Rio Tinto sells Australian coal mine Bengalla for $606m September 30, 2015 Mining giant Rio Tinto is selling its stake in its Australian coal mine Bengalla for $606m (£399m). The 40 per cent stake has been bought by specialist miner New Hope Corporation. Bengalla is the smallest of three coal mines in the Hunter Valley in which Rio Tinto holds an interest. Deutsche Bank advised Rio on [...]
London house prices: This London Underground map shows average rent at each Tube stop on the District, Central, Northern, Victoria, Piccadilly, Bakerloo, Jubilee and Metropolitan Line September 30, 2015 Ever wanted to know where in London offers the best trade off between commute time and how much you spend on your flat or house? A new map has been put together that could help with exactly that conundrum. Property search engine Find Properly has crunched the numbers to create an interactive graphic [...]
Labour party conference: Globalisation, digitisation, technological development and entrepreneurship are the forces of the future. Corbyn would be well advised to embrace them September 30, 2015 "Well, that could have been worse." That was the response of one senior business figure on the south coast after Jeremy Corbyn’s first conference speech as Labour leader. Perhaps learning lessons from his predecessors, Jeremy Corbyn has gone out of his way over the last few days at party conference to try and start [...]
VW emissions scandal: First UK legal move against Volkswagen as law firm Leigh Day calls for “full refund” over emissions-cheat cars as car giant admits 1.2m British cars affected September 30, 2015 A UK law firm has made what is thought to be the first legal move against Volkswagen in the wake of the emissions cheating scandal, as the car giant admits that almost 1.2m UK cars may have been fitted with the cheat device. Volkswagen said this morning that more than 508,000 VW passenger cars sold [...]
Russia votes to put ground troops in Syria September 30, 2015 Russia's upper house has approved President Vladimir Putin's request to deploy ground troops to Syria. Lawmakers have given unanimous approval for the country's armed forces to enter the war-torn country, paving the way for a rapid intervention, Russia media is reporting. The Russian constitution requires the president to seek permission from the upper house before [...]
Glencore insists it is “operationally and financially robust” as share price continues to tumble September 30, 2015 Glencore has issued a statement insisting it is "operationally and financially robust" as the mining giant struggles to overcome its recent woes. The Anglo-Swiss commodities trader – whose share price has fallen more than 73 per cent since the start of the year, making it by far the worst performer on the FTSE 100 [...]
Go Home on Time Day: We’re all working way too long – and fathers are the worst at leaving the office on time September 29, 2015 Leaving work on time is becoming "a novelty" rather than the norm – and fathers aged between 36 and 45 are most likely to stay in the office outside of their official hours, new research suggests. Nearly two-thirds (60 per cent) feel we are forced to put in extra hours to get the job done, [...]
Union blasts TfL for “expensive scabbing operation” to keep Waterloo and City Line running on 28 to 30 September September 29, 2015 Transport for London has been blasted for launching an "extensive and expensive scabbing operation" as the network attempts to keep the Waterloo & City Line running in the wake of a 48-hour strike. The action, which started at 9pm last night, is expected to have "no visible impact". TfL claims just three people voted in favour [...]
Labour will “democratise” not “nationalise” Britain’s energy sector, says shadow secretary Lisa Nandy September 29, 2015 Jeremy Corbyn's newly-appointed shadow energy secretary has said that Labour wants to "put people back in charge" of Britain's energy supply. In a speech to the Labour party annual conference in Brighton this morning, Lisa Nandy said she would "democratise" rather than "nationalise" the energy market. "Jeremy and I don’t want to nationalise [...]
Findel share price soars as Sports Direct takes 19pc chunk of Kitbag parent September 29, 2015 Sports Direct has taken an 18.9 per cent stake in Kitbag parent company Findel, almost a year after Mike Ashley first started eyeing up the football strip retailer. The move comes as Findel confirmed it had received an approach for the sports retail business from an unnamed third party and had “agreed terms, subject [...]
