Vaping and tobacco industries welcome Public Health England review into e-cigarettes February 6, 2018 The tobacco and vaping industries have greeted a new report by Public Health England which found that e-cigarettes only pose minimal health risks. The review was welcomed by British American Tobacco and the UK’s vaping industry trade body among others. The review comes as a rebuke to fresh health concerns over vaping which have emerged [...]
Delivering the essentials, every day: In defence of the support services sector – and why not all firms are like Carillion February 6, 2018 Cleaning parliament, securing the perimeter fence at Britain’s atomic weapon’s establishment, feeding the nurses and doctors at the NHS’s busiest hospitals, repairing the telephone masts across our isle. These are all services provided by Mitie. We clean, protect, repair and care for the working and leisure environments that 5m people pass through every day. From [...]
Taking the bull by the horns: Does the sell-off signal the start of a bear market? February 6, 2018 FOMO, or the fear of missing out, was the overriding concern for stock market investors as we entered 2018. But markets can quickly change tack, and the first few days of February have seen investors dump equities over fears that the bull run is coming to an end. This sell-off has been prompted by mounting [...]
Watford 4, Chelsea 1: Antonio Conte insists he does not fear sack despite humiliating defeat pushing him to the brink February 6, 2018 Watford 4, Chelsea 1 Chelsea manager Antonio Conte last night insisted that he does not fear the sack despite a humiliating setback at Watford leaving him fighting to save his job. The Premier League champions, who played with 10 men for an hour, looked rudderless as they succumbed to consecutive three-goal defeats against teams in [...]
The rise of passive investment could trigger a sharper stock market sell-off February 5, 2018 Stock markets turned red again on Monday, as last week’s sell-off maintained its grip on trading floors throughout the world. There are many rational reasons why specific equities, or the market more broadly, may have taken a knock. Signs of core inflationary pressures across the pond arguably triggered last Friday’s bearish turn, with strong growth [...]
Lloyds Banking Group cuts 930 jobs ahead of fresh three-year strategy February 5, 2018 Britain’s biggest bank has axed 930 jobs across multiple divisions ahead of a new three-year strategy to be unveiled later this month. A Lloyds Bank spokesperson said the majority of cuts were within the lender’s commercial banking unit, the chief information office, risk, community banking and insurance and wealth. A net total of 465 roles [...]
Formula 1 to replace discarded grid girls with new “grid kids” scheme February 5, 2018 “Grid kids” will replace Formula 1’s grid girls at this season’s Grands Prix, following F1 bosses’ decision to scrap the long-standing tradition of using female models before races. Children who compete in junior categories of motor racing in each Grand Prix-hosting nation will be given the opportunity to stand alongside the 20 drivers on the [...]
Mitie chief executive Phil Bentley: Contractors must bolster balance sheets to absorb Carillion-style “knocks” February 5, 2018 Britain’s beleaguered contracting sector must shore up their balance sheets to weather a Carillion-style storm, the boss of support services giant Mitie has said. Capita was the latest contractor to suffer at the hands of investors. Shares almost halved last week after it revealed an operational turnaround and warned on profits. And the likes of [...]
Bitcoin credit card ban: Virgin Money joins Lloyds Bank with a ban on cryptocurrency credit card purchases February 5, 2018 Challenger bank Virgin Money has banned the purchase of cryptocurrencies like bitcoin on its credit cards, joining the likes of Lloyds Banking Group and US investment banks. A spokesperson said: “Following a review of our policy we can confirm that customers will no longer be able to use their Virgin Money credit card to purchase [...]
Bitcoin’s price hits its lowest since November on a credit card ban and tightening reguations February 5, 2018 The price of bitcoin has slumped more than 10 per cent to a three-month low today as cryptocurrencies face attacks from all sides. At the time of writing, bitcoin was trading 11.54 per cent lower at $7,241.86, near its intra-day low. In the past month, the digital currency’s value has fallen by $10,000, wiping more [...]