Housebuilders remain optimistic about business growth over the next five years January 29, 2018 British housebuilders are setting ambitious growth plans as they remain optimistic about the future, despite uncertainty caused by Brexit. Confidence in the industry’s future remained relatively steady, dropping slightly to 6.9 from 7.2, with 10 representing the highest level of expectation, according to an annual report from Lloyds Bank. Despite grappling with a skills shortage [...]
Consumer confidence proves resilient to spending pressures, according to Deloitte Consumer Tracker January 29, 2018 Consumers are showing resilience in the face of spending pressures, according to the latest consumer confidence tracker out today from Deloitte. UK consumer confidence remained flat in the fourth quarter of 2017 compared to the same period the year before, marking the first time that confidence has not fallen in the final quarter of the [...]
Ranked: The British cities most and least at risk of job losses due to automation and globalisation | City A.M. January 29, 2018 Over 900,000 London jobs will be put at risk due to the potential impact of automation and globalisation, but the capital is well-placed to draw in the new jobs technology will bring, according to a new Centre for Cities report. The think tank has London among the 10 cities least at risk of job losses [...]
Aircraft deliveries fly to new record high in 2017 bringing in £29bn for UK industry January 29, 2018 The global aerospace industry soared to a bumper 2017 after a fresh record was set for aircraft deliveries, bringing a £29bn boost to the UK. A new annual record was set last year, after 1,498 aircraft deliveries were recorded, according to figures out today from aerospace trade body ADS Group. Deliveries for 2017 were worth [...]
Softbank plots digital payments raid with plans for Paypal rival January 28, 2018 Japanese technology giant Softbank is planning to create a global digital payments system that could rival giants such as PayPal, according to reports. The tech firm will lead a consortium back by some of the world’s biggest banks, City sources told the Sunday Times. Entering the global finance industry is seen as a key strategic [...]
BHS creditors set for £36m payout against £1bn of debts January 28, 2018 BHS’ unsecured creditors are set for a £36m interim payout against debts over £1bn, according to reports. FRP Advisory, the liquidator of the former high street stalwart, disclosed a 3.62p dividend in a document sent to creditors last week. BHS collapsed into administration in April 2016, with as many as 11,000 people losing their jobs. [...]
Chelsea 3, Newcastle United 0: Michy Batshuayi scores twice but Antonio Conte admits striker could leave this week January 28, 2018 Chelsea 3, Newcastle United 0 Chelsea manager Antonio Conte admits Michy Batshuayi could leave the club on loan this week despite his two goals sinking Newcastle and sending the Blues into the fifth round of the FA Cup. Batshuayi struck twice in the latter stages of the first half to put the hosts firmly in [...]
Facebook, Apple, Alphabet, earnings preview: The “big tech” backlash has yet to reach Wall Street January 28, 2018 A flurry of earnings from the world’s biggest tech companies are this week expected to show consumer and investor appetite has not yet been dampened by a growing backlash. Apple, Facebook, Google parent Alphabet, Amazon and Microsoft are worth almost three trillion dollars between them and make up half of the top 10 most highly [...]
Labour leader Jeremy Corbyn wants powers to take over empty luxury properties to solve the housing crisis January 28, 2018 Jeremy Corbyn wants to reclaim luxury property that is left “deliberately” empty to help solve the nation’s housing crisis. “We would give local authorities the power to take over deliberately left vacant properties,” the Labour leader said, speaking on the BBC’s Andrew Marr show on Sunday morning. Read more: Editor’s Notes: May can benefit from [...]
AstraZeneca full-year results: Investors eye a turnaround following progress on new drugs January 28, 2018 One of the world’s top pharmaceuticals companies will report its results this week following a spate of recent drug approvals. Over the past month, AstraZeneca has received approval for its drug Lynparza in Japan for the treatment of ovarian cancer and in the US to treat breast cancer. It also got the green light from [...]