Tuesday, October 16News For London


Falling oil prices hit investors

Business, International, ReportingWeek2
The oil price has fallen to a seven year low today as it reached $36.70 a barrel. It comes after prices slumped dramatically - by more than 10% - in just a week. This is good news for motorists, as petrol prices have dipped to below £1 per litre. Last week Simon Williams of the RAC said petrol pricing below £1 would be “a common sight” in the run-up to Christmas. (Picture: Sara Macham) While drivers might be celebrating, falling oil prices are not so good for investors. Today, Royal Dutch Shell has announced it will cut almost 3,000 jobs if it merges, as planned, with BG Group. The news comes after an initial round of job cuts at Shell in July, when the company said 7,500 positions would go. (Picture courtesy of Wikimedia Commons) London’s share price index, the

Skydeck the new first class seats

Business, ReportingWeek2
Windspeed Technology announced its new in-flight entertainment called Skydeck. Credit: Windspeed Technology website. With the announcement of Skydeck, the new in-flight entertainment product for the super rich passengers triggered interest within the aviation industry. The Windspeed Technologies LCC has been offering 20 years of engineering services in the aviation industry and now has offered a new entertainment product. The administrator and inventor of Skydeck, Shakil Hussain, during the National Business Aviation Association event, in Las Vegas, explained why the idea for this new entertainment product: “this new idea has been thought to defeat the boredom on long haul flights.” How it works? Its name is Skydeck and it can be installed on private jets, but also on commerc

Big Tobacco take on government

Business, News, Politics, ReportingWeek2
Image Courtesy of Sophie Riches Plain cigarette packaging regulations due to come into force in May 2016 are being challenged in the high court by four of the world’s largest tobacco companies. Imperial Tobacco Group, British American Tobacco, Philip Morris International and Japan Tobacco International claim that the legislation aimed at discouraging smoking will unlawfully impact their trademark intellectual property by making their packets look the same. The Chief Executive of anti smoking group ASH, Deborah Arnott, said: "This is a desperate last ditch move by the tobacco companies to try to protect their right to promote their products in glitzy brightly coloured packaging, hoping that they will attract children and young people to become the next generation addicted to s

Tax expert says that tax responsibilities are about to be easier.

Business, ReportingWeek2
The complexity of tax calculation. Credit: Pixabay. Guy Bridger, with 20 years experience as a tax advisor, agrees to introduce a series of improvement using online technologies that allow self-employers to pay taxes with a mouse-click. 10 million people who have small businesses and or self employers every year have to book either an accountant or do a self calculation to know how much tax they have to pay. The technology used to declare the taxable income is called self -assessment. It is used annually at the moment. However, the Chancellor, George Osborne, said that in the future it may be used quarterly. Guy Bridger, with a background of 20 years helping people calculate how much tax to pay agrees with government’s decision. The idea is to create a level playing filed and

Green Monday has lured over 100,000 British users by midday

Business, ReportingWeek2
As Green Monday, an online sale, launches today, a research reveals that British people prefer to spend their money on discounted gifts and goods earlier – on Black Friday and Cyber Monday. According to PCA Predict, British company that monitor big data on sales in real time, over 100,000 British users has looked up Green Monday deals by midday. Previously, PCA Predict registered almost twice more users interested in Black Friday. But in comparison to Cyber Monday, Green Monday is not falling far behind.  In the previous research that PCA Predict conducted in the UK in autumn 2013-2014, Green Monday was not among the top shopping days in the UK. "Monday’s are typically the busiest for e-commerce generally, however, last year’s Green Monday looks on par with other days in Decemb

Creating Safer Business Environment in Southwark

Audio, Business, News, ReportingWeek1
Forty businesses in Southwark have teamed up with police to fight crime. Shops, restaurants and night clubs have joined a security network that will enable them operate in a safer environment. The Southwark Safe Business Partnership was launched last week. Adelaide Arthur reports.   https://soundcloud.com/adelaide-arthur/creating-safer-business-environment
Jail time for bankers? New regime holds senior managers accountable

Jail time for bankers? New regime holds senior managers accountable

Blogs, Business, News
By Li Ying & Di Bai In the wake of HSBC’s tax evasion scandal, the UK Treasury announced a new regime aimed at strengthening control in the banking sector, which will take effect in about a year. From that time on, senior bank managers will be likely to face jail terms for bank failures and misconducts. The Chief Executive of Chartered Institute for Securities and Investment (CISI) Simon Culhane talks to Westminster World and explains the new regime.   Introducing a change of culture in the industry A new government-proposed regime will usher in a much-needed change of culture in the banking and financial service sector, with more punitive consequences. Simon Culhane, the chief executive of the professional body of the financial service industry CISI, welcomes it. He s
Marketing graduate finds job by advertising at Waterloo

Marketing graduate finds job by advertising at Waterloo

Business, Student
A marketing graduate has found employment after spending hours walking around Waterloo station advertising his skills and handing out his CV. By Alex Xi Zhang https://twitter.com/Fr3dSantana/status/558320401668132864 Alfred Ajani, 22, eventually found a job with the unconventional approach and says: “I knew it works, so I was confident.” He also says that universities should do more to help students gain relevant experience. After sending out 300 CVs without luck, Ajani decided to sell himself by holding a sign in the bustling London station. “I was nervous at first, but people started to approach me so I started to relax a little bit.” He successfully got a job within two weeks with 12 employers approaching him. Following this unique effort, Ajani is now a marketing and PR pr

Scottish women’s group comes to London

Business, Culture
A successful initiative to help women become more independent and stand on their own feet is set to come London. Reports Sonal Gupta       SRG [Self-Reliant Group] leads an initiative where number of women come together to earn a living using their basic skills like sewing, cooking, making crafts and Christmas gifts. The aim of the group is to encourage women to become independent and generate income. SRG is currently based in Scotland, but the organisation is more than willing to take this initiative international. It will train and support every organisation from any part of the world which is a development model and has demonstrated some kind of success.       Eleanor Campbell, SRG Development Worker, says: “We have organisa

Brixton shopkeepers fear eviction

National Rail's redevelopment of Brixton and an increase in parking rates has local shop owners fearing for the future.  By Danae Diz. Sub Editor Hayley Daen. National Rail, which is a landlord for a number of retail premises along Brixton Station Road and Atlantic road, is seeking to redevelop the area. Local shop owners who are based under the railway arches are currently faced with eviction and no place to go. The gentrification of Brixton is not the local shop owners' only problem. Parking prices in Brixton have tripled in the last three years. The cost of an hours parking has risen from one to three pounds an hour. Traders are finding that not only is it too expensive for them to park whilst they are at work but also too expensive for their clients, resulting in them shoppi