London City Airport runway “hole” creates travel havoc as flights are still being delayed and cancelled several hours on May 19, 2015 Passengers were left stranded for hours this morning after a hole opened up on a runway at City Airport, resulting in widespread delays and cancellations. The airport, heavily used by business travellers, confirmed it had to perform “emergency runway maintainance” shortly before 7:30am today, leaving thousands of travellers stranded with little sense of when [...]
Grexit odds have shortened again May 19, 2015 If Alexis Tspiras is a betting man he might be hoping for better odds than these. Bookmaker Paddy Power now believes there is a 40 per cent chance of Greece leaving the Eurozone this year. The odds of a Grexit have been shortening across the board. Paddy Power has it priced at 6/4, while [...]
UK deflation: Why the normal rules just don’t apply May 19, 2015 Today, it was announced that the UK is in a period of deflation. It will almost certainly be a brief period. On the face of it, there is not much difference between the price level being stable and the price level falling by 0.1 per cent a year. At that rate, it would take [...]
RHS Chelsea Flower Show highlights from Prince Harry’s Sentebale garden and the M&G Garden to hot tip Laurent-Perrier Chatsworth May 19, 2015 Yesterday saw a triumphant start to the UK's premier garden exhibition, which is a sell-out event once again. The royals came out in force yesterday at the exclusive preview gala celebration for the Chelsea Flower Show. As well as the Queen, the cortege included the Prince of Wales and Duchess of Cornwall, The Duke [...]
Dan Jarvis throws weight behind Andy Burnham in Labour leadership contest May 19, 2015 Dan Jarvis, the Labour MP seen as a dark horse contender for the leadership contest, has thrown his weight behind shadow health secretary Andy Burnham. Jarvis, MP for Barnsley Central and a former British army officer, said the party had suffered a “tragedy” during the General Election, in which the Conservatives rose to a [...]
The Brexit effect begins: Deutsche Bank forms working group to consider impact of UK leaving the EU May 19, 2015 Deutsche Bank is considering pulling chunks of its operations from the UK in the event of a Brexit, ahead of the EU referendum committed to by the Conservatives during the General Election. The German lender has reportedly put together a working group comprising execs from its risk, strategy, UK management and research teams, to [...]
This is when you’re most likely to be burgled May 18, 2015 Wednesday mornings are usually associated with the sluggishness of so-called hump-day, but now there's another reason to hate getting up in the middle of the week: it turns out that's when you're most likely to be burgled. Research suggests that almost one in five (18 per cent) burglaries take place on Wednesday morning, with 71 [...]
Alibaba dismisses Kering lawsuit over faked goods as “wasteful litigation” May 18, 2015 Alibaba has dismissed the lawsuit brought by luxury giant Kering over counterfeit merchandise as “wasteful litigation”, saying it will fight the case “vigorously”. Kering, which owns high end brands such as Gucci, Alexander McQueen, Saint Laurent and Balenciaga, is suing the Chinese etailer over claims it is complicit in the sale of fake handbags, watches [...]
Global finance chiefs urge policy makers to ward off bubble risks May 18, 2015 Chief executives, chairmen and senior executives of some of the largest banks in Europe and the US have warned of the potential for unforeseen risks caused by policy makers attempting to avoid future financial crises. Douglas Flint, group chairman of HSBC, UBS chairman Axel Weber, Deutsche Bank's co-chief executive Anshu Jain, Larry Fink, chief [...]
Google is racing (at 25mph) ahead in the self-driving car wars May 18, 2015 Fed up waiting for Tesla's self-driving car to emerge? Us too. Luckily Google has the answer. The Silicon Valley giant is releasing its prototype fleet of self-driving cars this summer ahead of a “small pilot” in the coming years. According to Chris Urmson, director of Google's self-driving car project, “a few” of the vehicles [...]
