The times they are a changin’: Songwriter Bob Dylan wins 2016 Nobel Prize for Literature October 13, 2016 Singer-songwriter Bob Dylan has been awarded the 2016 Nobel Prize for Literature for "having created new poetic expressions within the great American song tradition". Dylan moved to New York in 1961 to perform in clubs and cafes in Greenwich Village and shortly after met the record producer John Hammed, with whom he signed a contract for [...]
Deutsche Bank has implemented a hiring freeze October 13, 2016 Shares in Deutsche Bank tumbled this morning, after reports suggested the troubled lender has implemented a hiring freeze. Bloomberg reported chief executive John Cryan had emailed divisional chief operating officers ordering them to stop hiring with immediate effect. That caused shares in Deutsche to fall almost 2.9 per cent to €12.03. The freeze will affect all areas of the [...]
The energy celebrity that rose from the presidential debate October 13, 2016 The US has quite the penchant for creating celebrities. The manufactured stars that we already have at our disposal are never enough. Like Rice Krispie treats, you tell yourself “just one more” but there is always the next YouTube sensation—or in this case, a private citizen who manages to pique our interest, at least for a [...]
A lot of fizz: Warning from Face the Facts, Can the Tax group that sugar tax could fuel illicit soft drinks trade October 13, 2016 A British soft drinks industry campaign group has brought a whole new meaning to coke today after it claimed the sugar tax could fuel the illegal fizzy drinks trade. Concerns have arisen from the prospect of a minimum tax threshold for importers, which would permit some product to be imported tax free into the UK. Read more: TaxPayers' [...]
Nicola Sturgeon confirms legislation for second Scottish independence referendum will be published next week October 13, 2016 Scotland's First Minister Nicola Sturgeon confirmed this morning that legislation for a second independence referendum will be published for consultation next week. "I am determined that Scotland will have the ability to reconsider the question of independence – and to do so before the UK leaves the EU – if that is necessary to protect [...]
FTSE 100 drops below 7,000 as Unilever and Tesco share prices fall after Marmite row October 13, 2016 The FTSE 100 has fallen further from its record high as markets digest some shock weak trade figures from China and the US Federal Reserve looks on course to hike interest rates. The bluechip index tumbled below 7,000 points to stand down for the week after reaching a record intraday high of 7,129 on Monday. Miners, [...]
BBC to cut 300 jobs in its production arm October 13, 2016 The BBC will cut 300 jobs in its production arm as part of a wide-ranging restructuring, it said today. The broadcaster said the number of staff at BBC Studios will be slashed as it continues to cut costs – with most of the job cuts taking place in England. As part of the BBC's cost-cutting drive, it has [...]
Brent crude and West Texas Intermediate oil prices fall as US crude inventories rise for the first time in six weeks October 13, 2016 Oil prices have edged down this morning after data from the American Petroleum Institute (API) showed the first rise in US crude stockpiles for six weeks. The API figures, released yesterday, showed a 2.7m barrels build last week. Analysts had expected a 2m barrel build. Brent crude, the global benchmark, was down 0.21 per cent [...]
WH Smith’s share price climbs after retailer announces share buyback programme October 13, 2016 WH Smith's share price was up 3.5 per cent this morning after the company said its pre-tax profits increased eight per cent year-on-year. The retailer also increased its dividend by 12 per cent and said it would be starting a £50m share buyback programme. Read more: #Marmitegate: Someone is selling a jar of Marmite on [...]
Boris on Brexit: Foreign minister explains policy as Britain prepares to exit the European Union October 13, 2016 Foreign minister Boris Johnson is in front of the foreign affairs select committee this morning, giving evidence on developments in foreign policy – and he says the Brexit doom-mongers have been proven wrong. Johnson, who was a leading voice in the Leave campaign, said: "Those who prophesied doom have been proved wrong and will continue [...]