How Goldman’s cafeteria economics helps cut lunchtime queues short October 21, 2013 Tired of wasting your break waiting in line for food? Many of us in the UK are trying to spend less time queueing at lunch, with the average worker taking just 29 minutes before returning to work according to a OnePoll study. As you might expect, the smart guys at top investment bank Goldman Sachs [...]
Facebook updates plagued by glitches October 21, 2013 Users of social media site Facebook have been unable to update their friends this afternoon as the platform suffers from technological issues, with an error message stating that "there was a problem updating your status. Please try again in a few minutes". Doesn't matter which browser you use, or where you are – the problem [...]
Gove green-lights 3D printers in schools October 21, 2013 Education secretary Michael Gove has given the go-ahead for a £500,000 fund for 60 schools to buy 3D printers and train teachers to use them. This follows a project the Department of Education launched last year which funded 21 secondary schools to trial the use of 3D printers in science, technology, engineering, maths (STEM) as [...]
Fed’s Evans sees tapering delayed after Washington battle October 21, 2013 Federal Reserve dove Charles Evans has said that tapering is going to take longer as a result of the US government standoff, saying that the Fed "needs to do whatever is necessary". A little spin on the "whatever it takes" line we're so familiar with central bankers spouting. Evans said that he doesn't think about [...]
Mutual to own just 30 per cent of Co-op Bank after rescue plan October 21, 2013 The Co-operative Bank will cease to be majority owned by its mutual parent after a drastic rescue plan is finalised, according to reports by Sky News City editor Mark Kleinman. After revealing a £1.5bn capital black hole in June the troubled bank has looked for investment to plug the gap. This morning it announced that [...]
Starbucks appoints former Pizza Hut chief as new UK managing director October 21, 2013 Coffee company Starbucks has announced the appointment of Mark Fox as UK managing director of the company, effective from 6 January. Fox has over 20 years of retail operations and franchise experience, and was recently CEO of Pizza Hut UK. He's also worked with Compass brands in the UK and Ireland. Now he says that [...]
Pictures: Husky delivery service trialled in the City October 21, 2013 After Winter deliveries have been disrupted by adverse weather in previous years, same day courier CitySprint is now trialling a novel new delivery method in the City – packages via sled dog team. Trained huskies have been used in London today in an attempt to see if they could help minimise disruption caused by extreme [...]
Number of customers enquiring about energy provider switches doubles as prices rise October 21, 2013 Citizens Advice has announced that the number of energy queries it has received has doubled follow recent price rise announcements. So far SSE, British Gas and Npower have announced rises of 8.2 per cent, 9.2 per cent and 10.4 per cent respectively. That customers are enquiring about switching provider is clear evidence that many are [...]
Gold bulls push back in wake of US debt figures October 21, 2013 According to CNBC's latest poll of traders, analysts and strategists, gold is set to rise in price over the course of the week. 52 per cent expect gold to rise this week with 39 per cent expecting a decline. Just nine per cent believe gold will trade around current levels. IG Markets' positioning data of [...]
Legoland operator plans float with 30 per cent ticket discounts for shareholders October 21, 2013 UK theme park operator, Merlin entertainments has announced plans for an initial public offering. The company will apply for admission of its shares to the premium segment of UK Listing Authority and to trade on the market of the London Stock Exchange. Merlin operates 99 attractions including Alton Towers, Thorpe Park and Legoland. In 2012 [...]
