Four arrested in Luton on suspicion of being involved in the “commission, preparation and instigation of acts of terrorism” December 2, 2015 Four men have been arrested in Luton this morning, on suspicion of committing offences under the Terrorism Act. The men, who are all in their 30s, were arrested on suspicion of being involved in the "commission, preparation and instigation of acts of terrorism". They have been taken into custody at a London police station. Searches are now [...]
Labour MP Diana Johnson claims to have received threatening email over Syria airstrikes as protesters gather outside Stella Creasy’s house December 2, 2015 Labour MPs have been sent threatening emails, faced crowds of protesters gathering outside their house, and even had their own councillors call for them to be deselected if they vote in favour of airstrikes in Syria today. Hull North MP Diana Johnson has received an email saying those who voted in favour of the government's plan would face [...]
Moneysupermarket share price drops as founder Simon Nixon reveals plans to leave as he sells £98m-worth of shares December 2, 2015 Moneysupermarket's share price fell this morning as it was revealed founder Simon Nixon is stepping down from the company he set up in 1993, having just sold off a further 32m shares in the business. The entrepreneur is presumably feeling pretty epic. The sale of the shares, which represented around 5.8 per cent of Moneysupermarket's [...]
Findel one step closer to blocking Sports Direct’s plan to shake up board, as shareholderse Toscafund, Schroders and River & Mercantile agree to vote against resolution December 2, 2015 At least three of Findel's major shareholders have said they will vote against a resolution that would put a Sports Direct-nominated director on the company board, taking the total number of votes expected to go against the move to nearly 44 per cent. Sports Direct (SDI) took a 19 per cent stake in the company, which [...]
Zoopla’s share price rises as property group reveals strong full year results and sets confident outlook for next year December 2, 2015 Confidence in Zoopla's future buoyed the group's share price to more than 245p this morning, taking its market cap to more than £1bn for the first time in months. Shares in the FTSE 250-listed firm rose more than 2.5 per cent to 245.98p in early trading, taking its market cap to £1.028bn. Revenue at Zoopla, which owns uSwitch [...]
Venezuelan President Nicolas Maduro threatens “bourgeois parasite” Heinz management over “sabotage” of economy December 2, 2015 Venezuelan President Nicolas Maduro has threatened to arrest senior members of the food group Heinz for "sabotaging the national economy". The country's leader, who earlier this year arrested a number of businessmen for "conspiring" to create long queues outside their shops, went on TV last night to warn that an inspection would be carried out against the "bourgeois [...]
Sofia airport evacuated, anti-terror officers deployed, after explosive device found in Bulgaria’s main airport December 1, 2015 Bulgarian police have shut off part of the country's main airport after finding an explosive device in the back of a van parked outside. Terminal 1 of Sofia airport has been evacuated, and flights to and from the airport have been delayed, while the safety of the area is still being determined. Specialist anti-terrorist officers have been [...]
Why does the UK have a productivity puzzle? The skills gap is one factor – but there are many more issues at play here December 1, 2015 Classical economic theory talks about three “factors of production”, land, labour and capital – the ingredients required to produce things. In a speech last month Ben Broadbent, deputy governor for monetary policy at the Bank of England, correctly identified changes to the labour market as one of the causes of weakness in productivity growth [...]
UK GDP growth for 2015 will be weaker than last year, says Office for National Statistics December 1, 2015 The UK's GDP is still growing – but 2015 is shaping up to be weaker than 2014, according to figures published by the Office for National Statistics this morning. The economy grew by 0.5 per cent in the third quarter of the year, unrevised from the first estimate, with private spending and investment "robust". It [...]
Emergency engineering causing travel havoc for Southern commuters to London Bridge December 1, 2015 Commuters travelling into London Bridge faced severe delays and disruption this morning, thanks to emergency engineering work. Trains are being cancelled, delays, altered or diverted, National Rail has said. The work is being carried out between the major London terminus and South Bermondsey, causing delays on Southern Rail-operated trains from Croydon, Sutton and Norwood. The disruption is [...]
