Is the City giving you sleeping problems? Forget tablets – here are seven proven ways to help you get a good night’s sleep October 21, 2014 The City is not a place conducive to regular, high-quality sleep. Long hours and late nights spent staring at a computer screen mean even when we do get to bed, it can be difficult to switch off. It is often a vicious cycle, too – the less sleep we get, the more we worry [...]
Public sector borrowing: Five charts that perfectly sum up what’s happening to the UK’s finances October 21, 2014 The Office for National Statistics' (ONS) latest public sector borrowing figures make for uncomfortable reading, particularly if you're in the business of running the country. Having entered government vowing to eliminate the budget deficit entirely by 2015, figures published this morning by the ONS showed the UK's budget deficit has risen since last year, from [...]
European Commission slaps JP Morgan, UBS and Credit Suisse with combined €93.9m fine for Libor rigging and interest rate derivative collusion October 21, 2014 The European Commission has come down hard on banks again, fining JP Morgan, UBS and Credit Suisse a combined €93.9m (£74m) for colluding on benchmarks and prices, including libor rates and interest rate derivatives. JP Morgan will pay a settlement of €61.6m over the manipulation of the Swiss franc libor rate between March 2008 and [...]
Coca-Cola share price plunges after fall in profits revealed October 21, 2014 Shares in the Coca-Cola Company opened six per cent down this morning, following the soft drink maker’s fall in profit. The American company's share price closed at $43.25 last night, but at pixel time was trading at a price of around $40 per share. The company said it will miss its long-term earnings [...]
This stunning map visualises how Uber taxis travel through London in a single day October 21, 2014 A stunning map of London visualises how Uber taxis zip through the city's crowded streets showing how people move around the capital in just a single day. Created by Uber using anonymous data on Uber passenger's journeys on a single day in July, the map shows London never sleeps- or at least those getting cabs [...]
McDonald’s to restructure after “significant decline” in sales October 21, 2014 McDonald's is planning a major review of its working practices and structure on the back of a “significant decline" in revenues and profit. Revenues fell five per cent to $6.98bn (£3.8bn) for the three months to September 30, with the fast food giant blaming increased competition. Consolidated operating income plummeted 14 per cent to [...]
Government launches poster campaign to crack down on benefit fraud October 21, 2014 Benefit fraud is to be the target of the government's latest ad campaign with posters to be extended across almost 50 towns and cities. The Department for Work and Pensions (DWP) wants claimants who have a change of circumstances to report it, so they don't fall foul of the rules. Over the course of the [...]
Quindell share price soars after securing major contract October 21, 2014 Insurance outsourcer Quindell's share price has soared 8.4 per cent today, on the back of the news that it has secured a five-year contract with an unnamed “major insurer”. The deal will see Quindell provide telematics technology, devices and associated services to the Canadian top-three business, which has more than three million customers, 1,700 [...]
Another IPO bites the dust as webuyanycar.com owner BCA Marketplace pulls its listing October 21, 2014 Is this the end of London's short-lived IPO boom? Used car auctioneer BCA Marketplace – the owner of webuyanycar.com – has become the third company in two weeks to cancel its IPO, saying volatility in global equity markets has put it off. The news follows much-publicised shelvings of IPOs by challenger banks Aldermore and Virgin Money, [...]
London property: Average house price edges closer to £600,000 October 21, 2014 The average asking price for a house in Greater London is now £596,000. But although this figure is huge, analysts believe that the long-term trend is for a slowing market, even in the capital. Data from Rightmove shows prices in the capital have climbed seven per cent over the last month, and 9.6 [...]