Here’s what UK tech thinks of Theresa May’s modern industrial strategy January 23, 2017 The UK's tech industry has tentatively welcomed promises by Theresa May to put the sector at the heart of Britain's modern industrial strategy, with funding promised for top artificial intelligence, robotics, 5G and smart energy technologies. “In today’s economy, the tech sector is driving innovation and boosting productivity across all industries. In tomorrow’s economy, every sector [...]
Newspapers in fresh attack on government-recognised press regulator January 23, 2017 The newspaper industry has launched a fresh attack on the UK’s official press regulator, demanding that its status be challenged. The News Media Association (NMA) has called on the Press Recognition Panel (PRP) to conduct an ad hoc review of its decision to recognise Impress. Lawyers for the NMA wrote to the PRP on Friday highlighting [...]
Croydon MP launches bid to ban “unreasonable” Southern Rail strikes January 23, 2017 Southern Rail workers could be banned from launching strikes deemed to be "unreasonable" or "disproportionate" under new plans being introduced in parliament tomorrow by Croydon South MP Chris Philp. Philp will argue for restrictions on the ability for public sector workers to strike in the House of Commons tomorrow afternoon, in particular citing disruption caused by the ongoing dispute [...]
Lamprell shares plummet after the company warns of a “cautious environment” in 2017 January 23, 2017 Shares in Lamprell plummeted by as much as 14 per cent this morning after the oil rig builder said revenue would hit the lower end of its target and warned of a "cautious environment" in 2017. The figures In a trading statement today, the oil rig builder said full-year revenue for 2016 is expected to be about [...]
Stepney Green Tube station closed and Mile End road on lockdown after reports of a suspicious item January 23, 2017 Police are investigating reports of a suspicious item found outside Stepney Green Tube station in east London. The station is closed, and District and Hammersmith & City line trains are not stopping. Meanwhile, Mile End Road is on lockdown as officers from the Metropolitan Police investigate. https://twitter.com/districtline/status/823496938674913280 Anyone know what's going on along Mile End [...]
Petra Diamonds’ gleaming results fall slightly below analyst expectations January 23, 2017 Sales and production sparkled in the first half of the year for Petra Diamonds, but flat rough diamond prices took a toll on revenue. The figures The diamond and gemstone producer said revenue is expected to increase 48 per cent to $228.5m (£183.5m) in the six months to 31 December due to increased sales volumes. However, it missed analysts' expectations of $236m due to [...]
Revealed: How London’s super-rich commute (spoiler: there isn’t a helicopter in sight) January 23, 2017 Alright, so commuting wasn't covered in Stephen R Covey's classic "Seven Habits of Highly Effective People" – but if you want to live life more like London's elite executives, it turns out you should ditch the chopper and walk instead. Research by ultra-upmarket estate agent Wetherell found 65 per cent of the capital's "richest" executives [...]
UK asset management employees survive global pay plunge January 23, 2017 Global asset management pay fell for the second year running in 2016 and is down 20 per cent since 2014, new figures show. But those working in the UK asset management industry enjoyed a remuneration boost. Median salaries in the industry worldwide were $84,000 (£67,000) last year, with a median bonus of $15,000 bringing total [...]
Business secretary backs City as a “huge national asset”, and hopes there won’t be fewer bankers as a result of Brexit January 23, 2017 The business secretary has today given his backing to the City of London, calling the financial sector a "huge national asset". His comments come just days after bosses from UBS and HSBC warned they could move thousands of jobs overseas because of the Brexit vote and, in particular, the risk they might lose valuable access rights to [...]
Sky buys majority stake in production company behind the Lie Detective January 23, 2017 Sky has bought a majority stake in a northern indie production company backed by Channel 4 in 2014. The sale marks Channel 4’s first exit from a company backed by its £20m Indie Growth Fund. Founded in 2001, True North now employs more than 150 people across Leeds and Manchester. Read more: Bad news: People [...]