Labour’s Robin Hood tax plans: Pensioners will suffer as levy erodes retirement pots, says asset manager May 15, 2017 Pensioners will be hit hardest by Labour plans to introduce a Robin Hood tax, one of the UK’s leading asset managers has said. On Sunday the Labour party revealed plans to raise £4.7bn by changing stamp duty levels on shares and introducing a levy on other financial instruments such as derivatives. Today the chief investment [...]
As the bitcoin rally continues, are we witnessing a bubble? May 15, 2017 Dr Garrick Hileman, research fellow at the Cambridge Centre for Alternative Finance, Judge Business School, says Yes. It’s unclear whether the recent ransomware attacks and stories of preemptive bitcoin stockpiling have had a significant impact on its price, which has more than tripled over the past twelve months. Regardless, is it true we are witnessing [...]
Meet the six tech startups working with Transport for London to make the capital a smart city in Nitrous accelerator’s first cohort May 15, 2017 Six star startups have been chosen to delve into Transport for London’s troves of data to help transform the capital into a so-called smart city. Entrepreneurs working to reduce congestion on the trains, buses and roads of London as well as pollution will join the first Nitrous accelerator, designed to connect up-and-coming tech companies with [...]
WannaCry ransomware NHS cyber attack: A final warning for banks and fintech May 15, 2017 It was the most high profile cyber attack in some time, and one of the largest ever carried out. Governments, hospitals, companies and universities in over 150 countries were affected by the recent ‘WannaCry’ cyber attack, which affected more than 230,000 computers with ransomware and demanded bitcoin payments. Media coverage in the UK focused on [...]
Sir James Dyson to spend £130m on The Village commercial buildings in London May 15, 2017 Vaccum cleaner king Sir James Dyson is in pole position to snap up a £130m portfolio of commercial buildings in London. The billionaire’s bid will likely beat rivals’ offers for a portfolio of 13 buildings in Fitzrovia known as The Village, according to the Sunday Times. The properties are currently owned by the LCH Group. [...]
London house price growth grinds to a halt as the capital becomes the second slowest region in England and Wales May 15, 2017 London was the region with the second slowest house price growth in England and Wales last month, a survey out today shows. Although up 1.4 per cent annually, average house prices in Greater London fell 0.1 per cent month-on-month in April. Prices decreased by £750 to £610,418, according to the latest England and Wales House [...]
Kim soars to win Players Championship as Poulter returns to form May 15, 2017 South Korea’s Kim Si-woo kept his nerve to claim a second PGA Tour title with a three-shot victory over England’s Ian Poulter and Louis Oosthuizen of South Africa at The Players Championship at Sawgrass. The 21-year-old was calmness personified as he finished on 10-under par after a flawless final round, keeping Poulter, his main rival [...]
Royal Mail retires pensions scheme: The what, why and how of delivering a credible deal for postal workers May 14, 2017 The Royal Mail will deliver its full-year results on Thursday, three and a half years after the London listing of 501-year-old firm. Perhaps the biggest millstone around the company’s neck is its gigantic final salary pension plan that services 90,000 of Royal Mail’s 160,000 employees. In January Royal Mail revealed plans to shut down the [...]
Europol chief Rob Wainwright praises banks’ cyber strategy after “unprecedented” global ransomware attack hits 200,000 victims in 150 countries including NHS, Telefonica, Nissan and Renault May 14, 2017 There have been more than 200,000 victims in 150 countries from an “unprecedented” global cyber attack over the weekend that brought down NHS services and hit companies such as O2 owner Telefonica, Nissan and Renault. The chief of Europol Rob Wainwright revealed the latest estimates of how far the ransomware has spread on Sunday morning, [...]
Tottenham Hotspur: 27 iconic photos that capture White Hart Lane’s storied history | City A.M. May 13, 2017 Tottenham’s Premier League meeting with Manchester United on Sunday will likely have little bearing on Spurs’ final position this season yet, regardless of the result, this game will linger long in the minds of those present. Even after memories of the action on the pitch fade, the White Hart Lane crowd will take every opportunity [...]