Worried about your house price after the Brexit vote? Foxtons are going door-to-door to help September 15, 2016 If you've been obsessively searching Zoopla to find out about property prices after the Brexit vote, put the laptop away – London's best loved property experts are happy to come to you in a branded Mini to answer all your questions. Yes, that's right, Foxtons are going door-to-door in London to boost confidence and help everyone understand the post-referendum marketplace. [...]
Before the bell: What you need to know before the US market open September 15, 2016 The Bank of England has conformed to market expectations and held its key rate of overnight interest at 0.25 per cent, while Apple can't cook up iPhones fast enough. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing to a very health rise ahead of [...]
London’s the most expensive place in the world to locate a tech startup September 15, 2016 London is the most expensive place in the world to locate a startup, with the average cost of renting office space in Shoreditch outstripping that of San Francisco, Brooklyn and 19 other tech and creative hubs around the globe, putting at risk the city's potential of producing its very own Google. The cost of renting business space in the [...]
Megabrew: Influential shareholder adviser group Glass Lewis backs £79bn AB InBev takeover of SABMiller September 15, 2016 Global investor advisory group Glass Lewis has backed Anhesuer-Busch InBev's (AB InBev) £79bn takeover of British drinks giant SABMiller. Glass Lewis has urged SABMiller shareholders to vote in favour of the takeover at the company's vote on the deal on 28 September. The group said the cash offer, which has been dismissed by other shareholders [...]
Oil rises but gains limited by returning supply from Nigeria and Libya September 15, 2016 Oil prices ticked higher this afternoon, but the gains were limited by news of returning supply from strife-stricken Opec members Nigeria and Libya. The black stuff was energised yesterday after a better-than-expected set of data showed cumbersome US oil stocks had fallen. But any upwards momentum was limited by expectations for a return of crude supplies from Libya and Nigeria. [...]
McDonald’s gets final bids for super-size sell-off of restaurants to franchise partners in China and Hong Kong September 15, 2016 McDonald's has received final offers from at least three bidders for more than 2,000 of its restaurants in China and Hong Kong that have been put up for sale to franchise partners in a super-sized sell-off. Private equity outfit Carlyle Group has served up an offer with Chinese state group CITIC, while TPG Capital is working with local [...]
Outgoing BBC Trust chair condemns government decision to name highest-paid stars September 15, 2016 The outgoing head of the BBC Trust has slammed the government’s decision to force the corporation to disclose celebrity pay details. Rona Fairhead, who announced she would be stepping down earlier this week following an intervention from new Prime Minister Theresa May, said she was “disappointed” with the change. Read more: Former BBC Trust vice-chair [...]
Mayor of London slammed over RMT union’s planned Tube strikes on Hammersmith & City and Circle Lines September 15, 2016 Mayor of London Sadiq Khan has been slammed today over his lack of response to a Tube strike planned by drivers on the Hammersmith & City and Circle Lines, due to start tonight. The RMT union said this morning that, following an "overwhelming vote for action" by drivers who are union members, 24 hours of strike [...]
New Chinese nuclear reactors at Bradwell and Sizewell are yet to receive the greenlight, despite government approval for Hinkley Point September 15, 2016 Further nuclear reactors due to be built by China in the UK are yet to receive the green light, despite approval for associated work at Hinkley Point. The government formally approved the £18bn reactors in Somerset this morning, but maintains that two subsequent projects remain subject to scrutiny. In supporting French energy giant EDF in building at Hinkley [...]
Hold fire: Bank of England leaves interest rates at 0.25 per cent but warns the economy may need further assistance September 15, 2016 The Bank of England has conformed to market expectations and held its key rate of overnight interest at 0.25 per cent. The nine-strong rate-setting Monetary Policy Committee (MPC) voted unanimously in favour of keeping rates on hold and maintaining its massive stimulus package. The rate was cut last month from 0.5 per cent as the Bank tried to [...]