US interest rate rise 2015: Dollar droops ahead of the Federal Reserve’s big decision September 16, 2015 The dollar tumbled with less than a day to go until the Federal Reserve makes its big decision, falling one per cent against the pound. With the dollar dropping against 15 of the 16 major currencies tracked by Bloomberg, the biggest winners were the pound, gaining one per cent, and the South African rand, gaining [...]
How to make London more affordable for new grads September 16, 2015 London is in the midst of a housing crisis, and the UK's poorest graduates are bearing the brunt of this, however ramping up the number of innovate housing schemes for young people could help alleviate this. Less than six per cent of new graduates who move to London come from the most disadvantaged 20 per cent of [...]
Entertainment One share price jumps as Canada Pension Fund buys £142m majority stake from Marwyn Value Investors September 16, 2015 A Canadian pension fund has splashed millions on taking a majority stake in Entertainment One, the film and TV company behind the global hit children's show Peppa Pig. Shares in the company, which also distributes movies such as the Hunger Games, jumped by more than seven per cent in morning trading as the Canada Pension [...]
Nestle suffers setback over KitKat trademark as European Court of Justice rules that four-fingered shape cannot be copyrighted September 16, 2015 The European Court of Justice is not giving KitKat a break. If anything, it's giving the chocolate brand four fingers. Nestle’s five-year battle to protect the shape of its KitKat chocolate bar has suffered another setback after European judges ruled that it did not merit a trademark. The ECJ said that the four-finger shape alone [...]
OECD: China slump clouds global economic growth outlook September 16, 2015 A slowdown in China poses a significant threat to the world economy – especially if financial market conditions continue to deteriorate this year – the Organisation for Economic Cooperation and Development (OECD) said this morning. China’s economy is expected to grow 6.7 per cent this year and 6.5 per cent in 2016, representing a slowdown from [...]
Imagination Technologies share price falls after profit warning on first half loss September 16, 2015 Imagination Technologies's share price tumbled 7.4 per cent today to 240.25p per share, after the British graphics chip designer issued a profit warning for its first half. The company, which recently rejoined the FTSE 250, said its underperformance was down to weakness in the semi-conductor market, which is partly due to the slowing Chinese economy. [...]
Westfield and Hammerson’s £1bn Croydon shopping centre clears another hurdle after secretary of state approves compulsory purchase order September 16, 2015 Westfield and Hammerson’s plans to turn the Whitgift Centre in Croydon into a new £1bn retail destination have cleared another hurdle after secretary of state Greg Clark approved a compulsory purchase order (CPO) of the site. The developers are working together to convert the tired 1960s shopping centre and the neighbouring mall Centrale into a two million [...]
Battersea Power Station third stage: Construction firm Bouygues UK wins £1bn redevelopment deal September 16, 2015 The third and final phase of the Battersea Power Station redevelopment is about to kick off. The developers behind the regeneration of Europe's largest red brick building have awarded Bouygues UK a £1bn-plus contract to build a new high street on the 42-acre site as well as 1,305 homes designed by architects Norman Foster and Frank Gehry. [...]
SABMiller’s share price soars as it confirms AB InBev takeover speculation September 16, 2015 British brewer SABMiller's share price jumped more than 22 per cent this morning after confirming that rival Anheuser-Busch InBev (AB InBev) intends to make an offer to buy the firm. The deal between the world's two largest beer-makers would create a company with a joint market capitalisation of $250bn (£162bn). The SABMiller board said it [...]
The UK will soon run out of diesel and become reliant on foreign markets, warns RAC Foundation September 16, 2015 The UK will soon be unable to produce enough diesel to satisfy domestic demand, according to the RAC Foundation, putting it at risk of becoming completely dependant on foreign markets. In its latest report, the motoring research group said the number of diesel-run cars in Britain had increased from 1.6m in 1994 to 11m [...]