Electra Private Equity shares up as it announces investment shake-up plans October 14, 2016 Electra Private Equity's share price jumped two per cent this morning after it announced plans for a company shake-up. Under the scheme, the private equity firm will move from having a listed investment trust to a "corporate" structure from next year. It also plans to launch a £200m return of capital to investors in the fourth quarter [...]
George Osborne tells Theresa May to expand Heathrow October 14, 2016 George Osborne has ordered Prime Minister Theresa May to give a green light for a third runway at Heathrow, just days before the new government is set to announce its decision on airport expansion. The former chancellor, who was sacked by May after six years in Number 11, said the case for expanding the west [...]
Hillary Clinton set for landslide victory in US Presidential Election, spread betters say October 14, 2016 Hillary Clinton is set for a landslide victory in the upcoming US Presidential Election, according to political spread betting firm Sporting Index. The former First Lady and secretary of state is running against controversial Republican nominee Donald Trump, however, Sporting Index predicts Clinton will be elected President on 8 November with 327 electoral college votes. [...]
Gulf Keystone Petroleum share price falls more than seven per cent on completion of major debt deal October 14, 2016 Shares in Gulf Keystone Petroleum slid more than seven per cent this morning as the Kurdistan-focused oil producer completed a finance restructuring deal that has left its investors with next to nothing. The transaction, which was announced in mid-July, will shrink the company's debt burden from $600m (£492m) to $100m and help it raise $25m of new equity, via [...]
Rightmove accused of shutting down competition by removing free online estate agent from its site October 14, 2016 Rightmove has been accused of trying to shut down its competition by removing a free online estate agent from its property listings. Owner Sellers, an estate agent which charges no commission, has been de-listed from Rightmove for allegedly breaching its terms and conditions, but has said the allegations are false. Read more: This is how sterling's [...]
The smartphone obsession is escalating: Britons are checking their phones 85 times a day – and nowhere is sacred anymore October 14, 2016 Britons' obsession with smartphones is reaching new heights. Or, perhaps, plumbing new depths. The average UK adult checks their phone 85 times a day, according to new research. And no where appears to be out of bounds, either, the study of 2,000 commissioned by mobile game studio Project M found. Read more: With consumers glued to [...]
Construction industry still struggling for momentum October 14, 2016 British builders downed tools over the summer, as construction output missed economists' expectations in the wake of the EU referendum. Activity in the sector, which accounts for around six per cent of the UK economy, dropped by 1.5 per cent between July and August, the Office for National Statistics (ONS) confirmed this morning. The fall [...]
Forget pumpkin spice lattes, now you can get beer in your Starbucks coffee with its Espresso Cloud IPA October 14, 2016 Forget pumpkin spice lattes and Christmas-themed cappuccinos, Starbucks has taken its drink innovation to a whole new level this autumn – though it might be one you want to skip for your 8am coffee. Coffee lovers and craft beer aficionados might want to stop reading now – some of you might find this news a little difficult [...]
Be afraid: Market volatility and the fear index are on the rise October 14, 2016 After a surprisingly quiet summer, nerves have returned to the financial markets and volatility is on the rise. In the UK, the FTSE 100 has moved by more than 0.5 per cent on 10 of the last 13 days and sterling has suffered some chunky jolts back-and-forth, often crashing through multiple resistance points in single trading sessions. [...]
Yorkshire Building Society has announced its new chief executive October 14, 2016 Yorkshire Building Society has appointed Mike Regnier, its chief customer officer, as its new chief executive. Regnier joined Yorkshire Building Society in 2014 and will move into the top job at the lender on 1 January next year. Read more: High street building society to close branches Chirs Pilling, the current chief executive, said in June [...]