Provident Financial an “utterly impossible” challenge if it were to return to an agent network, says rival Morses Club March 1, 2018 Britain’s second-biggest doorstep lender today said it is “utterly impossible” for troubled rival Provident Financial to perform a U-turn on a controversial shake-up to its agency network. Was Provident to renege on changes, it would send “shockwaves into markets” and suggest a “lack of leadership at the top”, the chief executive of Morses Club said. [...]
Financial Conduct Authority (FCA) head Andrew Bailey urges industry to solve the “big unanswered question” on Libor March 1, 2018 The top City watchdog today put another nail in the coffin of Libor’s use as the go-to “risk-free” rate of lending, urging the industry to look into new ways of solving the problem of legacy contracts. Andrew Bailey, the head of the Financial Conduct Authority (FCA), said the shift away from London Interbank Offered Rate [...]
Tony Blair: EU can still stop Brexit – but you will have to reform freedom of movement March 1, 2018 Brexit could still be stopped – if the EU accepts fundamental reform, not least when it comes to freedom of movement – Tony Blair will today claim. Hot on the heels of yesterday’s anti-Brexit speech from his predecessor Sir John Major, Blair will tell Brussels that Europe holds the key to “getting Britain to change [...]
The UK’s gas supplies are running low as freezing weather grips the country, National Grid warns March 1, 2018 As freezing weather continues to seize the UK today, National Grid has warned Britain does not have enough gas supplies to meet demand. The UK’s grid operator issued a gas deficit warning as a perfect storm of supply issues and rocketing demand hit the nation, saying the UK’s gas supplies fell more than 50m cubic [...]
Scottish Rugby condemn alleged fan abuse of Eddie Jones as England head coach blames Gavin Hastings interview with City A.M. March 1, 2018 Scotland rugby chiefs have condemned supporters who verbally abused England head coach Eddie Jones in the aftermath of Saturday’s Six Nations clash in Edinburgh. Jones said the hostility he faced on public transport would stop him using it in future – and blamed remarks made by former Scotland captain Gavin Hastings in an interview with [...]
Sky partners with Netflix to get Stranger Things, The Crown, Queer Eye and more onto Sky Q March 1, 2018 Sky has signed a deal with Netflix to include the streaming service in one of its subscriptions. The Netflix app will be integrated into Sky Q, giving customers access to The Crown, Stranger Things, and the new reboot of Queer Eye. By placing Sky and Netflix content side-by-side, along with programmes from the likes of [...]
Hunting share price (HTG) rises as it returns to profit on the US shale boom March 1, 2018 Energy services firm Hunting returned to profit in 2017 as the US shale boom helped the company recover from a three-year downturn in the oil industry, but the firm is eyeing an eventual recovery in offshore drilling. The figures Hunting’s underlying profit from continuing operations rose to $13.7m (£9.95m) from a loss of $92.2m the [...]
How to read the mind of a mad market without going insane yourself March 1, 2018 When the stock market goes bipolar and oscillates wildly, what’s the impact on your emotional state? Computerised trading algorithms might be increasingly preferred over human beings because side-lining sentiment improves results. Computers “don’t get emotional about the stock”, to quote a famous line from the movie Wall Street. The same obviously cannot be said for [...]
Harnessing tech can help break the glass ceiling March 1, 2018 While issues around diversity and inclusion have been well and truly thrust into the spotlight following a year of sexual harassment and gender pay inequality scandals, the numbers still paint a bleak picture. In the UK, there is still no single sector where women make up more than 33 per cent of total senior management [...]
Tottenham Hotspur 6, Rochdale 1: Fernando Llorente hat-trick helps Spurs forget VAR controversy February 28, 2018 Tottenham boss Mauricio Pochettino added to questions over the effectiveness of the Video Assistant Referee (VAR) after his side’s FA Cup fifth round replay victory over League One strugglers Rochdale was littered with delays and confusion. Striker Fernando Llorente scored an 12-minute second-half hat-trick to calm Tottenham’s nerves after Rochdale had levelled through Stephen Humphrys, [...]