Lloyds Banking Group to cut 1,000 jobs as restructure continues November 25, 2015 Lloyds Banking Group is slashing another 1,000 jobs tomorrow, as part of the bank's plans to restructure to a more digital focus. The bank will be officially announcing the job cuts, which will be spread across all operations, tomorrow according to sources to Sky News. The state-backed banking group set a target to reduce its [...]
Autumn Statement 2015: Everything you need to know about the apprenticeship levy to raise £3m from businesses November 25, 2015 George Osborne today announced an apprenticeship levy, to help fund employer apprenticeship schemes and "invest in Britain's future." What is it? The levy will be introduced in April 2017 at a rate of 0.5 per cent of an employer’s paybill, and will deliver three million apprenticeships starting by 2020. In the last parliament, 2.4 million apprenticeships were delivered by the government. Employers [...]
Autumn Statement and Comprehensive Spending Review 2015: Housing set to dominate – as well as what time it starts, how to watch it and what will be in it November 25, 2015 Later today George Osborne will take to the despatch box to give his combined Autumn Statement and Comprehensive Spending Review. George Osborne has already tweeted the front cover of the document, saying it will "deliver economic and national security – the foundations of everything we do". Today's Spending Review will deliver economic and national security – the [...]
Genel Energy and New Age in early stages of merger talks November 24, 2015 Genel Energy, which is chaired by former BP boss Tony Hayward, today entered merger talks with exploration group New African Global Energy (New Age). According to Sky News, the two companies are in the early stages of discussing a merger that could be worth £2bn, although sources added the talk was just one of many [...]
EU referendum: Leave.EU founder Arron Banks tells Vote Leave’s Matthew Elliott he wants a merger November 24, 2015 The millionaire founder of an anti-EU organisation has made a direct appeal to a rival campaign, saying that a merger would be in their best interests. The Leave.EU campaign said earlier today that its founder, Ukip donor Arron Banks, had sent a letter to Matthew Elliott, the campaign director of Vote Leave, another Eurosceptic group, [...]
Biffa in secret sell off talks: Waste management firm to go on sale for £1bn? November 23, 2015 Waste management firm Biffa is has been courting prospective buyers, giving itself a price tag of £1bn, Sky News has reported. The company is this morning set to report its half-year earnings, reportedly up by 19 per cent to £67.2m, with full-year profit expectations revised upward to £119m. Biffa is rumoured to have asked any [...]
Parabis Group administrators appointed, as business broken up and sold on November 23, 2015 AlixPartners has today revealed that three of its directors have been appointed joint administrators for legal services provider Parabis Group. Peter Saville, one of the administrators, said: “Despite the receipt of further support from its financial stakeholders, the Group was unable to resolve its cash flow issues and sought to market itself for sale. As [...]
Legal services business Parabis Group to enter a pre-pack administration process November 22, 2015 Legal and professional services provider Parabis Group is to be broken up and sold off as part of a pre-pack administration process, Sky News reported late on Saturday. Sources told Sky News that the move would save “all but a handful” of the 2,000 jobs at the company and the sales would raise just over [...]
Now Sky’s doing virtual reality reporting – with help from the Silicon Valley VR startup Jaunt it invested in November 19, 2015 Sky is the latest media company to embrace the brave new world of virtual reality, following in the footsteps of the New York Times across the pond. Its news channel has produced a video report, called Migrants Crisis – The Whole Picture, which can be experienced by viewers virtually, placing them deeper wihin the story. Touted as [...]
FTSE 100 index opens up on Royal Mail, Johnson Matthey and miners November 19, 2015 The FTSE 100 opened 0.7 per cent higher this morning, at 6,322 points, led by gains in Royal Mail, Shell, BG and Johnson Matthey. Royal Mail's share price increased 4.1 per cent to 18.6p as markets opened , after reporting progress in its cost-cutting programme, which left revenue largely flat against difficult market conditions. The company reported [...]