Ceiling of City jewellers collapses on customer December 22, 2015 A man has been hospitalised after the ceiling of a City jewellers collapsed during lunch hour. Emergency services including London Ambulance, City of London Police and the London Fire Brigade were called to the incident, which happened at Wintons jewellers, 69 Moorgate, at around 1:30pm this afternoon. A police spokeswoman told City A.M. the man had sustained [...]
Regent Street reopened after security threat caused by suspicious vehicle December 22, 2015 Regent Street was reopened this afternoon after police declared the major shopping district safe following an earlier evacuation. Around 200 metres of the road within London's major shopping district was cordoned off during lunch time today. A police bomb disposal unit investigated what was thought to be a suspicious vehicle, but the road was opened shortly afterwards. Eyewitnesses said there [...]
EU referendum: The City must speak out to avoid a Brexit December 22, 2015 The City of London is a global financial powerhouse and the largest financial centre in Europe. It should be a significant player in the EU debate. However, while the industry is in general supportive of the UK remaining a member of the EU, direct expressions of support have been thin on the ground. City executives [...]
US GDP growth revised down to two per cent December 22, 2015 The US economy grew at slightly slower rate than previously estimated between July and September, according to figures released today. The economy expanded at an annual pace of two per cent, according to the Bureau of Economic Analysis' (BEA) third estimate of GDP, down from 2.1 per cent in the second estimate. The BEA said the [...]
US crude and Brent crude oil prices tick up after sliding to multi-year lows December 22, 2015 Oil prices edged off multi-year lows this afternoon as investors closed bets prices would fall ahead of the holidays. The US benchmark West Texas Intermediate gained 0.36 per cent at $35.93 per barrel this afternoon, while the global benchmark Brent crude slipped 0.1 per cent at $36.25 per barrel. "The sentiment has been very negative and ahead of the holidays [...]
Standing desks: Did these researchers just kill them off? Sitting down doesn’t increase your risk of dying, scientists find December 22, 2015 Scientists have been telling us for years that spending the day sitting down at work is bad for our health, even shaving years off our life. Now, sit back and relax – they might have been proved wrong. Another set of researchers who set out to challenge the claims, which have spawned an entire industry of [...]
EY’s Japanese business suspended and fined 2.1bn yen over Toshiba reporting December 22, 2015 EY's Japanese arm has been handed a 2.1bn yen (£11.7m) over failings related to Toshiba, it was revealed today. In a statement, Japan's Financial Services Agency (FSA) said it was suspending Ernst & Young ShinNihon from accepting new engagements from 1 January until 1 March 2016, and handed it a 2.1bn yen fine. "Partners of the firm [...]
Tesco, Sainsbury’s, Asda, Morrisons and even Lidl supermarkets slash Christmas 2015 advertising spend December 22, 2015 Britain's beleaguered supermarkets have slashed the amount of cash they are spending on advertising over Christmas this year, with Tesco and Sainsbury's cutting budgets by as much as 30 per cent. Troubled Tesco made the biggest cuts to its festive advertising, spending almost £3m less in a four week run up to the big day compared to last [...]
How much tax do you have to pay on a partridge in a pear tree this Christmas? December 22, 2015 It's the question you all wanted to know the answer to. If you were going to give your true love a partridge in a pear tree, and the rest, what are the tax liabilities? How much would the taxman make, and are the gold rings deductible? Well, with the help of the Institute of Chartered [...]
Winter Solstice 2015: What you need to know about the shortest day of the year December 22, 2015 Today is officially the shortest day of the year, meaning we will see less sunlight than on any other day in 2015. By the time the sun goes down this afternoon, we will have experienced a total of seven hours, 49 minutes and 41 seconds of sunlight in the UK. So, what is the winter [...]