US inflation breaks above two per cent for first time since 2014 January 18, 2017 Inflation in the US broke through the Federal Reserve's two per cent target in December for the first time since 2014, strengthening the case for a rise in interest rates over the coming year. Consumer prices rose by an annual rate of 2.1 per cent in December, after inflation of 1.7 per cent the month before, [...]
£49k a year, four days a week: Southern rail’s hiring drivers January 18, 2017 Want to earn £49,000 a year for a four-day week? Southern rail wants you: the company is ramping up its efforts to recruit more drivers to cut down on disruption on its network. Southern owner Govia Thameslink Railway (GTR) said earlier this week it was after new drivers as it seeks to cut down its reliance on rest-day working [...]
Goldman Sachs more than triples profits in fourth quarter, as bond trading helps boost bank’s bottom line January 18, 2017 Goldman Sachs has more than tripled its profits in its fourth quarter of the year, thanks to bond trading giving its bottom line a boost. The figures The US banking giant announced net revenues for its fourth quarter of $8.2bn (£6.7bn), up 12 per cent on $7.3bn for the same period the year before, and net earnings [...]
How are Europe’s politicians reacting to Theresa May’s big Brexit speech? January 18, 2017 After taking a night to digest Theresa May's landmark address at Lancaster House yesterday, Europe's politicians are slowly stirring to issue their own thoughts on the Prime Minister's Brexit plan. German chancellor Angela Merkel has led the way with some brief comments at a press conference with the Italian Prime Minister Paolo Gentiloni. "This speech made [...]
“Privileged” Single Market access is critical for London, says Khan January 18, 2017 London mayor Sadiq Khan will brand "privileged" Single Market access as "critical" for the capital in his response to Prime Minister Theresa May's Brexit speech. Speaking at the World Economic Forum in Davos, Khan will say getting a good deal on trading into the Single Market should be May's top priority in her negotiations with [...]
This patent is a major hint Amazon’s entering the self-driving vehicle race January 18, 2017 Amazon appears to be the latest tech giant jumping into the driverless car race, as a new patent for the technology made by the retailer-turned-transport innovator has been uncovered. The designs, first reported by ReCode, are for a "roadway management system" which "can determine the direction of travel for lanes in a roadway and direct autonomous automobiles [...]
Flybe’s Cardiff to London City Airport route set to fly into the summer January 18, 2017 Flybe's "rescue flights" from Cardiff to London City Airport for the closure of the Severn rail tunnel are set to be extended into the summer. The ongoing popularity of the route has resulted in Flybe extending its operation through to the end of its summer schedule. Initially, the plan was for the route to be [...]
Vodafone returns to Sweden with Tele2 partnership to centralise services January 18, 2017 Vodafone today unveiled a new partnership with the Tele2 that will centralise services across Sweden, Latvia and Lithuania. Stockholm-listed Tele2 is a major player on the continent, operating across nine counties with over 14m customers. Read more: Vodafone beats expectations as it continues to monitor Brexit implications The partnership commenced on 1 January and Vodafone partner markets [...]
City Pub Company guzzles Christmas sales as it prepares to float this year January 18, 2017 City Pub Company has raised a toast to this Christmas after it nearly doubled like-for-like sales over the five-week festive period. The figures The pub owner and operator said sales for the period to 1 January were up 47 per cent compared with the previous year, while sales for the whole of 2016 were up 37 per cent. It also bagged [...]