Financial watchdog tells banks to sort out current accounts as complaints soar October 1, 2015 The financial watchdog has called on banks to take action as the number of people complaining about their current accounts to banks soared 31.2 per cent over the past six months. The Financial Conduct Authority (FCA) released figures showing there has also been an 11.1 per cent increase in the number of customers complaining about [...]
City Moves for 02 October 2015 | Who’s switching jobs October 1, 2015 BAKER & MCKENZIE The law firm has appointed Dyann Heward-Mills as a partner to its data protection and privacy practice in London. The qualified barrister joins from GE Capital, where she was global senior privacy counsel. Prior to joining GE Capital, Heward-Mills spent five years at Linklaters as their senior privacy and communications lawyer. She [...]
Why middle age is the unhappiest time of your life (but things get better after 65) October 1, 2015 They say school years are the best of a person's life – but what about the worst? A researcher has suggested people are at their lowest ebb during middle age – although there is a light at the end of the tunnel. Dr Ioana Ramia, a researcher at the University of New South Wales, said [...]
Seesaw day for Wall Street – New York Report October 1, 2015 US STOCKS had a mixed session yesterday, attempting to put a steady start to the fourth quarter, as investors weighed soft manufacturing data and looked ahead to today’s jobs report. The Dow Jones industrial average fell 12.69 points, or 0.08 per cent, to 16,272.01, the S&P 500 gained 3.79 points, or 0.2 per cent, to [...]
The cheek of it: Liberal Democrat blogger Stephen Tall makes good on naked Whitehall fun run promise October 1, 2015 Let's face it, the Liberal Democrats aren’t exactly famous for keeping their word. The party lost favour with voters shortly after the 2010 election when Nick Clegg failed to use his coalition powers to stop the Conservatives lifting the cap on tuition fees to £9,000 per year. But things may be looking up for [...]
Brent crude oil slides after rally despite hurricane upgrade October 1, 2015 It's been a rollercoaster ride of a day for oil investors, who earlier watched prices rise after a report suggested demand is likely to be higher than expected – before prices dipped again, after it was a tropical storm due to make landfall in the US next week will be less intense than expected. Brent [...]
Bank of England hints at raising banks’ emergency buffer October 1, 2015 The Bank of England's Financial Policy Committee (FPC) has hinted at raising the amount banks are required to hold in case of emergency, it emerged today. Minutes of a meeting by the FPC last week show the committee, which includes Mark Carney, Ben Broadbent and Sir Jon Cunliffe, discussed hiking the countercyclical capital buffer (CCB), [...]
Mike Lynch launches $150m lawsuit against Hewlett-Packard in UK High Court October 1, 2015 Another chapter in the never-ending saga that is Hewlett-Packard's fight with former Autonomy boss Mike Lynch, after Lynch announced today he was launching a $150m lawsuit against the US printer manufacturer in Britain's High Court. In a statement today, Lynch accused HP of making "many statements that were highly damaging to me and misleading to [...]
Farming industry braces for potential Mad Cow Disease impact October 1, 2015 The UK's farming industry is bracing itself after a dead cow tested positive for Bovine Spongiform Encephalopathy (BSE), also known as “Mad Cow Disease”, on a farm in Wales. The location of the farm has not yet been identified, but Rebecca Evans, deputy minister of farming and food, said in a statement that the [...]
Ball’s proposed takeover of Rexam faces hurdle from the European Commission October 1, 2015 The European Commission has sent a list of concerns to US can maker Ball over its proposed £4.3bn takeover of FTSE 250-listed firm Rexam. This doesn't mean Ball's takeover of Rexam can't go ahead, but the US company will have to come up with some concessions to appease the antitrust regulator. It's likely the two [...]