Business groups hit out at RMT’s Eurostar strike August 10, 2016 The business community has slammed a union behind the strike scheduled to take place on Eurostar. The RMT union has said its members will strike from 12 to 15 and 27 to 29 August, while TSSA members will strike on 14, 15, 28 and 29 August. The news comes after RMT said its members on Virgin [...]
Police investigate Heathrow Airport security pass scam August 10, 2016 Scotland Yard is investigating an alleged scam involving airside security passes for Heathrow Airport, it has been reported. Sky News reported two young women, thought to be airport workers, had been arrested. "We can confirm that officers from the Met's Aviation Policing Command are investigating an allegation of fraud," said a spokesperson for the Metropolitan Police. [...]
Unauthorised overdraft charges can cost consumers more than payday loans, according to research from an online current account specialist August 10, 2016 Overdraft fees can cost as much as five times more than a pay-day loan according to figures from digital current account provider Ffrees. Borrowing £100 for a month on a short term loan can incur charges of as much as £20, but taking the same amount from an unauthorised overdraft could see consumers stung for £100, [...]
These are the new buzzwords Goldman Sachs thinks we should all know August 10, 2016 Ever the helpful sort, Goldman Sachs has launched its latest set of buzzword explainers to help us avoid becoming 2016 trend luddites. The Capitalist will admit to knowing only one of the three new key phrases Goldman has detailed and explained in video form – brace yourselves. The first is, apparently, "OLED". No, not the [...]
Lloyds boss Antonio Horta-Osorio questioned by bank over alleged tryst trip August 10, 2016 Lloyds Banking Group's boss has faced some tricky questions from his own bank over reports he had a tryst while away on business. Antonio Horta-Osorio, who has been at the helm of the taxpayer-backed bank since 2011, is said to have met with alleged lover Dr Wendy Piatt, a former Tony Blair aide, while travelling in June to a [...]
How to holiday like a retail tycoon: Here’s everywhere Sir Philip Green’s yacht has been since he was labelled “the unacceptable face of capitalism” August 10, 2016 Sir Philip Green's Aegean summer cruise has come under intense scrutiny since MPs labelled him "the unacceptable face of capitalism" last month – but save for a few sightings, the whereabouts of Green's £100m yacht has been something of a mystery. Until now. Using publicly-available data, City A.M. has literally joined to dots to find out what [...]
Magnificent seven: tips to get the most from your Festival experience August 10, 2016 | City Talk NULL
Mayor calls on the Prime Minister to back Gatwick Airport as government still silent on aviation August 10, 2016 The mayor of London has called on Prime Minister Theresa May to back Gatwick to expand aviation capacity in the south east. Khan said he has written to May to urge her on making a decision on what should be a top priority for the government and agree with him that a second runway should be built [...]
First-time buyers secured more mortgages in June than at any other point since August 2007 August 10, 2016 First-time buyers boosted mortgage lending in June as tax changes designed to deter buy to let landlords took effect. June mortgage lending was up by 29 per cent month-on-month, according to lending data from the Council of Mortgage Lenders (CML). Mortgage lending was up by 12 per cent compared to the same month last year. First-time [...]