Why your highest-paid workers are the least reliable during the summer June 2, 2015 When the sun comes out next week, keep an eye on your top executives – it turns out they're the ones who are most likely to award themselves a cheeky couple of hours off, new research has shown. The study, by business-to-business market place Approved Index, shows that of those earning the highest salaries – £50,000 [...]
Canary Wharf owner Brookfield buys Center Parcs June 2, 2015 After all the effort Brookfield put into buying Songbird, the parent company of Canary Wharf, it's clearly in need of some leisure time: the Canadian investor has just bought Center Parcs from Blackstone. Read more: Brookfield – Center Parcs' next big owner Although its price was undisclosed, it is thought Brookfield paid somewhere in the region [...]
City A.M. appoints Christian May as new editor June 2, 2015 City A.M., London's most popular business newspaper, has today appointed Christian May as its new editor. May, 28, has been head of communications for the Institute of Directors since August 2013, responsible for all communications, media and campaigns. As spokesman for the Institute of Directors, he has regularly appeared across domestic and international broadcast [...]
Wall Street ends higher, despite jitters over consumer spending June 1, 2015 US stocks ended the day higher, despite concerns over consumer spending. The Dow Jones finished the day 0.16 per cent higher at 18,040.37 points, while the S&P 500 rose 0.21 per cent at 2,111.73 points and the Nasdaq Composite closed 0.25 per cent up, at 5,082.93. Pharma giant Immunogen led the rally, with shares surging [...]
HSBC expected to unveil thousands of job cuts June 1, 2015 HSBC is expected to unveil thousands more job cuts as the lender attempts to improve profitability. Chief executive Stuart Gulliver is thought to be planning to reveal plans to slash as many as 20,000 jobs at an investor presentation next week, Sky News reported. The scandal-hit bank has been under pressure from shareholders in recent months. [...]
Caitlyn Jenner just became the fastest person ever to reach 1m followers on Twitter June 1, 2015 Thought Barack Obama did it quickly? Meet Caitlyn Jenner, who just beat the record for reaching 1m followers on Twitter: she hit the big number in just four hours. Obama (@POTUS) only managed it in five… Jenner, a former Olympic athlete and current reality star who was born Bruce and has regularly featured on Keeping [...]
Music streaming wars: Is Apple about to unveil a Spotify killer? June 1, 2015 After months of conjecture, is Apple about to take the bull by the horns and launch a Spotify rival? The Wall Street Journal reported today that the company is poised to take on the music streaming giant. According to the WSJ, the technology giant is planning to go into direct competition with Spotify and Pandora, an internet radio [...]
A third of children have asked their parents to work less June 1, 2015 Get those familiar pangs of guilt when you leave the little darlings at nursery in the morning? Here's something to make you feel even worse: a third of parents have been asked by "at least one" of their children to work less, according to new research. Read more: Tories to double free childcare The study, [...]
Why over-55s are “trapped” in £820bn worth of outsized homes June 1, 2015 Homeowners over the age of 55 are sitting on £820bn worth of "under-occupied" homes, new research has suggested – a figure which could hit £1.2 trillion by 2020. The research, by the Centre for Economics and Business Research (CEBR) and institutional investor Legal & General (L&G), suggested so-called "last-time buyers" are struggling to maintain large [...]
Royal apartments dubbed the “One Hyde Park of their day” go on sale in London’s Mayfair June 1, 2015 When the Candy Brothers' One Hyde Park development went on sale with the most expensive flats in the world back in 2011, Londoners scoffed at their £65m price tags. But it's not the first time the capital has played host to some of the world's most exclusive apartments: in the early 19th century, the voluminous [...]
