New car sales edge up after torrid year October 4, 2019 New car sales climbed in the 12 months to September, as manufacturers recovered slightly following a turbulent spell of trading last year. According to SMMT new car sales rose 1.3 per cent year-on-year to September, marking the first rise since February. However, 2019 was the second weakest September – after 2018 – for new car [...]
FTSE 100 heading for worst week in three years October 4, 2019 THE FTSE 100 is braced for its worst week in more than three years following a mass investor sell-off in the wake of mounting global uncertainty. The blue-chip index, which edged up 0.3 per cent this morning, has shed roughly 4.7 per cent in value over the last week. Read more: Trump says he wants [...]
Hong Kong: Government bans face masks in protest crackdown October 4, 2019 The leader of Hong Kong has banned face masks as the clashes between protesters and police intensify. Chief executive Carrie Lam has deployed emergency powers to prevent activists from masking their faces at demonstrations in the latest crackdown on pro-democracy protesters. Read more: Hong Kong – police charge protester shot by officer The colonial-era emergency [...]
AA share price knocked as FCA warns insurers it could ban loyalty premiums October 4, 2019 The UK’s financial watchdog may ban loyalty premiums for customers who renew their home and motor insurance as it outlined a raft of possible remedies to address market competition issues. The Financial Conduct Authority (FCA) said today that “competition is not working well for all consumers”, with 6m people paying high prices without getting a [...]
HP plans to cut up to 9,000 jobs October 4, 2019 HP plans to cut up to 9,000 jobs as the tech giant aims to lower costs and simplify its operating model. The computer firm said that it will reduce its global headcount by around 7,000 to 9,000 employees through redundancies and early voluntary retirements. Read more: HP buys supercomputer firm Cray HP said it expects [...]
BP CEO Bob Dudley to retire, Upstream boss Bernard Looney named successor October 4, 2019 BP chief executive Bob Dudley will quit his post at the top of the oil giant by the end of March 2020, the company said today. Bernard Looney will replace Dudley as CEO, leaving his current role as chief executive of Upstream. “It has been the privilege of a lifetime to serve this company and [...]
New RIBA exhibition reveals Britain’s Bauhaus heyday October 4, 2019 As schools of architecture go, the Bauhaus is surely one of the most famous. Founded in 1919 in Weimar, Germany and operational until political unrest forced it to close its doors in 1933, the school aligned itself closely with modernism and espoused a whole ideology based around unfussy, functional design with a social purpose. A [...]
New builds: Homes on the market in London this week, from a former Bermondsey pub to a Deptford tower with City views October 4, 2019 196 Southwark Park Road, Bermondsey From £450,000 for a one-bed Bermondsey is often ranked as one of London’s best places to live thanks to its food, drink and culture scenes, transport connections and relative affordability. If you want a piece of the action, Orchard Homes Group has just launched eight apartments and two houses at [...]
Could the Prime Minister’s fledgling Brexit plan end this paralysing uncertainty? October 4, 2019 “Unrealistic and damaging proposals”, or a “genuine attempt to bridge the chasm”? That was the debate raging in parliament yesterday, as the Prime Minister briefed MPs on his new plan for a Brexit deal. The reaction to Boris Johnson’s innovative attempt to break the Brexit deadlock has been mixed. Labour and the Liberal Democrats have [...]
Green finance is still stuck in the slow lane after New York Climate Week October 4, 2019 Attendees to New York Climate Week were treated to the city at its late-September finest – blue skies, warm sunshine, and a hint of fall colour creeping into the leaves of Central Park. Unfortunately, the beauty of this backdrop did not inspire enough concrete action on climate change. For many, the overriding feeling from last [...]