Sugar tax a ‘cynical revenue raising device’ that will hit the UK’s poorest hardest April 5, 2018 The sugar tax is “poorly-designed”, “paternalistic” and “cynical”, according to two major think tanks. Once it is introduced tomorrow (Friday 6 April), consumers will have to pay up to 24p extra per litre for their fizzy drink fix. The government hopes that the levy will reduce obesity by making shoppers think twice before purchasing unhealthy [...]
New York Stock Exchange owner Intercontinental Exchange buys Chicago Stock Exchange April 5, 2018 The owner of the New York Stock Exchange has agreed to acquire the Chicago Stock Exchange. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has agreed to buy the Chicago Stock Exchange (CHX) for a reported $70m (£50m), although the two sides did not disclose terms. The deal comes after a [...]
South east London has seen “significant” increase in concentration of flights since 2011 April 5, 2018 Areas of south east London are “heavily overflown” by Heathrow aircraft and have seen significant increases in the concentration of flights since 2011, a Heathrow pressure group has found. Heathrow Association for the Control of Aircraft Noise (Hacan) has released a new report which covered the boroughs of Greenwich, Lambeth, Lewisham and Southwark and found [...]
April DLR strike 2018: Date, time and what lines are affected during DLR strike hitting London Marathon April 5, 2018 Transport for London (TfL) has warned of disruption to thousands of people, after the Rail, Maritime and Transport (RMT) union confirmed strike action coinciding with the London marathon will go ahead later this month. A four-day batch of strike action is set to hit the DLR later this month, after talks failed to resolve a [...]
Boux Avenue, Ryanair, J.P. Morgan and Macquarie are among the companies with the widest gender pay gaps April 5, 2018 The deadline for UK companies with more than 250 employees to publish their gender pay gap data closed yesterday, with 10,035 companies having published their reports by the deadline. The government announced in January last year that from this April all employers with more than 250 staff would have to publish annual figures relating to [...]
Artificial intelligence fintech investment firm Arkera grabs £4m from investors including Brevan Howard’s Alan Howard April 5, 2018 Arkera, a new fintech app which uses artificial intelligence (AI) to aid personal investing, has raised £4m from investors including the co-founder of hedge fund Brevan Howard. Alan Howard led the funding round along with electronic trading firm XTX Markets, with additional input from payment services firm Docomo Digital, ex-Deutsche Bank chief operating officer Henry [...]
UK services sector frozen by weakest performance since Brexit vote after disruption from heavy snow April 5, 2018 Activity in the UK services sector last month fell to 51.7 from 54.5 in February, according to the Markit/CIPS purchasing managers’ index out today. The 51.7 reading of activity in March marks the weakest service sector performance since July 2016. March data signalled a slowdown in business activity growth across the UK service sector, though [...]
First digital mortgage deed signed for house in Rotherhithe London April 5, 2018 The first digitally-signed mortgage deed has been successfully entered into the national database, for a house in London. HM Land Registry said today that it was part of a process to improve the use of technology in transactions making them “instantaneous where possible”. Instead of requiring the homeowner to sign a pen-and-paper contract in the [...]
Job vacancies surged in London last month with the capital ranked among top UK cities for job growth in March April 5, 2018 Businesses in London are on the hunt for new recruits, with job vacancies increasing by 9.1 per cent last month, according to analysis by CV-Library. The job site looked at fluctuations in pay, jobs and applications throughout March, and found that confidence among businesses in the capital wasn’t chilled by the deep freeze brought by [...]
Forty per cent fall in demand for diesel pushes new car sales down by nearly 16 per cent in March April 5, 2018 The ongoing onslaught against diesel cars continues to push down UK sales, with sales for new cars slumping by 16 per cent in March. Demand for diesel was down nearly 40 per cent compared with the same month last year, while alternatively fuelled vehicles (AVFS) were up 5.7 per cent . Demand for petrol was [...]