Mining glory takes FTSE 100 past 6,200 to post highest close of 2016 March 30, 2016 Traders got out their spades and went digging for value today, striking gold in the topsy-turvy commodities sector and helping the FTSE to put on an impressive 1.59 per cent to close at 6,203 – its highest level of the year. Markets started cheerily this morning, surging by 63 points at the open, and the feel-good [...]
Byron avoids a grilling, serves up healthy profits for its “proper hamburgers” in 2015 March 30, 2016 Still pursuing its goal to turn the UK into a nation of "proper hamburger" lovers, Byron saw healthy growth in sales and expanded into eight new venues (mostly outside of London) in 2015. The figures Profit after tax at the posh burger chain remained flat at £4.4m, while turnover jumped by 25 per cent from £55.2m to [...]
Bar Standards Board gains approval to license Alternative Business Structures March 30, 2016 Legal eagles, here's an acronym game to entertain you on your commute home: LSB BSB ABS OMG! For those who require a more detailed explanation, the Legal Services Board (LSB) has today approved the Bar Standards Board's (BSB) application to become a licensing authority for alternative business structures (ABS). An ABS, which were introduced under the Legal Services [...]
Uncertainty, sure. Turmoil, probably. But this economist says Brexit might not be a disaster March 30, 2016 Britain will not awaken to a post-apocalyptic nightmare on 24 June if it votes to leave the European Union, a top economist has told City A.M. Dismissing the notion that Brexit would be a "disaster" for the UK economy, Jean-Michel Six, chief economist for Europe, the Middle East and Africa at Standard & Poor's (S&P), also said [...]
Government says nationalisation of Port Talbot “not the solution” March 30, 2016 The business secretary has said the government will "look at all viable options" to save Port Talbot's steel industry, but nationalisation is "not the solution". Sajid Javid said that the sector is "absolutely vital" for the UK, however he isn't convinced that nationalisation is a "long-term viable solution", ITV news reported. Downing street has said that [...]
Burger King has done it again: its releasing its “angriest” Whopper yet with a flaming red burger bun March 30, 2016 First, there was the black Whopper. Now, Burger King is out of the black and into the red with another colourful dish – this time the "angriest Whopper". According to the fast food chain, everything about this burger is angry. The bright red bun, which is infused with hot sauce, is filled with: "crispy angry onions, [...]
London is leading a second post-crisis boom in house prices March 30, 2016 House prices across the country continue to surge. Data published by the Land Registry this morning shows the average UK property price was £190,275 in February, a 6.1 per cent climb on the same month last year. London leads London house price growth continued to outpace the rest of England and Wales. The average price [...]
UK steel crisis: Prime Minister David Cameron rejects Labour leader Jeremy Corbyn’s call for MPs to hold an emergency debate over Tata Steel March 30, 2016 UPDATE: Downing Street has rejected Labour leader Jeremy Corbyn's appeal for MPs to return to London from their Easter holidays to debate the future of the British steel industry. A Number 10 spokesman said this afternoon: "Ministers will continue to hold briefings to update representatives of other parties on the situation but we have no plans [...]
Steel crisis worsens: Business secretary Sajid Javid rushes back to the UK as and David Cameron convenes emergency summit March 30, 2016 Sajid Javid is due to fly back to the UK today, after Prime Minister David Cameron convened an emergency steel summit regarding Tata Steel's plans to sell-off its UK assets. Downing Street said that business secretary, Sajid Javid, will be flying back early from his trade visit to Australia. It added that prime minister David Cameron is due to hold a meeting with ministers [...]
Ben & Jerry’s is giving free chocolate ice cream to Londoners – in the name of democracy March 30, 2016 Ben & Jerry's has weighed into the race for City Hall, after one candidate's claim that we're having the "the most boring election ever". In an effort to spice things up in the London mayoral election this year, property boss John Zylinski, aka the "Polish Prince", has thrown himself into the race and is running against Zac Goldsmith and Sadiq [...]