More than one in three City workers moved jobs last year amid frustration over career progression November 21, 2019 The scale of churn in the City has been brought to light today, with new data showing almost 40 per cent of professionals in the Square Mile moved jobs last year. Frustration over a lack of career progression was the chief cause for switching jobs among financial workers in 2018, according to the latest financial [...]
Ten arrested in London over £15m money laundering plot November 20, 2019 Ten suspected members of an organised crime group were arrested in London today on suspicion of flying roughly £15.5m out of the UK to Dubai hidden in suitcases. National Crime Agency (NCA) officers, who arrested the suspects in a series of raids across the capital this morning, said they believed the group also tried to [...]
Death Stranding review: Hideo Kojima’s game about delivering parcels hits dizzying highs and terrible lows November 20, 2019 There’s an entire genre of games disparagingly referred to as “walking simulators”. In most of them, walking is simulated in only the most rudimentary of ways – you tend to glide about the place, looking at sunsets and picking up fruit. Japanese auteur Hideo Kojima has created a true walking simulator, a game in which [...]
TfL deficit shrinks thanks to Ulez and increased Tube numbers November 20, 2019 Transport for London’s (TfL) first half revenues beat budget expectations by £260m, but the body still recorded a nine-figure deficit for the period. TfL’s second quarter results, released today, revealed a £111m operating loss for the first half of 2019-20 – a deficit reduction of 40 per cent compared to the same period in 2018-19. [...]
Elon Musk to face defamation trial over ‘pedo guy’ comments November 20, 2019 Tech billionaire Elon Musk will appear in court to face a defamation lawsuit after he referred to a British diver as “pedo guy” on Twitter. A Los Angeles judge today denied Musk’s request to throw out the case and ordered the trial to begin on 3 December. Read more: Brexit has cost Britain a Tesla [...]
UK music industry brings £5bn to economy thanks to boom in live shows November 20, 2019 The UK music industry contributed £5.2bn to the economy last year, boosted by sell-out live performances by hit acts such as Stormzy, Ed Sheeran and Dua Lipa. The live music sector contributed £1.1bn of this sum, up 10 per cent on the previous year, according to figures published today by industry body UK Music. Read [...]
General Election 2019: Liberal Democrats pitch party as ‘natural home of business’ November 20, 2019 The Liberal Democrats are pitching themselves as the “natural home of business” with a slew of policies due to be unveiled in the party manifesto that it claims will bolster the UK’s economy. Warning of challenges including artificial intelligence, climate change and Brexit, the Lib Dems argue that the two main parties are backwards looking [...]
Poll: UK house prices won’t match low inflation until 2021 November 20, 2019 UK house prices will not match low inflation until 2021 and are set to fall in London this year as buyers are put off by continuing Brexit uncertainty, according to new research. House prices in the capital will fall 1.5 per cent this year and only hold steady in 2020, a poll by Reuters found. [...]
Google admits major underreporting of General Election ad spend November 20, 2019 Google has admitted to severely underreporting spending on UK political advertising ahead of the upcoming General Election, with errors affecting both the Conservative and Labour parties. Google’s weekly transparency reports on advertising spending by political parties and other organisations contain major discrepancies because heavy spending on search terms is not always recorded, The Guardian reported. [...]
HSBC investment banking boss to lose role in shake-up November 20, 2019 HSBC’s investment banking boss is reportedly set to be replaced as part of a shake-up under interim chief executive Noel Quinn. The lender’s head of global banking and markets Samir Assaf is to be moved to a non-executive role, according to the FT. Read more: Softbank in talks over KPMG’s private members club Assaf has [...]