Good news for UK consumers as research reveals food prices are expected to stay frozen in 2016 December 15, 2015 UK food prices will fail to grow again next year in a further boost to consumers, according to a new forecast. Food prices dropped 1.5 per cent in 2014 and are expected to fall again 3.1 per cent this year, Prestige Purchasing, a foodservice supply chain consultant, said today. Annual food price inflation had not been negative [...]
Oil price slide casts shadow over Shell’s £47bn takeover of BG Group December 15, 2015 Shell's mega merger with BG Group was given the green light by Chinese regulators yesterday, but the deal has been rocked after tumbling oil prices led to a major shareholder questioning its viability. The price of international benchmark Brent crude oil yesterday fell to fresh lows of $36.33 per barrel before a rally in early evening [...]
Bad news for miners but good news if you want to go jewellery shopping for a ring, diamond prices are down 28 per cent according to Moody’s December 14, 2015 Diamond prices are set to fall further, as low consumer demand continues to put pressure on miners, according to Moody’s research. The price of rough diamonds dropped 18 per cent in the first 11 months of 2015, and are now down 28 per cent from their peak in the summer of 2014. Prices are now at a three [...]
Russia “fired warning shots” at Turkey in near miss collision between ships in Aegean Sea December 13, 2015 Russia "fired warning shots" at Turkey, the country's defence ministry said on Sunday, after two ships came within 500 metres of each other in the Aegean Sea. A destroyer warship named Smetlivy was forced to fire warning shots at a Turkish vessel when it could not be contacted, in order to avoid a collision. According to the Interfax [...]
Racism at Russia World Cup 2018 will be unavoidable according to new report December 11, 2015 Racism at the 2018 World Cup in Russia appears to be almost guaranteed, according to a new report which claims racist displays in the country are on the rise. Research from the Moscow-based Sova Centre and Football Against Racism in Europe (Fare) found that the number of discriminatory displays and chants rose doubled last season, with [...]
Sports Direct share price drops by 10 per cent as growth slows and questions mount over working conditions December 10, 2015 Discount sports retailer Sports Direct has had one of its worse days on record, with its share price closing down over 10 per cent last night, wiping hundreds of millions of its market capitalisation. The sell off was due to a double whammy of missing analyst expectations for growth and further questions over staff working [...]
Time Magazine names German Chancellor Angela Merkel as its Person of the Year 2015 December 9, 2015 German Chancellor Angela Merkel has been named Person of the Year for 2015 by Time Magazine. Time said there had been four points during the year in which questionmarks were raised over the future of Europe: the Greek debt crisis; Russian President Vladimir Putin's "creeping theft of Ukrain"; the migrant and refugee crisis that challenged the principle of open borders [...]
Goldman Sachs leads $45m investment in travel website startup GoEuro December 9, 2015 Goldman Sachs is among several investors to plough millions into a travel website which compares plane, train, bus and car rental across Europe. The $45m (£30m) series B investment round for three-year-old Berlin-founded startup GoEuro was lead by the Goldman's Investment Partners arm, with further cash coming from venture capital firms and entrepreneurs. That includes London headquartered Atomico, Russian billionaire Yuri [...]
Jose Mourinho: Chelsea owner Roman Abramovich is loyal and believes I’m still the right man for the job December 8, 2015 Under-fire Chelsea boss Jose Mourinho insists he expects Roman Abramovich to resist growing calls to make him the 10th casualty of the Russian’s spell as owner. The Blues have made a disastrous start to the season and could crash out of the Champions League on Wednesday night against Porto but Mourinho believes that Abramovich is [...]
Syria crisis: London mayor Boris Johnson says UK should work with Russian president Vladimir Putin and Syrian President Bashar Al-Assad December 7, 2015 London mayor Boris Johnson has said that the UK should work with Russian president Vladimir Putin and Syrian President Bashar Al-Assad to defeat the Islamic State (Isis). Writing in the Telegraph, Johnson said: "This is the time to set aside our Cold War mindset. It is just not true that whatever is good for Putin must automatically [...]