Snapchat moves into mobile banking with the launch of Snapcash: Who will be its rivals? November 18, 2014 Whatsapp has announced its move into mobile payments, enabling users to transfer cash to one another at the hit of a button. It's latest foray into the emerging mobile payments could one day pit it against the likes of Facebook, Twitter, Google and Apple. That's not to mention leading credit card companies who already have [...]
More women in boardrooms: How are FTSE-listed companies faring? November 18, 2014 More women than ever before are rising to to the top of FTSE-listed companies but there's still a lot to be done. A report by executive recruiters Norman Broadbent has found that companies are making good progress towards increasing female participation on their boards. This is line with recommendations from Lord Davies of Abersoch's report three [...]
UK university funding “unsustainable”: Students more indebted as government writes off loans November 18, 2014 The oulook for the UK's higher education sector is dogged by financial uncertainty, according to new research. A nine-month inquiry by think tank the Higher Education Commission found the coalition's reforms have put the sector on long-term footing that's "far from clear". The post-2012 reforms increased how much students pay for a university education to an [...]
UK inflation: Consumer price index rises to 1.3 pc November 18, 2014 The rate of UK inflation rose to 1.3 per cent in the year to October 2014, recovering slightly from a suprise fall to 1.2 per cent the previous month. Smaller declines in transport costs – such as motor fuels and and air fares – drove the increase. Oil prices have plummeted recently, but they have [...]
Snapchat moves into mobile payments with Snapcash: Who are its competitors? November 18, 2014 Snapchat is partnering with payment processing firm Square Cash to create spancash. Snapcash will allow users to swipe into snapchat, type the dollar sign and the amount they wish to send, then hit the green 'send' button, the company said in a blogpost. . Square Cash will store users' debit card details and process payments sent [...]
Mapped: Where are the UK’s most entrepreneurial regions? November 17, 2014 Entrepreneurial activity continues to thrive across the UK, according to research from Barclays and the Business Growth Fund (BGF). The number of active companies — 'live' businesses or those that are not in the process of liquidation or being dissolved — rose by 3.9 per cent in the six months up to June 2014. Additionally, the [...]
Which? says ‘confusing’ broadband advertising “misleads customers” November 17, 2014 Consumer watchdog Which? is calling for the way broadband speeds are advertised to be overhauled, as current methods are "confusing" potential customers. The current guidelines say the speed quoted only has to apply to 10 per cent of customers. However, new research carried out by Which? has revealed just one in 10 consumers knew about [...]
MPs call for banking sector ‘shake-up’ following ‘appalling’ forex scandal November 17, 2014 MPs have said the forex scandal shows the banking sector is still in desperate need of a shake-up. Andrew Tyrie MP and three other former members of the parliamentary commission on banking standards (PCBS) issued a joint statement saying the forex scandal, coming so soon after Libor, shows there's still much work to be done [...]
David Cameron’s “red warning lights” over global economy: Five charts that sum up the Eurozone’s latest crisis November 17, 2014 Prime Minister David Cameron has warned of "red warning lights" flashing on the "dashboard of the global economy", following this weekend's G20 summit in Brisbane. That's particularly true of the Eurozone, which only narrowly avoided a triple-dip recession according to GDP figures published on Friday, which showed growth of 0.2 per cent in the third [...]
Eurozone economy beats expectations posting 0.2 per cent growth for the third quarter November 14, 2014 The eurozone economy grew 0.2 per cent in the third quarter, according to official figures published by Eurostat, beating expectations of 0.1 per cent growth. The figure should help calm fears the single-currency bloc could be entering into another recession. Investors have been increasingly worried by a swathe of poor data coming out of the [...]
