EU referendum: Former Conservative chancellor Norman Lamont backs Brexit arguing EU needs an agreement as much as UK does March 2, 2016 Former Conservative chancellor Norman Lamont has put his two cents into the EU referendum debate, backing Brexit and labelling the impending EU referendum a "once-in-a-generation opportunity". The Conservative peer – coincidentally Prime Minister David Cameron's old boss – said Britain must take control of immigration and that Downing Street's warnings about the alternatives to membership [...]
Russian oil production shows first sign of freeze deal March 2, 2016 Russian oil production was flat in February, in the first sign of the country's participation in a historic production freeze deal among some of the world's biggest producers. Energy Ministry data showed oil output held at the same rate in January of 10.88m barrels per day. In tonnes, it hit 43.064m compared to 46.006m in January, which [...]
Barclays’ share price fall and profit losses and Sports Direct’s looming FTSE demotion remind us of the lasting impact of corporate failings March 2, 2016 Barclays has hit the headlines again with news of a dramatic fall in share prices and profit losses. Like many of the world’s big banks, the organisation has been hampered by sins of the past, which have eroded employee and consumer trust. Its response has been one of drastic internal restructuring, and assertions of a new approach [...]
Quarter of Britons would take a pay cut for fewer hours – but businesses are worried it will harm productivity and be a logistical nightmare March 2, 2016 Daily grind getting to you? You're not alone. Nearly a quarter of British workers would be willing to take a pay cut in return for fewer working hours. A new report from Scottish Widows’ think tank, the Centre for the Modern Family, found that 23 per cent of would be happy with a smaller pay packet if [...]
Super Tuesday 2016 results: US Republican Donald Trump and Democrat Hillary Clinton move closer to the White House in Presidential Election primaries March 2, 2016 Democrat Hillary Clinton and Republican Donald Trump have moved closer to the White House after securing big wins on Super Tuesday. With 12 states and one territory voting, both Clinton and Trump won most of the states on the biggest day of the race towards collecting their parties nomination. Bookmaker Ladbrokes has cut the odds [...]
The Shard inches closer to being filled after confirming second letting for 2016, with digital marketing agency Jellyfish due to move into level 22 soon March 2, 2016 One of the most iconic buildings on London's skyline inches closer to being filled today, after The Shard signed its second letting for the year. Digital marketing agency Jellyfish will later this year move its headquarters into a 9,017 sq ft office space on level 22 of the building near to London Bridge from its current base [...]
Fintech Week 2016: How London can become the fintech capital of the world March 2, 2016 Events like last week's Fintech Week show the government's commitment to be more than just words. But there is plenty more the government can – and must – do to ensure London cements its place as the global leader in fintech. There are several short-term pragmatic steps they could take, like setting up centres of excellence in specific fintech streams, [...]
Poundland appoints Kevin O’Byrne as chief executive as Jim McCarthy retires March 2, 2016 Poundland has appointed former B&Q boss Kevin O'Byrne as chief executive, replacing Jim McCarthy who will retire after 10 years in the role. O'Byrne will initially join as chief executive designate from 4 April, taking on the full reins on 1 July. McCarthy will remain available to the board until he retires at Poundland's AGM in September. [...]