Could today be a good time to ask for a pay rise? Microsoft boss Satya Nadella apologises for “karma” gaffe October 10, 2014 If you're a woman working at Microsoft, today might be a good day to ask for a pay rise. Yesterday the company's chief executive Satya Nadella had to issue an apology after he said women seeking pay rises should rely on karma, rather than asking their boss. During an event for women [...]
Customer growth continues for Telecom Plus October 10, 2014 Telecom plus has reported continued growth for the half year to 30 September, with performance in line with expectations for the year. In a trading statement released today, the British utility supplier said its customer and service numbers were up by 13 and 14 per cent, respectively. Second quarter growth followed on from [...]
Ukip wins Clacton by-election and comes close at Heywood and Middleton October 10, 2014 Douglas Carswell has become the first elected MP for the UK Independence Party (Ukip) after winning the Clacton by-election. But in a more surprising result, the party also narrowly missed first place in Heywood and Middleton. Carswell defected to Ukip from the Conservatives in August this year, and yesterday became the Ukip's first elected MP when [...]
King of spin Lord Tim Bell apologises for “aggravation” caused by Financial Times interview October 9, 2014 For one of the world’s best known PR men, Lord Bell really should have known better. After reading the interview he gave to the Financial Times yesterday, Bell was clearly inclined to agree. Apologising in a grovelling internal email to staff he concluded: “I am supposed to know how to deal with journalists, friendly or [...]
Carl Icahn says Apple share price could double as tech giant rebuffs demand for buyback October 9, 2014 Activist investor claims the iPhone-maker will soon be worth $1.2 trillion Billionaire investor Carl Icahn urged Apple’s board yesterday to use its $133bn (£82.5bn) cash mountain to buy back more shares, claiming the tech giant’s stock could soon double in value. “We believe Apple is dramatically undervalued in today’s market, and the more shares [...]
Christine Lagarde and Mario Draghi call for German fiscal stimulus to avoid recession October 9, 2014 International Monetary Fund (IMF) boss Christine Lagarde took aim at German policy makers yesterday, suggesting that the Eurozone’s biggest economy must use fiscal stimulus to stave off recession. “We’re not suggesting that the Eurozone is heading toward recession, but we’re saying there is a serious risk that happens if nothing is done. But we are [...]
Tube strike called off as new RMT boss claims concessions October 9, 2014 STRIKE action due to go ahead next Tuesday was called off yesterday following talks between Transport for London, the RMT union and mediator Acas. The strike action was called by the RMT’s new director general Mick Cash. “The RMT has been able to secure significant movement in three key areas which have allowed our executive [...]
Aldermore in US search for funds October 9, 2014 CHALLENGER bank Aldermore, which is trying to raise around £75m in a stock market flotation, is in New York making a last-ditch attempt to raise the funds. Advisers to the bank had hoped to have covered their books in London earlier this week but failed to get enough solid support. The bank has come to [...]
Lord Hill receives Kamall boost October 9, 2014 A LEADING London MEP last night gave his backing to the newly-appointed EU commissioner for financial services, Lord Hill. Syed Kamall MEP told City A.M.: “Lord Hill understands and wants to listen to the City while addressing the excesses of previous years. He will find it tough in Europe initially, but he will serve all 28 [...]
Ebola outbreak: Passengers entering UK will be screened at border October 9, 2014 Passengers entering the UK from Liberia, Sierra Leone and Guinea, all countries at high risk of Ebola, would be screened at the border, the government announced yesterday. The news came as a number of new suspected cases emerged outside west Africa, including a nurse in Australia and a British man in Macedonia. UPDATE: [...]