Celebrating 10 years of City A.M. with drinks at the Guildhall September 11, 2015 To the Guildhall in the heart of the City, and its magnificent Old Library, where some of the biggest names in finance, business, politics and media celebrated the 10th anniversary of City A.M. The Lord Mayor, Alan Yarrow, welcomed over 500 guests and praised the tenacity of the paper’s founders. City A.M. founders Jens Torpe [...]
9/11 anniversary: We remember – our obligation to battle terrorism financing September 11, 2015 For those who lost family and friends on 9/11 the pain may be as fresh today as it was 14 years ago. We remember. While politicians on both sides of the Atlantic embraced the “war on terror,” we are all still coming to terms with the human pain and horror of 9/11, London’s 7/7, [...]
Clocks go back: Scientists warn that Daylight Savings affects “vigilance and cognitive function” among students September 11, 2015 The clocks may be soon going back (well, on 25 October, but we're looking forward to that extra hour in bed already) but sleep scientists are now claiming that daylight savings actually leads to a decline in "vigilance and cognitive function" among students. On average, high school teens spent 32 minutes less asleep on the [...]
Londoners spend an entire working week commuting – every year September 11, 2015 Think your commute to work is miserably long? It’s when you add it all up that it really gets depressing, as new figures show that Londoners spend an entire working week commuting – every year. The capital’s workers spend 107 hours every year travelling, making it by far the worst commute in the country, according [...]
Travelling to and from appointments is work, European Court of Justice rules September 11, 2015 Time spent travelling to and from appointments at the start and end of the day should be included in working hours, the European Court of Justice has ruled. The decision, published today, relates to workers without a fixed office and will affect firms that employ gas fitters, sales reps and care workers, for example. [...]
Challenger bank boss Cyrus Ardalan says surcharge does not fulfil objectives as government urged to reconsider policy September 11, 2015 Challenger banks are to meet Treasury officials later today in order to pile pressure on the chancellor to reverse the bank surcharge he is imposing. George Osborne has opted for a bank surcharge of eight per cent on profits over £25m, which challenger banks and building societies say will harm their operations. Chairman of Oaknorth [...]
Next share price: Sales rise but clothing retailer warns of national living wage costs September 11, 2015 Next warned yesterday the government’s so-called national living wage – a pay rise for over-25’s currently on the minimum wage – will cost the firm £27m each year as it revealed its half-year results. The clothing chain said next year’s hike will cost the business just £2m but thereafter the increases will be much [...]
Morrisons share price forecast: Supermarket warns of long recovery as profit slumps September 11, 2015 Morrisons chief executive David Potts warned yesterday that it will take “years not months” to turn the ailing chain around as first-half profit plunged by a third to its lowest level in nine years. Unveiling his plan for the business, the former Tesco director who took over in March said his main focus was on [...]
Greece registers 30th straight month of deflation conditions September 11, 2015 The Greek economy remained in deflation conditions in August, with the consumer price index falling by 1.5 per cent after a 2.2 per cent decline in July and a 0.3 per cent drop in August 2014, Hellenic Statistical Authority said yesterday. Greek consumer prices fell by an average of 1.3 per cent in 2014 compared [...]
Market volatility hits Lloyd’s and other insurers September 11, 2015 LLOYD’S of London insurance market posted a 28 per cent drop in half-year profit yesterday and said volatility and low interest rates were driving down returns. Pre-tax profits slid to £1.19bn, and combined ratios which were up to 89.5 per cent from 87.5 per cent this time last year. The measure is of an insurer’s [...]