Four reasons you’re running team meetings all wrong July 18, 2016 According to the Many-Worlds Interpretation of Quantum Mechanics, there are an infinite number of universes where everything that could happen has happened. Which would mean that somewhere in this multiverse the England football team are the current World and European champions, Jeremy Corbyn is Prime Minister, and Danny Dyer has won an Oscar. There [...]
This pensions giant has just warned downsizing your home to fund your retirement is a terrible idea July 18, 2016 Planning on downsizing and relying on what's left over to fund your retirement? Don't bother, Royal London has warned. Get a pension instead. According to the pensions and investment giant, roughly three million people of working age are planning to use the value of their home to fund their retirement. But a new report by the [...]
How six City analysts reacted to Arm’s acquisition by Softbank July 18, 2016 Another ripe fruit was plucked from the tree of UK plc today, after Japanese lender Softbank announced it was acquiring Arm Holdings, the rockstar chip designer. Not surprisingly, shares in the company, whose clients include Apple and Samsung, shot up more than 40 per cent on the announcement of the news. But how did the City [...]
Here’s how much the typical millennial will earn over their lifetime – and why Brexit could make it even worse July 18, 2016 The typical millennial earned £8,000 less during their 20s than the previous generation, a new report has suggested. Figures by think tank the Resolution Foundation suggested the younger a millennial is (it's a pretty wide definition – anyone between 15 and 35), the less they're likely to have earned during their 20s. In fact, the [...]
Foreign office issues updated travel advice to Britons in Turkey following military coup attempt July 17, 2016 The Foreign Office (FCO) has issued updated advice to Britons in Turkey after a failed military coup. "The situation in Turkey appears to be calming following an attempted coup overnight on 15-16 July," it said in an update on Saturday evening, but added that the situation remains "potentially volatile". Flights are returning to normal after [...]
Shooting heard in Ankara as President Erdogan calls for “mass resistance” following military “coup” July 15, 2016 There have been reports of military helicopters shooting at targets in the Turkish capital Ankara, following a military "coup". The news came shortly after a bizarre television appearance by President Recep Erdogan, who was interviewed on CNN via a Skype call on a smartphone. During the interview, he called for the population to resist – although he added he was still [...]
FTSE 100 finishes higher for the third week in a row – but pound dips July 15, 2016 After a day of trading in negative territory, the FTSE 100 managed to heave itself into the green in the minutes before the bell, finishing 0.2 per cent higher, at 6,669.2 points. That meant the index finished up on the beginning of the week for the third time since the EU referendum. Today's rise was [...]
The Co-operative Bank has hired a new chief financial officer July 15, 2016 The Co-operative Bank has hired John Worth as its new chief financial offer. Barclays and Ernst & Young veteran Worth, currently interim finance chief at Hiscox, will take the reins at the lender at the beginning of September. It's not an easy time to join the Co-op: not only did chief executive Niall Booker hand in [...]
Citigroup shares rise as earnings beat expectations – but profits still drop July 15, 2016 Citigroup shares rose in pre-market trading in New York, after it reported a dip in profits and earnings – but still beat expectations. The figures In a statement posted today, the investment banking giant said revenues fell eight per cent to $17.5bn (£1.31bn) in the second quarter, down from $19.2bn during the same period last year. Adjusted net income fell 14 [...]
Irvine Sellar’s £1bn “Shard of West London” skyscraper just lost 51 storeys – it’s now the Cube of West London July 15, 2016 Remember the so-called "Shard of West London", the £1bn, 65-storey tower in Paddington planned by Shard developer Irvine Sellar? That's just received a bit of a downgrade, after the company behind it unveiled new plans for an office block – which is 51 storeys smaller. The newly-styled, 14-storey Paddington Cube, on the site of a former Royal Mail [...]
