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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.
Favicon for BBC News - Business 10:30 William Hill pushed into loss by Australia writedown » Post from BBC News - Business Visit off-site link
The bookmaker reports an annual loss of £75m after slashing the value of its Australian business.
Favicon for Finance News - Business news from the UK and world 10:29 Grand Canyon crash that killed Britons happened on tribal land with fewer aviation regulations » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 10:20 RBS profit 'very symbolic' says McEwan » Post from BBC News - Business Visit off-site link
RBS turning an annual profit for the first time in ten years is welcomed by chief executive Ross McEwan.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 10:19 Persimmon slashes boss's bonus … to just £75m » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Housebuilder cuts controversial bonuses to top trio following public outcry

Persimmon is reducing bonus payouts to three top executives by £51m, including a £25m cut for its chief executive, after the UK’s second largest housebuilder was strongly criticised over its huge payout plans.

The FTSE 100 firm said a bonus of £100m for its chief executive, Jeff Fairburn, would be cut to £75m under the company’s long-term incentive bonus plan.

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Favicon for Finance News - Business news from the UK and world 10:16 Ivanka Trump arrives in South Korea for Winter Olympics closing ceremony » 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 09:58 Ivanka Trump arrives in South Korea for 2018 Winter Olympics closing ceremony » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 09:32 China seizes control of insurance giant Anbang » Post from BBC News - Business Visit off-site link
In an unusual move Anbang Insurance will be run by the government for one year.
Favicon for Finance News - Business news from the UK and world 09:11 Front Bench: There was agreement at Chequers on Brexit, but there's still a parliamentary battle to win. Have your say on who will win » 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 08:45 'You don't raise interest rates when unemployment rises' – experts debate Brexit watch data » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Two former members of Bank of England’s interest rate-setting committee discuss the outlook consumers are squeezed by inflation

The economy is starting to deteriorate
February verdict in charts

Senior economic adviser at the PwC consultancy and member of the Bank of England’s monetary policy committee from October 2006 to May 2011

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 08:44 Centrica feels the heat but avoids cutting the dividend yet again | Nils Pratley » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Centrica’s Iain Conn issued regrets on many fronts but probably saved his job – for now

The Centrica chief executive, Iain Conn, avoided the indignity of cutting the dividend for a second time in three years and has probably saved his job as a result, at least for now. It will be 4,000 colleagues who lose theirs as the company embarks on another round of cost-cutting in search of stability.

Conn found himself issuing regrets on many fronts – to the affected workers and to investors for “a very poor shareholder experience”. You bet: he inherited a share price of 279p at the start of 2015 and it’s now just 142p, even with Thursday’s 7% relief bounce.

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Favicon for Finance News - Business news from the UK and world 08:03 Pictures of the Day: 23 February 2018 » 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 07:09 'This has got to stop': Australia's deputy leader resigns amid scandals » 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 07:00 Scottish granite is at the heart of curling » 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 06:47 From paper to fuel, North Koreans endure widespread shortages as sanctions take their toll  » 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 Japanese airbag maker Takata reaches settlement in US » Post from BBC News - Business Visit off-site link
The penalty will not be paid, however, as Takata's US arm TK Holdings is in bankruptcy proceedings.
Favicon for BBC News - Business 01:11 The fashion show with Hollywood visual effects » Post from BBC News - Business Visit off-site link
Lucasfilm’s ILMxLAB and the London College of Fashion used a virtual avatar to join catwalk models.
Favicon for BBC News - Business 01:11 How duct tape became a million dollar idea » Post from BBC News - Business Visit off-site link
The BBC's Aaron Heslehurst explains how duct tape became a million dollar idea.
Favicon for BBC News - Business 01:10 Is nationalisation the answer for Britain's railways? » Post from BBC News - Business Visit off-site link
Labour wants to renationalise Britain's railways but 75% of the industry is already under public control.
Favicon for BBC News - Business 01:10 Rail regulation » Post from BBC News - Business Visit off-site link
Labour wants to bring Britain's railways back under public control, but 75% of the industry is already nationalised.
Favicon for BBC News - Business 01:10 British Rail could be revived under Labour » Post from BBC News - Business Visit off-site link
The shadow chancellor says a Labour government would bring together tracks and trains again.
Favicon for Finance News - Business news from the UK and world 01:01 NHS drug errors may be causing up to 22,000 deaths every year  » 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 Britons work so much for free overtime they only start getting paid this year's salary from today, analysis shows » 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 Fruit tea and diet drinks between meals are fuelling tooth erosion dentists warn  » 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 00:39 Woolworths first-half profit soars 38% to $969m » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Retail giant outpaces Coles in food sales in what its chief executive called an early sign of the group’s transformation

Woolworths has increased its first-half profit by 37.6% to $969m as it continued its recovery from a costly exit from the home improvement sector. 

