Non-EU trade at Heathrow dwarfs the amount passing through Gatwick September 12, 2016 Heathrow Airport turned up the heat on expansion-rival Gatwick by saying it is Britain's non-EU trading hub. The airport implied that it is Britain's post-Brexit vote airport by highlighting nearly a third of exports to non-EU countries took off from its runways in the last year, as compared to 0.2 per cent from Gatwick. Read more: Flybe boss wants national focus on regional [...]
Here’s how much of your pay goes on commuting September 12, 2016 Thought you were angry about your commute already? Brace yourself… Cancellations and delays, leaves on the track or too much heat, the increasing cost of tickets and jam-packed sardine tin-like trains – there's already such an array of choice when it comes to commuting complaints. Here's another one to add to the list. A tenth of your [...]
Rent on the average UK one-bed flat has now surpassed £1,000 per month September 12, 2016 Have warnings over the government's attempts to reduce second home buying just come to pass? New figures have suggested the average UK one-bed flat now costs tenants more than £1,000 a month. Ouch. The figures, by Landbay, showed the average UK one-bed hit £1,010 a month in August, 67 per cent of the average disposable [...]
UK universities top global ranking of attractiveness for international students September 12, 2016 UK universities have been crowned as the most desirable destinations for international students in a global ranking. International currency experts at World First have published a new index which revealed places at the universities of Cambridge, Edinburgh and Oxford are most sought after by overseas students. Read more: Oxford and Cambridge slip down world university rankings They [...]
Xcite Energy share price plummets and have “minimum residual” value September 12, 2016 The share price in North Sea oil company Xcite Energy tanked over 75 per cent following an announcement that bondholders would be taking control of the company. The Aim-quoted company has been in talks with the noteholders of its $135m of senior secured bonds and there had been hope of reaching an agreement that would see some return for equity investors – [...]
London commuters face transport delays due to 24-hour bus strike September 12, 2016 Commuters in London are facing delays today due to a 24-hour bus strike. Workers from Tower Transit, which operates around five per cent of London bus routes, began their strike at 00:01, and the industrial action is set to continue until 23:59. The staff are members of the Unite union, and previously led industrial action [...]
Samsung shares are not on fire after flaming recall September 12, 2016 Shares in Samsung have unsurprisingly stumbled after the smartphone maker was forced to recall its recently launched flagship Galaxy Note 7 due to a fiery battery situation. The South Korean tech giant was forced to pull the device from the shelves after reports of it exploding and on Friday said it had identified 35 such incidents. Read more: Samsung Galaxy [...]
Sadiq Khan’s new one-hour Hopper bus fare comes into force today – but it won’t quite live up to his original promise September 12, 2016 One of London mayor Sadiq Khan's manifesto promises launches today, but it won't quite match the plan. Khan had pledged a new “Hopper” one hour bus ticket allowing unlimited transfers on buses inside a 60-minute window. And while the ticket launches today, it will only cover a single change between buses or trams, with the discount [...]
These are the FTSE 100 social media winners and losers September 12, 2016 FTSE 100 firms are finally getting the hang of social media and even jumping on the Snapchat bandwagon to build their profile, new research reveals. Seven firms in the blue-chip index now have official accounts on the fledgling messaging service with a further six using the platform in some form. Read more: Google, Facebook and Twitter blasted over [...]
£4bn UK music industry calls for Brexit protection September 12, 2016 Music contributed £4.1bn to the UK economy last year, a new report has found. Calling for the industry to be protected after the UK’s Brexit vote, research by UK Music also revealed that exports generated £2.2bn in revenue in 2015. The report estimated that export revenue in live music grew by an estimated 35 per [...]