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News stories from Saturday 24 February, 2018

Favicon for Finance News - Business news from the UK and world 10:30 David and Louise Turpin facing additional charges over California 'house of horrors' » 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 10:15 ‘Lloyds ruined my trip of a lifetime’ » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
The bank blocked the only card a Guardian feature writer had while on holiday in the US

Congratulations to Lloyds Bank for launching a timely mental health awareness campaign this month. In the Channel 4 adverts, famous people (including Jeremy Paxman and Victoria Pendleton) and members of the public, wear sticky notes on their heads featuring words and phrases such as bipolar disorder, agoraphobia, depression and anxiety. The voiceover tells us: “Mental health problems affect one in four of our customers, of our staff, of everyone. Let’s get it out in the open. Lloyds Bank – by your side.”

Of course we should get it out in the open. So let’s start with Lloyds Bank, and how it has contributed to my mental health problems by relying too heavily on algorithms and too little on human staff.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 10:15 ‘I’m 37, I’m dying and this is how I spend it’ » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Former recruitment consultant Rob Anderson on how he organises his finances – and why he isn’t keen on bucket lists

I live in the East End of London and own my flat. I have a brain tumour. I’m dying – it’s inoperable, and I’m halfway through my third round of chemo.

I try to live my life to the full, in four-week sprints, with a round of chemo coming up every month.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 10:14 Metro bank refuses to refund scammed customer » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
Bank accuses businessman of gross negligence after his account is cleared of £20,000

Metro bank is one of the fastest-expanding new banks in Britain, aiming for 100 branches. But what if your account falls victim to fraud? One customer says he is outraged after Metro refused to refund £20,000 stolen from his account, despite accepting he did not authorise the payments.

Paul Graham*, a Kent-based businessman, lost £20,000 after fraudsters were able to go into the Brixton, south London branch of mobile phone company EE and take over his phone account, which they used to set up a series of new online payments, that subsequently emptied his Metro account.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 10:14 Is it worth buying a cordless vacuum cleaner? » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Will pricey brands such as Dyson really pick up the dirt, or should I stick with a conventional one?

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.

This week’s question:

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 10:14 Stelios Haji-Ioannou’s new ‘easyIsa’ offers a 4% return » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
The ‘innovative’ savings product is expected to excite investors – but it is not risk-free

His business empire spans everything from low-cost flights, hotels and buses to coffee shops, dog-walking and groceries. Now Sir Stelios Haji-Ioannou is moving into the world of savings and investment with an Isa paying a headline-grabbing 4.05%. But this is far from a risk-free investment.

The billionaire founder of easyJet is launching (or rather, relaunching) a financial services arm called – what else? – easyMoney, and the Isa being unveiled on Saturday is the first of many planned products.

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Favicon for Finance News - Business news from the UK and world 09:58 More than 20 Red Cross workers were sacked or quit after cases of sexual misconduct » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 09:40 Florida shooting: NRA-linked firms hit by consumer boycott » Post from BBC News - Business Visit off-site link
Several businesses cut ties with the US gun lobby in the wake of the deadly Florida school shooting.
Favicon for Finance News - Business news from the UK and world 09:39 Prince Philip leads tributes to 'genius' Telegraph cartoonist Matt as he celebrates his 30th anniversary » 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 09:00 'People have gone chicken crazy': what the KFC crisis means for the brand » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

A logistics problem left the firm’s UK supplies sat in a warehouse. What went wrong and how will KFC and DHL recover?

At lunchtime on Friday, George Cheah, or George Junior as he is known, doesn’t really have the time to talk. “Honestly we are so busy, it’s gone absolutely mad. People have gone chicken crazy,” he says over the phone, while people shout orders in the background. Cheah’s family-run fried chicken joint, Chicken George in Luton, won best takeaway at the British Takeaway Awards in 2016 so they are never short of custom, but since the great fried chicken crisis of 2018 began more than a week ago they have been inundated.

“I reckon our business has doubled in the past week,” said Cheah. “We’ve been really, really busy, like packed. With KFC being shut, lots of people are tagging us on social media saying they’d rather have a George anyway.”