The retail giant saw a 4.9% rise year on year in comparable food sales, far outpacing that of rival Coles, which on Wednesday recorded comparable food and liquor sales growth of 0.9% for the half.

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Favicon for Finance News - Business news from the UK and world 00:31 Robert Mueller files fresh indictments against ex-Trump campaign aides Paul Manafort and Rick Gates » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)

News stories from Thursday 22 February, 2018

Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 23:45 Freehold of 'worst leasehold abuse' block sold for £180,000 » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Anonymous buyer picks up right to collect soaring ground rents on Blythe Court flats from freeholder MPs described as crook

The freehold to a block of flats in Birmingham regarded as the worst example of leasehold abuse in the country has been snapped up by an anonymous buyer for £180,000.

The deal leaves buyers of the small one-bedroom flats – who thought they would be paying just £250 a year in ground rent – locked into bills of up to £8,000 a year and ultimately spiralling to £8m a year over the life of the lease.

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Favicon for Finance News - Business news from the UK and world 22:41 Questions after Royal Navy uses patrol boat to shadow Russian ships » 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 22:36 Oxfam sex scandal: Now Haiti suspends the charity from working in the country » 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 22:30 Ed Sheeran: why don't more men wear engagement rings? » 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 21:51 Mastermind of attacks on the South to head North Korean delegation to Olympic closing ceremony » 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 Lonely hearts couple who met on Muslim dating site jailed for 26 years over UK terror plot » 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 21:21 France's first mixed-race Joan of Arc hit by torrent of racist abuse » 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 21:02 Treasury targets Facebook and Google with 'fair' tax system » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Chancellor expected to levy tax on digital businesses’ UK revenues rather than profits

The Treasury is threatening digital companies such as Facebook and Google with a new tax, as it pushes for global agreement on a fairer system for ensuring digital businesses pay their way.

The chancellor, Philip Hammond, is expected to use next month’s spring statement to announce the results of a consultation launched by the Treasury in November, on how to update the tax system to reflect the nature of online businesses.

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Favicon for Finance News - Business news from the UK and world 20:52 Donald Campbell's Bluebird hydroplane to return to the water - in Scotland » 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 20:49 Outrage as patient calls 999 then thanks paramedics for free ride » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 20:36 What kind of away day would help ministers crack Brexit differences? » Post from BBC News - Business Visit off-site link
With Theresa May hosting an away-day, what team bonding might ministers try if they can't build a Brexit consensus.
Favicon for Finance News - Business news from the UK and world 20:28 Businessman plans to burn 'body parts and organs' to create energy  » 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 20:28 Scottish whisky suffers EU court setback in battle over Germany's Glen Buchenbach » 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 20:21 Fears neo-Nazis are seeking influence at one of Germany's biggest car makers in threat to trade union  » 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 20:11 Nicolas Maduro to hold ‘mega-election’ at all levels in Venezuela despite opposition boycott » 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 20:10 Emmanuel Macron promises to stop foreign investors buying up French farms after China land grab   » 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 20:00 Neanderthal art was far better than previously thought as scientists find they made earliest cave paintings  » 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 20:00 Scientists grow 'mini tumours' which enable cancer patients to have tailor made treatment  » 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 Marine Le Pen's niece tells Trump supporters: We want our country back too » 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 19:49 Scottish Nationalists criticised over 'insane' stunt to form human chain to the peak of Ben Nevis » 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 19:45 Britain urges Russia not to veto UN ceasefire resolution and end 'merciless' assault on Eastern 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 19:44 Satellite which beamed Live Aid gig around the world in £2m upgrade to allow Britain to communicate with Mars space missions » 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 19:29 Donald Trump's in-laws may have benefited from 'chain migration' process he rails against » 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 18:42 Care home hired pole dancers to put on show for elderly residents » 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 18:18 Hero police officer catches falling child in Egypt  » 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 18:09 UK economy lags behind G7 rivals as growth revised down - as it happened » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

UK growth during 2017 has been revised down to 1.7%.

