The Dow Jones hits 12th record high close as Trump promises a big infrastructure announcement February 28, 2017 The US Dow Jones index closed at a record high for the 12th day in a row on Monday after President Donald Trump promised a "big" infrastructure announcement was to come. That marks the longest winning streak for the share index since January 1987, with the Dow Jones Industrial Average finishing 15 points higher at [...]
The capital needs Crossrail 2 and Heathrow expansion to continue to compete globally, say London businesses February 28, 2017 Crossrail 2, Heathrow's third runway and East London river crossings will all be crucial to the capital's continued ability to compete on the global stage, London businesses have said. According to the latest CBI/CBRE London business survey, 84 per cent of firms in the capital see Crossrail 2 as being central to the city's successful expansion, [...]
FTSE firms should publish a breakdown of their workforce by race and pay band, says government-backed review February 28, 2017 Large employers should publish a breakdown of their workforce by race and pay band, according to a new government-backed review. The report by Conservative peer Baroness McGregor-Smith found that if black and minority ethnic (BME) people progressed in the workplace at the same rate as their white counterparts, the UK economy could be boosted by £24bn. She [...]
HS2 delays controversial contract award to CH2M as it meets Mace for talks February 27, 2017 HS2 will meet Mace for talks after the construction company lost out on a £170m contract for work on the £55.7bn rail project and has been mulling a legal challenge as a result. The government-owned developer HS2 Ltd has now delayed the formal award of the contract, while it meets Mace for talks. These are expected to take place [...]
Peugeot has unveiled its Instinct concept: A driverless car featuring a virtual assistant February 27, 2017 Peugeot has provided insight into its driverless ambitions with the unveiling of its Instinct concept. It's a shooting brake style which provides the option of "fully autonomous driving". The car features both drive and autonomous modes though, offering the driver the choice of four different settings. And of course, it doesn't just stop at "driverless" when [...]
Southern rail urges passengers to check if they’re in line for one-off compensation (as it doesn’t have all of their details) February 27, 2017 Southern rail is urging season ticket holders to check if they're eligible for a special one-off compensation offer ahead of an April deadline. The scheme, announced by the government in December, said one-off payments worth up to a month of free travel could be claimed to make up for the disruption of 2016. To qualify, Southern [...]
The RMT is balloting London Underground workers for strike action over the “victimisation of Tube staff” February 27, 2017 More London Underground walkouts could be on the horizon as the RMT union has announced it's balloting station staff for strike action and action short of a strike. The RMT said it will be balloting station staff across its London Bridge group after one member was fired and two others disciplined for intervening to stop a "serious [...]
Trinity Mirror sales rise but it strikes a cautious note over the “challenging and volatile” print market February 27, 2017 The UK's biggest local newspaper group, and owner of the Mirror, has reported a big bump in profit and revenue for 2016 – but said the industry is still battling headwinds from falling print advertising. Read more: Daily Express owner mulling sale of tabloids to rival Trinity Mirror The figures Annual profit rose 24 per cent after [...]
Persimmon cements strong 2016 as pre-tax profit jumps 23 per cent and revenues rise February 27, 2017 No shaky foundations here. Persimmon has announced a rise in underlying profit of nearly a quarter and growing sales for 2016 too as the FTSE 100 firm built more homes. Shares were up 1.53 per cent in early trading to 2,056p. Read more: Persimmon lays some strong foundations for 2017 The figures Full-year revenue rose eight [...]
The oldest serving MP Gerald Kaufman has died at the age of 86 February 27, 2017 The oldest serving MP Sir Gerald Kaufman has died at the age of 86. The Father of the House was a junior minister between 1974 and 1979 and held senior cabinet positions throughout the 1980s. He became the oldest serving member of the House of Commons in 2015 and became an MP in 1970. Labour leader Jeremy [...]