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Favicon for Finance News - Business news from the UK and world 08:01 Pictures of the Day: 24 February 2018 » Post from Finance News - Business news from the UK and world Visit off-site link
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 08:00 Isas: what are the best deals now interest rates are low? » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Cash Isas are falling out of favour – but there are deals to be found if you can lock money away

It’s tough for savers: the best-paying easy-access cash Isas – from Virgin Money and Leeds building society – pay just 1.21% interest. Meanwhile, official data earlier this month showed that inflation remained high at 3% in January – meaning savers are losing money in real terms.

That may help explain why cash Isas have collapsed in popularity, with government data showing a £20bn fall in the amount invested in the space of 12 months.

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Favicon for Finance News - Business news from the UK and world 07:30 Contactless card fraud overtakes cheque scams for first time » 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 06:46 Ecuador blames Britain for impasse over Julian Assange » 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 06:25 Woman survives rare great white shark attack in Sydney's Botany Bay » 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 05:33 EuroMillions results: UK ticket holder wins £78m as another seven pocket £1m » 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 02:49 Donald Trump's approval rating rises to 50 per cent in new poll » 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 02:33 Labour's general secretary Iain McNicol quits after 'tumultuous' tenure » 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 02:24 Police warning about fake fundraising account for dead girl » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 01:56 'Crash and burn' » Post from BBC News - Business Visit off-site link
Students are suffering from stress and anxiety owing to the pressures of housing costs, a survey has suggested.
Favicon for Finance News - Business news from the UK and world 01:35 National Rifle Association facing backlash as corporate giants drop links with gun lobby group » 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 24:2018, 24 photos of New Year's 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 00:58 'Oh boy:' Donald Trump jokes about trying to hide his bald spot » 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 00:02 UN poised to vote on ceasefire to end deadly bombing in Syria’s Ghouta » 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 00:00 French town ditches Devon twin in favour of Essex rival  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)

News stories from Friday 23 February, 2018

Favicon for Finance News - Business news from the UK and world 23:14 Nigel Farage ridicules his Russia-Trump connection claims: 'My only link to Russia is drinking the vodka' » 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 22:52 Jared Kushner's security clearance status is John Kelly's decision, Trump 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 22:43 Woman crashes car into White House barricade » 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 Archbishop of Canterbury: Remainers are like Marvin the depressed robot from the Hitchikers' Guide to the Galaxy  » 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 21:58 Trump campaign aide Richard Gates 'flips' and pleads guilty in Russia investigation » 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 21:46 France pledges 1,500 jail places to isolate radicalised inmates » 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 21:24 Lisa Marie Presley sues business manager after her $100m Elvis inheritance reduced to $14,000 » 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 21:18 Sat-navs are sending drivers down one of Britain's most prolific bus lanes, motorists say » 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 21:09 Pub offers hefty discount to customers who lock up their mobiles whilst eating » 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 21:00 Trickle-down trouble: Coalition risks backlash in enlisting Qantas to spruik tax cuts » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Ministers and airline boss Alan Joyce talk up the need for cuts. But if corporate profits keep rising while wages stagnate, voters will know who to blame

Having just managed to rid itself of one Joyce, the government has been keen to embrace another member of the clan. At Sydney airport on Friday, Mathias Cormann, the acting prime minister, and treasurer Scott Morrison enlisted Qantas chief executive Alan Joyce to promote their plan to cut corporate tax rates from 30% to 25%.

What better embodiment of Australian corporate success than the airline’s boss? After plumbing the depths four years ago with losses of $2.8bn, the national carrier is now soaring into the wide blue yonder of profitability this week with half-yearly earnings of $976m.

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Favicon for Finance News - Business news from the UK and world 20:57 Former boyfriend of Holby City star's daughter is charged with her manslaughter  » 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 20:36 Tunisia's Tijma troglodytes, 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 20:14 Jeff Fairburn's tin ear makes Persimmon the home of executive greed » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

He finally gave up a small fraction of his ‘preposterous’ bonus but too late in the game

Jeff Fairburn didn’t buckle when his chairman, as well as the head of Persimmon’s remuneration committee, resigned in December over his insistence on taking his £100m bonus in full.

Nor did he waver in the media storm that followed. He’d make a donation to charity, he eventually conceded, but never got round to defining what he meant by a “very meaningful” sum.

