Show posts from the last:

News stories from Thursday 18 January, 2018

Favicon for Finance News - Business news from the UK and world 20:00 Police continue to probe double murder mystery in quiet Buckinghamshire village » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 19:54 EU prepares sanctions against Venezuelan officials amid growing unrest » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 19:54 Ryanair referred to HMRC and labour market tsar over pay » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Airline says it complies with UK employment law, despite MPs’ call for cabin crew pay probe

Ryanair has been referred to employment and tax authorities for investigation by two parliamentary committees, citing the airline’s “refusal to cooperate” with inquiries over crew pay and conditions.

Frank Field, chair of the work and pensions committee, and Rachel Reeves, chair of the business select committee, have written to HMRC and the director of labour market enforcement asking them to investigate Ryanair and the agencies that supply its cabin crew.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 19:52 Vince Cable 'disgusted' with FCA over RBS mistreatment of small firms » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Lib Dem leader condemns regulator for failing to expose the alleged role of bank’s management in shoddy treatment of small businesses

Vince Cable has attacked the City watchdog for failing to publish a full report into the mistreatment of small businesses by the Royal Bank of Scotland, as MPs lined-up to condemn the bank in parliament.

The leader of the Liberal Democrats expressed “disgust” that passages of a damning report by the Financial Conduct Authority had not been released, four-and-a-half years after he first referred the case to the regulator during his time in the coalition government.

Continue reading...
Favicon for BBC News - Business 19:51 Task force to support Carillion-hit firms » Post from BBC News - Business Visit off-site link
The government is co-ordinating efforts aimed at supporting business and workers affected.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 19:50 Primark primed to overtake Next as UK's No 2 clothing retailer » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Surge in sales of children’s clothing and makeup put budget chain on track to surpass rival

Primark is on track to overtake Next as the UK’s second biggest clothing retailer this year after strong sales over the winter.

Low prices, aviator jackets, children’s clothing and new makeup ranges helped Primark outperform rivals – even though it does not sell online, the source of most sales growth in the sector.

Continue reading...
Favicon for BBC News - Business 19:50 Banks create funds for firms hit by Carillion collapse » Post from BBC News - Business Visit off-site link
Lloyds, RBS and HSBC will provide cash for struggling small firms as Nationwide takes on Carillion staff.
Favicon for Finance News - Business news from the UK and world 19:40 Google and Facebook should help fund local journalism, former Culture Secretary suggests » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 19:26 Paris church collection plate goes contactless as Sunday Mass donations stagnate  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 19:19 US plans to keep troops in Syria indefinitely to counter Isil and Iran, Tillerson says » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 19:14 Argos customers targeted with convincing text scam  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 19:13 Brexit will bring us closer together, says Zimbabwe's new president » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 19:05 UK's largest estate agent Countrywide issues profit warning » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Shares plunge at owner of Bairstow Eves and Hamptons brands as number of UK property sales fall

Shares in the UK’s largest estate agent, Countrywide, tumbled 18% as the group warned that profits would fall short of forecasts after a “disappointing” fourth quarter.

The company, whose brands include Hamptons, Bairstow Eves and Taylors and Gascoigne-Pees, warned in November that the house sales market was challenging and would be down from 2016. It now expects full-year income to fall by 8.8%.

Continue reading...
Favicon for Finance News - Business news from the UK and world 18:54 Prince Harry and Meghan Markle visit Cardiff, in pictures » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 18:37 Santander boss named in GRG scandal » Post from BBC News - Business Visit off-site link
Nathan Bostock was responsible for controversial RBS division during scandal, MPs are told.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 18:24 UK’s richest 10% spend more on wine per week than the poorest on water » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Official data on spending reveals stark contrasts – one’s furnishing money is the other’s rent

There is little for the average household to cheer these days as inflation crushes paltry earnings increases. Inflation is running at 3% while wage rises can manage no more than 2.5%. Worse for the average household, the banks are beginning to turn off the lending taps that have allowed them to boost their incomes with cheap debt.

