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.... If it has, we’ll plug it,” Brazier said. Brazier said the defence lines did “not eliminate the risks that borrowers and lenders take on when entering into a loan” but that they “safeguard everyone else – the wider economy – from collateral damage. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:40:59 PM
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.... Water, water everywhere… disaster came calling in 1953. The defences built afterwards are sturdy, but for how long? Congestion at rush hour. ... [Read full article on Guardian ]
Friday 21st of July 2017 03:29:13 PM
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Latest Finance News related to Defence

Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
.... If it has, we’ll plug it,” Brazier said. Brazier said the defence lines did “not eliminate the risks that borrowers and lenders take on when entering into a loan” but that they “safeguard everyone else – the wider economy – from collateral damage. ...
Let’s move to Canvey Island, Essex: ‘Britain’s Mississippi delta’ image
.... Water, water everywhere… disaster came calling in 1953. The defences built afterwards are sturdy, but for how long? Congestion at rush hour. ...
Related to :
Workers’ rights need more protection in the gig economy | Letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:37:34 PM
.... Is there any need for it to hire staff on zero-hours contracts?Malcolm SmithPwllheli, Gwynedd. • In defence of freelancing stewards at Lord’s (Letters, 12 July), while I appreciate the reasons that led Rick Hall to resign his Tate membership in sympathy with the staff on zero-hours contracts, the case at Lords is rather different. ...
Could you spot a bogus Airbnb listing among the genuine ones? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
....Airbnb initially told Money that the company has removed the listing in question and was providing support – but no refund. “Fake or misrepresented listings have no place in our community and our team is working hard to constantly strengthen our defences and stay ahead of fraudsters,” a statement said. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
....There was a need for “stronger promotions”, he said, adding that the performance of stores was also being affected by expansion as new M&S food outlets sprung up on their doorstep. “We have been in fairly long-term growth in food whereas others are playing a recovery game,” said Rowe in defence of the performance. ...
British PR firm Bell Pottinger apologizes for South Africa campaign image
Source : Guardian [Read Article] Monday 10th of July 2017 07:42:03 PM
....Other senior ruling politicians repeated the phrase, as did Black First Land First, a campaigning group connected with the Guptas, which attacked politicians and journalists making allegations of Gupta-government corruption. Several of these were “racists masquerading as journalists in defence of white monopoly capital”, it said, which it would “deal with”. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
.... It does not trump politics now that 27 countries are determined to preserve the union. And not only as a defence against a return of fascism and communism. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
.... So Rake hasn’t even generated an auction, which is usually deemed the chairman’s first duty in these situations. The case for the defence is that the takeover is really a 60-40 merger to be executed mainly in shares, so Worldpay’s investors can enjoy a long-term ride and the benefits of slamming the two operations together. ...
Public sector pay cap is matter for future budgets, says Grayling image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:56:11 AM
....Many feel action is urgent after a government-commissioned report suggested the average pay of teachers had fallen by £3 an hour in real terms, police officers by £2, while the wages of nurses have stagnated. However, David Cameron, the former prime minister, used a speech in Seoul, South Korea, to come to his successor’s defence by saying it was too soon “to let spending and borrowing rip” because of the danger of future economic shocks. ...
Poorest students will finish university with £57,000 debt, says IFS image
Source : Guardian [Read Article] Tuesday 4th of July 2017 11:01:12 PM
....The economic thinktank’s conclusion immediately prompted a sharp political exchange between the main parties and elite universities over the fairness of student finance – and a hint from the minister responsible that amid soaring debts the system could be reviewed again. Gordon Marsden, Labour’s shadow higher education spokesman, said the IFS study made a nonsense of the government’s defence of the current system. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
....Threadneedle Street said banks were themselves the best way to protect against rising consumer credit. “The FPC agreed that firms remained the first line of defence against these risks. ...
Flying high image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:09:01 PM
.... . But Richard Aboulafia, vice president of analysis at Teal Group which focuses on the aerospace and defence industry, says he finds these new business models "intriguing". ...
