London Waterloo delays: Train service disruption due to line side fire continues for second day running December 12, 2017 Severe delays caused by a line side fire at London Waterloo yesterday will continue today, National Rail has confirmed. The blaze caused significant train stock displacement across the whole South Western Railway network, meaning this morning’s train services may be cancelled, delayed, revised or have fewer carriages than normal. Disruption is expected until 7pm. What [...]
Which bank has the best current account? FCA to force banks to publish data on current account services December 12, 2017 High street banks will be forced to publish more information on their current account services to help customers to compare providers more easily under new rules outlined by the Financial Conduct Authority (FCA). The new rules will force all providers of personal or business current accounts to publish standardised data on their products. From August [...]
Brexit secretary David Davis calls European Parliament Guy Verhofstadt “friend” as he smooths ruffled EU feathers after Irish border misspeak December 12, 2017 Upate: David Davis has taken to Twitter to stress the importance of last week’s joint agreement on Brexit, saying he will work with his EU counterparts to “get it converted into legal text as soon as possible”. The Brexit secretary – who rarely uses the social media platform – was speaking after it had become [...]
Bitcoin demand is not causing a “mass exodus” from gold, Goldman Sachs says December 12, 2017 Bitcoin’s meteoric rise this year has not stifled demand for gold, Goldman Sachs has argued. Commodities investors have feared bitcoin’s rocketing value would take the shine off gold, but Goldman said investors in gold and bitcoin had key differences. For one, gold investors who use exchange-traded funds (ETFs), futures or commodities indices are automatically covered [...]
UK house prices: Property price growth has fallen for the third month in a row December 12, 2017 House price growth in the UK dropped again in October, according to official figures, the third month in the row it has fallen. Property prices rose 4.5 per cent in the year to October, down from 4.8 per cent in September and 5.1 per cent in August. On a monthly basis, prices fell 0.5 per [...]
Bitcoin price (BTC) rocketing is spurring people to mortgage their home to buy cryptocurrency December 12, 2017 And the bitcoin craze continues… So eager are people to get in on the latest trend they are taking out mortgages on their homes to buy up the rocketing cryptocurrency, according to one US regulator. Read more: Bitcoin is in serious danger of becoming very boring People are borrowing cash against their home for bitcoin, [...]
UK inflation hits 3.1 per cent December 12, 2017 Inflation hit 3.1 per cent in November, meaning Bank of England (BoE) governor Mark Carney must write to the Treasury with an explanation for the rise. November’s consumer price index (CPI) reading was expected to remain unchanged at three per cent for the third month in a row. CPI has been above the Bank of [...]
Brent crude oil prices climb past $65 a barrel on Forties pipeline shutdown December 12, 2017 Brent crude oil prices shot up more than one per cent today to break $65 a barrel and reach their highest level since mid-2015 after the major Forties pipeline in the North Sea was shut down for repairs yesterday. Ineos, which recently became the owner of the pipeline, said a shutdown was the safest way [...]
Unibail-Rodamco to buy Westfield in $24.7bn shopping centre mega-merger | City A.M. December 12, 2017 Shopping centre giant Westfield is to be sold to a European rival, just days after two other major industry players struck a takeover deal. Unibail-Rodamco, a French property investor which owns Paris’s iconic underground shopping mall Carrousel du Louvre, has entered into an agreement to buy Westfield for $24.7bn (£18.5bn). It comes after Hammerson offered [...]
Tube delays: Disruption on several Underground lines across London – Central, Circle, District and Metropolitan lines December 12, 2017 There are delays on four Tube lines this morning, with commuters facing disruption on the Central, Circle, District, Piccadilly and Metropolitan lines. Central line services between Leytonstone and Epping/Hainault are running with delays due to an earlier faulty train at St Paul’s. https://twitter.com/centralline/status/940478213876273154 On the Piccadilly line, there are delays on eastbound services between Acton [...]