Chris Grayling hints that only one airport will get the green light for now October 17, 2016 Transport secretary Chris Grayling has confirmed he will be the minister announcing the decision on airport expansion, though he has not confirmed when it will be announced. While the prospect of giving the green light to both Heathrow and Gatwick in some shape has gathered pace as an option in recent weeks, Grayling moved to distance himself from such a [...]
Lower pound and higher oil prices could push average petrol price above 115p as soon as tomorrow October 17, 2016 The fall in the value of sterling and a rise in oil prices could push the average price of petrol above 115p by tomorrow morning. The average price of petrol across UK retailers, including supermarkets and independent sellers, reached 114.99p a litre on Sunday, according to data from Experian Catalist. Prices tumbled below 115p last August, [...]
Outgoing Institute of Directors boss Simon Walker sounded out for role on trade department board October 17, 2016 The outgoing director general of the Institute of Directors (IoD) could soon be joining the board of the new International Trade ministry. According to Sky News, Walker was approached about becoming a non-executive director for the department for international trade, a new Whitehall department established by the Prime Minister, with Liam Fox at the helm. Read more: IoD [...]
Charlton v Coventry game stopped for five minutes by plastic pig protest as fans unite against owners leading clubs into “crisis” October 15, 2016 The League One match between Charlton and Coventry was suspended for five minutes after both sets of fans hurled plastic pigs onto the pitch in protest against their owners. Supporters of the Addicks and Sky Blues want new owners at their clubs and joined forces at The Valley to make their feelings known. Ahead of [...]
Holiday Homes: Keith Perry searches for affordable second homes on the Cap d’Antibes October 14, 2016 As the superyachts glide across the gulf of Juan-les-Pins and vintage Porsches roll out of the multimillion pound villas on the Cap d’Antibes, it’s not hard to see how F Scott Fitzgerald found the inspiration for The Great Gatsby while looking out to sea from one of these beautiful villas. Avenues of pine trees lead [...]
Nissan boss leaves meeting with Prime Minister Theresa May on a positive note October 14, 2016 Nissan's chief executive Carlos Ghosn has visited Prime Minister Theresa May to talk about Brexit following signals that the carmaker will halt investment in the UK. After leaving the meeting, Ghosn suggested that it went smoothly. According to Sky News, he told reporters he is "confident the government will continue to ensure the UK remains a competitive place to [...]
Pension Protection Fund calls for BHS liquidation to start within the month October 13, 2016 BHS' biggest creditor, the Pension Protection Fund (PPF), is pushing for the company to be placed into liquidation by the end of the month. Sky News reports that the PPF has told the joint administrators of BHS that it wants to bring forward investigations into the former directors of the retailer, which would take place [...]
Sky believes in better future after quarter in which rivals benefited from Euro 2016, Olympics and Paralympics October 13, 2016 Sky has said it is “on track financially” despite the company suffering at the expense of rivals broadcasting Euro 2016, the Olympics and the Paralympics. The figures In the UK and Ireland, turnover was up five per cent to to £2.1bn in the quarter to 30 September, boosted by a June TV price rise. However, Sky [...]
This is how far London house prices fell in the third quarter October 12, 2016 London's house prices have underperformed in the third quarter as the capital recovered from the shock of the Brexit vote and the uncertainty afterwards. House prices fell 2.5 per cent in the third quarter, following on from a 0.5 per cent fall in the second quarter, according to data from Halifax and IHS Markit. London's decline compared [...]
Private equity-backed accountancy firm challenger expands with new investment October 12, 2016 A newly-formed private equity-backed accountancy group has announced a new investment. CogitalGroup, which was founded this summer by private equity firm HgCapital and former Deloitte UK chief executive John Connolly, this morning announced a deal with Baldwins. The accountancy firm has 27 offices across the UK, employing 650 people. Connolly will join the board of the company, [...]