TCP Icap shares jump as US election result causes trading frenzy January 6, 2017 Shares in broking giant TCP Icap, formerly known as Tullet Prebon, jumped this morning after it unveiled a bumper year as investors worked themselves up into a frenzy of activity after the US election result. Shares jumped as much as 10 per cent to 484p this morning, after the company said it expected revenue to [...]
Now transport secretary Chris Grayling has waded into Southern rail peace talks January 6, 2017 The much-maligned RMT union has said it is willing to sit down with transport secretary Chris Grayling to thrash things out over its dispute with Southern rail. Millions of Southern commuters look set to endure more misery next week as the dispute between unions Aslef and RMT and Govia Thameslink (GTR), the company behind Southern, rumbles [...]
Buyer, beware: Bitcoin collecting could dig a hole in your pockets January 6, 2017 The rally in bitcoin over the past week, culminating in its rise to a three-year high yesterday, should provide vindication to policymakers in the UK over their approach to the cryptocurrency. For while other governments have adopted less-than-welcoming approaches to the technology, the UK was embracing it wholeheartedly. As bitcoin began to grab headlines in [...]
Happy housebuilders push FTSE 100 to yet another high January 5, 2017 The FTSE 100 hit yet another record high today, after it was pushed up by housebuilders following encouraging results from Persimmon. It's the second time this week the index has set an intraday record, having jumped to 7,205 points on Tuesday. However, sluggish trading caused it to slip back, and it finished just below 7,200 points, [...]
Bag a bargain: Here’s how much high-end London house prices fell last year January 5, 2017 Got a couple of million going spare? You could bag a bargain in the capital, after new research suggested top-end house prices fell 6.9 per cent year-on-year in the final quarter of 2016. Research by Savills suggested house prices in so-called prime central London, high-end areas including Mayfair, Belgravia and Chelsea, fell 2.2 per cent during [...]
UK car sales hit a record high in 2016 – but industry boss says we’ve reached peak car January 5, 2017 UK car sales hit a record high in 2016, new figures have shown – but the boss of the industry's largest body said the UK may have reached "peak car". The figures, by the Society of Motor Manufacturers and Traders (SMMT), showed 2.69m new cars were registered in 2016, up 2.3 per cent on the [...]
There’s only one way to ensure your children are as well off as you are January 5, 2017 If your sole aspiration is to ensure your little darlings are better-off than you, there's a simple way, according to a new study: just make sure you are rich. The report, by the Institute of Fiscal Studies, found most of the people with the highest incomes over their lifetimes were likely to have received an [...]
Tullow Oil finance boss to take medical leave January 5, 2017 Ian Springett, the chief financial officer at Africa-focused oil giant Tullow Oil, will take an extended leave of absence from the company in order to undergo treatment for a medical condition, the company said today. Springett will be replaced temporarily by Les Wood, Tullow's vice president of finance and commercial, who joined the company in 2014. The [...]
Three contractors just won £500m from TfL to sort out London’s roads January 5, 2017 London drivers, brace yourselves for more roadworks: Transport for London has said it has signed a £500m deal with three of the UK's largest contractors to deliver "complex, large-scale civil engineering schemes" on the capital's roads. Costain, Morgan Sindall and Skanska will spend four years working on projects to improve journey reliability, encourage cycling and [...]
It’s official: City Airport really is the only airport in London January 4, 2017 It turns out the City's favourite airport really is the only airport in London – after one of its advertising claims was upheld by the Advertising Standards Authority (ASA). London City Airport was criticised for being misleading after its assertion in a radio ad that it was "the only airport actually located in the city [...]
