Uber has cut its prices by 15 per cent in New York City January 29, 2016 Controversial cab-hailing app Uber has cut its prices by 15 per cent in New York. The New York Post reported that the company, which is facing competition from an increasing number of similar offerings in NYC and across the world, was planning on dropping its base rate to $1.75 per mile (£1.23), from £2.15 at the moment. [...]
Chevron just posted its first quarterly loss since 2002 thanks to low oil prices January 29, 2016 Is this the surest sign yet the fall in oil prices is more than just a blip? US oil goliath Chevron has posted its first quarterly loss since 2002, saying the nearly 50 per cent drop in oil prices had hit it hard. The company posted a loss of $588m (£412m) in its fourth quarter, down [...]
In pictures: As the final Land Rover Defender rolls off the production line, here are some of its best moments January 29, 2016 For workers in Solihull, it's a historic day, as the last-ever Land Rover Defender rolls off the production line. With more than 2m of the iconic off-road vehicles made since they were first produced in 1948, the Defender has been converted into everything, from fire engines to army vehicles. It's been driven into water, over perilous terrain [...]
London’s first driverless cars will be trialled this summer as Heathrow’s autonomous “pods” hit the streets of Greenwich January 29, 2016 Forget Google and its Californian experiments – driverless cars are about to come a lot closer to home, after a project announced plans to trial autonomous vehicles in Greenwich this summer. The Gateway project said three British companies – Westfield Sportscars, Heathrow Enterprises and Oxbotica – will work together to develop "pods" based on the ones [...]
Crazy London house prices have pushed Aim-listed Formation Group’s revenues up almost 200 per cent January 29, 2016 London’s buoyant property market has helped construction management firm Formation Group report revenue growth of 199 per cent for the year ending 31 August 2015. Group revenues rose to £23.7m over the period, compared with £7.941m the previous year, while profits before taxation were £2.2m from continuing operations, up from a 2014 loss of £99,000. [...]
What is the age at which we feel busiest? The answer is surprisingly young – and we’re getting busier January 29, 2016 What with kids, an ageing population and various scary financial commitments, you'd have thought the older we get, the busier we'd feel – but it turns out the age at which we feel most put-upon by demands on our time is surprisingly youthful: 29. Research by personal concierge service Henchman found family commitments, work and personal admin [...]
FTSE 100 hovers close to 6,000 after Bank of Japan unveils shock interest rate cut January 29, 2016 The FTSE briefly edged above 6,000 points again this morning as investors cheered a shock decision by the Japanese central bank to cut one of its main interest rates to negative. The bank cut its benchmark rate to -0.1 per cent, effectively meaning it will charge lenders interest for excessive reserves parked in its coffers. The news caused Japanese [...]
London house prices: Housebuilding is falling in the capital – so rip up planning rules and start again January 29, 2016 Help to Buy. The Help to Buy Isa. NewBuy. Right to Buy. Shared ownership. As the housing crisis worsened in recent years, there was no shortage of government schemes aimed at helping first-time buyers reach that crucial bottom rung on the housing ladder. In the capital, it is becoming increasingly obvious gentle encouragement from George [...]
Literally everything you need to know before you start filling in your online self-assessment tax return January 28, 2016 Congratulations, you survived Christmas and New Year: time to put your feet up while waiting for the Rio Olympics? Nope. The deadline for submitting your self-assessment tax return (SATR) online is 31 January. And there are penalties if you don’t make it, or if HM Revenue and Customs (HMRC) takes the view you haven’t taken [...]
FCA and PRA confirm they will investigate former HBOS senior managers January 28, 2016 The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have confirmed they will start investigations into "certain former HBOS senior managers", after the bank collapsed in 2008. The news comes just over two months after a landmark report recommended the regulators re-assess their decision not to launch criminal proceedings against former HBOS bosses, including [...]
