EU migrant crisis: Schengen agreement “to be suspended for two years” as Brussels told to reinstate border controls January 26, 2016 The Schengen agreement – the treaty which allows free movement between EU member states – is set to be suspended for two years as officials attempt to halt the influx of migrants into Europe. Brussels has been told to reinstate border checks as officials put together plans to lock Greece out of the zone altogether, [...]
Savills names Nick Ferguson new chairman as Peter Smith steps down January 26, 2016 Savills has named Sky boss Nick Ferguson its future chairman, after Peter Smith steps down from the role in May. Ferguson joins the board as a non-executive director from today (26 January) and will take up the reins when Smith retires after the property group's AGM. Savills chief executive Jeremy Helsby said: "On behalf of everyone at Savills [...]
Argos chief operating officer David Robinson jumps ship to Conviviality Retail January 26, 2016 Argos chief operating officer David Robinson has jumped ship, joining Bargain Booze and Wine Rack group Conviviality Retail. Robinson will join the off licence business, which recently acquired wholesaler and distributor Matthew Clark, as managing director. His start date has not yet been confirmed. During his time at Home Retail Group, where he currently sits on the [...]
EasyJet’s share price dips as airline reveals revenues down after terrorist attacks in Sharm-el-Sheikh and Paris January 26, 2016 EasyJet's share price fell this morning after revealing its revenues have been dampened by reduced demand for flights in the wake of the terrorist attacks in Sharm-el-Sheikh and Paris last autumn. The figures Total revenues fell 0.1 per cent to £930m in the three months to 31 December, with currency headwinds also eating into growth: EasyJet recorded negative [...]
After yet another data breach, more customers are planning to share less information – so how do companies win back that trust? January 25, 2016 We can barely go a week without news of another business falling foul of a data breach. Only last week, Asda joined the long line of high profile victims, with a website bug putting millions of personal details at risk. In an age where customer experience is valued more than ever before this is a precarious position for any [...]
Tube strike 2016: RMT has called off action scheduled for 26 January at 11th hour – but February’s strikes could still be on January 25, 2016 Update: The UK's largest transport union RMT has called off this week's Tube strike, after receiving a new pay deal from Transport for London. The Tube strike was due to start at 9.15pm on Tuesday 26 January and run until the same time on Wednesday 27 January. This was then to be followed by two further 24 hour strikes [...]
Our savings slump is lowering our productivity – and even highly paid individuals are financially vulnerable January 25, 2016 We’re nearly there: long after the Christmas credit card bills landed, January’s payday is finally in sight for most of us. Many of us will have tightened our belts this month metaphorically as well as literally this month after a festive overspend. It’s not a pleasant experience. But new SMF research suggests it could also be damaging [...]
Deutsche Bank could cut bonuses by as much as 30 per cent January 25, 2016 Deutsche Bank is expected to cut staff bonuses for the outgoing financial year, as the lender is braced to post a record loss with write-downs, litigation charges, restructuring costs and a tough trading environment all conspiring to hurt its bottom line. Reuters is reporting that the bank's employees have already been told their bonuses will [...]
Westfield Stratford evacuated as fire breaks out January 25, 2016 Hundreds of shoppers and retail staff have been evacuated from east London shopping centre Westfield Stratford after a fire broke out this afternoon. A spokesman for the London Fire Brigade told City A.M. the emergency service had been called to scene at around 12:45pm. The fire – which was "very small" – was not actually in Westfield itself, [...]
UK house prices: This is how luxury property owners are selling their homes quicker January 25, 2016 Making a fresh batch of coffee and croissants isn't enough to convince people to part with their cash for your property anymore – at least not if you're in the top end of the market. As the super-prime market starts to cool, luxury home-owners are increasingly looking to "home styling" in order to secure the asking [...]
