US oil hits seven month high as both West Texas Intermediate and Brent crude trade around $50 a barrel May 25, 2016 US oil hit its highest price in over seven months this morning, rising to as much as $49.35 in early trading, after industry data pointed to a larger-than-expected drop in US crude inventories last week. Brent crude was also up, hitting a high of $49.26. Data from the American Petroleum Institute showed that US crude [...]
Greek debt crisis: Eurozone strikes deal with Greece for €10.3bn bailout May 25, 2016 The Eurozone hammered out a €10.3bn (£7.9bn) bailout deal with Greece in the early hours of this morning. European finance ministers hailed the deal as a breakthrough, given that it carries with it a commitment from the International Monetary Fund (IMF) to return to taking part in the bailout. The IMF coming back on board [...]
Dubai opens the world’s first 3D-printed office building May 24, 2016 Dubai says it has opened the world's first 3D-printed office building – and the emirate wants 25 per cent of its buildings to be printed by 2030. The new, city-centre offices were created using a special mixture of cement, the Dubai government said, with reliability tests carried out in Britain and China. The arc-shaped construction was built in [...]
Sportech share price jumps as court refuses HMRC appeal over Spot the Ball taxes May 24, 2016 Shares in pools operator Sportech have jumped by over 15 per cent today, after its success in the latest round of its legal battle with Her Majesty's Revenue and Customs (HMRC). The Court of Appeal has refused HMRC permission to appeal its judgment in favour of Sportech relating to a £97m tax repayment claim to the Supreme Court. The [...]
De La Rue reports rise in revenue but dip in profits May 24, 2016 Banknote printer De La Rue has reported revenue growth for the year to 26 March 2016, as the company continues with a concerted five-year turnaround attempt. The almost 200-year-old business is moving away from cash printing and plans to grow its identification side, using many of the same techniques it uses to make bank notes secure. [...]
UK Mail Group reports disappointing results for 2016 following difficulties with facility move May 24, 2016 UK Mail Group's pre-tax profit was halved in the 2016 financial year, following what the company described as a "challenging" year, after difficulties arising out of its move to a new, automated facility in Ryton in July 2015. The figures Profit before tax was £10.7m, compared with £21m in 2015. This was in line with the [...]
Bricklayers earning up to £1,000 a week as construction wages skyrocket fuelled by recruitment crisis and Brexit fears May 24, 2016 A combination of Brexit fears and a recruitment crisis in the construction industry has pushed wages up – so much so that bricklayers can now earn up to £1,000 a week. New research out today from the Recruitment & Employment Confederation (REC) shows that more than six in ten recruitment agencies (63 per cent) say that [...]
Professor Philip Booth to step down from the Institute of Economic Affairs after 14 years May 23, 2016 Professor Philip Booth, the academic and research director at the Institute of Economic Affairs (IEA) is stepping down from his role after 14 years. He is leaving on 7 November to take up the role as director of research and public engagement at St Mary’s University, but will remain at the IEA for one day a [...]
London ad agency VCCP expands into the US with acquisition May 23, 2016 London advertising agency VCCP has expanded into the US, with the purchase of a San Francisco based firm. VCCP is owned by Chime Communications, which was bought for £347m last year by Sir Martin Sorrell's WPP and Providence Equity Partners. It has purchased MUH-TAY-ZIK | HOF-FER, an ad agency which counts Audi and Netflix among its [...]
Bricklayers earning up to £1,000 a week as construction wages skyrocket fuelled by recruitment crisis and Brexit fears May 23, 2016 NULL
