More and more people are working from home – and chances are they’re paid more per hour than you More and more people are working from home, and on average they earn more per hour than the rest of the workforce, according to official statistics out today. Around 4.2m people work from home in the UK, making up 13.9 per cent of all people in work during the first three months of the [...]
Why Goldman Sachs thinks England is heading out at the group stages – and why we should be celebrating Don’t bin your England shirt and tear off your white and red wig in disgust when we crash out of the World Cup this summer – our inevitable footballing failure is a bullish sign for the economy. Possibly. Goldman Sachs has predicted today that England will exit the tournament at the group stage, following [...]
Student loans, uranium, and six other things on the Shareholder Executive’s to-do list The government’s Shareholder Executive announced today that it has picked Robert Swannell as its new chair. Swannell, who is also chairman of Marks & Spencer, has been on the board of the group since January, giving him some experience of the group's various portfolio companies. Here are some of the projects that are [...]
Nigel Farage looks forward to a European holiday in new spoof video May 21, 2014 Nigel Farage, the leader of the UK Independence Party, is the subject of a new controversial ad campaign from the travel web-site Lastminute.com, in which he appears to be espousing the virtues of going on holiday to countries like Romania and Bulgaria. The advertisement, which involves selected editing of various pronouncements from Farage, shows [...]
Six things you need to know about the new banking standards council May 19, 2014 Sir Richard Lambert’s report on banking standards will, he hopes, trigger a big shift in the way banks hold their own behaviour to account as they try to restore their reputations. His recommendations today have changed slightly since his last update in February, but he has stuck to his call for an independent body, [...]
Flash Boys traders hold no fear for the London Stock Exchange May 15, 2014 The London Stock Exchange believes it will avoid the worst of the international crackdown on high-frequency trading, with HFT making up less than a quarter of its trade volume. The exchange group posted a 50 per cent rise in revenues today, with all of its business lines growing and the equity markets in general [...]
MH370 search prompts Inmarsat to offer free long-haul flight tracking May 12, 2014 The British company whose satellites helped to narrow the search for the missing flight MH370 has today offered free satellite tracking for every one of the world’s 11,000 long-haul passenger planes. Inmarsat’s announcement comes after the disappearance of the Malaysia Airlines flight on 8 March. The industry is toughening up on aircraft tracking following the [...]
Heathrow’s new boss tried to launch a beer energy drink, and other important facts May 8, 2014 Heathrow Airport confirmed this morning that John Holland-Kaye, its development director, will take over from Colin Matthews as chief executive in July. Europe’s busiest airport said Holland-Kaye, who has worked for Heathrow since 2009, has played a big role in revamping Terminal 2 as well as planning for a possible third runway. Here [...]
EasyJet working on new drones and paperless planes May 7, 2014 EasyJet is helping to develop new drone technology that can be used to inspect its planes. The airline, which is holding a tech showcase at its Luton hangar today, said it is working with the Bristol Robotics Laboratory, Coptercraft and Measurement Solutions to modify an unmanned aerial vehicle for trials within the next few [...]
New airline turns to crowdfunding to launch business class-only flights April 30, 2014 A new airline set up by a Goldman Sachs alumnus, which hopes to bring back business class-only flights to the States, is raising up to £5m through crowd-funding. Odyssey Airlines was founded by Adam Scott, a former banker who has assembled a team of start-up veterans including some of the founders of Silverjet, whose [...]
