DEBATE: Is the government right to ban single-use plastics like straws in a bid to reduce ocean pollution? May 28, 2019 Is the government right to ban single-use plastics like straws in a bid to reduce ocean pollution? Amelia Womack, deputy leader of the Green Party, says YES. The government’s ban on straws, drinks stirrers and plastic-stalked cotton buds is an important development in the right direction. It should be supported, but on the understanding that it [...]
Narendra Modi’s India can be a valuable partner for Britain in tumultuous times May 28, 2019 Last week, we witnessed two momentous elections, and two nations at a crossroads. In the UK, the country engaged in a strategic game of votes in the European elections, and Theresa May met her inevitable fate as the latest victim of Brexit. In India, Narendra Modi won the largest democratic election to ever take place, [...]
Goals Soccer Centres warns of weaker results amid accountancy blunder May 28, 2019 Five-a-side football venue operator Goals has warned that its 2018 and 2019 performances will likely be significantly weaker than previously expected in the wake of a major accountancy error. The embattled firm, which has been suspending its shares since March, said this morning it is forecasting both its 2018 and 2019 financial results to be "materially below expectations and [...]
Victims of fast-growing fraud could get refunds from today May 28, 2019 A mew code that will allow victims of one of the UK’s fastest growing forms of fraud to receive reimbursement from banks comes into force today. Authorised push payment fraud occurs when a victim authorises a bank transfer into an account they believe is legitimate, but is actually controlled by a fraudster. The number of reported [...]
Sluggish economic growth to continue as demand for lending falls May 28, 2019 The UK economy’s sluggish growth shows no signs of letting up, with all three major lending classes set to grow less than two per cent this year, new figures have revealed. Despite an uptick in real incomes, demand for consumer credit is forecast to grow just 1.6 per cent this year and two per cent [...]
Less than one per cent of cyber crimes lead to prosecution, report states May 28, 2019 Less than one per cent of cyber crimes result in prosecution, new figures have revealed, highlighting the difficulty of tracking down online hackers. There were 65 prosecutions for computer hacking in the UK last year, up 38 per cent on the 47 recorded in 2017, according to City law firm RPC. But the figures still [...]
Esure and Directline founder Sir Peter Wood leads insurance start-up funding round May 28, 2019 Esure and Directline founder Sir Peter Wood has led a £2.5m funding round in insurance start-up Pikl. Wood received £360m when he sold his stake in Esure to private equity firm Bain Capital last year. The serial entrepreneur also founded Directline in the 1980s, allowing customers to buy insurance over the phone, later selling his [...]
London slips behind New York as world’s financial capital, survey says May 28, 2019 London has fallen behind New York as the city that most represents the world's financial centre, according to a report released today. A survey of finance professionals by consultants Duff & Phelps found 52 per cent of respondents chose New York as the world's pre-eminent financial centre, up from 42 per cent a year previously, [...]
City Moves for 28 May – Who’s switching jobs at DNEG, the Building Societies Association and Blackbird? May 28, 2019 Today's City Moves includes DNEG, the Building Societies Association and Blackbird. DNEG Andrew Gordon has been appointed head of character animation at DNEG, the visual effects, animation and stereo conversion company. Andrew joins managing director of feature animation Tom Jacomb, animation director Troy Saliba and VFX supervisor Philippe Denis in leading DNEG’s rapidly-growing feature animation team, [...]
Housing minister Kit Malthouse joins Tory leadership race, becoming 10th MP to put name forward May 27, 2019 Housing minister Kit Malthouse has become the 10th MP to enter the race to replace Theresa May as the country’s prime minister. A Leave campaigner, Malthouse has gained plaudits amongst Tory backbenchers since becoming MP for Hampshire in 2015, in particular for penning the so-called Malthouse Compromise plan to break the parliamentary deadlock on Brexit. [...]