Wm. Morrison Supermarkets posted it first full-year profits in five years Thursday but cautioned on “uncertain” conditions for grocery store companies in 2017. Wm. Morrison Supermarkets plc posted it first full-year profits in five years Thursday but cautioned on “uncertain” conditions for grocery store companies in 2017.
Category: United Kingdom
Standard Life to Buy Aberdeen in $4.7 Billion Stock Deal
Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds , a deal that would create one of Europe’s biggest fund managers. Their stock soared.
Kenyan Minister Opposes Regulations to Break Up Vodafone Unit
Kenya’s government opposes using regulation to force East Africa’s biggest mobile operator Safaricom Ltd. to be broken up, after a draft study found the company is dominant in the country’s telecommunications industry, Information, Communications and Technology Secretary Joseph Mucheru said. The government disapproves of measures that would stifle innovation as it wants companies to expand by investing in new products and technology, Mucheru said in an interview Friday from the capital, Nairobi.
Standard Life Eyes Aberdeen to Create $811 Billion Manager
Standard Life Plc, Scotland’s largest insurer, is in talks to acquire Aberdeen Asset Management Plc, creating one of Europe’s biggest fund managers overseeing 660 billion pounds . Under the terms of the potential deal, Standard Life shareholders would own 66.7 percent of the combined group, according to a joint statement on Saturday.
Motorola’s hot new phone is impressive, but it’s totally soulless
It’s all brushed aluminium and black mirrors, sweeping curves and endless gleaming glass. They’re like a miniature model of the City of London in your pocket.
In The Trump Age, Developers Are Building Apps To Help Refugees
The refugee ban has led to the creation of several new apps designed to help refugees, who often carry smartphones. For refugees escaping conflict in the Middle East and elsewhere, simply communicating with people in new countries can be a big challenge.
Queen’s 65-year reign a milestone in a record-breaking life
Britain’s Queen Elizabeth II stops to receive flowers from 3-year old Jessica Atfield, after the queen and her husband Duke of Edinburgh, attended a church service at St Peter and St Paul church in West Newton, England, Sunday Feb. 5, 2017. The Queen is to make history on Monday Feb. 6, when she becomes the first British monarch to reach the Sapphire Jubilee, marking the 65th.
Pound’s Slump on Brexit Tempts Middle Eastern Property Buyers
Brexit put the brakes on U.K. commercial property investment for most overseas buyers. For those from the Middle East, the subsequent slump in the pound and a rebound in commodities outweighs the risk to values.
Pound’s Slump on Brexit Tempts Middle Eastern Property Buyers
Brexit put the brakes on U.K. commercial property investment for most overseas buyers. For those from the Middle East, the subsequent slump in the pound and a rebound in commodities outweighs the risk to values.
UK government loses Brexit case, must consult Parliament
Britain’s Supreme Court ruled Tuesday that Prime Minister Theresa May must get legislative approval to start the process of leaving the European Union, raising the possibility that lawmakers will delay her plans to trigger negotiations by the end of March. The 8-3 decision forces the government to put a bill before Parliament, giving members of the House of Commons and the unelected House of Lords the chance to debate and potentially offer amendments that could soften the terms of Britain’s exit from the EU, known as Brexit.
UK to boost technical skills as part of industrial strategy
The prime minister is due to set out the strategy on Monday at her first regional cabinet meeting, being held in north-west England. But she told BBC One’s Andrew Marr Show that among a “variety of things” being introduced she wants to “put an emphasis on technical education”.
May Insists Banks of – Huge Value’ as They Step Up Plans to Exit
Theresa May offered her strongest support yet for London’s financial district, insisting that banks are of “huge value” to the U.K. economy as executives signaled they were accelerating plans to move staff abroad after Brexit. “I value financial services in the City of London, and I want to ensure that we can keep financial services in the City of London,” the prime minister said in an interview with Bloomberg editor-in-chief John Micklethwait at the World Economic Forum in Davos, Switzerland, on Thursday.
U.K. Parliament Approves David Clementi as BBC Chair
A committee questioned him about such topics as whether the U.K. public broadcaster should launch a new version of ‘The Great British Bake Off’ after losing the baking competition to Channel 4. David Clementi is one step closer to becoming chair of a newly organized BBC board after winning approval for his appointment in the U.K. parliament. The British government last week unveiled Clementi, a former Bank of England deputy governor, as its preferred candidate for the BBC chair role.
Britain PM Theresa May Sets ‘Hard Brexit’ Course
Britain’s Prime Minister, Theresa May, speaks to the media outside number 10 Downing Street, in central London, Britain July 13, 2016. REUTERS/Peter Nicholls/File Photo Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world’s largest trading bloc.
House price inflation picking up again, ONS says
House price inflation picked up to 6.7% in the year to the end of November, according to the Office for National Statistics . The average price of a UK home in November was A 218,000, according to the ONS and Land Registry data.
Bentley Just Created the Perfect $240,000 Luxury Car, and I Got to Drive It
It takes more than 130 hours to handcraft each Flying Spur that rolls off the assembly lines at Bentley’s factory in Crewe, England. And believe me, Bentley’s historically obsessive attention to detail showed up in the Flying Spur V8 S in “extreme silver” that I had in my possession recently.
Bentley Just Created the Perfect $240,000 Luxury Car, and I Got to Drive It
It takes more than 130 hours to handcraft each Flying Spur that rolls off the assembly lines at Bentley’s factory in Crewe, England. And believe me, Bentley’s historically obsessive attention to detail showed up in the Flying Spur V8 S in “extreme silver” that I had in my possession recently.
EasyJet Slips Off Pace Set by Ryanair on Terror, Brexit Squeeze
EasyJet Plc’s passenger count increased at less than half the pace of its low-cost rivals last year as Europe’s second-biggest discount carrier struggled with its exposure to the British and French travel markets. Customer numbers increased 6.6 percent to 74.4 million in 2016, Luton, England-based EasyJet said Friday.
Why Bank of America’s Stock Climbed 34% in 2016
Shares of the bank dove deep at the beginning of 2016 only to then rise abruptly to end the year. All told, Bank of America’s stock gained more than 30% this year.
Britons Hoard Cash as Economic Uncertainties Prompt Caution
Britons are holding onto their cash in a sign that they may be hunkering down in the face of economic uncertainties, according to the British Bankers Association. Personal deposits grew an annual 4.8 percent in November, data compiled by the BBA show.
Tesla Raises U.K. Prices After Brexit Vote
One of the world’s most devoted gearhead clubs is about to get a little pricier in the U.K. as a result of the country’s vote to leave the European Union. Tesla Motors will increase prices in the U.K. by 5% in 2017, a move attributed to the falling pound and described as “due to currency fluctuations,” a company spokeswoman said.
Sweetgreen Is Going Fully Cashless In 2017
What’s in your wallet? In 2017, Sweetgreen will go fully cashless in all 64 of its stores after successfully testing the concept for about a year, cofounders Jonathan Neman and Nicolas Jammet tell Fast Company . Next year, the fast-casual restaurant chain plans on opening another 30 storefronts in the eight markets where it currently does business.
Flybe Names Ex-CityJet Head as New Chief to Lead Heathrow Push
Flybe Group Plc, Europe’s biggest regional airline, appointed Christine Ourmieres-Widener as its chief executive officer, succeeding Saad Hammad, who stood down in October after struggling to lift earnings. Ourmieres-Widener, an executive at Air France before she ran fellow regional operator CityJet Ltd. between 2010 and 2015, takes over Jan. 16, Flybe said in a statement Tuesday.