Sainsbury’s biggest FTSE riser as share price soars by most since 2009 as sales fall by less than expected September 30, 2015 It comes to something when a dip in sales is embraced rapturously by investors – but Sainsbury's shareholders were thrilled as the supermarket suggested full-year profits will be ahead of expectations. The figures Sainsbury's like-for-like sales in the quarter to the end of September, it said, with sales excluding petrol dipping 1.1 per cent. That was "moderately" [...]
Labour party conference 2015: Housing is the capital’s greatest challenge says London mayor candidate Sadiq Khan September 30, 2015 Labour's candidate for mayor of London Sadiq Khan has said next May’s election in the capital will be a “referendum on London’s housing crisis”. Addressing the party's conference delegates in Brighton, Khan said that housing was “the greatest challenge facing our city that now affects all Londoners, regardless of age or income” and vowed to [...]
Forbes US 400 rich list 2015: These are America’s 10 youngest billionaires September 30, 2015 Forbes' annual US 400 rich list came out yesterday, with a recorded combined wealth of $2.34 trillion (£1.5 trillion), and the highest average net worth to date of $1.7bn – the bar to be included. One thing it shows is America's billionaires are getting young: this year there were 17 under-40s on the list, unsurprisingly [...]
Burger King has brought out a black Whopper for Halloween September 30, 2015 Fresh from its failed Peace Day experiment (but we're still hopeful something will come out of that) Burger King is getting into the Halloween spirit with a scary black burger bun for its terrifyingly themed Whopper. Unappetising, maybe. But Burger King has promised that while it may look scary, the burger will still be tasty, [...]
Savills: London house prices for the Capital’s most expensive properties have been dented by new stamp duty rules September 30, 2015 London's most expensive properties have been dented by strict new stamp duty rules, new research from upmarket estate agent Savills has shown, with prices in central London falling 4.6 per cent in September, compared with the same month last year. The heart bleeds… The research suggested new rules introduced in last year's Autumn Statement, which [...]
Global steel price drops to lowest level in over a decade September 30, 2015 It's been a bad month all round for commodities, and steel is the latest metal to show the scars of economic turmoil. The overall price of the commodity dropped to its lowest level in 11 and a half years in September, according to the MEPS steel price index. Read more: SSI to close Redcar [...]
Standard & Poor’s thinks the European Central Bank will extend its quantitative easing programme September 30, 2015 Credit ratings agency Standard & Poor's (S&P) has said it sees signs the European Central Bank (ECB) could extend its quantitative easing programme beyond September 2016. S&P said the euro has strengthened against the currencies of slowing emerging market economies. This will make it harder for the ECB to meet its inflation target of just [...]
Rio Tinto sells Australian coal mine Bengalla for $606m September 30, 2015 Mining giant Rio Tinto is selling its stake in its Australian coal mine Bengalla for $606m (£399m). The 40 per cent stake has been bought by specialist miner New Hope Corporation. Bengalla is the smallest of three coal mines in the Hunter Valley in which Rio Tinto holds an interest. Deutsche Bank advised Rio on [...]
What the UK could learn about the Internet of Things from India’s smart cities September 30, 2015 The term smart city has been thrown around for a while now. Many still view it as a futuristic concept that won’t see light of day in our lifetime. But across the world, these smart cities are being created, and in places that you might not expect. Take India for example. The country’s first smart [...]
Iran nuclear deal: Oil boss Ian Taylor “can’t see” sanctions being lifted till next year September 30, 2015 The Iran nuclear deal may have been reached two months ago, but economic sanctions against the Middle Eastern country are likely to remain in place until February or March next year, the boss of a multinational commodity trader has warned. At the Kazenergy forum in Astana, capital of Kazakhstan's capital, Vitol chief executive Ian [...]