Adidas share price falls following warning on Russia July 31, 2014 Shares in German sportswear brand Adidas took a hit today after the company announced that conditions in Russia could affect profits, and that its targets for 2015 were no longer achievable. Adidas currently runs 1,000 stores in Russia, but it revealed that it intends to close some of its branches to "reduce risk and [...]
Ebola risk: WHO sounds alarm with £59m emergency response package July 31, 2014 The World Health Organisation (WHO) is launching a joint emergency response package with leaders of the African nations that have been hit by the deadly Ebola virus. Details will be revealed tomorrow at a meeting in Guinea: one of the three countries to have suffered at the hands of the current outbreak, which has [...]
Fire raging at Ferrybridge power station July 31, 2014 Ferrybridge power station near Castleford in Yorkshire is currently on fire, with black smoke billowing from the plant. An estimated 75 firefighters are currently at the scene, having been sent there by West Yorkshire Fire and Rescue Service at around 2pm. According to the West Yorkshire Fire Service, there has been a "partial [...]
Lucrative Manchester United Adidas kit deal to be cut by 30% should club miss out on the Champions League July 31, 2014 Manchester United's record breaking kit deal with Adidas will be cut by 30 per cent if the club fail to qualify for the Champions League in consecutive seasons. The £750m deal will see the German sportswear brand produce United's kit for 10 years from the 2015-16 season onwards will be worth £75.5m a year [...]
14 plans for London transport by 2050: From 24/7 Tube to Crossrail 3 July 31, 2014 London Mayor Boris Johnson has said £1.3tn of investment is needed in the capital over the next 35 years in order for London to retain its world class status. Transport is the biggest focus of the "London Infrastructure Plan 2050", and £973tn of spending is needed on transport alone to keep up with the rising population [...]
London house prices up 25.8 per cent in a year: How do other UK regions compare? July 31, 2014 Yet another report, this time from Nationwide, has shown that London house prices have soared in the last twelve months. Growth is slowing, however, and the latest figures show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase and lower than the [...]
Airbnb shows environmental benefits of sharing economy, study finds July 31, 2014 Guests using home and room rental app Airbnb in Europe avoided greenhouse gas emissions equivalent to 200,000 cars on the roads and were 10-15 per cent more likely to use public transport than if they stayed in a hotel, according to a survey conducted by Cleantech Group. The study claims that travelling on Airbnb, which [...]
Lloyds share price drops after bank pays £600m over PPI July 31, 2014 Lloyds Banking Group saw its shares drop on Thursday after revealing it had set aside £600m for payments over the PPI mis-selling scandal. Shares in Lloyds were down 2.9 per cent at pixel time. The £600m formed part of legacy conduct payments of £1.3bn that severely affected the bank's pre-tax profits in the first half [...]
Eurozone slips further towards deflation, but employment is up July 31, 2014 Eurozone inflation has fallen further this month, raising concerns that it is slipping into the "danger zone" of possible deflation. Year-on-year inflation figures released by Eurostat, the European Union's Statistical office, have revealed that prices in the single currency zone went up by just 0.4 per cent in July, which is less than the [...]
How the Lukaku sale represents Chelsea’s compliance with Financial Fair Play July 31, 2014 At 21, Romelu Lukaku has 60 club goals in 184 games. He’s scored seven international goals for Belgium including a winner at this year’s World Cup finals. And in the last two seasons, he’s been among the 10 top scorers in the Premier League. So why did Chelsea – a club not exactly short [...]