Earlier:

5.09pm GMT

And finally, Britain’s stock market clawed back some of its losses to end the day down 29 points, or 0.4%, at 7272 points.

That’s partly thanks to a pick-up on Wall Street, where traders welcomed today’s strong weekly jobless figures.

UK GDP was revised downwards to 0.4% quarter on quarter, missing expectations of 0.5%. Britain grew just 1.4% year on year making it the slowest growing major economy, lagging behind Italy and Japan, as Brexit uncertainties continue to impact on data.

Whilst this isn’t a huge downwards revision, it was sufficient to knock investor confidence over whether the BoE will be able to hike rates as soon as May. The question arises once again as to whether the UK economy is strong enough to sustain a rate rise in the Spring, with so many Brexit uncertainties still unresolved.

2.14pm GMT

Here’s our full story on today’s growth figures, by my colleague Angela Monaghan:

Britain’s economy grew at a slower rate than first thought in the final three months of 2017, leaving the UK lagging further behind other major economies as it prepares to leave the EU.

The Office for National Statistics revised down its estimate for UK growth in the fourth quarter to 0.4%, following an earlier estimate of 0.5% and missing economists’ forecasts that the rate would be unchanged.

Related: UK economic growth slows to weakest rate in five years

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Favicon for Finance News - Business news from the UK and world 17:51 Team GB gymnast teaches elderly people how to stay on their feet  » 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 17:40 British firefighter saves woman who fell into active Bali volcano » 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 17:23 Barclays reveals big gender pay gaps across UK banking group » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

International division’s median hourly pay gap was 43.5% with 73% gap for bonuses, report says

Men working for Barclays’ international division got paid bonuses that were more than double those of their female colleagues last year, with far fewer women occupying senior roles.

Released on the day Barclays slid to a near-£2bn loss, the bank’s 2017 gender pay gap report shows there are big pay gaps between men and women in all three parts of the banking group in the UK.

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Favicon for Finance News - Business news from the UK and world 17:11 Donald Trump defends NRA as ‘great American patriots’ as he doubles down on call to arm teachers » 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 16:53 French police move in to clear nuclear storage protests » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 16:46 Women earn up to 43% less at Barclays » Post from BBC News - Business Visit off-site link
The bank's boss, Jes Staley, says it has "more work to do" as the gender pay gap figures are released.
Favicon for Finance News - Business news from the UK and world 16:44 British couple kidnapped in South Africa » 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 16:40 Killer on home leave who attempted to murder a dog walker may never be released from prison » 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 16:30 Eurostar's direct London-Amsterdam tickets on sale after IT hold-up » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Technical issues with a reservation system appear to be behind two-day delay that prevented rail customers from booking tickets for the new route, which is due to start in April

Tickets for Eurostar’s new direct high-speed rail service from London to Amsterdam went on sale on Thursday, after a last-minute IT glitch delayed plans for the original launch on Tuesday afternoon.

The eagerly anticipated new route starts running on Wednesday 4 April, with fares from London to Rotterdam and Amsterdam starting at £35 each way. Tickets were due to go on sale on 20 February and on the same day as a special high-profile inaugural service to the city. But in a tweet that evening the company said it had delayed the launch.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 16:22 Greece to investigate top politicians over Novartis bribery claims » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

MPs to look into accusations 10 senior officials accepted bribes from Swiss pharmaceutical firm

The Greek parliament is to investigate ten of the country’s top politicians over accusations they accepted bribes from the Swiss pharmaceutical firm Novartis in return for patronage that resulted in huge losses for the nation.

After a raucous 20-hour debate, MPs voted early on Thursday to form a parliamentary committee tasked solely with investigating two former prime ministers and eight other ministers in connection with the allegations.

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Favicon for Finance News - Business news from the UK and world 16:20 US radio presenter gives birth live on air to share the experience with her listeners  » 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 16:05 Latest Boko Haram kidnappings are 'challenge to Nigerian government' » 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 16:03 FA Cup ball used in the 'Matthews Final' sold at auction » 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 15:52 Woman who climbed tree to save stuck kitten has to be rescued by fire brigade alongside pet  » 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 15:35 Living in Afghanistan was better than Aldershot, soldiers tell MoD in protest over 'freezing' barracks » 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 15:20 Iran 'may quit nuclear deal' if Donald Trump sabotages benefits of sanctions relief, minister warns » 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 15:07 Nazanin Zaghari-Ratcliffe's release 'linked to interest on UK debt to Iran' » 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 15:04 Heathrow boss hits back at airlines over expansion cost claims » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

John Holland-Kaye says airport is not looking to protect the self-interest of British Airways

Heathrow has hit back at airlines’ claims that its expansion plans would blow the £14.3bn budget and drive up charges, saying it was looking out for passengers and the local community and not to “protect the self-interest” of British Airways.

