Topic filter : Closure

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....The bank is also creating specialist roles for staff who will support customers with training and support with digital skills. After the closures 151 RBS and 856 NatWest branches will remain. ... [Read full article on BBC ]
Thursday 23rd of March 2017 04:03:12 PM
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....RBS is the latest high street player to announce branch cuts. In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire building society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 06:05:29 PM
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.... What happened is a huge source of regret to us all at Tesco, but we are a different business now,” he said. He admitted the Tesco brand had been damaged by the disclosure of the accounting scandal, but said the company was “committed to doing everything we can to continue to restore trust in our business and brand”. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 07:16:54 AM
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....While the DWP had estimated that almost two thirds of parents whose case was closed would apply to join the CMS scheme, as of April 2016 only around a fifth had actually done so. Three months after case closure, half of parents had no new arrangements in place. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 05:01:19 AM
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....It comes on top of 1,500 jobs that were culled last year and 32 branch cuts. Older people and more vulnerable people without access to the internet are typically worst affected by closures, as they rely on branches for access to vital services. ... [Read full article on Daily Express ]
Thursday 23rd of March 2017 02:35:00 PM
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Latest Finance News related to Closure

Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
.... What happened is a huge source of regret to us all at Tesco, but we are a different business now,” he said. He admitted the Tesco brand had been damaged by the disclosure of the accounting scandal, but said the company was “committed to doing everything we can to continue to restore trust in our business and brand”. ...
Watchdog finds £3bn in child support arrears may never be collected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 05:01:19 AM
....While the DWP had estimated that almost two thirds of parents whose case was closed would apply to join the CMS scheme, as of April 2016 only around a fifth had actually done so. Three months after case closure, half of parents had no new arrangements in place. ...
RBS and NatWest to close 158 branches as customers go digital image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:05:29 PM
....RBS is the latest high street player to announce branch cuts. In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire building society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. ...
RBS and NatWest to shed 158 branches and more than 400 jobs image
Source : BBC [Read Article] Thursday 23rd of March 2017 04:03:12 PM
....The bank is also creating specialist roles for staff who will support customers with training and support with digital skills. After the closures 151 RBS and 856 NatWest branches will remain. ...
RBS and NatWest to close 158 branches and cut 470 jobs: Is your local bank shutting? image
....It comes on top of 1,500 jobs that were culled last year and 32 branch cuts. Older people and more vulnerable people without access to the internet are typically worst affected by closures, as they rely on branches for access to vital services. ...
Libor expert witness texted for help image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:37:35 PM
.... . Adrian Darbishire QC, who is representing one of the defendants, said: "I suggest that you have misrepresented your expertise to the SFO and to the juries in front of which you have testified; I suggest you have failed to comply with your basic duties of disclosure; and that you have concealed, rather than revealed, the sources of statements which you have presented as your own opinion. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....Under her management, the retailer is undergoing a five-year restructuring programme designed to close unprofitable shops, improve technology and unify products. The group said it had finished its B&Q store closure programme, which has seen it shut 65 shops and cut about 3,000 jobs in the UK and Ireland. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
.... Hogg, promoted from chief operating officer only on 1 March, had told MPs that she had disclosed Quintin Hogg’s role in line with the code of conduct she had herself drawn up. She later conceded she had not made the disclosure. ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
....Oliver started his TV career at the BBC with The Naked Chef in 1999, before defecting to Channel 4 in 2002 to make Jamie’s Kitchen. He blamed lower footfall, the cost of staff training and the higher costs of importing luxury ingredients in a tough market following the EU referendum result for the recent closure of six Jamie’s Italian outlets which affected about 120 employees. ...
Grayling hopes Brexit brings new apprenticeships in train image
Source : Guardian [Read Article] Saturday 18th of March 2017 04:00:43 PM
. The Bombardier train factory teetered on the brink of closure in 2011, when it lost a key contract for British carriages to Germany. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....“The interesting question with Uber is how long they can keep as a private company. They are raising capital like a public company without any of the disclosure and consequences of being a public company,” said Damodaran, who believes the company’s value is overinflated and it’s really worth $23bn. ...
