Elon Musk thinks SolarCity will add $1bn in revenue to Tesla and prove naysayers wrong November 2, 2016 Elon Musk is very keen to get unimpressed investors on side for Tesla's takeover of SolarCity. His plan is to have a Tesla/SolarCity combination creating a seamless experience for customers looking to buy solar panels, home batteries and solar roofs, "Over time, I think most customers are going to opt for all three," he said [...]
Donald Trump says Hillary Clinton voters with “buyer’s remorse” can change their pick November 2, 2016 Asian markets are feeling jittery and so apparently is everywhere else as the US presidential election is going down to the wire. And the war of words between Hillary Clinton and Donald Trump is heating up. Over in the red corner, Trump branded Clinton "corrupt", while warning she would "destroy American healthcare forever". He even told [...]
Just Eat bumps up earnings guidance though order growth slows November 2, 2016 Warm weather hasn't been a dampener for Just Eat: the online takeaway group bumped up its full-year revenue and earnings guidance on the back of a decent third quarter. The figures Total orders for the third quarter were 33.3m, showing growth of 34 per cent year-on-year (on both a reported and like-for-like basis). UK orders [...]
Next battles tough third quarter with retail sales down nearly six per cent November 2, 2016 What a difference a few months make. In August, shares in Next spiked at the open as it said Brexit hadn't affected consumer spending. For its third quarter, though, total sales were down 3.5 per cent and retail sales were down 5.9 per cent. On the bright side, sales were up in October, while the retailer's sales [...]
Inflation to hit four per cent by end of 2017 November 2, 2016 UK inflation is set to rise from 0.7 per cent to four per cent by the end of next year, thanks to the falling pound. That's what the National Institute for Economic and Social Research (NIESR) is forecasting anyway; the think tank says inflation will peak in the latter half of 2017 with a weak sterling [...]
Workers with mental health issues contribute £226bn to UK GDP November 2, 2016 There's still a way to go in destigmatising mental health issues, so a new report has quantified the economic contribution those who do have mental health issues make to the UK, while pointing out it could be even higher. UK workers with mental health issues contributed £226bn to UK GDP in 2015. That contribution made up 12 per cent of [...]
Atlantic Star Airlines calls on government to resolve St Helena airport “debacle” November 2, 2016 Atlantic Star Airlines is calling on the government to discuss the rapid introduction of "a much-needed air service" in and out of St Helena. Representatives from the airline are meeting with the former department for international development (DfID) minister Lord Foulkes today about the issue concerning the British-owned island in the south Atlantic. Lord Foulkes [...]
Government-backed review calls for an end to all-white company boards November 2, 2016 Every FTSE 100 company board should have at least one director of colour by 2021, and each FTSE 250 Board by 2024, a government-backed report out today has recommended. The report reveals that out of 1,087 director positions in the FTSE 100, only eight per cent of positions are held by directors of colour, of which [...]
Monarch brings the Northern Lights to the Northern Line along with a giant igloo November 1, 2016 The winter blues may be setting in for many, but Monarch has stepped in to cheer up the capital. Sort of. For one day only it has brought the Northern Lights to King's Cross station, with a one-off installation outside the underground station. Read more: Northern Line Night Tube to launch on Friday 18 November [...]
Commuter group sets out legal grounds for judicial review against DfT November 1, 2016 Pressure group the Association of British Commuters (ABC) has sent a letter before action to transport secretary Chris Grayling. That's ahead of bringing a judicial review of the Department for Transport (DfT) for its handling of the Southern Rail franchise. The letter sets out the legal grounds on which the group is applying for permission to [...]
