Twitter is lining up hundreds of job cuts in an attempt to streamline operations October 25, 2016 Twitter is preparing to unveil hundreds of jobs cuts prior to its third quarter earnings announcement on Thursday. Up to 300 positions, or eight per cent of the work force, could be culled as the social media giant tries to stem losses that are currently running at $400m (£329m) per year. Read more: Salesforce shares jump [...]
Britain’s cities compared: How long does it take to sell your house? October 25, 2016 While London may be an extremely popular choice for Britons to live, for anyone looking to sell their property quick-sharp, it is one of the worst. On average London is the fourth slowest city to shift a property in the UK according to a survey by Post Office Money. Furthermore, it takes almost double the length of time [...]
The 30 contenders for the 2016 Ballon d’Or are revealed October 24, 2016 The long-list for the world’s best player features eight Premier League stars with England’s Jamie Vardy and Wales’ Gareth Bale flying the flag for Britain. Contenders for the Ballon d'Or were revealed today with Vardy's Leicester team-mate Riyad Mahrez also included. Four Manchester players are evenly distributed across the two sides, while West Ham’s Dimitri Payet and Spurs shot-stopper Hugo [...]
Many Britons have a considerable interest in taking out a Lifetime Isa October 24, 2016 Londoners are keen to enrol in a Lifetime Isa (Lisa), with almost three-quarters wanting to use them to save for the future according to the latest research. If they could, 72 per cent of residents under the age of 40 in the capital would open a Lisa, with over one-third (37 per cent) ready to open one straight away. Although [...]
Jessica Ennis-Hill and Jenson Button launch campaign to encourage Londoners to use their bikes during the winter October 24, 2016 London's cyclists were given a helping hand to brighten up on the roads as part of a new initiative supported by Olympian Jessica Ennis-Hill and Formula One ace Jenson Button. Nearly half of Londoners are put off from cycling in the dark for fear of not being seen, according to research by Santander, the current sponsor of Boris bikes. Read more: Jess [...]
Second profit downgrade of the year drives Cobham share price down by double digits October 24, 2016 Aerospace and defence group Cobham's share price slumped over 12 per cent this morning after issuing its second profit downgrade of year. Referencing a "challenging" third quarter and that its wireless and satellite communications division had underperformed, the company said it expects 2016 trading profits to be between £255m and £275m. Previous consensus forecasts had anticipated trading profits of £295m, according to Reuters. [...]
Royal Bank of Canada finance chief to retire and will be replaced by former PwC accountant October 24, 2016 One of Royal Bank of Canada's (RBC) executive stalwarts will retire at the end of January the bank announced this morning. Janice Fukakusa, who has been with RBC since 1985, will retire from her dual-posts of chief financial officer officer and chief administrative officer, with former beancounter Rod Bolger scheduled take over in lender's top finance job. Read more: RBC deal takes Banque SYZ into Switzerland's [...]
Sterling malaise leads to Microsoft increasing enterprise prices October 24, 2016 The pound’s plunge means that software giant Microsoft will increase prices of enterprise software and cloud services from next year. Although consumers pricing will not be adjusted by Microsoft, the company revealed on one its own blog posts that from 1 January it will raise prices by 13 per cent to enterprises. Read more: Microsoft [...]
Big Four rival? No, we’re old friends, insists ex-Deloitte boss as he launches Cogital – a new firm with big ambitions October 24, 2016 In August there was plenty of noise around the announcement that the former boss of accounting giant Deloitte, John Connolly, was starting a new bean-counting business, Cogital. The question was whether the project, which was innovatively backed by private equity house HgCapital, was the latest attempt to break the stranglehold of the Big Four? If anyone might be able to do it, then [...]
Devolved leadership committee meets for the first time in nearly two years October 23, 2016 Prime Minister Theresa May will meet with the leaders of the devolved parliaments of Wales, Scotland and Northern Ireland on Monday and spell out her vision for a "grown up" relationship between the administrations. Meeting for the first time since December 2014, May will ask the joint ministerial committee (JMC) to fully commit to working together to enhance [...]
