Rail services in Scotland cancelled as 110mph hurricane force winds disrupt travel January 9, 2015 Fierce winds of over 100mph have wreaked havoc across Scotland's rail network, with operator ScotRail suspending all services. The winds, which reached up to 110mph, have become a serious safety concern. However, rail wasn't the only transport medium affected with the Forth Road Bridge closed to all vehicles overnight after a van was overturned at [...]
Uber slashes prices in 48 US cities and guarantees drivers greater pay January 9, 2015 Taxi app company Uber has announced plans to cut prices in 48 cities. Despite Uber's massive growth, it is still facing intense competition from rivals such as Lyft and Sidecar. This is all good news for taxi riders who will benefit from Uber's sharp price cuts. However, it's not just Uber customers who will gain financially [...]
Peter Thiel’s Founders Fund becomes first institutional investor in marijuana January 8, 2015 The Founders Fund, headed by PayPal founder Peter Thiel, has made a multi-million dollar investment in America's flowering marijuana industry. After weeks of media chatter, Founders Fund confirmed its investment in Privateer Holdings, the firm responsible for the launch of Marley Natural, one of the world's first global cannabis brands. The company has not revealed [...]
Charlie Hebdo shooting: Suspects “rob service station” in the north of France January 8, 2015 Police are searching woodland in the North of France in a manhunt for two gunmen involved in yesterday's shooting at satirical magazine Charlie Hebdo. The two men wanted in connection with the attack are suspected of robbing a service station near Villers-Cotterets to the north-east of Paris. Two men are said to have stolen food [...]
Mapped: The most unaffordable places to get a mortgage in the UK January 8, 2015 Last year the bar was raised for first-time buyers hoping to get a mortgage, as the Bank of England introduced new rules limiting the amount banks and building societies can lend. For the first time, the amount mortgage customers can borrow has been capped at 4.5 times their income. If you're looking to buy that [...]
Ukip could qualify for “major party status” but Greens fail to make the cut, says Ofcom January 8, 2015 Broadcasting regulator Ofcom has published a consultation paper which could have a major impact on different political parties' media coverage at this year's general election. In good news for Nigel Farage's Ukip, Ofcom say they the party "may qualify for major party status in England and Wales for the General Election. If Ukip wins major [...]
Tesco share price surges nine per cent after naming Matt Davies as new UK boss: sales drop, but turnaround begins January 8, 2015 Tesco's share price surged by more than nine per cent this morning, after the troubled supermarket outlined its turnaround strategy. It reported a fall in like-for-like sales of 2.9 per cent in the 19 weeks to 3 January – a better than expected set of results. The supermarket, which had a dismal 2014, set out [...]
Mike Ashley’s USC goes into administration with hundreds of jobs at risk January 8, 2015 Hundreds of jobs could be lost at Mike Ashley's fashion chain USC after filing a notice of the intention to appoint receivers at the High Court yesterday. A third of USC's 90 stores, which are believed to employ 1,000 staff are set to close. On Wednesday morning, dozens of staff at the USC warehouse in [...]
Phoenix Suns owner Robert Sarver ups Rangers bid to £20m January 8, 2015 The US owner of the Phoenix Suns is not giving up on his ambition for Scottish football club Glasgow Rangers. After having his initial £18m takeover bid rebuffed, the American financier, 53, has offered £20m for a majority stake in the club. Sarver also promised to give a short-term loan of £6.5m. Rangers said the [...]
Uber has five out of six bases in New York City suspended after failing to hand over trip records January 7, 2015 New York City has suspended the majority of Uber bases after the taxi app company refused to hand over transport records. The Taxi and Limousine Commission (TLC) demanded that Uber give up electronic records of "the date of trip, time of trip, pick up location, and license numbers". Five out of six Uber bases were [...]
