10.8m jobs set to be replaced by robots in the next 20 years but here’s where humans may have the edge November 10, 2014 A third of Britain's jobs are under threat from technology and could be replaced within the next two decades, according to research by Deloitte and Oxford University. The initial diagnosis appears terrifying, with 10.8m jobs set be replaced by automation and robots, with low-paid jobs being five times more likely to replaced than high paying [...]
Gherkin sold: Safra Group buys one of London’s tallest buildings 30 St Mary Axe November 10, 2014 Brazilian investment group Safra is to buy the City’s iconic Gherkin skyscraper from receivers Deloitte, the two firms announced this morning. Deloitte’s real estate arm and Savills was appointed to sell 30 St Mary’s Axe this summer after its previous owners Evans Randall and German firm IVG failed to strike a restructuring deal over its [...]
Mark Carney: Banks will have to increase financial buffer to end “too big to fail”, but it’s going to cost them November 10, 2014 Banks will no longer be “too big to fail” if new rules aimed at ensuring banks have enough capital behind them in the event of another financial crisis drawn up by Mark Carney are approved. New proposals put together by the Financial Stability Board, led by Bank of England governor Carney, will curb the need for [...]
Catalan independence vote: Does it mean anything? November 10, 2014 It was dismissed by Spain’s central government as “useless”, but the population of Catalonia nevertheless went to the polls yesterday to vote on whether the region should become independent. Voters were asked two questions: firstly, whether they wanted Catalonia to be a state, and secondly, whether they wanted the state to be independent. [...]
Watch: UK’s first ever ecigarette advert to show vaping on TV November 10, 2014 Later today UK TV will see its first advert featuring ecigarettes. Ecigarette ads on TV have been legal for some time and shown before but never have the devices themselves or vaping been shown on ads in the UK. The ad will air after 9:00pm on ITV during Grantchester. There has, however, been some nervousness [...]
Quindell share price dives on director dealings and share purchase clarification November 10, 2014 Quindell has been forced to clarify details of a share purchase made by its three directors last week, sending shares down more than 20 per cent in early trading. Chairman Rob Terry, finance director Laurence Moorse and independent director Steve Scott spent £2m buying up 1.575m shares at around 123 pence per share. The purchase [...]
Remembrance Sunday 2014: Tower of London poppies extended as London commemorates WWI centenary November 10, 2014 The display of poppies at the Tower of London has been partially extended after the stunning memorial attracted millions of visitors. Part of the display of more than 800,000 ceramic poppies will remain in place until the end of November, said Prime Minister David Cameron. The Wave and Weeping Willow segments, which includes the display [...]
Serco share price tanks as it warns of lower profits and plans £550m rights issue November 10, 2014 Shares in outsourcing firm Serco plunged more than 31 per cent in the first minutes of trading as it announced a £550m rights issue. In an update to the market this morning the company, which has been beset by a string of woes including being accused of over-charging the government for the electronic tagging of [...]
Ed Miliband stokes fear over UK exit from EU in bid to salvage relationship with business leaders November 10, 2014 Ed Miliband will today bid to fix his strained relationship with business leaders by assuring a CBI conference that, if elected to Downing Street, he will quash any threat of the UK leaving the European Union. The speech comes as the Labour leader faces growing unrest from within his own party. While senior colleagues [...]