Aberdeen Asset Management said to be further diversifing as Bank of England backs stress tests December 2, 2015 Aberdeen Asset Management, having recorded outflows of £12.6bn over the three months to the end of September, is reportedly eyeing up bond fund manager Rogge Global Partners. Aberdeen is one of three potential firms that could bid for Rogge, following financial services group Old Mutual putting it up for sale, it was yesterday reported by [...]
Manchester United legend Gary Neville appointed Valencia manager December 2, 2015 Gary Neville has been appointed head coach of Spanish team Valencia until the end of the season. The position is the Sky Sports pundit and former Manchester United and England defender's first ever senior role in coaching or management. Neville has worked as an assistant coach to Roy Hodgson for England since 2012, holds a [...]
Ofcom warns BT that internet status quo is likely to change as Vodafone, TalkTalk and Sky pile on the pressure December 1, 2015 OFCOM yesterday said Britain is doing well in rolling out superfast broadband compared with other major European economies, yet it added that the status quo in the industry is likely to be altered. Service providers, such as TalkTalk and Sky, have demanded that Openreach, which provides the infrastructure connecting people to the internet, be spun [...]
Broadband battles: BT and Virgin Media trade blows over the government’s broadband delivery scheme December 1, 2015 Join us for the latest act in the telco giant drama: Virgin Media has lashed out against the government’s broadband scheme, complaining it gives BT an unfair advantage to the tune of hundreds of millions of pounds out of taxpayers’ pockets. BT and the Department of Culture, Media and Sport (DCMS) have hit back at claims, [...]
Consumer confidence edges down from sky-high levels November 27, 2015 Consumer confidence has come off the boil, according to survey figures released this morning, but remains at historically high levels. The consumer confidence index produced by pollsters YouGov and the Centre for Economics and Business Research (CEBR) dropped to a score of 113.6 this month – its lowest since June this year. A separate index produced [...]
Screening service Check4Cancer beats crowdfunding target on Syndicate Room and raises £550,543 November 26, 2015 Cancer-screening service Check4Cancer has beaten its funding target on crowdfunding platform SyndicateRoom, having raised £550,543 – 110 per cent of its original target of £4,99,936. Check4Cancer, which offers early screenings to check for cancer using technology not available on the NHS, is available for private clients in the UK, and was looking for investment to grow. The company will use the [...]
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 [...]