Severe delays as services between London Bridge, Charing Cross and Cannon Street fall victim to “complete loss of signalling” – as DLR is beset by delays and Elephant & Castle traffic returns December 8, 2015 Services between London Bridge, Charing Cross and Cannon Street were disrupted this morning – as passengers were soaked waiting for trains. Train operator Southeastern said there was "severe disruption" on routes to and from Charing Cross and Cannon Street after a "complete loss of signalling" at London Bridge. There were also cancellations between New Cross and London Bridge [...]
House price growth dips as UK housing value increases by £1.8 trillion in 10 years December 8, 2015 The value of the UK's housing stock has jumped by £1.8 trillion in the past decade, research by Halifax showed today. UK homes are now worth £5.1 trillion, a 53 per cent jump from £3.3 trillion in 2005. That's a £76,316 rise for each home in the UK. The news came as Halifax reported annual house price [...]
Hornby sales slide – but Christmas trading starts well December 8, 2015 Not a great start to the Christmas period for toy manufacturer Hornby, as it unveiled sliding sales and bigger loss. But it has a cunning plan… The figures Group sales fell to £22.3m in the six months to the end of September, down from £24.2m during the same period last year. Meanwhile, statutory losses rose from £500,000 last year to £4.5m. But [...]
Nuisance calls to mobile phones soaring despite crackdown on cold calling companies December 8, 2015 Nuisance calls to mobile phones are soaring in the UK, despite a clampdown on unwanted calls and texts. Some 72 per cent of Britons have had at least one cold call from a company in the last month, up from just over half, 55 per cent, in 2013. Both the government and regulators have been [...]
London economic growth will outstrip New York by 2030 December 8, 2015 London's economy is expected to grow more quickly than New York's over the next 15 years, helped by its ability to benefit from international growth. The capital's economy will grow by an average of 2.9 per cent a year between now and 2030, outpacing New York's 2.6 per cent, according to the report by consultancy [...]
Burberry, Berkeley Group, Entertainment One: Best of the Brokers for 8 December 2015 December 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BERKELEY GROUP According to analysts from Shore Capital, business is looking rosy for property developer Berkeley Group, with trading for its first half of the financial year roughly in line with expectations and the underlying profit before tax of £242m, marginally beating [...]
Brazil’s pain has no end in sight as impeachment proceedings against President Dilma Rousseff kick off December 8, 2015 The soap opera of Brazilian politics continues as impeachment proceedings against President Dilma Rousseff kicked off last week. After months of lobbying, petitions to have the President impeached were accepted by the speaker of the lower house, Eduardo Cunha, one of the most powerful sitting politicians. The charges (which she denies) are that [...]
Your new must-have gadget is already in your attic – CNBC Comment December 8, 2015 It’s finally happened. As well as my ever-expanding waistline and retreating hairline, there’s been an important development in my life. In the last few weeks, a sizeable chunk of wall space in my living room has been taken up by a collection of 12-inch LPs, and a rather weighty hi-fidelity music system complete with a [...]
The case for keeping performance evaluations: Dispensing with ratings will make it harder to issue bonuses December 8, 2015 In July, Accenture announced that it would be scrapping performance evaluations in favour of continuous feedback. “Imagine, for a company of 330,000 people, changing the performance management process — it’s huge,” chief executive Pierre Nanterme told the Washington Post. Accenture’s change in policy is representative of a wider corporate shift away from expensive and [...]
Grounded: Business groups slam UK government over delays to decision on London airport expansion December 8, 2015 Business groups have slammed the government over signals a final decision on airport expansion will not be made until at least next year. “Businesses across the UK will be astonished if the government once again delays taking a decision on a new runway,” said British Chambers of Commerce (BCC) director general John Longworth. “Ministers’ plans [...]