Things were better in the year to April 2017, according to the number crunchers at the Office for National Statistics, who have lifted the lid on Britain’s spending habits in their annual family spending report.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 18:17 Carillion crisis: UK banks offer help to small firms, as task force launched - as it happened » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Lloyds, HSBC and RBS all promise to help small businesses, as the government sets up a Carillion task force

5.15pm GMT

Time for a quick recap of the main points.

Related: Carillion taskforce to discuss how to prevent domino effect on UK economy

Related: Corbyn on Carillion: we'll end outsourcing 'racket' in rule change

That Carillion support so far:-

Lloyds: We'll make £50m available.
RBS: Make it £75m from us.
HSBC: We'll do £100m.
Santander: We're in but won't say how much.
Barclays: We'll "look at" helping on a "case by case basis".

4.59pm GMT

This is turning into a bidding war! HSBC have just told us they are going to provide up to £100m of support for its customers.

Now HSBC is doing £100m of support for businesses hit by Carillion, outgunning RBS (£75m) and Lloyds £50m). This is great. Over to you, Barclays.

Continue reading...
Favicon for Finance News - Business news from the UK and world 17:59 Love is in the air as Pope Francis performs first marriage on board a papal flight » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 17:32 Hungarian plans to tackle illegal immigration are from 'Putin playbook', rights group claims » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 17:25 Brigitte and Emmanuel Macron treated 'like plague victims' after meeting when he was a teen, says new biography  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 17:21 Six hour hunt for wolf released from sanctuary by suspected animal rights activists » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 17:21 Lebanese spies 'left thousands of hacked text messages on open internet' » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 17:18 Frozen eyelashes and -62C: What life is like living in the world's coldest village   » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 17:11 Facebook selfie clue helps convict Canadian woman who killed her friend  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 17:09 Carillion taskforce to discuss how to prevent domino effect on UK economy » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Business secretary convenes meeting after unions call for limiting job losses at collapsed firm and supply chain companies

A taskforce of banks, businesses and construction industry trade bodies will meet with the business secretary on Thursday to discuss ways to contain the impact of Carillion’s collapse on jobs and the wider economy.

Greg Clark convened the meeting amid pressure from trade unions to ensure that the business world helps limit job losses among former Carillion staff and employees in its supply chain.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 17:07 Chemring under criminal investigation by UK fraud office » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Inquiry includes subsidiary and employees at weapons and defence systems manufacturer


The Serious Fraud Office (SFO) has launched a criminal investigation into alleged money laundering, bribery and corruption at the grenade and ammunition manufacturer Chemring, one of its subsidiaries and individuals associated with the businesses.

Continue reading...
Favicon for BBC News - Business 16:54 Amazon shortlists 20 metropolitan areas for new headquarters » Post from BBC News - Business Visit off-site link
The proposed site is expected to cost more than $5bn (£3.6bn) and create 50,000 jobs.
Favicon for Finance News - Business news from the UK and world 16:41 Met Office criticised for not naming storm which battered Britain as fresh weather warnings are issued » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 16:35 Israel unveils plans for 40-mile underground wall around Gaza » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 16:12 The unlikely Brexiteers: Life after the vote  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 16:04 2 Sisters chicken supplier 'sent MPs Christmas biscuits' » Post from BBC News - Business Visit off-site link
The chicken supplier is being investigated for alleged breaches of food safety and hygiene concerns.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 15:59 When it comes to estate agents, the future could be purple » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Falling sales and the lengthening time taken to sell a home is hurting traditional estate agents

Plot the share price of Purple Bricks against Countrywide over the past few years and it tells you all you need to know about where estate agency is heading.

Purple Bricks, the internet upstart offering fixed-price home selling for £849, has seen its share price more than quadruple from 95p at its start of trading on 18 December 2015 to 422p now. On that same day shares in traditional estate agency Countrywide were changing hands at 400p. Today they are 113p after yet another warning about disappointing profits.

