Trying to sell your house? House-sellers are being forced to drop their prices – and the amount they’re cutting is rising May 9, 2016 People trying to sell their homes are increasingly having to mark down their original asking price – and the amount they are dropping it by is going up. Last month we heard that sellers in some London boroughs were having to drop prices by as much as 29 per cent, but new research suggests the issue is even more [...]
Greggs’ roll goes soft as high street weakens May 9, 2016 Sales at baking chain Greggs have softened in the first 18 weeks of the year, reflecting the high street environment, as it enters consultation on three bakeries. The figures Total sales were up 5.7 per cent in the 18 weeks to 7 May – a slight deceleration on last year's 5.9 per cent growth – [...]
Mayoral election and local council results, Leicester City, Brexit and Donald Trump: Here’s what got us talking this week May 6, 2016 A man got so bored at work he decided to sue the company over it. Beyonce ditched Lemonade for watermelon water. And there was a Boatface volte-face. Here's what got us talking this week 1) The country went to the polls Whether you were north of the border or south of it, yesterday was a miserable day for [...]
Election 2016 results live: Pressure piles on Jeremy Corbyn as Labour loses seats in local elections May 6, 2016 Update: Jeremy Corbyn has praised his party for having "hung on" in the local elections, after suffering an embarrassing set of results across the country. But pressure is piling onto the Labour leader, with the party's rebel alliance suggesting a revolt could be imminent as at least one MP saying he has a year left to turn things around. [...]
Fire on the tracks at Vauxhall Station is causing travel chaos still causing disruption – and it’s going to last for the rest of the day May 5, 2016 A fire on one of London's busiest commuter routes, which caused major disruption during morning rush hour today, is expected to continue to play havoc with people's commute well into the evening. Passengers were being warned that journeys would be cancelled, delayed by up to 90 minutes or revised as a result of the fire at Vauxhall [...]
Donald Trump plans to drop fellow dove Janet Yellen… because of her political views (not monetary policies) May 5, 2016 Donald Trump has said he will ditch Fed Reserve boss Janet Yellen "when her time is up". The Presidential candidate, who this week became the presumptive Republican candidate after his rivals dropped out of the race, has indicted he would not reinstate Yellen when her current contract ends in February 2018. In typical Trump fashion, he [...]
Centrica wants to raise £750m to buy two companies and pay down debt May 5, 2016 Update: Centrica's share price dropped more than 10 per cent today on the news it is issuing 350m shares – around seven per cent of current share capital – to help finance two major acquisitions and pay down debt. British Gas' parent company is hoping to raise £350m needed to complete the purchase of two companies and a further [...]
BT pledges double-digit dividends until 2018 as full year profits and revenues climb May 5, 2016 Revenues and profits at BT have risen during a "landmark year" for the business – the best performance in seven years – and pledged double-digit dividends as far as 2018. Investors were pleased with the news: BT's share price was up 3.2 per cent in early trading. The figures Revenues for the full year climbed [...]
BT to invest £6bn in fibre, 4G and customer service May 5, 2016 Telecoms giant BT has pledged to invest "around" £6bn over the next three years to ramp up the UK's superfast broadband and 4G coverage. The group, which revealed strong results this morning and the promise of double-digit dividends for the next couple of years, said the investment would lift the country's coverage beyond 95 per cent of the country [...]
Morrisons sales nudge up again as management “simplifies and speeds up” business May 5, 2016 Morrisons' like-for-likes have risen again, continuing the signs of green shoots emerging from the troubled supermarket. The figures Like-for-likes excluding fuel rose 0.7 per cent in the 13 weeks to 1 May. That follows on from growth registered in its Christmas trading update in January, which was the first time the supermarket had been in [...]
