The tables have turned: How Ministry of Sound is shaking up the workspace September 7, 2018 It was 1991 when Ministry of Sound first opened its doors. Its founders had taken over a disused bus shelter in Elephant and Castle, and installed a massive sound system, fostering a subculture of clubbers who thrived on the underground music scene. At the time, there was nothing like it, and electronic dance music wasn’t [...]
Vince Cable to step down as Lib Dem leader next year September 7, 2018 Liberal Democrat leader Vince Cable could step down from his role next year, he announced today, as he revealed new rules for leadership contest to take place after Brexit. The Twickenham MP, who has led the party since last year, revealed that he plans to quit "once Brexit is resolved or stopped" in March next year. Read [...]
BA promises customer compensation after data breach as Monzo issues 1,300 replacement cards September 7, 2018 Customers financially impacted by a British Airways data breach will be “100 per cent compensated”, the company's chief executive has said today. BA boss Alex Cruz promised full compensation for any customers who lose money as a result of the breach, which saw personal and financial details compromised. He called the hack a "sophisticated, malicious [...]
Opinion: Thinking of letting your property to students this September? Read these landlord tips first September 7, 2018 There are now more students in the UK than ever before. A record 1.7m are studying full-time, including 1.04m studying away from home, an increase of 2.6 per cent year-on-year, according to The Student Accommodation Annual Report 2017-18 from Cushman & Wakefield. If you’re a landlord letting to a student for the first time this [...]
New homes: Our pick of the new homes going on sale in the London this weekend September 7, 2018 New developments on the market this week Clarendon, Hornsey From £355,000 The first homes at a major regeneration site in north London are on sale. The 12 acre brownfield site will boast 1,700 new homes and over 100,000sqft of retail and offices as well as a new public park. Hornsey Park Place is the first [...]
Waterstones acquires Foyles bookshops as it squares up to Amazon September 7, 2018 Waterstones has announced the acquisition of the Foyles bookshops, saying the combined business will be stronger in the face of Amazon's "siren call". The 115-year old Foyles has seven shops including four in London, one of which is its large flagship on Charing Cross Road. Waterstones managing director James Daunt said he looked forward to "joining forces" [...]
Former QBE boss expected to be announced as new Lloyd’s CEO September 7, 2018 The former head of Australian insurance giant QBE is expected to be named as Dame Inga Beale's replacement as chief executive of Lloyd's of London. John Neal's appointment was reportedly approved at a Lloyd's council meeting yesterday. This came after Neal was recommended by the Lloyd's Remuneration committee, spearheaded by chair and former RSA chief executive [...]
Russian threat is ‘real and active’, head of GCHQ warns September 7, 2018 The threat from Russia is “real and active” but will be countered by Britain and its allies, the head of GCHQ has said. Jeremy Fleming, director of the government's cyber intelligence agency, said an international partnership of allies was ready to reject the Kremlin's “brazen” determination to undermine international law. His comments came after France, [...]
Shoppers ditch high street in one of the worst Augusts on record for retail September 7, 2018 Shoppers ditched the high street in August, making it one of the worst months on record, new figures have shown. Sales dropped at their steepest rate for three years, accountancy and business advisory firm BDO said in its latest high street tracker, released today. The 2.7 per cent year-on-year decline also marked the seventh month in [...]
UK house prices growth accelerated in August September 7, 2018 Annual house price growth picked up in the three months to August, growing by 3.7 per cent, compared to a 3.3 per cent annual rise in the run up to July, according to new figures released today by Halifax. With the average home costing £229,958, house prices remained steady month to month, ticking upwards by [...]