Gold climbs after Trump fires US attorney general January 31, 2017 The price of gold climbed overnight, edged on by uncertainty after US President Donald Trump fired attorney general Sally Yates. Global markets opened lower today, and safe haven assets such as gold and silver got a boost as investors looked for certainty. The precious yellow metal was up 0.5 per cent to $1,202, while the [...]
UK’s first accredited digital skills academy celebrates first anniversary and plugging the software skills gap January 31, 2017 | City Talk CodeClan, the UK’s first accredited digital skills academy has just celebrated its first anniversary. Based in Codebase, the largest technology incubator in the UK and one of the fastest growing in Europe, right at the heart of Edinburgh’s tech scene, they produce a steady stream of work ready junior developers after each 16-week intensive and immersive coding [...]
Ocado’s share price jumps eight per cent at the open on profit surge January 31, 2017 Ocado's share price jumped eight per cent at the open as it reported a spike in profits. The company's full-year profits beat expectations – despite rising labour costs and price deflation throughout last year. The figures In its results for the year ending 27 November, Ocado reported a 13.6 per cent rise in gross retail sales, up from [...]
The final Rolls-Royce Phantom VII has rolled off the production line January 31, 2017 The last Rolls-Royce Phantom – or at least as we know it – will roll off the production ramps in Goodwood this week. Officially decommissioned at the end of last year, Phantom VII's will be replaced by an eighth generation of the Rolls-Royce car by owner BMW. Read more: Rolls-Royce car sales motor to new record [...]
FCA fines Deutsche Bank £163m for serious anti-money laundering controls failings January 31, 2017 The Financial Conduct Authority (FCA) has slapped Deutsche Bank with a £163m fine over "serious anti-money laundering controls failings". This is the largest financial penalty relating to money laundering that the regulator, or its predecessor the FSA, has ever imposed. The City watchdog's fine comes after the German lender agreed to a $425m (£340m) settlement [...]
The special M&A relationship survives Brexit vote: US businesses continue to target UK deals January 31, 2017 US business, like the nation’s President, has retained faith in the UK after the Brexit vote, new mergers and acquisitions (M&A) figures released today show. Deloitte’s Deal Monitor tracked 254 deals between the United States and the United Kingdom in the last six months of 2016. Some 172 of the transactions were US-to-UK, a 3.6 per [...]
New small business account, Tide, launches today January 31, 2017 Small businesses on the hunt for a bank account have a new option from today, as Tide launches on iPhone, Android and web. The new app, the first aimed at companies, allows users to set up a fully functioning business account, complete with UK sort code and account number and a Tide Mastercard for daily expenses, [...]
It’s time we saw some real planning reforms in the upcoming housing white paper January 31, 2017 Much like a typical planning application, the housing white paper has already become mired in delay. The policy document, a central plank of Theresa May’s government, was originally due out last year and then put back until January. The smart money is now on publication on 6 February although that date remains unconfirmed. The white [...]
FTSE 100 firms’ agility secrets – and how you can easily replicate them January 31, 2017 Thanks to new technologies, changing customer demands, demographic shifts and globalisation, the world of work has changed significantly. How can businesses respond effectively to this new reality and remain competitive? As the context of business becomes more complex, traditional models of work will come under strain. New, more flexible models will be needed as “agility” [...]
Fake news is troubling – but censorship is far worse January 31, 2017 We're in the grip of a fake news epidemic that is now poisoning our politics. That is the impression one would get from observing the tweets of the great and good. In the aftermath of Brexit in the UK and Donald Trump’s victory in the United States, it has been tempting for those who could [...]