Credit Suisse share price falls as it unveils plans to cut London costs by £627m and make job cuts January 18, 2016 Swiss banking giant Credit Suisse has confirmed it will slash costs by hundreds of millions of pounds in an effort to reduce its London office, it has been reported. The BBC said this morning that the bank told investors it was targeting cost reductions of SFr3.5bn (£2.4bn), with SFr900m of those reductions – about £627m – [...]
Xchanging share price up: Deal edges closer as Computer Sciences Corporation offer becomes unconditional January 18, 2016 US-based Computer Sciences Corporation (CSC) revealed today that it is one step closer to purchasing outsourcing company Xchanging, after 87 per cent of Xchanging's shareholders accepted its offer. This level of acceptance means CSC's offer is now unconditional. Share price in Xchanging, which started trading late today, rose after the announcement and were trading up 0.5 per [...]
Forget peak oil, Ikea says we’ve hit “peak stuff”: It’s curtains for home furnishings says sustainability boss Steve Howard January 18, 2016 Someone clearly got Marie Kondo's book for Christmas. Apparently we've reached "peak stuff", bringing to an and the era of cheap flat pack furniture frustration and a desire for the latest designer cushions, according to – of all people – an executive at furniture giant Ikea. "If we look on a global basis, in the west we [...]
Australian company advertises the “worst job in town” on Seek – and there’s already a good number of applications January 18, 2016 If complaining about your day at work takes up most of your Monday evening conversation, this Melbourne-based role might just be perfect for you. A position for senior digital producer has been put up on Australian jobs website Seek, describing the role as the "worst job in town", complete with poor location and below market pay. Other [...]
Tata Steel to cut another 1,050 jobs in Britain at sites in Port Talbot, Trostre, Corby and Hartlepool January 18, 2016 Tata Steel has confirmed it will axe another 1,050 jobs across the UK, including 750 job losses at the UK's biggest steel maker Port Talbot. Around 100 jobs will also go at its steel mills in Trostre, Corby and Hartlepool, alongside 200 support roles. It blamed the proposed changes on slumping European steel prices, largely due to a flood of cheap imports, [...]
Asda will axe jobs in the UK as supermarket struggles continue January 18, 2016 Asda will axe jobs in the UK amid increasing pressure on British supermarkets. The redundancies will be at Walmart-owned supermarket's Leeds head office. The supermarket said in a statement: "It’s well documented that in recent years, customers have radically changed the way they shop. "We were the first of the “big four” to recognise this and [...]
BT creating 1,000 new UK jobs in bid to move criticised customer services back to the UK January 18, 2016 BT announced today it would be creating 1,000 new jobs in the UK, as the telco giant works to move its criticised customer services back to the country. BT’s goal is that at least 80 per cent of customer calls are answered from within the UK by the end of the year, and to that [...]
New London Underground map reveals how much you pay in average rent at every Tube stop on the Piccadilly, Victoria, District, Central, Northern, Bakerloo, Jubilee and Metropolitan line January 18, 2016 A new London Underground map reveals the average (staggering) rent at every Tube stop in London. London’s exorbitant rents are obviously nothing new, but this map clearly lays bare the disparity between different parts of London. A flat by London’s most expensive Tube station will set you back nine times more than the same size [...]
Why stamp duty reforms are turning prime London into the world’s most exclusive rental market January 18, 2016 What's the point of paying astronomical levels of stamp duty when you could just rent an ultra-exclusive home? A new report has suggested billionaires may simply rent prime properties, rather than buying them – and potentially save millions of pounds. The figures, by Tunstall Property, suggest that for most buyers of ultra-expensive homes, following reforms to the stamp [...]
Pupillage gateway dates shifted from January 2017 onwards so trainee barristers know application outcome before paying fees for Bar Professional Training Course January 18, 2016 The Bar Council has today announced that it will be changing the pupillage gateway dates from January 2017 onwards, running the process from January until April. The pupillage gateway is used by barristers' chambers to advertise available positions and recruit pupils, and currently runs from the end of April through to August. The move, which many [...]