Google fine: EU is not waging underhand trade war against ​​US tech firms | Nils Pratley image
....4bn of capital over the next 18 months to cover lending mistakes that, in practice, may or may not materialise. Wouldn’t it be easier to raise interest rates as a way to tell overstretched consumers to go easy on the credit? It could still come to that in theory – “monetary policy is the last line of defence to address financial stability issues”, the governor, Mark Carney, reminded his audience – but the Bank’s tweak with the buffers is a better formula. ...
UK banks ordered to hold more capital as consumer debt surges image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:44:48 AM
....25% after Brexit – and financial policy instruments. “Monetary policy is the last line of defence to address financial stability issues,” he said, with monetary policy focused on keeping inflation at its target rate of 2% rather than controlling lending. ...
The Guardian view on Murdoch’s Sky plan: a blow to media plurality | Editorial image
. Elected politicians traditionally shied away from picking fights with wealthy media moguls, wary of those who could spill barrelfuls of ink in defence of their arguments. ...
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
....Yet such a ratio would make most non-billionaires wonder about sustainability. Aren’t vitamin tablets and protein powders natural territory for Amazon? Isn’t a cuddly slogan – “Bringing wellness to the world one happy customer at a time” – an imperfect defence against aggressive pressures?. ...
UK energy industry cyber-attack fears are 'off the scale' image
Source : Guardian [Read Article] Sunday 25th of June 2017 04:20:06 PM
....Brian Gilvary, chief financial officer at BP, said the firm did not share specific information on the number of attacks it faced. However, he said the company had a strategy of repelling what it could, detecting what got through and then cleansing when cyber-attackers had breached defences. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
. The international body that represents the world’s central banks has claimed that globalisation has been made a “scapegoat” for rising inequality, as it launched a defence of closer cross-border ties. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
....UK supermarkets’ response will now become a priority concern for their own shareholders. These businesses are not defenceless: they have loyal customers, big buying power and will not be blown away. ...
Google and Facebook face penalties if they don't stop online hate image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:22:44 PM
....No 10 said the talks would also advance the establishment of an industry-led forum to develop shared technical and policy solutions to the problem, as agreed by world leaders at last month’s G7 summit in Italy. The two countries also plan to hold a summit on defence co-operation before the end of the year in the UK. ...
Special K: tennis player in legal battle with Kellogg's over nickname image
Source : Guardian [Read Article] Thursday 8th of June 2017 12:00:21 AM
....Justice Brigitte Markovic sent the case to a mediation conference in August. She also allowed Kellogg’s extra time to amend its statement of claim and for Kokkinakis to file a defence. ...
Rangers fraud trial: Craig Whyte found not guilty image
Source : BBC [Read Article] Tuesday 6th of June 2017 12:26:41 PM
....Mr Whyte had denied both the charges against him. His defence QC, Donald Findlay, had earlier told the jury that Mr Whyte had been made to look like a "pantomime villain". ...
Britain’s economic model is broken: this is our first post-crash election | Aditya Chakrabortty image
.... But still, their team admit they have a way to go in rethinking Britain’s economy – and they are having to do so against a famously hostile parliamentary party. The result is Corbyn’s manifesto, which is chiefly remarkable for its unabashed defence of basic social democratic values. ...
How to respond to Trump's America | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 2nd of June 2017 01:29:00 PM
.... This is the time for Europe to pull together, recommit itself to the values of the Enlightenment, and stand up to the US, as France’s new president, Emmanuel Macron, did so eloquently with a handshake that stymied Trump’s puerile alpha-male approach to asserting power. Europe can’t rely on a Trump-led US for its defence. ...
BA chaos: why I’m flying the flag for the new arbitration scheme image
Source : Guardian [Read Article] Friday 2nd of June 2017 11:14:07 AM
.... Indeed, if the existing regulations are read literally, BA, although totally to blame, could have a let-out because the level of its incompetence last weekend and the consequences were, truly, exceptional. Not surprisingly, a BA spokesman assured me the company would not be raising any defence on those lines. ...
