Pound rises as industrial production climbs to six-year high February 10, 2017 The pound climbed back above $1.25 in morning trading, after official figures showed industrial production in the UK reached a six-year high in December. The Office for National Statistics' index of industrial production rose to 106.03 in December, its highest since January 2011, when it hit 106.16. The figures showed total production rose 1.1 per [...]
UK construction output beat expectations in December February 10, 2017 UK construction output beat expectations in December, rising 1.8 per cent on the month before, compared with forecasts of one per cent. Official figures published this morning showed output was up 0.6 per cent on the year before – and 0.2 per cent on a quarterly basis. The rise was largely driven by private commercial work, which [...]
Yawn: The FTSE 250 has hit another record high February 10, 2017 The FTSE 250 hit a record high this morning, after investors' interest was piqued by Donald Trump's promise of a "phenomenal" tax announcement. The index sprang to 18,670 points in the minutes after the market opened, pushed higher by chemicals giant Elementis, whose shares jumped 9.5 per cent to 301p after it unveiled plans to [...]
Property tycoon Vincent Tchenguiz is about to get a new superyacht – but not in time for Mipim February 10, 2017 As annual property knees-up Mipim approaches, many of the industry's big dogs are polishing up their gin palaces – but word reaches us Vincent Tchenguiz will just miss out on showing off his brand new, €22m superyacht at the event in March. Property tycoon and Annabel's regular Tchenguiz, best known for his triumphant crusade against the Serious [...]
Trump: I’ve got a corporate tax reform coming. It’s the best corporate tax reform. It’s just phenomenal. February 9, 2017 Airline shares rose this afternoon after it emerged Donald Trump is planning a "phenomenal" tax announcement in the next couple of weeks. At a meeting with airline bosses this afternoon, Trump promised to ditch "burdensome regulations" and said a corporate tax announcement in the next couple of weeks will "lower the overall tax burden of [...]
Revealed: London’s 40 first-time buyer hotspots February 9, 2017 Looking for a place to call your own in the capital is tough if you're a first-time buyer – although house price growth is lower, most places are still out of reach. But new research has listed the 40 areas in London where first-time buyers are still thriving, with prices in some of the most [...]
Four stations, 65,000 extra journeys and 25,000 homes: TfL just gave us more details about its massive Bakerloo Line extension February 9, 2017 Transport for London (TfL) has set out new details about its much-anticipated Bakerloo Line extension, which will stretch from Elephant and Castle to Lewisham. TfL's plans include four new stations – two on Old Kent Road, one interchange at New Cross Gate and one at Lewisham, although it added there is potential for a further [...]
End of days: Waitrose is closing six of its stores February 9, 2017 Is this the end of the middle classes as we know them? Waitrose is planning to close six stores, putting 500 jobs at risks, it has been reported. The supermarket, beloved of the chattering classes, has begun consulting with staff at six locations in Hertford, Staines, Leek, Huntingdon, Cardiff and Palmers Green (although the latter [...]
The bastard’s guide to business: How to grow a company the Ray Kroc way February 8, 2017 Ray Kroc may be the man who created arguably the western hemisphere's most recognisable symbol – but he wasn't always nice about it. In new movie The Founder, Michael Keaton stars as McDonald's founder Kroc, telling the story of his unlikely rise from small-time milkshake mixer salesman to big bucks entrepreneur after he was dazzled by Mac and Dick [...]
Asda is turning friend against friend with this saucy ketchup poll February 8, 2017 Remember that time #thedress caused rifts in families, turned friends against each other and generally broke the internet? Now Asda has done it again, causing a condiment conundrum by asking one simple question: do you keep your ketchup in the fridge? Yesterday the supermarket said one of its stores had begun experimenting with storing ketchup in both [...]
