City set for a decade of job growth as finance and technology hiring to soar in London June 2, 2015 Booming finance and technology hiring will help create 145,000 new jobs in central London over the next decade in a sustained bounce-back from the financial crisis, according to a study out today from the City of London Corporation. The Square Mile can expect an additional 39,000 workers, with the remainder created across the other central [...]
Sepp Blatter to resign as head of Fifa June 2, 2015 FIFA president Sepp Blatter yesterday surprised the football world by announcing that he would resign his position. Speaking in Zurich, he said: “I do not feel that I have a mandate from the entire world of football,” listing fans, players and clubs among his critics. Blatter’s statement drew relief and further criticism from prominent football [...]
Stock exchange reshuffle puts Inmarsat in FTSE 100 June 2, 2015 Troubled banknote printer De La Rue is likely to tumble out of the FTSE 250 less than a week after it posted a £20m decline in profits during the last financial year. The London Stock Exchange (LSE) yesterday announced several potential changes to its indices, with supermarket group Morrisons expected to move from the [...]
Four injured at Alton Towers June 2, 2015 FOUR people were seriously injured at Alton Towers yesterday after a crash on the Smiler rollercoaster. The four injured were treated at the scene and taken to hospital and 16 others were evacuated from the ride, in Staffordshire. Nick Varney, head of the park’s owner, Merlin Entertainments, said: “I would like to express my sincerest [...]
Germany keeps jobless numbers down in May June 2, 2015 GERMANY’S unemployment rate stayed at a record low last month, indicating that private consumption will propel growth in the country’s economy this year. Data from the German labour office showed the number of people out of work decreased by 6,000 on a seasonally adjusted basis to 2.786m. Meanwhile, the Eurozone returned to inflation in May [...]
Travel industry veteran is new Royal Mail chair June 2, 2015 ROYAL Mail is set to name TUI Group boss Peter Long as its next chairman, replacing Donald Brydon who has been in the role since 2009. Long, a veteran of the travel industry, will be revealed as the company’s new leader as early as today, Sky News first reported. London-listed TUI, which owns brands such [...]
Greece and its creditors bring reforms to table June 2, 2015 EUROZONE officials will discuss two sets of Greek reform proposals today in a bid to finally wrap up more than four months of negotiations over the embattled country’s future. Greece and its creditors are looking to finalise a cash-for-reforms deal to keep the state from going bankrupt in the coming weeks. Between now and 19 [...]
David Cameron U-turns from his opposition to pay rises for MPs as salaries set to hit £74,000 June 2, 2015 Members of Parliament are set to see their annual salaries rise by 10.3 per cent, to £74,000 in September, according to a new report from the Independent Parliamentary Standards Authority (IPSA). Despite previously saying that the above-inflation pay rises were “simply unacceptable,” Prime Minister David Cameron has now said he will not stop them. IPSA, an [...]
Government to introduce more new academies June 2, 2015 As many as 1,000 academy schools could be created under new legislation being introduced today. Education secretary Nicky Morgan said the government’s new education and adoption bill will “sweep away bureaucratic and legal loopholes” that previously prevented schools from being improved. The new law is expected to limit the powers of local campaign groups and [...]
AO World shares lose their power after £2.2m loss June 2, 2015 AO World’s shares were dealt a further blow yesterday, after the online electricals retailer revealed a £2.2m loss for its first year as a listed company. The Bolton-based company’s shares have fallen by 70 per cent since its £1.2bn market debut 15 months ago, when it was valued at almost 72 times its projected earnings. [...]
