Mapped: Every skyscraper planning application in London December 7, 2015 Thanks to New London Architecture, we know London's about to become a veritable urban jungle, with 263 towers of 20 or more storeys either in planning or approved at the moment. The number of tall buildings under construction has increased to 70 in 2015, up from 45 last year. In fact, if all the new [...]
More proof the Help to Buy Isa is pointless for first-time buyers in London? December 7, 2015 The Help to Buy Isa is the government's latest wizard wheeze to help first-time buyers onto the property ladder: under the scheme, they receive a £50 government "bonus" for every £200 they spend. But the launch of the scheme, at the beginning of this month, hasn't gone down quite as well as you might expect. [...]
Fitch: Emerging market weakness won’t create a global recession December 7, 2015 The world will avoid a global recession next year, despite weakness in emerging markets, a leading credit ratings agency has said – while the Federal Reserve will hike rates four times next year In fact, its forecast for next year paints a cautiously optimistic view of the world. Here's how it sees the world in [...]
#YearonTwitter: From Paris attacks to #TheDress, the 10 subjects we talked about most in 2015 December 7, 2015 NULL
Cadbury owner Mondelez and the incredible shrinking corporation tax December 7, 2015 Cadbury owner Mondelez has come under fire over arrangements which enable it to pay no corporation tax in the UK. The legal but controversial scheme allows the company to report losses in the UK, despite millions of pounds of revenue and global profits of billions. Under a "quoted Eurobond exemption" rule, the company makes interest [...]
Pub lunches and buying a pet: The low-cost lifestyle changes you can make to be happy in middle age December 7, 2015 Alright, so the older generation may be the most well-off – but according to new research, splashing the cash won't necessarily make you happy. A study by retirement income specialist Age Partnership has put together the definitive list of lifestyle changes over-55s can make to stay happy as they get older – and it turns [...]
Serco forecasts trading ahead of expectations for 2015 – but 2016 forecast pushes share price lower December 7, 2015 Is the iceberg-bound supertanker that is outsourcing giant Serco finally turning around? The company said this morning it expects 2015 trading "ahead of previous guidance". But investors weren't impressed: shares fell 8.6 per cent to 104.4p in early trading. Perhaps that was to do with expectations of a "further decline" in both revenues and trading [...]
Electrolux share price tumbles on $3.3bn General Electric appliances merger cancellation December 7, 2015 Shares in Swedish appliance manufacturer Electrolux tumbled 14 per cent this morning, after it emerged the company won't buy General Electric's appliance business – thanks to interference from the US Department of Justice (DoJ). In a sheepish update this morning, the company said it had been notified by GE that it had terminated the $3.3bn takeover agreement, [...]
Christmas come early? Advertisers spend record amount over festive season December 7, 2015 All those mischievous cats and sad men on the moon have added up to a bumper Christmas, new research has suggested, with advertisers spending a whopping £310m on promos in December. That's a record. The figure is 7.9 per cent of total UK ad spend – up from £287m this time last year. The report also [...]
Merry Christmas: Barclays could cut another 20 per cent of investment bank jobs December 4, 2015 Barclays is planning to cut another 20 per cent of jobs at its investment bank, it has been reported. The bank has already announced 7,000 job cuts at its investment bank, but these are thought to be on top of that. Last year it slashed 2,500 jobs, and expects to make a similar number of [...]
