Ryanair may close second Danish airport after row with unions July 15, 2015 Low-cost airline Ryanair has said that it may close its Billund airport base, which would be the airline’s second Danish base closure in just four days, as a union in the country frustrates the Irish carrier with plans of a strike at the airport. This occurred on the same day as Ryanair officially shut down [...]
Iran nuclear deal: From oil prices to GDP, how have sanctions affected the country? July 15, 2015 After nine years of negotiations between Iran and leaders from the snappily-titled "P5 +1" nations – the US, the UK, France, Russia, China and Germany – agreed yesterday to lift sanctions on Iran. But what does that mean for the country's economy? Sanctions were first applied to Iran in 1979, after the storming of the [...]
Where can you earn most? Wages grow fastest in Northern Ireland, Wales and North East – but London still has the highest salaries July 15, 2015 Yes, wages are still highest in London – but the capital isn’t where salaries are growing fastest. Wage growth is higher than it’s been for five years, showed fresh labour market statistics released by the Office for National Statistics today. This is far from evenly split, however. Those working in Northern Ireland, the North East [...]
Wage growth hits five-year high but unemployment rises July 15, 2015 While UK wage growth soared to a five-year high in the three months to May, unemployment unexpectedly rose for the first time in more than two years. Average weekly earnings, including bonuses, rose 3.2 per cent during this period, slightly below economists' expectations for a 3.3 per cent rise according to figures released today by the Office [...]
Entertainment One share price falls as Marwyn Value Investors sells Peppa Pig slice July 15, 2015 The investment firm behind the maker of hit kids TV show Peppa Pig has sold off part of its stake in the company. Marwyn Value Investors has sold a nine per cent holding in production company Entertainment One, which is also the distributor of films such as the Hunger Games and 12 Years a Slave, [...]
Aga Rangemaster share price leaps as it confirms £129m takeover July 15, 2015 Shares in posh oven maker Aga Rangemaster shot up almost 20 per cent in early trading, after it confirmed a takeover by US cooking equipment manufacturer Middleby. Under the deal, Aga shareholders will receive 185p per share, 77 per cent higher than the closing price on 16 June, the day before Middleby made its offer. [...]
British Gas to cut household prices by five per cent July 15, 2015 British Gas has promised to cut household gas bills by five per cent – the second such reduction in six months. The price cut will come into effect for British Gas' 6.9 million customers from 27 August. The utilities giant said this latest drop would save the average home £35. In total this year's [...]
Afren shares have been suspended July 15, 2015 Shares in embattled oil producer Afren were suspended this morning as uncertainty regarding its financial position left it unable to accurately update the market. The Nigeria-focused company's shares were suspended at 7.30am by the Financial Conduct Authority at the request of the oil producer pending an announcement. Afren later said that an ongoing business review [...]
Britain facing winter of blackouts as National Grid warns of tightest power supply in a decade July 15, 2015 Britain could be facing a winter of blackouts, with National Grid warning of the tightest winter power supplies in a decade. The country now has just 1.2 per cent of spare capacity in the system, down from 4.1 per cent last year, according to the winter review and consultation showed. It is mostly because [...]