Power surge? image
Source : BBC [Read Article] Thursday 1st of June 2017 11:43:36 AM
....BA's statement has failed to satisfy everyone. Several IT workers expressed doubt and the explanation was labelled "too simplistic" by independent defence and aerospace analyst Howard Wheeldon. ...
Walsh backs BA boss after computer chaos image
Source : BBC [Read Article] Thursday 1st of June 2017 11:25:25 AM
....One. Willie Walsh has launched a pretty robust defence of the man at the helm of British Airways, Alex Cruz. ...
George Soros attacks Hungarian prime minister for building a 'mafia state' image
....George Soros has accused the Hungarian prime minister Viktor Orbán of building a “mafia state”, as he warned the fate of the Central European University he founded still hangs in the balance. The Hungarian-born financier and philanthropist said he was confident the university’s defence of its freedom would ultimately “bring the slow-moving wheels of justice into motion”, but said it and other organisations he had backed were still at risk under the Orbán-led government. ...
Painstaking detail of Brexit process revealed in EU documents image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:00:00 AM
....“You have to understand there is no feeling of revenge, but we are absolutely convinced that we cannot put the single market in danger,” said the French liberal politician Sylvie Goulard. A confidante of French president Emmanuel Macron, she was speaking last month, shortly before she was named as France’s defence minister. ...
US growth rate revised up to 1.2% image
Source : BBC [Read Article] Friday 26th of May 2017 01:36:45 PM
....That decline was affected by hefty legal settlements paid by companies that included Volkswagen and US units of Deutsche Bank and Credit Suisse, the Commerce Department said. In a separate report on Friday, the Commerce Department said that new orders of durable goods, including defence aircraft and cars, were 0. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
.... The former executive had pleaded not guilty to misleading the Anglo Irish bank’s auditors about loans to him and people connected to him. On Wednesday, the 126th day of an at times a bewildering and complex trial, Fitzpatrick’s defence had argued that the case should not go before the jury because of flaws in the investigation and in the prosecution case, which involved coaching witnesses and shredding documents. ...
Is M&S being radical enough as it slips out of fashion? | Nils Pratley image
Source : Guardian [Read Article] Wednesday 24th of May 2017 01:40:53 PM
.... He probably knows next to nothing about women’s fashion, but he does do “self-help” strategies quickly – and speed is the quality M&S’s frustrated shareholders are entitled to expect. Hands off our strategically significant industrial laundromats! As a defence strategy, it wouldn’t wash, as Berendsen, a UK company on the receiving end of a £2bn bid approach from French group Elis, has worked out for itself. ...
Cybercrime protection: How to make yourself secure online image
Source : Daily Express [Read Article] Wednesday 24th of May 2017 12:01:00 AM
....”. “A strong password is your first defence against hackers and cyber criminals. ...
If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
.... Long passages of the Bank’s annual financial stability report are devoted to cyber-risks. Regulators have bigger threats in mind than the danger that the governor might get duped in a prank but the Bank’s defences, as Carney might put it, seem “not appropriate at all”. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....This proposed budget should be seen as a presidential statement of principles - and those principles often run counter to the ones Mr Trump campaigned on last year. The defence spending boost is there, yes, but funds allocated for a border wall aren't nearly enough to realise Mr Trump's dream. ...
Sean FitzPatrick cleared as Anglo Irish trial collapses image
Source : BBC [Read Article] Tuesday 23rd of May 2017 01:04:32 PM
....Prosecutors had alleged that Mr FitzPatrick had misled Anglo Irish Bank's auditors, Ernst and Young, about details of director's loans he received from Anglo Irish Bank between November 2002 and February 2008. The judge's ruling came after lengthy submissions by the defence - who argued that flaws in the investigation should prevent the case from going before the jury - and prosecutors who said that the trial should continue. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
.... Only then will its union for peace become a reality, not just a platitude invoked by politicians. During the period after the second world war, European heads of state drafted a treaty to establish a European defence community. ...
