HS2 route from Birmingham to Crewe to open six years early November 30, 2015 The high speed rail link connecting Crewe to Birmingham will open six years ahead of schedule in 2027. It follows the cost of High Speed 2 rising to more than £55bn, announced in the Autumn Statement last week. Two years ago the project was costed at £50.1bn. Meanwhile, the former director general of the Confederation of [...]
Peer-to-peer lender LendInvest on track to back £1bn of new properties by 2016 November 30, 2015 Peer-to-peer (P2P) property lending and investment firm LendInvest said it has doubled the number of properties it has supplied finance to over the last year, as developers scramble to keep up with demand for more homes. The alternative lender, which aims to plug the funding gap left by high street banks, has backed 1,222 new [...]
Jeremy Clarkson: Former Top Gear frontman helps Amazon Prime promote drone delivery November 29, 2015 Amazon has hinted at delivery by air drone and has called in none other than former Top Gear presenter Jeremy Clarkson to lend a hand. According to an accompanying FAQ page, which was put live today, Prime Air drones will be able to deliver packages of up to five pounds in 30 minutes or less, [...]
Morrisons in danger of falling out of FTSE 100 as blue-chip index comes up for renewal November 29, 2015 Supermarket Morrisons is in danger relegation from the FTSE 100 list of Britain’s biggest companies as the prestigious blue-chip index comes up for renewal this week. Morrisons has been hovering near the bottom of the index over the last year and narrowly avoided being kicked out in the last quarterly reshuffles in June and September. Its share price has fallen by [...]
Virgin Atlantic seeks to raise cash from Heathrow runway slots November 29, 2015 Virgin Atlantic has been given an air operator certificate for a new corporate entity called Virgin Atlantic International (VAL), sparking rumours the airline is looking to raise money against its slots on Heathrow's runways. The company said it did not comment on “market speculation”. Virgin, owned by Sir Richard Branson and Delta Air Lines, will reportedly [...]
Turkey reaches deal with EU on migrant crisis, including €3bn in aid November 29, 2015 Turkish premier Ahmet Davutoglu has today reached a deal with European Union (EU) leaders on stemming the flow of migrants. According to Reuters, the agreement includes €3bn (£2.1bn) of aid to help support the 2.2m Syrian refugees in Turkey. The deal also includes the renewal of talks about Turkey's entry into the EU and the possibility of visa-free [...]
Bankers bonuses under threat as industry faces cut backs November 29, 2015 Some of the biggest banks in Europe and the US are cutting back on bonuses after a decline in yearly profits. Credit Suisse is rumored to be considering slashing its bonus pool by up to 60 per cent, while Deutsche Bank is expected to reduce its payouts by 30 per cent. Barclays is reportedly looking [...]
AB InBev looking to head off the regulator by selling off SABMiller beer brands November 29, 2015 Anheuser-Busch InBev is looking to avoid a tussle with the regulator by selling off SABMiller’s Peroni and Grolsch brands, it’s being reported. This month AB InBev made a formal offer to buy rival SABMiller for £44 a share. The announcement comes after months of negotiations, and several extended deadlines from UK regulators. The tie up, [...]
Watch out on the first day of the month: 1 December is the date during the festive season when most accidents happen November 29, 2015 You better watch out but you might want to cry: 1 December is the date in the festive season when Brits are most likely to suffer an accident at home. According to figures from Allianz Insurance, almost double the number of households report having an accident on this day compared to the average for the [...]
Cyber Monday 2015 UK: Currys PC World follows Black Friday discount deals with online sale offers on, Samsung TVs, Asus ZenPad, Lenovo Yoga, GoPro Hero, Jawbone Up and Pebble watch November 29, 2015 Just as everyone was breathing a sight of relief as Black Friday drew to a close, along comes Cyber Monday. But for shoppers, that just means more bargains and discount deals, and the UK's retailers are more than willing to indulge them, and Currys PC World is the latest to spring some rather tasty offers on [...]