Topic filter : Closure

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....6m to reopen a mothballed plant in Bedwas, near Caerphilly, which it closed in 2014 because of tough market conditions and overcapacity. The reopening brings back the same number of jobs over the next five years as were lost in the closure. ... [Read full article on Guardian ]
Sunday 17th of September 2017 11:01:53 PM
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....In recent years the US Federal Trade Commission (FTC) has also ramped up its efforts to get influencers to “clearly and conspicuously” disclose their relationships to brands. Letters from the FTC to celebrities reminding them of their obligations noted that many disclosures had not been sufficiently clear. ... [Read full article on Guardian ]
Friday 15th of September 2017 11:26:40 PM
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....The UK government made the announcement on the taskforce to coincide with the opening of Climate Week in New York. There, some UK companies including Aviva, WPP and Marks & Spencer joined with others from around the world to endorse the disclosure of climate risks to investors. ... [Read full article on Guardian ]
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....Lego and Toys R Us are not alone in having a tough time. It has been a torrid year for US retailers, with analysts referring to the “retail apocalypse” as US “main street” veterans including Macy’s and Sears push through major store closure programmes as, like here, spending moves online and into other areas such as eating out and experiences. ... [Read full article on Guardian ]
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....He said the current furore over Ryanair’s flight cancellations was an illustration of what can happen when things go wrong. He said US carriers had learned to their cost what it was like to leave decisions in politicians’ hands when air traffic control was threatened with closure in the US in 2013 because the national budget was not agreed in a “sequestration” debacle. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 05:00:37 AM
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....BTCChina, one of the biggest Chinese exchanges, said on Thursday it would stop all trading by 30 September. It was followed by a series of other exchanges, including OkCoin and Huobi, announcing closures on Friday. ... [Read full article on Guardian ]
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....On Tuesday, investors will get some insight into the first half of this year, when the company releases its statement for the period. Last March, the company reported its fifth consecutive year of losses amid weak demand for its clothes, store closures and competition in the sector. ... [Read full article on Guardian ]
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Latest Finance News related to Closure

US airlines 'very concerned' over aviation regulations post-Brexit image
Source : Guardian [Read Article] Wednesday 20th of September 2017 05:00:37 AM
....He said the current furore over Ryanair’s flight cancellations was an illustration of what can happen when things go wrong. He said US carriers had learned to their cost what it was like to leave decisions in politicians’ hands when air traffic control was threatened with closure in the US in 2013 because the national budget was not agreed in a “sequestration” debacle. ...
Ministers launch group to help boost green business investment image
Source : Guardian [Read Article] Monday 18th of September 2017 05:28:07 PM
....The UK government made the announcement on the taskforce to coincide with the opening of Climate Week in New York. There, some UK companies including Aviva, WPP and Marks & Spencer joined with others from around the world to endorse the disclosure of climate risks to investors. ...
South Wales aluminium factory to manufacture low-emission taxi image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
....6m to reopen a mothballed plant in Bedwas, near Caerphilly, which it closed in 2014 because of tough market conditions and overcapacity. The reopening brings back the same number of jobs over the next five years as were lost in the closure. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
....On Tuesday, investors will get some insight into the first half of this year, when the company releases its statement for the period. Last March, the company reported its fifth consecutive year of losses amid weak demand for its clothes, store closures and competition in the sector. ...
Crisis in Toyland: how the shift online places our childhood favourites in peril image
....Lego and Toys R Us are not alone in having a tough time. It has been a torrid year for US retailers, with analysts referring to the “retail apocalypse” as US “main street” veterans including Macy’s and Sears push through major store closure programmes as, like here, spending moves online and into other areas such as eating out and experiences. ...
Social media stars face crackdown over money from brands image
Source : Guardian [Read Article] Friday 15th of September 2017 11:26:40 PM
....In recent years the US Federal Trade Commission (FTC) has also ramped up its efforts to get influencers to “clearly and conspicuously” disclose their relationships to brands. Letters from the FTC to celebrities reminding them of their obligations noted that many disclosures had not been sufficiently clear. ...
