Current Affairs
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Jul- 2016 -15 July
Hatton Garden BID given green light
The businesses of Hatton Garden have voted overwhelmingly in favour of establishing a Business Improvement District (BID) to deliver improvements across the area. Some 79% of businesses voted yes at the ballot (83% by rateable value), endorsing the £2.5m investment plan set out earlier this year by the Hatton garden…
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11 July
National Living Wage has ‘not led to job losses’
The introduction of the National Living Wage (NLW) has not resulted in mass job losses, according to a new study released today (11 July). The report, published by the Resolution Foundation, found employers have responded to the NLW by raising prices (36%) or reducing profits (29%) rather than cutting jobs,…
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Jun- 2016 -27 June
World Gold Council: gold price soars in wake of Brexit
The price of gold bullion has surged following the UK’s decision to leave the EU in last week’s referendum, according to the World Gold Council (WGC). The council said the price of gold jumped to $1,315.50/oz (£988/oz) on 24 June, following the announcement of the referendum. Gold was up 4%…
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24 June
NAJ: The UK’s vote to leave the EU will ‘take some time to settle in’
Michael Rawlinson, CEO of the National Association of Jewellers (NAJ), has said the news of the UK’s vote to leave the EU is going to “take some time to settle in”. In a dramatic night in political history, the UK voted to leave the EU with the Leave campaign edging…
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21 June
VIDEO: CMA warns businesses over price restrictions
The Competition and Markets Authority (CMA) has written an open letter to alert businesses that if suppliers restrict retail prices it can break the law. The open letter follows two recent cases in which businesses were fined a combined total of £3m for engaging in resale price maintenance (RPM), which…
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21 June
Petra recovers 121.26-carat white diamond
Mining firm Petra Diamonds has announced the recovery of a 121.26-carat white diamond from its Cullinan mine in South Africa. The stone is a type II diamond of ‘exceptional colour and clarity’ and is an example of the large and high-quality diamonds the mine is known. The largest rough diamond…
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15 June
Brexit could trigger ‘gold bullion rush’
British online gold bullion and coin dealer, BullionByPost, is forecasting its busiest every trading day of voters decide on a Brexit, citing there could be a ‘gold bullion rush’. Rob Halliday-Stein, who founded the Birmingham-based company in 2008, has predicted that a decision to leave the EU will prompt an…
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15 June
90% of fashion designers against Brexit, claims study
A survey from the British Fashion Council (BFC) has revealed that the majority of UK designer businesses would prefer Britain to remain in the EU. Some 290 designers responded to the survey, with 90% stating their preference to remain in the EU, 4.3% voting to leave, 2.4% were undecided and…
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8 June
Royal Mint to sell gold bars into pensions for first time
The Royal Mint, which supplies all of the UK’s coinage, is to offer investors the chance to own gold bars within their pensions for the first time. The plans will see the Royal Mint offer private individuals and pension scheme providers access to buy and manage gold held within their…
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1 June
Swimwear model jailed for murder of Bristol jeweller
An ex-swimwear model has been jailed for 15 years for murdering her ex-boyfriend – a millionaire and jewellery store owner – in Spain. Mayka Kukucova shot Andrew Bush three times in 2014 at his Spanish villa near Marbella on the Costa del Sol after arriving with his Russian girlfriend Maria…
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