IG Group sees the positive in French watchdog push back, shortly after UK clamps down on spreadbetting market January 9, 2017 IG Group today offered its support to the French watchdog's latest efforts to clampdown on the spreadbetting market. In a statement, the spreadbetting firm said the latest raft of rules from Autorite des Marches Financiers (AMF) "will provide substantial protection for consumers and greatly improve standards in the sector". AMF recently confirmed new restrictions on electronic marketing of contract [...]
AB InBev and Keurig are teaming up to build an in-home alcoholic drink maker January 9, 2017 Countertop coffee pod machines like the George Clooney-backed Nespresso have grown in popularity over recent years, changing the way people can get their caffeine fix. Now, coffee maker Keurig Green Mountain and brewer Anheuser-Busch InBev (AB InBev) are teaming up to create an in-home alcohol drink system in the same vein. The two announced this week they would enter a joint venture to focus [...]
Eurozone youth unemployment rises sharply despite wider EU falls January 9, 2017 Unemployment in the European Union fell to its lowest point since February 2009 but youth unemployment rose sharply, adding further weight to concerns about the uneven nature of Europe's recovery. The unemployment rate in the EU fell to 8.3 per cent in November, down 0.1 percentage points from the month before, according to the European [...]
MoD strikes £271m Wildcat helicopter deal saving “hundreds of jobs” January 9, 2017 The Ministry of Defence (MoD) has announced a £271m deal with Leonardo Helicopters to safeguard around five hundred jobs, the majority of which will be in Yeovil. The five-year deal will deliver a range of support and training services for the UK's fleet of 62 AW159 Wildcat helicopters, used by the Royal Navy and Army Air Corps. [...]
In pictures: Four crazy luxurious superyachts at the London Boat Show – and their price tags January 9, 2017 Forget Davos – if you want to be in the company of some real billionaires, just head to Excel this week, where the annual London Boat Show has kicked off. This year's show features some of the most luxurious vessels ever to sail the high seas – with interiors that would look more at home [...]
London City Airport announces record 4.5m passengers for 2016 January 9, 2017 London City Airport is flying after a record 2016. The Royal Docks-based airport announced five per cent year-on-year growth, recording 4,526,059 passengers for the year. That's the most in its 30-year history, and it said this was driven by expanding routes and investment in facilities. Read more: Delays and cancellations at London City Airport this [...]
Voyageurs du Monde eyes English-speaking market with 60 per cent stake in UK travel company Original Travel January 9, 2017 One of France's largest travel firms, Voyageurs du Monde, has said it will acquire 60 per cent of UK-based luxury tour operator Original Travel in an effort to further expand into English-speaking markets. The Euronext Paris-listed company has a 40 per cent share of the French market, but it's now eyeing up expansion in the UK, US, Canada, Singapore, [...]
VW owners are taking their emissions scandal claims to the High Court January 9, 2017 A law firm has applied for a group litigation order against Volkswagen on behalf of thousands of owners of cars manufactured by the company. Harcus Sinclair said it was planning to bring claims in the High Court on behalf of owners of VW, Seat, Audi and Skoda vehicles. While the company has been hit with [...]
Ireland hard border with UK could be inevitable after “pig in a poke” Brexit says top Irish diplomat January 9, 2017 A hard border between Ireland and Northern Ireland could be inevitable if the UK leaves the EU’s Single Market, according to an influential Irish diplomat – while saying Leave voters in the EU referendum were “sold a pig in a poke”. Speaking in an interview with the Irish Independent newspaper, Phil Hogan, the EU commissioner [...]
Aldi bags record Christmas sales after a year of store openings January 9, 2017 Aldi boosted its Christmas sales in 2016 after a bumper year of store openings. The discount supermarket opened seventy new stores throughout the year, leading it to 15 per cent year-on-year sales growth in December – its highest growth since landing in the UK in 1990. Aldi did not disclose its like-for-like sales growth for the [...]