Business pushes government once again on airport decision after Gatwick records largest ever month of traffic August 11, 2016 Business groups have jumped on data showing Gatwick recorded its busiest ever month in its 80 year history to push for a decision on aviation capacity. Some 4.6m passengers travelled through the airport in July, up 6.9 per cent on the same month last year, while long-haul jumped 23 per cent. Business groups welcomed the news, but indicated it [...]
Insurance buy-ins and buy-outs slow in first half of 2016 August 11, 2016 The amount of pension scheme buy-ins or buy-outs fell by 39 per cent in the first half of 2016. A total £2.7bn of schemes were transferred to insurance companies during the first six months of the year – this compares to £4.4bn in 2015 – according to research by actuarial consultants LCP. Buy-ins and buy-outs are strategies [...]
Alibaba’s shares are on a tear after a huge revenue jump August 11, 2016 Alibaba certainly isn't feeling the effects of the Chinese slowdown just yet. Shares in Alibaba – the world's largest retailer – have climbed by almost six per cent in the US pre-market after it posted revenue far ahead of expectations. Alibaba's shares were already up around seven per cent so far this year. A rise in revenue was bolstered [...]
The Jungle Book and Deadpool draw in moviegoers in first half for Cineworld August 11, 2016 Blockbusters including Deadpool and The Jungle Book drove a rise in revenues at Cineworld, while the chain has said it has a promising string of films on its side for the second half of the year. The figures Group revenue at the cinema chain rose 8.4 per cent to £356.7m in the six months to 30 [...]
Before the bell: What you need to know before the US market open August 11, 2016 Oil is falling and Australia's government is taking steps to stop Chinese firms from taking a controlling stake in its largest energy network: here's what you need to know before the market open at 2:30pm. US futures are pointing to a strong open. The S&P is up by 0.21 per cent, the Nasdaq is 0.24 per [...]
Brexit vote hasn’t affected sales but 21 pubs a week are still shutting August 11, 2016 The Brexit vote has not yet affected turnover at the country's watering holes, but hefty beer prices are still driving pubs to close at the "alarming" rate of 21 per week. Enterprise Inns, the UK's largest pub company, said sales rose 1.9 per cent in the 44 weeks to 30 July and the group remains [...]
Australia moves to block Chinese investment in energy grid August 11, 2016 Australia's government is taking steps to stop two Chinese firms from taking a controlling stake in its largest energy network, citing national security concerns. It puts Australia in a similar position to the UK, where the politicians must balance security concerns related to China's involvement in Hinkley against the importance of a good relationship with the world's second [...]
Arianna Huffington steps down as Huffpost editor-in-chief August 11, 2016 Arianna Huffington has announced she will step down as editor-in-chief as the Huffington Post, the online news outlet she founded. In a statement today she said she was stepping aside to focus her attentions on Thrive Global, the new health startup she unveiled in June. Read more: These are the 20 richest billionaires in tech "One [...]
Boost for Corbyn as Labour party loses court of appeal case restricting members’ right to vote August 11, 2016 NULL
City law firm brought in to look into former BHS directors August 11, 2016 City law firm Jones Day has been appointed to look into the conduct of the former directors of BHS. According to Sky News, the firm has been hired by FRP Advisory – the second administrator drafted in to handle BHS. Read more: Here's how much Sir Philip Green's BHS pension bill has risen due to Brexit [...]