Challenger bank Tandem pranked people in a north London pub by swapping the bar staff for bankers April 4, 2016 Challenger banks love to poke fun at the status quo. None more so than Tandem, the UK's newest digital bank, which is set to open later this year. The new lender on the block, spearheaded by Capital One co-founder Ricky Knox, made its presence known last week by pulling a prank in a north London pub to poke [...]
Police have warned people not to use these Santander cash machines April 4, 2016 The public has been warned not to use Santander cash machines in Lancashire after ATMs were targeted by criminals, according to police. Security at Santander ATMs in Lancs has been compromised. Advice is not to use them. If you have lost money please contact the bank and 101. — Lancashire Police (@LancsPolice) April 3, 2016 Lancashire [...]
EU referendum: HMRC is going to reveal EU migrant numbers before the vote April 4, 2016 The number of EU migrants working in the UK is to be announced before the referendum takes place, which is likely to show the level of immigration has been underestimated by current statistics. HMRC is to reveal data on how many national insurance numbers are in use by people from the European Economic Area. A [...]
JRP Group starts trading on London Stock Exchange following completion of Just Retirement Group and Partnership Assurance merger April 4, 2016 It's always nice to start the morning with a tale of a happy ending, isn't it? JRP Group, the result of the merger between Just Retirement Group and Partnership Assurance, started trading on the London Stock Exchange this morning. The newly-formed company, which has assets under management of more than £15bn, began its first day of trading [...]
Double-digit unemployment leaves Eurozone residents twice as likely to be out of work compared to those living in Britain April 4, 2016 The unemployment rate across the Eurozone edged down to 10.3 per cent in February 2016, its lowest rate since August 2011, according to official figures out this morning, though economists warned the pace of job creation could be slowing down. The share of people out of work in the single currency bloc has fallen to [...]
Sir Richard Branson bids an emotional farewell to Virgin America after Alaska Air Group merger confirmed April 4, 2016 Alaska Air Group is to buy Virgin America for $57 per share, it has been announced. The announcement comes after it was speculated that Alaska Airlines was understood to be making for Virgin America. An offer of $55 per share had been expected. The deal values Virgin America at $2.6bn. Including existing Virgin America indebtedness [...]
Flood Re: What you need to know about the reinsurance scheme that launched today April 4, 2016 It's something of a catch 22 – those who are most in need of a good home insurance policy are often those least able to afford it, thanks to insurers needing to raise premiums to adequately reflect the risk they expose themselves to, or simply refusing to cover some areas at all. That's precisely why government-backed [...]
UK construction industry growing at slowest rate for three years, according to purchasing managers’ index April 4, 2016 The construction industry is expanding at its slowest pace since 2013, according to the closely-watched Markit/CIPS purchasing managers' index (PMI) out this morning. The survey, which measures business activity across the construction sector, came in at 54.2 for March – on an index where a score above 50 indicates expansion – though Markit said this was sluggish compared to the last few years. "The [...]
HM Revenue & Customs heaves deep sigh, promises it’s looking into the Panama Papers April 4, 2016 HM Revenue and Customs (HMRC) has said it will "closely examine" data it receives from the so-called Panama Papers leak, and vowed to act on it "swiftly and appropriately". In a statement following a massive leak last night of papers from Panama-based law firm Mossack Fonseca, which purport to reveal how some of the world's [...]