London’s Science Museum evacuated over fire alarm February 10, 2016 London's Science Museum was forced to evacuate hundreds of tourists this morning over a possible fire. The London Fire Brigade was called to the scene at around 11:20am, after a fire alarm went off. Three fire crews were sent to the popular South Kensington premises to investigate. We have evacuated the Museum as a precaution and [...]
The future of the SFO is in David Green’s hands – he must encourage firms to self-report if it’s to survive February 10, 2016 The reappointment of David Green as director of the SFO has been a long time coming, and the ending of the uncertainty around the SFO’s leadership is going to be welcomed both inside and outside the organisation. The SFO has certainly restored its reputation as a proper prosecutor after four years under Green’s leadership. But perhaps it is [...]
Flexible working at the point of recruitment unlikely to become a legislated requirement, says Nick Boles, and the best employers offer it anyway February 10, 2016 The right to request flexible working at recruitment stage is unlikely to be something that is formally legislated for, the Women and Equalities Select Committee was told this morning. When asked if his department would consider introducing the right at the point of recruitment, as this is a stage when many women face issues, Nick Boles, [...]
London fintech startup World Remit raises $45m from Triple Ventures Growth BDC and Silicon Valley Bank February 10, 2016 Star London fintech startup World Remit has landed another multi-million pound round of funding from investors. Triple Ventures Growth BDC and Silicon Valley Bank have invested $45m (£31m) in the form of debt financing to fuel expansion plans. Read more: Index has a new $550m VC fund and its eye on London startups The remittances startup lets [...]
EU referendum: UBS says markets should get ready for a June referendum February 10, 2016 UBS is warning markets to get ready for a June referendum on Britain's membership in the European Union, telling clients in a note today that while an In/Out vote in the autumn cannot be ruled out, it is much more likely the referendum will be held in a matter of months. Economist David Tinsley and [...]
US Presidential Election 2016: Bookies slash odds on Donald Trump to become next President after winning New Hampshire primary February 10, 2016 Outspoken Republican Presidential candidate Donald Trump is now more likely to enter the White House after winning the New Hampshire Primary, according to bookmakers. Previously at 6/1 to become the next US President, a Trump victory is now being offered at 7/2 by Betway after it emerged he was likely to get more than twice the [...]
Why Barking and Dagenham’s tunnel vision could boost property and jobs in east London February 10, 2016 Barking and Dagenham is London’s growth opportunity. We have enough land in this east London borough to deliver more than 35,000 new homes and 10,000 new jobs over the next 15-20 years, yet we are hampered by a poor transport infrastructure which is not only frustrating us but crippling London as a whole. One of our key issues, getting [...]
January winter storms caused $4bn in economic damage worldwide, although Storm Gertrude inflicted comparatively few problems February 10, 2016 Winter weather caused $4bn (£2.8bn) in economic damages across the world this January. According to a report which released yesterday by Aon, the winter snow storms that battered the east coast of the United States in the latter half of January, killing 58 people and causing states of emergency to be declared in 11 states, [...]
Three Lions and a Dog: Otherwise known as three great British companies you can’t buy and one (GSK) you don’t want to February 10, 2016 As England gears up for Euro 2016, four British companies stand out in the investment field: three lions and a dog. Unlike the lions on the football team’s shirts, these firms are global sector leaders with excellent and defendable competitive positions, good growth prospects and a high intrinsic value. Sadly, they cannot be bought on the stock market. [...]
Dumping bank stocks is “not justified”, says Credit Suisse boss Tidjane Thiam February 10, 2016 Credit Suisse chief executive Tidjane Thiam reassure investors that banking stocks are safe, claiming the current sell-off is "not justified" in the current climate. Global bank share prices have tumbled in recent weeks, with the likes of Deutsche Bank, Unicredit and Credit Suisse all suffering hugely. UK-listed banks such as Standard Chartered have also sustained a hit [...]