House prices went up in August – but Nationwide says the outlook post-Brexit vote is “cloudy” August 31, 2016 Despite the recent Brexit vote – and changes to stamp duty rules – pouring cold water on new buyer enthusiasm, house prices picked up again in August. The Nationwide house price index for August showed prices increasing by 0.6 per cent, with annual house price growth increasing to 5.6 per cent, up from 5.2 per cent in [...]
Bingo: Stride Gaming has full house after £70m takeover of Tarco Assets and 8ball August 31, 2016 Stride Gaming has become the fourth largest bingo operator in the UK market after completing the £70.2m acquisition of two smaller gaming groups. The Aim-listed group has a full house after the takeover of Tarco Assets and Netboost Media, and 8ball Games Limited, which was first announced in late July. The move has increased Stride's market [...]
This could be awkward – Donald Trump to meet Mexican president August 31, 2016 Oh, to be a fly on the wall at this encounter. US Republican presidential candidate Donald Trump is to meet with the president of Mexico today. The Republican candidate said he was looking forward to meeting President Enrique Pena Nieto. Read more: Nigel Farage gives Donald Trump boost with bookie after backing billionaire I have accepted [...]
Amazon’s Dash button service launches in the UK today: Prime users can press a button to order condoms, dishwasher tablets, cat food and more August 31, 2016 Amazon has today launched its Dash button service in the UK, meaning British shoppers can order essential household items such as loo roll, dishwasher tablets, condoms and cat food using a physical button placed in the home. Launched in the US last year, Dash buttons are dongle-sized devices that connect to your home wi-fi network [...]
Brussels and Washington DC must end this silly standoff over taxes and fines August 31, 2016 Transatlantic relations were hardly flourishing even before Apple was slammed with a €13,000,000,000 tax bill by the European Commission yesterday. Such is the awkward standoff between Washington DC and Brussels that the move was pre-empted in America last week, with the US Treasury accusing the EC of becoming a “supranational tax authority”. The tax tiff [...]
City Moves for 31 August 2016 | Who’s switching jobs August 31, 2016 Game Digital Game Digital has appointed Guy Lister as chief operating officer. The newly created role, reporting directly to Game Digital CEO, Martyn Gibbs, will see Guy lead all areas of Game Digital’s UK retail operations, including stores and eCommerce, supply chain, marketing and finance functions. Guy joins from Office Shoes where he was chief customer and marketing officer. [...]
Businesses not feeling so buoyant during August August 31, 2016 Businesses were not feeling so sunny during August, as a report out today shows confidence dipped during the summer month. According to Lloyds Bank's Business Barometer for August, UK business confidence has dropped 13 points since July to a lowly 16 per cent. However, confidence reported in August's report was still higher than in the June [...]
Financial firms plan to plough money into IT as fintech challengers encroach on turf August 31, 2016 Over half (54 per cent) of traditional financial services firms are planning to splash cash on their IT systems, as the rise of fintech is leaving them quaking in their boots, research out today has found. The study by Robert Half Financial Services also discovered that those who planned to plough more money into technology were [...]
More than 10,000 London entrepreneurs have been handed government startup loans since 2012 August 31, 2016 More than 10,000 London businesses have received startup loans from the government over the last four years. London entrepreneurs have received more than £66m through the funding programme, first launched in September 2012. Hackney has seen the largest value of start-up support from government, followed by businesses in Southwark, Lambeth, Lewisham and Barnet. Across the [...]
Consumer confidence jumped up last month as shoppers refused to stay indoors during the summer heat August 31, 2016 Consumer confidence has bounced back from a post-referendum dip, with Brits determined to “carry on shopping” in August. The closely-watched GfK consumer confidence index rose by five points in August, up from minus 12 in July to minus seven – with all the measures used to compile the index going up. Respondents' confidence about the general economy improved [...]