Business NEWS

Buyer demand outstrips number of UK homes for sale during November

House prices in the UK are predicted to continue to rise in 2014, according to the Royal Institution of Chartered Surveyors (RICS), which released its UK Residential Market Survey on Monday. The independent, … Continue reading “Buyer demand outstrips number of UK homes for sale during November”


JCB to expand operations in Staffordshire and create 2,500 jobs by 2018

Construction and agricultural equipment manufacturer JCB announced on Friday that its planned investment of GBP150m, for expansion of operations in Staffordshire over the next five years, has been welcomed by the Chancellor of … Continue reading “JCB to expand operations in Staffordshire and create 2,500 jobs by 2018”


Elephant & Castle Shopping Centre acquired by Delancey and APG for GBP80m

The Elephant & Castle Shopping Centre, a retail, leisure and office complex of 327,000 sq ft in Central London, has been sold for GBP80m to property developer Delancey and its joint venture partner … Continue reading “Elephant & Castle Shopping Centre acquired by Delancey and APG for GBP80m”


Npower sells Electricity Plus and Gas Plus subsidiaries to Telecom Plus for GBP218m

Competition in the UK domestic energy supply market is set to be enhanced according to UK energy company RWE npower, which announced on Wednesday that npower Limited is to sell its subsidiaries, Electricity … Continue reading “Npower sells Electricity Plus and Gas Plus subsidiaries to Telecom Plus for GBP218m”


UK car industry to get GBP75m in government funding to design energy efficient cars of the future

A GBP75m fund has been launched by the UK government that will enable automotive businesses to create new low carbon technologies in order to make cars more energy efficient and also help safeguard … Continue reading “UK car industry to get GBP75m in government funding to design energy efficient cars of the future”


Budget retailer Primark achieves 22% growth in sales in 2013

A rise in sales for budget clothing retailer Primark has boosted the profits of its owner Associated British Foods, the BBC reported today. Primark’s revenue increased by 22%, to GBP4.27bn, for the year … Continue reading “Budget retailer Primark achieves 22% growth in sales in 2013”


UK Government to reform pension charges

┬áRadical reforms to pension charges are to be brought forward by the UK Government, which will reduce the charges on pension schemes used for auto-enrollment, HM Treasury and Department for Work & Pensions … Continue reading “UK Government to reform pension charges”


SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013

Perth-based electricity and gas company SSE, which operates mainly in the UK and Ireland, stated today that its retail arm is expected to report a loss on its adjusted profit before tax in … Continue reading “SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013”


Board of UK motor dealer HR Owen recommends offer from BPI to shareholders

UK franchised motor dealer HR Owen Plc (LON:HRO) said today that its board had recommended that shareholders should tender their shares in the increased GBP1.70 (USD2.69/EUR2.02) per share offer from investment holding company … Continue reading “Board of UK motor dealer HR Owen recommends offer from BPI to shareholders”


The London Taxi Company resumes construction of the traditional black cab

The London Taxi Company has restarted production of the TX4 black cab at its manufacturing facilities in Coventry, the Society of Motor Manufacturers and Traders (SMMT) announced today. LTC was rescued from the … Continue reading “The London Taxi Company resumes construction of the traditional black cab”


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