BT broadband and BT Infinity services are down across several areas of the UK October 26, 2016 BT customers have reported problems with their internet access in areas across the UK today. According to BT's status page, there are ongoing issues in several regions with both BT Infinity and BT broadband services. And internet service status monitoring website said BT had been having issues since around 12.08pm today. “A small number of [...]
US private equity firm eyeing UK investment opportunities as sterling value falls October 26, 2016 JZ Capital Partners, a US private equity company listed in London, is eyeing investment opportunities in the UK, with the fall in sterling making assets cheaper. The company’s share price rose by more than one per cent today to 518p after it reported a net asset value (NAV) of $873m (£714m), up from $851.7m, for [...]
Picks of the day: The three stories to read today October 26, 2016 It’s been a pretty miserable day outside, and your workload probably isn't helping the matter. To make your afternoon a bit easier – and interesting – we’ve put together the top three stories of the day in bite-sized form. Check out our three at three. Unicorn drawn cabs are taking commuters to work. Ever wanted [...]
Brexit will be fast and smooth says WTO boss Roberto Azevedo October 26, 2016 UK's transition out of the European Union will be fast and smooth and there will be no disruption to trade, the head of the World Trade Organisation (WTO) said today. Roberto Azevedo vowed that the UK would not face a vacuum or a disruption when it leaves the bloc and it would continue to be [...]
Cut-price Chinese and Russian imports keep steel outlook negative into 2017, according to Moody’s October 26, 2016 Cheap imports from China and Russia will continue to constrain European steel prices over the next year, according to a report from Moody's Investors Service. As well as putting pressure on European prices, imports will also soak up "a fair share of the expected growth in steel demand", Moody's said. This was based on the [...]
Stocks are fizzing in Coca Cola after better than expected results October 26, 2016 Stocks in Coca-Cola are up more than one per cent after it reported strong profits in its latest quarterly results. Growth was driven by strong results in North America and higher prices for drinks, but expects taxes to be impacted next quarter by structural and currency headwinds. The figures The soft drinks giant reported revenue of [...]
Boeing profit soars as it bumps up delivery and revenue forecasts October 26, 2016 While Airbus reported dipping profits earlier today, rival Boeing has reported third quarter results that beat profit and sales expectations, boosted by a tax benefit. It reported a 33.7 per cent rise in quarterly profit. The figures Boeing earned $2.28bn or $3.60 a share, up from $1.7bn in the same period a year ago. Core earnings [...]
The economics of iceberg homes: Are mega-basements just a sunk cost? October 26, 2016 Even if you’re rich, London’s above-ground space limitations and conservation rules can put the kibosh on building your dream home. If you have a vision of putting a swimming pool, cinema or bowling alley in your Georgian terrace, you’ll probably have to think vertically to realise it. Over the last decade, iceberg basements have become [...]
Antofagasta share price sinks after miner releases downbeat copper production update October 26, 2016 Shares in FTSE 100-listed miner Antofagasta slumped today, dragging down the rest of the blue chip index, after the company said its full-year copper output will be "close to the lower end" of its forecast range. Production rose across the board in the third quarter, with copper production rising 9.4 per cent year-on-year to 504,000 [...]
Living wage boost secures inflation-busting pay rises October 26, 2016 Pay packets grew for only the second time since the financial crisis last year, as low-paid workers earned a bumper pay boost as a result of the new national living wage (NLW). Across the UK, pay rose by 2.2 per cent in the year to April 2016, the Office for National Statistics (ONS) said this [...]