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UK restaurant closures surge as consumers lose appetite to spend

Mon, 17th Dec 2018 00:01More than 1,000 restaurants went bust in Britain in the year through September, a 24 percent rise on the previous 12 months as the industry grapples with overcapacity as consumer spending slows, accountants Moore Stephens said on Monday. Restaurant chains such as Carluccio's, Prezzo,...

Asking prices for UK homes show biggest 2-month fall in 6 years-Rightmove

Mon, 17th Dec 2018 00:01Asking prices for properties being put up for sale in Britain have suffered their biggest fall over a two-month period since 2012, property website Rightmove said, the latest sign of a slowdown in the housing market ahead of Brexit. Average asking prices for new...

Uber welcomes, unions criticise UK plan to maintain flexible gig economy

Mon, 17th Dec 2018 00:01Uber Technologies Inc welcomed on Monday the British government's response to a review into workplace rights, which looks set to preserve the business models of gig economy companies, but unions rubbished the business ministry's plans. Firms like Uber, best-known for its ride-hailing service, and food...

UK signs air service deal with Switzerland for post-Brexit flights

Mon, 17th Dec 2018 00:01British transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit. Britain is due to leave the European Union in March next year, but uncertainty over how, or even...

UK consumer spending falls by most since July in run-up to Brexit – Visa data

Mon, 17th Dec 2018 00:01British consumer spending fell by the most since July last month, payments company Visa said on Tuesday, adding to signs of slowing economic growth towards the end of the year. Consumer spending dropped 0.7 percent year-on-year in November, a sharper decline than October's 0.2...

Renault seeks Nissan shareholder meeting as Ghosn crisis deepens

Sun, 16th Dec 2018 21:52Renault requested a full Nissan shareholder meeting, a source close to the company said - appearing to escalate the carmaker's standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn. Thierry Bollore, the French group's...

Week ahead: Fed and BoE in focus

Sun, 16th Dec 2018 20:57(Sharecast News) - Central bank policy decisions in the UK and the US are likely to garner the most attention this week, with policymakers at both the Bank of England and US Federal Reserve set to meet and decide on...

Recent market "jolt" will be first of many as easy money era ends, says BIS

Sun, 16th Dec 2018 17:00Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday. The year has been a tough one,...

Canadian regulator to fine Glencore-controlled miner over Congo -WSJ

Sun, 16th Dec 2018 16:59Dec 16 (Reuters) - A Glencore PLC-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli man close to Congolese President...

Sunday share tips: GVC Holdings, Findel, Codemasters

Sun, 16th Dec 2018 16:35(Sharecast News) - A round-up of share tips from the Sunday newspapers, including GVC Holdings in the Sunday Times, Findel in the Mail on Sunday and Codemasters in the Sunday Telegraph.
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