Oil prices edge up ahead of Opec meeting November 30, 2016 It's all getting very nervy ahead of a meeting of the Organisation of the Petroleum Exporting Countries' (Opec) later today. Members of the producer cartel will try to seal a deal on an output cut to clamp down on oversupply after oil prices have more than halved since 2014. And oil markets reflected the edginess – they inched [...]
17 years sleeping, a year in the pub, seven months queuing: How a British adult spends their lifetime November 30, 2016 Ever wondered quite how much time you spend binge-watching series after series on Netflix? Well, wonder no longer as Samsung has surveyed 3,000 UK adults to assess just how Brits spend their time in 2016. The average British adult will have spent 17 years and 41 days sleeping, 13 years and three months working, eight years [...]
John Lewis just had the biggest week in its trading history with nearly £200m in sales thanks to Black Friday November 29, 2016 The jury may be out on the winner of the Christmas ad battle, but John Lewis has other reasons for festive cheer. The retailer has just revealed sales of £199.8m, up 6.5 per cent year-on-year, for the week up to 26 November. Spurred on by Black Friday and its price matching efforts on the "Never [...]
Traffic congestion costs London businesses £237m each year November 29, 2016 Congestion in the capital has long been a bugbear for drivers, passengers and residents alike. And TomTom's Traffic Index, which measures congestion on the roads in 295 cities, has found it's also proving costly for London's businesses. Research it conducted noted that traffic in the capital increases the time each vehicle spends on the road [...]
Richmond, Islington and Bromley residents are among the least generous with charitable donations November 29, 2016 As the season of giving approaches, what better time to explore which of the capital's residents are set to be promoted to the top of Father Christmas' nice list? A study of over 18,000 London donations by The Big Give found that some of London's most deprived boroughs demonstrated some of the highest levels of generosity. The boroughs which [...]
Iceland Foods wants to thaw dispute after Iceland the country announces legal action against the supermarket November 29, 2016 Iceland the country got a bit frosty with Iceland the retailer last week. And now Iceland Foods is seeking to smooth over any grievances, saying it seeks "peaceful coexistence" with the country. In a statement, the company said: "Following the regrettable outbreak of legal and verbal hostilities last week, the UK retailer Iceland Foods is urgently seeking [...]
Ford, BMW, Daimler and Volkswagen unveil a joint venture to charge up Europe’s electric car network November 29, 2016 Car giants have banded together to charge up Europe's major motorways in a joint venture aiming to accelerate the mass-market take-up of electric vehicles. BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with its brands Audi & Porsche, have announced a joint venture to deploy a high-powered charge network for battery electric vehicles [...]
Lufthansa’s pilot strike has gone into a second week with thousands of flights cancelled November 29, 2016 Lufthansa has cancelled another 1,700 flights for today and tomorrow, after its pilots extended strike plans into a second week. The airline lost a German court bid to prevent its pilots from resuming strikes this week in a dispute that has caused almost 4,500 flight cancellations in a month. The refusal by the Munich Labour [...]
Business secretary Greg Clark says government wants to give a stronger voice to workers on boards November 29, 2016 Business secretary Greg Clark said Britain wants to strengthen the voice of workers on company boards, but defended plans not to completely overhaul the unitary board system. "We're not going to make it happen," he said of the idea of bringing employee representative onto the board, though he said it was an available option to [...]
