London Tube strike called off after RMT union makes “substantial progress” October 9, 2014 The 48-hour Tube strike that was due to take place next week has been called off after unions said they had made “substantial progress” in talks. The strike had been scheduled to start at 9pm on Tuesday and run until 8:59pm Thursday evening, and had been called over the threat of around 900 job [...]
New space weather centre to protect UK businesses against solar flares October 8, 2014 The Met Office is opening the Space Weather Operations Centre in Exeter later today – a forecasting unit which will aim to protect the UK's economy and infrastructure against solar flares and other forms of extreme space weather. The centre will analyse images and solar activity data recorded by UK and US satellites and ground-based [...]
Tesco suspends Kevin Grace: Fifth executive leaves over £250m profit miss October 7, 2014 Tesco has suspended a fifth director over a shock discovery last month of an error in its accounts which meant first half profits were overstated by £250m. Kevin Grace, Tesco’s group commercial director, was asked on Monday to step aside as Deloitte and Freshfields carry out their investigation into what went wrong in Tesco’s accounts. [...]
Robert Walters: The recruitment boss who thinks your pay is set to jump in 2015 October 7, 2014 City jobs mogul Robert Walters tells Chris Papadopoullos why the future is bright Wages are a hotter-than-usual topic these days – at least as far as economists are concerned. The rate at which our pay goes up (or fails to) is said to hold the key as to whether the Bank of England finally [...]
Art review: Anselm Kiefer, The Royal Academy September 26, 2014 ★★★★★ A distant, solitary figure stands before the sea, arm raised in a Nazi salute. The title of the painting: Heroic Symbol. Ironic? Well, yes and no. For though Anselm Kiefer was no Nazi, there is genuine heroism in depicting this image, in recalling the past from the chasm of silence into which Germany fell [...]
Lloyd’s chairman John Nelson: We have global ideas and diversity will help September 25, 2014 With more than 325 years of history behind it, Lloyd’s of London is one of the City’s most venerable insurance fixtures – but that hasn’t prevented it from moving with the times, according to chairman John Nelson. “I’ve seen a lot more diversity here than when I started three years ago,” Nelson said, and [...]
Michael O’Leary proves he’s still good for laughs September 25, 2014 RYANAIR has the best shareholder meetings. Despite Michael O’Leary’s decision to “step out of the public spotlight”, he’s still good for quips when he gets in front of a crowd. Yesterday’s meeting in Dublin was no different. Tesco was first to get it in the goolies. When speaking about chief marketing officer Kenny Jacobs, O’Leary [...]
Why Sir Richard Broadbent could be next to checkout at Tesco after £250m profit overstatement debacle September 24, 2014 Things are always unnoticed until they’re noticed.” Those seven Rumsfeld-esque words could seal Sir Richard Broadbent’s fate as Tesco chairman. Responding to questions about the accounting debacle at Britain’s biggest retailer, Broadbent offered a painful reminder of how quickly events can spiral out of the control of even the grandest of grandees. The [...]
Four ways to get rid of fatigue at your workplace September 24, 2014 Yoga, sunlight and lots of small, fibre-filled meals could help. Few things kill office productivity as quickly as fatigue. And while the obvious answer is to get more sleep throughout the week, that isn’t always the most helpful advice for overworked City folk barely able to fit work drinks in between all-nighters at the [...]
London house prices make it the world’s most expensive city September 23, 2014 London is the world's most expensive city, according to a new report. High property costs (the average price just went over £500,000 according to the ONS), high transports costs and expensive drinks have long been the bane of Londoners, and now a new report from Savills, an estate agent, has calculated London to top its [...]