British manufacturing slowed in third quarter as export growth drops to six year low – BCC October 6, 2015 British manufacturing data fell further in the third quarter, according to a new report from the British Chambers of Commerce (BCC). The BCC’s quarterly economic survey, based on nearly 7,500 responses from firms across various sectors, found that nearly all of the key national manufacturing balances remained stagnant or fell in the three months to [...]
George Osborne bags a Blairite: Lord Adonis quits Labour benches in blow to Jeremy Corbyn October 5, 2015 In a major blow to Labour, one of its most influential peers has left the parliamentary party to chair a new infrastructure commission spearheaded by chancellor George Osborne. Osborne will use his speech at the Conservative party conference in Manchester today to announce that Lord Andrew Adonis, a former minister under Prime Minister Tony [...]
Businesses raise red flag over airports expansion as Zac Goldsmith enters mayoral race October 5, 2015 British business groups are raising a red flag over the London mayoral race, after Zac Goldsmith, a noted opponent to Heathrow expansion, was selected as the Conservative candidate. Goldsmith won the party’s nomination on Friday, commanding more than 70 per cent of the vote in an open primary contest. He will square off next May [...]
T-Mobile boss ‘incredibly angry’ as data from 15m customers is leaked in Experian data breach October 2, 2015 T-Mobile boss John Legere said last night that he was "incredibly angry" about news that 15m of the company's US subscribers could have been affected by a data breach at Experian. Experian processes the mobile network operator's credit applications. The hacked data includes customers' names, dates of birth, addresses and Social Security numbers, as well as [...]
London Gatwick still battling Airports Commission over Heathrow expansion decision September 30, 2015 The of words between Gatwick and the Airports Commission showed no signs of levelling off today with Sir Howard Davies being forced to defend his commission’s final recommendation to expand Heathrow. In a letter to transport secretary Patrick McLoughlin, Davies rebuffed claims from Gatwick Airport boss Stewart Wingate about the panel’s endorsement to build a [...]
Uber at risk as Transport for London bows to pressure from taxi drivers and minicab firms September 30, 2015 Taxi drivers and rival minicab firms have been handed a boost after Transport for London (TfL) bowed to pressure and proposed a range of measures that would hammer much of Uber’s business model. A minimum waiting time of five minutes could become law – even if a car is immediately available – while sharing a [...]
Just Retirement boss Rodney Cook hails “resilient” performance in post-pension freedom market September 17, 2015 Insurer Just Retirement showed the effects of George Osborne's pension reforms yesterday, with total retirement sales down 9.9 per cent in the year to 30 June. Sales of retirement products dropped to £1.15bn from £1.27bn in what the company described as “a largely pre-Budget comparative period”. However, shares in the firm were up by 1.69 [...]
Kier Group shares dip as group announces reduced dividend despite growing revenue and profits September 17, 2015 Kier Group's share price dropped this morning after the group announced a reduced dividend per share in its results for the year. Shares were down by 4.4 per cent in early trading, however Kier boss Haydn Mursell said he expected the price to do well throughout the rest of the day. Kier's proposed full year [...]
Glencore kicks off $2.5bn placing after shares recover from record low September 16, 2015 Mining giant Glencore has launched a $2.5bn (£1.6bn) placing of up to 1,307,794,600 new shares. The placing, which represents around 9.99 per cent of the firm's issued share capital, is part of the group's plans to reduce net debt by $10.2bn, announced earlier this month. Glencore’s share price had dropped by almost seven per cent [...]
Opec ready for oil price fall to $40 a barrel: UAE December 14, 2014 Oil prices could fall as low as $40 a barrel and the Organisation of the Petroleum Exporting Countries (Opec) will still refuse to cut production, according to United Arab Emirates’ energy minister Suhail Al-Mazrouei. Speaking at the Asian Business Leadership Forum (ABLF) in Dubai, Al-Mazrouei told Bloomberg: “We are not going to change our minds [...]
