A new complex is planned for the Greenwich Peninsula – but it has no affordable housing February 2, 2017 Images of the new landmark development at the Greenwich Peninsula have been unveiled, a project London mayor Sadiq Khan has tipped as a "new cultural district" for the capital. The scheme from developer Knight Dragon will provide new apartments, as well as offices, hotels, shops, bars and a theatre, over 1.4m square feet. The complex has [...]
“You’ve got a lot more bullshit than me, and I have 1,000 bullocks”: Sir Ken Morrison’s best quotes February 1, 2017 Sir Ken Morrison, the legendary chairman of the eponymous supermarket, has died aged 85, the company confirmed today. Known for his outspoken (and sometimes downright abrasive) management style, it wasn't just rank-and-file workers who fell foul of his temper – on one memorable occasion, then-chief executive Dalton Phillips took a very public tongue-lashing, too. From [...]
Legendary Morrisons chairman Sir Ken Morrison has died February 1, 2017 Sir Ken Morrison, who made his father's Morrisons grocery chain into a supermarket giant, has died, the Press Association reported this morning. He passed away aged 85 after a short illness, his family said. Morrison took over his father's Bradford egg and butter stall, turning it into one of the UK's big four supermarkets within [...]
Tottenham’s Premier League title challenge suffers major blow after goalless draw at Sunderland January 31, 2017 Tottenham's Premier League title challenge suffered a major blow after Mauricio Pochettino’s side could only draw 0-0 with relegation-haunted Sunderland. Despite dominating possession at the Stadium of Light, Spurs were unable to break down a stubborn Sunderland and failed to win for only the second time in eight top-flight matches. The draw was enough to move [...]
Ocado’s share price jumps eight per cent at the open on profit surge January 31, 2017 Ocado's share price jumped eight per cent at the open as it reported a spike in profits. The company's full-year profits beat expectations – despite rising labour costs and price deflation throughout last year. The figures In its results for the year ending 27 November, Ocado reported a 13.6 per cent rise in gross retail sales, up from [...]
Editor’s notes: Why did people vote Leave? Clue: It wasn’t because they’re unhappy January 27, 2017 The referendum result left a lot of people stunned and confused. Not just because a Leave vote was contrary to the predictions of pollsters and pundits, but because they couldn’t understand why anybody would want to leave the EU in the first place. In the days and weeks after the vote, the very same people who [...]
Sterling pushed higher by dollar weakness as Donald Trump fails to reassure investors January 23, 2017 The pound has risen to a one-month high against the dollar as traders failed to be reassured by US President Donald Trump’s inauguration speech. On Monday he pulled the US out of the major Trans-Pacific Partnership (TPP) trade deal with multiple Pacific-rim countries. The pound rose by almost one per cent in intraday trading on Monday. [...]
BP given thunderous boost by delivering project 11 months early and under budget January 23, 2017 BP reported good news from the Gulf of Mexico, revealing plans to turn on the taps of a major project 11 months ahead of schedule and $150m (£120m) under budget. The oil giant said production had started at its Thunder Horse project, which will boost supply from the area by 50,000 barrels per day. Read more: Egypt nets $220m [...]
Gold above $1,200 for the first time since November as Trump economic policy vacuum pulls investors away from equities January 12, 2017 Gold prices continued their rally from mid-December lows as investors edged back from the Donald Trump reflation story. Gold futures prices broke the $1,200 per troy ounce mark for the first time since late November, as the US dollar hit its lowest point for almost a month. Gold usually moves in the opposite direction to [...]
Tesco share price falls despite sales rise in third trading quarter as investors focus on weaker Christmas trading January 12, 2017 Tesco's share price fell despite the supermarket giant reporting its first quarterly market share growth since 2011, as sales grew for the eighth quarter in a row. The figures Group like-for-like sales grew 1.5 per cent in its third trading quarter, with UK like-for-like sales growing even faster, at 1.8 per cent. The supermarket said it [...]