Snow in London as Met Office warns of wintry weekend weather February 9, 2017 Parts of London have seen snow this morning, and further showers are set to fall on the capital over the weekend. Twitter users reported a light dusting in various parts of east London. Light #snow in #Shoreditch, #London. #publicserviceannouncement — Rob (@robhallifax) February 9, 2017 It's snowing in Tower Hill! #snow #London pic.twitter.com/et6hlsTqoC — Lucy [...]
DFS warns of margin squeeze due to currency movements February 9, 2017 DFS has flagged that its margins are being eroded due to the fall in the value of the pound. The furniture retailer said that it was offsetting the effect of currency movements by negotiating prices with its suppliers. It also said that its ability to manufacture in the UK gave it a "competitive advantage". The [...]