Luxury car wars: Audi’s £19bn plan to beat BMW December 27, 2014 Audi has unveiled a five-year plan to steal BMW's crown as the world's biggest luxury car maker. In a statement, the company said it will spend €24bn (£19bn) – €2bn more than originally planned – over the next five years. The German company, which is owned by Volkswagen, said €16.8bn – 70 per cent – [...]
Finsbury Park becomes one of London’s largest transport hubs as engineering works at King’s Cross continue to overrun December 27, 2014 Avoid Finsbury Park #railway & #underground it's crazy here, stuck in a corridor over 1hr, disorganised chaos #London pic.twitter.com/wLyL1qnSnv — Jim Ewing (@jimewing) December 27, 2014 Finsbury Park station was shut by Network Rail due to "dangerous overcrowding" this afternoon as London was hit by a second day of rail chaos as engineering works around [...]
Yippee-ki-yay: Russian government spends £1.6bn bailing out Bruce Willis’ favourite bank December 27, 2014 The Russian government says it will spend $2.5bn (£1.6bn) bailing out one of its largest lenders, five times what it originally expected to spend, after the plummeting rouble caused its foreign-denominated debts to shoot up. The bank said on Friday it is planning to inject $2bn in direct aid into Trust Bank, with another $550m [...]
City Link workers demand urgent talks as 1,000 more jobs could be at risk December 27, 2014 Workers at City Link, the parcel delivery company which collapsed into administration on Christmas Eve, have demanded talks with administrators, as it emerged 1,000 more jobs than originally thought may be at risk. The BBC reported that leaders at the Rail, Maritime and Transport (RMT) union has written an open letter to business minister Vince [...]
The nine best business books to buy for your new Kindle Paperwhite, Kindle Fire, Kobo or Nook December 27, 2014 Have you been given a e-book for Christmas? Maybe a Kindle Paperwhite, Kobo or Nook? If you're really lucky, you may have even got a Kindle Fire. Are you looking to catch up on some reading during your days off? Planning on developing a new business in the new year? If you replied yes to [...]
UK named world’s fifth biggest economy thanks to sex and drugs boost December 27, 2014 The UK has overtaken France as the world’s fifth biggest economy – and we have drugs and prostitution to thank for it. The Centre for Economic and Business Research (Cebr) has put together its league table for 2014, and has placed the UK narrowly above France in its rankings, with an economy worth $2.828 trillion [...]
Boxing day sales: Stats, facts and pictures as queues form overnight for bargain bonanza December 26, 2014 High streets in the UK have been overflowing as boxing day sales lured shoppers out of the house with some of the biggest discounts in years. Queues even formed overnight outside department stores in Oxford Street and Westfield shopping mall in Stratford with bargain-hunters looking to nab the best deals ahead of the crowds. Pictures [...]
City Link slips into administration threatening 2,727 jobs at Christmas December 26, 2014 Parcel delivery company City Link has gone into administration, putting 2,727 jobs at risk. Administrators Ernst & Young, called in by the Coventry-based company on Christmas Eve, said “substantial redundancies” would be made in the coming days. City Link’s owner, private equity firm Better Capital, had marked the company for sale after incurring “substantial losses” [...]
Cheers: FTSE closes after festive rally to end 0.18 per cent higher December 24, 2014 The FTSE 100 ended the festive period comfortably above 6,600 today, at 6,609.93, 0.18 per cent up on last night's close. It's a decent (nearly) end to the year for the FTSE, which has gained more than 400 points in recent days as markets rallied in time for the festive period. The Santa rally started [...]