Bitcoin value plummets after China orders trading in currency to cease image
Source : Guardian [Read Article] Friday 15th of September 2017 04:52:30 PM
....BTCChina, one of the biggest Chinese exchanges, said on Thursday it would stop all trading by 30 September. It was followed by a series of other exchanges, including OkCoin and Huobi, announcing closures on Friday. ...
FCA refuses to publish report on RBS and small business customers image
Source : Guardian [Read Article] Thursday 14th of September 2017 11:01:17 PM
....“The report is now in the hands of an unknown number of third parties. If closure is ever to be brought to this long-running issue, parliament and the public need the account ordered by the regulator … we consider that the public interest in publication in this specific case is overwhelming. ...
Former Northern Rock investors ask Theresa May for compensation image
Source : Guardian [Read Article] Thursday 14th of September 2017 10:33:38 AM
....Among their arguments is that the shareholders in banks that were rescued the following year – Royal Bank of Scotland, Lloyds TBS and HBOS – were not wiped out in the same way. In his letter to the prime minister, on behalf of the Northern Rock Small Shareholders Association, Grainger said: “As the UK marks the 10th anniversary of the Northern Rock crisis in 2007 may we suggest to you that it would be appropriate now to try and achieve a just closure on an equitable, morally sound and fair basis. ...
British pubs under threat from new 'eye-watering' business rates image
Source : Guardian [Read Article] Thursday 14th of September 2017 05:01:33 AM
....The 2018 edition of Camra’s Good Beer Guide, published on Thursday, reports that when Camra was formed in the early 1970s, the UK boasted 75,000 pubs. But while there are a number of reasons for closures over the years – the high price of a pint, the 2007 smoking ban and the 2008 recession – the new business rates revaluation introduced this year is the latest “ticking time bomb” to devastate the sector’s remaining pubs. ...
Bell Pottinger Middle East bids to split from parent firm as administration nears image
.... ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. It has also emerged that Waitrose, which prides itself on its ethical credentials, has belatedly admitted that it has joined a growing list of clients to fire Bell Pottinger as it faces closure. ...
Curry house immigration raids ‘unfair’, say restaurant owners image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:05:21 PM
....Now the industry’s largest trade body has written to immigration minister Brandon Lewis to discuss the impact of tough new immigration laws and what restaurant owners say is an increase in immigration raids. One high-profile recent raid resulted in the temporary closure last month of acclaimed east London restaurant Tayyabs, and six arrests. ...
Bell Pottinger could go under within days, sources claim image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:47:15 PM
....Bell Pottinger could be put into administration as soon as next week after its financial plight worsened in the wake of a scandal over its secret campaign to stir up racial tensions in South Africa. The PR agency has asked accountancy firm BDO to find a buyer in a bid to evade closure, but one source close to the process said time was running out. ...
Government should cut Bank of Ireland out of Post Office bank, says report image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
.... The plan could also represent a return to the days of the old Giro Bank, a “people’s bank” started by Harold Wilson in the 1960s through the Post Office but later sold off by Margaret Thatcher in the late 1980s. Creating a bank would offset the closure of branches by major high street lenders such as Royal Bank of Scotland and Lloyds, while also helping small firms to access financial services, according to the Cass study. ...
Publish leaked RBS report, MPs tell FCA image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
....“The report itself is now in the hands of an unknown number of third parties. The FCA now has no control over the timing or content of further public disclosures from it. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
....Any case for further delay evaporated with last week’s leak to the BBC. As Morgan said, the FCA has no control over further disclosures and “the balance has tipped firmly in favour of full publication”. ...
Bell Pottinger could close by end of the year without fresh finance image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:25:01 AM
. The embattled public relations firm Bell Pottinger is under pressure to find a buyer within the next month or it could face closure by the end of the year due to mounting debts. ...
Rupert Murdoch's proposed Sky takeover reaches endgame image
Source : Guardian [Read Article] Sunday 3rd of September 2017 01:29:22 PM
....One of the least-vaunted policies in Labour’s manifesto for the 2017 general election was a plan to launch a national review into the demise of local media. However, the closure of the Oldham Evening Chronicle last week shows how important this could be. ...
