Can fintech survive when interest rates rise? This is what will happen to those models when it does… January 28, 2016 London is the epicentre of fintech development, and there are a plethora of different approaches appearing, some of which are more 'tech' than 'fin', while others are more 'fin' than 'tech'. If you look around, most people are being opportunistic, doing what has been done before, only slightly differently, using technology to make old things work more efficiently. But [...]
FirstGroup’s share price drops on profit warning January 28, 2016 FirstGroup's share price fell more than five per cent this morning after the transport operator issued a profit warning on the back of major flooding in the north of England. The figures Revenues in the third quarter fell by 9.5 per cent on a constant currency basis, on the back of changes to its rail franchise portfolio and [...]
Southeastern cancels Ashford to London trains after engineering works overrun January 28, 2016 Commuters travelling into London from Kent were faced with major disruption this morning, after Southeastern cancelled a series of trains because of overrunning engineering works. Services from Maidstone, Ashford and Canterbury into London Victoria were delayed by as much as two hours, and some of them cancelled outright. Engineering works meant the line did not open until nearly [...]
Dixons Carphone deputy chief executive Andrew Harrison to join Ocado board January 28, 2016 Dixons Carphone deputy chief executive Andrew Harrison is joining the board of Ocado, bolstering the business' retail skills further. Harrison will join as an independent non-executive director on 1 March. His appointment comes at an interesting time for the business, which is rumoured to be in talks about a tie-up with Amazon – rather than go [...]
SSE to cut gas prices by five per cent – but MoneySavingExpert’s Martin Lewis blasts move as “trivial” January 28, 2016 SSE has become the latest energy provider to cut gas prices for British consumers, agreeing to drop prices on its standard tariff by 5.3 per cent. The cut, which comes into effect from 29 March, is being introduced ahead of the end of its price freeze, which was to run until the summer. SSE estimates that [...]
Deutsche Bank ‘s share price slides as Germany’s biggest lender records full year loss of €6.8bn – more than forecast January 28, 2016 Deutsche Bank's share price fell this morning after Germany's biggest lender reported its first annual loss since 2008 – a figure even bigger than was expected. The figures The German lender has posted a full year loss of €6.8bn (£5.1bn) – more than the €6.7bn that had been trailed – with fourth quarter losses of €2.1bn. Litigation charges [...]
Former Morrisons exec Norman Pickavance to lead retail taskforce to solve low pay and productivity issues January 28, 2016 How do you solve the UK's productivity puzzle? Well, the retail sector is hoping that a former Morrisons exec and adviser to Ed Miliband might be able to at least help out that industry. Ahead of the introduction of the new Living Wage, due to come into force in April, a new taskforce has been established to investigate [...]
Managing taxes in the sharing economy: People who make money through Uber, AirBnB and Etsy could be under-stating their profits – and HMRC is coming to get you January 27, 2016 The self-employed tax return deadline is only days away, leaving the many individuals that have made money through sharing economy services like Uber, AirBnB and Etsy struggling to work out what, if any, tax they have to pay this 31st of January. But they have to get clued up fast because Revenue & Customs recently announced [...]
Air India and Jet Airways bomb scare: Flight AI215 and 9W 260 grounded as authorities run security checks after laptop bomb threat January 27, 2016 A passenger jet was grounded this morning as authorities ran security checks, after receiving a bomb threat. The Air India flight AI215 from Delhi to Kathmandu has been "isolated" and is waiting for security clearance, after a message was received claiming there was a bomb in a laptop. All 122 passengers and seven crew members are waiting in [...]
Greater Anglia services from Southend to Liverpool Street suspended after person hit by train January 27, 2016 Greater Anglia train services were part-suspended until at least midday this morning, after a person was hit by a train near to Southend Airport. British Transport Police said they were en route to the station after receiving reports of a person under a train at around 8am this morning. Greater Anglia said: "Due to emergency services [...]
