British Airways flights hit by technical glitch September 6, 2016 British Airways has suffered technical problems causing delays and cancellations. The airline said some flights had been cancelled due to the unspecified technical problems and passengers are being told to check-in online before they travel. It said in a statement: "We are checking in customers at Heathrow and Gatwick Airports this morning, although it is taking [...]
Sports Direct share price rockets as it admits to serious shortcomings at Shirebrook warehouse and offers guaranteed hours to staff September 6, 2016 Sports Direct has admitted to serious shortcomings in the working practices at its Shirebrook warehouse, and plans to make changes to the way its workers are treated, the company said in a report released today. Shares in the company were up 5.5 per cent in this morning's trading. The retailer said it will offer casual retail staff guaranteed [...]
Berkeley Group’s home reservations hit by stamp duty and the Brexit vote September 6, 2016 Berkeley Group, the housebuilder recently relegated from the FTSE 100, has said in a statement today that reservations for its properties have fallen by 20 per cent as compared to last year. Stamp duty tax changes and the EU referendum had made trading more difficult, it said in its trading statement today, which covers the period from [...]
Berkeley Group just had a massive rant about London’s housing crisis, saying it “poses a risk to deficit reduction” September 6, 2016 Housebuilder Berkeley Group had made its feelings on London's housing crisis very clear this morning, slamming government housing policy and saying the problems "pose a risk to deficit reduction". Berkeley Group said this morning: "What is increasingly clear is that government policy, which has been helpful outside London, has had a negative effect on the [...]
Bayer and Monsanto in “advanced” merger talks after German chemical giant ups its offer September 6, 2016 German chemical giant Bayer has upped its offer for Monsanto to $65bn (£49bn) – and the seed-maker finally seems interested. In a statement, Bayer said it was in "advanced negotiations with Monsanto" over the acquisition. While the details have not been thrashed out, Bayer said it would offer $127.50 a share to take over the US seed [...]
Leave the buy to let market alone, Britain needs more landlords September 6, 2016 Twenty years since buy to let took off, landlords are now a crucial part of Britain’s housing ecosystem. The private rented sector, accounting for around one in five properties, provides much-needed homes for those people who are not ready to buy or do not want to purchase a property. However, the sector sometimes comes in for stick, [...]
Retail sales sunk back in August in a “U-turn” of fortunes for the sector September 6, 2016 Retail sales slowed in August, representing a "U-turn in retail fortunes" compared to figures from July. Overall sales fell by 0.3 per cent – the biggest month-on-month decline since September 2014, according to data from the British Retail Consortium (BRC) and KPMG. Like-for-like sales were down 0.9 per cent as compared to August last year; on [...]
City Moves for 6 September 2016 | Who’s switching jobs September 6, 2016 CBRE Sir Edward Lister has been appointed as a consultant to CBRE, the global real estate advisor. Sir Edward was most recently the mayor of London’s chief of staff and deputy mayor for policy and planning. In his new role, he will work with CBRE’s One London team in advising its clients on public sector engagement [...]
The Department for Education is facing questions over the merits of a drive to establish apprenticeship standards September 6, 2016 The government is facing doubts over its plans for apprenticeships, after the National Audit Office (NAO) raised questions on how the economy will gain from boosted numbers. In a report issued today, the NAO said the Department for Education has yet to reveal how it expects increased numbers of apprenticeships to boost productivity, or how [...]
UN high commissioner compares Donald Trump and Nigel Farage to Isis September 5, 2016 A top United Nations official has compared Nigel Farage and Donald Trump to terrorist outfit Isis. In a stinging attack on "populists demagogues and political fantasists", Zeid Ra'ad Al Hussein, the UN's high commissioner for human rights has deplored the likes of Farage, Trump and Marine Le Pen for spreading "half-truths, manipulations and peddling fear". Read more: Nigel [...]