Merlin Entertainments feels the heat over Alton Towers Smiler rollercoaster accident as boss Nick Varney tries to mitigate crisis June 3, 2015 Merlin Entertainments boss Nick Varney faced his toughest test as a public chief executive yesterday, dealing with the aftermath of a crash which seriously injured four people on the so-called Smiler rollercoaster at Alton Towers. Two teenagers, Joe Pugh, 18 years old, and his girlfriend Leah Washington, 17, were named as two of the [...]
Goldman Sachs’ support staff lead salary and bonus rankings again June 3, 2015 BACK office bankers are best paid at Goldman Sachs, according to a study of salaries and bonuses in the sector from Emolument.com. Staff in support functions at the prestigious investment bank receive an average salary of £87,000 with an average bonus of £38,000, taking total pay up to £125,000. The next biggest bonuses is at BNP [...]
Cairn Homes IPO: Irish homebuilder to raise about £270m in London listing June 3, 2015 Irish housebuilder Cairn Homes will raise around £270m in a London flotation to take advantage of Ireland’s resurgence by building more homes for the country’s rising population of young househunters. The company, which was formed about a year ago by Michael Stanley and Alan McIntosh, will sell shares to investors for €1 each, raising money [...]
Britain’s jobs market has taken off and wages are starting to rise – are young workers benefiting? June 3, 2015 It is not easy moving from school to the office. It has always been a difficult jump, and in the financial crisis, some found it impossible. Witness the surge in youth unemployment in the financial crisis, soaring from 12 per cent at the start of 2008 to 20.2 per cent in early 2011, for [...]
Eurozone economic recovery struggling to gain momentum as unemployment remains high June 3, 2015 Unemployment in the currency bloc was still high at 11.1 per cent in April The Eurozone economy is gradually improving but its recovery is failing to build on a solid start to the year, figures published yesterday show. The rate of joblessness in the Eurozone edged down in April, marking 24 months of [...]
Morrisons stays in the FTSE 100 as Aggreko drops out and Inmarsat is promoted June 3, 2015 Troubled supermarket Morrisons held on to its listing in the FTSE 100, while power outsourcer Aggreko was given the boot as part of the index's quarterly reshuffle. Satellite maker Inmarsat will replace the company, which in recent months has been hit by the strength of the pound. Meanwhile, a trio of challenger banks, including Aldermore, [...]
Merlin Entertainments share price falls again as Alton Towers stays closed following Smiler rollercoaster collision June 3, 2015 Alton Towers will remain closed today following a collision on an £18m rollercoaster which left four people seriously injured. Read more: Two carriages of Alton Towers rollercoaster Smiler collide Shares in the theme park's owner, Merlin Entertainments fell in early trading this morning, after a 3.5 per cent drop yesterday afternoon made it one of the biggest [...]
One chart showing Greece’s upcoming repayment deadlines June 3, 2015 There are whispers this could be week the Greece finally manages to agree a deal with its creditors, unlocking billions of euros and staving off bankruptcy. Greece must pay €1.6bn (£1.2bn) to the International Monetary Fund (IMF) between now and 19 June – starting with €300m (£218m) due on Friday. If it misses this deadline it'll get [...]
A third of all new businesses will be pop-ups by 2017 June 3, 2015 It seems the pop-up revolution has well and truly begun, after new research showed 11.6m people plan to start their own business ventures within the next two years and 29 per cent of those plan to start out with pop-ups. The study, by EE, showed pop-ups, shops that open short-term businesses in available retail space, [...]
JP Morgan draws the line on staff voicemail to cut costs June 3, 2015 Many of JP Morgan's employees will no longer have voicemail once a new cost-cutting plan is rolled out. The bank is getting rid of the service, which costs $10 (£6.5) per month per person, because it says many of its staff simply don't need it. “We realized that hardly anyone uses voicemail anymore…we’re [...]