IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
BP freezes pay on oil price drop January 26, 2015 UK OIL giant BP is freezing pay across the company this year in response to falling oil prices. BP employs 84,000 staff globally. “The tougher external environment in 2015 means that our businesses need to work… to take a number of measures in response to the harsh trading environment,” CEO Bob Dudley said in a [...]
No DLR service will run if strike goes ahead January 26, 2015 TRANSPORT for London is warning that a two-day strike being organised by the union RMT, which will disrupt the DLR tomorrow and Thursday, could result in no services running at all. Commuters are being advised not to travel at peak times and check its site for advice before they start on their journey. Workers are [...]
TransferWise hits $1bn milestone as London FinTech startups attract more cash January 26, 2015 Confidence in London’s financial technology (FinTech) startup community, and indeed its wider startup sector, was understandably at an all time high yesterday as another of the City’s rising tech stars completed a funding round reaching a $1bn (£663m) valuation. Raising growth-stage capital is often cited as a challenge for tech businesses with global ambitions in [...]
Aer Lingus mulls IAG bid as offer rises to €1.36bn January 26, 2015 Shares climbed 2.42 per cent at International Consolidated Airlines Group (IAG) yesterday, after the company confirmed that it had submitted a third offer for Irish flag carrier Aer Lingus. IAG, which owns British Airways, is proposing a bid of €2.55 per share, which values Aer Lingus at around €1.36bn (£1.02bn). The Irish firm stated that [...]
How London’s brutalist Centre Point tower is being turned into luxury flats with a view January 26, 2015 Both reviled and admired, London’s Centre Point tower at the east end of Oxford Street has stirred controversy ever since it was first erected in 1966. A beehive of concrete and glass, its brutalist-style was regarded as an eyesore on the skyline and the fact that a building of its height (it is 117 metres [...]
Lone Star snaps up UK hotelier Jurys Inn with a £680m deal January 26, 2015 HOTEL chain Jurys Inn has been bought by US private equity firm Lone Star Funds. The deal is believed to be worth £680m. Jurys Inn has 31 hotels including four in London. It also has hotels in other parts of the UK, Ireland, and in Prague. In a statement the company said its existing management team [...]
Alpari UK clients may have to wait six weeks to access funds January 26, 2015 Customers of forex and spreadbetting site Alpari UK could have to wait four to six weeks before they can re-access their funds, one of the bidders to buy parts of the collapsed firms warned yesterday. Administrators from KPMG are pooling client funds, and will pay clients the money from their accounts when it is certain [...]
Shire’s NPS deal validated as US approves drugs January 26, 2015 SHIRE’S $5.2bn (£3.45bn) takeover of NPS Pharmaceuticals just weeks ago is already paying off. Shire shares rose 1.08 per cent yesterday after NPS’s Natpara drug was approved by US regulators over the weekend. The US Food and Drug Administration (FDA) approved Natpara to treat a rare hormone disorder, hypoparathyroidism. Analysts expect the drug to generate [...]
Nick Hewitt: AA executive at heart of firm’s purchase and float on sick leave January 26, 2015 AA executive director Nick Hewitt is taking a leave of absence from the company due to ill health, the roadside assistance firm announced yesterday. A statement from chairman Bob Mackenzie said Hewitt will be obtaining essential medical treatment until further notice, but is expected to be absent for at least three months. “We wish Nick [...]
SSE cuts prices after customer numbers drop January 26, 2015 SHARES in energy firm SSE went up by 1.61 per cent yesterday after the company confirmed that it would be dropping its prices by 4.1 per cent from 30 April onwards. The group is the fifth of the big six power companies to drop gas prices since the beginning of the year, with only EDF [...]
