Bank of England governor Mark Carney says biggest risks to the UK are outside the UK November 30, 2016 The governor of the Bank of England has today said some of the biggest risks facing the UK's financial ecosystem come from places other than the UK itself. Discussing the Bank's stress test results and Financial Stability report, which were released this morning, Mark Carney pointed to China's dependence on credit expansion to fund its growth [...]
Commuter chaos during morning rush hour as Northern Line disrupted by faulty train and Piccadilly Line woes continue November 30, 2016 Commuters using the Northern Line this morning are facing severe delays due to a faulty train. There is no service between Camden Town and Edgware and severe delays between Camden Town and Kennington, with minor delays on the rest of the line. https://twitter.com/northernline/status/803873580408852480 https://twitter.com/northernline/status/803878116003348480 There is also no service from Finchley Central to Mill Hill [...]
Zoopla boss Alex Chesterman: “It’s not acceptable to simply say Brexit means Brexit” November 30, 2016 The founder of Zoopla Property Group and one of the original names behind the legal challenge to Brexit, has said the government's handling of Brexit "highly disappointing" so far and lacks transparency. "I'm in favour of a good Brexit, I think the result in June is not in question," Alex Chesterman said. "A good Brexit could be a very good outcome." But [...]
RBS shares opened lower after it was the worst performer in Bank of England stress tests November 30, 2016 Royal Bank of Scotland (RBS) became one of the biggest fallers on the FTSE 100 this morning, with shares opening 2.3 per cent lower at 192.5p, after it was revealed as the worst performer in the Bank of England's stress tests. Having dipped almost three per cent yesterday, shares in RBS fell further this morning after [...]
This is how UK banks have responded to the Bank of England stress test results November 30, 2016 The results of the Bank of England's latest stress tests on the UK's major lenders are out – and Royal Bank of Scotland has been handed the wooden spoon. RBS failed on all measures, while Barclays and Standard Chartered both missed out on one measure. The other banks being tested were Santander UK, Lloyds Banking Group, [...]
Zoopla snaps up Technicweb and moves into connected home market as it unveils soaring profits November 30, 2016 FTSE 250-listed Zoopla Property Group announced buoyant full-year results today as well as the acquisition of Technicweb and a move into connected homes with a partnership with Neos. The figures Revenue was up 84 per cent to £197.7m, while adjusted Ebitda soared 58 per cent to £77.1m. Profit for the year was up 44 per cent from [...]
The results are out: Here’s how your bank would do if 2008 repeated itself November 30, 2016 Royal Bank of Scotland has failed all of the Bank of England's stress test measures, the worst performer among the UK's major lenders. RBS will now have to draw up a new capital plan, and the Bank's prudential regulation authority (PRA) will monitor its progress. RBS finance chief Ewen Stevenson said: "We are committed to creating a stronger, [...]
Hosting the Christmas party (without the hangover) November 30, 2016 The Christmas party season is upon us again. For many, it is the highlight of the year – an opportunity to celebrate and be rewarded for a year of hard work, and to strengthen relationships with colleagues. But even if you’re not drinking, many employers find the Christmas do an annual headache, with disciplinary issues to [...]
The £5 fuss: Now even the vegans are gunning for Carney November 30, 2016 Mark Carney has had a pretty tumultuous year. His critics have lined up to attack him for politicising his office during the referendum campaign while his supporters credit him with being the only the grownup left standing in the wake of it. He has survived bruising encounters with eurosceptic MPs on the Treasury Select Committee. Jacob [...]
17 years sleeping, a year in the pub, seven months queuing: How a British adult spends their lifetime November 30, 2016 Ever wondered quite how much time you spend binge-watching series after series on Netflix? Well, wonder no longer as Samsung has surveyed 3,000 UK adults to assess just how Brits spend their time in 2016. The average British adult will have spent 17 years and 41 days sleeping, 13 years and three months working, eight years [...]