UK perfume shops hope new Chanel fragrance can mask foul sales image
Source : Guardian [Read Article] Friday 1st of September 2017 07:26:24 PM
....With characteristic fashion industry hyperbole, Chanel describes the smell as a “solar vibration”. Smith, who had to sign a non-disclosure agreement to sniff a Gabrielle tester six months ago, offered a rather more down-to-earth description: floral and quite fresh with an air of French chic. ...
Sir Philip Green threatening legal action against Frank Field MP image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:44:05 PM
....Last week Field told a radio programme that he has new information from the original investigation launched by the Pensions Regulator into the £571m BHS pension black hole left by the owners when the high street chain collapsed in April last year. But Green, who sold the chain for £1 to serial bankrupt Dominic Chappell a year before the retailer shut down, has said any disclosure of debt details would breach data protection and pensions laws. ...
Lloyd's of London alleges 'irregularities' in Kanye West's $10m insurance claim image
....Lloyd’s said that its policies excluded any losses caused directly or indirectly by the possession or use of illegal drugs, the impact of prescription drugs not used as prescribed, or the use of alcohol. The court documents said that in order to protect West “from public disclosure of details of his private life,” Lloyd’s would not include specific information it had obtained in relation to the claim. ...
Mitie investigated by FCA over results and profit warning image
Source : Guardian [Read Article] Tuesday 29th of August 2017 05:56:07 PM
....Last month, Britain’s accounting watchdog said it was investigating Deloitte over its auditing of Mitie’s books. Companies are required to announce promptly material changes in their financial prospects to investors, and Britain’s financial watchdog has previously fined oil services group Lamprell and JJB Sports for failing to make timely disclosures. ...
Client accuses Savills of confidentiality breach in Candy brothers dispute image
....The company has received a demand to hand over evidence including text messages and emails relating to an acrimonious legal dispute between the property tycoons and Mark Holyoake. Holyoake has applied to the high court for disclosure of the documents with a view to launching a separate lawsuit against Savills, seeking compensation for alleged misconduct including breach of confidentiality, the Guardian understands. ...
City pay still out of proportion a century after JM Keynes complained image
Source : Guardian [Read Article] Sunday 27th of August 2017 06:00:02 AM
....Since then the proposals seem to have been watered down and look highly unlikely to include, for instance, greater powers for shareholders to block pay deals. Instead, proposals due out this week are set to include mandatory disclosure of the pay gap between executives and workers. ...
RBS mistreated clients, leaked FCA report reveals image
Source : Guardian [Read Article] Friday 25th of August 2017 08:27:01 PM
.... This included increasing interest rates and charges and imposing unnecessary fees on many of its clients, whose numbers peaked at 16,000. The GRG unit, which operated between 2005 and its closure in 2013, stepped in when companies which banked with RBS experienced financial difficulties. ...
Women have every right to refuse treatment in childbirth | Letters image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:26 PM
....What came first? It would seem that contaminated eggs from the EU arrived just before Dr Fox’s chlorinated chickens from the US (Lucy Siegle, Commentk). Does that mean we now, finally, have closure on that knotty conundrum? Colin BradyDarlington. ...
Amazon stock market value falls by $5bn after critical Trump tweet image
Source : Guardian [Read Article] Wednesday 16th of August 2017 04:15:14 PM
.... are being hurt - many jobs being lost!. Trump himself has been criticized for breaking with precedent and not releasing his tax returns, and when asked during a presidential debate about disclosures that he could have paid no federal tax for 18 years, he remarked: “That makes me smart. ...
RBS preparing to cut nearly 900 IT jobs, says union image
Source : Guardian [Read Article] Tuesday 15th of August 2017 02:33:43 PM
.... Jobs are also being lost in branches. In March, 158 branches – largely NatWest – were earmarked for closure as customers switched to digital channels. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
.... When the financial crisis of a decade ago ended in a deep recession, demand for Chinese goods suddenly dried up. With the risk that factory closures and mass unemployment would breed political unrest, the Chinese government replaced the burst western credit bubble with a credit bubble of its own. ...
