Economy

Under the Act, a prime minister can hold an election ahead of schedule if at least two-thirds of MPs in the House of Commons (434 out of 650) vote in for a motion calling for one. May enjoys a runaway lead in opinion polls over the main opposition Labour Party, and the British economy has so far defied predictions of a slowdown, offering her a strong base to launch a poll some lawmakers described as "opportunistic".
  • United Kingdom delays decision on Sky merger approval

    United Kingdom delays decision on Sky merger approval

    Economy

    Sky shareholders would receive £10.75 cash for each share, valuing the entire company at £18.5 billion. Karen Bradley said Friday she would give regulators more time to offer submissions on the matter because the upcoming June 8 British election.
  • Bill O'Reilly's departure creates new challenges for Fox

    Economy

    O'Reilly's downfall comes less than a year after the exit of Fox News founder and CEO, Roger Ailes, after it emerged he too was the subject of a series of sexual harassment lawsuits. Estimates are that "The O'Reilly Factor " pulled in around $140 million in national TV advertising, according to iSpot.tv. Whether O'Reilly's official departure-and Carlson's show time change-will bump ratings even higher will remain to be seen.
  • United Kingdom retail sales plunged in March

    Economy

    The figures also showed that overall retail sales, which predominantly take place in store, was up by 1.7% in March 2016 compared to the previous year, but down by 1.8% compared to the previous month, February 2017, as average store prices, including fuel, rose by 3.3% - the largest growth since March 2012.
  • More Cops Suspended As Passenger Dragged Off United Jet Prepares To Sue

    More Cops Suspended As Passenger Dragged Off United Jet Prepares To Sue

    Economy

    Like you, I continue to be disturbed by what happened on this flight and I deeply apologize to the customer forcibly removed and to all the customers aboard. The CEO added that he didn't issue a more in-depth apology until Tuesday because "the expression of apology is important in a discussion like this".
  • Oil prices dip on bloated United States market, mixed Saudi signals

    Oil prices dip on bloated United States market, mixed Saudi signals

    Economy

    EIA reported crude oil stocks down 1 million barrels and total stocks down 1.1 million barrels from one year ago. Hedge funds boosted bets on higher West Texas Intermediate crude prices a second week as futures topped $53 a barrel for the first time in a month, US Commodity Futures Trading Commission data show.
  • Oil prices up for 3rd straight week

    Oil prices up for 3rd straight week

    Economy

    West Texas Intermediate for May delivery fell as much as 55 cents to $52.63 a barrel on the New York Mercantile Exchange, before trading at $52.75 a barrel at 12:43 p.m.in Singapore . Output from the Permian play, the country's largest shale region, was expected to reach a record 2.36 million bpd. The energy minister of OPEC member the United Arab Emirates said on Tuesday he saw healthy oil demand growth this year and believed inventories would fall, but that it would take more time to ...
  • Snap poll puts the brakes on rise in probate fees

    Snap poll puts the brakes on rise in probate fees

    Economy

    Estates worth more than £50,000 and up to £300,000 would have attracted fees of £300, rising to £20,000 for those valued at more than £2m. Estates exceeding £1.6 million up to £2 million: Fees to rise to £12,000. Mr Webb said: "The Government is treating bereaved families as if they were a "nice little earner". It is one thing to make a reasonable charge for the provision of a public service.
  • BP Tries to Secure Leaking Oil and Natural Gas Well in Alaska

    Economy

    What's more, an earlier statement from the Unified Command Task Force tackling the spill said that the amount of oil leaked was small compared to the amount of gas that is being released. Environmentalists, describing the well as "out of control", called on the state to investigate. The BP leak comes on the heels of pipeline leaks in Alaska's Cook Inlet off Anchorage.
  • Pagegroup PLC (PAGE) Upgraded by Credit Suisse Group AG to

    Pagegroup PLC (PAGE) Upgraded by Credit Suisse Group AG to "Neutral"

    Economy

    Other analysts have also recently issued reports about the company. Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $348,854 activity. The firm now has a GBX 330 ($4.15) price target on the investment management service provider's stock. It now has negative earnings. The insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans, and drawdown ...