Standard & Poor’s says UK economy’s rebound in August may be a “mirage” September 12, 2016 Ratings agency Standard & Poor's (S&P) has warned that signs of a post-Brexit vote recovery in Britain's economy may prove to be a "mirage" as uncertainty about the country's relationship with the European Union weighs on business investment. "While the news is encouraging, we believe it has no bearing on the cloudy longer-term outlook for the [...]
Who knew printers were still a billion dollar business? HP and Samsung, that’s who September 12, 2016 Apparently, we haven't gone fully down the digital rabbit hole yet and still need to print things out on dead trees. It's a business worth at least $1.05bn (£792m), in fact, as HP snapped up Samsung's printer business for just that amount in a major deal on Monday morning. Samsung will spin off the business as part of its efforts to [...]
Watch: This Google robot has learned a balancing act September 12, 2016 Like a baby taking its first steps, the world has been privy to some seriously special moments in the lives of Boston Dynamics' robots. The Google/Alphabet owned company (for now, at least) has brought us clips of Atlas opening doors, taking strolls through the woods (even in snow) lifting and stacking boxes, as well as most famously [...]
Inside the lavish £3.9m apartments at Regent’s Park’s refurbished Park Crescent September 12, 2016 It's not often you get a chance to own a slice of London's architectural history. But with refurbishment on one of the capital's most iconic addresses complete, apartments have gone on sale – and you can buy one, for a cool £3.9m. Park Crescent, overlooking Regent's Park, was designed by architect John Nash (of Buckingham Palace and [...]
Minouche Shafik is leaving the Bank of England to run the London School of Economics September 12, 2016 Deputy governor Minouche Shafik is leaving the Bank of England at the start of 2017 for a top position at the London School of Economics. She joined the central bank in 2014 as deputy governor for markets and banking and will also leave the monetary policy committee (MPC), financial policy committee (FPC) ,the board of the Prudential Regulation Authority [...]
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 – [...]