The cost of groceries fell once again in September as the supermarket price war waged on October 4, 2016 The cost of a basket of shopping fell again in September as the supermarket price war continued to take its toll on retailers' margins. According to research by comparison website mySupermarket, a basket of popular grocery items came to £83.19 in September, an annual drop of £2.74 and a month-on-month drop of 16p. Read more: Sainsbury's share [...]
IAG is on the hunt for high-flying startups to join a new accelerator October 4, 2016 International Airlines Group (IAG) has launched Hangar 51, a global accelerator programme, to sniff out the best budding aviation startups. The parent company of British Airways, Iberia and Aer Lingus is inviting new firms to pitch for a chance at joining Hangar 51, where they will work with the airline group to create “next generation [...]
Creating new employment law for Deliveroo and Uber workers won’t be easy, but someone’s got to do it October 4, 2016 The Deliveroo and UberEats protesters, who were making a stand over their pay packets, must feel vindicated. Theresa May has now appointed Matthew Taylor, an ex-head of the Number 10 Policy Unit, to review legal rights for those people working in the gig economy. While all this sounds promising, it's going to be a titanic [...]
Here are Sadiq Khan’s new plans for East London river crossings October 4, 2016 The Mayor of London has unveiled new plans for river crossings to be built over the next five to ten years, across East and South East London. Sadiq Khan said he hopes the crossings will improve travel across the capital, as well as supporting new affordable homes and business opportunities in East London. There are [...]
One calculation shows both the UK and the US are in negative interest rates October 4, 2016 Extraordinary monetary policy and the latest extension of its money-printing bond-buying programme could have taken the Bank of England's real interest rate to as low as minus 2.5 per cent. Fresh analysis by investment outfit Hermes has found that adjusting for the impact of quantitative easing on "true" central bank rates, the UK and the US [...]
Royal Mail’s European subsidiary nets second big deal of recent months October 4, 2016 Postal giant Royal Mail has ventured into the US market by buying a next day delivery company in a deal that will cost the former state-owned company $90m (£70m). Golden State Overnight Delivery Service Inc (GSO) which operates in principally in California, was bought by Royal Mail through its European subsidiary General Logistics Systems (GLS). Read more: Royal Mail's pension scheme under [...]
Man accused of Jo Cox murder refuses to enter pleas October 4, 2016 A not guilty plea has been recorded on behalf the man accused of the killing of Labour MP Jo Cox. Thomas Mair, 53, appeared in the court via a video link from Belmarsh prison and did not respond when asked for his plea on four charges relating to Cox's death in the Old Bailey this morning, [...]
Deutsche Bank share price yo-yoing as investors await fine news October 4, 2016 Deutsche Bank's shares clipped a two-week high earlier this morning before dipping back down, as investors anxiously await news on a potential mega-settlement with the US Department of Justice (DoJ). The bank's shares are currently trading up 0.7 per cent at €11.64. However, at one point this morning, they reached €11.98, perhaps helped by JP Morgan boss Jamie Dimon [...]
Carillion seals £350m deal with Nationwide Building Society October 4, 2016 Construction services group Carillion has inked a deal to provide facilities management services for Nationwide. The contract is expected to be worth approximately £350m and has the potential to be extended for a further three years, the firm said. Shares in the company were up 3.5 per cent in afternoon trading. Under the new contract, which commences [...]