Here’s how much earthquakes in Japan have cost Sony so far this year November 1, 2016 Fresh from announcing its full-year forecast will be lower than expected yesterday as a result of selling off part of its business, Sony revealed that's not the only struggle in the fight for profit. Earthquakes in Kumamoto, Japan, earlier this year were among the reasons for a 48 per cent fall in operating profit in the second [...]
Weir’s shares sag following concerns about reduced orders November 1, 2016 Weir Group's shares slumped over five per cent in morning trading after announcing that orders were down seven per cent in the third quarter. The Scottish engineering firm, whose operations date back to 1871, said that its third quarter input order slump on the previous year was due to lower activity across its oil and gas divisions and [...]
Sadiq Khan hits out at Boris Johnson for “mess” left at Old Oak Common November 1, 2016 Sadiq Khan has given his full backing to the huge regeneration at Old Oak Common, but lashed out at his predecessor Boris Johnson for leaving the plans in "a mess". Laying out the findings of his review of the Old Oak and Park Royal Development Corporation (OPDC), the London Mayor criticised Boris Johnson for rushing the [...]
Thames Tideway Tunnel moves £7m Blackfriars Millennium Pier to make way for the “super sewer” November 1, 2016 If you frequent Blackfriars you may have noticed its pier moved yesterday. Well it's all part of the work that's underway for the mammoth Thames Tideway Tunnel; Blackfriars Millennium pier needed to get shifted to prepare for construction of the long-awaited "super-sewer". The 25km tunnel will tackle the pollution of the tens of millions of [...]
Stephen Hawking thinks Brexit is too complex even for him November 1, 2016 Stephen Hawking, perhaps the world's greatest living scientist, has said he wouldn't fancy trying to tackle the UK's exit from the European Union. Speaking last night at the Pride of Britain Awards the 74-year-old professor told Prime Minister Theresa May that Brexit may be too "complex" a situation even for him. The Brief History of Time [...]
Sadiq Khan says Night Tube services will start on the Piccadilly line from 16 December November 1, 2016 The Mayor of London, Sadiq Khan, has announced that Night Tube services will start on the Piccadilly line on Friday 16 December – sticking to his pledge to have five lines running by the end of the year. It follows the launch of the service on the Central, Victoria and Jubilee lines, with the Northern [...]
London’s house prices won’t rebound until 2020, according to JLL November 1, 2016 London's housing market won't recover from the hit of the referendum until 2020, property experts have predicted. According to research by JLL, the UK housing market will be "more subdued" over the next few years, and London house prices will recover in 2020 "assuming Brexit negotiations are not too detrimental". Read more: This is how the third [...]
Standard Chartered gets a tongue-lashing from its boss as share price plummets November 1, 2016 Shares in emerging markets lender Standard Chartered plummeted over six per cent this morning after its chief exec called his company out for a performance that was "not yet acceptable". The figures Third quarter revenues were slightly down at $3.5bn from $3.6bn in the year before and identical to the second quarter. Operating profits were [...]
Output dips at UK manufacturers but growth is “solid” thanks to sterling fall November 1, 2016 The UK's manufacturing sector continued to grow at a "solid", if slightly slower, pace in October, new figures have shown. Markit's purchasing managers' index (PMI) for the sector fell to 54.3, from 55.5 in September – although it was well above its long-term average of 51.5. Any figure above 50 denotes growth. Unsurprisingly, the growth [...]
EU business leaders say bah to Brexit: They’re the most confident in the world November 1, 2016 Theresa May is triggering Article 50 by the end of March next year, but for now, EU business leaders are feeling confident. They don't think the impact of Brexit is likely to be felt for some time. Leadership organisation YPO has said that economic confidence among chief executives in the European Union bounced back in [...]