Central London property investment soars after General Election January 17, 2020 Investment in central London’s office market soared in December, after the result of the General Election sparked a flurry of deal activity. The £4.9bn invested in the fourth quarter of last year was a 125 per cent jump on the amount invested in the previous quarter and was on par with 2018. The Conservative general [...]
Lekoil fraud scandal firm says it will help investigation January 16, 2020 The consultancy which is alleged to have brokered Lekoil’s loan deal with a Qatari wealth fund has issued a statement announcing its own investigation into the matter. Seawave Invest, which West African oil explorer said it had paid $600,000 for introducing it to the individuals “purporting to be the [representatives] of the Qatar Investment Authority (QIA)” [...]
Businesses urged to support employees seek settled status, or risk ‘catastrophic’ consequences after Brexit January 15, 2020 Businesses are being urged to ensure their employees apply for settled status as soon as possible, or risk losing up to a fifth of their workforce, with more than a million Europeans still yet to do so. A third of UK-based EU nationals, of which the vast majority are in employment, have failed to secure [...]
Shares in listed law firm Ince halve after £12m placing January 15, 2020 Shares in listed law firm Ince Group plunged nearly 50 per cent today after the firm raised £12m via a share placing. The firm’s share price plunged 47 per cent today on the placing at 45p, falling from 89p at yesterday’s close to 47p today. Ince – formerly Gordon Dadds – became the second English [...]
Fintech can be the silver bullet to banking the UK’s unbanked January 15, 2020 Can new technology help the 1.23m people in the UK who don’t have a bank account? And could it improve the lives of the 10–12m who still struggle to access affordable loans? New research suggests that the answer to both those questions is yes. It is all thanks to London’s booming fintech sector — one [...]
Iran protesters take to streets for third day after shooting down of plane January 13, 2020 Protesters have taken to the streets of Iran for a third day running, as outage over the authorities’ admission it accidentally shot down a Ukranian airliner, despite repeated denials that Iranian forces were responsible. Demonstrations in the country began on Saturday following the Iranian military’s admission that it had mistakenly shot down the plane, killing [...]
Harrods security guards vote on strike action January 13, 2020 Harrods security guards have begun to ballot for strike action today following a dispute between union members and management over pay. Members of Unite will decide whether to launch industrial action over a below inflation pay rise and unpaid work. Read more: Man charged with murder for fatal Harrods stabbing The union said members are [...]
Hitachi Rail to slash 250 jobs at County Durham factory January 9, 2020 Hitachi Rail has announced that it will cut 250 jobs from its train factory in County Durham. The Newton Aycliffe plant, which opened in 2015, will make almost a quarter of its staff redundant following a 45-day consultation process with employees. Read more: Hitachi closes in on £200m West Coast franchise deal The Japanese conglomerate [...]
The best (and weirdest) new gadgets from CES 2020 January 9, 2020 As difficult as it is to believe, 2019 has actually ended, slinking out of time’s backdoor like a scolded cat and into the history books under a chapter titled ‘Bloopers and Outtakes’. Of course, the annual changing of the calendar guards heralds many things – reflection, resolution, vegan steak bakes – but it’s also a [...]
Brexit and election uncertainty knock hole in Robert Walters’ UK profit January 9, 2020 Robert Walters’ share price dropped today as it revealed a huge 23 per cent dent to UK profits as a result of a rollercoaster year of political uncertainty in 2019. UK gross profit fell from £26.8m in the fourth quarter of 2018 to £20.7m in the corresponding period last year. Read more: Time too short [...]