First ever tracker mortgage with interest rate below one per cent June 5, 2015 CHELSEA Building Society yesterday unveiled the first ever tracker mortgage with an interest rate below one per cent. Housebuyers who want to borrow under the scheme need to meet stringent restrictions, including having a 35 per cent deposit and paying £1,545 in fees. But if they can do, applicants are rewarded with an interest rate [...]
UK house prices: The return of cheap housing finance? Chelsea Building Society unveils the first tracker mortgage to be launched with an interest rate lower than one per cent June 5, 2015 When the sub-prime mortgage bubble burst, everyone blamed cheap borrowing – but that clearly hasn't perturbed the Chelsea Building Society, which today unveiled the first ever tracker mortgage launched with an interest rate below one per cent. To be fair, housebuyers who want to borrow under the scheme need to meet pretty stringent restrictions, including [...]
Sainsbury’s boss Mike Coupe misses out on payday perks June 4, 2015 Sainsbury’s chief executive Mike Coupe missed out on an annual bonus last year after the supermarket chain failed to meet sales and profit targets. The retailer’s annual report published yesterday revealed that Coupe’s annual pay package dropped to £1.5m in the year to March, down from £2m the previous year, when he was still commercial [...]
Sports Direct hires finance chief 18 months after Bob Mellors exit June 4, 2015 SPORTS Direct yesterday named an insider as interim chief financial officer after leaving the post vacant to the concern of shareholders for over 18 months. Matt Pearson, Sports Direct’s group financial controller, who joined the retailer from EY in 2007, has been promoted to the board with immediate effect. The retailer, controlled by Newcastle United [...]
Sheryl Sandberg’s full, moving Facebook tribute to her husband Dave June 4, 2015 It's been a month since Surveymonkey chief executive Dave Sandberg died from a head injury while using a hotel gym in Mexico. Last night his wife Sheryl, the chief operating officer of Facebook, posted a moving tribute to him on the social network. "I know I will never feel pure joy again," she wrote. "There [...]
Louis Saha: Fifa made me ashamed as a footballer and a fan – but with Blatter gone it can be fixed June 3, 2015 In a matter of days, the most anticipated game in world football is upon us. Two juggernauts of domestic football will clash as Juventus take on Barcelona in Berlin to compete for the Champions League trophy. Fans of the game of all ages and nationalities will be united, albeit from their armchairs, in the emotions [...]
UK construction rebounds after General Election June 2, 2015 UK CONSTRUCTION rebounded in May, new survey data show, after activity in the sector had fallen to a 22-month low in April. Markit’s construction purchasing managers’ index, a survey of firms, climbed to a score of 55.9 from April’s 54.2, according to figures published yesterday. Scores above 50 imply growth, with higher scores signifying quicker [...]
The tech changes every office needs: Get rid of fixed desks and invest in meeting room management June 1, 2015 Insisting on traditional desks and not quantifying use of space will hit your business financially. Companies are facing a real headache trying to make the most of their space and turn it into a modern, workable office. With the cost of space continuing to rise, it is vital that they can make every inch [...]
William Hague gets new private sector role with Teneo May 31, 2015 Former foreign secretary William Hague has taken a high-profile new job in the private sector. Hague, who was leader of the Conservative party from 1997 to 2001, has joined Teneo Holdings, an international business consultancy with ties to former US president Bill Clinton and former prime minister Tony Blair, the Sunday Times reported yesterday. [...]
Disposable incomes in London lead UK despite financial crash May 27, 2015 London’s disposable incomes are highest at £22,516 on average Disposable incomes in London pulled further ahead of those in the rest of the country over the past 15 years, official figures showed yesterday, despite the capital being the epicentre of the financial crisis. Spending power across the UK has grown enormously since 1997, with [...]