Climate change: Greenland’s ice sheet is melting faster than we realised September 29, 2014 Greenland's ice sheet – the second largest in the world – is more sensitive to climate change than was previously thought. The huge expanse of ice, which covers 1.7 million square kilometres, is roughly eight times the size of the United Kingdom. If all of it melted, it would raise the world's sea levels [...]
Morrisons ex-treasuer and head of tax Paul Gerard Coyle charged with insider trading over Ocado shares September 29, 2014 A former treasurer and head of tax for Morrisons has been charged with insider dealing in relation to Ocado share trading. Paul Gerard Coyle has been charged by the Financial Conduct Authority with two counts of insider dealing related to trading shares in the online grocery delivery service between February and May 2013. A £200m partnership between [...]
American Apparel share price set to rise as turnaround specialist is parachuted in to replace Dov Charney September 29, 2014 American Apparel's share price was up in pre-market trading today, after the beleagured fashion retailer announced it had hired a turnaround specialist as its interim chief executive. Scott Brubaker is taking over the reins from chief financial officer John Luttral, who had been covering the chief executive role following the departure of controversial founder [...]
US consumer spending rises 0.5 per cent: Were the US’ job woes just a blip? September 29, 2014 Over the past few weeks, economic data coming out of the US has been less than encouraging, but new personal spending figures suggest those disappointments were little more than a blip. Figures from the US Commerce Department released today showed personal spending rose 0.5 per cent in August, having fallen 0.1 per cent in July, [...]
Eurozone economic sentiment falls to 10-month low September 29, 2014 Eurozone economic sentiment has fallen to its lowest level in 10 months, and below the long-term average, on the back of falling consumer confidence. Sentiment in the region dropped by 0.7 points to 99.9 – below the long-term average of 100 – while sentiment from within the EU also fell, by 1 point to 103.6, [...]
Feeling groggy? You could be suffering from “sleep drunkenness” September 29, 2014 Late nights, early mornings, and little sleep in between – a trio of events City workers are well-acquainted with. But a sleepless night hits some harder than others, and if you ever wake up not knowing where you are, have trouble talking, or feel irrational anger towards others, then you may in fact be [...]
George Osborne would cap family benefits at £23,000 to tackle “culture of welfare dependency” September 29, 2014 The Conservatives would freeze working age benefits for the next two years if the party secures the public vote next year, chancellor George Osborne has said. Speaking today at the Conservative Party Conference in Birmingham, he warned of a growing “culture of welfare dependency” among young people, which the state could no longer fund. [...]
Conservative Party Conference: White Dee on benefits, the common touch and why she might vote Ukip September 29, 2014 After the defection of two MPs to Ukip, the Tory party has really been hoping for some popular support. But if they were looking for it in the form of Benefits Street star White Dee – whose real name is Deirdre Kelly – they might be disappointed. White Dee, who has also appeared [...]
Rate-rigging scandal: Lloyds share price slides as it sacks eight people and holds back £3m of bonuses September 29, 2014 Having paid out £226m to US and UK authorities for various cases of rate-rigging back in July, Lloyds Banking Group has now turned its attentions to its own staff, firing eight and holding back £3m of bonuses. Shares in the bank fell 0.5 per cent in early afternoon trading after it said it "has taken [...]
International Coffee Day 2014: Six reasons coffee is good for your health September 29, 2014 It's International Coffee Day (or #InternationalCoffeeDay if that's the way you swing) – the annual occasion on which we all raise a mug to our morning cup of joe. But is this a marketing ploy dreamed up by Starbucks and its international coffee corporation chums (er, a bit, obviously) – or does it have a [...]