Lloyds Banking Group closes another 15 branches September 12, 2018 Lloyds Banking Group today announced the closure of another 15 branches as the steady whittling down of the British bank network continues. Britain's biggest retail bank said 23 jobs will be at risk, with the closures taking place between January and March 2019. The bank is aiming for none of the job losses to be [...]
The decision to include international students in the migration target is a missed opportunity for sensible reform September 12, 2018 International students coming to study in the UK should still be counted in the government’s net migration target. That was the conclusion from the Migration Advisory Committee published yesterday and a disappointment to those of us who have been calling for reform. Over 750,000 students come from abroad to study here each year, paying higher fees [...]
Slaughter and May hires former Serious Fraud Office head David Green as senior consultant September 11, 2018 The former head of the Serious Fraud Office, David Green, has confirmed his move to magic circle firm Slaughter and May after months of speculation. Green left the government agency in April this year after six years at the helm and was replaced by former FBI lawyer Lisa Osofsky. Slaughter and May said Green [...]
Commute, coffee, after-work drinks: Londoners spend the most money on work-related expenses September 10, 2018 How much did you spend on your lunch today? What about after-work drinks? And getting home? If you’re making daily trips to a trendy new sandwich bar every lunchtime, it might be time to rethink your spending: according to new data, Londoners have the priciest work-related outgoings in the UK. While the average Brit spends [...]
Boris Johnson compares Chequers deal to ‘suicide vest’ as open warfare between top Tories breaks out September 9, 2018 Former Foreign Secretary Boris Johnson has deepened bitter divisions within the Conservative Party this morning, after claiming that Theresa May’s Brexit plan would put the UK constitution in a “suicide vest”. The damning jibe provoked a furious backlash among a number of senior party figures, laying bare the current internal splits that Tories face as [...]
Tesla’s shares dive on executive departures while Elon Musk smokes weed on podcast September 7, 2018 Tesla shares dived in pre-market trading as two executives quit the company today, with one resigning after just a month, citing public attention. The announcements came on the same day as outspoken entrepreneur and Tesla CEO Elon Musk appeared online smoking marijuana. Tesla shares fell by up to eight per cent in pre-market trading after chief accounting officer [...]
Asset management group Ashmore to open Ireland office ahead of Brexit September 7, 2018 Asset management firm Ashmore is establishing an Irish subsidiary as part of its Brexit contingency planning. The emerging markets investment manager, which is headquartered in London, will open the office in order to continue serving clients after Britain leaves the European Union. Read more: John Laing Group share price jumps amid profit surge The new [...]
Asda ends price guarantee scheme as it eyes lower prices after Sainsbury’s merger September 6, 2018 Asda has joined the rest of the big four in ending a price guarantee initiative, saying it is "less relevant" to customers. The tool will be available until 3 October this year, and customers will still be able to redeem their vouchers for 28 days from the date they receive them. The grocer's chief customer [...]
Q&A: What will Brexit’s impact be on the Premier League? September 5, 2018 Leading immigration lawyer Owen Jones assesses the possible consequences of Brexit on the Premier League. What's the issue? A key uncertainty around Brexit is to what extent, if any, EU nationals should be given immigration advantages. Read more: New poll says UK would vote against Brexit today It has been rumoured that the government favours [...]
RBS prunes another 54 branches from its network of high street banks September 5, 2018 Royal Bank of Scotland is to close another 54 branches, expecting to make 259 people redundant. The closures, which will take place in January, come after the announced closure of 162 branches, resulting in an expected 792 redundancies. They are a consequence of RBS deciding against spinning off two banks as a challenger bank operating [...]