Telecomms giant BT Group to name Simon Lowth, who has previously worked for BG Group and AstraZeneca, as new finance chief tomorrow morning March 17, 2016 BT Group is set to name Simon Lowth as its new finance chief tomorrow morning. Lowth was previously finance chief at oil company BG Group before it merged with Royal Dutch Shell earlier this year and, prior to this, he was finance chief at pharmaceutical company AstraZeneca. Lowth also sits on the board of Standard Chartered and has [...]
Libor scandal: Former UBS and Citigroup trader Tom Hayes lost the best part of £1m on trading as he tried to raise funds to pay for his legal fees March 17, 2016 Tom Hayes lost the best part of £1m trading to try to raise money to pay his legal fees, a court was told today. Hayes, who was found guilty on eight counts of conspiracy to defraud last August for his role in manipulating Libor, has been attending a hearing at the Old Bailey since Monday to [...]
St Patrick’s Day 2016: Clean, raw, organic eatery SHOT picks the wrong day for a launch party as City workers take the afternoon off for St Paddy’s Day drinking March 17, 2016 With a name that brings back memories of messy nights and student parties, City folk may feel slightly disappointed when they find out that SHOT, the latest edition to St Paul's restaurant options, has absolutely nothing to do with drinking. Touted as the latest "innovative clean eating concept" in the City, SHOT actually stands for "Simple. [...]
Prime Minister David Cameron receives EU support to abolish the tampon tax March 17, 2016 Prime Minister David Cameron has secured the support of other EU leaders to pave the way for the UK to abolish the so-called "tampon tax", according to officials. A deal between the UK and the EU would give the government flexibility to remove the current five per cent VAT rate on sanitary products, replacing it [...]
Shell and Saudi Aramco break up 20 year US refinery joint venture March 17, 2016 Shell and Saudi Aramco have announced the end of their 20-year US refinery joint venture and divided up a number of US assets between themselves. The Motiva joint venture, formed in 1998, had operated as a 50/50 refining and marketing joint venture between the London-listed oil giant and Saudi Arabian national oil company. "Motiva's performance [...]
Top tips for choosing the right tenant for your buy-to-let investment March 17, 2016 So you’ve spent months searching for the perfect property investment and transforming it into a modern, comfortable home. Now it’s time to hand over the keys to a perfect stranger and hope they pay up. Or perhaps you’re upsizing and you’re hoping Mr Rando won’t destroy your beloved first home. But how can you be [...]
Will Steinway & Sons’ newest invention, the Spirio, bring the player piano back into homes? March 17, 2016 The digital revolution has upset a lot of industries, but perhaps none more so than the music industry. With file sharing and streaming via subscription services the norm, the sight of vast collections of CDs stacked up around a home entertainment system is already becoming a rarity in living rooms. As a heritage brand with [...]
Apple boss Tim Cook: FBI’s attempt to crack iPhone back door is “bad for America” and makes the country more vulnerable March 17, 2016 Ahead of next week's hearing on whether the US Department of Justice can force Apple to help the FBI access an encrypted iPhone used by one of the San Bernardino attackers, the tech giant's chief exec has issued a strong warning on what this could mean for the US. In an interview with Time, Apple [...]
Focus On Canning Town: For affordability and an easy commute to Canary Wharf, the only way is E16 March 17, 2016 East London’s post-industrial landscape is rapidly disappearing in favour of quirky cultural venues, artfully rustic cafes and glassy residential towers. While the investment potential in Hackney and Tower Hamlets has been well-documented, other locations that are just as accessible have managed to slip under the radar. One of these is Canning Town, a part of [...]
Budget 2016: Institute for Fiscal Studies (IFS) director Paul Johnson says chancellor George Osborne “really is running out wriggle room” March 17, 2016 Chancellor George Osborne will likely need to hike taxes or cut spending if he is to meet his self-imposed target of balancing the budget by the end of the decade, the director of the Institute for Fiscal Studies (IFS) has warned. Paul Johnson, who runs the influential think tank, said today that the chancellor has [...]