Korma blimey! Just Eat gobbles up the market March 17, 2015 Despite a wobbly start, takeaway portal Just Eat has gone from strength to strength. Just Eat has been connecting hungry customers with their local takeaway restaurants for the past 14 years. “We’re like your best friend, letting you know which is the best Chinese or Indian restaurant in your area,” said Just Eat [...]
New BHS owners hire advisers to shake-up its property estate March 17, 2015 THE NEW owners of BHS have hired agents to weigh up options for its property portfolio, casting further uncertainty over the future of some of its 171 stores. Retail Acquisitions, which bought the department store group for £1 from Sir Philip Green last week, confirmed that Jackson Criss and Charles Palmer Property have been brought [...]
IG bounces back from January’s franc exchange March 17, 2015 IG GROUP’S revenues fell 5.1 per cent in the third quarter of the trading firm’s financial year, as the Swiss franc’s shock rise in January pushed the group to a small loss that month. The group, which began in spread betting and has expanded into other sectors, brought in revenues of £91.8m in the three [...]
OneSavings share price soars as challenger bank doubles profits after IPO March 17, 2015 Challenger bank OneSavings more than doubled its profits last year, yesterday reporting strong buy-to-let and small business lending. Statutory pre-tax profits came in at £63.7m for 2014, up from £31.4m in 2013. That includes the £7.4m OneSavings spent on its stock market flotation last summer. The bank is made up of several different units [...]
Bank: UK has influence in Europe March 17, 2015 Britain has successfully influenced financial regulation in Brussels, a top Bank of England official said yesterday. Critics of the UK’s relationship with the European Union have complained that rules such as the bonus cap are effectively imposed on Britain from above, hitting financial services. But Alex Brazier, executive director, financial stability strategy and risk at [...]
Shawyer quits role on M&S Bank’s board March 17, 2015 M&S BANK non-executive director Peter Shawyer resigned from the board this month, it was announced yesterday, after 19 months at the bank. “Peter Shawyer has made the decision to retire from his role as a non-executive director at M&S Bank due to the ill health of his wife,” said a spokesperson for the bank. Shawyer [...]
Top Rabobank trader banned for rate rigging March 17, 2015 A FORMER senior trader at Rabobank was yesterday banned by the Financial Conduct Authority (FCA) over Libor rate-rigging. Paul Robson is the first trader to be banned by the City regulator for attempted Libor manipulation. The FCA action follows a US criminal conviction for Robson over interest rate-rigging. He was the second person at the [...]
BT fined £800,000 by Ofcom for deaf service failure March 17, 2015 British Telecom (BT) has been handed an £800,000 fine from media regulator Ofcom for failing to offer adequate services for hearing-impaired customers for five months. The fine relates to BT’s failure to bring in its Next Generation text relay system from between April and September 2014. The system translates voice-to-text on various devices, including PCs, [...]
JP Morgan joins forces with pharma giants to lead $100m dementia fund March 17, 2015 JP Morgan has partnered with the UK government to launch a new multimillion pound fund to encourage research into treatment for dementia. The New York-based investment bank said it had been working with the government to structure the Dementia Discovery Fund in such a way that it would make a profit for investors while funding research [...]
Dementia: The war on this illness will not be won in isolation March 17, 2015 “If our brains were simple enough to be understood, we wouldn’t be smart enough to understand them.” The truth of this well-worn adage can be debated. But it certainly goes some way to explaining the enormous challenge we’re facing in our search for new medicines to fight dementia. We are lucky enough to live in [...]
