Fifa votes to expand World Cup to 48 teams January 10, 2017 The Fifa World Cup will include 48 countries from 2026 onwards, expanded from the current 32-nation format, Fifa announced this morning. World football's governing body said the decision to expand the men's tournament had been 'unanimous', in a tweet posted by the Fifa press department. The FIFA Council unanimously decided on a 48-team #WorldCup as of 2026:16 groups of [...]
Douglas Flint warns more clarity on Brexit is needed to safeguard City jobs as HSBC mulls moving as many as 1,000 to Paris January 10, 2017 The group chairman of HSBC has today warned more clarity is needed on Brexit to prevent firms, including his own, collectively moving thousands of jobs out of London preemptively. In an almost three-hour grilling with the Treasury Select Committee, Douglas Flint cautioned the lack of coherent guidance on where the government intended to go with Brexit [...]
Post Office is cutting 300 jobs as it ditches 37 offices January 10, 2017 The Post Office may cut as many as 300 jobs as it closes or franchises 37 of its offices. The Communication Workers Union said the job losses will include 127 financial specialist roles. In a statement today the Post Office said it is seeking partners for 37 branches, in addition to 93 it previously announced. “We’re [...]
Robert Walters says it’s back to business as usual in 2017 after post-Brexit slowdown January 10, 2017 UK businesses are "bored" of Brexit and ready to get back to business as usual in 2017, according to the boss of one of the country's largest recruitment firms. Robert Walters, the chief executive of the eponymous recruitment giant, said while Brexit stymied hiring in the second half of 2016, British firms are now eager to grow [...]
Jeremy Corbyn says he’d join Southern rail picket line as next wave of industrial action puts the brakes on services January 10, 2017 Jeremy Corbyn has announced he'd join a Southern rail picket line, saying he felt long-suffering commuters would support his position. Speaking on Radio Four's Today programme, the Labour leader said he would stand in solidarity with those taking industrial action. "Yes I would, because I think Southern rail have behaved in a terrible manner, and [...]
No, Jeremy Corbyn – income disparity is not getting worse in the UK January 10, 2017 Labour leader Jeremy Corbyn has proposed putting a cap on earnings in the UK, saying that the income disparity in the UK "is getting worse". Speaking on the BBC Today programme, Corbyn said: "I can't put a figure on it and I don't want to at the moment. Read more: Corbyn's only hope of power may be [...]
The next big innovation in oil & gas: Cloud Computing January 10, 2017 Oil and gas is hardly the first industry that springs to mind when one mentions cloud computing. The tech that has been expanding at a breakneck pace, disrupting business models and enabling innovation across industry boards, has not really met with a lot of enthusiasm in the energy industry—at least not yet. But this may [...]
Playtech gambles on strong results as it hires a new finance boss January 10, 2017 Gambling software provider Playtech today announced full-year results for 2016 are likely to be in line with expectations, as it named Ron Hoffman the new chief executive of its financials division. Hoffman, formerly the company's chief financial officer, had played a role in the company's management and acquisition transactions and its listing on Aim in 2006. Read more: Playtech [...]
Morrisons reported strong Christmas trading numbers this morning – here are the best reactions January 10, 2017 Morrisons is having a lovely morning, with shares up four per cent on news that the supermarket's sales growth over the Christmas period was at its strongest for seven years. The group reported a 2.9 per cent jump in like-for-like sales excluding fuel, and said Morrisons.com had achieved its biggest ever week for sales in [...]
Gocompare shares leap after revealing first trading update as listed firm January 10, 2017 Gocompare shares leapt over eight per cent after capping a "transformational year" by revealing full year profits will be at the top end of guidance. The comparison website, which was spun-off from Esure in November last year, said its revenue had jumped by 19 per cent to £142m and adjusted operating profit was up by 30 per cent [...]