It looks like UK house price growth is getting its mojo back February 14, 2017 Are house prices bouncing back from their Brexit blip? UK house price growth ticked up to 7.2 per cent in December, official figures showed today – the highest annual growth rate since August last year. The Office for National Statistics' (ONS) UK house price index showed the average price rose to just under £220,000 in [...]
It’s full steam ahead for Tornado’s timetabled services on the Settle-Carlisle line February 14, 2017 For the first time in nearly 50 years, a steam train is to run a timetabled passenger service in England. The A1 Pacific Tornado will pull 12 Northern services on the line over the next three days, replacing diesel trains on the Settle to Carlisle line. The line crosses the Yorkshire Dales and the North Pennines, [...]
Inflation rises closer to Bank of England’s target rate as factory gate prices soar February 14, 2017 Consumer prices growth accelerated at the fastest rate in 31 months in January, raising pressure on the Bank of England (BoE) to tighten monetary policy as inflation approaches its two per cent target, while a big jump in producer prices threatens to squeeze margins for manufacturers. The consumer price index (CPI) of inflation rose by [...]
35 psychiatrists have warned Donald Trump’s mental state makes him “incapable of serving safely as President” February 14, 2017 Donald Trump may not be the most popular President ever to set foot in the Oval Office – but now a group of psychiatrists have warned his mental state is so unstable, he shouldn't be in the White House at all. A letter to the New York Times signed by 35 psychiatrists, psychologists and social workers [...]
Acacia Mining doubles its dividend as revenues rise 21 per cent February 14, 2017 Shares in Acacia Mining jumped more that seven per cent this morning as the firm more than doubled its annual dividend. The figures Revenue for the Tanzanian gold producer surged 21 per cent to $1bn (£798m) for the full year ending 31 December 2016 due to a 13 per cent increase in gold sales while the yellow metal's price was up seven [...]
Tui losses narrow as it offloads Travelopia to private equity firm KKR for £325m February 14, 2017 Travel firm Tui has agreed to sell its specialist holiday arm Travelopia to private equity firm KKR for an enterprise value of 381m euros (£325m). It announced the sale ahead of its first-quarter results today, where UK holidaymakers' search for sun bolstered bookings, despite weakened demand for Turkey and Egypt after terror attacks and political uncertainty. Tui shares [...]
Next chapter in leadership for the high street retailer as John Barton steps down as chairman February 14, 2017 Retailer Next today announced chairman John Barton will step down after 15 years with the company. Barton has been on the board of the firm since 2002 and was appointed chairman in 2006. He will be succeeded by the Michael Roney when he retires on 1 August 2017. Read more: Next and Morrisons: What a difference [...]
The rise in insecure work is costing the Exchequer £4bn a year, warns the TUC February 14, 2017 The sharp rise in insecure work across the UK is costing the government – to the tune of nearly £4bn a year in lost tax income and benefit pay-outs. That's according to the Trades Union Congress (TUC), which says that total represents nearly a quarter of the social care budget spent in England. Its new [...]
Credit Suisse posts worse than expected losses with thousands more jobs to go in 2017 February 14, 2017 Credit Suisse's share price jumped over three per cent this morning despite posting greater than expected fourth quarter losses following its settlement with US authorities. The lender also revealed it plans to further reduce headcount in 2017, with 5,500 jobs set to go. Shares in the firm were trading at SFr15.20 at 8.30am this morning. The figures Fourth quarter [...]
Rolls-Royce made its largest ever loss last year February 14, 2017 Losses at aeroplane engine maker Rolls-Royce were worse than thought in 2016, with a loss of £4.6bn. The figures Analysts had mooted a pre-tax loss of £4bn – but in the event, the company racked up a pre-tax loss of £4.6bn in the year to the end of December, it said today, pushed down by [...]