M&G Investment provides £40m loan for 400 south east homes April 12, 2015 M&G INVESTMENTS has agreed to provide an east London housing association with a £40m loan as part of its expansion into the UK housing sector. The pension fund manager said the 30-year loan to Estuary would help build 400 homes over the next three years. Half the homes will be built in London boroughs while [...]
East Asia set to slow despite a boost from oil April 12, 2015 EAST Asia and Pacific economies will see growth edge down this year despite many countries benefitting from lower oil prices, the World Bank said today. Growth in China is likely to moderate further this year to 7.1 per cent in 2015 and 6.9 percent in 2017. It was 7.4 per cent last year. Over the [...]
British house building could be rocked by political uncertainty April 12, 2015 THE CONSTRUCTION sector is forecast to grow strongly this year, yet uncertainty from the General Election could cause a lagged effect. The Construction Products Association (CPA) yesterday said construction output is set to grow by 5.5 per cent this year, but will slow in 2016 and 2017. Growth this year will be buoyed by private [...]
Energy cost concerns revealed as complex bills are criticised April 12, 2015 ENERGY charges top consumers’ worry list of household expenses, a survey has found, while a new report has concluded that fewer people are switching supplier due to complex bills. Energy bills were stated as the household expense most worried about by 29 per cent of people. Meanwhile, the complex structure of bills is preventing customers [...]
Record commercial vehicle registrations April 12, 2015 A RECORD number of new commercial vehicles – 108,456 – rolled out on to Britain’s roads in the first three months of 2015, the Society of Motor Manufacturers and Traders said today. Figures last week showed March was a record month for new car registrations.
Zero hours, infinite rows: Is job growth stagnating or recovering? A look at Britain’s labour market April 12, 2015 Expect a screaming match this Friday – the jobs numbers are out. It isn’t every day that official statistics generate this much excitement, but we are in the middle of an election campaign. Economists expect another fall in unemployment, a decent rise in the number of jobs and another month of wages rising faster than [...]
Majestic Wine gets Naked truth from new CEO Rowan Gormley April 12, 2015 The new chief executive of Majestic Wine says he will “unleash” the retailer’s entrepreneurial spirit and shake-up its online business following the £70m acquisition of younger rival Naked Wines. Rowan Gormley founded Naked Wines in 2008 after coming up with the idea of using crowdfunding to help forward-fund independent vineyards in return for exclusive wines [...]
Games of drones intensifies as Hailo founder Jay Bregman raises more funds for Verifly venture April 12, 2015 The man behind taxi hailing app Hailo has raised £1.4m from a clutch of investors to fund a new venture developing a system to register unmanned drone flights, making them safer to be in the air. Jay Bregman, who co-founded Hailo in 2011 in London before leaving the group late last year, has been backed [...]
BAML takes aim at glass ceilings April 12, 2015 BANK of America Merrill Lynch is co-hosting a women’s career speed networking event with the Education and Employers Taskforce charity at the Tate Modern next week, for girls interested in a fledgling career in the arts. There is perhaps no better a place than the 35 metre high Turbine Hall to inspire a sky’s the [...]
Miliband’s romance web entangles top JP Morgan wonk April 12, 2015 Is all publicity good publicity? Not according to former BBC hack turned City economist Stephanie Flanders. The JP Morgan Asset Management strategist lashed out at the Sunday Times yesterday over a feature digging up a “web of romance” surrounding Ed Miliband’s former lovers (apologies, Reader, if you’re currently eating your breakfast). Flanders was named as [...]