Forget Brexit, the real challenge is creating enough wealth for an ageing population image
.... The share of national income accounted for by pensions has just about doubled since the second world war to 12% of GDP, and is expected to increase by a further seven percentage points over the next half a century. In the post-1945 period, the rise in pension and health spending was matched by a decline in outlays on defence and debt interest. ...
How workable – and how expensive – might Labour’s renationalisations be? image
.... That leaves the train franchises, which the state just could take over when franchises lapse. Economists Jonathan Portes of King’s College London and Tony Yates of Birmingham University jumped to McDonnell’s defence when he said the policy wouldn’t add to Britain’s debt burden. ...
Ex-RBS boss Fred Goodwin returns to spotlight in £520m court battle image
.... Unless a settlement can be agreed at the 11th hour, the case involving Goodwin, his former chair Sir Tom McKillop, and two others who were at the helm of the bank during the run-up to its near collapse will begin on Monday. Goodwin’s defence costs will be covered by the bank and have already reached £6. ...
Remote air traffic control preparing for takeoff at London City airport image
.... “It sounds a bit silly pumping noise into a control room but it’s something they need to do the job,” Anderson added. The system has been developed by Swedish defence manufacturer Saab, using technology from its Gripen fighter jet. ...
London City first in UK to get remote air traffic control image
Source : BBC [Read Article] Friday 19th of May 2017 12:02:02 AM
....It has already been tested in Australia, Sweden, Norway and Ireland. The technology has been developed by Saab, the Swedish defence and security company, and will be introduced as part of a £350m development programme to upgrade London City Airport. ...
WannaCry lessons image
Source : BBC [Read Article] Thursday 18th of May 2017 11:02:01 PM
...." . And Rob Wainwright, director of Europol, believes that the recent failings in cyber defences were more to do with lack of leadership in large organisations than lack of IT investment. ...
RBS settlement has left business couple feeling 'gutted' image
Source : BBC [Read Article] Thursday 18th of May 2017 01:48:53 PM
....In a statement RBS said: "We have a duty to act in the best interests of all of our shareholders, including the UK taxpayer. We had strong defences to this claim and were thus prepared to defend ourselves vigorously in court. ...
Channel 4 executive who poached Bake Off favourite to land top job image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:00:18 AM
.... The day after Hunt arrived, in January 2011, Miriam O’Reilly won her age discrimination case against the BBC after she was dropped from Countryfile when Hunt was still controller of BBC1. Hunt had appeared before an employment tribunal and given an impassioned defence against the allegations and accusations that she “hated women”. ...
WannaCry attack lifts shares in cybersecurity firm Sophos to record high image
....“If businesses don’t get it right, the cost of getting it wrong can be catastrophic,” Hagerman said. Over the weekend, a claim on the company’s website that “the NHS is totally protected with Sophos” was changed to “Sophos understands the security needs of the NHS”, but analysts believe shares in the company will continue to do well because of the growing need for cyberdefences. ...
NHS cyber-attack: More ransomware cases 'likely on Monday' image
Source : BBC [Read Article] Sunday 14th of May 2017 06:41:08 PM
....He called for the Conservatives to publish the Department of Health's risk register to see how seriously they were taking IT threats. Scottish Justice Secretary Michael Matheson said more than 120 public bodies were being contacted to ensure their defences were adequate. ...
Anti-corruption police investigate UK firm over ex-Nigerian warlord deal image
. Anti-corruption investigators in four countries are examining a British firm’s links to a multimillion-pound defence deal involving a former Nigerian warlord. ...
General election 2017: 'Robin Hood tax' on City pledged by Labour image
....Labour also wants a tax avoidance crackdown and would require anyone earning more than £1m a year to publish their tax returns. Mr McDonnell has also been defending Labour's executive pay cap proposals, which he said would include the chief executive of one of the world's largest defence contractors, Charles Woodburn, who is paid £7. ...
My walk, my signature image
Source : BBC [Read Article] Thursday 11th of May 2017 11:16:00 PM
....We're losing the battle against fraudsters who are stealing or guessing our usernames and passwords with increasing success. So could analysing the quirky ways we use our devices - even the way we walk - provide an additional line of defence?. ...
