The Lloyd’s of London drinking ban isn’t the answer to alcohol-fuelled work culture May 3, 2019 Lloyd's of London has banned alcohol during work hours, and anyone found to be under the influence is now barred from the premises. Read more: Kirkland & Ellis could get stuck with 'frat' label after boozy grad event It’s an extreme measure – but one that Lloyd’s clearly feels is necessary to curb excessive drinking [...]
Interactive Investor approaches Share for takeover talks May 3, 2019 Investment platform Interactive Investor has approached broking firm Share to discuss a potential takeover offer. Shares’ stock price soared as much as 22 per cent to 37.7p this morning following the announcement, reaching its highest value in almost four years. Read more: Interactive Investor set to pay £40m for Alliance Trust Savings Interactive Investor has made [...]
London is one of the worst cities for young families, says Moneysupermarket May 3, 2019 London is one of the worst cities in the UK for young families, according to data compiled by Moneysupermarket. Read more: Londoners are torn over the Tulip skyscraper The capital narrowly avoided last place, with Bristol rated the worst UK city for families owing to a decline in good schools and a rise in burglary. [...]
US job growth surges with more than 260,000 added as unemployment rate falls May 3, 2019 The US economy saw another strong month of growth for April with 263,000 jobs added as it continued to bounce back from February's dramatic slowdown. The Labor Department revealed on Friday that there were more than 70,000 additional jobs created last month than analysts had expected, dispelling fears from earlier in the year of a [...]
Softbank mulls float for $100bn Vision Fund as it looks for fresh cash injection May 3, 2019 Japanese investment giant Softbank is reportedly considering an initial public offering (IPO) of its $100bn (£77bn) Vision Fund. The firm is mulling the bumper float as part of series of options as it looks to raise more funds for its investment arm, the Wall Street Journal reported, citing people familiar with the matter. Read more: Softbank [...]
Climate change protesters glue themselves to London City Hall May 3, 2019 Protesters have targeted London City Hall today in an alleged act of dissent against Sadiq Khan’s climate change policies. Read more: Climate change protesters target Bank of England rate-setters Conservative London Assembly member and local councillor Susan Hall tweeted an image of two people this morning, with their hands glued to the doors of the [...]
Former high court judge to review Lloyds’ compensation payouts to HBOS fraud victims May 3, 2019 Lloyds Bank has launched an independent review of its HBOS victims compensation scheme. The bank has appointed former high court judge Ross Cranston to assess the outcome of the recently completed customer review, which has handed out more than £96m in compensation to victims of the HBOS Reading fraud. Read more: Former Hbos chief executive [...]
Stagecoach dropped as Turner Prize sponsor after just one day over LGBT rights concerns May 3, 2019 The Turner Prize has severed ties with Stagecoach South East, just one day after the sponsorship was announced. Read more: Stagecoach: Pension risks 'exceeded £1bn' for blocked rail franchise bids The prestigious arts award rejected its sponsor following criticism of the chairman of Stagecoach's parent company's support for a ban on teaching LGBT issues. Stagecoach and [...]
UN human rights body expresses concern over ‘disproportionate’ Assange sentence May 3, 2019 A UN group has criticised the 50-week prison sentence given to Julian Assange by Southwark Crown Court on Wednesday. Wikileaks founder Assange, who has been living in the Ecuadorian embassy in London since 2012, was found guilty of breaching bail conditions handed down in 2010 when he left house arrest to request asylum from the South [...]
Evening Standard set to cut jobs as it merges print and online business May 3, 2019 The Evening Standard is to announce a string of job cuts as it looks to merge its print and online businesses. Read more: Mirror publisher Reach revenues slip amid pressure on print In an email to staff, editor George Osborne said the paper is making the cuts in a bid to counteract rising costs. “We [...]