Sainsbury's warns over 'uncertain' impact of pound's Brexit slide image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:22:39 AM
....The company plans to put 250 Argos outlets into Sainsbury’s stores over the next three years, up from 41 at present, with another 25 concessions planned for the next quarter. This will involve some Argos high-street closures. ...
Seaton Delaval Coty closure could mean 400 jobs axed image
Source : BBC [Read Article] Tuesday 14th of March 2017 02:56:07 PM
. Four hundred jobs are set to be lost with the closure of a cosmetics factory in Northumberland. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....A scion of one of Britain’s most high-profile political families, Hogg had initially told MPs last month that the Bank was aware of Quintin Hogg’s role at the high street lender. She then admitted days later she had not made the disclosure and was therefore in breach of the Bank’s code of conduct she had helped to write. ...
Bank of England deputy Charlotte Hogg to face MPs' verdict image
Source : Guardian [Read Article] Monday 13th of March 2017 07:57:32 PM
.... In a hearing last month, Hogg had told the Treasury select committee that she had disclosed to the Bank that her brother Quintin Hogg worked at Barclays. But days later she was forced to write to admit that she had not made the disclosure – and had breached the code of conduct she had helped drawn up when she joined the Bank of England in 2013 as chief operating officer. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....HSBC has also been attempting to repair its image after a series of scandals. Earlier this year it reached a $470m (£325m) settlement with the US government and states related to dubious mortgage lending and foreclosure practices during the financial crisis. ...
Green Investment Bank sell-off racks up at least £1m in fees image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:10:32 PM
....The total figure spent on the sale so far is likely to be higher, given the bidding process began last March. The £1m consultancy cost is included in a disclosure of BEIS’s “exceptions to spending controls for July – September 2016”. ...
Can .art domain give the art business an online boost? image
Source : Guardian [Read Article] Sunday 12th of March 2017 08:00:19 AM
....This could prove a timely development. Once assumed immune to digital disruption, art has recently appeared more vulnerable, thanks to a slew of gallery closures and institutional upheavals tied in part to the costs of doing business in the physical realm. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
....It was 2012, and Cable had just persuaded Dan Akerson, then chief executive of car giant General Motors, to hand production of the seventh-generation Astra to Britain. Cable’s 11th-hour intervention, along with generous concessions on pay and conditions from the unions, helped save Vauxhall’s Ellesmere Port factory in Cheshire from closure. ...
Greek activists target sales of homes seized over bad debts image
Source : Guardian [Read Article] Saturday 11th of March 2017 08:00:29 AM
....Few issues have highlighted prime minister Alexis Tsipras’ volte-face over austerity more than this. Resistance to home foreclosures was a rallying cry of the leftist leader before he assumed power in January 2015. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
. Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. ...
John Lewis staff bonus cut again image
Source : BBC [Read Article] Thursday 9th of March 2017 09:27:42 AM
....New products such as the Dyson Supersonic hairdryer helped the electronics division, while fashion sales were helped by stocking the brands Finery and Hush, which were previously online only. The Waitrose supermarkets saw like-for-like sales - which strip out the impact of store openings and closures - fall 0. ...
Southwold: welcome to the town where business rates are set to rise 177% image
....There has been a butchers on the same site since 1684, but Mills thinks he may have to move to out of Southwold to somewhere cheaper. Clare Hart, from Chapmans newsagents, said her shop, which has been operating on the site since 1897, also faced closure despite the chancellor’s transitional measures. ...
Budgens closes 34 stores with loss of 815 jobs image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:04:23 AM
. More than 800 jobs will be lost with the closure of 34 Budgens convenience stores – about a fifth of the chain – after administrators failed to find a buyer. ...
Budgens: More than 800 jobs lost as 34 stores close image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:31:22 AM
....The stores are spread around the UK, from Dorset to Norfolk to Scotland, and were bought from the Co-op in 2016. The closures do not affect the remainder of the Budgens chain, which has more than 100 stores. ...
