TalkTalk chief executive Dido Harding hands over the reigns the firm’s largest shareholder February 1, 2017 Dido Harding has announced she is stepping down as TalkTalk chief executive after seven years in the role. She led the company through a massive cyber attack in 2014, which hammered the group's share price and prompted calls for her resignation. Harding has also been a vocal opponent of BT's continued ownership of the Openreach broadband network, [...]
HMRC lays out plans to scrap yearly tax return and replace it with continuous online reporting January 31, 2017 The annual tax return will be a thing of the past by 2020, according to HMRC – potentially saving the taxman over £8bn per year. Under the government's proposals – part of its Making Tax Digital project – taxpayers will keep the Revenue updated online on a continuous basis, rather than filing a yearly return. [...]
Gold climbs after Trump fires US attorney general January 31, 2017 The price of gold climbed overnight, edged on by uncertainty after US President Donald Trump fired attorney general Sally Yates. Global markets opened lower today, and safe haven assets such as gold and silver got a boost as investors looked for certainty. The precious yellow metal was up 0.5 per cent to $1,202, while the [...]
FCA fines Deutsche Bank £163m for serious anti-money laundering controls failings January 31, 2017 The Financial Conduct Authority (FCA) has slapped Deutsche Bank with a £163m fine over "serious anti-money laundering controls failings". This is the largest financial penalty relating to money laundering that the regulator, or its predecessor the FSA, has ever imposed. The City watchdog's fine comes after the German lender agreed to a $425m (£340m) settlement [...]
TSSA won’t be joining the RMT union in Tube strikes next week January 30, 2017 The Transport Salaried Staffs' Association (TSSA) has announced that it will not join in with planned Tube strikes next week. The RMT union announced last week that London Underground workers will stage walkouts on the 5 and 7 February, as part of a row over jobs and ticket office closures. The RMT has instructed all London [...]
St Paul’s station is closed due to a power failure and Central line trains are not stopping January 30, 2017 St Paul's station in the City was closed this morning due to a power failure in the local area. Central line trains were not stopping at the station as a result of the closure. Engineers are currently on site at the station, which reopened briefly – but had to shut again due to the same [...]
The government has sold more Lloyds Banking Group shares January 30, 2017 The government has sold more shares in Lloyds Banking Group, bringing its holding below the five per cent threshold. UK Financial Investments, which manages the government's stake in the bank, said today it now owns 4.998 per cent of the group. Shares in the bank dipped 1.4 per cent at the open. Until a few [...]
Six people have been killed in a gun attack at a Quebec mosque January 30, 2017 Six people have been killed after gunmen opened fire at a mosque in Quebec during Sunday night prayers, in what Canadian Prime Minister Justin Trudeau said was a "terrorist attack on Muslims". Eight people were also wounded in the attack. Police said two suspects had been arrested, but gave no details as to the motive [...]
Unite says British Airways cabin crews will stage six more days of strikes in February January 27, 2017 British Airways cabin crews will strike on six more days in February, Unite announced today, in a dispute over what the union describes as "poverty pay". New strike dates announced | British Airways to face six days of #strike action by mixed fleet cabin crew #MoreSoon pic.twitter.com/ATgp9vuJXn — Unite the union: join a union (@unitetheunion) January [...]
Severe delays on Jubilee line after security alert at Bond Street station January 27, 2017 Bond Street station has reopened after being closed when a suspicious package was reported – but police have established that the item in question was just lost property. There are severe delays on the Jubilee line. https://twitter.com/jubileeline/status/824984898016509953 British Transport Police tweeted a picture of the security dog, Scooby, used to help deal with the suspect [...]
