London Underground Tube delays worst on Central, Jubilee and Victoria lines as overcrowding strains network January 7, 2015 As Londoners continue to vent their fury over the chaos seen at London Bridge station and Boris Johnson set to meet rail bosses tomorrow, the scale of problems caused by overcrowding has been revealed. A Freedom of Information request filed by LondonlovesBusiness.com showed that commuters have been delayed close to 900 times since 2010 thanks [...]
Mayor Boris Johnson will meet with rail bosses tomorrow after second day of chaos at London Bridge station January 7, 2015 London Mayor Boris Johnson's meeting with rail bosses tomorrow is likely be dominated by the fallout of another disastrous day of overcrowding at London Bridge station. The Mayor's meeting with senior staff at Network Rail was already on the books before commuters suffered a second day of delays and "dangerous overcrowding". Johnson will demand the [...]
McDonald’s out of fries in Venezuela as tight currency controls worsen food shortages January 7, 2015 Things have got so bad in Venezuela that the Golden Arches have to serve up fried yuca instead of French fries. McDonald's 100 franchises in the oil-dependent state have totally run out of potatoes, forcing them to substitute with regional staples like yuca and maize arepas. Latin America's biggest McDonald's franchise holder Arcos Dorados is [...]
Goldman Sachs forecasts Tories will win the 2015 General Election January 6, 2015 Journalists, pundits and pollsters are widely agreed that this year's General Election is the most unpredictable in decades. The rise of the SNP in Scotland, Ukip in England, the Greens threatening Labour's left flank, coupled with a general loathing of Westminster establishment politics, is leaving most commentators unable or unwilling to give their predictions. However, [...]
Ukip website down: Indie Oxford record label claims to have bought domain name January 6, 2015 Ukip's disappeared earlier today with the official address linking to a domain hosting page. In what is becoming an increasingly bizarre story, an Indie record label based in Oxford has claimed to have bought the party's domain on Twitter. The political blogger Guido Fawkes originally speculated that the problem could be down to the party [...]
Clydesdale Bank chief executive David Thorburn stands down after four years at the top January 6, 2015 Clydesdale Bank chief executive David Thorburn is standing down after four years at the National Australia Bank (NAB) subsidiary. Thorburn joined Clydesdale Bank in 1993 and took on the role of chief executive in 2011. He also held positions at Yorkshire Bank since 2004. Thorburn commented on his departure: I'm proud of the work my [...]
UK house prices: Number of first-time buyers soar to highest level since the financial crash January 6, 2015 The number of first-time buyers soared to its highest level since 2007 last year, according to The Halifax. Last year the number of first-time buyers rose to 326,500, up 22 per cent on 2013, representing the highest number of first-time buyers since the financial crash of 2008. Halifax said the cost of putting down a [...]
King over the water? David Miliband doesn’t rule out returning to British politics January 6, 2015 David Miliband has not ruled returning to British politics in an interview with Vogue that will no doubt spark speculation among commentators. The former foreign secretary, who lost the contest for the Labour leadership to his brother, resigned from Parliament in 2013 and went on to take a position at a leading charity in New [...]
Who made the FCA’s 2014 naughty list: Which institutions received the biggest fines last year? January 6, 2015 2014 was a busy year for the UK’s financial regulator, the Financial Conduct Authority (FCA), which brought in a record £1,471,431,800 in fines – more than twice the previous record year. However, £1.1 billion of the FCA’s naughty list was made up by just five banks, and these record fines have sparked fears of conduct [...]
German executive pay races past the UK for the first time January 6, 2015 Germany has raced past the UK to become Europe's capital of well-paid executives, according to a study of over 500 companies in five EU countries. German chief executives earned on average £2.69m in 2013 compared to £2.66m paid to their counterparts in the FTSE 100. Germany's captains of industry benefitted from long-term pay incentives at [...]
