Fitch upgrades Greece’s long-term currency rating to CCC August 18, 2015 Fitch has become more optimistic about Greece's ability to pay off its debt. Today, the ratings agency upgraded the country's long-term foreign and local currency ratings by one notch from CC to CCC. It said the change was down to an agreement reached last week by Greece and its European creditors to release [...]
London is leading the UK’s tech boom – but it needs immigration to stay ahead August 18, 2015 UK employment figures published by the ONS last week showed there's no shortage of workers across London and the rest of the country, but that doesn't mean they have the right skills to keep Britain ahead in some key sectors. Read more: London Technology Week: It's official – London's the capital of European tech [...]
If your doctor can’t prescribe you antibiotics, watching and waiting will be the only alternative August 18, 2015 From now on, we'll have to endure our sore throats and sniffles for as long as they choose to plague us – doctors in the UK have been advised against prescribing antibiotics as readily as they do at the moment, which means people with minor ailments will just have to sit back and wait for [...]
Calais migrant crisis: UK and France to sign deal for increased security August 18, 2015 Home secretary Theresa May will travel to Calais on Thursday to sign a deal with French interior minister Bernard Cazeneue on tackling the migrant crisis. Read more: The Calais migrant crisis shows why Europe needs a common migration policy and a new asylum system The ministers will agree to increase security measures for preventing [...]
Michelle Mone resigns from board of her “beloved Ultimo” August 18, 2015 Entrepreneur Michelle Mone posted a sentimental farewell to her “beloved Ultimo” on Twitter today, following her resignation from the board of the company she founded almost 20 years ago. Read more: Michelle Mone hits back at Katie Hopkins’ ‘asylum seeker’ slam She said it was time for the lingerie and swimwear brand to “flourish” [...]
Saudi stocks drop to seven month-low as weak oil prices knock confidence August 18, 2015 Saudi Arabia's Tadawul All Share Index dropped to its lowest value in seven months today, after the International Monetary Fund (IMF) issued a warning about the country's oil dependence. The index finished the day 2.85 per cent lower at 8,197.02 points, marking the sixth consecutive day of declines. Read more: Saudi Arabia's Tadawul stock [...]
Recruitment, tourism and marketing – these are the professions with the worst bosses August 18, 2015 The country's worst bosses can be found in the recruitment industry, according to a survey by Approved Index. By asking almost 1,400 employees across a range of industries about their relationships with their bosses, they discovered that this is the profession where people are most likely to quit because of a bad manager. [...]
These are the UK’s most popular chief executive names August 18, 2015 The most common name among FTSE 100 chief executives is David, with Michael and Simon falling into joint second place. Using data scraped from Reuters, City A.M. found that 17 of the UK's 100 biggest companies are headed up by a man with one of these three names. David is way in the [...]
Global M&A activity goes above $3trn for the year – and healthcare takes the crown August 18, 2015 The total value of global mergers and acquisitions has surpassed $3trn (£1.9trn) for 2015, according to figures released by Dealogic. It is the fastest this point has been reached since 2007, when total activity went above $3trn on 23 July. In 2014 the point was not passed until November. The deal that pushed [...]
Royal Dutch Shell gets final permit to drill for oil in Arctic Ocean August 17, 2015 The US Federal government has given Royal Dutch Shell a final permit to search for oil under the floor of the Arctic Ocean – an activity it has been banned from carrying out for two decades. The Anglo-Dutch oil and gas company has already been drilling in the area just off the northwest coast of [...]