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Favicon for Finance News - Business news from the UK and world 20:00 Churches must switch off CCTV cameras during services as prayer should be private, court rules » 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 19:59 Snail racing competition postponed because snails are too “sluggish” to take part, organisers say » 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 19:40 Toys R Us faces bankruptcy, putting 3,200 jobs at risk » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Troubled retailer has been struggling to find a buyer before £15m VAT bill falls due

Toys R Us is expected to tumble into administration next week after last ditch talks to find a buyer faltered.

The move will put 3,200 jobs at risk and follows the recent decision by its bankrupt American parent to try to sell the loss-making UK business as well its other European stores.

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Favicon for Finance News - Business news from the UK and world 19:25 Nurses should call doctors by their first names to prevent patient deaths, says Jeremy Hunt » 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 Family promised dying woman they would be buried next to her - then discovered a stranger had been buried there » 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 18:59 Stolen Degas painting found on a bus near Paris » 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 18:57 Ex-BHS boss Dominic Chappell ordered to pay £87,000 in pensions case » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

He says he is broke and can’t pay, after court rules he failed to give information to regulator

The former owner of BHS, Dominic Chappell, has been ordered to pay a £50,000 fine and £37,000 court costs for failing to disclose vital details to the pensions watchdog as part of its investigation into the collapse of the high street chain.

The fine – which Chappell said he could not pay because he had “no funds” – comes on top of a demand from the Pensions Regulator (TPR) for £10m to help plug the hole in BHS’s pension fund.

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Favicon for BBC News - Business 18:36 KFC's cheeky apology for chicken chaos » Post from BBC News - Business Visit off-site link
KFC has taken a cheeky approach to apologising for the supply chain chaos that closed more than 700 restaurants. How did it go down with the customers?
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 18:31 Can this man save our high streets? » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Philip Day is the opposite of the brash entrepreneur, yet he’s quietly showing his retail rivals the way

The turnover of shops on Britain’s high streets chart the rise and fall of retail empires as once popular brands and their owners fall out of fashion.

The 2016 collapse of BHS shocked the foundations of Sir Philip Green’s retail empire and the mooted sale of his Topshop to Burton group Arcadia would bring the final curtain down on a near 20-year reign as king of the high street. But as one billionaire Philip fades into the background, another is hoving into view.

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Favicon for BBC News - Business 18:30 Ex-BHS owner Dominic Chappell fined £87,000 » Post from BBC News - Business Visit off-site link
The fine was imposed for failing to provide information about BHS's pension schemes.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 18:19 Big six energy companies routinely overcharging customers – exclusive » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Analysis for the Guardian shows most companies charging customers the same after switching them to ‘cheaper’ tariffs

The UK’s big six energy companies have been accused of dirty tricks after analysis for the Guardian revealed that they are routinely charging customers almost exactly the same amount after switching them off controversial default tariffs.

In the face of Theresa May’s plans to impose a price cap on standard variable tariffs (SVTs), which more than half of energy customers are on despite their steep prices, companies such as British Gas, E.ON and SSE have pledged to phase out such tariffs and shift billpayers onto better value fixed deals.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 18:15 RBS posts its first profit in 10 years » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Boss of taxpayer-owned bank hails profit as ‘symbolic moment’ despite looming litigation

Royal Bank of Scotland has posted its first annual profit in a decade, but admitted it is braced for a multibillion-pound hit from US regulators.

The bank, which is still 71%-owned by the government, made a profit of £752m in 2017, following a £7bn loss in 2016. Its chief executive, Ross McEwan, declared it a symbolic moment and an indication RBS had moved on. The bank, however, would still have been in the red if a long-anticipated fine from the US Department of Justice (DoJ) had arrived during the financial year.

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Favicon for Finance News - Business news from the UK and world 18:12 400kg of cocaine seized at Russian embassy in Argentina » 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 17:33 US will 'move its embassy to Jerusalem by May' » 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 17:30 Let’s move to Hebden Bridge, West Yorks: a rain-soaked paradise » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

If the roots of its liberal and creative image are a mystery, its appeal is obvious

What’s going for it? Nobody knows why Hebden Bridge became “Hebden Bridge”, officially the quirkiest/kookiest/koolest/most LGBTQ-friendly/least chain-store-y etc small town in the universe. I have asked. I asked the people in the herb shop on the narrowboat, at the market, on the towpath, at the Trades Club. I asked Urban Boffins in the university faculty I teach in. Nobody knows. It looks like other northern, post-industrial former mill towns: canal, steep valley, Methodist chapels, chimneys... It feels, though, utterly different, a little rain-soaked paradise. You’d never have guessed it from Hebden Bridge’s starring role in Happy Valley’s grimfest; nor from local boy Ted Hughes’ poem Stubbing Wharfe: “the hopeless old stone trap”. Two decades after he wrote that in the 1950s, though, others saw what he couldn’t – artists, hippies and conservationists doing up its cheap, knackered buildings. Today the town feels festive even on a wet winter Tuesday: all co-ops, carrot cake and bunting – blunt Yorkshire wit, though, perfectly tempering the earnestness.

