Numerous flights delayed, diverted as Gatwick Airport shuts runway over oil spillage caused by Virgin 747 dumping fuel February 29, 2016 Gatwick Airport has shut its runway this morning because of an oil spillage, preventing all flights from leaving or landing. Reports suggest a Virgin 747 dumped fuel on the tarmac, causing widespread delays since mid-morning. Difficulties at London Gatwick airport, many flights are diverting. Follow live: https://t.co/x9HwOITysZ pic.twitter.com/dYvxlxkaWD — RadarBox (@RadarBoxCom) February 29, 2016 The London [...]
HSBC: Gulf Cooperation Council states face $94bn looming debt crunch February 29, 2016 One of the world's biggest banks has warned a $94bn debt crunch is looming over Arab countries. HSBC said that sovereign, financial and corporate borrowers in the Gulf Cooperation Council (GCC) region must repay or refinance $94bn of bonds and loans in 2016 and 2017, Arabian Business reported. The GCC is an economic and political alliance comprising Saudi Arabia, Kuwait, the United Arab [...]
As New Day dawns, Trinity Mirror reports statutory fall in revenue and operating profit February 29, 2016 Publisher Trinity Mirror announced falls in revenue and operating profit as it launched its New Day newspaper today. The company’s pre-tax profits dropped from £81.6m to £67.2m in the year to 27 December 2015. And its revenue was down seven per cent to £592.7m. Trinity Mirror said that on an adjusted basis its operating profit was [...]
Eurozone inflation plummets back below zero after renewed fall in energy prices February 29, 2016 The Eurozone is back in deflation after only four months of positive price growth. Annual inflation in the currency-bloc fell to 0.2 per cent in February, according to an early flash estimate from Eurostat released this morning. It marks a sharp drop from January's 0.3 per cent. Core inflation, which strips out energy, food, alcohol and [...]
Unified Response: London police, ambulance and fire crews test UK’s biggest ever multi-agency disaster training exercise as tower “collapses” into Waterloo Tube station February 29, 2016 London's emergency services are taking part in the biggest training exercise in London Fire Brigade's 150-year history, to see if the various agencies can cope in the wake of a major disaster. Metropolitan Police, London Ambulance and NHS England London are among the agencies taking part in the exercise, which is being coordinated by the London [...]
First Minister Nicola Sturgeon says to make change in Europe we must remain in the EU ahead of June referendum February 29, 2016 First Minister Nicola Sturgeon desperately wants the United Kingdom to vote to remain in the European Union, arguing it is the only way to make real change. Speaking at the Resolution Foundation, Sturgeon said that if the UK is to influence positive change in Europe, we must remain within the EU. Sturgeon echoed other Remain campaigners [...]
London house prices: Demand for luxury new-build apartments will drop this year – and prices won’t recover until 2018 February 29, 2016 Demand for London's luxury new-build apartments has fallen, one of the world's largest property services companies has admitted – and prices won't begin to recover until 2018. JLL said it was cutting its growth forecast for the capital's high-end properties, after economic uncertainty and the chancellor's three per cent stamp duty hike for second home buyers [...]