David Davis linked to City trader fined for insider dealing image
Source : Guardian [Read Article] Saturday 12th of August 2017 07:45:41 PM
....Davis listed his position – for which he “anticipated remuneration of approximately £34,000 per annum” – in the register of MPs’ interests on 10 June 2013 and disclosed that the role was for six days work a year. The disclosure was made a month after Hannam bought MKM via a company called Copper 1909. ...
Thousands of Asda workers face redundancy or reduced hours image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:08:18 PM
....Last year Asda cut 750 jobs at its Leeds head office and in store. The process saw the closure of staff canteens in all stores and an end to shop-floor services such as photo-processing and pizza-making. ...
Co-operative Bank sheds 25,000 current account customers but losses shrink image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:25:02 AM
....Co-operative Bank also relies on the backing of the regulatory division of Bank of England for its strategy. In the pages of risk disclosures and legal warnings in its interim report, it points out: “Deficiencies against regulatory requirements and expectations have existed for some time and will continue for some years to come while the bank implements its strategy. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
....Asked to respond to the allegations by the Guardian, Grunberg said it would be “inappropriate for us to comment on an ongoing matter”. McCaskill’s disclosure of the audit’s key findings is a rare glimpse into the opaque world of battlefield contracting. ...
Bank of England to name conflicts officer to vet appointments image
Source : Guardian [Read Article] Wednesday 9th of August 2017 11:22:09 AM
....The report by the non-executives said her case provided lessons for the Bank, including stronger checks before appointments and greater clarity about who takes decisions about conflicts. “Individuals are responsible for full, timely and accurate disclosures of relevant personal information, including making appropriate disclosures in the context of specific decisions. ...
Britain’s young suffer as austerity continues to take its toll | Letters image
....• Rather predictably, following James Munby’s “blood on our hands” outburst, the NHS “identified a bed” for the suicidal 17-year-old, leaving him to claim, probably correctly, that NHS England would not have acted “as effectively or speedily” without his “outspoken warnings” (Judge’s plea as suicidal teenager is found refuge, 8 August). With new crises being highlighted almost daily, the latest being the closure of maternity wards, and pregnant women being “pushed from pillar to post”, Munby’s example should be followed (Maternity wards closed 400 times as shortage of beds and staff grows, 8 August). ...
The strange case of Fox News, Trump and the death of young Democrat Seth Rich image
....3bn) takeover of satellite broadcaster Sky. For Trump, the disclosures threaten to punch a hole in one of the central pillars of his presidency: his assault against the “fake news” of the mainstream media. ...
Two pints of best and an English rosé as wine comes to the beer festival image
....A scion of one of Britain’s best-known political families, Hogg had initially told MPs that the Bank was aware of Quintin Hogg’s role at the high street lender. She then admitted days later that she had not made the disclosure and was therefore in breach of the Bank’s code of conduct – which she had helped to write. ...
UK car industry facing an 'utterly demoralising' Brexit image
Source : Guardian [Read Article] Friday 4th of August 2017 04:01:06 PM
....And even though the effects of Brexit might not be immediate, that did not mean they could be shrugged off. “We always said there will not be an immediate closure of plants because the investments are fixed for many companies,” Hawes said. ...
RBS plans move to Amsterdam for post-Brexit EU hub image
Source : Guardian [Read Article] Friday 4th of August 2017 06:44:41 AM
.... RBS is cooperating with the investigation,” the bank said, without providing further details. There was a separate disclosure about a previously announced investigation into allegations that Britain’s banks processed vast amounts of tainted money from Russian criminals. ...
Swiss bank Julius Bär plans expansion in UK with new offices image
Source : Guardian [Read Article] Thursday 3rd of August 2017 06:28:41 PM
....“Those days are largely over. The days of non-disclosure of assets are over,” he said, pointing to changes to Swiss secrecy laws and increased information-sharing among international jurisdictions. ...