Airline executives, led by Willie Walsh of BA’s parent company, IAG, told MPs on the transport select committee this week that they should not trust Heathrow and warned that a “grossly off-target” budget could make the airport unaffordable.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 15:00 Manchester United end 13-year wait for official YouTube channel » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Lure of video-sharing site’s 1.3bn users finally has club ready to play catchup with football rivals

Manchester United is to launch an official YouTube channel after a 13-year absence as it looks to build its brand and commercial income in a deal with the world’s biggest video-sharing site.

Manchester United is the only Premier League team, and the only one of the world’s biggest clubs, not to create an official channel since YouTube launched in 2005.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 14:48 KFC struggles to give chicken away after store supply crisis » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Several charities pour cold water on fast-food chain’s stated aim to donate surplus poultry

KFC is struggling to find charities to which it can donate thousands of tonnes of surplus chicken that has been stored in an unregistered depot during a supply crisis that has closed more than 200 stores for almost a week, inquiries by the Guardian suggest.

On Wednesday, the fast-food chain admitted that it would have to destroy at least some of the chicken at a cold storage facility in Rugby. It is run by DHL, the company in charge of a troubled supply contract with 900 KFC outlets.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 14:30 The Brexit economy: things are starting to deteriorate » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Cracks are starting to appear in UK economic resilience, with unemployment rising and growth slowing

The British economy is showing signs of deteriorating just as the government attempts to reassert its vision for Brexit, according to a Guardian analysis of economic news over the past month that highlights the country’s increasingly fragile position on the world stage.

Cracks are beginning to appear in the picture of economic resilience built up during the final months of 2017, when a sustained upswing in global growth helped to lift economic output in Britain. Fresh figures this week also showed the economy grew more slowly than first thought in the final three months of 2017, with GDP growth having been revised down to 0.4% from 0.5% – putting the UK at the bottom of the G7 league table.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 14:30 How has the Brexit vote affected the economy? February verdict » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media
Favicon for BBC News - Business 14:24 Saudi Arabia to invest $64bn in entertainment » Post from BBC News - Business Visit off-site link
The conservative kingdom promises thousands of Western-style events, include Cirque de Soleil.
Favicon for BBC News - Business 14:11 Brexit blamed by Stockport smart meter firm intending to axe 288 staff » Post from BBC News - Business Visit off-site link
British Gas supplier Landis+Gyr says production costs have risen by 20% since the EU referendum in 2016.
Favicon for BBC News - Business 14:02 More KFC outlets reopen as chicken chaos eases » Post from BBC News - Business Visit off-site link
Almost 700 stores are trading again following the week-long chicken delivery fiasco.
Favicon for Finance News - Business news from the UK and world 13:19 Montenegro police investigating 'suicide' grenade attack on US embassy » 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 13:15 Christopher Eccleston: I don't get offered Shakespeare roles because I have a northern accent » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 13:14 Fashion company loses social media followers over same-sex ads » Post from BBC News - Business Visit off-site link
A men's suit company in the Netherlands faces "homophobic" backlash over their new same-sex adverts.
Favicon for Finance News - Business news from the UK and world 13:09 YouTube deletes video claiming Florida shooting survivor is actor after it becomes top trending clip  » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 13:07 UK economic growth revised downwards » Post from BBC News - Business Visit off-site link
Economic growth was a worse than expected 0.4% in the last three months of 2017, official figures say.
Favicon for Finance News - Business news from the UK and world 13:02 M20 murder inquiry after body found on motorway shuts road for 24 hours » 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 12:59 China hands out free TVs to beam propaganda into poorest regions » 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 12:46 UK economic growth slows to weakest rate in five years » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

G7 rivals outpace UK as consumers rein in spending amid Brexit-fuelled price inflation

Britain’s economy grew at a slower rate than first thought in the final three months of 2017, leaving the UK lagging further behind other major economies as it prepares to leave the EU.

