Spiralling IT costs to hit TSB’s profit this year despite stellar 2016 January 26, 2017 High street bank TSB is expecting a challenging 2017 despite its annual pre-tax profits growing by 169 per cent to £182m last year. The bank, which was spun out of Lloyds in 2013, expects “significant reduction” in profits this year due to the cost of using its former parent's IT platform. "At the moment, we rent our [...]
Industrials firms are expected to make a comeback on Aim in 2017 January 26, 2017 Miners and oil and gas companies are expected to make a comeback on the junior flotation market in 2017, but realistic pricing and high quality prospects will be critical to their success, new research suggests. A much improved initial public offering (IPO) market is expected for industrials firms as commodity prices continue to rise, Alternative Investment Market [...]
Cezanne paints picture of HR Cloud success with expansion January 26, 2017 | City Talk Southwark-based Cezanne HR has announced plans to open a new office in Glasgow, with the expansion following the company’s most successful year to date. It now has a record number of new customers and an increased global presence. The company, a leading provider of Cloud HR software for mid-sized and growing UK and international businesses, said [...]
The Doomsday Clock is ticking on world’s nuclear apocalypse countdown as Donald Trump begins his reign as US President January 26, 2017 Time is ticking away for the world’s effort to avoid an apocalyptic catastrophe as Donald Trump takes the US Presidency, according to a group of scientists. The hand on the Doomsday Clock, a symbol of how close the world is to meltdown, has been moved 30 seconds closer to midnight. The time now is the [...]
Londoners invited to invest in Libya January 26, 2017 Libyan businessmen and governmental officials are in London today seeking investment in the country’s key industries. The Libya Reconstruction and Investment Forum is being held at Lancaster House, a government-owned mansion in St James’s operated by the Foreign Office. Oil, healthcare and infrastructure will be among the sectors where Libyans will be looking for foreign [...]
Spain wants to start post-Brexit trade talks with Britain as soon as possible – defying the EU January 26, 2017 Spanish government officials want to start negotiating a trade deal with the UK to take effect after Brexit, going against the official position of key negotiators in Brussels. In an interview with the Financial Times, Spain's foreign minister Alfonso Dastis said that he believes starting trade talks before the full terms of Brexit are agreed [...]
Polymetal shares slide on rising costs in the year ahead January 26, 2017 Shares in Polymetal slid more than six per cent following news that production was broadly in line with targets but costs will go up in the year ahead. Polymetal, which has mines in Russia, Kazakhstan and Armenia, said it delivered a "strong performance" in the fourth quarter of 2016, producing 375,000 ounces of gold equivalent, a 21 per cent increase, bringing total production for the year to [...]
The Magical Lantern Festival returns to London for a spectacular Chinese New Year celebration January 26, 2017 The Magical Lantern Festival has returned to illuminate Chiswick House Gardens with a spectacular fairytale world of light inspired art and sculptures. Taking place until 26 February – the garden’s 65 acres have been decorated with over 50 illuminated, brand new installations in celebration of the Chinese New Year of the Rooster. This year’s theme [...]
Barclays is reportedly preparing to move its EU headquarters to Dublin January 26, 2017 Barclays is planning to move its EU headquarters to Dublin, according to sources. The bank is preparing for the relocation ahead of Brexit, Reuters reported. "We have made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin," a spokesman for Barclays said. [...]
Weaker retail sales suggest the UK’s consumer spending engine could stall January 26, 2017 Retail sales fell in January in the UK, surprising analysts and adding to suspicions the consumer spending engine driving Britain’s growth may be about to sputter. Almost a third of retailers surveyed report a decline in sales volumes in January, according to the Confederation of British Industry’s (CBI) distributive trades survey. While the decline comes [...]