DCC shares spike after it announces a new energy acquisition with ExxonMobil’s Norwegian unit February 7, 2017 Shares in DCC have surged after the company's energy arm said it will buy the retail petrol station network of ExxonMobil's Norwegian unit, Esso Norge, for 2.43bn Norwegian krone (£235m). The company rose to the top of the FTSE 100 index this morning, and its shares were up 6.67 per cent at 6,800p in early trading. Dublin-based DCC, which [...]
Forget contactless, train tickets could soon use fingerprints and facial recognition February 7, 2017 Ambitious plans to bring train travel into the 21st Century could replace paper tickets and even forward-thinking contactless payments with fingerprints and iris scanning. “Britain’s railway exists to drive our economic prosperity. A 21st century railway offers opportunities for businesses to grow by bringing more technology to the railway more quickly. Everyone in the railway [...]
Severe delays on District line due to signal failure at East Putney February 7, 2017 There are severe delays on the District Line this morning due to an earlier signal failure at East Putney station. There is currently no service between Parsons Green and Wimbledon and there are severe delays between Earl's Court and Parsons Green, with minor delays between Edgware Road and Earl's Court. https://twitter.com/districtline/status/828907813774700544 https://twitter.com/districtline/status/828897346708725760 Transport for [...]
Tax set to rise to highest share of UK income in over 30 years as austerity continues to bite according to Institute for Fiscal Studies February 7, 2017 The amount of tax we pay will rise to the highest proportion of the UK’s national income in over 30 years, according to an analysis by an influential group of economists. The government plans to raise taxes by £17bn over the course of this Parliament relative to 2015-16, according to the Institute for Fiscal Studies [...]
Short-term Greek bond yields have jumped after the IMF’s board fell out over its rescue February 7, 2017 Yields on two-year Greek debt jumped to almost 9.7 per cent this morning, the highest since last summer, after the International Monetary Fund (IMF) admitted its executive board was divided over the issue of the country's bailout. The IMF has been at loggerheads with other members of the so-called troika of creditors involved in Greece's bailout for [...]
Ofgem’s price cap on prepayment meters will save Brits £80 per year February 7, 2017 Britain's energy regulator has announced a price cap that could save more than 4m households around £80 per year. Ofgem's temporary cap on prepayment meters is one of the results of the Competition and Markets Authority (CMA)'s two-year investigation of the energy market. The levels of the cap vary for electricity and gas, by meter type and region, [...]
This is how far house prices fell in January February 7, 2017 House prices fell month-on-month in January, reversing the strong house price growth recorded at the end of last year. According to Halifax's house price index, house prices fell 0.9 per cent last month. Year-on-year growth was 5.7 per cent, down from an annual growth of 6.5 per cent in December. Read more: This is how [...]
FirstGroup gets Brexit boost from sterling despite flat performance in UK February 7, 2017 FirstGroup enjoyed a Brexit boost as the devaluation of sterling delivered a strong revenue increase despite its continued struggles in its UK buses business. The figures Group revenue increased by 12.8 per cent because of the devaluation of sterling since the EU referendum, as foreign earnings became more valuable. Without the sterling boost the group’s [...]
Aldi just became the UK’s fifth largest grocer February 7, 2017 Aldi has become the UK's fifth largest grocer by market share, overtaking the Co-op. According to data from Kantar Worldpanel, Aldi grew its sales by 12.4 per cent in the 12 weeks ending 29 January. Its share of the market now stands at 6.2 per cent. Read more: A Lidl competition: Aldi becomes the highest-paying supermarket in the UK [...]
BNP Paribas announces new digital push as profits rise February 7, 2017 BNP Paribas has announced it will invest billions in a new digitalisation push as it reports a growth in gross operating income and revenues for 2016. The figures Revenues grew by 1.1 per cent in 2016 compared to the previous year to reach €43.4bn (£37.3bn), although €597m came from the sale of shares in Visa [...]