Bookies odds: Who will be in Theresa May’s cabinet? July 12, 2016 As Prime Minister David Cameron chairs his last cabinet, the UK's bookies have been busy at work compiling who will make up Theresa May's new team. Ladbrokes' data wonks have been busy calculating odds and this is what we have so far. They have Chris Graying as a strong favourite home secretary, offering odds of 2/1 on [...]
Bank of England was warned over property fund trading suspensions after Brexit July 12, 2016 The Bank of England was warned that property funds could be suspended in the aftermath of a Brexit vote. The Financial Policy Committee (FPC), which is chaired by BoE governor Mark Carney, was briefed by the Financial Conduct Authority (FCA) that the “extent of outflows from these funds and on the possibility that funds could suspend [...]
Shire shares are surging after it won approval for a new dry eye treatment July 12, 2016 Big pharma firm Shire's shares are shining today after it gained regulatory approval for a new dry eye treatment. Shares jumped by 4.8 per cent at the open, though have fallen back to around 3.1 per cent higher at pixel time. Shire is planning to make the drug, called Xiidra, available up to 16m people in the US that have been [...]
Farnborough Airshow: Tui Group finalises £1.1bn order for carbon efficient Boeing planes July 12, 2016 Tourism group Tui has finalised an order with US plane-making giant Boeing worth £1.1bn, the companies announced today. The deal is to buy 10 737 MAX 8 jets and one 787-9 Dreamliner, including an option for a second 787-9. David Burling, member of the executive board and responsible for Tui Group airlines, said: "We are committed to [...]
Our prayers have been answered: There is now a “micro winery” that continuously produces wine July 12, 2016 It's the invention many of us have been waiting for. An American professor has teamed up with a university in Switzerland to develop a miniature device that will continuously produce wine – albeit at a rate of one millilitre per hour. Although many would probably want to own a device for recreational use, it has [...]
Farnborough Airshow: These are the aircraft deals announced today July 12, 2016 Despite the Farnborough Airshow being called off due to inclement weather yesterday, it was back up and running today – and a number of deals have been announced since take-off this morning. Tui Group The London-listed travel firm, owner of the Thomson and First Choice brands, has finalised an agreement worth £1.1bn to buy 10 Boeing 737 [...]
Job cuts, celebrity pay and further savings: What we learned from the BBC annual report July 12, 2016 The BBC today published its annual review for 2015/16. Here are some of the things we have learned from the report. Job cuts might not cut it During a year in which cost savings at the BBC came under close scrutiny, as the government prepared its white paper for its next royal charter period, the [...]
Victoria Line part-suspended and Finsbury Park station closed after a woman was struck by a train July 12, 2016 Finsbury Park station has reopened, and the Victoria Line is running with minor delays, after a passenger was injured earlier this morning. The station was evacuated in the middle of the morning rush-hour today and the Victoria Line was suspended between Walthamstow and Kings Cross after a person was struck by a train Fire engines and a [...]