Time Warner posts strong results in the wake of AT&T deal November 2, 2016 Time Warner boosted its outlook for the year on the back of the news it will be bought by AT&T in a deal announced last week for $85bn (£69bn). The media giant said revenue and operating income were up in its cable TV and film businesses. These were above expectations from Wall Street and show why the [...]
Sirius Minerals shares tank as it reveals plans for new mine in Yorkshire – paid for by selling shares on the cheap November 2, 2016 Shares in Sirius Minerals were down 11 per cent today as the company released plans to secure $1.2bn worth of funding for a new mine in North Yorkshire. The company said it had secured $300m (£250m) from Gina Rinehart, the Australian boss of Hancock Prospecting, but it will raise the rest of the money by issuing new [...]
This brewer just launched a beer made from cloud water November 2, 2016 An Edinburgh-based brewer has just launched its new beer – made using water harvested from clouds. A team of four from Innis & Gunn flew an airbourne device over Dumfries and Galloway in Scotland to collect cloud water, which was used to make 500 pints of its new India pale ale. Read more: Kim Jong-un slashes beer [...]
Brexit will test the UK’s constitutional framework to the limits, a new think tank report says November 2, 2016 Brexit will test the UK's constitutional and legal frameworks to the limit as the public have unleashed "a process as complex as it is unpredictable", a think tank has said. A report out from The UK in a Changing Europe, commissioned by the Political Studies Association, says British politics is "being reshaped" and "our institutions tested" as it [...]
Sterling hits two-week high against the dollar as fears over Trump presidency take their toll November 2, 2016 Sterling rose to a two-week high against the dollar this morning pushed by uncertainty surrounding the US elections. The pound, which has fallen by around 20 per cent since the UK voted to leave the EU, has taken a slight boost today. It has risen around one per cent this week, also pushed up by the news [...]
The ballot box pen/pencil argument has reared its ugly head yet again November 2, 2016 Voters could be able to cast their ballot with a pen in future after fears that pencils could lead to fraud. The Electoral Commission received around 200 calls from worried voters about the issue around the time of the EU referendum in June. Many Twitter users posted online that they were using pens because of [...]
Moody’s say it could downgrade the UK’s credit rating again if it gets a poor Brexit deal November 2, 2016 Moody's says it would downgrade the UK's credit rating again if it lost access to the Single Market in a Brexit deal. The ratings agency revealed this morning that if the UK were to get a poor Brexit deal, which would "materially weaken medium-term growth and the credibility of UK fiscal policy [would be] undermined". "We would [...]
Three in four bankers think London will remain the financial capital of Europe November 2, 2016 Nearly three in four bankers think that London will still be the financial centre of Europe in five years time – even after the UK leaves the EU. According to a survey of 80 banking executives released by Synechron, 72 per cent said they think the UK will remain the most attractive place for financial [...]
CBI seeks R&D investment boost in Autumn Statement to offset weaker GDP growth forecast November 2, 2016 The CBI is urging the chancellor to provide investment in infrastructure and research and development in the upcoming Autumn Statement, to offset its lower predictions of GDP growth. The business group has revised its GDP growth forecasts down from two per cent to 1.3 per cent for next year and it expects business uncertainty to [...]
RMT rally outside parliament against guard-less trains on Southern Rail services November 1, 2016 A national protest against Southern Rail's plans to cut guards on trains took place in London this afternoon, as conductors are set to strike again later this week. Up to 200 opponents of the rail firm's plans organised in Old Palace Yard before making their way to a committee room in parliament. Speakers were due to [...]
