Here’s how much you need to save each month if you want to buy a home in London in the next four years February 2, 2017 If you're a first-time buyer in London hoping to get yourself somewhere to call home in the next four years, look away now – for a new study has suggested the average first-time buyer should be saving £2,300 each month if they want to buy a house in the capital by 2021. Yikes. The National Housing [...]
Uber is “pressing pause” on Taiwan business after government pressure February 2, 2017 Things are heating up in Taiwan. Uber has suspended its services there over an ongoing rift with the government, which deems the ride-hailing app illegal. In a blog post on the company's site, Uber said it was "pressing pause in Taiwan" after reaching an "impasse", saying the government sought to move "further and further away from embracing [...]
More than Just enough: JRP beats market expectations for margins and its own on costs February 2, 2017 Shares in specialist insurer JRP Group jumped over four per cent on the news profit margins had beaten guidance and the group's merger with Partnership Assurance is delivering better than expected results. The figures New business numbers for the full year were down by 11 per cent at £2.4bn. The primary driver of this was [...]
Here’s why Chrysaor is buying up Shell’s North Sea assets February 2, 2017 The sector is starting to discuss the return of big oil and gas M&A the last several weeks. And yesterday we got more confirmation it’s “money on” right now in the global petroleum sector — with one of the biggest single deals in years coming down in an unexpected place. From a virtually unknown acquirer — [...]
French bond yields rise as Fillon scandal threatens to deliver far-right Marine Le Pen the Presidency February 2, 2017 Investors are fleeing French government debt on fears that far-right Marine Le Pen will become President, as the candidacy of former favourite Francois Fillon continues to be tainted by a scandal involving his Welsh-born wife. The yield on the French 10-year government bond has risen steadily over the past month to reach highs of 1.128 [...]
Don’t go bacon my heart: US says pig shortage claims are mere porkies February 2, 2017 US pork producers have been forced to defend themselves after a ham-fisted online debate led many to believe the nation was short of bacon. Read more: Say cheese: Londoners love burgers more than anyone else Concerns surfaced on Twitter under hashtags #BaconShortage and #BaconReserves after the US Department of Agriculture data showed frozen pork belly reserves were waning. [...]
German prosecutors probe share purchase by Deutsche Boerse boss before London Stock Exchange merger deal February 2, 2017 German authorities are investigating a share purchase by Deutsche Boerse’s chief executive shortly before the company announced its plans to merge with the London Stock Exchange. The German exchange announced on Wednesday evening that the public prosecutor’s office of Frankfurt was investigating the share purchase by Carsten Kengeter, made on 14 December 2015. Shares in [...]
Severe delays on Victoria line due to a person ill on a train February 2, 2017 There are severe delays on the Victoria line this morning after a person was taken ill on a train earlier. https://twitter.com/victorialine/status/827077112704167936 Plans for a strike beginning on Sunday evening are currently still in place, despite talks held earlier this week aimed at putting a stop to further industrial action. Transport for London warned commuters today [...]
Deutsche Bank more than €1bn in the red for 2016 – but it’s better than last year February 2, 2017 Deutsche Bank has racked up losses of more than €1bn after a difficult 2016, but still improved significantly on the year before. The figures The struggling German banking giant reported a net loss of €1.4bn (£1.2bn) for 2016, although that is a €5.4bn improvement on 2015's €6.8bn loss. The bank also recorded net losses of €1.9bn in its fourth quarter, again [...]
American Airlines has opened its first office in Cuba despite Trump uncertainty February 2, 2017 American Airlines has formally opened its first office in Havana, Cuba, despite uncertainty on US President Donald Trump's approach towards the country. It comes two months after the airline's first scheduled commercial flight from the US to Havana in over 50 years. The airline said the flight and the new office underlined the company's commitment to [...]