Green Party MP Caroline Lucas considering electoral pact with Labour August 26, 2016 The Green Party's only MP Caroline Lucas has indicated she would be willing to make an electoral pact with Labour. Lucas, MP for Brighton Pavilion, said she would consider a deal with other parties, including Labour, with candidates agreeing not to compete in some constituencies. By reaching a deal for a so-called "progressive alliance" both parties' could, in theory, [...]
Sterling nears three-week high on strong data August 26, 2016 Sterling hovered near a three-week high against the dollar this morning, after receiving a boost from strong economic data which showed investment was moving in the right direction. The pound was on track for its best weekly performance in six weeks against the euro, having hit a two-week high on Wednesday, although at pixel time [...]
Jubilee line Night Tube services to start on 7 October August 26, 2016 The first Night Tube service on the Jubilee line will start from 7 October, the mayor of London has said. The news comes after Londoners hailed the success of the service beginning on the Central and Victoria Lines last weekend. Over 100,000 people used, and are benefitting from, the launch of London’s first all-night Tube [...]
Growth in the UK’s economy accelerated in the build up to June’s Brexit referendum August 26, 2016 Growth of the UK economy accelerated in the three months to June, according to the latest figures. The Office for National Statistics revealed today that economic growth for Q2 was 0.6 per cent, up from 0.4 per cent on the previous quarter. Year-on-year the economy expanded 2.2 per cent. The figures mean that growth for [...]
Anchor butter and Cravendale owner grows earnings despite difficult market conditions August 26, 2016 One of the dairy companies at the centre of Britain's milk crisis reported profit growth and reasserted its desire to increase the milk price paid to farmers. Danish-headquartered Arla announced revenues of €4.9bn (£4.0bn) for the first half of 2016. Although this was down from €5.1bn in 2015, gross margins were sustained at €1.2bn and earnings were [...]
UberEats drivers to protest against pay cuts after Deliveroo takes action on pay structure August 26, 2016 UberEats drivers are to protest today against cuts to their pay, just after staff at rival business Deliveroo took action over changes to their own pay structure. UberEats, Uber's fast food delivery service, was launched in a bid to challenge Deliveroo's newly established dominance of parts of the UK's takeaway market, with both firms offering to deliver food from restaurants that [...]
Scrapping Hinkley Point would save taxpayers £1bn a year, according to a new report August 26, 2016 Axing plans for two new nuclear reactors at Hinkley Point could save UK taxpayers £1bn a year, according to a new report. Prime Minister Theresa May slammed the brakes on the project last month, despite the board of French energy giant EDF approving construction. And ahead of a final verdict from Downing Street next month, a [...]
Bus strike starts today on 20 routes in dispute leaving workers “out of pocket” August 26, 2016 As of this morning Transport for London began advising that strike action on buses will start to cause disruption. The strike is by members of the Unite union, who work for Tower Transit. The union said 1,000 drivers, engineers and other workers are involved in a dispute affecting some 28 bus routes across London. Overall, almost [...]
The Restaurant Group reports increased revenue but reduced profit as it lays out issues with Frankie & Benny’s August 26, 2016 The Restaurant Group (TRG) has laid out the reasons behind the poor performance of its biggest brand, Frankie and Benny's, as it reported an uptick in revenue but a dip in profit in the first half of 2016 The figures Revenue grew to £358.7m in the 27 weeks to 3 July, up 3.4 per cent from [...]
At least nine people killed in car bomb attack in south-east Turkey August 26, 2016 South-east Turkey has been hit by by another deadly car bomb – this time in the town of Cizre – which local sources said had killed nine people and wounded many more. The bomb was set off outside a police station in the town, with local news networks showing footage of plumes of smoke billowing from a police [...]