Kier Group offloads Mouchel Consulting to WSP Global in £75m deal October 12, 2016 London-listed construction firm Kier Group has sold Mouchel Consulting to Canada-based WSP Global for £75m. FTSE 250-listed Kier acquired the engineering, environment and asset management consulting branch as part of its £265m takeover of infrastructure company Mouchel last year. The tie-up put Kier in control of around a third of the UK's road network and boosted its [...]
Is this as good as it gets for manufacturing in the Eurozone? October 12, 2016 The march of the Eurozone's makers sped up over the summer as industrial production rose across the single currency bloc. Manufacturing output jumped by 1.6 per cent in August, ahead of expectations and up from a stumble in July which saw activity slip. The four biggest members of the 19-member Eurozone all reported growing activity, [...]
More than 64 per cent of Brits reluctant to buy property near fracking sites October 12, 2016 More than 64 per cent of Britons would not buy a home located near to a fracking site, according to new research released today. The OnePoll survey conducted by House Extension Online, which involved 1,000 respondents, also showed 21 per cent were somewhat unlikely to consider buying a home near a fracking site, while 43 per cent stated [...]
Interactive Investor announces takeover deal to create UK’s second largest online broker October 12, 2016 Interactive Investor has agreed a takeover deal for TD Bank’s European direct investing business to form the UK’s second largest online broker. The transaction, which will create a firm with 300,000 customer relationships and assets under administration of £18bn, is being financed by JC Flowers & Co funds. Read more: Star manager Woodford invests £21m in brokers AJ Bell [...]
Sterling hit its lowest level on record last night October 12, 2016 The pound fell to its lowest ever level during yesterday afternoon's brutal sell-off as the currency remains under intense pressure. Sterling, which has been suffering at the hands of nervy traders keeping both eyes on every utterance from Prime Minister Theresa May, hit its weakest mark on the Bank of England's "effective exchange rate index" [...]
David Cameron has revealed his first job since resigning as prime minister and an MP October 12, 2016 It's now been three and a half months since David Cameron resigned from his role as prime minister on the steps of Downing Street, hours after the pro-Brexit vote was announced. And after additionally resigning as an MP last month, the former PM has finally announced his first new role outside of parliament. Cameron will become chairman [...]
Thousands of Londoners flee the capital in search of cheap homes October 12, 2016 Tens of thousands of people leave London for a new life in the sticks every single year, new figures from the Office for National Statistics (ONS) have shown. More than 310,000 Londoners moved away from the capital between 2011 and 2015, the ONS said, with most other major cities also seeing Britons flee in search [...]
Zoopla’s new offices have a wine cellar and a weird fake swimming pool October 12, 2016 Zoopla has moved into fancy new offices near Tower Bridge which boast a wine cellar, and a swimming pool (which actually seems to be a presentation room). The property portal – which also owns websites uSwitch and PrimeLocation – has taken up a space of 45,000 square feet for its 500 London staff. The company [...]
London Chamber of Commerce warns a “dramatic rethink” is needed on London traffic October 12, 2016 The London Chamber of Commerce and Industry (LCCI) has said a “dramatic rethink” is needed when it comes to London traffic and how it’s managed. It has made recommendations in a submission to the London Assembly's Transport Committee congestion investigation, noting the capital was fast approaching "mega-city status". It also warned congestion measures previously introduced – such as [...]
Watch out Spotify? Amazon’s music streaming service has arrived October 12, 2016 Amazon will give Spotify and Apple a run for their money in the world of music streaming with the launch of a long-rumoured streaming service. Amazon Music Unlimited will offer access to music for as little as $3.99 (£3.26) per month in the US and is incorporating the service into its Prime offering, which already gives customers a vast array [...]