Could magic mushrooms fix your brain? We try Europe’s first legal psychedelic therapy retreat July 24, 2019 Ten of us sit in a semicircle around a makeshift altar. In front of us lies a small statue of Buddha, various rocks and crystals, some pine cones, a carved mushroom, a small chemists’ weighing scale, and a wooden bowl filled with psychedelic ‘truffles’. We’re in a lodge on the outskirts of Amsterdam overlooking woodland [...]
Metro Bank drafts in new non-exec director ahead of results July 24, 2019 Metro Bank has appointed a former senior Bank of Ireland boss to be its latest new independent non-executive director, as the troubled lender ramps up its management reshuffle following a tumultuous six months. Michael Torpey, a former senior executive at Bank of Ireland, is set to to join Metro Bank’s board in September, becoming the [...]
Freefall: Boeing makes $3.4bn loss on 737 Max grounding in second quarter July 24, 2019 Boeing this afternoon posted a $3.4bn (£2.7bn) quarterly loss, as it continues to struggle with mounting costs relating to the grounded 737 Max plane. The massive losses come after Boeing’s surprise announcement last week that it would set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the jet’s grounding. Read more: Boeing [...]
Prime Minister Boris Johnson moves to mend relationship with UK business July 24, 2019 Boris Johnson has moved to rebuild his relationship with the business community by hiring Sky executive Andrew Griffiths as part of his Number 10 team. A source close to Griffiths said Johnson’s appointment of the Sky veteran – who most recently served as the broadcasting giant’s chief operating officer – was “a clear sign of [...]
Metro Bank’s Vernon Hill to step down despite saying he’d die in job July 23, 2019 Metro Bank is set to part ways with its controversial chairman and co-founder Vernon Hill just two weeks after he said he would “probably die” in the role. Read more: Metro Bank drafts in two senior directors The high-street lender will announce it is launching a search for a new chairman when it posts its [...]
Ranked: These are the UK’s worst broadband and mobile firms July 23, 2019 Plusnet has topped a list of highest number of complaints for a broadband provider for the second quarter in a row. The Sheffield-based telecoms firm received 31 complaints per 100,000 customers between January and March, according to figures published today by regulator Ofcom. Read more: Which telecoms companies have the worst customer service? Plusnet was [...]
Lloyds to pay £140m to settle Standard Life Aberdeen row July 22, 2019 Lloyds Bank is to pay Standard Life Aberdeen (SLA) around £140m in a settlement that could end their long-running dispute over an asset management contract. Read more: Standard Life Aberdeen wins dispute with Lloyds The Edinburgh-based investment company would keep control of £30bn of assets for three years as well as receiving the cash payment, [...]
Who joins Lloyds Bank on this list of cheap UK shares to buy? July 22, 2019 By Graeme Evans from interactive investor. Performance of UK-exposed stocks is at an eight-year low and this is the cheapest region around. Cheap-looking UK-focused stocks were in the spotlight as asset managers increasingly turn their attention to Europe in the face of darkening skies for global equities. The attraction of European equities was highlighted by UBS in an [...]
Metro Bank confirms £500m Cerberus loan sale talks July 22, 2019 Metro Bank shares rose more than three per cent this morning as the lender confirmed it is in talks to offload a portfolio of mortgages to a US hedge fund. The bank is reportedly preparing to sell £523m of buy-to-let mortgages back to Cerberus in order to strengthen its loanbook, after buying the mortgages off [...]
Game of drones: The founder of SenSat on solving construction problems by simulating reality July 22, 2019 “The internet connects all human knowledge, and for the first time in history, we can connect that human knowledge to the actual world we live in through our computers.” It’s at this point during my conversation with James Dean, the cooly-named co-founder of SenSat, that I start to grasp how ground-breaking his technology really is. [...]