Irish services PMI pushed down by Brexit October 5, 2016 Ireland's services sector grew at its slowest pace in over three years in September as companies reported less customer interest as a result of the UK's Brexit vote. Ireland is widely considered to be the most at risk from Britain's decision to leave the EU given its close trade ties. The Investec Purchasing Managers' Index [...]
The Bank of England should follow Dr Seuss’ example and publish simpler reports October 4, 2016 The Bank of England (BoE) needs to simplify its speeches and reports, a researcher at the institution has said – and he pointed to beloved childrens' author Dr Seuss as the perfect example for the Bank to follow. People writing in the financial industry put too many long words in long sentences, according to Jonathan Fullwood, from [...]
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 [...]
Southern rail services subject to delays and cancellations due to fire next to track at Streatham October 4, 2016 Commuters using Southern rail services should be prepared for delays, alterations and cancellations after a fire next to the track at Streatham. The rail operator closed all its lines earlier this morning, following the fire. ⚠️ Due to a fire next to the track at #Streatham all lines are blocked. — Southern (@SouthernRailUK) October 4, [...]
London travel disruption: Services in and out of Marylebone Station severely delayed due to cable fire October 4, 2016 Rail services in and out of London Marylebone could be severely disrupted until the end of service tomorrow, National Rail has warned, due to a cable fire earlier today. The rail service said it is "not known how services will be affected tomorrow", but disruption is expected to continue until the end of the day. #Marylebone – Major [...]
Sterling drops below post-Brexit vote low to its weakest since 1985 October 4, 2016 Sterling has dropped this morning to its weakest since 1985, dipping by 0.5 per cent to $1.2779. The pound has been in decline since Prime Minister Theresa May announced the timetable for Brexit negotiations over the weekend, and plunged even further this morning. Sterling has also been pulled down by concerns over the possibility of a [...]
Greggs issues healthy trading update as customers opt for salads over sausage rolls October 4, 2016 Greggs said today that its healthier options had helped boost sales over the summer, as customers shunned sandwiches and pastries in favour of salads. Sales were up 2.8 per cent like-for-like in the 13 weeks to 1 October, in line with the group's expectations. The rate of growth has dipped from the 4.9 per cent [...]
What will your bank be called after RBS restructures? September 30, 2016 Royal Bank of Scotland Group (RBS) customers could see the name of their bank change, when the lender restructures to comply with UK ring-fencing regulations. RBS today set out its plans for the reshuffle – here's what the group is moving, and what the new entities will be called. RBS becomes Adam & Company… but not [...]
Sainsbury’s hires former Boots boss as retail and operations director September 30, 2016 Supermarket Sainsbury's has hired a veteran of the UK retail sector as its new retail and operations director. The company has appointed former Boots managing director Simon Roberts to the role. Roberts was most recently executive vice president of pharmaceutical retailer Walgreens Boots Alliance and president of Boots in the UK & Ireland. Prior to that, [...]
