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 [...]
Analysts react to Unilever’s drop in revenues January 26, 2017 Unilever's shares are set for their worst day of trading in the last five years, having fallen four per cent this morning. Investors are reacting to the food manufacturing giant's fourth-quarter and final year results, which missed expectations. Revenue fell one per cent for 2016, and Unilever also warned that it would be facing "tough market conditions" [...]
Shares in Diageo are up as the global drinks maker beats forecasts January 26, 2017 Diageo, the maker of Smirnoff, Guinness and Johnnie Walker, beat expectations for the six months ended 31 December after years of stagnant growth. The figures The drinks giant said reported net sales were up 14.5 per cent at £6.4bn, while operating profit rose 28 per cent at £2.1bn, reflecting organic growth and favourable exchange rates. Diageo experienced organic growth across all [...]
Major rebuilding works are going on at London Waterloo station this August as passengers are told to stay away January 26, 2017 Not the best day to have this news announced what with the Tube strike causing trouble on the Central and Waterloo & City Lines… But Network Rail and South West Trains have announced details on major upgrades going on at London Waterloo this August – and thousands of passengers will want to avoid it. From [...]
Shares in the publisher of the Daily Mail have dived – here’s why January 26, 2017 Growth at the owner of the Daily Mail newspaper ground to a halt in the first quarter, sending shares diving seven per cent. The figures Daily Mail and General Trust (DMGT) revenue grew just one per cent in its b2b business and shrank one per cent on an underlying basis on the dmg media side, which [...]
Whitbread’s restaurant sales disappoint investors January 26, 2017 Hotel and coffee shop owner Whitbread – known for its Costa Coffee and Premier Inn brands – has posted some strong sales growth this morning, but its restaurant business has disappointed the market. Whitbread's share price was down four per cent at time of writing. The figures Over the 13 weeks to 1 December, Whitbread's like-for-like [...]
Royal Bank of Scotland has set aside another £3.1bn for US settlements January 26, 2017 Royal Bank of Scotland today confirmed that it has set aside a further £3.1bn to pay fines relating to the issuing and underwriting of US residential mortgage-backed securities (RMBS). However, shares in the group were up almost two per cent in early trading. The bank said this takes the total sum it has provided for [...]