Construction begins on Europe’s tallest modular residential block November 8, 2016 Work has begun on Europe's tallest modular residential tower block, the latest innovation scheme to help combat London's housing crisis. The 26-storey tower will be built in Mapleton Crescent in Wandsworth, and is constructed entirely from modular units – compact flats assembled in factories before being installed with cranes. Read more: How innovation is transforming the property industry The 89-unit [...]
Black Friday could end up being a flop-day this year November 8, 2016 Demand for bagging a bargain on Black Friday has dropped this year, as the novelty of the promotions day seems to be wearing off. Just 21 per cent of consumers say they will take advantage of the Black Friday promotions this year, on a day intended to drum up sales as retailers slice their prices. This is [...]
Auction house Sotheby’s reports $54.5m loss in last quarter November 7, 2016 Sotheby's reported a $54.5m (£43.5m) loss in the third quarter, compared to $17.9m (£14.4m) the same period a year ago. The auction house said that they expected the poor results, and put down the huge losses to changes in the dates of the summer art sales. The results The company posted a net loss of $54.5m, [...]
Supply chain risk up due to post-Brexit uncertainty November 7, 2016 Global supply chain risk grew for the fourth quarter in a row to its highest level since 2013 as a result of the Brexit vote, and increased trade restrictions around the world. Analysis by the Chartered Institute of Procurement and Supply (CIPS) and Dun & Bradstreet economists showed a "disintegration of the political consensus over globalisation" with [...]
18 Twitter accounts to follow on US Election Day November 7, 2016 Excitement is building about polling day in the US tomorrow. The nervous-excitement that comes from watching an election from the other side of the world, which could be closer than the polls predict. Read more: Five ways tech is helping the US vote for its next President After Brexit and an unforeseen result in the General Election [...]
Farage mulls leading 100,000 strong march on Supreme Court ruling November 7, 2016 And you thought that Brexit couldn't get much weirder. It can. Now Nigel Farage is considering leading an army of 100,000 Brexit-supporters outside the Supreme Court on the day it considers an appeal on the triggering of Article 50. The march, which is likely to be held on December 5, the planned first day of the [...]
New artwork in Piccadilly station to honour former Underground boss Frank Pick November 7, 2016 Frank Pick was the artist behind many of London's iconic Underground designs, and now he's being commemorated with some artwork of his own. A major piece is being unveiled today, on the 75th anniversary of his death, dedicated to the man who commissioned some of the most recognisable creations of the Underground. The London Transport Museum [...]
Lord Karan Bilimoria slams Theresa May’s immigration policy November 7, 2016 The founder of Cobra beers has attacked Theresa May's immigration policy, deeming it to be "economically illiterate". Lord Karan Bilimoria, who is also a cross-bench peer, said the Prime Minister's plans to cut migration future showed "very negative messages" towards migrants. The government insist it is still working towards reducing net migration to 100,000 per year. [...]
Wells Fargo sets aside even more to deal with the fallout from its accounts scandal November 3, 2016 Wells Fargo revealed today that up to $1.7bn (£1.4bn) has been set aside to deal with legal costs from its fake accounts scandal. The troubled financial giant's filings were not fun reading for investors – barely a week after it announced it would be paying out $185m for a fine to settle allegations that employees had created [...]
Prepare for London’s first 4DX cinema – complete with bubbles, scents and motion chairs November 3, 2016 Cinema is about to get even more thrilling with London's first 4DX theatre due to open in Wandsworth next month. 3D? IMAX? That's so old news. Get ready for the latest in cutting edge cinematic viewing – 4DX – with special effects to stimulate all five of your senses at a new screen in Cineworld Wandsworth. The [...]
