The housing minister just admitted the government will miss its housebuilding targets November 11, 2016 NULL
The housing minister just admitted the government will miss its housebuilding targets November 11, 2016 The UK's housebuilding sector is "absolutely… not at the rate we need to be" in order to meet government targets, the housing minister has admitted. In an interview with Sky News, Gavin Barwell said although the UK is currently building 170,000 new homes a year, we're on course to miss a target of one million [...]
Singles Day: What can British retailers learn from China’s version of Black Friday? November 11, 2016 Today marks the world’s largest e-commerce event. No, it’s not Black Friday yet – Singles Day is taking place in China, and it’s bigger than Black Friday and Cyber Monday combined. At midnight local time it took Alibaba just 52 seconds to take its first 1bn renminbi (£116m) and just under seven minutes to reach 10bn [...]
Copper prices are eyeing up their biggest weekly rally in 35 years following Donald Trump’s pledge to boost infrastructure spending November 11, 2016 Copper prices are eyeing their biggest weekly rally in 35 years today following US president-elect Donald Trump's commitment earlier this week to boost infrastructure spending. Three-month copper on the London Metal Exchange was trading up 3.5 per cent to $5,601 per tonne, a level it hasn't reached since mid-2015, and up more than $700 since [...]
Lib Dem leader says his party will vote against Article 50 if there isn’t a second EU referendum November 11, 2016 Liberal Democrat MPs will vote against triggering Article 50 unless the government promises to hold a second referendum, the party's leader Tim Farron said today. Farron wants a public vote on any final deal on the UK's membership of the EU, and said Lib Dem MPs would vote against enacting the legislation required to kick off [...]
North Sea oil and gas production has been unaffected by Brexit but a second, successful Scottish Indy ref could slash oil by 100,000 barrels a day November 11, 2016 The Brexit vote has not shaken up forecasts for North Sea oil and gas production, according to BMI Research, but a successful second bid for Scottish independence could slash output in the region. BMI Research's core view on the UK's primary oil and gas sector remains unchanged, with oil output estimated to reach 978,000 barrels per [...]
These chief execs think President Trump could be good news for business November 11, 2016 Donald Trump as President could be good for business, according to the chief executives of Goldman Sachs, BlackBerry and hedge fund Pershing Square. Bill Ackman, the founder and chief executive of Pershing Square, said yesterday that he was “extremely bullish on Trump”. “The US is the greatest business in the world,” he said at a [...]
Facebook’s Mark Zuckerberg rejects claims the network swayed the US election November 11, 2016 Mark Zuckerberg has denied claims that fake news on Facebook helped elect Donald Trump to the White House. The chief executive of Facebook said at the Techonomy technology conference in San Francisco last night that it was a "pretty crazy idea" and that voters "make decisions based on their lived experience". “The idea that fake news on [...]
Lloyds Bank to cut 665 jobs and close further 49 branches November 11, 2016 Lloyds Banking Group said yesterday it will cut another 665 jobs and shut down 49 branches as part of a three-year restructure of the business aimed at cutting costs. The business will create 145 new roles across the business, but will lay off staff in retail, commercial banking, insurance and consumer finance, the bank said [...]