BT deserves credit – clawing back boss's bonus is common sense | Nils Pratley image
.... Yes, there was a giveaway in the subject field – “The fool doth think he is wise” – but the initial deceit was cutely done. The revelation in the exchange, however, was the degree of fawning gratitude that Staley was prepared to display after an annual shareholder meeting in which McFarlane came to the defence of his chief executive, who is under fire for seeking to unmask a whistleblower. ...
BAE chair fails to confirm whether staff are loading bombs on to Saudi jets image
....A judgment is expected soon in a court case challenging the British government’s decision to keep granting export licences to Saudi Arabia despite mounting concerns about the toll of the strikes. The Saudi-led campaign is an act of self-defence against terrorism, Carr said. ...
Theresa May to promise price cap on energy bills in Tory manifesto image
....The move is likely to draw fierce criticism from opposition parties after the Conservatives criticised Ed Miliband’s energy price freeze pledge in 2015 as evidence that he was living in a “Marxist universe”. The defence secretary, Michael Fallon, has said Labour’s price freeze was different to a cap because it would have prevented prices from dropping. ...
Impact of UK foreign aid diluted by pursuing national interest, says IFS image
....Cross-party adherence to the 2005 promise meant that DfID was spared the austerity that affected most government departments after the Conservative-Liberal Democrat coalition came to power in 2010, the IFS said. DfID’s budget had risen by 24% between 2010-11 and 2015-16, while the average cuts for departments outside of the NHS, education and defence were 28%. ...
Barclays Bank launches new £10m advertising campaign to fight fraud image
Source : Daily Express [Read Article] Monday 8th of May 2017 07:51:00 AM
.... . But nearly a fifth (17 per cent) of people who have been a victim of a fraud or scam take no action to boost their digital defences as a result. ...
I was conned by a fraudster pretending to be an Airbnb host image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
.... This is the main reason it has been so successful and helps to protect visitors from frauds. It told us in a statement: “Fake or misrepresented listings have no place in our community and our team is working hard to constantly strengthen our defences and stay ahead of fraudsters. ...
Euro slips after Macron wins French presidency image
Source : BBC [Read Article] Sunday 7th of May 2017 09:50:10 PM
....Jean Pisani-Ferry, chief economic adviser to Mr Macron, told BBC Radio 4's Today programme that France's new president had no interest in punishing Britain and did not want a hard Brexit, but said he would be "tough" during negotiations. He said: "There is a mutual interest in keeping prosperity that exists, that has been built over the years from lots of economic and various relationships, also the security and defence relationship is extremely important in the kind of environment we are in and which is a very dangerous environment. ...
US budget: No cash for Trump's wall in budget deal image
Source : BBC [Read Article] Monday 1st of May 2017 06:26:01 AM
....Democrats say they torpedoed from the spending bill 160 policy measures, known as riders, that they labelled "poison pills". According to reports, none of Mr Trump's calls for $18bn in non-defence cuts are included. ...
MPs call for end to 'bogus' self-employment image
Source : BBC [Read Article] Sunday 30th of April 2017 11:00:07 PM
....Mr Field also said that Uber's recent announcement that drivers could buy subsidised sickness insurance was "just another way of pushing costs on to the workforce". In its defence, Uber said it contributed towards the scheme that drivers can join, and which gives a range of benefits including illness and injury cover. ...
BBC exposes flaws in 'world's most secure' email service image
Source : BBC [Read Article] Thursday 27th of April 2017 05:27:44 PM
.... . Late on 27 April, Nomx published a strong defence of its product and disputed the way in which Mr Helme tested the device. ...
'Pawternity' leave image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:08:29 PM
.... "The policy gives me the flexibility to choose when to take a fully paid week off with Rye, which I'll be doing next month to get her fully house trained," she says. And in defence of Brewdog, it has also always been dog-friendly, and allows employees to take their pets to work with them. ...
Airbus chief in Eurofighter fraud probe image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:47:50 PM
.... . Its defence ministry has said it was misled over the pricing. ...
