Theresa May says Britain should be a leader in free trade as she moots deals with five G20 nations September 5, 2016 Theresa May has said leaders of five G20 nations have expressed willingness to explore free trade deals with the UK in the aftermath of Brexit, although none of the nations are among the UK's top trading partners. May said the leaders of South Korea, Mexico, Singapore and India had all expressed a desire for talks to lift trade [...]
Greek banking shares down after reports suggest Eurozone bailout money might be off the table September 5, 2016 Shares in Greek banks plunged today after it was reported there was no further bailout money heading Greece's way from the Eurozone later this month. Alpha Bank closed down 2.7 per cent at €1.79, while Piraeus Bank is down 2.6 per cent at €0.15. Eurobank Ergasias finished down 3.2 per cent at €0.54, and National Bank of Greece is down 2.4 [...]
Southern Rail plan to run 60 per cent of services during the RMT strike September 5, 2016 Southern Rail plans to run six out of every 10 trains normally timetabled during the 48-hour strike by the Rail, Maritime and Transport (RMT) union that commences in the early hours of Wednesday morning. The franchise said that it would use "contingency conductors", adding that there would be extra staff at stations to help passengers and "arrangements [...]
Fresh pressure on UK government to change Chinese visa arrangements September 5, 2016 Lobby group UK China Visa Alliance (UKCVA) and West End landlord Shaftesbury are ramping up pressure on the government to accelerate planned Chinese visa reforms in the wake of the Brexit vote. They want Whitehall to bring forward plans to extend the current two-year visa for Chinese nationals visiting Britain to a 10-year multiple entry visa. It comes amid a drop [...]
Downing Street has ruled out a points system for migration, despite senior ministers pushing the idea during the Brexit campaign September 5, 2016 Theresa May has scotched any chances of the UK moving to a new points-based set of rules of migration, aping a system already in place in Australia, overruling plans proposed by some of her senior cabinet ministers during the Brexit campaign. May was already issuing cautious noises on the plan overnight, telling reporters at the [...]
Hunting share price jumps five per cent despite loss-making six months September 5, 2016 Shares in energy service provider Hunting rose over five per cent in morning trading despite announcing falling revenues and loss-making operations for the first half of 2016. Markets responded positively to the news of a reduction in Hunting's cost base and an interim financing arrangement that it is hoped will give the group sufficient breathing space in the short-term. The [...]
Marks & Spencer confirms cull of its head office staff September 5, 2016 Marks and Spencer has confirmed it will cut 525 jobs in its head office to ensure the business can "work more simply and efficiently". The business will be entering a consultation with employees over the changes which will also result in the number of staff based in London decreasing by around 400, with IT and logistics jobs [...]
Mayor of London Sadiq Khan announces new bus ‘Hopper’ ticket will launch next Monday 12 September September 5, 2016 London commuters will get more bang for their bus tickets from next Monday onwards, when the new 'hopper' bus fare system is launched. From Monday 12 September, passengers will be able to change onto another bus or tram for free within one hour of touching in at the start of their journey. It will be automatically given [...]
Oil prices soar despite muted Russia-Saudi Arabia statement September 5, 2016 Crude oil prices soared on hopes for an output freeze which could accelerate the stricken crude market's recovery, despite some gains being parred by a muted statement from oil kingpins Russia and Saudi Arabia. Brent crude, the global benchmark, shrugged off earlier losses to swell as much as 5.49 per cent to $49.40 per barrel in late morning trading. [...]
Liberum analysts urge Sports Direct shareholders to “align their interests” with Mike Ashley’s September 5, 2016 Investors are competing to see who can shout the loudest over the questionable corporate governance of Sports Direct – but one set of analysts has urged investors to "align their interests with those of the founder" Mike Ashley. Liberum analysts said today that shareholders only need to look at Sports Direct's past to understand. Things aren't actually bad for [...]