Ukog: UK Oil and Gas share price falls despite extending planning permission for its Markwells Wood well license October 16, 2015 Shares in UK Gas and Oil (Ukog) fell five per cent to 1.35p per share in early afternoon trade, despite the company securing an extension to planning permission for its Markwells Wood well in West Sussex. Ukog said the South Downs National Park Authority had agreed to extend planning permission for the well site until the end of September 2016. The company is [...]
AstraZeneca setback: Diabetes treatment fails to win approval in the US October 16, 2015 UK drugs company AstraZeneca faces a setback in the US, after it failed to win government backing for its diabetes treatment. The Food and Drug Administration (FDA) said in order to make a final decision on the combined use of saxagliptin and dagagloflozin to treat type 2 diabetes, it requires more details about clinical trials in humans. [...]
World’s first bitcoin miner IPO draws near for Bitcoin Group October 16, 2015 The world’s first bitcoin mining IPO is drawing near, as Australia’s Bitcoin Group Limited launches a “pre-IPO”. After two failed attempts to list, could it be third time lucky for the company? Bitcoin crowdfunding platform BnkToTheFuture has launched a fund to invest in the firm, with less than a month to go until its flotation. Bitcoin [...]
John Lewis reveals how we shop, live and look in 2015: Spiralising and the Nutribullet took over while we ditched thongs, bookcases and formal dining October 16, 2015 When looking back at 2015, how will the year be remembered? Plenty of scandals, both corporate and political, have kept us busy in the news department, but what about when we hit the shops? Middle England's favourite department store John Lewis has released its annual state of the nation report, revealing the five items that [...]
The Co-operative Bank wants to spend £1m growing the UK’s co-operative sector October 16, 2015 It may still be shaking off the effects of a £1.5bn black hole in its balance sheet, but The Co-operative Bank is already looking to the future, after it announced plans for a £1m boost to the UK's co-operative sector. In a statement today, it said it had agreed a three-year partnership with Co-operatives UK [...]
What emissions crisis? European new car registrations jumped in September – and people were desperate for Volkswagens October 16, 2015 While politicians and those at the top of Volkswagen wring their hands in anguish over the emissions cheating scandal, it turns out the rest of Europe just sort of shrugged and got on with it, after new figures showed the number of new VWs registered in Europe jumped 8.3 per cent in September. Lest we forget, [...]
Nestle share price falls after disappointing sales slashing growth forecast October 16, 2015 Nestle has cut its growth forecast for 2015 as “exceptional events” kept the company from meeting its sales targets. The figures Organic sales growth was up 4.2 per cent year-on-year for the first nine months, against forecasts of 4.7 per cent. The company reported sales of £44bn for the period, weighed down 6.9 per cent [...]
UK house prices: London rents actually fell in the last quarter (but they are still higher than this time last year), according to HomeLet October 16, 2015 Good news for London's renters; bad news for the capital's buy-to-let investors: the average rent of a property in Greater London has fallen for the first time since February. Average rents in the wider region fell by 0.2 per cent in the three months to September, according to HomeLet. That doesn't mean it's cheap: the average [...]
Volkswagen emissions scandal: New boss Matthais Mueller says VW can “shine again” October 15, 2015 The new boss of Volkswagen Matthais Mueller has said the car giant can "shine again" in the next two or three years. Speaking to managers, Mueller hailed a new culture for the company, which he said needed to become more decentralised, with brands and regions becoming more independent. Read more: German investor sentiment hit by [...]
A third of people visit shopping centres to eat rather than shop, says CBRE October 15, 2015 You would think that most people’s immediate instinct when entering a shopping centre would be to grab and run – before it all gets too much. Not so, according to new research from CBRE, which reveals that a third of all visitors to shopping centres across Europe, South Africa and the Middle East will visit [...]