Voodoo Reaganomics won't save Trump on the Hill | Larry Elliot image
Source : Guardian [Read Article] Wednesday 26th of April 2017 03:33:00 PM
.... He called it voodoo economics, which is was it turned out to be. Reagan’s tax cuts and higher defence spending were certainly accompanied by higher growth but they did not pay for themselves. ...
Lockheed Martin profits take fall, despite sales increase image
Source : BBC [Read Article] Tuesday 25th of April 2017 05:20:59 PM
. Unexpected losses related to international business dragged down first-quarter profits at US defence giant Lockheed Martin. ...
Diesel vehicles important for UK economy, says industry image
Source : BBC [Read Article] Monday 24th of April 2017 11:39:01 PM
. The motor industry's fight-back against growing opposition to diesel has moved up a gear with a strong defence of commercial vehicles. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
. The Conservative party’s proposed price cap on energy bills is “very different” from the price freeze advocated by Ed Miliband at the last general election, according to Sir Michael Fallon, the defence secretary and former energy minister. ...
Bubble, bubble, toil and trouble: why ultra-low mortgage rates are dangerous | Jonn Elledge image
....Anyway. If you’ve ever had this annoying row with an ageing relative, then you’ll know that they have one last trump card, one last line of defence for their privileges. ...
Juicero: Juicing boss defends $400 machine image
Source : BBC [Read Article] Friday 21st of April 2017 07:26:05 AM
....". Not everyone was convinced by Mr Dunn's defence of his product. ...
Germany wants a strong EU. Why would it allow Britain an easy Brexit? | Charles Grant image
.... Britain, like Germany, is also a net contributor to the EU budget. They fear that Brexit will weaken the EU’s foreign and defence policy. ...
How Britain can build a successful, lasting industrial strategy image
Source : Guardian [Read Article] Sunday 16th of April 2017 10:03:01 AM
....The idea that Reagan pursued a form of pure laissez-faire is, of course, nonsense. Plenty of US firms reaped the benefits of vastly increased defence spending in the 1980s, a form of military Keynesianism, that had plenty of technological spin-offs. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
.... The board of Barclays seems to think so too, because if there were a genuine chance that he could be banned, they would surely have taken pre-emptive action and asked him to resign rather than face the embarrassment of being forced into a change by the regulator. In his defence, Staley appears to have been trying to protect a friend who he felt was being harassed. ...
Trump, trade, interest and aid make for a challenging IMF summit image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
....But talking heads in Washington will have to concede that part of Trump’s electoral success was born out of discontent among many voters who felt harmed by globalisation. There was some admission of that, in the run-up to the meeting, in a joint defence of trade from the IMF, the World Bank and the World Trade Organisation. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
....Share prices remain close to their record highs but for how long? Cannier investors have taken one look at Trump’s Dr Strangelove-style foreign policy antics and decided to park their money elsewhere. US defence stocks look like a decent bet; the rest of the stock market does not. ...
Strikes announced on Virgin Trains East Coast and Arriva Rail North image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:53:49 AM
....“It is that flagrant disregard for the safety issues at the heart of the dispute which leaves us with no option but to put on this further day of strike action. “RMT commends our Arriva Rail North members on their rock-solid display of strength, resolve and unity during the action so far in opposition to the introduction of driver-controlled operation and defence of the guards to guarantee a safer, securer and more accessible railway for all. ...
Royal Mail union warns of industrial action over pension scheme closure image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:44:38 AM
....Laith Khalaf, a senior analyst at Hargreaves Lansdown, warned that this could turn into a costly battle for Royal Mail. “With a highly unionised workforce, which has in the past shown itself willing to flex its muscle in defence members’ rights, introducing an alternative plan is likely to prove costly. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....The regulators’ ultimate weapon is declaring an individual not fit and proper to be a director of the bank and therefore forcing Staley’s dismissal, although Barclays’ share price (which had risen slightly by the close of trading) tells you the market thinks that outcome highly unlikely. Staley’s defence appears to be that the whistleblower was making a malicious personal attack on a colleague, rather than anything substantive about the bank’s operations. ...

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