City watchdog boss reveals it won’t lighten up on banks after Brexit, as it publishes new consultation to better protect at-risk consumers in ever-changing financial market October 26, 2016 The boss of the City watchdog revealed today he would not back the slackening of banking red tape post-Brexit, as the regulator launched a new consultation to hone its work going forward. When asked if he would support a relaxation of regulation following Brexit to make the UK more competitive, Andrew Bailey, Financial Conduct Authority (FCA) [...]
Cheapside reopens after being evacuated and closed off by police after suspicious vehicle reported October 26, 2016 City of London police have confirmed that a security alert in the Square Mile has now been dealt with and all roads have been reopened. We have dealt with the incident and the area is now safe. Roads have been re-opened. Thank you for your patience. — City of London Police (@CityPolice) October 26, 2016 [...]
Mortgage approvals fell 15 per cent in September October 26, 2016 The number of mortgages approved by high street lenders fell 15 per cent in the year to September, figures published today showed. The British Bankers' Association said the number of mortgages given approval hit 71,738 in September – up from 69,499 in August. But the figure was down on the 74,252 six-month average, and three per cent lower in [...]
Head to Paraguay, Serbia and the Czech Republic for a cheap bottle, Wine Price Index 2016 shows October 26, 2016 The UK is the 24th most expensive place to buy a bottle of wine, with an average price of £10.70, a new index shows. The latest research from SHAREaCAMPER looked at the cost of wine in 65 countries around the world, comparing local and imported averages. Wine-lovers should head to Paraguay for a cheap glass of red, [...]
Government launches hunt for new BBC board chair… and cuts salary by £10,000 October 26, 2016 The government has officially begun its hunt for a new chair of the BBC board – offering a £10,000 pay cut on the previous salary. BBC Trust chair Rona Fairhead was expected to take on the position on the newly-created BBC board automatically. Read more: Diversity pressure on BBC from incoming watchdog But she announced [...]
BT’s giving London’s phone boxes a revamp and they’ve got free Wi-Fi October 26, 2016 BT’s made a rather bold decision – it’s giving London’s phone boxes a makeover. The telecoms group has announced plans to replace the traditional boxes with kiosks called Links, in a new service LinkUK, offering free calls to UK landline and mobile phones, free Wi-Fi access and charging facilities. Hundreds of users within range of [...]
Airbus profit nosedives after production troubles and choppy helicopter sales October 26, 2016 Supplier headaches and a turbulent switch to newer models have taken a toll on Airbus Group's third quarter profit, which slumped 21 per cent. The figures Airbus may have been celebrating the delivery of its 10,000th aircraft last week (an A350-900 for Singapore Airlines, in case you were wondering), but it had less to enjoy today, posting lower than expected [...]
Bottoms up: Net profit down but beer sales up for Heineken October 26, 2016 Dutch brewer Heineken's net profit is down on last year's figures but higher beer sales contributed to a better than expected performance, its latest results have shown. The world's second largest beer maker, which includes Tiger and Sol, sold more than expected in its third quarter, but saw its net profits plummet. The figures Net profit for [...]
European Parliament president refers Ukip punch-up to French police October 26, 2016 President of the European Parliament Martin Schulz is referring a recent incident between Ukip MEPs Steven Woolfe and Mike Hookem to French police, according to reports. Woolfe was hospitalised earlier this month after he collapsed at the parliament buildings in Strasbourg following an 'altercation' with Hookem. At the time of the incident, Schulz said the reports [...]
UK market shows signs of lagging behind for Santander October 26, 2016 Santander has reported something of a mixed bag of results this morning, with growth flattening out on a number of measurements and its UK market showing signs of struggling under the weight of new taxes. The figures Overall profits at Banco Santander were €1.7bn (£1.5bn) for the third quarter of 2016, up one per cent on the same [...]