Why hay fever is not to be sneezed at by employers June 10, 2016 Hay fever: A big cause of runny noses, red eyes and, according to new research, lack of work being done at the office. The survey by the Met Office discovered that hay fever costs UK employers 29m days worth of lost work per year, with employees who suffer from severe hay fever needing an average of 8.4 [...]
Terra Firma’s Guy Hands drops EMI lawsuit against Citigroup June 10, 2016 Guy Hands has backed down in his lawsuit with Citigroup today. Hands, who brought his case to the High Court in London earlier this week, had been suing the bank for £1.5bn worth of damages over his private equity firm Terra Firma's failed takeover of music group EMI. Hands claimed that Citigroup had misled him throughout the bidding process [...]
Why peers must press for a rethink on HS2 into Euston June 10, 2016 It’s been a rough few weeks for the HS2 project. Within days of winning election to City Hall Sadiq Khan questioned the current plans for HS2's London Terminus. News also leaked that the Cabinet Office, concerned at its exorbitant and escalating cost, is undertaking an urgent review of the whole project. This came after news [...]
Law firm CMS revenues break €1bn mark, although notes the potential for Brexit has caused some uncertainty in its UK market June 10, 2016 International law firm CMS revealed it had raced past a particular milestone today, brining in over €1bn in revenue, despite being slightly shaken by the possibility of a Brexit in its UK market. The figures Revenues for the firm increased to €1.01bn (£735.2m) in 2015, up 8.4 per cent on the prior year's €934.5m. Meanwhile, net profits had grown [...]
Mrs M&S tightens her purse strings, as Steve Rowe’s total pay cut by £400,000 June 10, 2016 Marks & Spencer's Steve Rowe has recently tried his hand at profiling to understand what his customer considers value for money, but it's the figures in the retailer's remuneration report that might be more interesting to him at the moment. The retailer's annual report, which was released yesterday, revealed that the new chief executive's pay had been [...]
Her Majesty the Queen’s 90th birthday? Let me take a selfie, says South West Trains June 10, 2016 The crowded concourse at London Waterloo may not seem like the obvious place to snap some selfies, but that's precisely what South West Trains is encouraging people to do. Today and tomorrow, the train company is running a selfie contest to celebrate the Queen's 90th birthday. To make the station a bit more regal and hopefully bring a [...]
Zurich aims to keep it simple by bringing life and non-life units together June 10, 2016 Zurich revealed its next step in simplifying its business model today, including bringing its life and non-life units together under the same leadership team. The insurance company has previously been working to bring the two divisions of its business closer together in markets such as Switzerland, Germany and Italy. In a statement, the company said that it hoped [...]
World Naked Bike Ride is coming to London tomorrow June 10, 2016 One particular group of cycling fanatics is probably hoping for some very nice weather tomorrow. The World Naked Bike Ride, an annual protest against oil dependency and car culture, is coming to the streets of London tomorrow, just in case you missed it last year. Today, anybody of a prudish disposition may want to avert their eyes in [...]
Pension freedoms haven’t inspired people to shop around for better deals, as charity slams proposed exit charge cap for being too high June 10, 2016 Critics of the pensions freedoms worried it would lead to pensioners going on shopping sprees for Lamborghinis. However, research out today suggests they should have been more concerned about them not shopping around for the best pensions deal. The study by Citizens Advice discovered that seven out of ten people who have dipped into their pensions pot since [...]
