Working for free? Unpaid internships in London cost £926 a month November 12, 2014 Every year thousands of young people toil away in unpaid internships, hoping to enter the increasingly crowded jobs market. They're seen as a necessity in industries such as journalism, graphic design, fashion and even some financial services roles. But for many, they're simply unaffordable, according to a report from the Sutton Trust, which had crunched university data [...]
Tullow Oil may make writedowns as it moves away from exploration and focuses on East Africa projects November 12, 2014 Tullow Oil has announced plans to tighten expenditure next year, and it warned investors that it may make a series of writedowns, amid tumbling global oil prices. The oil and gas producer said it will shift its focus away from exploration and towards maximising core assets. It will be looking at the potential of existing [...]
Quarterly inflation report: Bank of England signals no interest rate hike until autumn 2015, cuts growth and inflation forecasts November 12, 2014 No rate rise until next autumn – that was the message from Bank of England governor Mark Carney in his quarterly inflation report this morning. "What really matters is the broad process of monetary policy, not a specific date for the first interest rate rise", Carney said, causing markets to predict the first increase will [...]
Flybe share price plummets on £15.3m loss, but UK business performs well November 12, 2014 Regional airline Flybe reported an overall loss before tax of £15.3m for the six months to 30 September, compared to a £13.8m profit for the equivalent period last year. Revenue was also down at £307.8m for the half year – a drop of 12.3 per cent from 2013's figure of £351.1m. Flybe operates [...]
Uber taxi app wins the hearts of US Congress members in 2014 midterm elections November 12, 2014 As taxi app service Uber continues to soar in popularity it's finding support among a group not usually known for their embrace of disruptive businesses with a hostility to onerous regulation. In the recent US midterm elections, Uber accounted for 61 per cent of rides taken by members of Congress and their staff. An impressive [...]
UK unemployment sticks at 6 per cent – as wage growth finally rises above inflation November 12, 2014 UK unemployment remained flat at six per cent in the three months to September, slightly missing analyst expectations, official statistics published this morning showed. In total there were 30.79m people in work, according to the Office for National Statistics (ONS). This was 112,000 more than for April to June 2014 and 694,000 more than for a year [...]
Bank of England fires chief currency dealer Martin Mallett after forex scandal probe November 12, 2014 A senior figure at the Bank of England has been fired for serious misconduct after failing to follow internal policies. BoE chief currency dealer Martin Mallet, who has worked at the Bank for 30 years, was suspended in March. Following a disciplinary procedure, he was dismissed yesterday. The BoE made clear this was in relation [...]
Tullow Oil may make write downs as it moves away from exploration and focuses on East Africa projects November 12, 2014 Tullow Oil has announced plans to tighten expenditure next year, and it warned investors that it may make a series of writedowns, amid tumbling global oil prices. The oil and gas producer said it will shift its focus away from exploration and towards maximising core assets. In particular, it will looking at the potential of [...]
Tullow Oil may make write downs as it moves away from exploration and focuses on East Africa projects November 12, 2014 Tullow Oil has announced plans to tighten expenditure next year, and it warned investors that it may make a series of writedowns, amid tumbling global oil prices. The oil and gas producer said it will shift its focus away from exploration and towards maximising core assets. In particular, it will looking at the potential of [...]
Tullow Oil may make write downs as it moves away from exploration and focuses on East Africa projects November 12, 2014 Tullow Oil has announced plans to tighten expenditure next year, and it warned investors that it may make a series of writedowns, amid tumbling global oil prices. The oil and gas producer said it will shift its focus away from exploration and towards maximising core assets. In particular, it will looking at the potential of [...]