BP platform in the North Sea forced to shut after oil spill October 3, 2016 BP closed an oil platform in the North Sea after an oil spill was reported over the weekend. The oil major’s Clair platform, which is about 46 miles west of Scotland’s Shetland Islands in the North Sea, has been shut while an investigation is conducted into the leak which occurred yesterday. BP said that the oil [...]
Election fears get the better of US manufacturers as output stumbles October 3, 2016 The US manufacturing industry is growing at one of its slowest paces in two years, according to new data out this afternoon. The news comes as the world's largest economy approaches both the hotly-anticipated US Presidential Election and the next interest rate rise from the Federal Reserve. The manufacturing sector scored 51.5 on the closely-watched [...]
TalkTalk is jumping before it’s pushed and has done away with separate line rental charges October 3, 2016 TalkTalk has moved to scrap separate line rental charges in a system reboot that it hopes will go some way to repairing the damage to its reputation caused by its data breach last year. Following in the footsteps of Vodafone in August TalkTalk will move to a single combined monthly price. It announced it would make the change [...]
Picks of the day: The three stories to read today October 3, 2016 It’s Monday again, and you're probably looking for something to help take your mind of the work load. We’ve done the legwork for you, and put together the top stories people are talking about today in bite-sized form, just to make your life that bit easier. Check out our 3 at 3 Christmas Tube Strikes? [...]
Value growth for properties in the Nine Elms development set to fall dramatically by 2020 October 3, 2016 Value growth for residential properties in the Nine Elms development is set to fall dramatically over the next three years. According to JLL, average value growth for residential property across Nine Elms was nearly 35 per cent between 2011 and the end of 2015. However, this is set to drop to growth of just six [...]
Audioboom shares jump up and down after Chinese funding update October 3, 2016 Woes at Audioboom deepened today after it revealed it had missed its own deadline to secure vital external funding. The podcast provider – whose investors include property tycoon Nick Candy and his wife, actress and singer Holly Valance – said that it had not managed to secure a strategic equity investment of $8m from an unnamed Chinese investor. Although the [...]
Google has been given until the end of the month to respond to the EU Commission over antitrust charges October 3, 2016 Search giant Google has been given until the end of the month to respond to accusations the dominance of its mobile operating system Android is anti-competitive. The deadline – the fourth extension that Google has been granted – is the latest twist in the long-running battle between the European Commission and Google over anti-competitive behaviour. Over the weekend [...]
Tritax Group partners take a stake in the world’s first property exchange planned for 2017 October 3, 2016 The City has come one step closer to becoming home to the world's first securities exchange for commercial property. The International Property Securities Exchange (IPSX) will be the first exchange for trading stakes in companies that own single commercial properties. It is set to launch in 2017. Four Tritax Group partners have now invested in the [...]
Southern is asking passengers to complain about RMT strikes and they’re not happy about it October 3, 2016 The reaction to a large advertising campaign Southern Rail took out today suggests it may well have misjudged its audience. The snappily named “Let’s strike back” campaign implored passengers to tweet the RMT union and tell it how rail strikes made them feel. It also suggested a hashtag for users to get involved with: #SouthernBackonTrack. Time [...]
Retail fund sales turned positive in August October 3, 2016 Retail fund sales became positive in August for the first time since April, as net retail sales hit £1.7bn. According to Hargreaves Lansdown, this was due to £1.2bn of inflows into fixed income funds. There was an outflow of £629m from equity funds. Read more: Standard Life will re-open its property fund in October Property [...]