Scotch whisky contributes £5bn to UK economy January 25, 2017 The UK’s burgeoning scotch industry supports around 40,000 jobs in the country and exports £4bn in goods every year. New figures from the Scotch Whisky Association suggests that the UK’s trade deficit, which current stands at £115bn, would be 3 per cent larger, without the contribution from scotch. The association gave the scotch industry a positive [...]
Savers are taking more and more small payments from their pensions January 25, 2017 New data from HMRC shows savers are taking more regular, and smaller, lump sums from their pensions. Former chancellor George Osborne introduced the pensions freedom regime in 2015, allowing savers to take up to a quarter of their retirement savings as a lump sum without paying tax. And HMRC says that £9.2bn has been taken [...]
Victoria station evacuated and closed due to a fire alert January 25, 2017 Victoria station has reopened after being closed due to a fire alert. London Fire Brigade was called at around 11.11AM after reports that smoke had been smelled at the station and three fire engines were dispatched to the scene. The station was evacuated but has since been reopened, with trains stopping as normal. https://twitter.com/victorialine/status/824211454224199680 https://twitter.com/victorialine/status/824225348200054787 [...]
Mayor wants London employers to make childcare more accessible January 25, 2017 London mayor Sadiq Khan has urged employers to help parents "locked out of the workplace" due to rising childcare costs. He said more should follow the example of the Greater London Authority, which has just introduced a new childcare deposit loan across all organisations within it. All parents in the GLA group, spanning TfL, the [...]
British Vogue editor-in-chief Alexandra Shulman stands down after 25 years January 25, 2017 The editor-in-chief of British Vogue is to stand down this summer after 25 years in the role. Alexandra Shulman’s June departure was announced by Conde Nast Britain’s managing director Nicholas Coleridge this morning. Read more: How revenue woes are driving a wave of deals in the print media sector “This is an announcement I hoped [...]
MiFID II has gone into effect. At least, some of it has… January 25, 2017 | City Talk The entry of the Markets in Financial Instruments Directive (MiFID II) into force on 3 January 2018 was a momentous occasion in European, and possibly, global financial markets. One of the more controversial elements of MiFID II is the unbundling of research payments by investment banks and brokers into a separate, disclosed fee for research; [...]
George Orwell’s 1984 has shot to the top of bestseller lists because Trump January 25, 2017 George Orwell's 1984 may be a perennial classic, but it's been a long time since it was at the top of bestseller lists. Until now, that is… The novel, first published in 1949, has shot to the top of Amazon's best sellers list – with its rise attributed by many to the Trump administration's use [...]
Cameron’s new job: Former British PM appointed president of Alzheimer’s Research UK January 25, 2017 What former British Prime Minister David Cameron is doing now is a topic of national interest. Las year, he reportedly earned £120,000 for a speech in New York and also signed a deal with Harper Collins to write his memoirs. An today it has been announced the former Tory leader has been appointed the president of Alzheimer’s Research [...]
The UK’s young entrepreneurs have set their sights on big growth for 2017 despite Brexit uncertainty January 25, 2017 Young entrepreneurs expect ambitious growth for their companies this year, despite feeling uncertain about the impact of Brexit. According to Albion Ventures' fourth annual growth report, exploring the factors affecting growth among 1,000 small and medium-sized businesses, two-thirds of entrepreneurs aged under 35 predicted their business will grow over the year. And 18 per cent are feeling [...]
Antofagasta misses its copper production target for 2016 January 25, 2017 Antofagasta today confirmed copper production missed the lower end of its target in a fourth-quarter production report. The FTSE 100-listed miner said copper production in the fourth quarter was up 13.8 per cent to 205,500 tonnes, while copper production for the full-year increased 12.5 per cent to 709,400 tonnes compared with 2015, which was below the company's targets. Gold production hit [...]