House prices 2020: How will the UK property market fare next year? December 26, 2019 It’s been a rocky year for the property market, as protracted political uncertainty and affordability problems left house prices largely stagnant in London and across the UK. But with a resounding victory for Boris Johnson in the General Election earlier this month, and the prospect of an end to the Brexit saga in sight, 2020 [...]
Tidy: BBC wins Christmas broadcast battle with Gavin and Stacey special December 26, 2019 The BBC has emerged triumphant in the fight to win Christmas Day eyeballs after a special episode of Gavin and Stacey pulled in 11.6m viewers. The bumper viewing figures mean the hour-long sitcom special was the most-watched show on Christmas Day and boasts the best festive ratings in more than a decade. Read more: Boris [...]
Hong Kong protesters march on shopping centres as Christmas clashes continue December 26, 2019 Hundreds of protesters descended on shopping centres in Hong Kong today in a bid to disrupt business on the third day of Christmas demonstrations. The so-called shopping protests have targeted malls in the financial hub since Christmas Eve, with police firing tear gas to disperse protesters and tourists in the busy areas. Read more: Hong [...]
Northern Rail ‘could be split up’ amid nationalisation plans December 26, 2019 The government is said to be plotting a break-up of Northern Rail as part of a radical plan to renationalise train services in northern England. Northern Rail, which is run by German operator Arriva, would be split into two franchises – North West and North East – under plans drawn up by Whitehall officials, the [...]
Boxing Day spending set to fall after Brits cash out on bumper Black Friday December 26, 2019 UK shoppers are set to tighten the purse strings in the Boxing Day sales this year after retailers bagged a record performance over the Black Friday weekend. Brits are expected to spend £3.7bn in post-Christmas sales this year, £200m less than in 2018, according to new figures from Barclaycard. Read more: Super Saturday fails to [...]
Top Nissan boss steps down in blow to scandal-hit car firm December 26, 2019 A senior Nissan executive has resigned from the company just weeks after taking up the job, marking a blow to the embattled car manufacturer’s turnaround plan. Jun Seki, vice chief operating officer and the firm’s third highest-ranking executive, said he was leaving to become president of Kyoto-based car parts manufacturer Nidec. Read more: Nissan faces [...]
Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Tim Clark to step down after thirty years as Emirates Airlines president December 24, 2019 Sir Tim Clark will step down as the president of Emirates Airline in June next year, bringing to an end more than 30 years at the company. Under Clark’s leadership the state-owned business became the world’s largest airline and helped transform Dubai into a global transport hub. Read more: Emirates orders $9bn worth of Boeing [...]
Credit Suisse admits to spying on second executive December 24, 2019 The Credit Suisse spying saga continues as the Swiss bank admitted to having undertaken surveillance of a second senior executive. Following surveillance of the firm’s former wealth management chief, bank blamed former chief operating officer Pierre-Olivier Bouee for hiring detectives in February to track former human resources head Peter Goerke. Read more: Credit Suisse cuts [...]
Liberty Steel set to continue US expansion with Bayou Steel purchase December 24, 2019 Liberty Steel Group, part of the Sanjeev Gupta’s GFG Alliance, today announced that it has been named preferred buyer for Bayou Steel, the US firm which has been in administration since the end of September. The deal, which is worth $28m (£21.7m), would see Liberty upgrade and modernise Bayou’s idled steel mill in LaPlace, Louisiana. [...]