Green Party left red faced after accusing oil firm of buying from ISIS November 17, 2015 The Green Party has been forced into a humiliating climbdown after its foreign affairs spokesperson wrongly claimed that a company backed by City financier Nat Rothschild has been funding terrorists. Tony Clarke, the Green Party's foreign affairs spokesperson and a former Labour MP for Northampton South, had accused Genel Energy, a London-listed oil producer, of buying [...]
City Moves for 18 November 2015 | Who’s switching jobs November 17, 2015 CAPITAL GROUP The investment management company has appointed Chris Miles as director, financial intermediaries. He joins from Fidelity Worldwide Investment, where he was associate director, wealth manager sales, responsible for the sales and relationship management of discretionary accounts. PwC The professional services firm has appointed Leo Ring and Hannah Carter to its pensions and investment [...]
Indices hit after German bomb scare – New York Report November 17, 2015 AFALSE alarm which caused the cancellation of the Germany-Netherlands football match last night put the brakes on what was an otherwise good day on Wall Street. The Dow Jones industrial average ended up 0.04 per cent at 17,489.5 and the S&P 500 lost 0.13 per cent to 2,050.44. The Nasdaq Composite added 0.03 per cent [...]
“Concrete” bomb threat cancels football match in Hanover between Germany and Netherlands November 17, 2015 A friendly football match between Germany and the Netherlands was called off because of “concrete plans” to cause an explosion in the stadium, German police said. The stadium in Hanover was evacuated, and the match cancelled, after reports that a “suspicious object” had been found at the stadium. Police later said that no object was [...]
Chancellor George Osborne says government will spend another £1.9bn on cyber security November 17, 2015 Chancellor George Osborne has announced that the government will almost double its investment in cyber security initiatives over the next five years, spending an additional £1.9bn. Speaking to intelligence officials at GCHQ this morning, Osborne said that while British authorities are already monitoring cyber threats against 450 companies across the aerospace, defence, energy, water, finance, [...]
This new graphene discovery could transform computers’ speeds November 17, 2015 British scientists from the University of Exeter have managed to mix graphene and light, paving the way for a new generation of technological devices. Using nothing but pulses of laser light, they managed to trap light within the surface of the supermaterial and move it around in all different directions. It's the first time anything [...]
Former Aviva Investors analyst Mothahir Miah banned and fined £139,000 by FCA for cherry picking hedge fund trades November 17, 2015 The Financial Conduct Authority (FCA) has hit a former investment analyst at Aviva Investors with a £139,000 fine and banned him from taking part in any regulated activity in the financial services industry. Mothahir Miah deliberately delayed booking and placing the trades of hedge-funds by several hours, in order to allocate those which had benefitted from [...]
Passenger tried to enter cockpit on British Airways flight 213 from London to Boston November 17, 2015 An “unruly” woman attempting to enter the cockpit on a British Airways flight bound for Boston had to be restrained and met by state troopers upon landing, according to US police. Flight 213 left London Heathrow at 11.57am UK time, and landed at 1.30pm local time (6.30pm GMT) at Boston’s Logan airport, where Massachussett State [...]
Autumn Statement 2015: Chancellor George Osborne hires Rothschild to look into selling off Land Registry November 17, 2015 Chancellor George Osborne is once again considering privatising the Land Registry, hiring bankers to look at selling off the state-owned agency. The government has reportedly asked Rothschild, the investment bank, to consider options for selling Land Registry, which is part of the department for business, innovation and skills and maintains records of all property transactions [...]
Payroll mishaps cost FTSE 100 companies up to £30m a year November 17, 2015 Payroll slip-ups are costing the average FTSE 100 company between £10m and £30m a year. According to a PwC study of 193 global organisations, which was released today, the increasingly international nature of today’s workforces in particular is creating issues for payroll, as individuals’ statuses need to be tracked across a variety of different tax regimes. [...]