Tech share prices are tumbling: Netflix, Tesla, Microsoft, Google, Amazon, Apple and more stock fall amid China rout January 4, 2016 Tech stocks have not escaped the market rout that has seen billions wiped of global markets on the first major day of trading in 2016. Tesla and Netflix both fell by more than seven per cent, with a downgrade for the movie streaming service by Baird, while the electric car company yesterday delivered sales figures at [...]
2016 London mayoral election: Conservative candidate Zac Goldsmith gets housing boost from Prime Minister David Cameron January 4, 2016 Prime Minister David Cameron has given Conservative candidate for mayor of London Zac Goldsmith a boost today by announcing that he will amend the national government's housing bill to address concerns over a lack of affordable housing in the capital. Cameron said that he is incorporating an amendment put forward by Goldsmith to create a binding [...]
Diageo offloads major wine interests, completing $552m sale of Percy Fox, Chateau and Estate Wines to Treasury Wines January 4, 2016 Dry January? British drinks giant Diageo has sworn off wine alongside the rest of us, completing the sale of its major wine interests today. The FTSE-listed firm has offloaded its UK-based Percy Fox business, including brands Blossom Hill and Piat d’Or, and US wines Chateau and Estate Wines to Australian Treasury Wines. The $552m (£356m) sale was [...]
US manufacturing contracts for second consecutive month January 4, 2016 The US manufacturing sector contracted for a second consecutive month in December, according to survey figures released today. The Institute for Supply Managemtent's purchasing managers' index (PMI) dropped to a score of 48.2 per cent from 48.6 per cent the previous month. Figures below 50 imply a decline in business activity on the month. It takes [...]
Transport for London rezoning the Tube map: Eight underground, rail and DLR stations including Stratford and West Ham changed from Zone 3 to Zone 2/3 January 4, 2016 Much like the rest of us, Transport for London is making some changes in the new year, with a new look for parts of the Tube map and a cheaper commute for as many as 100,000 east London passengers. Eight stations in east London have just been rezoned from Zone 3 to Zone 2/3 – [...]
UK oil industry production jumped last year – but this will be “extremely challenging” to maintain in 2016 January 4, 2016 UK oil and gas production rose more than seven per cent last year, nevertheless the industry will be "extremely challenged" to sustain this going into 2016. Production for the full year of 2015 is expected to be around seven to eight per cent higher than a year earlier, according to Oil and Gas UK, which represents the [...]
Official figures are underestimating London’s population growth: Housing, transport and general infrastructure can’t keep up January 4, 2016 Official estimates for London's population growth are wide of the mark, a new report claims, with the capital requiring "major improvement" if it is going to meet the challenges of its swelling number of residents. Research by consultancy Atkins, in partnership with Oxford Economics and the Centre for London, claims that London will become home to 12m people by [...]
EU referendum: Six more Conservative MPs say they’re backing Brexit as Nigel Farage, Peter Bone, Tom Pursglove and Kate Hoey launch new cross-party “leave” campaign January 4, 2016 Six new Conservative MPs have come out in favour of Britain leaving the European Union today, piling pressure on Prime Minister David Cameron as he works to secure a reform deal by the end of the next month. Anne-Marie Trevelyan, James Cleverly, Scott Mann, Craig Mackinlay, Royston Smith and Paul Scully, all elected as MPs [...]
German inflation falls further below Eurozone target January 4, 2016 Inflation in Germany, the biggest economy in the Eurozone, failed to build on previous increases in December. Prices rose 0.3 per cent year-on-year, down from 0.4 per cent the month before, the figures released by German statistical office Destatis show. Annual energy price declines slowed to 6.5 per cent in December from 7.5 per cent. However, food prices [...]
LV= steps into legal market with law firm Lyons Davidson partnership to provide a selection of legal services January 4, 2016 Insurance company LV= today announced it is entering the legal market, working with a law firm to provide a range of legal advice services. By partnering with solicitors firm Lyons Davidson, LV= Legal Services will be able to provide advice on matters including wills, conveyancing and employment law. “Most of us need expert legal help [...]