Tesco share price rises as it confirms Serious Fraud Office has launched a criminal investigation October 29, 2014 The Serious Fraud Office has launched a formal criminal investigation into accounting errors at Tesco which led to a £263m profit black hole. Despite that, shares rose 2.6 per cent in mid-afternoon trading. The SFO had previously said it was “following developments at Tesco with interest” after the supermarket’s profit overstatement was first revealed in [...]
Sohei Nishino’s dazzling Diorama Maps return to the Michael Hoppen Gallery October 28, 2014 The ancient art of map-making is hardly an art at all; minute precision and scientific attention to detail are the sacred virtues of the cartographer. But imagine a map of a different kind, one that reveals not the brute fact of a city’s physical landscape but the energy of its bustling streets. These are [...]
Ukip mapped: Nigel Farage is most popular in areas where immigration is lowest October 27, 2014 On Monday, defence secretary Michael Fallon aired what he believed to be some of the public's concerns around immigration. Speaking on Sky News' Murnghan programme, Fallon said some towns on the east coast of England feel they are "under siege" and "swamped" by migrants. That phrasing failed to impress Downing Street, which was quick to [...]
Defence secretary in climb down following anti-migration gaffe October 27, 2014 DEFENCE secretary Michael Fallon has been forced to admit he should have chosen his words more carefully, after claiming that British towns are “swamped” with immigrants during a television interview. Speaking on Sky’s Murnaghan programme yesterday, Fallon said: “In some areas, particularly on the east coast, yes, towns do feel under siege from large numbers [...]
Ten tenants chasing every rental property in London as costs rise October 27, 2014 RENTING in London is notoriously fraught, but now new figures back up the tales of woe, as experts claim there are 10 tenants chasing every rental property in the capital. And while competition for properties is on the up, prices are rising too, with rent up nine per cent year on the year compared with [...]
Tory cabinet minister: Coastal towns “under siege” from EU migrants October 26, 2014 Conservative cabinet minister Michael Fallon has said some towns on the east coast of England feel they are "under siege" and "swamped" by migrant workers. The defence secretary was responding to German Chancellor Angela Merkel's rejection of any substantive change to Britain's EU membership to limit the free movement of people. “Germany will not tamper [...]
Sport Comment: Hoddle blocked by familiar face October 23, 2014 LONDON’S football scene can be incestuous, rather like the Square Mile, where every leading financial operator is likely to know a very large percentage of his City peers. Football’s intertwined fraternity was nicely illustrated in recent weeks when Tim Sherwood has been firmly linked with Harry Redknapp’s job at Queens Park Rangers. Harry managed Tottenham [...]
Luke Johnson steps down from Metro Bank board October 23, 2014 Serial entrepreneur Luke Johnson has resigned his position as a non-executive of Metro Bank. Johnson told Sky News that the time commitments now required for the role were becoming too great for him to maintain his position at Britain's first new high street bank for over 100 years. He joined Metro Bank in 2011. Johnson made [...]
Lloyds to chop 9,000 staff to save more costs October 22, 2014 LLOYDS Bank is planning to cut another 9,000 jobs, on top of the 15,000 the lender has chopped since 2011, it emerged last night. The new round of cost cutting will hit another 10 per cent of the workforce, according to Sky News. Analysts believe the bank has far too many branches to be efficient. [...]
Froome ready to miss next year’s Tour de France October 22, 2014 BRITAIN’S Chris Froome has dropped a major hint that he is planning to skip the Tour de France next year, after the route for cycling’s most prestigious race was revealed yesterday. Froome, who became only the second Briton in history to win the Tour in 2013, said the mountain heavy route made him minded to [...]