“Considerable” Brexit costs will prevent Italeave, Departugal or Czechout says top Eurozone official January 16, 2017 One of the Eurozone's top officials has branded claims that other European countries will follow suit after Brexit as "fantasy". President-elect Donald Trump has predicted fresh departures from the EU, arguing that member-states will be keen to pursue their own identities. However, European economic affairs commissioner Pierre Moscovici has told reporters that the "considerable" cost of Brexit [...]
Brexit vote boosts Hugo Boss January 16, 2017 Hugo Boss has staged a partial recovery thanks to a sales boost in Britain and China. The German fashion house said its operating profit for 2016 will fall less than expected due to a 20 per cent increase in like-for-like sales in China in the fourth quarter, and a two per cent increase in Europe, which was [...]
Severe delays on Piccadilly Line “to prevent overcrowding” due to Victoria line issues January 16, 2017 There are severe delays on the Piccadilly line as Transport for London tries to prevent overcrowding at stations that overlap with the Victoria line. https://twitter.com/piccadillyline/status/820959080261058561 The Victoria line is experiencing serious disruption today due to an earlier signal failure at Euston station – emergency engineering works are taking place. Service between Highbury & Islington and Victoria [...]
The Ministry of Defence announced a £269m deal for a new surveillance system that will sustain 200 jobs January 16, 2017 The Ministry of Defence (MoD) has agreed on a deal worth £269m with Lockheed Martin for a new Crowsnest surveillance system, sustaining 200 skilled UK jobs. At the Portsmouth Naval Base today, the deal with the defence company was announced to create systems that will protect the new Queen Elizabeth Class aircraft carriers, which are currently under construction. The [...]
OPEC: 50% Compliance To Output Deal Is ‘Enough’ January 16, 2017 Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signalled that it had cut more than pledged, the cartel itself does not see more than 80 percent compliance, and thinks it would be “acceptable” even if it were to deliver just 50 percent of promised cuts. On the basis of [...]
London Stock Exchange hits back at claims City will lose out to Frankfurt after merger January 16, 2017 The London Stock Exchange Group has today hit back at the suggestion its merger with Deutsche Boerse will lead to Frankfurt snatching a large amount of business from the City. Research commissioned by the German exchange claimed the deal, which is currently being probed by the European Commission, would enable Deutsche Boerse to move billions [...]
Insurance sector slapped with a 70 per cent top-up levy from regulators January 16, 2017 UK regulators have hiked levies on the insurers and pension firms despite plans to reduce total levies on the Britain's financial sector next year. The Financial Services Compensation Scheme (FSCS), a statutory initiative to compensate customers of financial services that are unable to pay claims against them, announced its overall budget for 2017/18. The overall industry levy will fall [...]
Theresa May gives cautious welcome to Trump’s trade promise January 16, 2017 Prime Minister Theresa May has welcomed the "energy and enthusiasm" of President-elect Donald Trump's comments on a US-UK trade deal, but maintained the UK will stick to its obligations as an EU member. Trump has said that he hopes to rapidly seal a new trading relationship with the UK, with May expected to visit Washington in [...]
2016 was the year the disillusioned screamed ‘enough’; 2017 must be the year of values-based leadership January 16, 2017 This year, the World Economic Forum (WEF) at Davos has developed its programme of events around the themes of responsive and responsible leadership. It could not come at a more critical time for the world’s elite. 2016 saw huge upheaval around the world and the beginnings of a complete restructuring of the world order. Some [...]
Union reps and Tube bosses get talks underway to try and stop a repeat of last week’s Tube strike chaos January 16, 2017 Commuters, keep your fingers crossed for talks today aimed at avoiding the Tube chaos of last week, when a 24-hour walkout shut down numerous Zone 1 stations. The talks, at conciliation service Acas, are taking place to try and hash out a resolution to the dispute over staffing levels at stations. Officials from the Rail, [...]