Bad news, commuters: Southern Rail conductors have just voted for a strike December 15, 2015 Bad news, Southern Rail commuters: conductors working for the train operator have voted in favour of a strike over staff shortages. The Rail, Maritime and Transport (RMT) union said 70 per cent of staff balloted on the issue voted for the action to take place. The ballot result will now be considered by RMT’s executive, [...]
Threadneedle Asset Management fined £6m by City watchdog Financial Conduct Authority over fraud near-miss December 15, 2015 Threadneedle Asset Management has been fined more than £6m after the company narrowly avoided being made a victim of fraud by a member of staff. The City watchdog said the company did not have sufficient controls in place, which left it vulnerable to an attempted $150m (£98m) fraud carried out by Vladimir Gersamia, a fund manager on [...]
The Mog effect? Sainsbury’s share price climbs as grocer outperforms Tesco, Asda and Morrisons as Kantar supermarket figures December 15, 2015 Could it be the Mog effect? Sainsbury's has beaten Tesco, Asda and Morrisons to become the best performing supermarket among the Big Four. In fact, Kantar Worldpanel figures show that Sainsbury's was the only grocer among the top spots to post a growth in sales for the 12 weeks to 6 December, up 1.2 per cent. Tesco and Asda had [...]
Treasury reveals details of its plan to extend pension freedoms as economic secretary Harriett Baldwin unveils plans to create “new secondary annuity market” December 15, 2015 The Treasury has revealed details of its plans to extend pension freedoms to more than five million people as part of a move to create a secondary annuity market. Economic secretary to the Treasury Harriett Baldwin said this morning the tax restrictions will be removed from 6 April 2017, making it easier for people to sell their annuity for an [...]
Aveva’s share price plummets 36 per cent as it calls off talks with Schneider Electric saying £550m merger would create “significant” challenges December 15, 2015 Aveva's share price plummeted more than 36 per cent this morning after the engineering group called off talks with Schneider Electric, saying a merger would create "significant" challenges "that could not be overcome without considerable additional risk and cost". The two businesses had announced a merger this summer, in which Schneider would have paid £550m for a 53.5 [...]
Royal Dutch Shell to make 2,800 redundant as £47bn BG merger clears final hurdle as Chinese authorities give go-ahead December 14, 2015 Oil giant Royal Dutch Shell is to make 2,800 jobs redundant globally as part of its £47bn mega-merger with BG, equivalent to three per cent of its total workforce. The jobs will be shed as part of a major restructure that will see BG's business rolled into Shell's when the two companies merge next yaer. [...]
French infant school teacher lied about being stabbed in neck by suspect “invoking” Islamic State December 14, 2015 An infant school teacher who claimed to have been stabbed in the neck this morning at a school in the north of Paris, by a man reportedly “invoking Islamic State”, has admitted to lying about the attack. He had originally claimed the incident took place at 7:15 this morning, while the teacher was preparing the classroom [...]
Galliard Homes unveils AFC Wimbledon Football Club stadium and mixed-use development including 602 apartments, shops, a squash court and gym December 14, 2015 Galliard Homes has revealed images of or a mixed-use development that will include a sports stadium for AFC Wimbledon, having received planning approval from Merton Council late last week. The 14 acre development site is on brownfield land, located off Plough Lane in Wimbledon. The centrepiece of the scheme will be a 20,000-seater football stadium, which will serve as [...]
AA to offer remote monitoring of vehicles’ fuel consumption, driver behaviour and routes through new contract with Trakm8 December 14, 2015 AA is planning to offer business customers a new range of services thanks to a deal struck with car data provider Trakm8. Trakm8, which already supplies telematic systems to the AA for the firm's roadside assistance and recovery vehicles, has developed a new fleet management system that will enable businesses to better manage their costs and logistics. The system, [...]
Greene King boss Rooney Anand joins Morrisons’ board December 14, 2015 The chief executive of Greene King, Rooney Anand, has been appointed as non-executive director and senior independent director of the supermarket Morrisons. Anand, whose career includes stints at United Biscuits and Sara Lee, before joining Greene King as managing director in 2001, will join the board from 1 January. His appointment is one of several key hires [...]
