JP Morgan raised its forecast for the UK economy's growth in the third quarter this year. They are now predicting 0.4 percent growth between July and September, instead of 0.3 percent previously, based on the good GDP figures and retail sales data. JP Morgan has some exciting updates related to growth predictions for the UK. …
The giant chain for arts and crafts, Hobbycraft, is close to changing hands to Modella Capital, a specialist investment firm. This sale could be closed soon and would represent a change in ownership from private equity firm Bridgepoint. It might value the company between £60 million and £70 million, significantly below where it was sold …
Things turned awry in a routine rocket engine test, producing a towering inferno as the launch pad went ablaze during the experiment. Expected to simulate the moment of a rocket under thrust sampling, fire just sprang out from the side of the device as an explosion brought more focus on the experiment. The team is …
European markets were down on Tuesday while, in the US, indices were relatively flat. The FTSE 100 saw a 1% drop amid losses from leading companies, with European indices posting mixed results. Investors anxiously look to a speech by Federal Reserve chair Jerome Powell for clues about future interest-rate policy. European and US markets diverged …
Losing nearly £1 billion in market value, BT received a setback as Sky has announced that it will enter CityFibre's network to offer broadband. This is another axe applied to BT's Openreach business, which has already resulted in a huge share price drop of BT. Tuesday, weirdly, it offered up an almost £1 billion hit …
Stephen Chamberlain, a British tech personality, was killed after he was hit by a car while jogging in Cambridgeshire. This follows the news that a superyacht with his former colleague Mike Lynch on board had sunk a week before. On the heels of this tragedy, Lynch and Chamberlain have just been cleared of all charges …
This August bank holiday is set to be the busiest on UK roads in nearly a decade, with 19.2 million journeys expected. Major traffic delays are anticipated due to day trips, festivals, and rail disruptions. Motorists are advised to prepare for long waits, ensure their vehicles are ready, and travel early to avoid the worst …
Heavily indebted Thames Water is in trouble over financing, after being blocked by watchdog Ofwat from hitting customers with bills for nearly £157m to close its pension gap. With time running out, the government breathing down its neck, the company now has to bear the brunt of the deficit created by its own management and …
Alstom awarded £60 million contract for the refurbishment of CrossCountry's Voyager trains following an earlier warning from the company against job losses caused by low orders. The refurbishment includes new seats and technology as part of the commitment that will keep the Voyager fleet in service up until 2031. Now the major train manufacturer Alstom …
The expansion of London City Airport, increasing its passenger capacity from 6.5 million to 9 million each year, has been given the go-ahead by the government amidst furious ill-wishes from climate campaigners and locals. All these extra flights will depart and arrive on weekends and early mornings, and this has been a big worry for …
The US Federal Reserve may lower interest rates as early as September to relieve some pressure on households and businesses. This might be a boost in the upcoming presidential election for Kamala Harris. Mixed signals are coming in from the job market, so everyone's eye is on the Fed's next move. It's an unexpected fillip …
Birmingham, the country's largest local council, was in a fiscal disaster-land, but this had nothing to do with the highly publicized equal pay claims. Recent revelations indicate that a bungled installation of an IT system was the real villain leading the city toward effective bankruptcy. Had it been ensured that just this one issue was …
Barratt Developments and Redrow Plc are pushing for a £2.5 billion merger despite the concerns of a competition watchdog. This massive deal could see mass redundancies at their operations but will bring top-quality housing to the UK. The companies are still optimistic about persuading regulators that the deal is worthwhile very soon. One of the …
This fall, energy bills in Great Britain are expected to further go up by 9% to £1,714 on average per annum for both gas and electricity. The projection is according to analysts from Cornwall Insight. Households in the country are, therefore, going to be grappling with higher charges right at the onset of winter, in …
