Donald Trump becoming next US president is a bigger risk to the world than jihadi terrorism and Brexit, according to the Economist Intelligence Unit March 17, 2016 China's economy experiencing a sharper-than-expected slowdown is the world's biggest risk, according to the wonks over at the Economist Intelligence Unit. "If China's economy slows by more than we currently expect, it will further feed the ongoing global commodity price slump, with a hugely detrimental impact on those Latin American, Middle Eastern and Sub-Saharan African states that [...]
Marylebone residents in fight with Transport for London over Tube noise March 17, 2016 Residents in Marylebone are battling Transport for London over the noise Tubes make, according to reports. The residents said the noise was "as loud as a jet engine" for almost two years, and have made repeated complaints to TfL. Read more: This alternative Tube map shows you the travel time from every station Homeowners in the area [...]
Rush hour chaos on Piccadilly, Central, Waterloo & City lines March 17, 2016 Commuters trying to get to work from West London faced a chaotic start to the day because of severe delays on the Piccadilly Line. The line was suffering from issues as far as Acton Town to Uxbridge this morning, because of a signalling failure at South Harrow, Transport for London said. Although it said there was a good service [...]
Imagination Technologies share price jumps on more job cuts and more restructuring plans March 17, 2016 Imagination Technologies is cutting a further 200 jobs from its global workforce with its latest restructuring efforts. Shares of the UK chip maker, which counts Apple among its customers, jumped as much as 11 per cent in early morning trading after the company updated investors on its turnaround plan. The firm aims to save a further £12.5m by [...]
Battersea Power Station unveils the first “local, artisanal” tenants at its Circus West retail development March 17, 2016 Battersea Power Station has unveiled the first of the tenants for its Circus West retail development – and there's a decidedly olde worlde feel about them. The team behind the giant development, which will eventually include thousands of homes, shops and offices – as well as leisure space and parkland – said each of the [...]
GlaxoSmithKline’s share price dips as pharma giant announces boss Sir Andrew Witty to leave after a decade March 17, 2016 Sir Andrew Witty is standing down as chief executive of pharma giant GlaxoSmithKline after nearly a decade at the helm, the group has revealed this morning. Witty will retire on 31 March 2017, giving the group time to search for a successor. GSK said it would consider internal and external candidates for the role. Investors [...]
Rio Tinto’s share price rises as miner names Jean-Sébastien Jacques chief executive as Sam Walsh steps down March 17, 2016 Rio Tinto has named Copper & Coal boss Jean-Sébastien Jacques as its next chief executive, when incumbent Sam Walsh steps down this summer. Walsh will retire from the business on 1 July, the miner announced this morning. He will also retire from the board, where he has served for seven years, at the same time. Jacques, [...]
Brent crude and WTI: Oil prices extend gains on output freeze meeting March 17, 2016 Oil prices extended gains this morning, continuing to rise on firmer news of a meeting to discuss freezing output at January levels between the world's biggest suppliers. Opec and non-Opec producers are due to hold a meeting next month, even without the participation of rebel Iran. This would would increase the likelihood of the first global [...]
City Moves for 17 March 2016 | Who’s switching jobs March 17, 2016 Morgan McKinley Global recruiter Morgan McKinley has appointed Lauren Di Ventura as global head of learning & development. Lauren brings over 15 years of extensive experience developing and implementing effective people strategies within learning and development in the recruitment industry. Lauren started her career as a recruiter at Blue Arrow and then progressed to recruitment [...]
Four fintech lessons from Silicon Valley to London March 17, 2016 I had an eye-opening trip to San Francisco last week, as part of a UKTI mission to showcase the Best of British in fintech. While there, we were fortunate enough to meet with some of the most influential organisations on the West Coast, to educate them on the burgeoning fintech market here in the UK [...]