Summer Budget 2015: Barclays, HSBC, RBS share prices rise as Osborne reveals levy will be ditched July 8, 2015 Banks share prices lifted this afternoon as George Obsorne confirmed the levy would be phased out over the next six years. In a move widely seen as looking to sway HSBC, Standard Chartered et al from leaving the UK, Osborne's first all-Tory Budget confirmed that the levy would be cut gradually until 2022. Instead [...]
Second World War bomb discovered near Westfield London shopping centre July 8, 2015 Westfield London has reopened after a Second World War bomb was discovered at a nearby building site. The device, which was discovered at 10:40am today, has now been removed by specialist officers for examination. The Metropolitan Police confirmed the discovery this morning, advising people to avoid the area “for some time”. A number [...]
Antony Jenkins fired from Barclays: Here’s what people are making of it July 8, 2015 It might not be the best day for Antony Jenkins, but Barclays investors seem pretty happy with the news that he's been ousted. Barclays share price leapt 2.7 per cent at the open, rising to 3.2 per cent in mid-morning trading, comfortably leading the FTSE 100. The board has praised Jenkins for his work [...]
Antony Jenkins: His time at Barclays from the Libor scandal to the time he tried to ban free banks July 8, 2015 Barclays today revealed it has fired chief executive Antony Jenkins after three years at the helm, saying the bank needs a new leader, with a new set of skills, to take it into future growth. The move is widely seen as being instigated ahead of John McFarlane's arrival as executive chairman the middle of [...]
TfL Tube strike 2015: London Underground boss Mike Brown defends Night Tube, insists workers’ hours will not increase July 8, 2015 London Underground boss Mike Brown has defended the Night Tube as “exciting and essential” – and insisted the group is not demanding staff to work more hours to operate it. Tube workers are poised to go on a major strike from 6pm tonight, which will disrupt the entire network for at least 24 hours. [...]
TfL Tube strike and First Great Western, Southern, Northern train strikes: There’s going to be major disruption in the next week – but commuters could claim millions back in compensation July 8, 2015 Having called off the Network Rail strike in May, union bosses have been busy planning a "perfect storm" of rail and Tube strikes – conveniently timed to start on the same day as George Osborne’s summer Budget. From July 8th to 17th, strikes have been scheduled by London Underground, First Great Western, Southern Rail [...]
Barclays share price climbs after board sacks Antony Jenkins in favour of boss with “new set of skills” July 8, 2015 Barclays chief executive Antony Jenkins has been sacked, with the bank's board saying it seeks a leader with "a new set of skills". Jenkins – who some dubbed the "nice guy of banking" – will leave the business on 17 July, when John McFarlane picks up the reins as executive chairman. A search [...]
7/7 bombings 10th anniversary in pictures: London remembers July 7, 2015 London came together in ceremonies and moments of silence today as the capital remembered the victims of the 7 July bombings 10 years ago. Prime Minister David Cameron laid a weath in Hyde Park and later attended a service at St Paul''s Cathedral along with London mayor Boris Johnson and former Prime Minister Tony [...]
HSBC fires Birmingham staff after filming video of mock-Islamic State execution July 7, 2015 HSBC has sacked several employees who made a video in which they pretended to be Islamic State militants beheading a hostage. The video, which was posted online, shows one man dressed in an orange jumpsuit surrounded by five other men dressed in black, one of whom was holding a fake knife. One man is [...]
7/7 London bombings 10th anniversary: Timeline of the day that changed the capital July 7, 2015 It’s been 10 years since London was rocked by a series of bombs that brought the capital’s Tube network and roads to a standstill. On that day confusion reigned: at first it was reported that there had been a power surge. At one point as many as six explosions were thought to have gone [...]
