Cold weather sees biggest drop in construction since 2009
The ‘Beast from the East’ cold snap in March saw the UK construction industry experience its biggest drop in activity since the aftermath of 2016’s Brexit vote, according to Reuters.…
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New Peugeot van to be built in Luton
Peugeot has unveiled plans to build its new van model at its British Vauxhall plant in Luton, according to Reuters. Peugeot’s owner PSA’s announcement will be seen as a gesture…
HSBC settles US private Libor claims
HSBC Holdings Plc has agreed to pay $100m (£71.3m) to settle private litigation over the Libor rigging scandal in the US, according to Reuters. The bank is the fourth major…
China announces tariff plans for US soybeans, cars and orange juice
China has outlined plans to increase import tariffs on American goods in response to US plans to levy higher taxes on Chinese imports, according to BBC News. Soybeans, cars and…
Brexit fears dent confidence in financial sector
Brexit has had a stronger impact on Britain’s financial sector than the global financial crisis, according to a survey reported by Reuters. Although the financial crisis sent some of the…
Prezzo to close one third of its restaurants
Italian restaurant chain Prezzo is to close around one third of its outlets as part of a restructuring plan to avoid the company going into administration, according to BBC News.…
IFS report: ‘very small’ impact of tariff cuts post-Brexit
A report from the Institute for Fiscal Studies (IFS) has said consumers may see prices fall by up to 1.2% if Britain decides to abolish all tariffs following Brexit, according…
Fed reveals interest rate rise
The US central bank has announced an interest rate rise to a target range of 1.5% to 1.75%, according to BBC News. The Federal Reserve said the 0.25% change was…
Goldman Sachs drops from top three banks for commodities revenue
Goldman Sachs is no longer among the top three commodities banks, according to Reuters. The US-based investment bank has been in the top three chart since Coalition, a data analytics…
Plans for new Northumberland coal mine scuppered
Plans to develop an open cast coal mine in the North East of England have been rejected on climate change grounds, according to Reuters. Last year Northumberland County Council approved…
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