The case against… Such is the demand to live here, and such is the shortage of space, you’ll pay a premium to move in. Floods: though how well it bounced back from the last, in 2016. Cosmopolitan it may be, but it’s still a very small town. Occasionally tends towards over-kookiness.

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Favicon for Finance News - Business news from the UK and world 17:27 Burmese government bulldozes scores of Rohingya villages » 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 17:20 German politician compares hard-right AfD to Nazis in dramatic parliamentary attack » 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 16:55 King's College London graduate accused of harassing lecturer with gifts and unwanted visits » 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 16:47 Brightly painted homes – in pictures » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Show your true colours with these visually stunning properties, from Devon to Norfolk

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 16:45 Heathrow: budget row threatens to further delay third runway » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Airlines back cheaper rival bid, warning projected spend could increase passenger costs

The chances of a smooth take off for Heathrow’s expansion plans were always slim, but an unexpected obstacle has arisen in the path of a third runway. Some of Britain’s biggest airlines have lent their voices to a rival proposal to develop Heathrow for some £5bn less than the airport itself declares necessary, fuelling a row over costs and throwing fresh uncertainty on the scheme.

A crucial vote on the government’s approval to expand the London hub is due this summer, but MPs were left confused after being told by the airport’s main customers this week not to trust Heathrow with its £14.3bn budget for a new runway. Airline executives warned the cost estimate could prove “grossly off target” and make the airport unaffordable as the overspends are passed on to carriers – and then passengers – via higher landing charges.

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Favicon for Finance News - Business news from the UK and world 16:17 Duchess of Cambridge gets a henna tattoo on visit to Sunderland » 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 16:17 Prince Harry and Meghan Markle anthrax scare treated as 'racist hate crime' after letter with white powder sent to palace » 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 15:51 RBS shares drop 4% on fears of heavy US fines - as it happened » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

2.51pm GMT

Royal Bank of Scotland has moved back into profit after nine years of losses, prompting chief executive Ross McEwan to hail “a symbolic moment”. But the bank has not included provisions for potential fines from the US Department of Justice, which are likely to knock results in the coming months.

In other big UK results, there were positive reactions to Pearson but less so for British Airways owner International Airlines.

2.34pm GMT

US markets have followed up Thursday’s gains with a strong opening on the last trading day of the week.

The Dow Jones Industrial Average is currently up 186 points or 0.75%, while the S&P 500 opened up 0.57% and the Nasdaq Composite is 0.7% better. A dip in bond yields, which eased from recent highs after Federal Reserve member James Bullard seemed to warn against too many interest rate rises this year, helped lift share prices.

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Favicon for Finance News - Business news from the UK and world 15:51 Brothers killed in suspected hit and run in Coventry are named » 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 15:39 Trump to announce 'largest ever' North Korea sanctions » 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 15:37 UK weather: Snow warnings as 'beast from the East' grips Britain and 'postpones' spring » 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 15:29 Lions charge towards safari park visitors after they are 'trapped' in enclosure for almost an hour » 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 Grand Canyon helicopter crash: Newlywed becomes fourth Briton to die » 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 15:26 Armed officer at Florida school who failed to confront gunman 'believed he did a good job' » 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 15:09 Russian mercenary boss spoke with Kremlin before attacking US forces in Syria, intel claims » 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 15:00 'Here we don't have to hide our ambition': the rise of the women-only workspace » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

In-house yoga, comfy sofas, film nights: is a new breed of women-only members’ clubs the way to get ahead at work?

