The UK’s car buyers might be beginning to forgive Volkswagen April 6, 2016 Forget this month's Tesla mania. It seems the UK's car buyers finally forgiving and forgetting: after a tough(ish) few months for the marque in the UK, in March sales inched up – but only by a tiny bit. The figures, from the Society of Motor Manufacturers and Traders (SMMT), suggested the brand sold 38,394 vehicles in March, 0.02 [...]
Rent or buy? Renting is actually cheaper than buying in these 10 locations April 6, 2016 High and ever-rising rents would lead many to suspect that buying their own place would work out as a cheaper option when it comes to monthly costs – but, it turns out renting is cheaper than buying in a several areas across the country. In Cambridge, renting costs around £10,000 less than the monthly mortgage repayment on a [...]
Why China wants to blast crude oil into space April 6, 2016 China will blast crude oil into space next week, to learn more about oil reservoirs lying tens of thousands of feet beneath the earth's surface. The experiment will look at how molecules in oil redistribute under intense pressures and uneven temperatures. Researchers want to sharpen their understanding of deep crude oil reservoirs up to eight kilometres underground. Read more: UK space industry to [...]
City heavyweights join shadow business secretary Angela Eagle to decide the corporate winners of this year’s LGBT Awards April 6, 2016 Distinguished business figures met in the capital today to decide the British LGBT Awards corporate winners The judging panel, made up illustrious names across the banking, finance and legal sectors, met up with shadow business secretary Angela Eagle to pick out winners for an array of gongs that praise the hard work done by Square Mile staffers [...]
EU referendum: Will the Dutch referendum impact on the UK’s EU vote? April 6, 2016 After more than 450,000 people signed a petition, the Netherlands will today turn up to the polls in a referendum of their own on the EU-Ukraine deal. Just weeks before the UK's referendum, the vote on the EU-Ukraine Association Agreement has the potential to send shockwaves through Europe. Indeed, if the Netherlands votes against the agreement in [...]
Panama papers: Guernsey treasury minister Gavin St. Pier says Guernsey is not a tax haven but a “low tax jurisdiction” April 6, 2016 Calls for urgent action from the Prime Minister to crack down on tax havens has been one of the fall outs from a leak of more than 11m files from Panama-headquartered law firm Mossack Fonesca. But Guernsey treasury minister Gavin St. Pier has said that Guernsey is not a tax haven, but instead a "low tax [...]
Up to 870 jobs at risk in Sainsbury’s restructure April 6, 2016 Sainsbury's is planning to shed as many as 870 jobs as part of a major restructure of its stores. The restructure, which comes hot on the heels of its £1.4bn takeover of Argos got the backing from parent Home Retail Group, involves replacing store trainers with new learning and development managers. Around 870 jobs could be lost [...]
US Presidental Election: Donald Trump suffers big defeat at the hands of Ted Cruz in Wisconsin as Bernie Sanders takes state ahead of Hillary Clinton April 6, 2016 Controversial Republican hopeful Donald Trump has suffered a heavy blow after rival Ted Cruz won the Wisconsin primary overwhelmingly. While Trump remains the frontrunner, the development means the Republican establishment will be more likely to be able to block his nomination. If Trump does not get half of the required delegates before the Republican national [...]
Topps Tiles sales grow as consumers give new strategy thumbs up April 6, 2016 There's one area of life that uncertainty around Brexit isn't slowing down: DIY. Topps Tiles' second quarter figures out this morning show a rise in sales as the business continues to make progress under its new strategy. The figures Second quarter revenues rose 4.9 per cent in the three months to 2 April. Total revenues for the [...]
Fintech helps London to keep global finance title – but concerns about Brexit, housing and airport capacity must be addressed April 6, 2016 London has retained its title as the financial centre of the world, according to a global study published today –but second-placed New York is keeping up the pressure. The City wrested the Global Financial Centres Index title back from the big apple in September last year after receiving a boost from the Conservative party’s General Election victory. This time round, the capital’s booming financial technology [...]