Theresa May confirms government will press ahead with HS2 and airport expansion decision due shortly October 5, 2016 Theresa May confirmed the government would "press ahead" with HS2 development and that it would "shortly take a decision on expanding Britain's airport capacity". In the closing speech to the Conservative Party conference the Prime Minister said "big and sometimes controversial" decisions on infrastructure needed to be taken. Whether that statement was a hint at Heathrow getting [...]
Before the bell: What you need to know before the US market open October 5, 2016 The pound has recovered some of its losses after mammoth sell-offs all week, while the gold price is steadier after its biggest one-day drop since 2013. Here's what you need to know before the US open at 2:30pm London time. US futures are pointing down in the pre-market. The S&P is off by 0.06 per cent, the [...]
A man in a jetpack took flight over London today October 5, 2016 Is it a bird? Is it a plane? No, it’s a man flying across London wearing a jetpack of course. Entrepreneur David Mayman took to the skies in the UK’s first jetpack flight across the Royal Victoria Dock at dawn today. So this happened on the way to work today #jetpack pic.twitter.com/SSzqp35P4h — flashdba (@flashdba) October [...]
Fitch piles on to Wells Fargo’s woes with outlook downgrade to negative October 5, 2016 Fitch added to Wells Fargo's worries late last night when it downgraded its ratings' outlook from stable to negative. The bank has recently been under the spotlight for all the wrong reasons, after it came to light that 2m accounts had been opened without customers' knowledge, with the lender's intense focus on cross-selling being to blame [...]
Eurozone speeds into slowdown with weak shop sales October 5, 2016 The Eurozone ended summer with a stumble, new economic data has shown, as political concerns begin to weigh on the continent. Retail sales, one barometer for consumer confidence, dropped by 0.1 per cent in August, Eurostat confirmed this morning, while it also dealt a significant downgrade to the sector's performance in July. The body now [...]
Southern Rail email leak orders managers to destroy ‘strike back’ posters October 5, 2016 An email has leaked from Southern Rail bosses claiming its controversial “strike back” campaign posters should be “removed from display and destroyed immediately”. The message with “URGENT” in the subject line said that due to the “extremely negative public sentiment around the brand it has been decided to cancel this poster campaign”. It requested that [...]
Aston Martin chief executive Andy Palmer: Brexit could be good for the UK’s car makers October 5, 2016 Which way would James Bond have voted in the EU referendum? We'll never know the answer for the fictional 007, but the chief executive of his favourite car brand has finally waded into the Brexit debate. In the run-up to the referendum, the UK car industry was among the loudest voices on the Remain side. [...]
British scientist Sir J Fraser Stoddart among three 2016 Nobel Prize for Chemistry laureates for making the world’s “smallest machines” October 5, 2016 A British professor was among this year's laureates for the Nobel Prize in Chemistry, which was awarded to a trio of scientists for making the world's "smallest machines". The 8m Swedish krona (£724,000) prize money was split equally between the three winners, French Jean-Pierre Sauvage, Scottish Sir J Fraser Stoddart and Dutch Bernard L Feringa. In each of their research, [...]
New car sales ease onto the brakes in September October 5, 2016 September is a golden month for two things: 1) Vogue magazine (it's a bumper edition, don't you know) and 2) new car sales, which tend to jump as consumers go mad for the new plate. But alack, alas, in contrast to August, last month was rather a disappointment, according to new figures from the Society of [...]
Megabrew merger between AB InBev and SABMiller inches closer as SAB shares suspend trading on London Stock Exchange October 5, 2016 Shares in British drinks giant SABMiller suspended trading on the London Stock Exchange this morning as the Megabrew merger between SAB and Belgian beer giant Anheuser-Busch InBev inches closer. Yesterday, the UK's High Court gave its approval to AB InBev's £79bn takeover and the holding company for the combined company, Newbelco, listed 1.7bn shares on the Johannesburg [...]