Regulator Ofgem won’t extend ban on energy supplier Solarplicity May 23, 2019 Ofgem today said Solarplicity had “significantly improved” since being hit by a customer ban in February, but warned it could be hit with more enforcement action if it fails to take further steps. A ban on the energy supplier taking on new customers ran out yesterday, but Solarplicity has now agreed to a self-imposed ban until [...]
Lloyds Bank boss summoned by MPs to explain pension pay perks despite easing shareholders’ concerns May 23, 2019 Lloyds Bank boss Antonio Horta-Osorio has been summoned by MPs to explain the pension contributions paid to the bank’s executives. The bank avoided a shareholder revolt over pension pay last week despite MPs accusing bosses of “boundless greed” on the eve of its annual meeting. Read more: Lloyds Bank avoids pension pay revolt but faces [...]
HM Treasury launches probe into FCA regulation of collapsed firm London Capital & Finance May 23, 2019 HM Treasury has launched an investigation into the collapse of investment firm London Capital & Finance, which will probe the actions of the Financial Conduct Authority. The independent review, which will be lead by Dame Elizabeth Gloster and is expected to take 12 months, will investigate the circumstances surrounding the failure of LCF, which went into [...]
Police give all-clear after Whitehall lockdown to investigate ‘suspect item’ May 23, 2019 Police closed off Whitehall earlier this afternoon to investigate a “suspect item”. Road closures were in place around the centre of government after the Metropolitan Police got to the scene at 12.01pm. Read more: May U-turns on publishing Brexit Bill “Specialist officers are now in attendance”, the Met said shortly after midday, confirming that the [...]
Investment platform AJ Bell dismisses Brexit concerns in maiden results May 23, 2019 Investment platform AJ Bell dismissed Brexit concerns as it posted soaring revenue and profits in its maiden results as a public company. Chief executive Andy Bell, who founded the business in 1995, said he was “bored” of updates that blamed Brexit uncertainty for poor results, as the business reported a 17 per cent year-on-year increase [...]
Theresa May drops plan to publish new Brexit deal as she holds crunch talks with Cabinet ministers May 23, 2019 Theresa May has ducked publishing the derided new version of her Brexit deal as she desperately tries to hold her Cabinet together. The Withdrawal Agreement Bill, which contained a controversial pledge to offer MPs a vote on another referendum, was due to be published on Friday and voted on in the Commons in the first [...]
Deutsche Bank prepared for ‘tough cutbacks’ to investment bank as shares reach fresh all-time lows May 23, 2019 Deutsche Bank chief executive Christian Sewing has told shareholders the German lender was prepared to make “tough cutbacks” at its investment banking division. The bank’s shares plunged to fresh all-time lows ahead of this morning’s annual meeting as shareholder discontent mounted following the collapse of merger talks with Commerzbank. Read more: Deutsche Bank slashes revenue [...]
Long-suffering users of Gospel Oak to Barking line finally see electric trains come into service May 23, 2019 Commuters on the poor-performing Gospel Oak to Barking line will finally be given four new electric trains after enduring months of delays and disruption. Users of the line were told a number of times that the electric trains, built by Bombardier, would come into service only to be disappointed by repeated delays caused by software issues. [...]
Tube chaos: Severe delays hit Tube lines after Underground fire alert hits Jubilee Line commuters May 23, 2019 A fire alert at Bond Street station left commuters' journeys in tatters today as the Jubilee Line was struck with severe delays and left part suspended for most of the morning. Read more: Revealed: These are London's most stressful Tube stations There was no service on the Jubilee Line between Finchley Road and Waterloo this [...]
These are the top 25 best-paying companies in the UK May 23, 2019 A report released today has revealed that the UK's 25 highest paying company's offer staff between £61,000 and £90,000 as a median compensation package. The list by job site Glassdoor is dominated by finance and tech firms, three of which have their headquarters in the UK. John Lamphiere, EMEA managing director at Glassdoor, said: “It [...]