Theresa May: We’ll prioritise skilled immigration after Brexit October 2, 2018 Theresa May plans to prioritise immigrants’ skills, rather than their country of origin, in a post-Brexit shake-up of the visa system. The Prime Minister will focus on tackling low-skilled immigration and place more value on those with skills desirable to British businesses, following a recommendation from the Migration Advisory Committee (Mac). Read more: 'Frictionless' immigration [...]
Ferguson boosts revenue and profit but UK outlook remains ‘tough’ for Wolseley plumbing brand October 2, 2018 Ferguson managed to report climbing revenue and profit today despite taking a hit in the UK, where it trades as plumbing firm Wolseley. The figures Revenue grew 7.6 per cent year on year to $20.7bn (£15.9bn) in the year to the end of July, while trading profit increased almost 15 per cent to $1.5bn. Its [...]
The Brolly and the Ivy: New Ivy restaurant prepares to open in Canary Wharf with heist-themed launch October 2, 2018 The latest instalment of Richard Caring’s Ivy Collection has opened for bookings, marked by a theatrical dance stunt themed around heist film The Thomas Crown Affair. Actors in bowler hats twirled umbrellas and danced to mark the upcoming launch of The Ivy in The Park, a new all-day dining brasserie at Canada Square, Canary Wharf, [...]
UK house prices show modest growth for September October 2, 2018 UK house prices grew two per cent year on year for September, according to new figures released today, but London house prices declined. Homes in the capital fell by less than one per cent compared to the same period of 2017, Nationwide reported today, against a fairly stable picture for the whole of the UK. [...]
Oil prices hit four-year high as markets await US sanctions on Iran October 1, 2018 Oil prices hit a four-year high this morning as the market reacted to ongoing uncertainty over US sanctions on Iran. Brent crude – considered the international benchmark – rose almost half a per cent to $83.09 (£63.70) per barrel in early trading, after rising as high as $83.32. Read more: Iranian foreign minister claims country [...]
Sterling finds strength from higher UK manufacturing growth October 1, 2018 Sterling climbed on the back of stronger UK manufacturing growth this morning. The pound was up 0.1 per cent against the US dollar at 1.304 and close to 0.4 per cent compared to the euro at 1.125. Read more: British manufacturing output growth weakens as exports slow Manufacturing posted a “mild” improvement in output at [...]
Philip Hammond: Tory party ‘has business at its core’ October 1, 2018 Philip Hammond this morning sought to reaffirm the Tories as the “party of business” ahead of his Conservative Party Conference speech later today. He also tried to bolster business confidence about the prospects of the UK negotiating a Brexit deal with the EU, amid rising concerns over the possibility of the UK leaving the bloc [...]
Aston Martin narrows price range ahead of IPO October 1, 2018 Aston Martin has narrowed the price range for its IPO later this week. The luxury car manufacturer is now set to float shares at between 1,850p per share and 2,000p per share, tightening its previous range of between 1,750p and 2,250p. Read more: Aston Martin staff set for cash reward as it gears up for [...]
Tesla shares drop despite board backing for Elon Musk after SEC lawsuit September 28, 2018 Tesla shares plunged almost 14 per cent today as boss Elon Musk faced the prospect of a ban from ever running a public company again. The electric car company’s board hailed Musk’s “integrity and his leadership” after the US Securities and Exchange Commission (SEC) filed legal action against him late last night. Read more: US watchdog [...]
Legal & General joins growing shareholder revolt against Unilever plans to quit London September 28, 2018 The investment arm of Legal & General (L&G) is set to vote against Unilever’s plans to ditch its London headquarters and the FTSE 100 to incorporate solely in the Netherlands next month. The investment giant took the unusual step of revealing its voting plans before Unilever’s crunch shareholder meeting on 26 October to decide its future. [...]
