Bankers: Nearly everybody else is working harder than you April 27, 2016 Workers in the square mile probably feel like they have one of the hardest daily grinds in the country. If you're one of them, you might agree, but a new survey from recruitment firm Reed suggests there will be little in the way of sympathy from friends and families in other professions. In fact, most people [...]
Unibet Group’s share price jumps five per cent as online gambling firm lays down huge profits in first quarter April 27, 2016 The share price of European online gambling hub Unibet jumped five per cent today after it announced an almost doubling of profit before tax and a 400,000 jump in users. The figures Unibet's profit before tax for the first quarter almost doubled, reaching £22.5m, up from £11.3m in the first quarter of 2015. The company recorded [...]
Media mogul Arianna Huffington is joining the board of ride-hailing service Uber April 27, 2016 Media tycoon Arianna Huffington will join the board of directors of the ride-hailing app service Uber. Travis Kalanick, Uber's chief executive, announced Huffington's appointment to Uber, which was launched in 2009, in an article on The Huffington Post. "For those of us who know Arianna, it's clear she knows a thing or two about being an entrepreneur," [...]
Watchdog issues new rules ahead of auditor merry-go-round April 27, 2016 The accountancy watchdog has today issued its final draft of guidance for auditors ahead of a significant piece of EU legislation coming into force this summer. The final drafts of updates to the Financial Reporting Council's (FRC) UK Corporate Governance Code, Guidance on Audit Committees, and Auditing and Ethical Standards are designed to better secure the independence [...]
EU referendum: OECD Brexit warning in numbers, quotes, and charts April 27, 2016 The Organisation for Economic Co-operation and Development (OECD) issued a stark picture of what a British exit from the European Union would mean for the UK economy this morning. That UK would be worse off “for generations to come” according to the OECD was just one of a number of comments and charts published today that will be [...]
Japanese broker Nomura reports unexpected quarterly loss after announcing hundreds of job losses in Europe April 27, 2016 Japanese broker Nomura has reported an unexpected quarterly loss, its first since 2011, as market conditions "deteriorated considerably". The figures The firm's net revenue for its fourth quarter, ending March 2016, was ¥280.1bn (£1.72bn), down 36 per cent year on year. It also reported a net loss for the period of ¥19.2bn. Analysts had expected Nomura [...]
Need a date and a housemate? This is where London’s singletons are looking for property April 27, 2016 At the end of the nineties, Hugh Grant and Julia Roberts put Notting Hill on the map as the most romantic place in London. Now times have changed. It seems London’s singletons are pretty hipster – those looking for love are now living in Shoreditch. North London is a goldmine when it comes to looking for singles in your [...]
These are the UK’s most-hated banks April 27, 2016 Banker-bashing may have become something of a national sport in recent years – but what about bank-bashing? A new survey has revealed UK banking customers' most-hated lenders. The so-called Big Four make up the top of the list, with Royal Bank of Scotland (RBS) scoring just 49.3 on a reputation scale of 0-100, while Lloyds follows, [...]
What you need to know about Apple (other than that revenue drop) April 27, 2016 Oooof. We knew it would be bad, but not quite this bad. Apple's revenue miss was worse than expected, coming in at around £2bn less than the average analyst estimates while the predicted iPhone sales slowdown indeed came to pass. But beyond those big numbers (first revenue drop since 2003, first iPhone dip since its 2007 [...]
Shrek maker Dreamworks sees share price soar after news Comcast is considering $3bn takeover bid April 27, 2016 Shares in Dreamworks were up by more than 15 per cent on Wednesday after it emerged Comcast is considering a takeover of the company. Shares in Comcast, the creator of the Despicable Me and Minions films, were also up slightly following the news. Read more: Comcast pours cold water on ITV takeover talks Comcast is in talks to [...]