Continue reading...
Favicon for Finance News - Business news from the UK and world 15:50 Prince Harry and Meghan Markle greet crowds on Cardiff visit after train delayed by track fault » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 15:38 Big wave surfers ride monster swell off Praia do Norte, Portugal, in pictures » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 15:34 Flu epidemic set to hit Britain within fortnight as 8.3 million now suffering symptoms » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 15:27 Passenger plane lifted away from cliff edge after Turkey runway incident » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 15:06 Yacht that once carried Tito up the Thames to meet Churchill to be converted into a museum by Croatia » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 15:01 How did households budget in 1957? » Post from BBC News - Business Visit off-site link
Housing took a much smaller share of incomes 60 years ago , but food and fashion cost more.
Favicon for Finance News - Business news from the UK and world 14:47 Tito's yacht Galeb to be transformed into floating museum, in pictures » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 14:42 Costa Coffee's High Street sales fall » Post from BBC News - Business Visit off-site link
The coffee chain has been hit by the falling numbers of people visiting UK High Streets.
Favicon for BBC News - Business 14:39 PFI deals 'costing taxpayers billions' » Post from BBC News - Business Visit off-site link
Financing schools and hospitals privately is much more expensive than a public alternative, report finds.
Favicon for Finance News - Business news from the UK and world 14:31 Fishermen dive into river moments before motorboat smashes into vessel » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 14:28 Woody Allen accuses Dylan Farrow of 'cynically' using Times Up movement to attack him in extraordinary rebuke » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 14:26 David and Louise Turpin to appear in court: What we know so far  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 14:19 Unions call denial of minimum wage to North Sea workers ‘national disgrace’ » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Official pay guidance won’t apply beyond 12-miles in UK waters, leaving out most crews dismantling oil and gas rigs

Unions have said it is a “national disgrace” that workers dismantling old North Sea oil and gas rigs will be paid less than the minimum wage, despite new promises by ministers to protect people working in UK waters.

The government issued guidance on Thursday that it said would ensure seafarers, people who are based on vessels as opposed to fixed installations like an oil platform, receive the minimum wage.

Continue reading...
Favicon for Finance News - Business news from the UK and world 14:18 Fake News Awards: CNN 'wins' taking 4 out of 11 'accolades' announced by Donald Trump » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 14:17 Airbus finally secures lifeline for A380 with Emirates deal » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Gulf airline to buy 20 planes, with option for 16 more, allaying fears about superjumbo’s future

The A380 superjumbo has been thrown a lifeline after its biggest customer, Emirates, agreed to buy up to 36 more planes from Airbus.

The European airplane manufacturer had warned that without the deal, which had been long in the negotiation, it might have to close down its A380 production line.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 14:12 Supermarkets under pressure to reveal amount of plastic they create » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Leading UK retailers say information is too ‘commercially sensitive’ to reveal, following Guardian report they make almost 1m tonnes a year

Supermarkets are coming under growing pressure from politicians and campaigners to reveal the amount of plastic they create, and pay more towards its safe disposal, following a Guardian investigation.

Amid mounting concern about the devastating environmental impact of plastic pollution around the globe, the Guardian revealed on Wednesday that the UK’s leading supermarkets create almost 1m tonnes of plastic packaging waste every year.

Continue reading...
Favicon for Finance News - Business news from the UK and world 14:02 UK weather: Tens of thousands without power after 80mph gusts batter Britain » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 13:43 YouTube deleting Tide Pod challenge videos in bid to stem dangerous detergent-eating craze  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/png)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 13:25 I was an outsourced Carillion hospital worker. Here’s what I learned | Polly Toynbee » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
It’s low-paid workers who pay the price of shifting state debt off the Treasury’s books. I know: I’ve seen the process at work

A while ago I worked for Carillion as a hospital porter. Or at least I worked for an agency that provided labour for Carillion – as these outsourcers always themselves outsource, to cut costs further. I was researching my book Hard Work, but try as I might, in every single public sector job I failed to work for the public sector.

