Ignore the costumes, the Eurovision Song Contest is serious business May 13, 2016 Eurovision isn’t all fun. It’s serious business, too. SVT, Sweden’s national broadcaster has set aside a budget of £11m for this year’s show. But the cost of Eurovision has been larger-still for some countries. Vienna, last year’s hosts, spent £28m while the Baku extravaganza of 2012 cost an eye-popping £48m. Even participating can be prohibitively [...]
Ryan Bertrand’s secret second career as a fintech entrepreneur – and John Terry is backing his latest venture May 11, 2016 The history of football’s relationship with technology is a chequered one, from the game’s long resistance to implementing goal-line gadgetry to the tale of former Aston Villa striker Darius Vassell taking a power drill to his toenail in the misguided belief that it would relieve pain. Ryan Bertrand hopes to change that perception. When he is [...]
Before the bell: What you need to know before the US market open May 11, 2016 US stocks are set to open down after pulling in strong rises yesterday. The S&P is down by 0.12 per cent in the pre-market, the Nasdaq is 0.1 per cent lower, while the Dow is 0.2 per cent off. It's been a poor showing so far from European markets, coming off the back of a disappointing trading [...]
City Moves for 11 May 2016 | Who’s switching jobs May 11, 2016 RateSetter Marketplace lender RateSetter has announced the appointment of Cyrille Salle de Chou as chief risk officer. Cyrill joins from Lloyds Banking Group and brings extensive experience. He started his risk career at Capital One, where he became chief credit officer for Europe responsible for card and personal loan credit. In 2007, he joined Lloyds [...]
Channel 4 condemns government for “prolonged uncertainty” over privatisation May 10, 2016 Channel 4's chairman has described the “prolonged uncertainty” around the potential privatisation of the broadcaster as “not helpful”. The government has been considering whether to sell off the channel since last summer. Reports today suggested a partial privatisation is now on the cards along with the channel being moved outside of London. Read more: Channel 4 posts record [...]
Before the bell: What you need to know before the US market open May 10, 2016 Stock futures in the US are up on the back of a good day in Asia and a strong start across Europe. The S&P is up by 0.34 per cent, while the Nasdaq is up by 2.5 per cent. The Dow has added 0.35 per cent in the pre-market. The day's big news so far Germany's current [...]
Post Office apologises after major glitch shuts down counter services across the country May 9, 2016 A major technical glitch meant thousands of people were turned away at Post Office branches around the country today. Customers hoping to pay bills, post packages or collect benefits claimed the outage was affecting branches nationwide, with many saying they had tried a number of branches before giving up, but the group insisted it was only [...]
NHS fined £180k for data breach that leaked HIV clinic patient identities May 9, 2016 The NHS has been fined thousands of pounds for revealing the identities of hundreds of patients of a London HIV clinic because of an email error. A newsletter from a sexual health clinic in Soho was sent out to more than 700 users of an HIV service last year with patient email addresses and full [...]
How the US passport rule changes affect you, and what you can do about it May 6, 2016 While we were all preoccupied by the elections – both over here and across the pond – the US government only went and made a crucial change to its passport rules. As of 1 April 2016, those travelling from the UK to the US who don't want to apply for a visa because they'll only [...]
Derwent London signs up credit card giant to White Collar Factory as first quarter lettings jump May 5, 2016 Derwent London said it has let two more floors at its White Collar Factory scheme in east London to credit card company Capital One. The announcement comes as the developer shrugs off uncertainty in the market to post a strong quarterly update. FTSE 250 constituent Derwent said Capital One has pre-let 29,500 square feet in the scheme's 16-storey tower [...]