BlackRock reportedly planning to cut 400 jobs within weeks March 30, 2016 BlackRock is planning to cut 400 jobs within weeks in the firm's biggest layoff to date, a source close to the company has confirmed. The reductions at the money managing firm would be equal to around three per cent of the firm's total workforce of 13,000 employees. The cuts will be spread evenly across regions and [...]
iPhone SE review: Does Apple’s miniaturised phone live up to the hype or does size really matter? Here’s our day one verdict March 30, 2016 I feel like a giant. I feel like a god. My fingers feel as long and slender as a concert pianist’s. My thumbs reach right to the top corner of my phone screen for the first time in years. I feel alive. Apple today releases the iPhone SE, which looks almost identical to 2013’s diminutive iPhone [...]
Slowing US oil stocks fail to prop up prices March 30, 2016 Oil prices failed to hold on to gains yesterday after rising on the latest data from the International Energy Agency (IEA), showing US crude inventories rose less than expected over the last week. Brent prices initially jumped to $40.54 a barrel in early afternoon trading but by the evening had dropped to $39.27. US benchmark [...]
This app lets you book hotel rooms by the hour…but the staff promise it’s all innocent March 30, 2016 From City grandees in speedos to the side-effects of Burger King’s spicy burger, The Capitalist is all about striking mental images today. With that in mind, City A.M. has the pleasure of being invited to a "revealing insight" into Dayuse.com – a website that lets you book hotels throughout the day, by the hour…but staff promise [...]
Vodafone gets its wires crossed with customers as it becomes the most complained about March 30, 2016 Vodafone has become the UK's most complained about mobile phone provider following a surge of complaints in the final months of 2015. The UK telecoms watchdog Ofcom has said it recorded 32 complaints for every 100,000 of Vodafone's pay-monthly subscribers in the last quarter of 2015. This was a major surge, more than double the amount of [...]
Bitcoin undervalued by $200 according to new report from Needham & Company March 30, 2016 The leading cryptocurrency bitcoin has been undervalued by around $200, according to a new report by investment bank and asset managing firm Needham & Company. The digital currency should have a price of $655, rather than the current level of around $412 that the currency is trading at, Needham & Company argued. The firm argued bitcoin "has a value [...]
Apple’s iPhone SE is the world’s best little phone March 30, 2016 Apple today releases the iPhone SE, which looks almost identical to 2013’s diminutive iPhone 5, with its 4” screen (how tiny!) and chamfered edges. Only little details like the gleaming Apple logo, matt edges and duel flash allow you to tell them apart by sight alone. It’s a sign that the Cult of Big may [...]
Panmure Gordon Brexiter David Buik will be cutting back on his Spanish holidays if the UK votes to leave the EU March 30, 2016 Talking heads at Panmure Gordon went head-to-head in the Times on Wednesday to talk about their views on Brexit. Things are cordial between chief economist Simon French (In) and market commentator David Buik (Out), but poor Buik plans to make sacrifices in the name of British independence. The Capitalist caught up with French last week at [...]
William Hill ads banned by Advertising Standards Authority for being “misleading” and “unclear” March 30, 2016 The Advertising Standards Agency (ASA) has banned William Hill from repeating two "misleading" and "unclear" promotions it ran in December. The promotions were marketed as "risk free" and stated in their terms and conditions that customers would receive money back if they placed bets of £5 or £10 on "£5 Risk Free with Family Guy… Play [...]
European Court of Human Rights rules that UK prosecutors correct not to charge officers in Jean Charles de Menezes police shooting case March 30, 2016 The European Court of Human Rights (ECHR) has today decided, by 13 votes to four, that UK prosecutors were correct not to charge individual police officers over the fatal shooting of Jean Charles de Menezes. De Menezes, a Brazilian national, was fatally shot in July 2005 at Stockwell tube station when police mistook him for a suicide bomber. The [...]