Ranked: The happiest place to live in Greater London is officially Richmond upon Thames October 11, 2017 Bad news, Londoners. For unless you’re residing in Richmond upon Thames, you’re not living in the happiest place in the capital. And while property site Rightmove has compiled the best places to live in the UK, five of the least happy places can be found in London. Still, Bromley and Camden residents can feel pretty [...]
Chancellor Philip Hammond says irresponsible to budget for no deal Brexit now October 11, 2017 The chancellor has said it will not be responsible to spend in preparation for a “no deal” scenario from the European Union now, and that the government is working to remove uncertainty troubling businesses. Writing in the Times, Philip Hammond said he needs to ensure “that we are prepared for all outcomes, including a no [...]
UK tech employs more foreign workers from outside the EU than within October 11, 2017 The impact of Brexit on the technology sector as it loses access to a pool of talent from Europe could be less severe than previously expected. Foreign workers are more likely to be from outside the EU, figures from an in-depth new report analysing the make up of the 1.7m strong digital workforce reveal. Read [...]
Open banking: A boon for consumers willing to shop around? October 11, 2017 Competition is better for the consumer. We see this time and again in our everyday lives. We’re already encouraged to shop around to get the best deals on everything from the calls we make to the energy we consume. Open banking – which comes into force just two months from now – is set to [...]
London businesses urge government to “grasp the nettle” as survey clocks fifth consecutive negative outlook since Brexit vote October 11, 2017 Businesses are urging government to “grasp the nettle” on issues as wideranging as Crossrail 2 and a London-specific shortage occupation list, following yet another quarter of negative sentiment. Confidence among firms across the capital dropped in the third quarter over all indicators, the London Chamber of Commerce and Industry (LCCI)’s latest Capital 500 survey today [...]
Jupiter pulls £300m from a Woodford fund in another blow for the once-favoured manager October 10, 2017 One of the UK’s largest asset managers, Jupiter, has pulled £300m from Neil Woodford’s flagship fund, a spokesperson for Woodford Investment Management confirmed this afternoon. The Jupiter Merlin team, which invests in a variety of other managers’ funds, ditched two thirds of its position in the CF Woodford Equity Income fund yesterday, trade publication Portfolio [...]
Equifax ups its estimates of British victims of hack to 700,000 October 10, 2017 Equifax today revised up its calculation of how many British consumers may have had personal information stolen earlier this year, revealing the hack on the credit reporting agency compromised the records of almost 700,000 people. Previous estimates of the effect of the hack, first discovered at the end of July, had pegged the number of [...]
Dow Jones newswire reports false story on Google buying Apple because of ‘technical error’ October 10, 2017 Newswire firm Dow Jones was today forced to hurriedly remove false headlines published online which claimed Google was buying Apple. The firm said the headlines were published as a result of a “technical error” in a statement, but gave no further information on the cause of the problems. Pictures posted online which purport to show [...]
Upgrades for Northern and Jubilee Lines to be axed as Transport for London focuses on boosted capacity from Elizabeth Line October 10, 2017 Planned upgrades for the Northern and Jubilee Lines have been paused by Transport for London (TfL), though train drivers’ union Aslef says they will be cancelled entirely. TfL confirmed today that it is “temporarily pausing” plans to buy more trains for the two lines, but Aslef said that senior managers admitted in private that the [...]
There was a bitcoin flash crash this morning: Here’s what happened | City A.M. October 10, 2017 Bitcoin prices had a flash crash today following Russia’s decision to ban websites of exchanges that offer cryptocurrencies. According to CoinDesk’s popular price index, which aggregates prices from four exchanges, the digital currency fell more than $600 in just a few minutes. After plummeting to below $4,200, prices have since bounced back up to trade [...]