British superyacht sector cruises ahead with revenue up by 10pc September 23, 2015 Superyachts are riding the wave of the UK’s economic recovery, research released today shows. The British superyacht industry’s revenue grew to £542m in 2014/15, up by 10.2 per cent from last year, according to statistics from trade body Superyacht UK. The research also shows that the industry now employs 4,000 full time workers, up 6.9 [...]
BT promises faster and wider broadband internet coverage as fight kicks off between TalkTalk boss Dido Harding and BT CEO Gavin Patterson September 23, 2015 A war of words broke out between the UK’s telecom firms again yesterday, as TalkTalk boss Dido Harding accused BT chief executive Gavin Patterson of “grandstanding” with a series of pledges to improve broadband service unveiled yesterday. The BT boss said the company wants to “forge an ultrafast future for Britain and stand ready to [...]
Card Factory delivers a record profit but warns on wage rise September 23, 2015 Discount greetings card chain Card Factory reported a bumper first-half yesterday but became the latest retailer to warn that the government’s minimum wage rise could weigh on margins next year. The Wakefield-based company, which made its market debut in May last year, said pre-tax profits soared 72.3 per cent to reach £25.7m in the six [...]
London tops 2015 global financial centre rankings and knocks New York into second place September 23, 2015 London is the world’s leading financial centre according to a global study published today, after wrestling back the top spot from New York. The City benefited from renewed political certainty following May’s General Election, the authors say. Yet they warn that, despite storming back to the top of the rankings, London faces future [...]
Capital One Cup exit leaves sour taste for Bilic as West Ham fall in extra-time September 23, 2015 West Ham boss Slaven Bilic rued a missed opportunity to initiate a sustained challenge in a domestic cup competition after failing to withstand the Leicester tide during the Capital One Cup third round last night. Hammers goalkeeper Adrian made a string of crucial saves but was powerless to deny midfielder Andy King in extra-time [...]
London house prices: Flats in the capital cost 67pc more than in 2005 and are set to keep climbing September 23, 2015 London flat prices have outstripped every other property type in every other region of the UK over the last decade, according to research published by a major mortgage provider this morning. Affordability is set to continue falling as data from HMRC yesterday showed the market was hotting up with 106,480 homes sold during August – [...]
Volkswagen emissions scandal and recall will rock public trust in business – The City View September 22, 2015 For much of the past few years the debate around trust in business has focussed on financial services. The case for the prosecution is well known and the roll-call of shame (Libor rigging, forex scandals, PPI mis-selling) should never fail to serve as a reminder of the damage caused when individuals and institutions consider [...]
Presidential candidate Hillary Clinton puts Keystone XL oil pipeline and pharmaceutical industry in the firing line September 22, 2015 Presidential hopeful Hillary Clinton finally announced last night that she opposed the Keystone XL oil pipeline, which is to transport Canadian oil to refineries on the Gulf of Mexico via Nebraska. She said in a meeting in Iowa that it was “a distraction from the important work we have to do to combat climate change”. [...]
UK housing market: Interest-only home loans going out of fashion as take up slumps, say Council of Mortgage Lenders September 22, 2015 Warnings that interest-only mortgages are a “ticking time bomb” appear to be filtering through to the market, with figures out yesterday showing a 16 per cent drop in the number of such loans outstanding. A quarter of the reduction is the result of loans reaching maturity and being redeemed while a further 40 per cent [...]
Manufacturing growth grinds to a halt as foreign demand deteriorates September 22, 2015 Sam DumMANUFACTURING output growth has stalled this month for the first time since February 2013 as export orders fell to a six month low, according to survey data released by the Confederation of British Industry (CBI) yesterday. Rising output growth was seen by 26 per cent of firms in the three months to September, while [...]
