Here’s what will happen to house prices if markets crash this year January 19, 2017 This year may have been record-breaking for the FTSE 100 so far – but the year is yet young, and with Brexit negotiations and Donald Trump's presidency still to come, a lot could go wrong. So online estate agent Emoov has helpfully donned its tinfoil hat and worked out what could happen to UK house prices if [...]
Theresa May: Brexit is not a rejection of Europe January 19, 2017 Prime Minister Theresa May has insisted the UK's vote for Brexit is "not a rejection of our friends in Europe" – but rather a decision to take control. In a speech at the World Economic Forum at Davos, May said while "some of our European partners feel we've turned out back on them", the UK does [...]
Goldman Sachs is considering halving its London workforce January 19, 2017 Goldman Sachs is considering cutting the number of staff in London to 3,000 after Brexit, it has been reported – effectively halving its workforce in the UK. German newspaper Handelsblatt reported that the US banking giant is mulling moving 1,000 jobs to Frankfurt as part of the plans, while other key operations would move to New [...]
Elon Musk’s insane Hyperloop transport system is coming soon to a difficult-to-pronounce European city near you January 18, 2017 Hyperloop, the so-crazy-it-might-just-work ultra-speedy transportation system invented by Tesla founder and general mad professor Elon Musk, took another step forward today, after three European cities signed a deal to start exploring the technology. By Musk's reckoning, the system, which is essentially a giant vacuum tube, will suck pods through its tunnels at 760mph, cutting the three-hour [...]
Going by past trends, Trump’s inauguration could mean bad things for markets January 18, 2017 It's just two days until Donald Trump is inaugurated as 45th President of the United States – but the bad news is, his arrival might not be great for markets. Research by AJ Bell has found markets tend to fall in the first year of Republican Presidencies, while Democrats send the market higher. According to [...]
HSBC boss Stuart Gulliver says jobs will be moving out of London to Paris January 18, 2017 We've already heard a lot about HSBC's plans to move jobs to France if Brexit negotiations don't go as the bank hopes. But yesterday Stuart Gulliver, the lender's chief executive, confirmed it is looking at moving jobs accounting for a hefty chunk of its revenues across the Channel. In an interview with Bloomberg at Davos, Gulliver [...]
This private equity firm has slashed salaries for graduates – it’s buying them houses in London instead January 18, 2017 Terra Firma founder Guy Hands has never been the conventional type. But now he has gone way off the beaten track: not only has the private equity giant cut graduates' salaries in half – but it's offered to buy them a house instead. EFinancialCareers reported Terra Firma has cut starting salaries for those joining its graduate programme [...]
These are last year’s 25 most common passwords January 18, 2017 Despite the cyber security industry's best efforts, it seems people are bent on continuing to use the same, easy-to-remember passwords. Yep, a new study by password security firm Keeper has found a staggering 17 per cent of people use the password "123456" – exactly the same as 2015's top password. Having scoured 10m passwords, the company [...]
Premier Foods warns on profits (but at least mince pie sales are up) January 18, 2017 Premier Foods has not made an exceedingly good start to 2017 – its shares dived today after it warned on profits. The figures The food manufacturer, whose brands range from Bisto to Mr Kipling and 80s stalwart Angel Delight, said sales in its third quarter were down one per cent at £251.4m, despite a strong December. Branded sales [...]
Mapped: The best (and cheapest) towns to commute to London from January 17, 2017 It's the holy grail for Londoners of a certain age: a town close enough to the capital to commute from, but far enough away to be affordable. Now London's best commuter town has been named: step forward, Amersham. The Buckinghamshire town, 27 miles from London (and 59 minutes on the Tube), has been ranked the [...]