Nicky Morgan requests assessment of City's readiness for hard Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 11:01:01 PM
....A year ago, the consultants found that a hard Brexit would cause up to 35,000 jobs to leave the UK across all elements of financial services, with 12,000 to 17,000 in wholesale banking. “Based on banks’ subsequent disclosures and our engagement across the industry, we believe this remains a sound estimate of the impact in the medium term,” the consultancy said in its update. ...
Qatar makes legal complaint to WTO over Gulf trade boycott image
Source : Guardian [Read Article] Monday 31st of July 2017 05:33:52 PM
.... There was no immediate reaction from the three to Qatar’s complaint, which is likely to be circulated at the WTO later this week. The disputed trade restrictions include bans on trade through Qatar’s ports and travel by Qatari citizens, blockages of Qatari digital services and websites, closure of maritime borders, and prohibitions on flights by Qatari aircraft. ...
HSBC chief sounds alarm over financial regulation and Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 07:02:10 AM
....The results were accompanied by pages of legal warnings, including a legal case which began in April 2017 into allegations that HSBC conspired with other banks to manipulate the the US bond market. There are other disclosures covering requests for information relating to the Panamanian law firm Mossack Fonseca and investigations by tax authorities. ...
London's hidden gas plant which could heat and power the future image
Source : Guardian [Read Article] Friday 28th of July 2017 04:10:08 PM
....But expansion and new connections are not always straightforward. While there are many existing tunnels, new digging and road closures are required too – sometimes at a cost of as much as £10,000 per metre in the capital. ...
Barclays sets aside extra £700m for PPI claims image
Source : Guardian [Read Article] Friday 28th of July 2017 07:25:34 AM
.... target range, and while we are also working to put conduct issues behind us, we can now focus on what matters most to our shareholders: improving group returns,” said Staley. The bank’s legal disclosures outline the investigation under way into Staley’s efforts to unmask a whistleblower and the fraud charges the bank’s holding company faces in relation to the way it raised billions of pounds from Qatar in 2008. ...
BBC women let pay gap happen, review co-chair says image
Source : Guardian [Read Article] Thursday 27th of July 2017 03:18:53 PM
....Nicky Morgan, the chair of the Treasury committee, who appointed Hampton to carry out the review, told the Standard: “Surely we have moved beyond it being about who marches into the boss’s office asking for a pay rise. “That’s why the gender pay gap disclosures put the burden on senior management to think about pay differentials in their organisation. ...
Snatching money from care workers marks a new low for the Tories | Polly Toynbee image
....That caused panic in the sector, including among the 200 charities providing care to 178,000 people. They protested that they couldn’t even get a meeting with ministers to warn of the impending disaster of bankruptcies and closures. ...
Boots ends 130 years of manufacturing as it sells off factories image
Source : Guardian [Read Article] Wednesday 26th of July 2017 12:24:08 PM
.... This is an unsettling time for members as it is not clear at this point what the impact of the sale will be,” he added. The deal will raise fears of the kind of closures that followed US food group Kraft’s takeover of Cadbury. ...
Mississippi Nissan workers hope for historic win in 14-year fight to unionize image
....“The 6,400 Canton employees are a key part of the Nissan family, and they enjoy good, stable, safe jobs with some of the best wages and benefits in Mississippi,” wrote the Nissan spokesperson Parul Bajaj in an email to the Guardian. “Given the UAW’s history, including strikes, layoffs, and plant closures at UAW-represented plants, it is clear that their presence in Canton could impact the global competitiveness of the plant. ...
Revealed: the insidious creep of pseudo-public space in London image
Source : Guardian [Read Article] Monday 24th of July 2017 06:30:29 AM
....In the past few decades, however, the creation of corporate-owned urban areas like Canary Wharf and the Broadgate development around Liverpool Street Station began to reverse this trend, and by 2007 the Royal Institution of Chartered Surveyors was describing the growing private ownership and management of spaces that appeared to be in the public realm as a “quiet revolution in land ownership”. Since then, the acute budgetary pressures placed on local authorities by successive governments have encouraged municipal planners to cede control of almost all new open spaces in the city to developers; some academics now refer to a new era of ‘urban enclosure’, echoing the fencing and enclosing of Britain’s rural commons that took place during the 17th and 18th centuries. ...
