HSBC expected to unveil thousands of job cuts June 1, 2015 HSBC is expected to unveil thousands more job cuts as the lender attempts to improve profitability. Chief executive Stuart Gulliver is thought to be planning to reveal plans to slash as many as 20,000 jobs at an investor presentation next week, Sky News reported. The scandal-hit bank has been under pressure from shareholders in recent months. [...]
Bad weather forces Solar Impulse 2 to take a break in Japan June 1, 2015 Solar Impulse 2 has had to take a short break from its round-the-world flight due to dangerous weather conditions. The fully solar-powered plane is landing at Nagoya airport in Japan before making its way across the Pacific ocean. The pilot was just 36 hours into a journey expected to take six days when the emergency [...]
The Cayman Islands: The least taxing holiday you will ever have May 31, 2015 Robert moved to the Cayman Islands after three years of working as an accountant in London. It was the best decision he ever made: “What’s there to miss? The freezing British winter? Commuting from Platform 10 of Clapham Junction? Here it’s tax-free so I get to keep my income.” Favourable tax laws aren’t the [...]
RBS joins Barclays in search for new corporate brokers May 28, 2015 Two of Britain’s biggest banks are both now searching for new corporate brokers, City A.M. understands, in a shake up of the sector’s relationships with the investing marketplace. UBS and Morgan Stanley are RBS’ current corporate brokers. UBS, it is understood, is highly unlikely to repitch for the role because of existing privatisation work it [...]
BT to reveal subscription prices for European Champions League coverage May 28, 2015 BT Sport is close to announcing a payment structure for subscriptions to its upcoming exclusive live coverage of the European Champions League. The broadcaster began showing Premier League matches during the 2013-14 season. It has since upped its football offering by paying £897m to show the Champions League for the next three seasons. Industry sources [...]
As Wembley gets 4G, should football clubs offer wifi? Why Arsenal, Manchester United and Chelsea should look to Kansas for connectivity inspiration May 28, 2015 Just a handful of football clubs offer fans fast smartphone connections despite growing pressure to install the technology. But how does the footy tech race impact fans and clubs? Arsenal and Aston Villa fans flooding Wembley Stadium for the FA Cup Final are unlikely to be stuck for a smartphone signal after telecom giant [...]
George Galloway announces bid for London mayor May 28, 2015 George Galloway has become the latest candidate in a crowded field vying to succeed Boris Johnson as Mayor of London. Johnson will be stepping down as mayor in next year's election, after he was elected to represent Uxbridge in Parliament. Read more: Who's running to be the next London Mayor? Galloway tweeted the announcement, urging [...]
Sir Roy Gardner primed to take the hot seat at struggling Serco May 27, 2015 SERCO will appoint Sir Roy Gardner as its new chairman, replacing Alastair Lyons. Gardner has previously served as the chairman of catering giant Compass, and is currently a non-executive director at bookmaker William Hill. He was also on the board of Manchester United when it was listed on the London Stock Exchange. Sky News reported [...]
Snapchat to list after rejecting Facebook offer May 27, 2015 EVAN Spiegel, the co-founder and chief of the billion-dollar app Snapchat, has said the company is planning an initial public offering (IPO). “We need to IPO,” the 24-year-old told a tech conference, ruling out an acquisition by a larger company. Spiegel did not divulge the time frame Snapchat is following to take the hugely popular [...]
Snapchat IPO: Founder Evan Spiegel reveals plans to take messaging app public May 27, 2015 Evan Spiegel, the co-founder and chief of the billion-dollar app Snapchat, has said the company is planning an IPO. "We need to IPO," the 24-year-old told a tech conference, ruling out an acquisition by a larger company. Spiegel did not divulge the time frame Snapchat is following to take the hugely popular app public, but [...]