Fitbit sees revenue soar 168pc for its third quarter of 2015, but share prices plummet November 2, 2015 Fitbit has announced revenue of $409.3m for its third quarter of 2015, an increase of 168 per cent from $152.9m compared to the same period in 2014. “Fitbit’s third quarter results demonstrated the continued rapid growth of the Fitbit platform and our team’s ability to execute on the tremendous opportunity we see globally, as we [...]
UK defined benefit pension scheme deficit worse than a year ago, finds JLT Employee Benefits November 2, 2015 The deficit for all private sector defined benefit pension schemes in the UK was an estimated £228bn at the end of October, according to figures from JLT Employee Benefits released today. By comparison, the deficit at the end of October 2014 was £208bn. JLT Employee Benefits estimates that total defined benefit pension liabilities for the [...]
Google Project Wing: Dave Vos says drones postal service will be delivering to your doorstep by 2017 November 2, 2015 Parcels from the postie might be a thing of the past, as a Google executive announced today that the company is aiming to start delivering packages by drone by 2017. Responding to an audience question at a conference for air traffic controllers, Dave Vos, project lead on Project Wing at Google, said he hoped the [...]
UK’s capital gains tax bill shot up 43pc in one year to £5.5bn, announces accountancy group UHY Hacker Young November 2, 2015 Taxpayers forked out £5.5bn in capital gains tax (CGT) last year, up 43 per cent from £3.4bn the year before, UHY Hacker Young has announced. The accountancy group pinpointed increases in the CGT rate and removal of CGT reliefs, coupled with increased turnover in shares and buy-to-let properties as being behind the rise. And, having [...]
More Volkswagen cars caught in emissions scandal as US warns Porsche and Audi designs are implicated November 2, 2015 The United States Environmental Protection Agency (EPA) issued a second notice of violation of the Clean Air Act to Volkswagen (VW) today, stating that more brands of VW cars were thought to have emissions test defeating devices installed. Cars included in the notice are the diesel versions of the 2015 Porsche Cayenne, and the 2016 [...]
Standard & Poor’s warns of greater risks for Chinese insurers as they seek out overseas investments November 2, 2015 Chinese insurers could encounter increased risks as they seek investments overseas, a Standard & Poor’s Ratings Services report released today warned. The report notes that China’s recent economic slowdown and interest rates cut meant insurers were likely to generate less new business and have to increase their claim liability reserves on their existing business. These [...]
Association of British Insurers calls for better flood-risk information for UK homebuyers November 2, 2015 Nine out of ten people think flood-risk information should be included in material about properties for sale, an Association of British Insurers (ABI) survey has revealed today. The ABI also criticised property search websites and marketing materials for new builds for lacking flood-risk information. In light of the survey, the ABI is calling for more [...]
Online images are putting girls off a career in engineering, making them feel it is a job for boys November 2, 2015 Online imagery portrays engineering as a career for boys, putting off girls from pursuing jobs in the field, research by EngineeringUK has today revealed. The organisation, which was set up to promote engineering’s contribution to society, discovered that less than half (42 per cent) of online pictures with people that are related to engineering contain [...]
More job vacancies than jobseekers in 41 out 56 UK cities November 2, 2015 Job vacancies outnumbered jobseekers in 41 out of 56 UK cities during September, research by job search engine Adzuna has revealed today. Adzuna’s UK Job Market Report discovered that there were an average of 0.58 jobseekers per job vacancy last month, slightly less than the 0.62 jobseekers per vacancy recorded during August 2015. By comparison, [...]
UK immigration: Canada has lessons for Britain on migrants – Institute of Public Policy Research November 2, 2015 Britain should follow Canada’s lead to do more to better integrate migrants into the community, argues a report published today by the Institute of Public Policy Research (IPPR). Among the recommendations in the report – called Trajectory and Transience: Understanding and addressing the pressures of migration on communities – are creating a Controlling Migration Fund [...]