After the pay furore, the BBC now has a chance to be a beacon for fairness | Will Hutton image
.... Where else are John Humphrys or Jeremy Vine likely to broadcast to such big audiences in such well-loved prestigious programmes with such fantastic production support? Dozens of broadcasters would jump into their shoes if given the chance. The architects of the BBC’s pay disclosure regime seemed to have achieved their objective: the BBC cannot be trusted with the public’s money – it plainly needs to be downsized or done away with. ...
Burgers and birdwatching? UK retail fights to make shopping a big day out image
....”. In the US, retail jobs are disappearing in their thousands as main street veterans like Macy’s and Sears embark on major store closures. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... It is also one of the reasons that America’s malls are dying. A Wells Fargo study of dead malls found that competition from newer malls was the most common cause of closures. ...
It’s not just the BBC: pay disparity is a blight on the whole UK | Polly Toynbee image
.... Stripped bare by exposure of its pay rates, its myriad enemies – the Mail, the Murdoch press and rightwing politicians – have whooped with glee at how this enforced revelation has embarrassed the corporation. Needless to say, no disclosure of top Mail and Sun writers’ and editors’ pay followed. ...
Why all women need to know what their colleagues earn image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:00:12 AM
....It has also been awkward and undignified for the stars who have had to defend their huge pay packets – Lineker blamed his agent for doing an agent’s job; the BBC breakfast presenter Dan Walker justified his salary (compared with his breakfast sofa colleagues) by pointing out he also had another job as a football presenter. At the corporation, bosses must have been awaiting the onslaught while celebrity agents – according to one person I spoke to – were “seething” at the disclosures. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
....He added that last year’s 66% fall in coal generation marked the largest annual switch in fuel for power – even greater than the 33% decline in coal power during the 1984 miners’ strike. After the closures last year, there are now eight coal power stations left in the UK, from Drax and Eggborough in Yorkshire to Aberthaw in south Wales. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....“It’s not surprising that Sir Philip Green has to use the the House of Lords as a recruitment agency for his companies,” he said. “Baroness Brady was paid to be on the board of Taveta during the dreadful shenanigans that led to the closure of BHS. ...
Paris's Colette – 'the trendiest store in the world' – set to close image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:19:11 PM
.... Chanel designer Karl Lagerfeld, said last year that it’s the only shop he frequents “because they have things no one else has”. There was little clue that this particular closure was on the cards. ...
Store Twenty One goes into liquidation with loss of 900 jobs image
Source : Guardian [Read Article] Tuesday 11th of July 2017 03:29:06 PM
.... It was taken private in 2002 and sold again, to Alok, five years later. It rebranded again as Store Twenty One nearly a decade ago after a restructuring that involved the closure of 140 shops. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....The arrangements – which work by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally designed to help very small businesses – have netted vast windfalls for those involved. The Guardian has seen evidence showing that the closure of parts of the scheme followed Anderson being asked by HMRC’s fraud and investigation service for details about the large numbers of VAT registration applications made on behalf of Anderson clients last year. ...
Major rail disruption looms in August as stations are closed image
Source : Guardian [Read Article] Monday 10th of July 2017 12:52:08 PM
....”. The closure of Euston is to allow the first major engineering work to take place for HS2, the controversial £55bn high-speed railway. ...
Sainsbury's sales sizzle as shoppers snap up paddling pools image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:53:35 AM
....Coupe said that Sainsbury’s general merchandise and clothing ranges, including Argos, outperformed the market, as its fast track delivery and collect-from-store services recorded a “stellar performance” during the quarter, particularly during the warm weather when customers wanted items such as paddling pools and electric fans on the day. Total sales rose 1% despite the closure of dozens of Argos and Habitat outlets in Homebase stores after the takeover of the DIY chain buy Australian firm Bunnings. ...
