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London thrives – widening the divide between the capital and the rest of the country

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The London economy has outperformed all other UK regions, increasing by 20.0% between 2009 and 2013 compared with the UK average of 13.4%. London saw the highest percentage increase in workforce jobs between September 2007 and September 2014 with a 15.6% rise. The capital has the highest Gross Disposable Household Income (GDHI) per head in the UK, at £21,446. This is 28% higher than the national average of £16,791. Home prices in London have risen by 49% from their 2009 Q2 trough compared with a 19% increase nationally. Property prices ... Read More »

BT launches new service that lets companies direct and produce personalised video messages

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BT today announced it is incorporating personalised video capabilities into its Cloud Contact portfolio of services, using industry leading technology from Idomoo. This will enable businesses to send short, individually tailored, high-quality videos to millions of customers. The Cloud Contact personalised video service, which has already been piloted by two leading UK retail banks, allows businesses to create a video message template and then easily integrate data relevant to an individual customer to generate a unique and personalised messa... Read More »

Allianz: Money for the infrastructure

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Anyone who has ever experienced a power cut in New York, has had to take a train during rush hour in London or is left stuck in a traffic jam in Cologne because one of the bridges spanning the Rhine has been closed due to technical problems knows exactly what it feels like to bear the direct brunt of inadequate infrastructure expansion. These inadequacies are becoming more and more apparent. Traffic jams in the UK, France, Germany and the US alone cost these four economies a whopping 160 billion euros in 2013. This figure takes into account ... Read More »

Lloyds Banking Group announces BBC Children in Need as Charity of the Year for 2015 and 2016

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Complementing its existing relationship with BBC Children in Need as its first ever Principal Partner and exclusive fundraising partner in schools, Group colleagues will fundraise together with customers to ensure that children and young people in the UK can have a safe, happy and secure childhood and have the opportunity to reach their potential. Helping Britain Prosper Lloyds Banking Group has committed to raising £12million through colleague fundraising for its charities of the year by 2020. The Group’s charity partnership with BBC Chi... Read More »

SSE: Business must play its part in building a fairer society

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Put simply companies need to look at themselves in the mirror and ask if delivering a short-term profit and being commercially successful is enough any more. Do businesses now need to be more mindful of the communities in which they operate? Today (Dec 1st) the new First Minister will address the major players in the Scottish business community and spell out her vision for a fairer and more prosperous society and the role of business in achieving that. Nicola Sturgeon has already said that a strong economy depends on a having a healthy, h... Read More »

Lloyds Bank: Business confidence slips from record high as firms look to global recovery

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Overall business confidence falls from record high in July, but remains well above its long-run average. Business expectations for sales and orders suggest that economic activity will continue to be solid but at a more modest pace in the first half of 2015. UK businesses urged to explore export markets beyond Europe and the US as global recovery remains volatile. The twice-yearly report, now in its 23rd year, gathers the views of over 1,500 UK businesses and tracks the overall “balance” of opinion on a range of important performance and ... Read More »

Barclays: Six out of ten UK homeowners are confused about when interest rate may rise

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Almost half (46 per cent) of homeowners aren’t able to recall what the current Bank of England base rate is Nine in ten (88 per cent) are completely unaware of the Bank of England’s recent interest rate forecast Half of homeowners with variable rate mortgages aren’t aware that their repayments could rise next year Over three quarters (76 per cent) aren’t putting money aside for interest rate increases, despite the Centre of Economic Business (Cebr) predicting a minimum total mortgage payment rise of £723.8 million across the UK Accordi... Read More »

Vodafone: Thirtieth anniversary of first UK mobile phone call

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Britain's first-ever mobile phone call was made on Vodafone’s UK network 30 years ago Michael Harrison, the son of Vodafone’s first Chairman, made the call on 1 January 1985 Thirty years later, Vodafone is an industry leader with 438 million customers, mobile operations in 26 countries and fixed broadband operations in 17 countries Michael Harrison secretly left his family’s New Year’s Eve party at their home in Surrey in the UK to surprise his father, calling him from London’s Parliament Square. Harrison made the historic call from one ... Read More »

Halifax: Greenwich is UK’s top house price performer in 2014

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Based on Halifax's own house price data, the average house price in this south east corner of the capital was 24.6% higher than in the previous year, increasing from £263,183 to £328,044 in 2014. This is a significantly faster increase than in London as a whole, which saw price growth of 13% over the same time. Ealing, in West London, experienced the second biggest rise in average house prices with an increase of 24.5%. Nine of the ten areas with the strongest price growth in the past year are in London; these include Tower Hamlets (22.0%), ... Read More »

DSM to sell Euroresins to Cathay Investments

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Euroresins is a distributor of products to the composite resins industry with activities in nine countries in Europe, including the United Kingdom, Italy and France. Euroresins realizes sales of approximately €90 million with around 70 employees. All employees will on the closing date transfer to the new owner. The sale of Euroresins is in line with the strategic actions DSM is pursuing for Composite Resins, as announced in November 2014. Cathay Investments is the UK holding company for a group of companies engaged in chemical distributio... Read More »

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