Every minimum-wage-level job was outsourced in the two NHS hospitals where I worked, in a primary school kitchen and in a government nursery. Austerity causes the number of public employees to keep falling. But try to find out how many apparently public employees work for these companies, and no one knows.

Continue reading...
Favicon for Finance News - Business news from the UK and world 13:12 Peter Wyngarde: Actor and style icon, in pictures » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 13:11 Donald Trump is hampering fight against climate change, WEF warns » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

World Economic Forum outlines huge increase in all five eco risks since the US president assumed office

The World Economic Forum delivered a strong warning about Donald Trump’s go-it-alone approach to tackling climate change as it highlighted the growing threat of environmental collapse in its annual assessment of the risks facing the international community.

In the run-up to the US president’s speech to its annual meeting in Davos, Switzerland, next week, the WEF avoided mentioning Trump by name but said “nation-state unilateralism” would make it harder to tackle global warming and ecological damage.

Continue reading...
Favicon for Finance News - Business news from the UK and world 13:09 Police do not need to fully check photographs and social media accounts in rape cases, head of CPS suggests » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 13:07 New lifesaving drone rescues teenagers swept out to sea in Australia just hours after launch » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 13:03 Pets and package holidays – how over-65s drive UK consumer spending » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Household expenditure on cars, holidays and pets drives recovery but signs emerge of a slowdown

Spending by British households has returned to its pre-financial crisis levels in real terms, driven by purchases of cars and spending by older consumers on package holidays and pets.

Figures from the Office for National Statistics showed average weekly spending in the UK rose to £544 in the financial year ending March 2017, an increase from £533 the previous year. Transport and recreation were the two categories where expenditure increased the most, rising by about £5 on average per week.

Continue reading...
Favicon for Finance News - Business news from the UK and world 13:01 Norway set to become first Nordic country to ban fur farming » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 13:01 Modern day slaves » Post from BBC News - Business Visit off-site link
There are 13,000 modern slavery victims in the UK, the BBC's Nina Warhurst meets one man who managed to escape.
Favicon for BBC News - Business 13:00 'If I tried to escape they said they would kill me' » Post from BBC News - Business Visit off-site link
"Peter" came to Britain looking for a new life but instead he was held captive and forced to work for nothing.
Favicon for BBC News - Business 12:57 Detroit Motor Show: What the cars of the future may look like » Post from BBC News - Business Visit off-site link
A range of concept cars and trucks are showcased at the 2018 Detroit motor show.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 12:53 Parents pay to plug gaps in free childcare funding, survey finds » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Only a third of places under government scheme found to be completely free, with fees often charged for meals and nappies

Parents are being forced to subsidise the government’s flagship childcare policy, which offers 30 free hours at nursery for three- and four-year-olds, a survey suggests.

Nurseries have long complained that the hourly rates paid by the government are too low and a poll by the Pre-school Learning Alliance has indicated they are clawing money back by charging for meals, nappies and trips, and in some cases raising fees for younger children.

Continue reading...
Favicon for Finance News - Business news from the UK and world 12:41 Chris Tarrant admits drink-driving after police called when pub staff saw him stumble at bar » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 12:20 Donald Trump 'was not fully informed on Mexico border wall', says chief of staff John Kelly » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 12:10 Lady Lucan cut her children out of her will becuse of 'lack of good manners', probate document reveals » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 12:02 Superjumbo jet future secured by Emirates order » Post from BBC News - Business Visit off-site link
A big order from Emirates airline saves the A380 after Airbus threatened to stop making the plane.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 11:05 Company fined for making 75m PPI calls in four months » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Information Commissioner’s Office says company failed to identify itself and used ‘added value’ phone numbers

A claims handling company that bombarded consumers with 75m nuisance phone calls in four months has been fined £350,000 by the Information Commissioner’s Office (ICO).

Miss-sold Products UK made the automated calls promoting its payment protection insurance (PPI) claims service without the recipients’ consent, which is against the law, the ICO said..

