Poverty in the UK: Quarter of people at risk, which is higher than the European average October 27, 2015 More than 120m people in the European Union (EU) were at risk of poverty last year – that's 24.5 per cent of the whole population, and the risk to UK citizens is even higher than the average. Figures released by Eurostat on Tuesday – the statistical office for the European Union – showed that although the average [...]
Finchley Road still closed after huge fire, in which pregnant woman one of 25 rescued by London Fire Brigade October 27, 2015 Finchley Road was still closed in both directions this morning after a huge fire broke out in a shop with flats above it yesterday. Firefighters rescued 25 people from the fire in the Hampstead, NW3 area, as the fire engulfed the shop and filled the flats with smoke. Two of these people – including a [...]
Best of the Brokers for 27 October 2015 October 27, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com WM MORRISON SUPERMARKETS Shore Capital head of research and supermarket expert Clive Black has welcomed WM Morrison Supermarket’s announcement that it is partnering with UK Motor Fuel Group for forecourt convenience stores at five petrol stations. Black said the move demonstrated “better thinking” than Morrisons’ previous [...]
TalkTalk and WPP pull index off Friday’s high – London Report October 27, 2015 A fall in advertising group WPP, while TalkTalk’s losses worsened in the wake of a cyber attack, weighed yesterday on the FTSE 100 as it slipped off two-month highs. The blue-chip index ended 0.4 per cent lower at 6,417.02 points, having risen 1.1 per cent on Friday to its highest level in two months. Commodity [...]
Beat burnout: Three ways to avoid losing energy at work October 27, 2015 A recognised medical diagnosis in several countries, burnout became a real concern for workers in the 1970s. A product of the increasing size of the services sector in the US and UK, professionals began to lose their energy and sense of value at work. But “burnout” is a broad term, and the reasons for [...]
Older homeowners tapping into their properties for cash hits 11-year high October 27, 2015 Equity release lending recorded its biggest jump in the third quarter in 11 years as more homeowners tapped into the value of their property to boost their finances. Equity release schemes are targeted at older homeowners, allowing them to take cash from the equity built up in their property without the need to sell up. [...]
City of London Distillery launch party: Are Gin Lane days returning to the City? October 27, 2015 As the nights get longer and the evenings colder, it seems that London’s institutions and offices are throwing austerity out of the window in a bid to warm the cockles with artisan food and beverages. The City of London Distillery held a very boozy launch party last night, celebrating its latest product – Christopher Wren gin. The distillery, [...]
New flexible ISA rules will encourage savers – Yorkshire Building Society October 27, 2015 Almost one in five (19 per cent) people without an ISA intend to open one when the new ISA freedom rules come into effect, a Yorkshire Building Society survey has found. The new rules, which were announced in the March 2015 Budget and come into effect on 6 April 2016, will allow people to withdraw and [...]
MPs reject a tampon tax bill calling for a reduction in the rate of VAT on women’s sanitary products October 26, 2015 Eurosceptic Tory MPs joined forces with Labour and the SNP in a surprising alliance last night to try to force the government to cut taxes on women’s sanitary products. The coalition failed with MPs rejecting The Finance Bill amendment, which would have forced a negotiation with the EU to reduce VAT rate, by 305 to 287 votes. HM Revenue and Customs [...]
Financing fears are putting off Britain’s would-be entrepreneurs October 26, 2015 Forget a nation of shopkeepers, we’d like to be a nation of entrepreneurs – almost 40 per cent of Brits want to start their own business. But a lack of stable income and fears over financing are forcing Brits to bin their business plans, according to a survey from Intouch Accounting. More than half of [...]