Boris Johnson announces plans to raise London’s Living Wage to £9.40 an hour November 2, 2015 London's Living Wage is set to rise again, after Boris Johnson and the Living Wage Foundation announced another round of hikes. In a speech this morning the Mayor of London said voluntary Living Wage will be raised to £9.40 an hour in the capital, from £9.15 an hour now. Meanwhile, the UK Living Wage will rise to £8.25 [...]
Kazakhstan president Nursultan Nazabayev sacks central bank governor Kairat Kelimbetov after tenge plummets November 2, 2015 Kazakhstan has ousted the governor of its central bank after the country's currency, the tenge, lost more than a third of its value in a matter of months. President Nursultan Nazarbayev – who arrives for a two-day visit to the UK today – sacked Kairat Kelimbetov, saying trust in the country's national currency and central bank [...]
How to avoid Uber’s surge pricing: Science explains how to beat the algorithm October 30, 2015 Uber may have changed our lives (for the better or worse, depending on which side of the "black cab" argument you're on), but there's no denying when that surge pricing screen pops up, it's a disappointment. Now scientists in the US have worked out a way to beat it. Troubled by what they call "Uber's [...]
UK house prices: Combined wealth of UK property investors rises 40 per cent in a year, hitting a record £306bn October 30, 2015 The UK's real estate investors are richer than ever before, with £306bn of wealth – a new record. That's according to the Estates Gazette Rich List, which said this was the first year the figure had risen above £300bn. It's a 40 per cent jump since 2014, when the total figure was £218.3bn. What's surprising is [...]
Up to 14 passengers injured on Dynamic International Airways flight 405 to Caracas at Fort Lauderdale Hollywood International airport as Boeing 767 catches fire October 29, 2015 Up to 14 people have been reported injured on a flight at Fort Lauderdale Hollywood International airport after it caught fire while taxiing. It was reported that the plane taxiing behind Dynamic International Airlines flight 405 saw fuel leaking onto the runway. Fire fighters extinguished the fire by covering the plane, which was on its way to Caracas, [...]
Nationwide house prices index: UK house prices rise again in October October 29, 2015 Ever feel like you're repeating yourself? House prices have risen again, new figures showed today, with prices rising 3.9 per cent in the year to October, up from 3.8 per cent last year. The Nationwide House Price Index showed the average price has now crept up to £196,807, up from £195,585 this time last year. That's [...]
Deutsche Bank Strategy 2020: Everything you need to know about Deutsche’s turnaround plan October 29, 2015 Deutsche Bank unveiled a €6bn (£4.4bn) loss this morning: it's less than the €6.2bn it warned of in October, but suggests something needed to change. And lo, new chief executive John Cryan spent the morning outlining Strategy 2020, his plans to turn the bank around. Here's a breakdown of his plans: 1. Cutting jobs – and clients [...]
Deutsche Bank share price dips as it posts €6bn loss and announces plans to cut jobs October 29, 2015 Embattled lender Deutsche Bank posted a €6bn (£4.3bn) loss for its third quarter, adding it will cut thousands of jobs as part of its turnaround plan. Still, that loss isn't as bad as the €6.2bn loss it warned of in October… Read more: Deutsche Bank's big shake-up – here's everything you need to know The figures [...]
Intercontinental Hotels Group share price closes higher as it’s swept up in the M&A rumour mill October 28, 2015 InterContinental Hotels Group (IHG), the world's largest hotel provider by number of rooms, became swept up in M&A fever this afternoon, with shares closing 2.3 per cent higher at 2,548.6p on talk of two of its rivals shacking up. The jump came after suggestions Starwood Hotels & Resorts, which owns the Sheraton and W Hotels brands, was in [...]
RACE to the bottom for Ferrari share price? China sales put on the breaks after Tianjin port explosion October 28, 2015 Shares in freshly-IPOd luxury carmaker Ferrari remained below their IPO price of $52 today after it posted figures showing shipments to Greater China fell 24 per cent in the three months to the end of September. You can't blame the company: parent company Fiat Chrysler, which posted figures at the same time showing shipments to Asia Pacific had fallen [...]
