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Michael Gordona

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Michael Gordona is the Business and Economics Editor at Investor Times
National Express buys 60% stake in WeDriveU

National Express buys 60% stake in Silicon Valley shuttle company

National Express has bought a 60% stake in US firm WeDriveU for $84.3 million. WeDriveU provides employee shuttle...
CBI responds to new Article 50 extension

CBI welcomes Brexit extension

The Ibec/CBI Joint Business Council (JBC) have welcomed the European Council decision to extend the Brexit deadline until 31 October 2019 in...
GDP grew 0.3% in the three months to February 2019

UK Economy performs better than expected

The UK economy performed stronger than expected, with GDP growing by 0.3% in the three months to February 2019, despite concerns around...
Tesco profits up 34%

Tesco doubles dividend as profits surge

Tesco have almost doubled it dividend to 5.77p per share, a huge 92.3% increase from the previous year. The increase comes after...
Business activity falls for first time in over 2 years

Business activity declines for the first time in over two years

The latest data for March has shown a marginal reduction in business activity across the UK service sector, ending just over two...
Manufacturers stockpile at record levels

UK Manufacturers stockpile at record levels

UK Manufacturing hit a 13-month high in March, as companies stepped up production in advance of Brexit, with stockpiling rising to record...
Singapore - joint most expensive city in world

Most expensive cities in the world

The 2019 Worldwide Cost of Living survey by the EIU has revealed the top ten most expensive cities. For the first time...
Employment rate highest since 1971

UK employment at highest level for 48 years

UK employment rate hit its highest level since 1971, with unemployment falling to 3.9% in the three months...
JD Sports buts Footasylum for £90.1m

JD Sports to buy Footasylum for £90 million

JD Sports has made an offer to buy clothing and shoe retailer Footasylum for £90.1 million. JD, which acquired approximately 18.7 per...
691 million contactless card transactions in the UK in December 2018

691 million contactless payments in one month

There were 691 million contactless card payments in the UK in December 2018, a 27.5 per cent increase from the same month...