Euribor trials: European arrest warrant to be requested for the five traders who declined to appear at court hearing in January March 17, 2016 Five traders who have been accused of playing a part in manipulating the Euro Interbank Offered Rate (Euribor) might soon be making their way to the UK to face charges. It is understood that the Serious Fraud Office (SFO) will tomorrow approach a London court seeking an European arrest warrant for five individuals who declined to [...]
TalkTalk customers can now talk their way into their accounts using voice biometrics March 17, 2016 TalkTalk customers can now access their accounts through voice recognition, just months after the telecoms company lost hundreds of thousands of customer's personal details in a massive hack. Customers calling the company will be asked to speak a phrase instead of entering a password or PIN. The first time a customer calls TalkTalk they will be [...]
Cheltenham Festival 2016: Thistlecrack and Vautour prove their star quality March 17, 2016 Jockey Tom Scudamore hailed Thistlecrack as the best horse he has ridden after the Colin Tizzard-trained eight-year-old justified his favouritism with an emphatic World Hurdle victory at the Cheltenham Festival. The season’s dominant staying hurdler left all but one of his rivals trailing and surged clear of Alpha Des Obeaux just before the last jump [...]
Work in Canary Wharf? Its new art walking map will change how your spend your lunchtime – and you could get a free Fitbit too March 17, 2016 Canary Wharf's overlords reckon its bankers don't get out enough. What with underground walkways, long working hours and exercise bikes installed next to bankers' desks at Barclays, it's no wonder Canary Wharf Group thinks its workers have no idea what the estate looks like in broad daylight. To encourage them to get out more, the firm has drawn up [...]
M&G backs £200m Snowhill scheme in Birmingham, as part of a 20 year master plan to turn the area into a business hub March 16, 2016 Fund manager M&G real estate has swooped in to back the £200m construction of Birmingham's Three Snowhill, in what will be one of the largest city office schemes to be built outside London. The 420,000 square feet building, which is being built speculatively by developers Ballymore, is part of a wider 20-year master plan to [...]
Cheltenham Festival 2016: Rich Ricci’s £20,000 gamble pays off as Annie Power banishes bad memories with Champion Hurdle win March 15, 2016 Jockey Ruby Walsh toasted Rich Ricci’s five-figure gamble after Annie Power put last year’s heartache behind her with a dominant win in the Champion Hurdle on the first day of the Cheltenham Festival. The mare was only entered into the race last week at a cost of £20,000 to former Barclays investment banking chief Ricci [...]
Barclays gives top bosses, including new chief executive Jes Staley, £8.7m in shares March 15, 2016 Barclays revealed today that it slashed the value of shares awarded to its top bosses this year following a drop-off in share price, handing new chief executive Jes Staley and others stock worth £8.7m – nearly half of the £16.4m announced in March of last year. Barclays said the total number of shares awarded to directors and senior executives today was [...]
Berenberg warns investors should be underweight Britain’s big banks, including Barclays, Lloyds and Royal Bank of Scotland (RBS) March 15, 2016 Analysts at Berenberg have said investors should be wary of Britain’s big banks, amid expectations that mortgage profitability will fall below 10 per cent. “We think interest rates will remain at low levels and, as a result, expect mortgage margins to fall by six basis points per year,” Berenberg’s banks team said in a note [...]
How to become an Isa millionaire: Embrace consistent saving and the wonders of compounding to make a million without clever stock picking March 15, 2016 It sounds like an unachievable dream, but people with more than £1m within their Isa are not quite as rare as you might think. Last March, Barclays Stockbrokers revealed that 67 of its clients had already achieved that financial milestone, while Telegraph research put the total number in the UK at around 200. Although Isas have only [...]
Cheltenham Festival 2016: Where to people-watch and be seen at the races this week March 14, 2016 “In terms of the City, it’s huge," was the view of Peter Burrell, chief exec of jockey Frankie Dettori’s manager Seven Stars, on the topic of Cheltenham Festival when The Capitalist caught up with him last week. Ascot may have royal prestige, but the races in Gloucestershire are designed with city slickers in mind. Whether it’s [...]