Just Eat share price inches up as competition watchdog clears takeover of Hungryhouse November 16, 2017 Just Eat’s takeover of Hungryhouse has been officially cleared to go ahead by the competition regulator. The Competition and Markets Authority (CMA) said today that a group of independent panel members found that the merger does not raise competition concerns. In the CMA’s provisional findings, published last month, it stated that Hungryhouse presently provides limited [...]
Royal Mail share price rises after getting a £106m profit boost from the taxman from decision to close its pension scheme November 16, 2017 Royal Mail profits today received a £106m boost from the taxman as a result of the postal giant’s controversial decision to close its mammoth pension scheme. Revenue for the first half of the year rose two per cent, with profit after tax almost doubling to £168m. Chief executive Moya Greene said the results capped “a [...]
Labour: Use Budget to spend, not save Hammond and May’s jobs November 15, 2017 Shadow chancellor John McDonnell is calling on Philip Hammond to go on a government spending spree after “seven years of Tory economic mismanagement”. Jeremy Corbyn’s left hand man will today sett out Labour’s five demands for next week’s Budget saying it must not be “desperately designed to save the jobs of a weak Prime Minister [...]
Goldman banker: UK will be like “Cuba without the sunshine” under Labour’s Jeremy Corbyn November 15, 2017 A Goldman Sachs banker has said the UK would be like “Cuba without the sunshine” if Jeremy Corbyn becomes Prime Minister. Speaking at a private equity conference in Amsterdam, investment banker Bobby Vedral said that Theresa May’s government was so chaotic it could collapse, leading to a Corbyn-led administration. Read more: Sadiq Khan and Jeremy [...]
Credit rating giant S&P says UK banks are now better placed to deal with Brexit November 15, 2017 The outlook for British banks has brightened according to a leading credit rating agency, with lenders now in a better position to cope with the run-up to Brexit. Standard and Poor’s said last night it has revised the negative outlook on several large UK banks “mostly to stable, and in some specific cases to positive,” [...]
British firms fear rise in protectionism November 15, 2017 British companies are at risk from protectionist measures once the UK leaves the EU, according to a study published today. The UK is the eighth biggest victim of protectionist trading measures, research by law firm Gowling WLG shows. Some 85 per cent of director-level workers surveyed by the law firm believe some countries are increasing [...]
London protest disruption: A student march is causing disruption in central London November 15, 2017 A student protest march is causing disruption in the centre of London today. The marchers are calling on the government to scrap tuition fees and make education free. The march is making its way to Parliament Square, via Montague Place, Russell Square, Southampton Row, High Holborn, Shaftesbury Avenue, Great Windmill Street, Haymarket, Pall Mall, Cockspur [...]
Holiday Homes: Ardent skiiers can snap up a bargain at Fiederbrunn, the low risk investment at high altitude November 15, 2017 Bricks and mortar, despite the current dip in the market, still appear to be one of the safest investment choices out there. You just have to find out where to actually invest without having to dig too deep into your pockets to do it. Savvy buyers want to get a decent return, so they look [...]
The craft beer revolution has led many microbrewers to set up shop on regeneration sites – and developers are loving it November 15, 2017 There was a time in the recent past when the arrival of a farmers market signalled that your up-and-coming corner of London had practically up and went. Where once, organic cheese and sourdough were the harbingers of hipsterdom, now, it’s morel likely to be a microbrewery. Hop Stuff, founded by former City banker James Yeomans, [...]
Opinion: If the Mayor of London wants to serve everyone, he’ll keep flexible tenancies November 15, 2017 Sadiq Khan recently announced his draft housing strategy, in which he hopes to use the proposed London Model for renting to improve the private rented sector. Initially, this will bring together tenants and landlords to consult upon reforms, including the proposal for longer term tenancies. All contract lengths are negotiable between the landlord and tenant [...]