Continue reading...
Favicon for Finance News - Business news from the UK and world 10:31 Turpin family's Texan homes 'had scratches on doors and cages in the wardrobe' » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 10:02 Costa Coffee loses its froth as sales fall » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Chain warns of subdued consumer demand as shoppers shun high street and artisan rivals perk up

Britain’s biggest coffee shop chain, Costa Coffee, has suffered a fall in sales at its high street stores and warned consumer demand would remain “subdued”.

Costa’s owner, Whitbread, said like-for-like sales at its UK high street outlets had fallen 1.5% in the 13 weeks to 30 November. Costa Express machines, which are mainly in petrol stations, convenience stores, offices and airports, fared better, with 6.7% sales growth.

Continue reading...
Favicon for Finance News - Business news from the UK and world 09:59 Nigella Lawson shows frustration at claims her shows are innuendo-filled in awkward television interview   » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 09:48 Brexit is not a 'catastrophe' for the City of London, says French finance chief » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 09:47 Fundraising campaign launched in support of disgraced liver surgeon who branded patients » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 09:26 China's economy grows by 6.9% in 2017 » Post from BBC News - Business Visit off-site link
The figure beats Beijing's official growth target of 6.5%, though some question China's GDP data.
Favicon for Finance News - Business news from the UK and world 09:23 Should have gone to Specsavers: branded car crashes into Liverpool lamppost  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 09:19 California 'House of horrors' children like 'clones' and were 'forced to march in circles' » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 09:12 Cocaine found hidden in pineapples during huge drugs seizure » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 08:18 More than 50 killed after bus catches fire in Kazakhstan » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/png)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 08:00 Why won’t City Cruises apologise after a boat collided with a bridge? » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
After the incident, the crew put on life jackets but did not give them to terrified passengers

I took a boat trip along the Thames with City Cruises in November. The boat collided with a bridge wall and the impact broke four windows and there was a smell of burning. The crew put on life jackets but did not give them to terrified passengers. And at no stage was there an apology.

HB, London

Continue reading...
Favicon for Finance News - Business news from the UK and world 08:00 Pictures of the Day: 18 January 2018 » Post from Finance News - Business news from the UK and world Visit off-site link
Favicon for BBC News - Business 07:55 Macau police hunt for casino dealer after $6m theft » Post from BBC News - Business Visit off-site link
Such thefts are rare in the Chinese territory but at least one previous case also involved employees.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 06:24 From mother's ruin to modern tipple: how the UK rediscovered gin » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Scourge of Hogarth’s London has been transformed 260 years later into booming craft industry

Gin parties, gin menus, ginvent calendars and even a Ginstitute hotel: the UK’s renewed passion for all things gin is fast creating a whole new industry.

There are 315 distilleries in Britain – more than double the number operating five years ago. According to figures collected by HM Revenue & Customs, which hands out licences to produce spirits, nearly 50 opened last year, while just a handful shut up shop.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 06:05 Bitcoin speculative bubble is bursting and has a long way to fall, economists warn » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Despite losing 40% in a matter of weeks the cryptocurrency still has further to drop according to experts at Capital Economics

Bitcoin has all the hallmarks of a classic speculative bubble and even after almost halving in value in a matter of weeks it still has further to fall, according to a leading team of economists.

As regulators in South Korea again signalled on Thursday that they were considering a ban on cryptocurrency exchanges, Capital Economics also dismissed claims that bitcoin and its imitators could replace established currencies as “rubbish”.

Continue reading...
Favicon for BBC News - Business 05:57 Nintendo Labo: The DIY cardboard accessory for Switch » Post from BBC News - Business Visit off-site link
Labo will turn Switch controllers into a piano, a fishing rod, a motorbike or even a robot suit.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 05:21 Queensland accused of breaking ‘no public funds for Adani’ promise » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Activists target Aurizon after Palaszczuk refuses to rule out vetoing freight company’s application for Naif funding to build rail line

The former Queensland state-owned freight rail business Aurizon is the latest target of anti-Adani activists, after the Palaszczuk Labor government refused to rule out vetoing the company’s taxpayer-funded loan to build the Galilee basin rail line.