The Office for National Statistics revised down its estimate for UK growth in the fourth quarter to 0.4%, following an earlier estimate of 0.5% and missing economists’ forecasts that the rate would be unchanged.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 12:33 MPs attack pension regulator at Carillion inquiry » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Regulators heavily criticised amid claim firm’s ex-finance chief called pensions ‘a waste of money’

Carillion’s former finance director described pension payments as a “waste of money”, MPs conducting a parliamentary inquiry into the collapse of the government contractor have said.

MPs referred to the alleged comment during a sometimes savage evidence session that involved heavy criticism of The Pensions Regulator over its grasp of key facts.

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Favicon for Finance News - Business news from the UK and world 12:29 Russian opposition leader Alexei Navalny detained before election » 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 12:22 Dutch fail in attempt to charge tobacco firms with attempted murder » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

Prosecutors refuse to open criminal investigation into four majors as it ‘would not succeed’

Dutch public prosecutors have refused to open a formal criminal investigation into four major international tobacco companies on charges of attempted murder or manslaughter, saying there is too little chance of a conviction.

Anne Marie van Veen, a Dutch lung cancer patient, and an Amsterdam lawyer, Bénédicte Ficq, filed a criminal complaint in 2016 accusing the tobacco majors of intentionally aiming to turn smokers into addicts and of causing “deliberate damage to public health”.

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Favicon for Finance News - Business news from the UK and world 12:12 Justin Trudeau's India trip under renewed scrutiny over links to Sikh terrorist » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 12:07 The fashion firm bringing tinsel to the high street » Post from BBC News - Business Visit off-site link
The tinsel revolution: A design company which started in a bedroom is expanding to the high street.
Favicon for BBC News - Business 12:07 Sacked pregnant worker loses European court case » Post from BBC News - Business Visit off-site link
EU judges defend a Spanish bank's dismissal of a pregnant worker in general staff cuts.
Favicon for BBC News - Business 12:01 Barclays takes £127m hit from Carillion collapse » Post from BBC News - Business Visit off-site link
The bank reveals how much the collapse of the outsourcing giant cost it, but its profits still rose.
Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 11:37 EU27 rule out UK's preferred approach to future trade deal » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

‘Three basket approach’ would breach agreement to prevent cherry-picking, says Brussels

The EU has ruled out the UK government’s preferred approach to a future trade deal, describing it as a risk to the European project, just as Theresa May is seeking to strike an agreement on the way forward within her cabinet.

The inner cabinet is meeting at Chequers on Thursday to try to find an agreement among warring cabinet members on an approach sketched out to ministers by the prime minister’s Brexit adviser, Olly Robbins.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 11:37 Is this the worst leasehold block in Britain? » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

£8,000 a year ground rent bill for buyers already and rising towards £8m – as watchdog warns time’s up for leasehold

The freehold to a 1960s block of flats near Birmingham regarded as the worst example of leasehold abuse in Britain will be auctioned on Thursday, as a new report warns that the leasehold system is on borrowed time.

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Favicon for Latest financial, market & economic news and analysis | guardian.co.uk 11:35 Barclays reports £1.9bn loss amid Trump tax changes » Post from Latest financial, market & economic news and analysis | guardian.co.uk Visit off-site link View media

A £900m charge for US tax changes, litigation bills, cost of exiting Africa and Carillion collapse all blamed

Hefty charges related to Donald Trump’s corporate tax changes, the cost of exiting Africa, the collapse of Carillion and legal battles pushed Barclays nearly £2bn into the red last year.

Chief executive Jes Staley, who hailed a year of “considerable strategic progress”, collected a pay package of £3.9m, down from £4.2m, with his annual bonus cut to £1.07m from £1.3m and benefits also down, while his salary stayed at £2.4m.

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Favicon for Finance News - Business news from the UK and world 11:34 Pupils threatened with isolation if they sport 'meet me at McDonald's' haircut » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/png)
Favicon for BBC News - Business 11:31 British Gas owner Centrica to cut 4,000 jobs after 'weak' year » Post from BBC News - Business Visit off-site link
The cuts come after what Centrica said was a "weak" performance at the end of 2017.
Favicon for Finance News - Business news from the UK and world 11:24 Net migration from Europe falls below 100,000 for first time since 2013  » 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 11:17 Merkel calls for end to 'massacre' in Eastern Ghouta ahead of UN vote on possible ceasefire » Post from Finance News - Business news from the UK and world Visit off-site link View media (image/jpeg)
Favicon for BBC News - Business 10:49 Stansted Airport plan for 43 million passengers » Post from BBC News - Business Visit off-site link
The airport says increasing its annual passenger limit by eight million would create 5,000 jobs.