It’s a drizzly, cold evening in January. The steps outside 11 Rathbone Place, a five-storey Georgian townhouse just off London’s Oxford Street, are covered in brick dust and the door – nondescript, black, chipped – has electrical tape stuck to it. A slogan plastered across the huge front windows paraphrases Virginia Woolf: “A woman must have money and a room of her own.” I press the bell, which looks broken; there’s silence followed by laughter and a clatter. The door flies open, and there stands Debbie Wosskow clad head to toe in red sequins. “Come in!” she grins, a human glitterball in the midst of a building site. “And welcome to the AllBright Club!” This “hard hat tour” is obviously a far more glamorous affair than I’ve dressed for.

Wosskow (a 42-year-old entrepreneur who sold her company, Love Home Swap, last summer for £40m) and her business partner Anna Jones (41-year-old ex-CEO of the magazine publisher Hearst) have been furiously busy since late last year, when they announced plans to open a women-only private members’ club. Tonight they will host a party for 150 of the 400 founder members – Wosskow calls them women “of all ages and all stages” – who were chosen by a panel to ensure a diversity of professions, ages, ethnicities and experience. Seventy per cent of applicants said their reason for wanting to join was “building their network of other women”. The AllBright has already attracted actors Naomie Harris and Ruth Wilson, Mobo awards founder Kanya King, Martha Lane Fox, Sarah Brown and women from business, politics, media, business and fashion; Wosskow and Jones’s goal is a total membership of 1,000, paying £50 a month.

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Favicon for Finance News - Business news from the UK and world 14:59 Why it is extremely unlikely the new Royal baby will be called John » 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 14:44 Boko Haram girls were not freed in heroic mission after all, Nigerian officials admit » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 14:27 'Disbelief and discontent' over rail timetable changes » Post from BBC News - Business Visit off-site link
New train timetables could be published just four weeks before journeys are due to happen
Favicon for BBC News - Business 13:45 Standard Life Aberdeen sells insurance business for over £3bn » Post from BBC News - Business Visit off-site link
Standard Life Aberdeen reaches a deal with Phoenix Group to sell one of the UK's oldest insurance companies.
Favicon for Finance News - Business news from the UK and world 13:36 Newcastle grooming gangs acted with 'arrogant persistence', serious case review finds » 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 13:18 Seven killed in Indonesia as hillside collapses in Java » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/png)
Favicon for BBC News - Business 13:17 RBS reports first profit in 10 years » Post from BBC News - Business Visit off-site link
The taxpayer-owned bank has reported an annual profit for the first time since the financial crisis.
Favicon for Finance News - Business news from the UK and world 13:11 Stephen Fry reveals prostate cancer diagnosis » 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 EU arsenic warning over magnetic putty children's toy » Post from BBC News - Business Visit off-site link
A magnetic putty toy is no longer on sale after dangerous levels of arsenic were found in a product.
Favicon for BBC News - Business 12:40 Persimmon chief's bonus cut by £25m » Post from BBC News - Business Visit off-site link
Bonuses to top executives at housebuilder Persimmon are cut following criticism over excessive rewards.
Favicon for BBC News - Business 12:29 Electric powered Minis to be built in China » Post from BBC News - Business Visit off-site link
BMW plans a partnership with a Chinese firm to build electric-powered Minis in China.
Favicon for BBC News - Business 12:17 'We're trying to become Africa's Madame Tussauds' » Post from BBC News - Business Visit off-site link
The owner of Durban's wax museum, Lungelo Gumede, talks about his sculptures.
Favicon for BBC News - Business 12:03 Kylie Jenner 'sooo over' Snapchat - and shares tumble » Post from BBC News - Business Visit off-site link
Shares in Snapchat's owner sink after the reality TV star tweets her criticism of the messaging app.
Favicon for BBC News - Business 12:00 Can Liberia's celebrity president tackle the economy? » Post from BBC News - Business Visit off-site link
Former international footballer and now Liberian president, George Weah says fixing the economy is his main goal.
Favicon for BBC News - Business 11:53 Making cosmetics from Russian herbs » Post from BBC News - Business Visit off-site link
How Russian hair and skincare company Natura Siberica become a popular global brand.
Favicon for BBC News - Business 11:28 Wot, no signal? » Post from BBC News - Business Visit off-site link
Billions of people still have no access to mobile services, but nano-satellites could change this.
Favicon for BBC News - Business 11:10 BT told to share poles for ultrafast fibre internet » Post from BBC News - Business Visit off-site link
BT must make it easier for rivals to install fibre broadband on telegraph poles, Ofcom says.