'It was devastating': families and residents suffer as care homes close image
.... Nationwide, many homes rely on private clients to bridge the funding gap. When its closure was announced, more than three-quarters of Leolyn’s 26 residents were funded by the council. ...
Senate votes to repeal labor protection laws that safeguarded poultry workers image
....The House already voted to pass the bill revoking the record-keeping order; Trump has said he will sign it into law. Some 134 public interest groups, from the ACLU to the Sierra Club, signed a petition to Senate majority leader Mitch McConnell asking the Senate to keep the disclosure law as is. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
....Theresa May is facing calls to guarantee that Brexit will not harm the operations of Vauxhall after PSA, the French owner of Peugeot and Citroën, announced a deal to buy the British car manufacturer. Labour said the company would need stronger assurances from the government about UK carmaking after Brexit, despite PSA’s claim that it wants to avoid factory closures and job cuts in the UK. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
....”. Small and his friends agree that a closure of the plant would have a devastating impact on the local area. ...
Vauxhall deal prompts cautious optimism from UK government image
Source : BBC [Read Article] Monday 6th of March 2017 03:37:53 PM
....9bn. Carlos Tavares, PSA chief executive, sought to calm fears of plant closures but said it was up to workers to increase profitability. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
. The chief executive of the French company behind Peugeot and Citroën has vowed to turn Opel and Vauxhall around without factory closures or job cuts, after agreeing to buy General Motors’ lossmaking European arm for €2. ...
Is China retaliating against Lotte missile deal? image
Source : BBC [Read Article] Monday 6th of March 2017 09:08:11 AM
.... Get the hell out of China" said one banner. While confirming the department store closures, Lotte has given no explanation. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
.... Analysts expect middle and back-office roles to be cut as a result of the deal, but a number of senior investment managers have left Henderson amid concerns over cultural differences between the two firms. Cultural differences will be less of an issue for two Scottish businesses, but any office closures and job losses will trigger concerns north of the border. ...
John Lewis and Waitrose owner set to reduce staff bonus image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:49:46 PM
.... Like other high street retailers, John Lewis stores have been affected by the growing popularity of online shopping. Waitrose is struggling against fierce competition from other grocers and recently unveiled plans for job cuts and six store closures. ...
Yahoo boss Marissa Mayer loses millions in bonuses over security lapses image
Source : Guardian [Read Article] Thursday 2nd of March 2017 01:24:37 AM
.... If Yahoo’s $5bn sale to Verizon is completed as expected later this year, a successor company called Altaba will be responsible for paying those legal claims. Yahoo’s handling and disclosure of the breaches is also under investigation by the Securities and Exchange Commission and the Federal Trade Commission. ...
ITV shouldn't get away with blaming Brexit for falling revenues | Nils Pratley image
.... It is a commonsense action that should have been adopted years ago. Terry Smith, former City analyst, former broker and now manager of the £10bn Fundsmith fund (disclosure: I am an investor) is off to Mauritius. ...
Boots, Walkers crisps and Greggs cost cutting puts 1,400 UK jobs at risk image
Source : Guardian [Read Article] Wednesday 1st of March 2017 04:15:37 PM
....The cuts, which will happen over the next two years, are part of a £100m restructuring of Greggs’ manufacturing business that began last year. The move has already led to the loss of 355 manufacturing jobs after the closure of bakeries in Twickenham, Edinburgh and Sleaford. ...
Walkers crisps: Peterlee factory faces closure with 380 job losses image
. A Walkers crisps factory is facing closure, putting 380 jobs under threat. ...
Greggs sales up as it warns on inflation image
Source : BBC [Read Article] Tuesday 28th of February 2017 08:32:22 AM
....It said its business had been transformed in that time, "delivering an unbroken record of positive like-for-like sales and new levels of profit". Like-for-like sales - which strip out the impact of store openings and closures - in outlets managed by the company rose by 4. ...
