China shifts investment focus from North America to Europe China is shifting its investment focus away from North America and onto Europe, as trade policies and political change force a shift in East-West relations. In the first six months of 2018, foreign direct investment (FDI) from China into Europe reached $22bn ($16.63bn), compared with just $2.5bn in North America. In the first six months [...]
Rolls-Royce unveils ‘flying taxi’ at Farnborough Airshow Rolls-Royce has released plans for a flying taxi that could be taking to the skies in the early 2020s. The British manufacturer will unveil its designs for an electric vertical take-off and landing (EVTOL) vehicle at the Farnborough Airshow, which will be officially opened by Prime Minister Theresa May tomorrow. The air show is one of [...]
Boeing braced for tariff rises as US-China trade war continues Aviation giant Boeing is readying itself for new tariffs stemming from the ongoing trade war between the US and China. However, the firm’s chief executive has admitted that there has been no material impact on its running costs just yet. Speaking ahead of the Farnborough Airshow, Boeing’s chief executive Dennis Muilenburg addressed concerns that the [...]
Retail sector shows signs of strengthening as shoppers return to the high street November 14, 2016 Retailers saw footfall drop in October, but at a slower rate than the previous month, as shoppers headed to the high street despite the lure of online shopping. Springboard UK’s latest figures showed a less severe fall last month compared to September. Read more: Christmas adverts rated: Which retailer has made the best ad of 2016? “The slight [...]
Moody’s predicts global economic growth in 2017 and 2018, after the worst year since the financial crisis November 14, 2016 The global economy is set to strengthen slightly over the next two years, thanks to accelerated growth in the US and G20 emerging markets. In its latest Global Macro Outlook, Moody’s has predicted that the global economy will grow by three per cent in 2017, and 2.9 per cent in 2018, up from 2.6 per [...]
Bright future ahead for UK plc, as profits are up at two thirds of UK companies November 14, 2016 Two thirds of UK companies have seen their sales rise by 9.1 per cent this year after a long period of falling profits, as analysts predict a positive future for UK-based corporates. According to the latest Profit Watch from The Share Centre, UK company revenues fell by 0.8 per cent overall this year, dragged down [...]
Inflation reaches two year high, as economists warn that the days of cheap food are over November 14, 2016 Inflation is set to reach a two-year high of 1.2 per cent this week, as consumers feel the effect of rising food costs and the weaker pound. Economists have predicted that inflation will continue to trend up over the next year, above the two per cent target set by the Bank of England. In fact, [...]
Britain’s boozers boost Treasury coffers October 31, 2016 Britain’s wine and spirits industry raised billions of pounds in revenue for the Treasury last year, as booze sales reached a record high. According to new figures from the Wine and Spirit Trade Association (WSTA), wine and spirits tax contributed £15.5bn to the Treasury in 2015. And 2016 looks set to be another good year for [...]
£20m investment brings East London’s hipster offices to Portugal and the US October 30, 2016 Hipster workspaces will be soon arriving in Portugal and the US thanks to a £20m investment from a group of high profile investors. Second Home, a trendy workspace for technology start-ups, has won the backing of Bebo founder Michael Birch, as well as the Sainsbury family and returning investor Yuri Milner and, with a multi-million-pound investment [...]
From coat zips to cigarette tips – Essentra finally finds its new CEO October 30, 2016 FTSE 250 firm Essentra will replace chief executive Colin Day with Coats boss Paul Forman, following two consecutive profit warnings and falling share values. Forman will be tasked with reversing the fortune of the industrial supply firm, which has seen its share price tumble by more than 40 per cent over the past year. It [...]
