EIA: US oil reserves hit a 43-year high as WTI and Brent crude oil prices continue to fall November 23, 2015 The US’ oil reserves rose to its highest point since 1972 last year, but plunging prices are likely to start weighing down the record-high reserves. Oil reserves soared by nine per cent in 2014, to 39bn barrels, according to US energy forecaster Energy Information Administration, which also found that natural gas reserves hit an unprecedented [...]
The UK property market’s secret north-south divide: It takes three times as long to sell your house in London’s Kensington or Mayfair than in Carlisle or Glasgow November 23, 2015 Selling a house in London? Good luck: it’s likely to take you three times as long as the average house sale in northern Carlisle, according to new figures revealing a different kind of north-south divide in the UK’s property market. House sellers in Carlisle, Cumbria, can expect to seal the deal after just six viewings. [...]
Ski holidays 2015/16: With the pound getting stronger, Bulgaria is a better bet than the Alps for a cheap skiing break November 23, 2015 There is one thing to look forward to in winter. It’s not Christmas dinner, spending time with loved ones or going on chilly wintry walks; it’s ski season. According to London’s go-to luxury travel experts, more City slickers than ever will head to colder climes after a winning cocktail of a stronger pound and early [...]
Portugal, Spain, Italy, Austria and Lithuania budget plans criticised as Eurogroup stresses flexibility in the wake of the migrant crisis November 23, 2015 Eurozone finance ministers piled pressure on their counterparts in Austria, Lithuania, Italy, Spain and Portugal last night as they were criticised for their spending plans. At a meeting in Brussels the 19-strong Eurogroup backed the European Commissions recent analysis of these countries hitting their budget targets. “For these countries more work needs to be done,” [...]
Black Friday 2015 shoppers beware: Cybercrime and online fraud cost the UK over £16m last Christmas – and Black Friday and Cyber Monday are the worst days of all November 23, 2015 Christmas spirit? Forget it: When it comes to cybercrime, online fraudsters are the biggest Grinches of all. Online shopping fraud over the holiday season soared by 42 per cent last year, with £16.4m lost to cyber criminals according to statistics from the City of London police compiled by non-profit organisations Get Safe Online and Action [...]
Fallout 4 review: Bethesda’s post-apocalyptic wasteland is a masterpiece November 23, 2015 ★★★★★ | PS4, XBO, PC Games like Fallout 4 don’t come around very often. Developer Bethesda is known for creating huge and richly detailed open worlds (the best example of which being its celebrated fantasy RPG, Skyrim). But while its games are piled high with incredible things to do and see, they’re also infamous for [...]
Hargreaves Lansdown co-founder Stephen Lansdown to become a partner in creative investment fund Edge Investments November 23, 2015 Stephen Lansdown, co-founder of FTSE 100 financial services group Hargreaves Lansdown, is to join creative investment group Edge Investments. Lansdown will take a ten per cent stake and become a partner in the firm, which has previously invested in Rolling Stones' live events and the Clangers reboot, through the private equity arm of his family office. [...]
London airport expansion: CBI president says UK can’t “pass the buck” to the next generation November 23, 2015 Britons can’t “pass the buck” to the next generation when it comes to building another runway, the president of Britain’s biggest business group has said. Speaking at the Airport Operators’ Association Conference earlier today, Confederation of British Industry (CBI) president Paul Drechsler said the “window of opportunity is closing fast” for more airport capacity. “Every [...]
Black Friday 2015 UK: Customer returns will cost retailers as much as £180m November 23, 2015 The cost to retailers of returned goods bought on Black Friday will come with a price tag of up to £180m and create an "out of stock" Saturday which could leave shoppers empty handed at the tills during the crucial Christmas shopping period. As much as 50 per cent of promotional purchases will be returned and 12 December is predicted to [...]
Prime Minister David Cameron says he will make the case for UK military action in Syria November 23, 2015 Prime Minister David Cameron has confirmed that he will make the case for British air strikes in Syria. Speaking to MPs in the House of Commons this afternoon, Cameron said that he will make a separate statement on Thursday setting out how attacking the so-called Islamic State (IS) in Syria would help defeat the violent [...]