Music rights firm One Media boosts profit after acquisition spree March 31, 2020 Music rights company One Media today posted a sharp rise in revenue and profit for the full year after snapping up a string of new catalogues. The Aim-listed firm reported revenue of £3.5m in the year to the end of October, up 30 per cent on 2018. Pre-tax profit rose 11 per cent to £547,222. [...]
ECB financial supervisor calls on banks to cut bonuses due to coronavirus March 31, 2020 Banks should exercise “extreme moderation” on bonus payments this year, according to Europe’s top financial supervisor, who also threatened to intervene if lenders fail to show restraint. Andrea Enria, chair of the European Central Bank supervisory board, said he hoped banks would limit payouts and avoid the need for the ECB to take action, but [...]
Nationwide pulls sales of mortgages for small deposit holders March 31, 2020 Nationwide is temporarily pulling its mortgage offering for low-deposit borrowers including first-time buyers as Britain’s biggest building society grapples with the impact of coronavirus on the housing market. Nationwide said that from Tuesday it would withdraw all fixed-rate and tracker mortgages above 75% loan-to-value (LTV) from sale for remortgage, first-time buyers, and new house purchases. [...]
US markets open lower following days of gains March 31, 2020 US markets opened slightly lower today following days of gains driven by massive government economic intervention. The S&P 500 opened down 0.8 per cent at 2,604, the Dow opened down half a per cent at 22,207 and the Nasdaq Composite opened down 0.3 per cent at 7,749. Despite clawing back some ground in recent days, [...]
Let’s work together to make work experience more rewarding March 31, 2020 Any student who’s ever spent a week getting coffee, photocopying, or doing research that is immediately thrown into the recycling knows that our current work experience system doesn’t work. It’s elitist, nepotistic, and formal work experience programmes tend to only be offered in very “establishment” industries: law, banking, consulting. And yet it’s still a vital [...]
Licence fee could be linked to broadband bills, says BBC March 31, 2020 The licence fee could be replaced by a levy linked to existing household bills such as broadband, the BBC said today as it hit back at the government’s consultation into decriminalising non-payment of the TV charge. While the corporation insisted the existing model was the fairest, it said it was willing to explore a household [...]
Coronavirus: Ineos to build third European hand sanitiser plant March 31, 2020 Chemicals company Ineos said today it will build a hand sanitiser plant in France in 10 days to help meet a European shortage. Ineos has already begun production on hand sanitiser plants in the UK and Germany. Last week the privately owned UK business said it would build UK and German plants to supply schools, [...]
Coronavirus: Aldi, Morrisons and Waitrose ease stockpiling restrictions March 31, 2020 Supermarkets have begun to ease restrictions on the number of productions shoppers can purchase as availability has improved following a spike in coronavirus-related stockpiling. All major UK supermarkets were forced to limit the number of items customers could buy earlier this month, to combat an increase in panic buying. Aldi announced this morning that, while [...]
Coronavirus: Monzo boss won’t take salary for year as staff offered furlough March 31, 2020 The chief executive of Monzo will not take a salary for a year as the digital challenger bank introduces pay cuts for executives and offers staff voluntary furlough amid the coronavirus crisis. In an internal memo, Tom Blomfield told Monzo’s 1,500 employees he would forgo a salary for the next 12 months, with the lender’s [...]
