Shoppers flocked to St Pancras for luxury goods from John Lewis and Fortnum & Mason over Christmas January 30, 2017 St Pancras International scored an uplift in sales over the festive season, as shoppers flocked to the train station to stock up on Christmas gifts. Over the ten weeks from 29 October to 31 December, St Pancras scored a 6.2 per cent sales growth year-on-year. This compared to a growth of 1.7 per cent across [...]
Higher Germany inflation raises pressure on ECB to tighten monetary policy January 30, 2017 Inflation in Germany rose to just short of the target set by the European Central Bank on price stability, raising pressure further on a historically loose monetary policy stance. Headline inflation rose to 1.9 per cent year-on-year in January, up from 1.7 per cent the month before, according to the German statistics office. Most of [...]
Fund management firm opens Dublin office to combat Brexit uncertainty January 30, 2017 A Luxembourg-headquartered fund management company today announced plans for a Dublin office, in a move prompted by the UK’s Brexit vote. FundRock, which has 70 staff in Luxembourg, is also due to move into the UK with the acquisition of Fund Partners, subject to regulatory approval. It is understood that Ireland was chosen as a [...]
Injuries revealed: The Premier League’s worst hit teams of the 2016/17 season January 30, 2017 As the business end of the football season approaches, it's far from unusual for managers and fans to crack open excuses to explain performances that don't make the grade. And one of the more common explanations noted by managers through gritted teeth in their post-match interviews is that their team is has been blighted by a raft of injuries. [...]
New ruler: Paperchase takes on former Pets at Home boss who led stock market float January 30, 2017 Stationery and greetings card retailer Paperchase has named a former Pets at Home chief executive as its chairman. Nick Wood was Pets at Home boss between 2012 and 2016, and led the company to a 2014 flotation. Read more: UK retailers slash 84,000 jobs amid storm of rising costs and price wars Paperchase itself has [...]
Goldman Sachs, JP Morgan and Morgan Stanley bosses rally behind staff after Trump travel ban January 30, 2017 The bosses of three US banking giants have moved to reassure staff after President Donald Trump introduced a travel ban over seven majority Muslim countries. In a voicemail sent to staff yesterday evening, Goldman Sachs chief executive Lloyd Blankfein hit back at the policy, saying: "This is not a policy we support, and I would note that it has [...]
An appeal against the third runway at Heathrow Airport has been delayed January 30, 2017 An appeal seeking a judicial review on the third runway at Heathrow Airport has been delayed by the High Court. The High Court put off the legal challenge by a coalition of local councils and Greenpeace UK (plus one Hillingdon resident, saying it cannot be heard until after a National Policy Statement (NPS) on aviation has [...]
TSSA won’t be joining the RMT union in Tube strikes next week January 30, 2017 The Transport Salaried Staffs' Association (TSSA) has announced that it will not join in with planned Tube strikes next week. The RMT union announced last week that London Underground workers will stage walkouts on the 5 and 7 February, as part of a row over jobs and ticket office closures. The RMT has instructed all London [...]
Purplebricks share price climbs after 11 per cent tumble last week January 30, 2017 Purplebricks' share price has climbed over five per cent this morning after a tweet sent it tumbling last week. Last Thursday, the online estate agent's share price jumped 11.5 per cent when the company sent a tweet boasting about its "record-breaking" valuations and instructions in January. January has been a record-breaking month for valuations & instructions, [...]
The US embassy in London appears to be contradicting Boris Johnson on Donald Trump’s travel ban January 30, 2017 The US embassy in London appeared to directly contradict a statement by the foreign secretary this morning, by issuing a notice people who have dual nationalities with countries on Donald Trump's banned travel list not to apply for a US visa. In a statement posted on the embassy's website this morning, it advised: "If you are [...]