Church of England urges Shell and BP to act over climate change through shareholder resolution December 4, 2014 The Church of England has submitted a shareholder resolution to Shell and BP, urging them to take more responsibility for their contribution towards climate change. The Church, which has a £9bn investment portfolio, challenged the companies to cut their carbon footprint. It wants to see the businesses run in a way that will aid the [...]
London’s busiest stations: Waterloo, Victoria, Liverpool Street, London Bridge, Euston December 4, 2014 NULL
Labour councillors call for Soho nightclub Madame Jojo’s to be re-opened under new management December 4, 2014 Labour councillors have called for legendary nightclub Madame Jojo's to re-opened under new management, after its license was revoked last month following a violent incident. By closing the iconic club Westminster council would "continue the remorseless process of Soho gentrification". Rather, it should be re-opened by a new owner under the same licensing terms. The area, [...]
Why banks are struggling to attract female leaders December 4, 2014 The world's leading banks are struggling to attract and retain the most talented female employees. Management consultants Oliver Wyman, which looked at 150 major financial services companies worldwide, found just four per cent of chief executive officers and 13 per cent of executive committee members were women. The "Women in Financial Services" report also found a [...]
Boris Johnson launches £85m fund to lift London’s tech start-ups December 4, 2014 The Mayor of London has launched an investment fund which will make up to £85m available to the capital's most exciting science, technology and digital start-ups. Boris Johnson has pledged an initial £25m towards the London Co-Investment Fund, which will help new businesses looking for a cash injection between £250,000 and £1m. The fund, which hopes [...]
Driverless cars will be tested in four UK cities from January 2015: London, Bristol, Milton Keynes and Coventry December 3, 2014 Driverless cars could be coming to a road near you. Four UK cities have been chosen to test out driverless cars, according to an announcement by public body Innovate UK. Greenwich in South East London will have one project, as well as Bristol while Milton Keynes and Coventry will share one. The trials will last [...]
Spending more than a penny: This public toilet is up for auction with a price tag of £100k December 3, 2014 A toilet stop here will set you back more than a penny. The former public toilet, which is in Walton-on-Thames in Surrey, has a guide price of £100,000 plus for when it goes to auction later this month. It has just one level and is a detached building on a rectangular site which spans around 0.06 [...]
Crowdfunding website Indiegogo offers investors insurance in case projects fail December 3, 2014 Crowdfunding website Indiegogo will trial an insurance option for its users, in case the projects they invest money in fail to materialise. It's currently being tested on one project, a wearable band that helps manage stress called Olive. Potential investors can pay the $15 (£10) "optional insurance" fee in addition to the $129 required backing, as reported by TechCrunch. The [...]
Barratt Developments and Taylor Wimpey join the FTSE 100 in quarterly shake-up December 3, 2014 Home-builders Barratt Developments and Taylor Wimpey will join the FTSE 100 index, replacing Petrofac and IMI, it has been announced today. The latter two have recently been hurt by crumbling commodity prices amid a global sell-off. Jimmy Choo, Allied Minds, CLS Holdings, Game Digital, Greggs and Spirit Pubs will join the FTSE 250. EnQuest, Fenner, [...]
Abercrombie & Fitch continues to struggle as it cuts outlook December 3, 2014 Teen retailer Abercrombie & Fitch cut its profit forecast for the year to between $1.50 and $1.65 adjusted earnings per share, which was below analyst estimates. The company said that adjusted net income fell to $30.4m in the third quarter, down 25 per cent from the year earlier. It cited "disruption and turmoil" in the teen clothing [...]
