Lord Karan Bilimoria slams Theresa May’s immigration policy November 7, 2016 The founder of Cobra beers has attacked Theresa May's immigration policy, deeming it to be "economically illiterate". Lord Karan Bilimoria, who is also a cross-bench peer, said the Prime Minister's plans to cut migration future showed "very negative messages" towards migrants. The government insist it is still working towards reducing net migration to 100,000 per year. [...]
UK house price growth eased off in October November 7, 2016 Much has been said about whether the Brexit vote hit demand for homes in the UK. Figures published today suggest that may be the case: prices grew 5.2 per cent in October, down from 5.8 per cent in September. The average house price hit £217,411 in October, according to the Halifax house price index – that's [...]
Top 10 passwords that leave you open to a cyber attack November 7, 2016 Very few people are immune to the struggle that is trying to keep track of the passwords to all the various online accounts that come part and parcel of modern life. With passwords required for everything from email accounts to online banking and shopping, it's understandable that people will opt for something easy to remember [...]
HSBC’s shares rise four per cent despite larger-than-expected profit slump after Brazil disposal November 7, 2016 HSBC's share price rose by more than four per cent this morning, despite a sharper-than-expected slump in profits in the third quarter – although stripping out currency fluctuations, things looked rather better… The figures Pre-tax profit at the British lender fell 86 per cent to $843m in the quarter ended 30 September, down from $6.1bn in [...]
Fever-Tree’s share price jumps more than eight per cent on sparkling rise in full-year expectations November 7, 2016 Shares in mixer maker Fever-Tree have risen more than eight per cent this morning after the group said its full-year results will be "materially ahead of current market expectations". In a brief trading update, the tonic water, lemonade and ginger beer producer said the group has continued to "perform strongly" in the second half of the year. [...]
Oil prices rise one per cent as Opec chief reaffirms commitment to output cut later this month November 7, 2016 Oil prices have rallied more than one per cent today after producers' club Opec said it was committed to hashing out an output cut agreement later this month in a bid to curb the global supply glut. Global benchmark Brent crude lifted 1.25 per cent, or 57 cents, to $46.15 a barrel, while US equivalent West Texas Intermediate crude [...]
Tesco Bank halts online payments after thousands of customers affected by fraudsters November 7, 2016 Tesco Bank has halted online payments for its current account customers due to fraudulent activity over the weekend. The bank identified "suspicious activity" via its fraud prevention systems on Saturday and yesterday warned thousands of customers that they may have been targeted by fraudsters. Today, chief executive Benny Higgins said online transactions from current accounts had [...]
US Presidential Election 2016: Donald Trump has lashed out at the FBI after Hillary Clinton was cleared of an email scandal (again) November 7, 2016 Republican Presidential candidate Donald Trump has lashed out at the FBI for closing its inquiry into Hillary Clinton's emails for a second time. James Comey, director of the Federal Bureau of Investigation, said no criminal charges against the Democratic nominee were warranted. In a letter to Congress, Comey said the agency had worked "around the clock" [...]
Ryanair reports hike in first half profit in the face of weaker sterling November 7, 2016 Ryanair has reported an increase in profits during the first half of 2016, despite what boss Michael O'Leary described as "difficult market conditions" in the aftermath of Britain's vote to leave the EU in June. The figures Revenue rose two per cent in the three months to 30 September, to €4.13bn (£3.68bn) from €4.04bn. Profit after tax [...]
Here’s how much less women in tech get paid compared with men November 7, 2016 Women working in the technology industry in the UK are being short changed. They are earning nine per cent less on average than their male counterparts in the same job, losing out on around £5,000 per year. And women in the UK are losing out more than those working in tech in other top hubs [...]