Discretionary income is “fading fast” as fuel prices squeeze families February 27, 2017 Growth in discretionary income is "fading fast" as fuel prices soared in January. UK families had an average £205 of disposable income available each week last month, according to Asda's income tracker, up 3.5 per cent on the same month the year before. Read more: Alarm bells sound over rising costs and inflation However growth [...]
Southern rail urges passengers to check if they’re in line for one-off compensation (as it doesn’t have all of their details) February 27, 2017 Southern rail is urging season ticket holders to check if they're eligible for a special one-off compensation offer ahead of an April deadline. The scheme, announced by the government in December, said one-off payments worth up to a month of free travel could be claimed to make up for the disruption of 2016. To qualify, Southern [...]
There’s no such thing as “fat-shaming” – it’s just advertising February 27, 2017 I take issue with the Vicariously Offended; the virtuous who take up the mantle of oppression, regardless of whether they are personally affected, at every given opportunity. I bit my tongue last week when they took offence at Protein World’s Tube campaign questioning commuters’ ability to “keep up with a [very slim] Kardashian.” It was, [...]
Joining the data dots to predict the future: Meet Ometria’s Ivan Mazour February 27, 2017 With nauseating velocity I’m elevated 40 floors up the Heron Tower, my ears popping with altitude, to meet Ivan Mazour at the Duck and Waffle. We’re here to talk about how Ometria, his seventh company by his early thirties, can predict the future. Often referred to pejoratively as “the son of a Russian billionaire”, Mazour is [...]
Tandem Bank’s chief executive Ricky Knox talks sarongs, dumb pipes, ornithology and why Facebook is scared of banking February 27, 2017 "Would you have called Amazon? I didn’t! We all thought that was just a fad – it was a bookseller. An online bookseller with that valuation? But the internet creates these giants – and it’s not just one or two of them. "Look at music – EMI is basically dead. Google – a little bulls*** [...]
Insurer Hiscox is planning to move its EU HQ to either Luxembourg or Malta February 27, 2017 Hiscox has narrowed down its shortlist for a new EU base to two countries and says Brexit is unlikely to impact the firm strategically. The insurer today announced record annual results, with profits soaring and its retail operations growing to represent half of the firm's business, and the firm also revealed it is eyeing move to Malta [...]
Primark owner warns benefit of sterling’s fall will only last so long February 27, 2017 Primark owner Associated British Foods' (ABF) share price edged downwards this morning after it warned its boost from the devaluation of sterling will fade later in this year. The figures In its trading update, ABF said it expects Primark sales to be 11 per cent higher, when measured at constant currency, but that this growth would be "driven [...]
The RMT is balloting London Underground workers for strike action over the “victimisation of Tube staff” February 27, 2017 More London Underground walkouts could be on the horizon as the RMT union has announced it's balloting station staff for strike action and action short of a strike. The RMT said it will be balloting station staff across its London Bridge group after one member was fired and two others disciplined for intervening to stop a "serious [...]
“World War II shell” found in Shoreditch High Street was not an explosive device, police say February 27, 2017 Shoreditch High Street was evacuated earlier this morning after a suspected World War II shell was discovered there – but police later said the item was not suspicious. Police were called at 8:35am to Shoreditch High Street, near the junction with Hackney Road, E1 "to reports of ordnance", a spokesperson said. Officers and specialist officers attended the [...]
Top German central banker Andreas Dombret says he wants a “pragmatic” Brexit February 27, 2017 A top German banking executive has said he wants a "pragmatic" Brexit, playing down claims that other member states are looking to punish the UK for voting to leave the EU. Various cities across the EU have been vying to steal away pieces of London's financial sector, as many in the industry fret about what access rights [...]