There’s something else coming along in 2015 that could make the Night Tube redundant November 21, 2013 London's new Night Tube is certainly an exciting prospect for many (maybe less so if you're renting) – but the overdue amendment to the underground's schedule may be outdated pretty soon after it's launched. While the new service will be launched in 2015 – and initially only on a few lines – a disruptive technology [...]
London’s Night Tube could see property prices jump November 21, 2013 Great news if you own London property. Maybe not so great if your rent is already eating up half of your wages. An impact study by GVA found that the Crossrail transport project would increase "residential and commercial value of as much as £5.5bn along the route between 2012 and 2021". The availability of a [...]
“Night Tube” to launch in 2015 – Some lines to run 24 hours on weekends November 21, 2013 Some lines will now run for 24 hours. Victoria, Central, Northern, Jubilee and Piccadilly lines will offer that round the clock the access. That's the "initial" network, so there could be more to come. Here's how they look on the map: The service is intended to complement night bus operations, "giving passengers an extensive and [...]
German finance minister warns against monetary policy as an EU fix – as manufacturing sector almost at 2.5 year high November 21, 2013 Germany's finance minister Wolfgang Schaeuble has said that monetary policy can not be the only way out of economic crisis, and that governments – not the European Central Bank – must solve the Eurozone's problems. Schaeuble says that the central bank's mandate must remain limited, and that it can't solve the crisis alone. Simultaneously, we've [...]
Emerging markets boost SABMiller profits November 21, 2013 Growing sales in Latin America and Africa have boosted net profits for SABMiller to 9 per cent, the company announced on Thursday. For the six months to 30 September, the world's second largest brewer saw volume growth of one per cent on an organic base but suffered declines in Europe and North America. Emerging markets [...]
The French private sector has started shrinking again November 21, 2013 November has seen one measure of French private sector activity – Markit's composite purchasing managers' index (PMI) – fall to reveal a contraction for the first time in three months. Coming in at 48.5, the PMI figure has dropped from 50.5. Any number below 50 implies a contraction. Things are bad in both services and [...]
Lloyds boss to receive £2.3m share bonus – but will have to wait five years for it November 20, 2013 Lloyds chief executive Antonio Horta Osorio is to receive his 2012 bonus as 3m or so in shares – worth £2.3m at currency values. That's because the Lloyds share price has been above the government's break-even point for 30 consecutive trading days. But the boss of the state backed bank will have to wait five [...]
Euro plummets on suggestions of negative deposit rates November 20, 2013 The euro just took a beating against the dollar, falling on news that the European Central Bank (ECB) is considering negative deposit rates. They're weighing the option of a minus 0.1 per cent deposit rate. That's according to Bloomberg, who say that the central bank is considering a "smaller-than-normal cut" if the officials do decide [...]
US business inventories see largest rise since January November 20, 2013 US business inventories rose by 0.6 per cent in September – their largest jump since this January. Analysts had expected an increase of just 0.4, the same as that seen in August (revised up from 0.3 per cent). Business inventories data is compiled by the US Census Bureau and measures the change in inventories from [...]
Government lavishes over £400,000 on PR for Green Deal November 20, 2013 Figures released to Sky News under the Freedom of Information Act show that the government spent £413,815 on PR consultants to promote its Green Deal initiative. The lavish spending works out at £1,889 for each household which has had energy efficient measures installed. The Green Deal has so far been implemented in only 219 properties [...]
