Scientists have found having adult kids stuck at home could create health benefits for parents September 30, 2016 Stuck with your adult children still living at home? There’s good (and rather counter-intuitive) news: scientists have found inter-generational living has huge benefits for mental health. Unemployment, student debt and low earnings for graduates mean more adult children than ever are moving back home after university. But a study looking at families across Europe found [...]
LinkedIn warns of Brexit talent block (and these three sectors could be worst hit) September 30, 2016 LinkedIn has warned that Brexit could stop UK business from accessing the best and the brightest talent from Europe, with professional services, technology and finance likely to be the hardest hit. Leaving the EU could put at risk access to top talent from across the region which accounts for 40 per cent of professional migration to the UK, [...]
Oil prices slide back to $48 after two-day jump September 30, 2016 Oil prices fell today after a seven per cent rise in the last two sessions as doubts grew over the ability of Opec's output cut to accelerate the stricken market's recovery. Brent crude, the global benchmark, fell as much as 1.77 per cent to $48.62 per barrel in mid-morning trading, having settled up about 1.1 per cent [...]
“Forces in the market want to weaken us”: John Cryan seeks to reassure Deutsche Bank staff September 30, 2016 Deutsche Bank shares edged back over the €10 mark in mid-morning trading after chief executive sought to reassure staff in a company-wide memo. In the document, Cryan suggested the bank was strong and hit out at "speculators" for causing wild swings in the company's share price. "Our bank has become the object of heavy speculation – renewed rumours [...]
UK GDP growth revised up to 0.7 per cent before EU referendum September 30, 2016 The UK economy grew by 0.7 per cent in the three months to the end of June, the Office for National Statistics (ONS) confirmed this morning as it revised up its previous estimates. The ONS initially thought the UK grew by 0.6 per cent in the run up the the referendum, though it now estimates [...]
Airbus announces restructuring plan in order to bring the group closer together September 30, 2016 French aerospace giant Airbus Group has announced a corporate shake-up that will see divisions merged, brands simplified and bureaucracy removed. The group’s plane and engine divisions will be brought under one umbrella with Fabrice Bregier taking on the role of chief operating officer of the new company to be called simply “Airbus”. "We are bringing Team [...]
Britain’s most expensive streets revealed: Zoopla unveils rich list of top 10 priciest neighbourhoods in London September 30, 2016 The UK's top 10 most expensive neighbourhoods are all still in London and they're all still eye-poppingly pricey – but they are getting cheaper. Well, some of them. Top of Zoopla's property rich list is Kensington Palace Gardens, W8, where the average property will set you back £38.3m, followed by The Boltons in SW10, where a [...]
Premier Foods’ chairman David Beever is stepping down September 30, 2016 The chairman of the company behind such classics as Angel Delight and Mr Kipling has announced plans to step down. Premier Foods said this morning David Beever plans to step down as chairman of the company next year, in order to reduce his work commitments. The board said it will now begin the search for a replacement. [...]
Entertainment One shares rise on boost from Peppa Pig September 30, 2016 Shares in Entertainment One ticked up 0.10 per cent to 213.30p this morning after the Peppa Pig maker revealed it was on track to meet expectations this year. The film and TV distributor, which recently rebuffed a £1bn takeover bid by ITV, revealed an independent valuation of its library had risen to $1.5bn (£1.2bn) from $1bn. This was driven by [...]
Deutsche Bank hammers European bank stocks and FTSE 100 September 30, 2016 UK markets have fallen in early morning trading with eyes across Europe glued to Deutsche Bank as its shares set fresh record lows amid ongoing speculation about the lender's financial health. Deutsche Bank collapsed by more than nine per cent in Frankfurt this morning after key partners took fright and started to cut back their exposure to [...]