The Bank of England has selected the Atlantic puffin, barn owl, buff-tailed bumblebee, and European hedgehog to feature on its next series of banknotes. The animals will become the main images on the four denominations: £5, £10, £20 and £50. However, the Bank has not yet decided which animal will appear on each note. The announcement published
Bank of England Chooses Four Animals for Next Banknote Series Read More »
The Canadian branch of the Weston family has agreed to buy Boots from Sycamore Partners and the Pessina family in a deal valued at approximately $8.9 billion, including debt. The agreement was announced on Wednesday, 7 October. The purchase has not yet completed. According to Fairfax Financial’s announcement, distributed through GlobeNewswire and republished by CentralCharts, completion
Canada’s Weston Family Agrees $8.9bn Boots Takeover Read More »
UK house prices were unchanged in September compared with both August and a year earlier, according to figures released by Lloyds on Wednesday. The Lloyds House Price Index put the average property price at £298,441. Prices were down 0.2% on a quarterly basis. The flat monthly reading followed a revised 0.3% decline in August, suggesting a
UK house prices hold steady in September as mortgage costs weigh on buyers Read More »
UK-listed events company Informa has agreed to buy Clarion Events from Blackstone for £2.24 billion, while starting a process to separate its academic publishing business, Taylor & Francis. The two moves would leave Informa more focused on conferences, exhibitions and other events for businesses. Clarion, which is based in the UK, runs more than 100
Informa agrees £2.24bn Clarion deal and plans Taylor & Francis separation Read More »
Officials from the United Arab Emirates have warned that Manchester City’s possible punishment could affect their appetite for major future investments in the UK, according to reports by Bloomberg and The Telegraph. The Telegraph reported that potential Emirati funding for the Oxford–Cambridge technology corridor could be affected. The UK government has sought private investment for the
UAE investment warning reported amid Manchester City appeal Read More »
Canada has placed a proposed oil pipeline to its Pacific coast on a faster federal review path as it seeks to sell more crude beyond the United States. Prime Minister Mark Carney announced on Thursday that the project, now called Pacific Link, had been designated a project of national interest. The decision allows it to
Canada Fast-Tracks Review of Pacific Oil Pipeline to Reduce Reliance on US Read More »
G7 leaders have agreed to coordinate the release of 100 million barrels of oil and fuel reserves over four months in an effort to ease pressure on energy markets. A substantial amount of diesel is due to be released during the first 20 days. The agreement followed a video meeting on Friday chaired by French
G7 Agrees to Release 100 Million Barrels of Fuel Reserves as Diesel Prices Soar Read More »
The Battle of Britain Memorial in Kent could eventually close unless it secures more reliable funding, trustees responsible for the historic site have warned. The national memorial at Capel-le-Ferne costs about £240,000 a year to operate but receives no direct funding from the UK Government. It depends largely on visitors, donations and money left to
Battle of Britain Memorial Faces Long-Term Closure Risk as Costs Rise Read More »
London Gatwick has introduced the UK’s first robotic airport parking service, allowing passengers to leave their cars in a private cabin while an automated machine moves the vehicle into a secure parking area. The airport launched the service in partnership with French technology company Stanley Robotics. It was announced in July and became available to
Gatwick launches UK’s first robotic airport parking service Read More »
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