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 [...]
Lloyds job cuts: 9,000 to go in next three years as bank moves towards digital October 22, 2014 Lloyds Banking Group is set to cut 9,000 jobs over the next three years, amounting to a loss of over ten per cent of its workforce. An announcement next week will provide more detail on the cuts, which reflect the British bank's move away from consumer-facing services and towards digital banking. This will [...]
The Silk Road black market in drugs prevented violence and was a “transformative” criminal innovation October 22, 2014 The deep web black marketplace Silk Road, which was shut down last year, prevented violence associated with the illegal drug trade and represented a breakthrough in criminal innovation. So concludes a new study by researchers at the University of Manchester and the University of Montreal. Dubbed the "eBay" of drugs, the site was not, as [...]
British Airways pairs music and menus to make airplane food taste better with Lily Allen, Paolo Nutini and Coldplay playlist October 22, 2014 Foodies and music fans will enjoy British Airways' latest efforts to make the experience of flying a little less painful. After its seven-hour train film to settle sleepless passengers, as well as its “happiness blanket”, comes the “Sound Bite”. That’s the pairing of music with food menus in a way that is designed to improve the [...]
BAE takes flight in cyber security sector with $233m bid for SilverSky October 21, 2014 Defence firm BAE Systems is looking to expand into the cyber security sector with a $232.5m (£144.2m) bid for SilverSky. SilverSky, owned by US company Perimeter Internetworking, is a cloud-based security services provider with 5,500 customers in the financial services, retail, healthcare, energy, critical infrastructure and manufacturing sectors. It is focused mainly on the US [...]
BSkyB snaps up bigger stake in Sky Deutschland October 20, 2014 PAY TV group BSkyB said yesterday it would own at least 69 per cent of Sky Deutschland once the takeover period closes, after more minority investors than expected signed up for the offer. The UK’s dominant pay TV provider agreed in June to pay $9bn for Rupert Murdoch’s 57 per cent stake in Sky Deutschland [...]