Banks like Lloyds, Barclays and HSBC told to give up stakes in the UK’s payment systems to increase competition and innovation February 25, 2016 Britain's biggest banks have been told to ditch their stake in the core system which govern how the majority of payments in the UK, from salaries to bank transfers, are made in order to increase competition in the market. Barclays, Royal Bank of Scotland, Lloyds, HSBC and Santander are among 18 banks which collectively own Vocalink, the system underpinning [...]
Eurozone inflation edges up to eight-month high in January as impact from cheap oil starts to wear off February 25, 2016 Eurozone inflation hit an eight-month high in January as the impact of cheaper oil prices began to wear off. Annual price inflation hit 0.3 per cent, EU statistical office Eurostat said this morning. While the inflation reading was slightly lower than a previous estimate of 0.4 per cent, it is the highest annual price growth [...]
Merlin to be prosecuted by Health and Safety Executive over Alton Towers Smiler crash, in which two passengers had to undergo leg amputations February 25, 2016 Alton Towers parent company Merlin Entertainments is to be prosecuted over last year's Smiler crash, in which five people were seriously injured. The Health and Safety Executive said today that Merlin Attractions would appear at North Staffordshire Justice Centre, Newcastle-under-Lyme on 22 April to face a charge under the Health and Safety at Work Act. Two female passengers were [...]
These are the most right-swiped jobs on Tinder: Pilots, physical therapists and teachers more popular than models February 25, 2016 When looking for love, a person's job can make all the difference – and some apparently more than others, according to Tinder. The dating app has revealed the careers which people are most likely to swipe right on. When picking a partner, women prefer men who are pilots, entrepreneurs, firefighters or doctors. Meanwhile men are more likely to go [...]
More and more people are planning ahead for their death by looking for ways to cover funeral costs February 25, 2016 More and more people are planning ahead for the financial costs of their final days, according to analysis from a funeral plan provider. According to Golden Charter, the number of sales for pre-paid funeral plans shot up by nearly 25 per cent in 2015. Collectively across the UK people now hold more than a million pre-paid [...]
Foxconn delays $4.3bn takeover of Sharp which would unite major Apple iPhone suppliers February 25, 2016 A billion dollar deal that would create a merger between two of Apple's biggest suppliers has already hit a road block just hours after the takeover was confirmed. Foxconn has put the $4.3bn (£3.08bn) deal to takeover Sharp on hold, according to several reports, after receiving new information regarding financial risks. The struggling Japanese electronics maker earlier gave [...]
Brit Awards 2016: Viagogo reports jump in demand for Adele and Rihanna tickets after Brits appearances February 25, 2016 Hello. Rumour Has It Rihanna and Adele Run This Town, after ticket website Viagogo reported surges in demand for tickets to their shows following their appearances at last night's Brit Awards. The company said it had experienced a 147 per cent spike in searches for tickets to Richanna's "Anti" tour overnight, while frenzied Adele fans created [...]
Fed Reserve Bank of St. Louis: Why oil prices could fall to zero by mid-2019 despite markets predicting $50 per barrel February 25, 2016 One calculation suggests oil prices could fall to zero by mid-2019. Two St. Louis Fed analysts looked at how low oil prices could fall given tumbling inflation expectations, and found it's largely out of whack with market expectations for the black stuff to recover to $50 per barrel in around three years' time. "According to our calculations, oil prices would [...]
The 10 locations where homes earn more than you because house price growth is higher than wages February 25, 2016 Time to give up the day job? If you live in some of these locations, that might just be a possibility because your home is earning more than you. Three Rivers, Harrow and Greenwich are the three locations where rising property prices outstripped average earnings more than anywhere else. The spots in Hertfordshire and north west London earned almost [...]
UK immigration: Numbers of Romania and Bulgaria coming to the UK soar – but 87 per cent come for “work-related reasons” February 25, 2016 The UK's net migration risen 31,000 between 2014 and 2015, official figures show – but it's more down to fewer people leaving the country than a jump in the number of people coming here. Between September 2014 and 2015, the number of long-term immigrants rose 2,000 to 617,000 – which the ONS said was "not [...]