UK house prices: Rightmove says the average London home could cost £1m by end of the decade September 21, 2015 London house prices are climbing at such a rapid rate that the average price could hit £1m by 2020. In news that will buoy homeowners but frighten Londoners with ownership aspirations, house prices in the capital jumped 2.2 per cent this month compared with August, according to figures published today by property website Rightmove. [...]
Jeremy Corbyn to set out plans to renationalise the railways at Labour Party Conference 2015 September 21, 2015 Newly-elected Labour leader Jeremy Corbyn is expected to set out details of his plan to renationalise the railways at next week’s Labour party conference. Corbyn, who has previously said the railways should be renationalised along with Royal Mail and other entities previously owned by the government, is expected to reveal plans for bringing the [...]
Greek results September 2015: Greece’s election king Alexis Tsipras still has it all to prove – The City View September 21, 2015 Hats off to Alexis Tsipras. In hindsight, we should not have believed that the Greek PM was facing a tough challenge in his bid for re-election. True, polls showed Syriza neck-and-neck with its nearest rival – the New Democracy conservatives – but the lesson from recent history is that Tsipras has a remarkable ability to [...]
Builders blame slow planning for homes crisis September 21, 2015 SKILLS shortages, sluggish planning approvals and local opposition are hindering the UK’s builders and exacerbating the country’s housing supply crisis, new research reveals. To revive Britain’s home building, planning experts have today called for a new national approach to housing policy as a “matter of urgency”. In a survey of construction firms, slow planning was [...]
MegaBrew deal may not go down easy as hurdles remain September 21, 2015 AS THE AB InBev takeover of SABMiller grows nearer, speculation on the terms and tie-ups grows with it. There were reports that Altria, the largest stakeholder in SAB Miller with 26.6 per cent, was signalling its willingness to sell to AB InBev, by appointing Credit Suisse as finance adviser, separately to the three SABMiller has [...]
Clegg returns to the centre stage with pro-EU role September 21, 2015 FORMER deputy prime minister Nick Clegg will step back into the spotlight today when he addresses the Liberal Democrat conference as part of the party’s EU referendum campaign. Clegg stepped down as leader of the Liberal Democrats in May following the party’s devastating defeat in the General Election, which saw the Lib Dems lose 49 [...]
Osborne: Chinese firms back £2bn deal for new plant at Hinkley Point September 21, 2015 CHANCELLOR George Osborne has today announced a £2bn deal in support of a new nuclear power station at Hinkley Point in Somerset. The Treasury said that the deal would “pave the way for a final investment decision by energy company EDF, supported by China General Nuclear Corporation and China National Nuclear Corporation, later this year”, [...]
Labour MPs could go against Corbyn and back Syria strikes September 21, 2015 The Labour party could back Prime Minister David Cameron’s proposals to launch airstrikes in Syria, despite staunch opposition from the party’s new leader, Jeremy Corbyn. Shadow foreign secretary Hilary Benn said yesterday that Labour would only make a decision on whether to support strikes after Cameron sets out his proposals. Benn told the BBC: “What [...]
France’s Macron has work cut out after downgrade September 21, 2015 FRENCH economy minister Emmanuel Macron will face a bigger challenge than expected this week when he attempts to persuade British investors to back France after the country’s credit rating was downgraded by Moody’s. Macron is holding an exclusive seminar entitled “Why invest in France” on Thursday before delivering a speech at the London School of [...]
Activist Edward Bramson’s second Sherborne Investors board bid draws ire of Electra directors September 20, 2015 Directors of profitable private equity firm Electra are growing more frustrated at activist investor Edward Bramson’s attempts to join the company’s board. Bramson’s firm Sherborne Investors, which owns just under 30 per cent of Electra, last week called another general meeting so shareholders could vote on the matter. It follows a failed bid to be [...]