Australia Post CEO says he feels sorry for Pauline Hanson over pay controversy image
....Stanhope conceded it was a mistake for Australia Post not disclose the CEO’s pay when the regime changed in 2015 and no longer required it. When asked if he agreed it was a mistake, Fahour said it was not a matter for him, but he accepted it was “regrettable” that non-disclosure had added to a perception that Post lacked transparency. ...
High energy bills here to stay but jobs heading overseas, industry group warns image
....One reason for the increasing importance of gas was the decline in coal-fired generation, which suffered from the rise of renewables and lack of flexibility. The closure of Hazelwood power station in Victoria, for example, would have a “significant impact” on the market. ...
The truth about falling gas prices image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
.... They have gone up by a galloping 22%. Take the example of one 90-year-old pensioner in Hastings who sent me copies of his EDF gas bill (full disclosure: it’s my dad). ...
The Crusader: How to keep travel insurance fit for your purpose image
Source : Daily Express [Read Article] Friday 24th of February 2017 07:43:00 PM
....The reason: Brian had failed to meet the requirement to disclose all pre-existing medical conditions. Health non-disclosures are the bane of older travellers’ lives. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....The boss of PSA Group, which is in talks to buy General Motors’ loss-making Opel business in Europe, including Vauxhall, has given assurances to the UK government and Britain’s biggest union that production will be guaranteed until at least 2021. Carlos Tavares has been on a charm offensive with politicians and unions in the UK and Germany, trying to soothe fears over factory closures and job losses if the takeover goes ahead. ...
Royal Bank of Scotland losses more than treble to £7bn image
Source : BBC [Read Article] Friday 24th of February 2017 07:32:39 AM
....The loss came as the bank set aside more money to deal with legal action in the US and its abandoned attempt to spin off its Williams & Glyn business. RBS plans to cut costs by £2bn over the next four years, which will mean job cuts and further branch closures. ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
....Royal Bank of Scotland has reported a new £7bn loss – its ninth consecutive year deep in the red – which has taken its total losses since the 2008 financial crash to more than £58bn. The 73% taxpayer-owned bank said it would not return to profit until 2018 and announced a £2bn cost-cutting plan, which will mean more job losses and branch closures to put the bank back in the black. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....Barclays has been selling off parts of the business which it deems "non-core". In its annual results, the bank said it would bring forward the closure of the unit dealing with this by six months, and it will now shut on 30 June. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....However, Tavares also hinted that if the deal goes ahead he would carry out a major restructuring. At PSA, which came close to bankruptcy in 2014 but was saved by a state-backed bailout and Chinese investment, he has overseen a cost-cutting plan that involved a pay freeze, a factory closure and thousands of job cuts. ...
First Trust to close half its Northern Ireland branches image
Source : BBC [Read Article] Thursday 23rd of February 2017 08:36:10 AM
....As many as 130 jobs will be lost as First Trust Bank closes half of its branches in Northern Ireland in 2017. On Wednesday, it said it was starting a "reshaping and investment programme" involving the "consolidation of First Trust Bank's branch network" with the closure of 15 of its 30 branches. ...
Convicted fraudsters sell Ed Sheeran tickets through Ticketmaster image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 09:48:02 AM
....GetMeIn and Seatwave have recently begun publishing sellers’ details, after the Competition and Markets Authority launched an inquiry into secondary ticketing sites and the secrecy afforded to touts who use them. And campaigners for reform of ticketing said that the disclosure of the sites’ relationship with a convicted fraudster raised concerns about the anonymity of touts using sites such as Viagogo and StubHub, which make no such disclosure. ...
ITV to shut London studio with 40-year history of top programming image
Source : Guardian [Read Article] Tuesday 21st of February 2017 04:58:38 PM
....Programmes from Upstairs Downstairs to Ant and Dec’s Saturday Night Takeaway have been shot at the London Studios on the capital’s South Bank but it is to close as a result of plans to redevelop the broadcaster’s headquarters on the same site. The closure is expected to lead to the loss of 140 jobs. ...
