Oil prices shake off losses as Opec deal optimism returns October 10, 2016 Oil prices reversed earlier losses this afternoon reflecting rising optimism about an agreement among Opec producers to curb record output levels. Brent crude, the global benchmark, increased 1.35 per cent to $52.63 per barrel, while West Texas Intermediate crude swelled 1.45 per cent to $50.53. Both benchmarks had fallen in mid-morning trading. It was buoyed after Saudi Arabia's energy minister, [...]
Don’t tell the black cabs: Brits can’t get enough of Uber as UK profits and revenues double in 2015 October 10, 2016 Uber drivers in the UK raked in more than £100m in fares last year, doubling revenues and profits at the disruptive transport app. The taxi service's holding company in Britain, Uber London, recorded a 105 per cent uplift in turnover to £23.3m in 2015, according to records filed on Companies House. This was up from [...]
Donald fails to trump Hillary as Clinton storms ahead in betting polls with chances that have “never looked stronger” October 10, 2016 Some commentators have chalked up the second US presidential election debate as a win for Republican hopeful Donald Trump. But Clinton's chances have "never looked stronger", according to betting experts Smartbets – and other bookies agree. At the town hall-style debate last night, Democratic nominee Hillary Clinton and Trump came to blows over taxes, Clinton's email saga [...]
YouGov’s hikes its dividend and profits jump 27 per cent October 10, 2016 Shares in YouGov were up more than three per cent this morning after the pollster posted double-digit turnover and upped its divi by 40 per cent. The figures Group revenue increased 16 per cent to £88.2m in the year to 31 July, up from £76.1m last year. That was driven by impressive growth in several of its [...]
Nobel Prize for Economics awarded to Oliver Hart and Bengt Holmstrom for innovations in contract theory October 10, 2016 British professor Oliver Hart is one of the two laureates of this year's Nobel Prize for Economics, which has been awarded for innovation in contracts theory. Hart, who is based at Harvard University, and Finnish Bengt Holmstrom, based at MIT, have created valuable new theoretical tools that have helped to "[understand] real-life contracts and institutions, as [...]
In quotes: The most shocking and off-topic moments from last night’s US presidential debate October 10, 2016 Donald Trump and Hillary Clinton came together in their second presidential duel last night for the 2016 election, due to be held on 8 November. Moderated by Anderson Cooper and Martha Raddatz, the town-hall style debate was held at Washington University in St Louis and got off to a rocky start after the two candidates [...]
William Hill shares lift more than six per cent in morning trading as FTSE 250 bookie bets on merger talks with Canada’s Amaya October 10, 2016 Shares in William Hill have lifted more than six per cent this morning as the market reacted to weekend news that the bookmaker is in talks with Canadian online gambling group Amaya. The companies are in early-stage talks for an all-share merger, which would create a £5bn "international leader across online sports betting, poker and casino", [...]
Just Eat cooks up £3.5m investment for Time Out associate tech group Flypay October 10, 2016 Takeaway giant Just Eat has funnelled a £3.5m investment into Time Out associate tech company Flypay. The mobile payment app is part of Time Out's strategy to monetise local businesses and plays an "important role" in its strategy to transform into a global multi-media and entertainment business. Time Out, which recently listed on London's junior market, will now [...]
US Presidential Election 2016: Donald Trump vows to jail Hillary Clinton over email saga during presidential debate if he wins White House race October 10, 2016 A defiant Donald Trump has vowed to jail Hillary Clinton for operating a private email server while serving as US secretary of state if he is elected president. During the latest presidential debate last night the Republican leadership candidate said he would appoint a special prosecutor to look into his Democratic rival's email use because she had endangered [...]
British business leaders from the Confederation of British Industry and the EEF urge the government to sidestep “hard” Brexit in open letter October 8, 2016 A group of major lobby groups from Britain's business sector has written an open letter to the government urging it to preserve barrier-free trade with Europe and avoid a so-called "hard" Brexit. The letter, which is signed by the heads of the Confederation of British Industry (CBI) and manufacturers' organisation EEF, said the terms of the UK's [...]
