London Stock Exchange poised to announce crucial sale of French clearing arm January 2, 2017 The London Stock Exchange Group is likely to announce the sale of its French clearing arm this week, City A.M. understands. The exchange entered exclusive talks with pan-European rival Euronext shortly before Christmas and the parties are understood to be nearing a deal worth around €500m (£425m). Read more: London Stock Exchange enters exclusive talks [...]
Brace yourself: You’ll be paying more for your commute in 2017 January 2, 2017 As 2017 gets off to a tentative start, commuters are already having to face a harsh reality of the new year – the annual rise in the cost of commuting. Most people may still be enjoying the bank holiday, but workers returning to work from today onwards will have to dig deeper as train fares rise by [...]
Archbishop of Canterbury wants reconciliation after Brexit divisions in the UK January 1, 2017 The Archbishop of Canterbury will use his New Year message to focus on encouraging Britons to bridge the divisions from the EU referendum. Justin Welby addresses the nation today and is expected to say: "Last year, we made a decision that will profoundly affect the future of our country – a decision made democratically by the [...]
Theresa May vows to get “the right deal” for both Remainers and Leavers in Brexit negotiations January 1, 2017 The Prime Minister acknowledged the tensions surrounding the EU referendum in her first New Year message, but vowed to "get the right deal" for the whole country. Amid uncertainty over what type of deal the government will be pursuing in Britain's negotiations to leave the European Union and concern over a "hard Brexit", Theresa May [...]
From the wrong kind of snow to wet leaves: The Elizabeth line is undergoing all-weather testing to be ready come rain or shine December 30, 2016 You know all those recent disruptions the Piccadilly line was dealing with due to wet leaves and pesky cold weather? Well, Transport for London (TfL) is making sure that come rain or shine, the Elizabeth line will not suffer such a fate. In fact, it's currently undergoing some gruelling testing in readiness for any possible weather [...]
The UK tourism industry is set to gain £24.1bn next year as more overseas visitors flock to Britain December 30, 2016 The weak pound has wreaked all kinds of havoc on British industries, but there's at least one that's celebrating as predictions are made for 2017. More inbound visitors than ever before, 38.1m, are set to crowd the UK's streets next year. That's up four per cent from this year, which is set to reach around 36.7m, according [...]
Major European states don’t want to follow in the UK’s footsteps and vote for their own Brexit, new poll shows December 29, 2016 Six months on from the UK's vote to leave the European Union, Brexit has failed to be as contagious as many expected it to be. According to a new poll, voters in the EU's biggest states of France, Germany, Italy and Greece believe their countries are heading in the wrong direction, but support for the EU [...]
Freezing fog and ice: Drivers told to take extra care and airports warn of delays December 29, 2016 Drivers are being urged to be wary of lingering freezing fog as temperatures plummeted following a relatively mild weekend. Visibility across London, eastern England, the Midlands and Wales could be less than 100 metres. And combined with temperatures falling below freezing, the Met Office said people hitting the roads should be careful of untreated surfaces. "Driving [...]
FTSE 100 surpasses 2016 highest point to close at record high as miners drive end-of-year gains December 28, 2016 The FTSE 100 surpassed its record highest close on Wednesday as investors started returning to their desks after the Christmas break. London’s blue chip index was one of the top performing indices worldwide as mining stocks drove it above its highest previous close to reach 7,106.08 points. That beat the 7103.98 point close set in April 2015. Sterling's continued [...]
Bad Christmas: Housebuilder share prices are falling December 28, 2016 Shares in the UK's largest housebuilders fell today, after a profit warning from one, as well as disappointing mortgage figures. Bovis was the biggest faller on the FTSE 250, with shares falling 4.8 per cent to 815.5p in lunchtime trading after it warned on profits, saying it expected to complete on fewer homes than anticipated [...]