EDF faces £1m a day bill to keep French nuclear reactor offline image
Source : Guardian [Read Article] Tuesday 21st of February 2017 07:00:02 AM
. The prolonged closure of a major French atomic reactor after an explosion this month probably costs EDF at least £1m a day, according to experts. ...
New home owners gagged over poor build and compensation claims image
Source : Guardian [Read Article] Thursday 16th of February 2017 07:00:34 AM
....New home owners are being forced to sign gagging orders after making successful claims for compensation about the quality of their new homes. The Guardian has been made aware of NHBC, the regulator of new homes, issuing gagging orders or so-called non-disclosure agreement that not only restrict the homeowner from contacting the media about the problems with their property but also talking to neighbours in the development. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
....McCluskey said Britain could not allow the future of car workers’ jobs to be decided by PSA, which is 15% owned by the French government. He also insisted Unite would “not accept any job losses or plant closures”. ...
Blow to City as London offices face £1.4bn rise in business rates bill image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:18:45 PM
....5m a year on its Threadneedle Street headquarters. The disclosure of the bill for the City will increase the pressure on the government to make changes to the business rates system in the budget next month. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
.... The vote capped off yet another contentious debate in the Senate over Trump’s fledgling administration, as Democrats cried foul over Mnuchin’s ties to Wall Street. Mnuchin, who served as Trump’s campaign finance chairman, was accused by Democrats of overseeing a “foreclosure machine” while at the helm of OneWest bank from 2009 to 2015. ...
Pensioners '£20 a week better off' on average than workers image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
.... In contrast, the poorest fifth of households are almost entirely reliant on benefit income. The report for the Intergenerational Commission pointed out that closure of generous defined occupational pension schemes to younger workers means that the current generation of workers may not enjoy the same benefits when they are able to retire. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
.... It wasn’t why they carried a badge and a gun. These days, there are sheriff squads whose full-time job is to carry out eviction and foreclosure orders. ...
Less of the burden when reporting on tax forecasts, please | Brief letters image
Source : Guardian [Read Article] Friday 10th of February 2017 07:24:20 PM
. While the people of Surrey await full disclosure of precisely what was said, by who, and when, from their county council to the government on the issue of council tax rises (Report, 9 February), it is not unfair to point out that there certainly were compelling reasons for council leader David Hodge to try to get a special deal over the issue. ...
Five reasons why Waitrose is closing stores image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:57:04 PM
.... Waitrose is still opening stores this year, but they will mostly be its Little Waitrose convenience outlets – a section of the market that is still growing. Most of the closures are supermarkets. ...
Hundreds of Waitrose jobs may go as retailer plans six store closures image
Source : Guardian [Read Article] Wednesday 8th of February 2017 08:17:54 PM
....Waitrose is planning to close six stores and remove a level of management in its supermarkets, putting nearly 700 jobs at risk. The upmarket grocer began consulting with staff at the six stores – in Hertford, Staines, Leek, Huntingdon, Cardiff Queen Street and Palmers Green in north London – on Monday ahead of planned closures later this year. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
....In a 103-page written submission, Stewart said the financier Jonathan Arnst would also give evidence, alleging that the brothers attempted to “destabilise” Holyoake’s relationship with his employer Investec bank. Stewart said emails uncovered in disclosure proceedings before the trial appear to show that Christian Candy discussed “stealing” Grosvenor Gardens from Holyoake. ...
Should financial advisers put us before them? Debate is back on the table image
....Depp had earlier accused the company of failing to file or pay his taxes on time, resulting in more than $5. 6m in penalties and interest, allowing his properties to fall into foreclosure, and paying itself $28m in contigency fees outside of any formal agreement. ...
UK home to 80% of top-earning European bankers image
Source : Guardian [Read Article] Thursday 2nd of February 2017 11:00:28 AM
....”. The EBA’s pay disclosures follow rule changes introduced after the 2008 banking crisis, which also led to the introduction of the bonus cap in 2014. ...
