JetBlue Airways’ share price falls following third quarter release October 25, 2016 JetBlue Airways' share price fell by over three percent in pre-market trading after announcing its third quarter results. The company reported an operating income of $345m (£130m) in the third quarter, a one per cent increase from the same quarter in 2015. The low-cost airline, the fifth largest domestic carrier in the US, mainly serves internal flights within [...]
General Motors latest earnings show net income doubling October 25, 2016 General Motors, owner of Vauxhall and Chevrolet, has announced better than expected results in its third-quarter earnings today. It announced a net income of $500m (£412m) for the first three quarters of this year, including for the past quarter at $147m. Its costs and expenses were up, but so was its revenue. Excluding a $110m gain from litigation, earnings of $1.72 [...]
Hammond says he will prioritise financial services in the upcoming Brexit talks October 25, 2016 Philip Hammond has again moved to reassure the City that the government will prioritise financial services in the upcoming Brexit discussions with the European Union. The chancellor told MPs in the Commons this morning that he understood the City's need to have continued access to the single market and to hire skilled people to work in [...]
Heathrow in numbers: How much will it cost? When will it be delivered? October 25, 2016 After today's government announcement that it will back the creation of a third runway at Heathrow, now the attention will come down to the detail of the plans. How much will it cost? When will it arrive? And will it pass a Commons vote? What happens next? We crunch the dates and numbers you need to [...]
Sadiq Khan is very unhappy indeed about the Heathrow expansion October 25, 2016 Sadiq Khan has slammed the government's decision to give Heathrow the green light to build a third runway, and says he will be involved in fighting it with a legal challenge. The London Mayor tweeted this morning that "Heathrow expansion is the wrong decision for London" and would be "devastating for air quality across London". [...]
Zac Goldsmith intends to resign as Tory MP after annoucement to expand Heathrow October 25, 2016 Zac Goldsmith, the Conservative MP for Richmond Park and North Kingston has said he intends to resign and force a by-election after the government announced it would approve plans for a third runway at Heathrow this morning. The Huffington Post reported that the MP has told his local association that he intends to honour his [...]
Tesco chairman John Allan admits prices WILL go up due to weak sterling and higher inflation October 25, 2016 John Allan, the chairman of Tesco, has admitted that prices will increase at supermarkets if the pound stays at its current level. The chain temporarily pulled some of its products, including Marmite and PG Tips, from its online stores earlier this month after its supplier, Unilever, demanded a 10 per cent increase in prices due to [...]
Ukip’s Bill Etheridge drops out of leadership race October 25, 2016 West Midlands MEP Bill Etheridge has pulled out of the race to become leader of Ukip and given his backing to one of his rivals, Paul Nuttall. Etheridge said that Nuttall, the deputy leader, was the only candidate "who can effectively unite our party". "I believe Paul is the right man to bring unity to our party and lead [...]
Labour fined £20k by Electoral Commission for incomplete election spending returns October 25, 2016 The Electoral Commission has fined the Labour Party £20,000 for breaking campaign spending rules during the 2015 General Election and failing to report a number of items to them. In a report published this morning, it said that the return was "incomplete" and was missing 74 payments which totalled £123,748 along with 33 separate invoices [...]
Oil prices dip after Iraq opts out of Opec arrangement to cut production October 24, 2016 Oil prices shed more than one per cent today after Iraq said it did not want to be part of an Opec deal to slash production to help rebalance the market. Brent crude was trading down 63 cents, or 1.22 per cent, this afternoon to $51.15 per barrel. West Texas Intermediate (WTI) crude, the US [...]
