Donald Trump has beaten Nigel Farage to be named Time magazine’s Person of the Year December 7, 2016 Donald Trump has been named Time magazine's Person of the Year -the person deemed to have "most influenced the year’s news, for better or worse". The US President-elect snatched the top spot ahead of his buddy from this side of the pond, Nigel Farage, who also made the shortlist this year, for having "[positioned] the referendum [...]
Monte dei Paschi shares jump 10 per cent on bailout hopes December 7, 2016 Shares in Italian bank Monte dei Paschi di Siena soared more than 10 per cent today on rumours that the Italian government is preparing a rescue bid. According to reports, Italy will take a €2bn (£1.7bn) controlling stake in the country's third biggest bank. The surge in the bank's shares is a turnaround from the stock's [...]
Severe delays on District Line between Edgware Road and Wimbledon and Barking to Upminster December 7, 2016 There are severe delays on the District Line this morning, between Edgware Road and Wimbledon and from Barking to Upminster. Services between Earls Court and Ealing Broadway/Richmond are also subject to severe delays. Transport for London said the disruption was caused by a late finish to engineering work. https://twitter.com/districtline/status/806407123986948096 https://twitter.com/districtline/status/806400693833764865 Meanwhile, severe delays persist on the Piccadilly [...]
Carillion says it’s on track to meet expectations but profit from PPP projects will decline December 7, 2016 Carillion said today that it is on track to meet expectations in its results for the year, with strong growth in revenue and profit, but added that the impact of the EU referendum and prolonged oil price had hit its order book in the second half. The construction services group said new orders plus probable orders [...]
IG Group share price drops 39 per cent, Plus500 down 27 per cent CMC Markets loses 35 per cent as City watchdog moves to tighten spreadbetting rules December 6, 2016 Shares in spreadbetting firms have tumbled in early trading on the news that the City watchdog is planning to tighten rules around contract for difference (CFD) products. By mid-afternoon, IG Group's stock had dropped 39 per cent, while shares in CMC Markets were down 35 per cent, and Plus500 had fallen 27 per cent. The Financial Conduct [...]
IG Group and CMC Markets are ‘collateral damage’ in FCA’s bid to protect customers, analysts say December 6, 2016 The regulator's plans to ramp up rules for companies selling contract for difference (CFD) products will be harmful to spreadbetters, regardless of whether they were the intended target of the watchdog, analysts warned today. The Financial Conduct Authority (FCA) this morning outlined plans to tighten the rules around CFDs, including spread bets – and shares [...]
Spreadbetters respond to the FCA’s new rule proposals December 6, 2016 Spreadbetting firm IG Group has responded to the City watchdog's proposed new rules for contract for difference (CFD) products, which have knocked 30 per cent off its share price at pixel time. The Financial Conduct Authority (FCA) wants to impost tighter rules on CFDs sold to customers, including spread bets. Shares in IG, CMC Markets and Plus500 [...]
Delays on Thameslink services due to fire at Gatwick Airport December 6, 2016 Thameslink services are subject to serious delays this morning, due to a fire near the train tracks at Gatwick Airport. ⚠We have just had it confirmed that the fault is with the third rail at #GatwickAirport which is blocking platform 1 https://t.co/MHuwsfH5I4 — Thameslink (@TLRailUK) December 6, 2016 The disruption comes as commuters grapple with delays [...]
Planned City skyscraper 22 Bishopsgate taken down a notch over fears of plane crash risks December 6, 2016 A new skyscraper planned for the City has had to knock a few floors off the top, over fears that cranes used to build it could pose a risk to flights over London. New plans have been submitted to reduce 22 Bishopsgate's height by four floors, or 22m, according to Construction Enquirer, meaning the tower [...]
