ECJ deals bitter blow to Addison Lee as black cabs retain exclusive right to bus lanes January 14, 2015 London's black cabs have retained the exclusive right to share the capital's bus lanes as a result of a ruling by the European Court of Justice (ECJ). Eventech, the owner of a minicab fleet used by Addison Lee, brought the case to the ECJ after losing at the High Court. The company decided to fight [...]
Top economists cheer falling price of oil and say higher US growth is on the way January 14, 2015 The sharp drop in the price of oil is good news for the US economy and will result in higher growth over the next few years, according to a panel of top economists. The IGM Panel of 41 distinguished economists was polled on this statement: The recent decline in oil prices will promote higher real [...]
Risk of Greek exit from the Eurozone rises amid possible Syriza election victory, according to Moody’s January 14, 2015 "Grexit" has been resurrected as the buzzword du jour lately, amid political instability and the rise of the far left party Syriza. Now ratings agency Moody's has warned that the heightened risk of a Greek exit from the Eurozone "could have negative credit implications for other members of the European single currency". However, the risk [...]
Premier Oil share price plummets after taking $300m hit as oil price slides January 14, 2015 Premier Oil enjoyed record production last year with 63.6 thousand barrels of oil equivalent per day (kboepd), an increase of 9.3 per cent on the previous year. The company's share price though has dropped six per cent UK production soared 30.2 per cent to 19.4 kboepd. The company expects production in 2015 from its existing assets, excluding [...]
Ocado Christmas sales soar and looks ahead to first ever full-year profit January 14, 2015 Online grocer Ocado reported its customer fulfilment centres processed close to 40 per cent more items in the week to Christmas for Ocado.com and Morrisons.com than over the same period the previous year. On the company's biggest day in the run-up to Christmas sales climbed 15 per cent from 2013 to almost £6m. Gross sales [...]
London cabbies demand government clampdown on Uber’s tax arrangements January 13, 2015 Over 20,000 taxi and minicab drivers are demanding the government clamp down on American taxi app service Uber in what may be the first major conflict between cabbies and Uber in London this year. The drivers, many of whom are represented by the Licensed Private Hire Car (LPHCA), say they want to put an end [...]
Green Party support among young voters climbs to tie with the Tories January 13, 2015 The Greens have been given some welcome news today as latest polls shows they are level pegging with the Tories for the youth vote. The Green Party has enjoyed a rise in the polls in recent months often hovering just below or above the beleaguered Lib Dems. Pollster YouGov each month's daily polls over 2014 [...]
Hailo taxi app appoints Andrew Pinnington its third chief executive in three months January 13, 2015 Taxi app company Hailo has appointed its third chief executive in as many months. Andrew Pinnington, former head of operating officer at Carphone Warehouse, will be heading the British taxi hailing company, according to FT's Sally Davies. The Hailo app matches taxi drivers to passengers and has been on the London scene since 2011. Hailo [...]
Labour’s borrowing bombshell: Ed Miliband could add £170bn to the national debt, says IFS January 13, 2015 If Labour win the General Election, they could end up borrowing £50bn more than the Tories, the director of a think tank has warned. Paul Johnson, director of the Institute for Fiscal Studies (IFS), wrote in the Times that Labour could add as much as £170bn to Britain's national debt by 2030. He added there was [...]
Greggs’ Christmas sales jump, as it anticipates results above previous expectations January 13, 2015 Bakery Greggs has enjoyed strong sales over the Christmas period. Like-for-like own shop sales climbed 8.2 per cent, after it put the "food-on-the-go" customer at the centre of its focus over the holiday season. For the financial year, total sales grew 5.5 per cent, with like-for-like sales up 4.5 per cent. The company's estate improvement [...]
