Ladbrokes CEO Richard Glynn to step down next year December 3, 2014 Bookmaker Ladbrokes has announced that chief executive Richard Glynn will step down next year after four years with the FTSE 250 company. Glynn took up the role in April 2010 with hopes to transform the business to adapt to the new developments in the gaming industry, particularly around digital services. Peter Erskine, chairman of Ladbrokes, [...]
Sage profits soar as Stephen Kelly takes the reins as CEO December 3, 2014 Software company Sage Group has reported a 69 per cent rise in pre-tax profit to £278m. Operating profit was also up a whopping 65 per cent to £298m for the year ended 30 September. The FTSE 100 company grew software subscription revenues 28 per cent. Stephen Kelly, the company's new chief executive, said: Our financial [...]
Here’s why some economists are slamming Danny Alexander’s plan to build new homes on public sector land December 2, 2014 We may be in the midst of strong growth and plummeting unemployment, but when it comes to the economy, most people tend to fixate on one thing: housing. While house prices in London and the South East are not rising at the eye-watering levels they were 10 months ago, the cost of housing is driving [...]
Germany is number two destination for immigrants while Britain takes third December 2, 2014 The USA may still rank as the world's number one destination for immigrants looking for a better life, but Germany managed to scoop second place, according to research from the Organisation for Economic Co-operation and Development (OECD). That's up from eighth place in 2009. Britain took bronze, coming third place. Germany's popularity with migrants has [...]
Autumn Statement 2014 round-up: What we know and what to expect December 2, 2014 It is well known that chancellors use their autumn statements to win favor with the electorate and set a policy minefield for the opposition, and this year is shaping up to be no exception. Ever the strategist, George Osborne will look to announce measures to win over key voters and promote the government's message on [...]
Rachel Johnson Twitter hacked: Boris Johnson’s sister’s account drops the c-bomb on David Cameron November 25, 2014 The past week have been something of a dream for Twitter gaffes. Labour's shadow attorney general was forced to step down after sending what was regarded as a snobby tweet from Rochester and Strood while even Twitter's own CFO appears not quite to have mastered the social media minefield. Over the past 24 hours, a [...]
Pro-Scottish independence newspaper The National doubles print run after first issue sells out November 25, 2014 Scotland's first pro-independence daily is going double its print-run after selling all 60,000 copies on its launch day. The National had its first print run on Monday and was launched by Newsquest's Herald and Times group. The paper is running for five days to test demand. The paper's editor Richard Walker, who also edits the [...]
Twitter’s CFO Anthony Noto appears to have accidentally tweeted a DM about buying a company November 25, 2014 It appears Twitter's CFO may have been hoist by his own petard. Last night, Anthony Noto tweeted what looks uncannily like something that should've been a direct message, not a tweet for his 9,000 followers. He has since deleted the tweet, the subject of which looked like a potential acquisition by Twitter. "I still think [...]
Pensioners have “stopped being poor” but their benefits will top £12bn by 2019, says IFS boss November 25, 2014 Government benefits for pensioners will cost £12bn more per year by 2019 if the current system is kept in place, according to the Institute for Fiscal Studies (IFS). The massive increase in spending would come about even though pensioners are on average wealthier than those still in work. The IFS argued "pensioners as a group [...]
Autumn Statement 2014: What free marketeers want from George Osborne and what they’re likely to get November 24, 2014 With the Autumn Statement just a week away, George Osborne is already being inundated with suggestions on how to boost growth and cut the deficit. The CBI has already weighed in with its suggestions, including raising the threshold for employee National Insurance Contributions and cutting business rates. Britain's unemployment rate may have dropped like a [...]
