How nine challenger banks reacted to the CMA’s report on current accounts August 9, 2016 Nine challenger banks including TSB and Metro Bank have slammed the findings of the UK's competition watchdog in its investigation into the retail banking sector, arguing the review has missed “a golden opportunity”. The Competition and Markets Authority (CMA) report, published this morning, called on banks to implement an “open banking” standard by 2018, allowing customers to monitor and access all [...]
Theresa May has issued a cautious defence of the national living wage after businesses called on the government to moderate increases August 8, 2016 Downing Street has issued a cautious response to business demands for a delay in the implementation of the national living wage. Business groups including the Federation of Small Businesses (FSB) wrote to business and energy secretary Greg Clark to call for targets for the programme to be pushed back. The national living wage is aimed at [...]
Theresa May has blasted Southern Rail strikers for heaping fresh misery on commuters August 8, 2016 Prime Minister Theresa May has condemned Southern Rail strikers for heaping “misery” on commuters, while also insisting she wants to work with the franchise's owner to improve service. Southern Rail RMT members began a five day strike earlier today, arguing that passenger safety is being compromised by plans for train drivers, rather than guards, to [...]
Theresa May has blasted Southern Rail strikers for heaping fresh misery on commuters August 8, 2016 NULL
Sir Philip Green and The Pensions Regulator are acting “like punch-drunk fighters” according to one of the chairs of a parliamentary enquiry into BHS August 8, 2016 The chair of parliament's business committee has blasted Sir Philip Green and The Pensions Regulator for their failure to make progress on BHS' pensions deficit. Ian Wright told BBC's Today programme that he was frustrated by a lack of progress since Green told MPs in mid-June that he would offer a contribution to the collapsed [...]
Ed Glitterballs. Former Labour MP confirmed for Strictly Come Dancing August 8, 2016 Former shadow chancellor Ed Balls is set to become the first male politician to compete on the main Strictly Come Dancing show, after the BBC confirmed his spot. Ed Balls — BBC Strictly ✨ (@bbcstrictly) August 8, 2016 Balls follows former business secretary Vince Cable in taking to the dancefloor, although the former Lib Dem MP only participated [...]
Pollster Yougov says it has been boosted by a fall in the value of sterling August 8, 2016 Polling giant Yougov has raised hopes for its performance for the year to 31 July with an update saying it has benefited from a drop in the pound. In a pre-close trading statement today, Yougov said that it now expected full year results to be ahead of the board's expectations. “Revenue from the US and [...]
Shares, stocks and corporate news: What you need to know before the open August 8, 2016 The FTSE is expected to begin the week cautiously as the markets continue to absorb a dramatic week in the UK and a pair of surprises from overseas. The FTSE 100 is expected to open trading up 3 points at 6,796, while the German DAX is predicted 14 points higher at 10,381, and the French [...]
London businesses are showing increasing concerns that their new graduate recruits aren’t up to snuff August 5, 2016 Graduate recruitment may be rising, but London businesses are concerned over the readiness of their new recruits, according to a new survey. Figures from a survey by the Confederation of British Industry and education business Pearson in April and May this year show that one in three London businesses upped their graduate recruitment in the past year. [...]
