Here’s why plunging Herbalife shares have been halted March 12, 2014 Shares in nutritional supplement company Herbalife have resumed trading some 13 per cent lower, after being halted. They were halted after the US company received a Civil Investigative Demand (CID) from the Federal Trade Commission (FTC). Before that halt they were trading up by 4.5 per cent. The company has said that it "welcomes the [...]
French billionaire brings electric car sharing to London March 12, 2014 Londoners will from next year be able to hire an electric car for 15 minutes at a time, along the lines of the Boris Bike scheme, under plans unveiled by French industrialist Vincent Bollore today. Bollore, the company that will take over the existing Source London network of 1,500 electric charging points from TfL and [...]
EU parliament makes progress on open immigration March 12, 2014 European commissioner Laszlo Andor has welcomed the European parliament's adoption of a series of measures that were proposed by the commission in April, intended to make it easier for EU citizens to exercise the right to work in other member states. The decision comes a little over a month after fresh evidence emerged showing that [...]
Don’t believe Osborne – his taxes are making the UK less competitive March 12, 2014 Higher income taxes risk driving businesses away, tax firm Baker Tilly warned today, reversing the gains made by cutting corporation taxes. Tax partner George Bull fears George Osborne and Ed Miliband are both threatening Britain’s competitiveness by targeting high earners relentlessly. Britain’s headline corporation tax has dived from 30 per cent a decade ago to [...]
The 236 skyscrapers coming to London March 12, 2014 London’s skyline is set to change dramatically over the next decade. According to a report out today, over 236 towers over 20 storeys are being proposed, approved or under construction – more than double the number of high-rise buildings estimated to be in capital today. Traditionally a low-rise city, London’s skyscrapers have, until now, been [...]
Video: Building collapses after New York explosion March 12, 2014 New York media sources report that emergency services have responded to a possible explosion and building collapse on East 114 Street. That's been confirmed by FDNY on Twitter. Their social media profile confirms that FDNY has 39 units and 168 members responding. The building in question is apparently a six story apartment building, located in [...]
Britain is beating France, Germany, Italy and Spain in these 5 key tech metrics March 12, 2014 Britain has marched ahead of its European tech rivals with its internet connectivity with the lowest number of non-internet users and the highest take up of broadband, according to Ofcom’s European Broadband Scorecard. 1. Lowest proportion of people who have never used the internet, at just eight per centA drop from the 11 per cent [...]
Government on track to miss its own R&D target March 12, 2014 Governments and targets, eh? They love ‘em, can’t get enough of ‘em – yet aren’t very good at actually hitting ‘em. A bit like me and deadlines. Take research & development, more widely-known as R&D. Over five years ago the government decided that R&D investment should amount to 2.5 per cent of GDP by 2014. [...]
Meet the UK’s professional mermaids March 12, 2014 LinkedIn, the internet’s answer to a our hatred of networking events, has passed a notable milestone (ahem, as has the internet, “happy 25th birthday internet”). The business-friendly social network now has 15m members in the UK. That’s a relatively impressive 23 per cent of the UK. But what is perhaps more impressive, is the [...]
What you need to know before the US open March 12, 2014 With little in the way of economic data today, investors will likely be looking towards China and the worries over copper. The metal’s hit a 2010 low, with gold hitting a five-and-a-half-month high. The news fuels concerns over China’s continuing economic slowdown, with European markets falling for a fourth day, and US stock futures suggest [...]