Commercial property investment in the UK dropped off in the first half of 2016 October 4, 2016 UK commercial real estate investment has dropped by more than a third in the first half of 2016, according to new figures from BNP Paribas. Investment into offices in the UK fell by 36 per cent in the first half of the year as compared to the same period last year – but BNP Paribas pointed out [...]
Picks of the day: The three stories to read today October 4, 2016 Spending your break at your desk as the temperature continues to drop? We’ve put together the hot stories people are talking about today in bite-sized form, just to make your life that bit easier. Check out our 3 at 3. Pay by selfie Looks like Apple pay is about to be knocked of the top [...]
The Bank of England should follow Dr Seuss’ example and publish simpler reports October 4, 2016 The Bank of England (BoE) needs to simplify its speeches and reports, a researcher at the institution has said – and he pointed to beloved childrens' author Dr Seuss as the perfect example for the Bank to follow. People writing in the financial industry put too many long words in long sentences, according to Jonathan Fullwood, from [...]
The number of new businesses in London keeps on rising October 4, 2016 The capital’s still the place to be for budding businesses, according to new figures from the Office for National Statistics (ONS). London has the largest number of VAT and/or PAYE-based businesses – 18.7 per cent of the UK total, as well as experiencing the largest growth – up 7.2 per cent between 2015 and 2016. Its [...]
Is globalisation dying out? October 4, 2016 The annual meetings of the International Monetary Fund and the World Bank take place in Washington this week, against a backdrop of gloomy predictions for the future of global trade. According to its latest prediction forecasts, the World Trade Organisation expects total trade to grow by its slowest pace since the financial crisis this year, [...]
IMF steps up attacks on Donald Trump and issues fresh Brexit warning October 4, 2016 Political risks are the greatest threat to the world economy, the International Monetary Fund (IMF) said today, in a thinly veiled attack on US Presidential hopeful Donald Trump. In its half-yearly economic outlook, the Fund downgraded its outlook for the world's largest economies over the next two years and warned a growing backlash against trade, [...]
Ryanair’s creating 3,500 jobs next year as it bolsters air fleet October 4, 2016 Ryanair has announced a major recruitment drive as it plans to add 50 new aircraft in the coming year and aims to grow its overall numbers from 355 to 500 over the next five years. To prepare for the expansion, the airline will be hiring 2,000 new members of cabin crew, 1,000 pilots and 250 aircraft engineers. [...]
Brexiteer MP Steve Baker expects the UK to retain almost all of its current trade arrangements with the EU October 4, 2016 The UK should be able to retain “virtually all” of its current trade arrangements with the EU, according to Treasury Select Committee member and Brexit campaigner Steve Baker. Speaking to City A.M. at the Conservative party conference in Birmingham, Baker said the UK would be boosted by a raft of elections across Europe in the [...]
The cost of groceries fell once again in September as the supermarket price war waged on October 4, 2016 The cost of a basket of shopping fell again in September as the supermarket price war continued to take its toll on retailers' margins. According to research by comparison website mySupermarket, a basket of popular grocery items came to £83.19 in September, an annual drop of £2.74 and a month-on-month drop of 16p. Read more: Sainsbury's share [...]