MPs raise new concerns around the funding of local authority care provision December 2, 2015 The Public Accounts Committee (PAC) has raised concerns about the funding of local authority care services in a new report due out today. The report, which reviews how the Care Act has been implemented so far, warns that “carers and the people they care for may not get the services they need because of continuing [...]
Facebook’s Mark Zuckerberg and Priscilla Chan to donate 99 per cent of their shares to “advance human potential and promote equality” December 1, 2015 Facebook chief executive Mark Zuckerberg and his wife Priscilla Chan have today revealed that they plan to donate almost all of their shares in Facebook to good causes over their lifetimes. In a letter to his newborn daughter posted on the social media website, Zuckerberg said that he and Chan would be giving away 99 per cent [...]
Union mulls next move over Night Tube and worker pay following a meeting of representatives December 1, 2015 There could be further delays down the line for London's Night Tube, as RMT's general secretary Mick Cash has today revealed that representatives from the union were not satisfied with London Underground's latest offer on pay and conditions. Cash said: "The feedback from the meeting is that the offer has not matched up to the expectations of our [...]
Libor scandal trader Tom Hayes’s lawyer tells Court of Appeal he was denied a fair trial in an appeal against the 14-year sentence on eight charges of conspiracy to defraud December 1, 2015 Tom Hayes’s name was back in court again today, as his lawyers argued to the Court of Appeal that the former trader was denied a fair trial. According to Reuters, the legal team for Hayes, who was found guilty of eight charges of conspiracy to defraud and sentenced in August to 14 years in jail [...]
Give industry some space, pleads British Property Federation, as the industrial sector faces increasing competition from housing for land December 1, 2015 The British Property Federation (BPF) has warned government not to neglect industrial development in favour of building housing. In a report released today, the BPF highlights the importance of the industrial sector for economic growth. The BPF also points out the crucial role the industrial sector plays in logistics, generating £100bn in gross value added [...]
Insurance company Axa ventures further into India, increasing its stake in its joint venture December 1, 2015 Axa has today revealed that it is increasing its stake in its Indian joint venture companies. The insurer announced that it would be raising its holding in the life and general insurance ventures, Bharti AXA Life Insurance Co and Bharti AXA General Insurance Co, from 26 per cent to 49 per cent in a bid [...]
Zurich boss Martin Senn steps down after 10 years with the company December 1, 2015 Zurich announced today that its chief executive Martin Senn is stepping down, leaving the company at the end of the year. Tom de Swaan, who has been a member of the company’s board of directors since 2006 and chairman since 2013, has been appointed interim chief executive. A permanent successor for Senn, who has spent [...]
Connected work worth nearly $63bn worldwide by 2020 and £2bn in the UK December 1, 2015 The connected work market – where people buy and sell jobs and services using online platforms – will be worth almost $63bn (£41.9m) worldwide in five years time. Research released today by PwC also set the value of the UK market for connected work at nearly £2bn by 2020. At the moment, the professional service [...]
Festive boom sees twice as many jobs as jobseekers in the UK, although average advertised salaries continue to fall December 1, 2015 The UK had twice as many jobs available as it did jobseekers in October, with 1,229,131 vacancies and only 664,130 people available to fill them. According to a study released today by job search engine Adzuna, recruitment drives for festive season roles caused available jobs in October to skyrocket, going up 4.3 per cent from 1,178,129 [...]
