Barclays investment bankers face ‘double-digit’ cut to bonus pool January 24, 2020 Barclays investment bankers are reportedly facing a double-digit fall in their bonus pool for 2019, as chief executive Jes Stanley pushes for the lender to meet profitability targets amid growing pressure from an activist investor. Barclays Investment Bank reported a strong third-quarter performance with a 41 per cent jump in net profit. But the division’s [...]
Ikebana: We tried out the Japanese art of ‘mindful’ flower arranging January 24, 2020 As Londoners wholeheartedly embrace houseplants, you might be trying to keep alive forests of greenery. But what about flowers? In our mindful age, flower arranging has finally come out of the shadows of the WI. It allows us to slow down and consider the fragrance, touch, colour and form of each stem as we design [...]
Property of the Week: A Wapping warehouse where WWI soldiers’ toothpaste was made January 24, 2020 Located halfway between Bank and Canary Wharf, Wapping’s waterside is a favourite location for the swanky riverside apartments of young financial services types. But dial back the clock a hundred years and it was a far grittier affair, the landscape dominated by bustling docks and factory chimneys. This penthouse that has just come on the [...]
Opinion: ‘Boris bounce’ made you want to sell your home? Do these three things first January 24, 2020 I view on average 500 properties per year, and have purchased homes for more than 300 clients. During the past 13 years I have seen some sellers get it right, and others pitch their homes horribly wrong. Sellers are feeling re-energised post-election, and with greater certainty around Brexit, we’ve seen a flurry of properties come [...]
Met Police to begin using facial recognition cameras in London January 24, 2020 The Metropolitan Police has announced that it will use live facial recognition cameras operationally in London for the first time. Use of the cameras will be intelligence-led, the Met said, with a bespoke watch list of suspects — predominantly those wanted for serious and violent offences — drawn up for each deployment. The cameras are [...]
Rolls-Royce says mini nuclear reactors could be rolled out by 2029 January 24, 2020 Manufacturer Rolls-Royce today said that the UK could be using power generated by mini nuclear reactors by 2029. The engineering firm is currently working with a consortium of firms including Atkins, BAM Nuttall, and Wood to develop a compact power station that is manufactured in sections and then assembled on site. Speaking to the BBC, [...]
Banks ‘use fraud warnings to avoid reimbursing victims’ January 24, 2020 Banks are not reimbursing customers who have been scammed because they have been “careless”, despite some signing a voluntary code intended to protect fraud victims, it is alleged. The voluntary industry code introduced in May 2019 was designed to help customers recover life-changing sums lost to fraudsters. However, some of Britain’s biggest banks are refusing to [...]
Javid dismisses Ryanair complaint over Flybe rescue package January 24, 2020 Chancellor Sajid Javid has insisted that embattled airline Flybe has not received state aid to ensure its survival. In a letter to Ryanair chief executive Michael O’Leary, Javid said that the decision to defer Air Passenger Duty (APD) for Flybe was a “standard ‘Time to Pay’ arrangement…because of their short-term difficulties”. The chancellor’s letter, which [...]
British Steel: Unions endorse Jingye takeover but 500 jobs could be at risk January 24, 2020 Unions have backed Chinese firm Jingye’s rescue deal to save British Steel after extensive discussions but up to 500 jobs could be cut under new ownership. The Steel Committee met with Jingye representatives to discuss their business plan and in particular their proposals relating to employment, including pay and terms and conditions. Any new owner [...]
Tesco ditches plastic wrap on multipack tins January 24, 2020 Tesco is set to remove all plastic wrapping from its multipack tins in a bid to cut down on waste, a step it says will remove 350 tonnes of plastic per year from the environment. The supermarket giant has teamed up with brands including Heinz and Green giant to replace single-use plastic wrap on multipacks [...]