Prices will go up: Retail bosses issue Brexit “catastrophe” warning May 22, 2016 Retail heavyweights have come out against Brexit, warning that leaving the European Union would be a "catastrophe" for Britain and a "massive shock to the system". The former bosses of four of Britain's biggest retailers – Tesco, Sainsbury's, M&S and B&Q – have warned Brexit will cause prices to rocket, a spike in inflation, job losses and the pound [...]
Canada’s oil heartland has some evacuation orders lifted May 21, 2016 Evacuation orders have been lifted on two oil sites in Canada's wildfire-ravaged energy heartland, as a spell of cold weather and rain helped to tame the flames. Authorities in the oil town of Fort McMurray in Alberta lifted the lifted the mandatory evacuation orders on Suncor Energy's base plant and Syncrude's Mildred Lake facility, as well as nearby camps [...]
Two bookies slash odds of UK “In” vote in EU ref to shortest so far May 21, 2016 William Hill and Ladbrokes are offering the shortest odds to date for Britain staying in the European Union, as people think it's increasingly likely the UK will remain. The two bookies cut their odds on Britain staying in the EU to 1/6, leaving punters with only £1 in profit for every £6 wagered. Telephone and online polls [...]
Labour derides London housing costs as “biggest single blight” on city May 21, 2016 Labour launched a stinging attack on London housing costs, describing them as the "single biggest blight on this city". Speaking at a conference to set out Labour's new vision for the economy, shadow chancellor John McDonnell promised to help people "who are at the mercy of an unforgiving, unrestrained housing market and landlords". Read more: Shadow chancellor [...]
EgyptAir flight MS804 black box has been located, reports suggest May 21, 2016 Update: EgyptAir MS804 latest – forensic official says crash was caused by "explosion" Reports suggest that the black box which will likely reveal what caused the missing EgyptAir flight MS804 to crash has been found. An Egyptian government source told CBS news search crews have located the plane's data recorders, commonly known as the black box. Separate reports [...]
RAC: Petrol prices to be “kept in check” if oil prices overshoot $50 per barrels May 21, 2016 The RAC assured motorists it expects fuel prices to remain in check, despite a recent uptick in the oil price due to production outages across the world. Supermarkets slashed petrol prices to below £1 per litre in the run-up to Christmas, citing savings from oil prices which had fallen from over $110 per barrel in the middle of [...]
Chancellor George Osborne warns again Brexit will hit house prices May 21, 2016 Chancellor George Osborne again warned Brexit will hit house prices, as an immediate economic shock hits financial markets. Speaking at the G7 finance ministers’ meeting in Japan, he said: "There would be a hit to the value of people’s homes by at least 10 per cent and up to 18 per cent … first-time buyers are hit because mortgage rates [...]
Pinkster gin the tipple of choice for crowdfunders at Growthdeck May 20, 2016 Premium gin brand Pinkster has ridden high on the "gin-aissance" sweeping the UK and smashed through an equity fundraising target of £600,000 in six weeks. Pinkster, a fast-growing, Cambridge-based gin produced with fresh raspberries, raised £758,000 in 47 days since it placed its listing on the relatively new crowdfundraising platform Growthdeck on 31 March. Unlike most crowdfunding platforms, Growthdeck does [...]
Here’s what got us talking this week May 20, 2016 We had a glimpse of the future (at least as far as house prices are concerned) and found some of us would be in a fight to the end with robots. And we learned stress wasn't always a bad thing – which is just as well because it's not just prosecco that's getting more expensive just in [...]
Megabrew deal: AB InBev’s takeover of SABMiller to be cleared by European Union regulators May 20, 2016 Antitrust regulators in the European Union are set to conditionally approve Anheuser-Busch InBev's takeover of British drinks giant SABMiller. The £71bn megabrew takeover, will be cleared by European Commission, Reuters reported today. SABMiller's share price has traded around 40 per cent higher since before the takeover was agreed in mid-October. [charts-share-price id="272"] Regulatory obstacles At the end of April, [...]