Insider trading trial to get underway after six year delay January 12, 2016 The jury in a six-year legal case over insider trading will be sworn in today, after years of delays. The case concerns five former finance professionals accused of conspiring to trade securities with inside information between 2006 and 2010. It has become one of the UK’s most complex cases and has faced delays since the [...]
Gender equality is still a generation, or 17 years, away, as women under 35 are most pessimistic about the time needed for change January 12, 2016 Global leaders think that gender equality in the workplace is at least a generation, or an average of 17 years, away. According to a report out today by Right Management, which is part of the ManpowerGroup, millennial women are the most pessimistic about the rate of change, believing that it will take 22 years for [...]
Where do Londoners spend the largest share of their income on rent? New analysis from Labour mayoral candidate Sadiq Khan shows average rent now costs 62 per cent of average Londoner’s income January 12, 2016 The average London rent now eats up nearly two-thirds of an average Londoner's income, according to new research published today by Labour mayoral candidate Sadiq Khan. Khan's campaign team crunched numbers from the House of Commons Library to find that the average London rent now consumes 62 per cent of the average Londoner's pre-tax income, compared to [...]
UK retail sales: Christmas brings little cheer to retailers January 12, 2016 Christmas brought little cheer to UK retailers in December as hopes of a boost to sales from higher consumer confidence fell flat. The British Retail Consortium (BRC) and KPMG’s latest monthly index shows like-for-like retail sales rose by 0.1 per cent from December 2014, when they had decreased 0.4 per cent. Total sales were up one [...]
Don’t panic yet on stock market swings, say economists January 11, 2016 The sharp falls in global stock markets since the beginning of the year are unlikely to usher in a new period of economic turmoil, economists have said. London’s FTSE 100 has lost 3.6 per cent this year while the Vix, known as an investors’ fear index, hit 27 at the end of last week, the highest since [...]
Telegraph workplace monitors: Newspaper to remove controversial devices after one day of use January 11, 2016 The Telegraph has decided to remove under-desk sensors installed to monitor staff activity, after just one day of use, City A.M. has learned. In a message seen by City A.M., the newspaper's management said the devices were being withdrawn due to feedback from staff. The internal message said: "In the light of feedback we have received from staff [...]
Francois Hollande’s economic adviser Laurence Boon joins Axa January 11, 2016 One of French President Francois Hollande's economic advisers has been snapped up by French insurance giant Axa. Laurence Boone, who was critical of Hollande's socialist government before being appointed, controversially joined Hollande's team of advisers in June 2014. She left a post at Bank of America Merrill Lynch Global Research to do so. “I am absolutely delighted that Laurence [...]
Tube strikes 2016: When are they, how long are they for, who is striking and why? Everything you need to know January 11, 2016 When are the strikes and how long will they last? London will be brought to a halt once again by 24-hour strikes on the Tube, and they're coming pretty soon. The dates to stick in your diary are at the end of January and middle of February. 1. Tuesday 26 January – Wednesday 27 January. 2. Monday [...]
EU referendum: Prime Minister David Cameron warns ministers not to “undermine” government’s negotiations with Brussels as he spells out rules for free vote January 11, 2016 Prime Minister David Cameron has warned ministers not to "undermine" his efforts to reform the European Union. In a letter to ministers released this afternoon by Downing Street, Cameron repeated his commitment to allow ministers to have a "free vote", and campaign with their conscience in the run-up to the EU referendum. But Cameron was clear [...]