A Middle Eastern royal has spent £21 million on a garage in one of London’s most expensive districts February 9, 2017 A Middle Eastern royal has come up with a clever way of dealing with London's notoriously difficult parking system, spending £21 million to buy an entire parking garage. According to a report in The Times, the unnamed Gulf royal bought the parking garage in the Knightsbridge district of the capital to store their collection of [...]
Skymoons delivers eastern promise in game changing UK investment February 9, 2017 | City Talk Chinese mobile games giant Skymoons has announced its first European investment – a games development studio in Edinburgh – as part of its global expansion in the digital entertainment market. Skymoons, one of the most established publishers of mobile games in China, will now develop an MMO (multi player online game) from its Edinburgh studio, [...]
Donald Trump will visit the UK around June, according to the Metropolitan Police February 9, 2017 US President Donald Trump's state visit could be just months away, according to Metropolitan Police commissioner Sir Bernard Hogan-Howe. Speaking on LBC, the capital's top policeman said the visit would be "around June". Trump's invitation to visit the UK has been a source of huge controversy in the UK, with MPs set to debate the [...]
Tata Steel has agreed to sell its Specialty Steels business for £100m February 9, 2017 Tata Steel UK has agreed to sell its Specialty Steels business to industrials group Liberty House for £100m. The sale includes several South Yorkshire-based sites, including steelworks at Rotherham, Stocksbridge and Brinsworth, as well as operations in Suzhou and Xi'an in China. The deal will secure the jobs of about 1,700 people directly employed by Specialty Steels working in the aerospace, automotive [...]
Twitter’s not singing as revenue growth slows to a crawl and misses estimates February 9, 2017 Twitter shares are definitely not singing after releasing its fourth quarter earnings, sending shares down as much as nine per cent in pre-market trading. The figures Revenue came in at $717m, inching up just one per cent on the same quarter a year earlier – its slowest quarterly growth since going public – while earnings were [...]
Henderson shares hit as fund manager reports £4bn outflows February 9, 2017 Henderson Group’s shares dropped three per cent on Thursday after the fund manager reported outflows of £4bn last year. The figures Assets under management (AUM) grew 10 per cent during the year, closing 31 December at £101bn, as market gains more than offset the net outflows. The company reported underlying pre-tax profits of £212.7m, down [...]
Injuries reported after explosion at EDF nuclear power plant on France’s Channel coast February 9, 2017 There has been an explosion at a nuclear power plant on the northern coast of France, according to reports. Local media said firefighters were alerted to an explosion and a fire at EDF's Flamanville plant at around 10am local time. Ouest France newspaper reported there was a possibility of some injuries but no nuclear risk. EDF said [...]
Ambitious plans for UK commercial spaceflight just came a step closer to blast-off February 9, 2017 Ambitious plans to develop the UK's commercial spaceflight sector are nearing take-off with fresh multi-million pound funding promised by the government and draft legislation for the fledgling sector due "within weeks". Grants for businesses hoping to send tourists and satellites into space worth up to £10m have been announced by science minister Jo Johnson. "We want to [...]
France’s Total is eyeing rival assets after revealing strong profit February 9, 2017 French oil major Total said it will raise its dividend and look into buying assets from struggling rivals after announcing better than expected fourth-quarter profit. The figures Adjusted net profit for the quarter ended 31 December raised 16 per cent year-on-year to $2.4bn (£2bn), trumping analysts' average forecasts of $2.3bn, according to Reuters. The quarterly dividend was [...]
Bank of Tokyo-Mitsubishi UFJ and MUFG Securities fined £26m by PRA for not being open February 9, 2017 Financial regulators have imposed £26m of fines on the Bank of Tokyo-Mitsubishi UFJ (BTMU) and MUFG Securities for not cooperating with investigations. The Prudential Regulation Authority (PRA) said the two companies had failed to be “open and cooperative” with the UK financial services regulator after an enforcement action by US authorities. BTMU and MUFG, which [...]