Opponents of the mine have accused the state government of attempting to break its promise of “no public funds for Adani’ through a “backdoor” by continuing to consider Aurizon’s application for federal government funds to build the central Queensland rail line.

Continue reading...
Favicon for Finance News - Business news from the UK and world 01:52  Kevin Spacey investigated by Scotland Yard over third complaint of sexual assault » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 01:45 Norway aims for all short-haul flights to be 100% electric by 2040 » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

It already has more electric cars than any other country in the world and also has shipping projects underway

All of Norway’s short-haul airliners should be entirely electric by 2040, the country’s airport operator said on Wednesday, cementing the Nordic nation’s role as a pioneer in the field of electric transport.

Avinor, the public operator of Norwegian airports, “aims to be the first in the world” to make the switch to electric air transport, chief executive Dag Falk-Petersen said.

Continue reading...
Favicon for Finance News - Business news from the UK and world 01:44 Residents' fury over £2m bill to replace Grenfell-style cladding » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 01:40 Ukraine's secret » Post from BBC News - Business Visit off-site link
Ukraine's IT sector is flourishing despite continuing conflict with Russian-backed rebels in the east.
Favicon for BBC News - Business 01:37 Donald Trump's impact on trade in Asia » Post from BBC News - Business Visit off-site link
What's been the impact of Donald Trump's withdrawal of the US from the Trans-Pacific Partnership agreement?
Favicon for BBC News - Business 01:26 Are the days of loyalty cards numbered after Tesco's change? » Post from BBC News - Business Visit off-site link
Tesco's decision to alter its Clubcard scheme may be a sign of more change ahead, experts predict.
Favicon for BBC News - Business 01:25 Homes plan back-firing, say councils » Post from BBC News - Business Visit off-site link
A scheme to convert offices into homes lets developers "duck" providing affordable housing, says the LGA.
Favicon for Finance News - Business news from the UK and world 01:15 Hollywood 'unethical' for starring chimpanzees and orangutans in films » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 01:03 'The society I had fought for all my life had turned its back on me' SAS Hero of Iran Embassy siege is homeless » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 01:01 Turning offices into homes threatens affordability – study » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

LGA estimates more than 7,500 affordable homes lost in England due to conversions that do not go through planning system

More than half of all new homes in some areas have been created by allowing developers to convert offices without building any affordable homes, an impact study of the policy has revealed.

Since 2015, 30,575 housing units in England have been converted from offices to flats without having to go through the planning system, in a bid by ministers to boost housing supply. It means there has been a potential loss of more than 7,500 affordable homes, according to the study by the Local Government Association.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 01:01 Taxpayers to foot £200bn bill for PFI contracts – audit office » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Cost of privately financing projects ‘can be 40% higher’ than using public money

Taxpayers will be forced to hand over nearly £200bn to contractors under private finance deals for at least 25 years, according to a report by Whitehall’s spending watchdog.

In the wake of the collapse of public service provider Carillion, the National Audit Office found little evidence that government investment in more than 700 existing public-private projects has delivered financial benefits.

Continue reading...
Favicon for Finance News - Business news from the UK and world 01:01 Patients being put at risk as GPs try to squeeze in 100 cases per day  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 01:01 Government's stamp duty cut for first time buyers 'has failed to increase house sales' » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 00:20 Arcadia's poor sales blamed for squeeze on suppliers » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Sir Philip Green’s fashion empire to pay suppliers 2% less on existing and future orders

Sir Philip Green’s retail business has told suppliers that Arcadia Group is imposing a discount on all current and existing orders from next month.

The group’s CEO Ian Grabiner, blaming changes in the retail market, told suppliers that it would pay 2% less on both existing and future orders from 1 February, saving the company millions.

Continue reading...

