Boris Johnson: The UK is not a nation hauling up the drawbridge December 2, 2016 Boris Johnson has signalled the government's intention to ensure Britain remains a powerful force in global politics after Brexit, saying the UK is "not a nation hauling up the drawbridge". In one of his most forward-looking speeches since the Brexit vote, Johnson said Brexit "emphatically does not mean that Britain turns in on itself". "There [...]
Tube delays: What exactly is going on with the Piccadilly Line? December 2, 2016 Commuters using the Piccadilly Line are still experiencing severe delays – and they're set to continue for the foreseeable future. https://twitter.com/piccadillyline/status/804592078017675264 The disruption on the line started a week ago, with Transport for London blaming a shortage of trains. TfL later revealed that the train shortage was caused by the fact that around half the [...]
Berkeley Group’s shares leap after announcing in-line performance and solid cash foundations December 2, 2016 Shares in property firm Berkeley Group jumped over four per cent in trading this morning after revealing an "outstanding" balance sheet. The figures Half year revenue to the end of October leapt from £1.1bn to £1.4bn, with gross profit jumping from £391m to £504m. Profit before tax was £393m, up from £293m last year. The coffers at [...]
Newspaper group chairman to leave, with former News International executive taking up interim role December 2, 2016 The chairman of newspaper publisher Johnston Press is stepping down due to an “acute illness in his family”. Ian Russell will depart the company, which owns more than 200 local newspapers and the i, from 31 December. Read more: Johnston Press confirms late-stage discussions to sell East Anglia papers The company has begun searching for [...]
Train fare rises 2017: Here’s how much train ticket prices are going up next year December 2, 2016 Brace yourselves commuters, for train fares are set to go up next year, rail industry leaders have confirmed. On average, train fares will increase by 2.3 per cent (and that covers all national rail fares from 2 January 2017). Firms can increase regulated fares – including season tickets – each year by no more than [...]
Trump warns of heavy tax “consequences” for US firms that head elsewhere December 2, 2016 He'd only just reneged on his pledge to pursue charges against Hillary Clinton over her email saga, but the President-elect isn't softening his stance elsewhere. Donald Trump has warned companies of "consequences" should they look to leave the US, which doesn't sound ominous at all. Speaking in Indiana to take credit for saving 1,000 jobs [...]
Southern rail commuters offered a Christmas windfall December 2, 2016 Over 84,000 Southern rail commuters will be offered a Christmas windfall following months of disruption. Southern's parent company, Govia Thameslink Railway, and the government are attempted to appease long-suffering passengers on the beleaguered line. Read more: Govia launches legal action against Aslef union to stop industrial action Season ticket holders on Southern will be able [...]
Editor’s notes: The uncertain art of measuring the UK’s economic uncertainty December 2, 2016 You may not have seen it on the News at Ten but Bank of England Monetary Policy Committee member Kristin Forbes delivered a fascinating speech last week on the nature of economic uncertainty and how best it can be measured. As Donald Trump said when he delivered his victory speech, “it’s a complicated business, folks”. [...]
Network Rail rakes in £1.4m from Victoria Station toilet as Southern strikes roll on December 2, 2016 The delays and disputes are bad enough. Now, City A.M. has found out that Network Rail is making 67 per cent more on its toilet in Victoria due to the Southern strikes. Network Rail owns the loos in Victoria station, which hosts the Southern train service. This year, Network Rail’s takings at the toilet have [...]
How to prepare your portfolio for inflation December 2, 2016 | City Talk Concerns about inflation were already on the rise. Donald Trump’s victory in the US election has further stoked expectations that price pressure, absent in most Western economies since the financial crisis, may make a return in 2017 and beyond. The basics Inflation is a measure of how fast the prices of goods and services are [...]