The Crusader: Mystery debits add to EXECUTOR's burden image
Source : Daily Express [Read Article] Monday 3rd of July 2017 12:01:00 AM
....In a bid to break the deadlock Bev asked Crusader to persuade both banks to investigate, which they did very promptly. Santander called Bev and confirmed the account closure had been processed in line with the probate and bereavement process. ...
Drone forces closure of Gatwick runway and diversion of many flights image
. A drone spotted in the sky near Gatwick airport on Sunday evening prompted the closure of a runway and led to several flights being diverted to landing strips up to 80 miles away. ...
Co-op energy chief predicts more small suppliers could go bust image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:25:25 AM
. More small energy firms could go bust this winter because of increasing price volatility driven by green energy growth and the closure of Britain’s largest gas storage plant, one of the challenger suppliers has warned. ...
Fixed-odds betting terminal review delayed until autumn image
Source : Guardian [Read Article] Friday 30th of June 2017 06:11:07 PM
....Bookmakers have claimed that the campaign to cut stakes to £2, which has support from Labour and the Liberal Democrats, is motivated by vested interests concerned about the success of their rivals. And the ABB has also claimed that curbing FOBT stakes would force the closure of thousands of bookmakers, cost 20,000 jobs and deprive the Treasury of millions of pounds in taxes. ...
Ofcom has concerns about Murdoch power in UK if Sky bid allowed image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:55:06 PM
....In 2015, Rebekah Brooks was named chief executive of News UK, a year after she was cleared of all charges relating to the phone-hacking scandal. Brooks received a pay-off of more than £10m after resigning from News Corp in 2011 at the height of the hacking scandal that forced the closure of News of the World. ...
Banks should disclose lending to companies with carbon-related risks, says report image
. Banks should disclose lending to companies with carbon-related risks, according to recommendations in a new report by the Task Force on Climate-related Financial Disclosures. ...
FCA knows its scrutiny of the investment sector has only just started | Nils Pratley image
....A push for greater transparency – the big theme in the report – is welcome. The FCA supports the disclosure of all-in fees, including transaction charges. ...
Tesco continues savings drive as it cuts 1,200 head-office jobs image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:05:11 AM
....In his first year in charge, Lewis axed nearly 5,000 head office and UK store management jobs as well as more than 4,000 roles overseas and at the group’s banking division. More than 2,500 more jobs were lost with the closure of 48 underperforming Tesco stores in 2015, while in April this year 3,000 jobs were put at risk when the chain cut night shifts for shelf stackers in some of its biggest supermarkets. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....The congressional letter to the two Deutsche attorneys – Steven Ross and Leslie Kiernan of Akin Gump Strauss – also stated that if Deutsche had any lingering liability concern about handing over information about Trump’s account to Congress, that the bank should “simply” ask the president and his relatives for their consent. “Given President Trump’s repeated assertions that he does not have ties to Russia, such disclosure would ostensibly be in his interest,” the letter said. ...
Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
....“This is clearly devastating news for our members and will have a wider impact on south Wales, as so many jobs are potentially lost to our local economy. “We will now enter into consultation talks with the company over the coming weeks to look at the business case for the proposed closure. ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
.... Investor protection is important, of course, but as the Nobel laureate Eugene Fama put it, “the primary role of the capital market is allocation of ownership of the economy’s capital stock”. A regulator focused on that objective would be especially rigorous in overseeing the transparent disclosure of information, and would seek to promote vigorous competition among companies and also, crucially for this objective, among investors. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
....The decline in transaction activity has knock-on effects in other parts of the economy, stretching from income for estate agents and conveyancing solicitors through to sales of furniture and electrical stores which tend to benefit when people move home and buy new goods. Last year Countrywide, the estate agent group, announced the closure of more than 50 branches, while London agency Foxtons warned in March of tough trading conditions in 2017 as it reported a 54% fall in profit for last year. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. The public anger sparked by the financial crisis forced greater disclosure from banks about the way they paid their top staff, particularly banks like Barclays that have large investment banking operations. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
. The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports. ...

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