“Flash crash” trader Navinder Sarao loses £5m bail appeal May 20, 2015 The British trader accused of sparking the 2010 US flash crash has lost a bid to overturn his bail conditions at High Court, landing him back in custody. Navinder Sarao, who is charged with 22 counts of illegal trading activity in a US court, is fighting extradition and has been in custody since his [...]
Hargreaves Lansdown share price falls as costs mount – although pensions savers aren’t buying Ferraris May 20, 2015 When the chancellor first announced plans to lift rules forcing pensions savers to buy annuities in 2014, much was made of the fact a generation of pensioners could go and splurge their pension pots on Ferraris. But two months after savers were given access to their pensions, Hargreaves Lansdown has said people are being eminently [...]
SSE share price edges down as it announces plans to close Ferrybridge power station May 20, 2015 The figures Being an energy giant isn't always easy these days – but results posted today showed profits before tax at SSE rose 24 per cent in the year to the end of March to £735.2m, from £592.5m the year before, although operating profits stayed flat, at £1.88bn. But the government's push to persuade energy customers to shop around more [...]
First house, first baby, first job: 25 life milestones and the ages you should achieve them May 19, 2015 The eminent members of Generation Y may frequently complain that they're being priced out of the property market/marriage/adulthood – but when should we actually be hitting those crucial milestones? Younger than you think, according to new research… Loans company Amigo surveyed nearly 1,600 people aged between 16 and 65 about their "wisdom, life experience and [...]
Japanese airbag maker Takata launches biggest car recall in US history May 19, 2015 The Japanese manufacturer behind millions of airbags has recalled 34m vehicles, making it the largest car recall in US history. Takata, which makes airbags for Toyta, Nissan and Honda vehicles, said a problem with airbags on the driver's side affects cars from 11 manufacturers, although today's announcement only mentioned certain models of Honda Accords and [...]
Hipstergeddon? Etsy share price plummets in after-hours trading as as losses jump May 19, 2015 Shares in newly-floated craft site Etsy fell as much as 15 per cent in after-hours trading after its first results since it listed showed its net loss for the three months to the end of March had risen to $36.6m, from $500,000 during the same period last year. That's enough to put a droop in [...]
Yahoo’s share price plummets as IRS gets ready to make it harder to sell its Alibaba stake May 19, 2015 Shares in US tech giant Yahoo plummeted 7.5 per cent as trading finished in New York, after reports suggested the US' Internal Revenue Service (IRS) is getting ready to introduce new rules which might make it more difficult for the company to shed its stake in Chinese online retailer Alibaba. Yahoo has already made it [...]
Airbnb is about to muscle in on the professional property management business May 19, 2015 Flat rental site Airbnb may have built its reputation on the sharing economy – but with a valuation of about $20bn, it was only a matter of time before it got into the professional property management business. Read more: Escape it all – the 21 most deliciously remote Airbnb rentals Now, it's been reported the [...]
Microsoft founder Bill Gates has released his summer reading list – it includes Richard Dawkins’ latest, and the XKCD book May 19, 2015 Now in its third year, Bill Gates' summer reading list has become something of a tradition for Gates-watchers. While last year's was hardly a laugh a minute (it featured Tim Geithner's Stress Test and Elizabeth Kolbert's The Sixth Extinction. Festive), this year Gates is clearly in a breezier mood – 2015's list even features an anthology of [...]
Video: New York’s Metropolitan Transportation Authority is far better than Transport for London at explaining why Tube delays happen – and how they’re solved May 19, 2015 Presumably in an effort to quell commuters' constant rage, New York's Metropolitan Transportation Authority has released a video explaining the science behind delays on the subway – and it's in the style of an 8-bit video game. So what happens? According to the video, subway (and, presumably, London Underground) trains usually have a regular interval [...]
