Eurotunnel set for a record year of freight despite disrupted summer November 28, 2016 Eurotunnel is on track for a landmark year after it announced record-equalling numbers had passed under the English Channel with a month still yet to go. Nearly 1.5m lorries passed through the tunnel between the start of 2016 and 25 November. Jo Willacy, Eurotunnel's commercial director, hailed the "extraordinary value" the firm believed it created for customers". She added: [...]
Aberdeen Asset Management stems outflows after Brexit vote November 28, 2016 Aberdeen Asset Management jumped over four per cent despite revealing full-year double-digit percentage falls in revenue and profits. Net outflows from its funds totalled £33bn, in what the firm called a "tough" year. The figures Net revenue totalled £1.0bn, down from £1.2bn in the previous year. Underlying profit before tax fell by 28 per cent to £353m. While earnings [...]
The Confederation of British Industry says City firms are feeling the pinch, but we’re all still going down the pub November 28, 2016 Service sector profits have slumped in the UK in the last three months but declining sentiment among the sector’s business leaders is slowing. The Confederation of British Industry (CBI) said although morale among firms continued to drop, some sub-sectors were more positive. Hotels, bars and restaurants have been boosted consumer spending according to reports by [...]
Japanese government admits to spiralling Fukushima compensation costs November 28, 2016 Compensation costs from Japan’s 2011 Fukushima nuclear plant disaster will be almost twice the levels previously anticipated, the country’s trade ministry has revealed. At the end of 2013, the government department estimated compensation costs of ¥5.4 trillion (£40bn). However, updated ministry predictions have leapt to ¥8 trillion. Including decontamination, interim storage and decommissioning costs, the overall [...]
What went on? UK Power Networks apologises for West End blackout chaos November 26, 2016 Londoners were left puzzled yesterday evening as underground carriages wound their way beneath the streets of the West End, while above ground was plunged into darkness. Theatregoers were left disappointed and shoppers concerned that they'd missed out on Black Friday bargains from around 5.15pm on Friday. Read more: In pictures: Blackout on Black Friday – huge [...]
German Chancellor commits to finding a solution for beleaguered steelmakers November 26, 2016 The world's largest nations need to work together to find an answer for the global over supply of steel, German Chancellor Angela Merkel said today. Germany takes over the presidency of the G20 group of the world's leading economies next month and Merkel said in her weekly podcast she would push for a collective solution [...]
UK and US politicians react to Fidel Castro’s death November 26, 2016 Politicians from either side of the Atlantic gave wide spectrum of reactions to the news that former Cuban leader Fidel Castro had died overnight. Labour leader Jeremy Corbyn praised Castro's "heroism" and in his official statement in reaction to the news said: Fidel Castro's death marks the passing of a huge figure of modern history, national [...]
Hunt out your hat: London’s mercury to fall to –3 degrees Celsius November 26, 2016 London is set for an Arctic blast early next week with temperatures plunging well below freezing. A high pressure weather front is due to hit the UK from the North-East and the Met Office has warned temperatures could fall as low as -3 degrees Celsius on Tuesday. Read more: In pictures: Blackout on Black Friday – huge [...]
“Stranded reserves” due to climate change? Not likely, says Shell boss November 26, 2016 Royal Dutch Shell's (Shell) boss has said it will squeeze every drop of oil from its wells, shrugging off concerns that climate change laws could cap the amount it could extract. Ben van Beurden said Shell would not have any "stranded reserves" – fossil fuels left in the ground because of carbon emissions limitations. Read [...]
Bin the pensions triple-lock, or at least lower minimum annual increase, says Tory heavyweight November 26, 2016 Just days after the Chancellor confirmed the pensions triple-lock would be saved, a heavy hitting Conservative MP has once again reaffirmed his desire to have the promise binned. Stephen Crabb, the former work and pensions secretary as well as one of the candidates in the Conservative Party leadership race said that the triple-lock had achieved what was [...]
