Britain’s brightest bulbs from the tech industry to present to Commonwealth politicians and businesspeople in Malta November 24, 2015 A group of digital start-ups will travel to Malta between 27 and 29 November to showcase the UK’s burgeoning tech scene in front of politicians and businesspeople from across the Commonwealth. Backed by government-supported organisation Tech City UK, the entrepreneurs will be attending the Commonwealth Heads of Government Meeting, which will be themed around adding [...]
Bond movie Spectre boosts bottom line for Cineworld, as revenues up 11.9 per cent in most recent results November 24, 2015 Cineworld Group today unveiled a 11.9 per cent increase in total revenues for its 46 weeks to 19 November 2015. The cinema chain also reported growth of 10.8 per cent in box office takings, thanks in particular to the release of the latest Bond film Spectre. Speaking to City A.M., Israel Greidinger, Cineworld’s deputy chief [...]
Kingfisher’s share price falls despite third quarter sales rising to £2.7bn November 24, 2015 Kingfisher's share price fell this morning as it revealed sales had climbed 2.6 per cent to £2.7bn for the third quarter, but down 2.5 per cent on a reported basis. The retail giant, which owns Screwfix and B&Q, also reported a profit on retail activities of £223m, up just 0.4 per cent on a constant currency basis [...]
Banking on beds pays off for Ikea UK as annual sales rise to £1.6bn and market share grows to 7.7 per cent November 24, 2015 Retailer Ikea has remained popular on British shores, with Ikea UK today revealing annual sales of £1.6bn for the financial year ended 31 August 2015, up 11 per cent. “We are delighted to have achieved double digit growth for the second year running and to be in our fourth consecutive year of growth here in [...]
House of Lords select committee questions Google over attitude towards competition November 23, 2015 Representatives from Google were questioned today by a House of Lords select committee, including about whether the technology giant’s search engine market prominence gave it an unfair level of control over the access of online content. Adam Cohen, head of competition and economy policy for EMEA at Google, and Jon Steinberg, external relations manager, EMEA, were giving [...]
Parabis Group administrators appointed, as business broken up and sold on November 23, 2015 AlixPartners has today revealed that three of its directors have been appointed joint administrators for legal services provider Parabis Group. Peter Saville, one of the administrators, said: “Despite the receipt of further support from its financial stakeholders, the Group was unable to resolve its cash flow issues and sought to market itself for sale. As [...]
Three-quarters of top judges are privately educated, compared to seven per cent of the population overall, raising concerns over diversity and social mobility in the legal sector November 23, 2015 Three-quarters (74 per cent) of top judges, defined as those who sit on the High Court and the Court of Appeal, received a private education, compared to just seven per cent of the UK population overall. A report by the Sutton Trust and PRIME – an alliance of more than 80 UK law firms and [...]
Compliance salaries set to rocket in 2016, as misconduct fallout takes the spotlight November 23, 2015 Junior compliance associates could be raking it in next year, with salaries expected to rise 6.8 per cent in 2016, well above the average three per cent salary rise forecast across all professions. According to figures released today by Robert Half, junior compliance associates can expect the third biggest salary percentage increase of all the [...]
Insurer Towergate reports fall in income to £87m, down 10 per cent, in third-quarter 2015 results November 23, 2015 Towergate Insurance announced today that it has seen its group income topple to £87m for its third quarter of 2015, down 10 per cent compared to £97m last year. Income for the year to date was also down 10 per cent, falling to £271m for the nine months ended 30 September 2015 from £300m for the same period last [...]
One in five Brits has fallen victim to cybercrime in the last year, with a similar proportion having had their bank details stolen and used to make purchases November 23, 2015 One in five (22 per cent) Brits has fallen victim to cybercrime in the last year, according to a survey released today by security software company Norton by Symantec. The survey of more than 1,000 UK consumers also found that 44 per cent of people had suffered a cybersecurity incident at some point in their life. “We no [...]
