Just when you thought it was all going to be ok, Eurozone industrial production has fallen again November 14, 2016 Eurozone industrial production fell 0.8 per cent in September after a strong 1.8 per cent rise in August, adding to a volatile 2016 so far for European industry. Denmark and Germany posted the largest individual country declines, according to the data released today by the European Union’s statistics agency. They fell 8.1 per cent and 1.9 [...]
Metro Bank has agreed to offer cash accounts to clients of St James’s Place November 14, 2016 One of Britain’s up and coming banks today announced a tie-up with the country’s largest wealth manager. Challenger Metro Bank will offer cash accounts to customers of St James’s Place as well as providing a City branch for the wealth manager’s clients. Read more: Metro Bank allows customers to choose Mx prefix instead of Mr or [...]
Government to prioritise market access as it moves to dispel cloud of uncertainty hanging over airlines post-Brexit vote November 14, 2016 The government has moved to reassure the airline industry over market access after the Brexit vote, saying it remained a priority. It wants to make sure the UK has "liberal access to European aviation markets". Brexit secretary David Davis, transport secretary Chris Grayling and Tim Alderslade, the chief executive of Airlines UK, released a joint [...]
Are iPhones about to become a bargaining chip in Trump’s China trade talks? November 14, 2016 "Making things difficult for China politically will do him no good." That was the gist of an op-ed column in a state run newspaper in China yesterday, which amounted to a threat to take action against any measures on trade with China put forward by Trump: "China will take a tit-for-tat approach then." And iPhones could [...]
Watch out Uber? Addison Lee’s investing £17m in 550 new Ford Galaxys November 14, 2016 Addison Lee is striking while the iron's hot. It has just announced some hefty investment, plugging £17m into new cars, purchasing 550 Ford Galaxy people carriers, as it renews 12 per cent of its 5,000 strong fleet. Earlier this year profits were down as it battled the rise of mobile challengers, like Uber. But with the [...]
Forget Farage: Downing Street says Trump-May relationship is no threesome November 14, 2016 Theresa May has issued a stinging slap down to calls for Nigel Farage to lead relations with US President-elect Donald Trump. Farage was the first British politician to meet with Trump in the aftermath of the Republican's shock election victory, and this morning offered to assist the UK government in strengthening ties with the controversial billionaire. Downing [...]
Arm’s former chairman is back, and this time at a startup November 14, 2016 The former chairman of ARM, who led its sale to SoftBank for billions of pounds in one of the biggest deals of the year, has joined a startup. Stuart Chambers will join London-based adtech startup Ve Interactive as non-executive chairman just weeks after the Arm-SoftBank deal closed. "I have rarely come across a company which is as rich [...]
Japan GDP growth smashes expectations, pushing the Nikkei to a nine-month high November 14, 2016 Japan’s gross domestic product (GDP) grew at an annualised rate of 2.2 per cent in the third quarter of 2016, outperforming analyst expectations of around 0.8 per cent and helping to drive the country’s stock market, the Nikkei, to a nine-month high. The GDP growth rate grew by 0.5 per cent from July to September, beating the 0.2 [...]
A petition to stop shops opening on Boxing Day has 100,000 signatures November 14, 2016 A petition calling for shops to shut on Boxing Day has gathered more than 100,000 signatures. Boxing Day, which falls on 26 December, is traditionally a massive day for shopping as most major retailers begin their post-Christmas sales. Many companies have already launched promotions ahead of Black Friday, which falls on 25 November this year. [...]
Volkswagen’s Audi is in talks with China’s biggest car manufacturer SAIC Motor November 14, 2016 Volkswagen's Audi AG has confirmed it's in talks with China's biggest car manufacturer by sales, SAIC Motor Corp Ltd, for a long-term collaboration. The two firms signed a cooperation agreement on 11 November to explore the collaboration, SAIC said in a statement. Reuters first reported discussions were in the works on Saturday, to pave the way for [...]