EDF board members file legal challenge to Hinkley Point August 31, 2016 The Hinkley Point nuclear power station has run into more difficulties. Five EDF board members have filed a legal challenge to the company's decision to go ahead with its Hinkley Point C nuclear project in Somerset, EDF unions said today. The government last month delayed its decision on Hinkley until the early autumn, despite EDF [...]
London transport disruption: Tower Bridge is closing to traffic for three months August 31, 2016 Travelling from the City to the south side of the river is about to get a whole lot more fun – Tower Bridge is set to close to all traffic for three months. No vehicles will be allowed access to the London landmark from Saturday 1 October to Friday 30 December, while the City of London [...]
Gala Coral stays in the red in last results before Ladbrokes deal August 31, 2016 A 10 per cent uptick in revenue wasn't enough to push Gala Coral Group into the black in the 12 weeks to 2 July, with the bookmaker's losses widening ahead of its merger with Ladbrokes. The figures Net revenue was up 10 per cent to £264m in the third quarter, up from £241m in the same period [...]
House prices went up in August – but Nationwide says the outlook post-Brexit vote is “cloudy” August 31, 2016 Despite the recent Brexit vote – and changes to stamp duty rules – pouring cold water on new buyer enthusiasm, house prices picked up again in August. The Nationwide house price index for August showed prices increasing by 0.6 per cent, with annual house price growth increasing to 5.6 per cent, up from 5.2 per cent in [...]
Eurozone economic sentiment fell to a five-month low in August after June’s Brexit vote August 30, 2016 Economic sentiment among the 19 members of the Eurozone fell during August to its lowest level since March, according to new EU data. The European Commission's Eurozone Economic Sentiment Indicator (ESI) fell to 103.5 over the past month, from 104.5 in July – well below the 104.1 forecast by a Reuters poll of economists. Confidence was [...]
Four ways working will change over the next 20 years August 30, 2016 Robots, the generation gap and increased employee demands are just some of the factors expected to change the workforce over the next 20 years, according to new research. The Future of the Workforce, a report commissioned by UBS Wealth Management, sets out the four main ways in which the workforce is "set to significantly change [...]
James Bond studio Pinewood’s sale to private equity house gets green light from Financial Conduct Authority August 30, 2016 The iconic studio behind some of the biggest blockbusters of recent years – including the latest James Bond and Star Wars films – is closer to being sold to a private equity fund after getting the approval of the City watchdog. Pinewood Group, the owner of Pinewood Studios, recommended a £323.3m offer from Aermont Capital – [...]
Sterling surges after Janet Yellen rate hike remarks August 26, 2016 The pound surged against the dollar this afternoon, after Federal Reserve chief Janet Yellen said the case for a rate hike had strengthened over the past few months. Sterling went up 0.5 per cent to hit a three-week high of $1.3264 following Yellen's speech at Jackson Hole. It has since fallen back, although it's still above the [...]
Authorities to investigate changes to how WhatsApp and Facebook handle personal data August 26, 2016 The information commissioner said today that she is looking into changes to the way Facebook and WhatsApp handle customers' personal data. The messaging service, which was bought by social media giant Facebook in 2014 for $22bn (£16bn), announced yesterday that it was going to allow businesses to message its over one billion users with SMS messages. [...]
Richard Branson reveals he thought he was going to die after accident while cycling on Caribbean island August 26, 2016 Virgin Group founder Richard Branson said his life flashed before his eyes when he was in a bike accident while cycling with family on the Caribbean island of Virgin Gorda. The entrepreneur – whose own private island, Necker, lies just north of Virgin Gorda in the British Virgin Islands – recounted his harrowing experience in a blog [...]
