How UK banks’ bonus rounds stacked up in 2016 February 24, 2017 Bad news if you're a UK-based banker: your bonus probably dropped this year. As bank results season came to a close, it turned out three out of the four major UK lenders shrank the size of their bonus pools this year – Lloyds was the only exception. RBS employees suffered the most, with their bonus [...]
RBS has slashed its bonus pool after disappointing results February 24, 2017 Royal Bank of Scotland (RBS) bankers are in for a disappointing bonus season, after the lender said it had cut its bonus pool by eight per cent. The company said today it had cut its bonus pool from £373m in 2015 to £343m last year. Over 93 per cent of the pool will be paid [...]
Star fund manager Neil Woodford: Bank shares are in recovery mode February 24, 2017 Shares in UK-listed banks are on their way to recovery, one of the UK's leading fund managers has said – although he also speculated over the role of regulators. The FT reported this morning that star fund manager Neil Woodford had said UK lenders are "more investable than they've been in a long time", adding [...]
Rightmove revenues jump as it attracts a record number of customers – but chief exec steps down February 24, 2017 Take that, rivals: Rightmove beat analyst expectations on almost every level with its 2016 results – another sign worries about the property market after the EU referendum were misplaced. The figures Revenues rose 15 per cent to £220m in 2016, with underlying operating profit rising 15 per cent to £166.2m. The company said it had attracted a record number of customers, with its [...]
These 10 UK jobs offer unlimited holiday February 23, 2017 Ah, holidays: at this time of year, with wind and rain battering the UK, they seem a dispiritingly distant concept. But what if you had unlimited holiday? You could spend January on the slopes and summer in the Med – all without losing any pay. Jobsite Glassdoor has helpfully listed 10 UK companies (or companies with offices in [...]
Mortgage lenders have just had their best January since 2008 February 23, 2017 Mortgage lending hit £18.9bn in January, new figures have shown – two per cent up on the same month last year, and the best January since 2008. The Council of Mortgage Lenders (CML) said the figure was down six per cent on December's £20bn – but added that the number of first-time buyers had continued [...]
The best (and funniest) tweets about Storm Doris February 23, 2017 Storm Doris is bearing down on the UK, with winds of up to 60mph expected across the capital – and as much as a foot of snow due to fall in parts of the North. It's the first time this year a so-called weather bomb (area of extreme low pressure) has hit the UK. The good [...]
Apple just announced when its futuristic new $5bn campus will launch February 22, 2017 It's been years in the making – but today Apple said its shiny, new $5bn campus in Cupertino will finally open in April. The 175-acre campus features a giant donut-shaped building designed by Foster + Partners, which will be clad in the world's largest panels of curved glass. As well as the 2.8m sq ft building, Apple [...]
Range Rover has teased its mysterious new Velar – the luxury SUV for the “avant garde” February 22, 2017 Range Rover has unveiled its latest luxury SUV with a single, mysterious photograph – dubbing it the "avant garde Range Rover". The Velar is designed to fill the "white space" between the Range Rover Evoque and the Range Rover Sport, Jaguar Land Rover (JLR), which owns the brand, said today. It added the new addition [...]
Barratt hikes dividend as profits edge higher February 22, 2017 It's been a decent six months for housebuilder Barratt, which today announced it was hiking its divi after profits edged up in the final half of last year – despite a fall in revenues. The figures Although revenues fell 3.2 per cent to £1.82bn in the six months to the end of December, pre-tax profits rose 8.8 per cent to £321m, partly thanks to [...]