Brum rush: Birmingham becomes tourist hotspot image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:05:07 AM
.... The move will create 1,200 jobs. The closure of regional tax offices leading to job losses will also be Birmingham’s gain in 2019 when HM Revenue & Customs opens a regional hub employing at least 3,000 people. ...
UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
....The Resolution Foundation’s study found that the current parliament would be the worst for living standards for the poorest half of households since comparable records began in the mid-1960s and the worst since the early years of Thatcher’s 1979-90 premiership for inequality. Since its sharp increase in the early 1980s – a period of high unemployment, factory closures and a cut in the top rate of tax from 83% to 60% – inequality has broadly remained flat. ...
Banks’ duty to provide free ATMs and keep branches open | Letters image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:55:37 PM
....Two years on, we can now add disregard of local communities and high streets to that list. Last year, HSBC closed over 200 branches – more than any of the other major banks – and it has just announced another 62 closures this year (Report, 25 January), including in my constituency of Wood Green. ...
Ban coal from backup power subsidy scheme, says Scottish Power image
Source : Guardian [Read Article] Monday 30th of January 2017 04:16:49 PM
....ON’s fossil fuel operations when the German group split its businesses, rejected the idea of a ban. “The capacity auctions to date clearly indicate that a phased closure of coal is already happening and a ban seems neither the best way forward to ensure consumers get the best deal, nor to ensure security of supply,” said a spokeswoman for the company, which runs Ratcliffe coal plant in Nottinghamshire. ...
Jobcentre staff at risk amid plans to close one in 10 offices image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:10:11 PM
....The Department for Work and Pensions would not say how many of the 714 offices would close, but unions said it was more than one in 10 locations in England, Wales and Scotland. Damian Hinds, the minister for employment, said the closures would better reflect today’s welfare state as people increasingly claim benefits online. ...
Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs image
....Even if WTO rules were only applied for three, four or five years, it would be “very hard to overcome that level of additional cost, given that plants operate on pretty wafer thin margins,” he said. Asked whether a tariff of less than 10% would damage the industry and lead to the closure of plants, Hawes said: “I wouldn’t jump to that conclusion, but it underscores the pressure that they [factories] would be under to deliver further productivity improvements to remain competitive with other plants in Europe and elsewhere. ...
Yorkshire building society to close 48 branches and ditch current accounts image
Source : Guardian [Read Article] Wednesday 25th of January 2017 04:06:52 PM
....Yorkshire building society is closing 48 branches in a move it partly blamed on “an increasing desire among customers to transact digitally rather than on the high street”. The announcement came 24 hours after HSBC said it would be shutting another 62 branches this year, on top of 55 already earmarked for closure. ...
Dow Jones hits record high – is Trump good for stock markets? image
Source : Guardian [Read Article] Wednesday 25th of January 2017 03:18:04 PM
.... That extremely loose working theory seems as good as any. But here’s a sharper take on the great guessing game from Terry Smith, whose £9bn Fundsmith equity fund has performed strongly since its launch in 2010 (disclosure: I am an investor). ...
Post Office launches 'biggest expansion of face-to-face banking in a generation'  image
Source : Daily Express [Read Article] Tuesday 24th of January 2017 04:32:00 PM
....Under the partnership the Post Office, banks and the Government are to work to raise awareness of the services available to customers who require face-to-face branch services. More than 1,000 high street bank branches have closed over the past two years, according to recent research by consumer watchdog Which?The British Bankers' Association (BBA) said in December more people now use online and mobile banking to manage money and this meant fewer people are using of bank branches, which was leading to closures. ...
HSBC to close 62 more branches this year, blaming online banking image
Source : Guardian [Read Article] Tuesday 24th of January 2017 01:47:13 PM
. HSBC is to shut another 62 branches this year – on top of 55 already earmarked for closure – in a move it blames on customers increasingly conducting their banking through the internet and mobile phones. ...

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