Dominance of the big six has led to lack of spending in January transfer window January 18, 2017 Premier League clubs’ relative restraint during the current January transfer window is a result of the increasing dominance of the leading six clubs, according to a leading football finance expert. Flush from a new £8.3bn, three-year television deal, England’s top-flight teams spent a record £1.2bn on new signings in the summer, yet they have invested [...]
Business rates block foreign investment into UK retail January 18, 2017 Sky-high property taxes are making foreign companies think twice about expanding in the UK. Business rates have increased markedly since they were introduced in 1990, and have now become a barrier to foreign investment, according to a new report. A paper from shopping centre owner Intu and shopping centre representative group Revo has recommended business rates [...]
It’s May way or the Highway: Prime Minister Theresa May confirms UK will seek bespoke Brexit deal January 18, 2017 Prime Minister Theresa May laid out her plan for life outside the Single Market yesterday, warning Brussels that she will walk away from negotiations if the EU seeks to damage the UK by blocking a free trade deal. While May’s threat sent jitters through the City, business groups were heartened to hear the PM promise [...]
If you dream of hurtling down deserted mountains, slaloming trees and ducking overhanging branches, the Canadian Rockies may be for you January 17, 2017 Sunshine Village sounds like a misnomer for a ski resort deep in the Canadian Rockies. A Caribbean beach complex, maybe, but a ski arena that straddles the Continental divide of the Americas? But when you’re at the peak of Mount Standish, an impossibly blue sky hanging over a seemingly endless white expanse, it starts to [...]
Want to skip congestion? Airbus is working on it with its flying car prototype January 17, 2017 Gridlocked roads and congestion might be a signature of busy cities, but Airbus hopes it'll have a way to circumvent that – sooner rather than later. The aerospace giant has said it's got plans to test a prototype of a self-piloted flying car by the end of the year. It got the wheels – or wings [...]
City financier Edi Truell puts forward new rescue plan for Tata Steel UK pension scheme January 16, 2017 A leading City financier is looking to join Tata Steel UK’s £15bn British pension scheme as a trustee and has set out an ambitious plan to revamp the pensions rescue plan. Edi Truell has sent an outline to current trustees proposing a merger between Tata Steel’s specialty unit with Sheffield Forgemasters, an advanced steel materials [...]
FiSahara takes place under the baking heat of the African sun. Alex Dudok de Wit finds an event unlike any other January 16, 2017 There’s a territory sandwiched between Morocco and Mauritania, divided from the former in atlases by a dotted line, that carries the opaque name of Western Sahara. You might occasionally spot footage of it on the news, grainy shots of a sand wall lined with landmines and Moroccan soldiers, although most will struggle to place it [...]
The company behind the Airlander “flying bum” is planning to IPO in London January 16, 2017 The British company behind the world's biggest airship is planning to list on London's junior market. Hybrid Air Vehicles, the maker of the Airlander hybrid aircraft nicknamed the flying bum for its appearance, will seek to raise £50m with a float pencilled in for the end of 2017 or early 2018 on London's Alternative Investment Market. HAV [...]
Chinese investors snap up stake in disruptive aerospace firm dubbed “the Disneyland of engineering” January 15, 2017 Chinese investors have scooped up a significant minority stake in British aerospace firm Gilo Industries Group. The science arm of conglomerate Kuang-Chi, which is headquartered in the city of Shenzhen, has bought a stake in Dorset-based Gilo, Sky News reported. The deal is expected to be announced in Asia tomorrow. The size and value of the [...]
Nigel Farage says a US trade deal could be agreed in just three months under Donald Trump January 15, 2017 Former Ukip leader Nigel Farage has predicted the UK could agree a trade deal with the US within months of President-elect Donald Trump taking office. Trump will become the US' 45th President on 20 January, and Farage said the incoming administration will be keen to stress its commitment to the principles of global trade. "I am [...]