The Prudential Regulation Authority has two new board members David Thorburn and Dr Norval Bryson July 29, 2015 The Bank of England's Prudential Regulation Authority (PRA) is about to get two new board members. The Bank announced the appointment of former Clysdesdale and Yorkshire Banks chief executive David Thorburn, and Dr Norval Bryson who's due to step down as deputy chairman of Scottish Widows and non-executive director of Lloyds TSB, effective from September 2015. [...]
The National Association of Estate Agents: Number of house hunters hits an 11-year high July 29, 2015 The number of people hunting for a new home in Britain hit an 11-year high last month amid a dwindling housing stock and sky-high prices. Figures released today by the The National Association of Estate Agents (NAEA) showed around 439 house hunters were registered to each estate agent branch in the UK last month. This [...]
Pound jumps as UK economy grows 0.7 per cent in the second quarter July 29, 2015 The pound jumped against the dollar as data showed Britain's economic recovery picked up pace in the second quarter of this year. Read more: These charts show just how dependent UK growth is on London The Office for National Statistics (ONS) said the economy grew by 0.7 per cent between April and June, from 0.4 per [...]
ING Netherlands bank uses voice biometrics to allow customers to log in to online banking using just their voice July 29, 2015 Online banking can be a chore, largely thanks to the process of remembering complicated pin codes, secret questions or passwords. Shouldn't there be an easier way? If you live in the Netherlands, there is, after a bank in the country introduced a system which allows customers to log into online banking using just their voice. [...]
Barclays profits beat expectations as executive chairman John McFarlane sets out new strategy July 29, 2015 Barclays' share price climbed more than 2.3 per cent this morning having beaten expectations for second quarter profits, with net income rising to £1.85bn – ahead of the £1.8bn expected – as chairman John McFarlane set out his three point plan to strengthen the bank. The figures Total income rose to £6.55bn in the three months [...]
US Presidential Election 2016: Donald Trump is the leading Republican candidate in the polls July 29, 2015 Another day, another way for Donald Trump to say something that alienates himself. This has characterised much of his short Republican nomination campaign. Just last week, alluding to a prominent Republican's time as a Vietnamese POW, he mocked Senator John McCain – the guy who won the Republican nomination and ran against President Obama in [...]
Brent crude oil prices continue to suffer July 29, 2015 Brent crude oil prices have fallen for the sixth day in a row helping them clock the longest losing streak in a year. Brent crude, the global benchmark, fell 0.45 per cent to $53.06
Prime Minister David Cameron says the UK government will do everything it can to combat migrant crisis in Calais July 29, 2015 After 1,500 migrants tried to reach the UK via the Channel Tunnel, David Cameron has warned he is “very concerned” by the growing Calais crisis. Speaking as the UK confirmed an extra £7m in funding for new fencing at the Channel Tunnel in France, Cameron said he felt sympathy for British holidaymakers and that the [...]
Time to move to Chatham? Best value commuter towns cut thousands off London house prices July 29, 2015 A one hour commute can knock around £450,000 off the average price of a house, according to new research published today by a major UK bank. Towns which are an hour’s commute from central London, which include Crawley, Newbury, Colchester and Chatham have an average property price of £272,000 – a significant contrast to the average [...]
Summer sizzler: Over £11bn of UK-focused takeover deals on horizon as market heats up July 28, 2015 The deals market sprang back into action yesterday, with four major takeovers unveiled after a relatively quiet month on the transactions front. Over £11bn worth of UK-focused takeovers are now on the cards, after Melrose agreed to sell portfolio company Elster for £3.3bn and pharma group Hikma bought a US drugs business for £1.7bn. GKN [...]