Construction on EDF’s Hinkley Point nuclear plant to begin “within weeks” after China deal is announced October 21, 2015 Construction on the UK's first nuclear power plant in a generation could begin "within weeks" after a multi-billion pound deal between France's EDF and China General Nuclear Power Corporation. EDF will take a 66.5 per cent stake in Hinkley Point C in Somerset, while China General Nuclear Corporation will take 33.5 per cent. EDF intends [...]
Boris Johnson is going to boost internet connectivity across London with help from the Cheesegrater and the Walkie Talkie October 21, 2015 Sick of bad internet connections? You’re not the only one – but things could be about to change. The much-maligned Walkie Talkie building is about to live up to its name in more ways than one, as it becomes one of the buildings signed up boost internet connectivity in London. To improve connectivity across the [...]
Bank of England’s new stress test: Barclays, HSBC, Lloyds, Nationwide, RBS, Santander UK and Standard Chartered to face risk tests twice a year October 21, 2015 The Bank of England has today announced that it will apply new stress tests to Britain's biggest banks and building societies over the next three years, taking into account both domestic and global risks. Barclays, HSBC, Lloyds, Nationwide, RBS, Santander UK and Standard Chartered will face at least two stress tests per year under the [...]
Back to the Future 2 Day October 21, 2015: Seven of tech’s biggest entrepreneurs and what they were doing back in 1985 October 21, 2015 It’s not just the technology that’s different on Back to the Future Day (the day which Marty McFly travels to from 1985 in the second instalment of the film). The world’s best known entrepreneurs who have changed the way we live in the last 30 years were living very different lives back in 1985 when [...]
Credit Suisse to raise $6.3bn as it unveils new strategy including the initial public offering of its Swiss banking unit October 21, 2015 NULL
Japan’s export growth slowed sharply in September October 21, 2015 Japan's annual export growth crumbled last month, dragged down by shrinking sales in China and Asia, keeping pressure on economic policymakers who are due to meet later this month. Ministry of Finance data released today showed exports rose just 0.6 per cent in the year to September, falling short of a 3.4 per cent growth forecast [...]
The UK is finally good at something, and it’s tweeting in the office October 21, 2015 Never mind that our Rugby World Cup hopes have been dashed, that shares in the UK’s FTSE 100 companies have been outperformed by those on the continent, that Britain doesn’t have as many female bosses as its European rivals. We have finally mastered something: tweeting at work. According to new research by social [...]
McCafferty: Rate hike justified by growth in credit October 21, 2015 SOLITARY Bank of England dissenter Ian McCafferty has said a recovery in lending justifies an interest rate hike coming sooner rather than later, especially if rates are to go up only gradually in future. McCafferty, who was the only member of the Bank’s monetary policy committee (MPC) to vote for a rate hike at the [...]
You want fries with that? Metro Bank opens a drive-thru branch October 21, 2015 METRO Bank is bringing a little slice of American life to London, with its first drive-thru bank offering customers cash “from the comfort of their cars”. Customers will be able to pay in cheques and withdraw cash at two drive-thru windows, staffed by cashiers in a retail park in Southall. The drive-thru branch will be [...]
FTSE ends day steady as hotel stocks surge – London Report October 21, 2015 Arally in InterContinental Hotels Group and Whitbread shares yesterday following their well-received results helped to keep the FTSE 100 steady. The blue-chip FTSE 100 ended 0.1 per cent lower at 6,345.13 points, outperforming a 0.4 per cent fall in the pan-European FTSEurofirst 300. The FTSE 100 index still trades about 11 per cent below its [...]