These numbers show why commuting in London isn’t as bad as you think March 26, 2014 Some comforting news for those of us who live in the Big Smoke. Londoners have the shortest commute to work in the country – travelling an average of just 11km to get to work. According to new data from the Office for National Statistics, which compares 2001 census numbers against those from 2011, when the [...]
Loan brokers to beat government to SME referrals site March 26, 2014 Business loan brokers are setting up a new site to let small businesses compare and apply for credit, beating the government’s new referral scheme. Chancellor George Osborne fears small firms are not getting the credit they need to grow. So in the budget he announced big banks will have to refer any rejected customers to [...]
Centrica shares drop after SSE price freeze receives warm welcome March 26, 2014 SSE’s business plan and price freeze until 2016 has proved popular across the board today. Unless you’re in the renewable energy camp, who are pretty peeved that the energy firm is cutting its offshore wind portfolio to offset said price freeze. Politicians were battling to take credit for the consumer-friendly move at PMQs, with Labour [...]
What you need to know before the US open March 26, 2014 US markets are expected to open up today, with stock futures up and eyes on Facebook shares, following its announcement that its acquired Oculus for $2bn in cash and stock. There’s also some recent economic data to chew over. Figures out on durable goods orders show orders rose 2.2 per cent in February – lifted [...]
Boeing orders see US durable goods swell in February March 26, 2014 The latest macro data from the US sees headline durable goods orders rise by 2.2 per cent in February. Analysts had expected growth of just one per cent this month. But ignore the Boeing effects from strong orders, and the numbers are far less attractive. Excluding transportation, orders growth is a tepid 0.2 per cent, [...]
Why open borders should be the West’s peaceful response to Russian aggression March 26, 2014 Western nations have responded to Russia's annexation of Crimea with moral condemnation and a series of sanctions against individuals with close ties to the Kremlin. On 21 March, the EU extended visa restrictions to a further 12 individuals. Later today Barack Obama will meet with EU leaders to discuss a response to Russia's actions, after [...]
Just-Eat opts to be first member of LSE’s High Growth Segment March 26, 2014 The prospectus of takeaway website company Just-Eat has revealed that it plans to join the London Stock Exchange's High Growth Segment. By doing so, it won't have to sell off as much stock to be listed. The High Growth Segment has a lower free float requirement, with a minimum threshold of 10 per cent, as [...]
FCA hits Santander UK with £12.4m fine March 26, 2014 The Financial Conduct Authority has fined Santander UK £12.4m for “widespread investment advice failings”. The regulator said there was “significant risk” of the lender giving unsuitable advice to its customers. It's also found an “inadequate” approach to considering investors’ risk appetites and, when it came to some customers, the bank apparently failed to regularly check [...]
The UK’s 50 biggest companies that still have all-male boards March 26, 2014 UK companies are closing in on a government target to see women in 25 per cent of FTSE 100 board positions. That's according to the 2014 Cranfield Female FTSE board report, which shows that just 48 more women are needed on the boards of Britain's top companies for the target to be met. Just two [...]
One Reddit user said Zuck was visiting Oculus’ offices a month ago – and everyone ignored him March 26, 2014 The latest addition to Mark Zuckerberg's Facebook empire has gotten many of Reddit's users very heated up. A part of the messageboard dedicated to Oculus Rift, which the social media giant announced it would be acquiring yesterday, is filled with anti-Facebook entries. Maybe that's why one user was ignored when he reported that the Facebook [...]