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 [...]
Britons face more price hikes with Sky next to increase costs January 13, 2017 Sky has jumped on the bandwagon of companies hiking prices, with line rental charges set to increase from 1 March. The news comes just days after free-to-air competitor Freesat pointed out that since 2010 the cost of Sky TV had risen at four times the rate of inflation and twice the pace rail fares have increased. [...]
Number of first-time buyers hits 10-year high January 13, 2017 The number of first-time buyers has reached a 10-year high last year. According to Halifax, there were 335,750 first-time buyers in 2016, up 7.3 per cent on the year before, but still well below the pre-crisis peak of 402,800 in 2006. The average age of a first-time buyer was 30, and they spent an average £205,170 [...]
La La Land review: Ryan Gosling and Emma Stone star in this giddy, joyous tale of young love in the big city January 12, 2017 The unanimous backslap that greeted La La Land at the Golden Globes last week has only reinforced the idea that Hollywood is head-over-heels, all-weekend-in-bed, marriage-and-babies in love with itself. And why not when it can churn out hits like this. La La Land is entirely deserving of its praise, and so much more than a [...]
TfL braced for wintry weather as it pledges to minimise travel disruption after snow warning for the capital January 11, 2017 Transport for London (TfL) has said it's braced for wintry weather with plans to keep rail and road networks open, after a 24-hour strike brought numerous services to a halt on Monday. There hasn't been significant snowfall for three winters, but the Met Office has issued yellow weather warnings for London, forecasting a risk of snow [...]
Ditched auditor brought back to investigate Tesco Bank hack January 11, 2017 Tesco has turned to its former auditor, which it axed after more than 30 years in the wake of a profit blackhole, to investigate a cyber attack on its bank. PwC was brought in by Tesco Bank to investigate an attack in November which forced it to repay £2.5m to customers who had been targeted by [...]