Icap charity day: Here are some pictures of celebrities on the phone December 7, 2016 The, er, goodwill was clearly flowing during Icap's annual charity trading day, in which celebs descended on the company en masse to raise cash for two HIV charities. Bigwigs including newsreader Jon Snow, Prince Harry and even X Factor's Honey G were on hand to raise money for charities Sentebale, the charity which runs camps for [...]
Camden Town Brewery, one of London’s leading craft beer brands, is launching in NYC December 7, 2016 Calling all British craft beer fiends: Camden Town Brewery will launch its flagship Hells lager in New York City this month. The craft beer brewer was acquired by global industry leader AB InBev for £85m about a year ago and has received significant investment from the brand's high end division, enabling it to launch into new markets and build a new, purpose-built [...]
UK GDP growth stayed steady at 0.4 per cent while fall in migration would harm economy, says Niesr December 7, 2016 Migration controls could leave the UK economy up to 1.19 per cent poorer by the end of this Parliament, says an influential think tank, as it estimates that growth in the last three months was unchanged at 0.4 per cent. The growth rate of UK gross domestic product (GDP) for the three months ending in [...]
David Davis says it is “inconcievable” that MPs won’t get a vote on the final Brexit deal December 7, 2016 Brexit secretary David Davis has said MPs will get a vote on the final terms of a new relationship with the European Union. Speaking in the House of Commons today, Davis made clear the government's support for "the spirit" of a Labour motion demanding it publishes a plan for its talks with the EU, "with [...]
The UK City watchdog’s so good at fintech it’s going to teach Hong Kong December 7, 2016 The UK's forward thinking City regulator is exporting its fintech expertise, partnering with authorities in Hong Kong to foster innovation in finance. The Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) to share its knowledge and promote innovation between the two countries. It's the latest example of the UK collaborating with other [...]
Amazon-mageddon: Prices set to rise online due to lack of warehouse space December 7, 2016 Rock-bottom prices for online products may end if the UK doesn't build a shedload more warehouses. The rapid expansion of online retailers is expected to lead to a shortage of warehouse space, which would push up rents, and ultimately the price of goods. Read more: MPs pay surprise visit to Sports Direct's Shirebrook warehouse It is [...]
Ongoing delays on Circle Line due to staff absences December 7, 2016 There are delays on the Circle Line this afternoon. Transport for London said the disruption was a result of a "temporary absence of train operators". https://twitter.com/circleline/status/806525562638503936 Severe delays on the Piccadilly Line are still ongoing, with a large portion of its fleet of trains out for repairs. https://twitter.com/piccadillyline/status/806434485332049921 Disruption on the line is [...]
Italian senate signs off on 2017 budget, clearing the way for PM Renzi to resign December 7, 2016 Italian Prime Minister Matteo Renzi will hand in his resignation today at 6pm London time, it has been reported, after the country's parliament approved Italy's 2017 budget. Renzi was earlier in the week asked to stay on until after the budget was passed by Italy's president Sergio Mattarella. The 41-year-old Italian premier promised to quit [...]
Ikea’s global profit is up 20 per cent for 2016 with growth in China December 7, 2016 Swedish furniture retailer Ikea Group reported global profit rose 20 per cent following its fifth year of sales growth in the UK last month and rapid growth in China. The figures Total sales for the financial year reached €34.2bn (£29.1bn), up 7.1 per cent from last year, and sales grew in 27 out of 28 markets. China was one of [...]
Theresa May’s Brexit plan must include Single Market objectives, say Labour December 7, 2016 Labour is laying out the characteristics of a Brexit plan in the House of Commons, calling on the government to reveal its hopes for Single Market status. MPs are debating a motion in parliament today calling on the government to reveal its plans for negotiations with the EU, and the government has lent its support [...]