News stories from Wednesday 17 January, 2018

Favicon for Finance News - Business news from the UK and world 23:00 Archbishop's claims against Bishop George Bell 'irresponsible and dangerous'  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 23:00 NHS attempts to save £3 per flu jab have fuelled winter crisis as 'Japanese flu' spreads through hospitals  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/png)
Favicon for Finance News - Business news from the UK and world 23:00 SNP 'treating Scottish private school parents like super-rich' after minister claims they can afford fee rise » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 22:47 Tennis players want more money? It's not as absurd as it sounds | Greg Jericho » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

It’s easy to scoff but a look at the incomes of golf and tennis players shows that unionisation may not be such a bad idea

Income inequality is not normally an issue that arises much thought during the Australian Open, but this week inequality, as it is in much of the rest of society, has reared its head in tennis, and with it has come talk also of the need for a stronger unionisation of workers.

It is easy to scoff when talk arose this week that Novak Djokovic had reportedly called for a formation of a new players union that would split from the ATP – an organisation that both represents the players and also organises the tournaments – in order to get the players a greater share of the tournament revenue.

Continue reading...
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 22:30 Apple says it will pay $38bn in foreign cash taxes and create 20,000 US jobs » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
  • Tech giant says it will repatriate some overseas cash holdings
  • Apple has faced sustained criticism for tax evasion policies

Apple said on Wednesday it would make a one-time payment of $38bn to repatriate some of its vast overseas cash holdings.

Related: Apple secretly moved parts of empire to Jersey after row over tax affairs

Continue reading...
Favicon for Finance News - Business news from the UK and world 22:30 UK weather: New Met Office warnings of heavy snow after more than 200 drivers stuck in cars overnight in Scotland » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 22:24 Bonuses for Carillion bosses are blocked » Post from BBC News - Business Visit off-site link
Former executives at the failed construction firm will not get severance payments or bonuses.
Favicon for Finance News - Business news from the UK and world 22:21 Hunt saboteurs join forces with huntsmen as they come together to rescue horse stuck in a bog » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 22:00 Cumbria police 'failed to learn lessons' over Poppi Worthington, it is claimed » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 21:52 'My wife was seeing aliens and wouldn't let me in the house' HMRC releases top excuses for missing tax deadline » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 21:40 Porn star Stormy Daniels reveals details of 'affair' with Donald Trump » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 21:25 YouTube video that taught Manchester bomber how to make explosives is still being shared on the site, US probe hears » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 21:23 Not taking the biscuit: MPs decline 'unsolicited' gifts from 2 Sisters boss » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Festive gift from 2 Sisters Food Group was ‘attempt to impugn’ impartiality, says committee

A parliamentary inquiry into food standards at 2 Sisters Food Group took a bizarre turn on Wednesday when a select committee accused the chicken processor of an “attempt to impugn” its impartiality by sending MPs “unsolicited” biscuits.

Writing to the group’s chief executive Ranjit Singh Boparan, MP Neil Parish, the Conservative chair of the environment, food and rural affairs committee, said: “Several members of my committee have reported the receipt of unsolicited gifts from the 2 Sisters Food Group over the Christmas period.

Continue reading...
Favicon for Finance News - Business news from the UK and world 21:19 Ex-CIA operative suspected of compromising US spies in China is arrested » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Finance News - Business news from the UK and world 21:16 Dozens of Labour MPs rebel against Jeremy Corbyn as Brexit Bill finally heads to the House of Lords  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 21:15 Trade unions call government reassurances over Carillion 'flimsy' » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Thousands of workers stand to lose their jobs as Carillion goes down, with the prospect of many suppliers following suit

Efforts by the government to reassure thousands of staff employed by Carillion to work for private sector clients were called “flimsy”, as the small businesses owed money by the failed company braced for losses.

The prime minister’s spokesman said most of the companies that were using Carillion’s 8,500-strong private sector workforce have agreed to provide funding to continue paying them.

Continue reading...
Favicon for BBC News - Business 20:31 Apple to pay $38bn on foreign cash pile » Post from BBC News - Business Visit off-site link
The payment is expected to be the largest of its type following US tax code changes.