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Archive for August, 2017

Currency rates hit new low at airport bureaux de change

August 31, 2017

Travellers buying their currencies at UK airports are being offered as little as 86 euro cents to the pound. Foreign exchange broker FairFx, which carried out a survey for the BBC, said this rate, from Moneycorp at Southampton airport, was the worst at any airport bureau de change. The average euro rate across 16 big […]

Eurozone inflation rate rises to 1.5%

The inflation rate in the eurozone rose to a higher-than-expected 1.5% in August, according to Eurostat, the European Union’s statistics office. The preliminary estimate for the month was up from July’s rate of 1.3%. Inflation in the 19-nation bloc remains well below the European Central Bank’s target of close to, but below, 2%. Separately, the unemployment rate in the […]

Macron government launches overhaul of France’s labour laws

President Emmanuel Macron’s government has begun its drive to overhaul France’s rigid labour laws, vowing to “free up the energy of the workforce”. The reforms aim to make it easier for bosses to hire and fire. Prime Minister Edouard Philippe said they were ambitious, balanced and fair but it was natural that not everyone would […]

Big fall in cash Isa investments

The amount of money put into cash Individual Savings Accounts (Isas) has fallen by a third year-on-year, as low interest rates and tax changes make them less attractive to savers. In the 2015-16 financial year, cash ISA holders paid £58.7bn into them. But in 2016-17, only £39.2bn of new money went in, according to latest […]

John Lewis to sell plumbers and builders

Finding the right person to handle jobs around your home has always been a difficult task. But now help may be on hand from an unlikely source, as a firm better known for selling you home appliances and furnishings wades into the market. John Lewis has already spent the summer testing out its Home Solutions […]

India’s growth rate slows as new sales tax confuses firms

India’s economy grew at its slowest pace for three years in the April-to-June quarter, official figures show. The economy grew by 5.7% compared with a year earlier, down from a rate of 6.1% in the previous quarter. Many analysts had expected the economy to bounce back after the government’s crackdown on black market cash last […]

Great British Bake Off is ratings success for Channel 4

August 30, 2017

The first episode of Channel 4’s The Great British Bake Off was watched live by an average of 5.8 million viewers. The audience for the launch show rose to 6.5 million when those watching on +1 were included in the figures. It’s the lowest figure for an opening episode of GBBO since 2013 – when […]

Mini electric car design revealed by BMW

German carmaker BMW has unveiled the basic design for the full-production electric version of the next Mini car. In July, the carmaker confirmed the fully electric version of the three-door Mini would go into production at its Cowley plant in Oxford in 2019. A Mini E electric car was launched in 2008 for extensive field trials. […]

Houston reels as Storm Harvey bears down on Louisiana

Tropical Storm Harvey has made landfall again in the US state of Louisiana after hovering in the Gulf of Mexico. Low-lying New Orleans, devastated by 2005’s Hurricane Katrina, is bracing to receive up to 10in (25cm) of rain in 36 hours, with a risk of flash floods. The storm, which previously reached hurricane status, has […]

Movies go back to the future to revive box office sales

Is it ironic or pure chance that the film industry is looking to movies that were first shown in the 1970s and 1980s to revive box office receipts in 2017? Set 30 years after the original, Blade Runner 2049 will be released in October. Meanwhile, Star Wars: The Last Jedi, the eighth film in a […]

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