Team Sky withdraws Colombian rider for a second time, while Mark Cavendish hits front in Tour of Croatia April 20, 2016 Team Sky have withdrawn Colombian rider Sergio Henao from competition for a second time after he was told he faces further investigation into his blood values by the Cycling Anti-Doping Foundation. Henao, who missed three months owing to a similar probe in 2014, has not failed a drug test and had been due to ride [...]
Rents are rising faster in London skyscrapers than in any other global city April 20, 2016 We already knew rental prices for London office space was pretty high – but it turns out that the higher up your office is, the faster your rents are rising. Figures from Knight Frank suggest rents in London's skyscrapers – including the Shard, the Cheesegrater and the Walkie Talkie – rose 9.7 per cent in the [...]
Sky News loses Gherkin presence after six years in the heart of the City of London April 19, 2016 Sky News has lost its presence in the Gherkin after six years. The broadcaster's business coverage is now being shot in its Millbank and Osterley studios. Read more: Mapped: Londoners are sick of all the skyscrapers City A.M. understands Sky News's landlord activated a break clause forcing the broadcaster to leave the City of London this month. Sky [...]
Department of Business, Innovation and Skills defends board member who approved BP boss’ pay bonanza April 18, 2016 The Department for Business, Innovation and Skills (BIS) is standing by the BP director who backed the mammoth executive pay deal that triggered a shareholder revolt last week. Professor Dame Ann Dowling – who serves on the government department’s board as well as chairing the oil giant’s remuneration committee – sanctioned the £13.8m pay package [...]
Business travellers end up spending even more than regular holiday makers, with workers losing an average £142 in unclaimed expenses on each trip April 18, 2016 From business class to spirits in the sky, you might think your company card goes a long way on a business trip – but a new study into our spending habits has revealed that we're wasting our own money when we travel for work. UK travellers aren't great at sticking to the budgets set by their employers: around 83 per cent [...]
EU referendum: Treasury’s Brexit claims rubbished by Vote Leave MP John Redwood April 18, 2016 Conservative MP and Vote Leave campaigner John Redwood has rubbished the Treasury's claims that a Brexit would cost each household £4,300 a year as "absurd". Last night it emerged the government department's analysis into the impact of the UK leaving the European Union – which was published today – would show that Britain's national income could be six [...]
Week ahead: Economic data and miners set to drive FTSE April 18, 2016 Investors will be wading through economic data this week, with the March unemployment report out on Wednesday and the latest retail sales and public finance figures due Thursday. On Friday the FTSE 100 index was down 21.35 points, or 0.3 per cent, at 6,343.75 points by the close, broadly in line with the European market. [...]
What life is really like as an ethical hacker at one of the world’s biggest tech companies April 15, 2016 Charles Henderson gets paid to think like a bad guy. As an ethical hacker for IBM, Henderson's job is to break into networks, applications, or physical locations to figure out how a real attacker would go about their work, exposing flaws and the impact those flaws might have on an organization's security. Given the increase [...]
Investors could be warming up for another shareholder spring, as BP’s chief executive Bob Dudley has near $20m pay packet voted down April 14, 2016 Blue chip companies have reached the “last chance saloon” for outlandish boardroom pay packages, as leading investors warm up for what could be another shareholder spring following Thursday’s rejection of BP’s $20m pay deal for CEO Bob Dudley. An unprecedented 59.29 per cent of BP shareholders voted against Dudley’s proposed $19.6m (£13.8m) remuneration package, which [...]
The Jungle Book review: An all-star revival of a family classic with a monkey so unfathomably large it will blow your mind April 14, 2016 Dir. Jon Favreau | ★★★★☆ Think about the biggest monkey you’ve ever seen. Now double it. Now make it seven feet taller. Now triple it. Hold on, slow down, are you mad? That monkey’s much too big. But dial it down just a notch or two and you’ll be picturing an ape on par with [...]