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2019-12-06 17:17:13| Guardian Unlimited Business - more business news

Cartel will axe further 500,000 barrels a day to prevent supply glut as global economy faltersOpec and its allies have agreed to cut an extra 500,000 barrels of oil a day from the global market next year to help prop up prices amid fears of an economic slowdown.The alliance decided at a meeting in Vienna to deepen its production cuts after reining in output for three years to prevent an oversupply of crude from dragging down prices. Continue reading...


Category: News and Media

 

2019-12-06 17:10:18| Guardian Unlimited Business - more business news

It makes sense to borrow when interest rates are low. Yet much of the public is still attached to the slogans of 2010A lost decade for the British economy is coming to a suitably downbeat end. The latest snapshots of business activity point to stagnant growth in the final three months of the year and it could be even worse than that. If the economy decides elections, the Conservatives should be heading for a thumping defeat next week. They have been in power for nine years, their record is unimpressive, confidence is low, and they are offering little in the way of tax cuts and spending increases.In the circumstances, the idea that the Conservatives might win seats next week rather than suffer a heavy defeat takes some explaining. Continue reading...


Category: News and Media

 

2019-12-06 17:05:26| Guardian Unlimited Business - more business news

The trailer is not only a shopfront for the film but also for some of the worlds priciest brandsThe official trailer for the new Bond film, No Time to Die, was released only on Wednesday but has already been viewed tens of millions of times, which is an efficient sales job for a film its producers hope will make at least $1bn.Appetites have been whetted and nerves calmed in the run-up to the films release in April after a bumpy production. The budget for the movie Daniel Craigs last in the lead role is estimated to have exceeded $250m (190m), having rocketed after the departure of the director Danny Boyle in August 2018, who left at the 11th-hour citing creative differences. Continue reading...


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2019-12-06 16:57:28| Guardian Unlimited Business - more business news

Virgin Trains reaches the end of the line on Saturday. How will it be remembered?At 13 minutes to midnight on Saturday the last Virgin Trains service, after 22 years, will roll into Wolverhampton station. The trademark red carriages have already been painted white and stripped of all their Virgin branding. Starting Sunday, they will be repainted green, as a new name in British train travel, Avanti, takes over the west coast mainline from London to Glasgow.Virgin Trains has been in operation for almost the whole of the privatised rail era and the brand has become a byword for the best and worst of the reformed railways. Continue reading...


Category: News and Media

 

2019-12-06 16:35:44| Guardian Unlimited Business - more business news

Camera retailer owned by Dragons Den panellist Peter Jones puts property arm into administrationCamera retailer Jessops has called in administrators to its property arm, putting 500 jobs at risk.The business, which is controlled by Dragons Den panellist Peter Jones, has been considering a restructure for several months and first warned it may have to call in administrators in October. Continue reading...


Category: News and Media

 

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