TSB is waiving charges for business customers in April after online chaos as owner Sabadell reports profits up by a third April 26, 2018 TSB has announced it will be waiving all overdraft and interest fees for all its retail and small business customers for the month, as it looks to start making amends for troubles customers have faced since a weekend upgrade. Last weekend, TSB moved its 5m customers and their 1.3bn records to a new banking platform, [...]
Island’s time: Jamaica’s Prime Minister Andrew Holness on trade winds, Brexit and Windrush | City A.M. April 26, 2018 Jamaica’s Prime Minister had intended to spend last week talking to world leaders about issues such as the threat of climate change to his island nation. Instead, Andrew Holness was fielding questions from journalists about the Windrush scandal that was dominating headlines and embarrassing the UK government. The day before we meet at the Jamaican [...]
Revolut smashes into unicorn ranks with $250m fundraising ahead of international expansion April 26, 2018 London-based fintech startup Revolut has joined the elite ranks of so-called unicorn firms with a $1.7bn (£1.2bn) valuation following a new $250m fundraising. Tech investor DST Global put up around half of the new money, alongside existing investors including Index Ventures and Ribbit Capital. The money will be used to target an aggressive expansion into [...]
Classical symphonies and prog rock show the power of music can boost your productivity April 26, 2018 Have you had a work station assessment recently? You know the type – make sure you sit up straight, head level with the top of the computer screen, upright posture, and appropriate lighting. So far, so good. Now, what about the noise where you work? Is it intrusive? If, like me, you work in an [...]
Rupert Murdoch’s 21st Century Fox has a decision to make in its pursuit of Sky April 26, 2018 Rupert Murdoch’s long-running quest to wrestle full control of Sky was seemingly delivered a blow yesterday as, after a two-month hiatus, Comcast put its money where its mouth is. Having originally posed “a possible offer” in February, the NBC Universal owner firmed up its 1,250p a share approach – one that values Sky at £22bn. [...]
Is Facebook too powerful? April 26, 2018 Three hours and 27 minutes into Mark Zuckerberg’s testimony before the Senate, senator Dan Sullivan pressed him on the question – is Facebook too powerful? It’s a sentiment reflected by the House of Lords here in the UK, which has called on the Competition and Markets Authority to launch a study into Google and Facebook’s [...]
Argos adds 150 new tech roles in London and Milton Keynes April 26, 2018 Argos is on the hunt for 150 new employees for its technology division, as it bolsters its digital shopping operations. The retailer, which is owned by Sainsbury’s, will enlarge its tech team by 25 per cent, with most of the roles based in its London Victoria tech hub. A handful of jobs will also be [...]
The EU “customs partnership” is one of the most half-baked ideas in economic history April 26, 2018 Over the past week, the Prime Minister has confirmed that the UK will definitely leave the EU customs union, while a Downing Street spokesperson has reiterated that this is indeed government policy. This naturally leads to the question of what leaving the customs union will mean in practice. Last August, the government set out two [...]
Starting your career? Switzerland offers the highest entry-level salaries in Europe April 26, 2018 British millennials entering the labour market who are chasing the most cash possible might be best advised to up sticks and move to Switzerland, according to data to be published today. The median salary for entry-level professional jobs in Switzerland, at £68,959, is almost three times the size of the equivalent in the UK, at [...]
Arsene Wenger defends timing of his resignation but Arsenal manager says announcement was not his decision April 25, 2018 Arsenal manager Arsene Wenger insists he was happy with the timing of his resignation, despite admitting it had not been his decision to announce it last week. Wenger was asked today why he was stepping down and why he had chosen to go public with the news just days before tomorrow night’s Europa League semi-final [...]