Millennial salaries set to pick up after period of low growth post-crash, says think tank September 16, 2018 Millennial workers should be looking forward to an upturn in their pay packets after 10 years of "tepid" growth following the financial crash, according to an influential think tank. Despite average wages increasing 2.6 per cent in the three months up to July, growth is currently just ahead of the inflation rate. But a study [...]
Former Deutsche Bank trader who pleaded guilty to Euribor rate rigging let off £6.5m fine September 15, 2018 A former Deutsche Bank trader who pleaded guilty to rigging the Euro Interbank Offered Rate (Euribor) has escaped from a £6.5m fine after the City watchdog ruled his conviction was punishment enough. Christian Bittar, once Deutsche Bank's star trader, was sentenced to five years after he pleaded guilty to rigging Euibor, an interest rate benchmark [...]
Hurricane Florence causes at least five deaths as storm lashes down on US September 15, 2018 At least five people have died so far as Hurricane Florence bears down on the US, carrying with it warnings of "life-threatening" and "catastrophic" flash flooding. The hurricane, which has been downgraded from a category four storm to category one, hit North Carolina on the south east coast and is now heading towards South Carolina [...]
The City and Wall Street go head-to-head in Carnegie Cup September 14, 2018 OK, Yankees, it’s on! The Carnegie Links 18-hole Championship is set to host the ultimate golfing face-off between the best of the City and the best of Wall Street. In a Ryder Cup-style format, the most respected golfers from financial institutions from both financial centres will go head-to-head in celebration of the links Andrew Carnegie [...]
Cost of buying land to build high-speed HS2 project tripled to £3.3bn over six years September 14, 2018 The costs of acquiring land needed to build the £56bn HS2 high speed rail project tripled from just over £1bn to £3.3bn over a six year period, according to the spending watchdog. In 2012, HS2 Limited, the company building the rail line that will link London to Birmingham, estimated land and property acquisitions would cost it £1.1bn. [...]
Long Weekend: Five hour flights to Newfoundland have made short breaks to Canada possible September 14, 2018 The weekend: We’re escaping to the wilds of Canada to find humpback whales, wandering icebergs and puffins. Failing that there’s always sampling the seafood bounty on offer in Newfoundland. A long-haul trip to Canada? From Heathrow, St John’s is a five hour flight, and you touch down in the city around 3pm. On the way [...]
The best way to explore the highlands is by plane – we visited the Carnegie Club in a Pilatus PC-12 NG September 14, 2018 The private plane I’m boarding at South London’s Biggin Hill would be ideal for anyone who owns a desert island or alpine ski lodge. It’s a multi-talented Pilatus PC-12 NG. My destination is closer to home but even more exclusive: The Carnegie Club at Scotland’s Skibo Castle. My pilot, Edwin Brenninkmeyer, who is also Pilatus’s [...]
‘Life-threatening’ Hurricane Florence hits North Carolina September 14, 2018 Hurricane Florence has hit the east cost of the US leaving a trail of destruction in its wake with homes hit by flooding and people left stranded. The US National Weather Service said the flash flooding and storm surge was “life-threatening” and predicted it would last for days. The storm reached Wrightsville Beach in North [...]
Nursery rhyme Youtube channel sold ‘for millions’ September 14, 2018 A Youtube channel of animated nursery rhymes with billions of views has been sold in a deal that could be worth millions. Little Baby Bum, founded by London couple Derek and Cannis Holder in 2011, has been bought by a firm called Moonbug, according to reports. The couple's 54-minute animated wheels on the bus video [...]
Property of the Week: Supercar superfans will swoon at this family house with a showroom in the basement September 14, 2018 If you’re a supercar superfan, then having secure parking space to keep your pride and joy clean and safe is paramount. However, this house on the market on Winnington Road in Hampstead goes several steps beyond that with this impressive car showroom. The current owner has been living in the property with his family but [...]