The misguided sugar tax is an ineffectual way to price the externalities of obesity April 11, 2018 One of George Osborne’s last acts as chancellor in 2016 was to announce the so-called sugar tax. This came into force last week, in line with the original timetable. Drinks manufacturers are taxed according to the volume of sugar-sweetened beverages they produce or import. The tax increases with the sugar content. The aim is to [...]
Manchester City 1, Liverpool 2: Reds see off City comeback to reach Champions League semi-finals for first time in 10 years April 11, 2018 Manchester City 1, Liverpool 2 (Liverpool win 5-1 on aggregate) Liverpool manager Jurgen Klopp saluted his team’s less celebrated fighting qualities after they scuppered a Manchester City comeback to reach their first Champions League semi-final for a decade. City shook the visitors with a goal after 117 seconds from Gabriel Jesus and believed they had [...]
Double t-rouble: Russian currency hammered as markets reel from souring relations with West over Skripal poisoning and Syria chemical attack April 11, 2018 The Russian rouble took another dive yesterday to hit its lowest point in over a year after a fresh round of US sanctions on individuals close to Russian President Vladimir Putin rattled markets. The rouble fell nearly four per cent against the US dollar, with one dollar buying 63.9 roubles at its peak, following on [...]
London City Airport chief Robert Sinclair “increasingly confident” Brexit deal will be done April 10, 2018 London City Airport chief executive Robert Sinclair is “increasingly confident” a deal with the EU will be done by 2019, as the airport launched a joint campaign with the Department for International Trade (DIT) to encourage British businesses to sell overseas. Sinclair told City A.M. that while his predecessor, Declan Collier, was “right to raise [...]
EU’s statistics office prepares for post-Brexit world with new measures without UK April 10, 2018 The European Commission’s statistics office, Eurostat, today announced it will create new figures for its most important data excluding the UK ahead of Brexit. With less than a year to go until the UK leaves the EU, Eurostat said it will publish numbers for the EU28 without the UK for indicators like GDP, unemployment, and [...]
Trevor Steven: Record-breaking Cristiano Ronaldo has made resurgent Real Madrid the team to avoid in the Champions League April 10, 2018 Easy draws don’t exist at this stage of the Champions League but if there is one team that the other semi-finalists won’t want to be paired with on Friday then it is Real Madrid. The holders have shown again this season that you cannot underestimate the value of a battle-hardened group of players who have [...]
Bentley workers gearing up for strike over pension scheme plans April 10, 2018 Employees at luxury carmaker Bentley have voted for strike action in a row over plans to close its defined benefit pension scheme. Union Unite announced that 98 per cent of its members had backed industrial action in the consultative ballot on a 92 per cent turn out. The union will now organise a further ballot [...]
Provident Financial share price falls after completing a £331m rights issue April 10, 2018 Doorstep lender Provident Financial has completed a £331m cash call from investors, it announced this morning. A deadline for rights issue acceptances passed yesterday at 11am with 96.3 per cent of shareholders backing the capital raise. The success of the rights issue will come as little surprise to many traders as almost three-quarters (73.4 per [...]
New cyber centre to be developed in London’s Olympic Park April 10, 2018 A new cyber centre which is set to be developed in London’s Queen Elizabeth Olympic Park will boost the east London digital cluster and drive the development of cutting edge technology in the capital, the government has said today. The £13.5m London Cyber Innovation Centre will offer a tailored programme of support to up to [...]
Amid world house price slump, Berlin tops global city growth ahead of London, Hong Kong and New York April 10, 2018 London is not alone in its recent housing price slump – according to new research, the phenomenon is global. The analysis, published today by property consulting group Knight Frank, shows that average global property prices increased by 4.5 per cent in 2017, down from seven per cent the year before. There is one city that [...]