Topic filter : Loss

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....British Gas’s owner, Centrica, said it was permanently closing the Rough facility off the Yorkshire coast because it had become unsafe and uneconomic to reopen the facility, which had been temporarily shut over safety fears. The loss comes on top of the diplomatic crisis in Qatar, which supplies a third of UK gas imports and has highlighted the UK’s increasing reliance on hydrocarbon imports. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:28:40 PM
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....“Immigration certainly played a role in the exit vote, and many voters (partly encouraged by misleading politicians) thought immigration was to be blamed for their problems, while those problems are more complex and date longer,” she said in the July 2016 comments. “Skill-biased technological progress, globalisation, and the fall of unions have created winners and losers, and the latter have not been compensated for their losses. ... [Read full article on Guardian ]
Monday 19th of June 2017 03:47:58 PM
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....Sofa chain DFS became the latest business to complain of tough trading conditions last week when it blamed a sharp drop in orders on the upheaval created by the general election as well as the general air of uncertainty hanging over the economy. Other firms say they have been hit by the loss of key workers, as staff from other parts of the EU return home ahead of a potential clampdown on immigration. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
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Thursday 22nd of June 2017 12:00:22 AM
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....The organisation warned against hitting landlords with any further changes to taxation and lending rules, saying the figures “re-emphasise the case for avoiding further changes to the tax and regulatory framework until the effect of these already in train have been properly assessed”. Some landlords have claimed that major tax changes being phased in gradually between April 2017 and April 2020 meant letting not longer made financial sense and some would end up making a net loss. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 05:45:48 PM
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.... However, the savings in your pocket come from somewhere. Almost all come from the money poured into the company by venture capitalists (Uber still operates at a loss overall), but some comes from taxi drivers cut out of business. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
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....” The shelf-stocker said he hoped the company’s benefits package, generous for the sector, would not be affected. “Here it’s great, I get full benefits and everything,” another worker said, adding that he had heard negative reports about the work environment at an Amazon warehouse but was not worried about potential job losses if Bezos’s drone-loving company pursues a more automated approach. ... [Read full article on Guardian ]
Monday 19th of June 2017 06:00:28 AM
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....Imagination has been trying to sell its Mips and Ensigma businesses since early May to shore up its finances, and said it had received indicative proposals for both. Wilson said: “These were both strong potential growth areas that could have delivered lasting revenue accretion to offset the loss of Apple. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 08:03:55 AM
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....”. Andrew RT Davies, leader of the Conservatives in the Welsh Assembly, said: “This could be the biggest single loss of jobs in Wales since 2009, and will be a huge blow for the employees and their families and the South Wales economy. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 02:05:28 PM
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....The latest wave of job cuts by RBS in the UK comes after at least 400 roles were moved to India last year, including 300 or so investment banking jobs. In March this year the state-owned bank also said it was axing 158 branches, most of which were NatWest outlets, with the loss of up to 362 jobs. ... [Read full article on Guardian ]
Sunday 25th of June 2017 03:48:43 PM
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.... Having your second largest shareholder characterise your tenure as “disastrous” hardly suggests the chairman has been doing a flawless job – and nor does the company’s share price. It slumped by 62% in February 2016 after the firm warned of mounting losses following a “disappointing” start to that year – and it hasn’t really shown much sign of staging a comeback since. ... [Read full article on Guardian ]
Monday 19th of June 2017 11:28:57 AM
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....The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. But under a proposal being discussed by the bank’s controlling hedge fund shareholders, this stake could drop towards zero unless the group decides to pump millions of pounds into the loss-making bank. ... [Read full article on Guardian ]
Monday 19th of June 2017 05:30:31 PM
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....Second, it would have been impossible for Uber to pursue a stock market listing via an IPO, or at least the supposed $68bn (£54bn) valuation would have been a fantasy. The technology bubble in the US is alive and inflating, but who would pay that kind of money for a loss-making company whose boss had become a liability?. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:01:21 AM
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.... So the line was that Labour accepted the result of the referendum but would seek to secure access to the single market in any negotiations. Despite the loss of a handful of seats where the leave vote was strong, the strategy worked. ... [Read full article on Guardian ]
Sunday 25th of June 2017 01:05:57 PM
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.... There ought to be some effort to see how countries, overrun time and again in war, have a different order of priorities for partnership. Economics? Pounds sterling, euros, profits and losses? Naturally. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:21 AM
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....The lenders will then be liquidated, which leaves the state footing the bill for bad loans on both banks’ books, plus restructuring costs. The Italian government would provide state guarantees worth up to €12bn to cover potential losses at the ‘bad’ bank, Pier Carlo Padoan, the finance minister, told reporters in Rome. ... [Read full article on Guardian ]
Sunday 25th of June 2017 05:14:25 PM
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....”. The family claim that the delay caused by the lack of anyone available to provide advice “caused us to suffer further losses” as they had had to make decisions, and they booked the Butlins trip “on the reasonable assumption that our policy would provide cover [for the accommodation]”. ... [Read full article on Guardian ]
Saturday 24th of June 2017 06:00:00 AM
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Latest Finance News related to Loss

Italy to wind up two failing banks at potential cost of €17bn image
Source : Guardian [Read Article] Sunday 25th of June 2017 05:14:25 PM
....The lenders will then be liquidated, which leaves the state footing the bill for bad loans on both banks’ books, plus restructuring costs. The Italian government would provide state guarantees worth up to €12bn to cover potential losses at the ‘bad’ bank, Pier Carlo Padoan, the finance minister, told reporters in Rome. ...
RBS to cut hundreds of UK jobs in move to India image
Source : Guardian [Read Article] Sunday 25th of June 2017 03:48:43 PM
....The latest wave of job cuts by RBS in the UK comes after at least 400 roles were moved to India last year, including 300 or so investment banking jobs. In March this year the state-owned bank also said it was axing 158 branches, most of which were NatWest outlets, with the loss of up to 362 jobs. ...
With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
.... So the line was that Labour accepted the result of the referendum but would seek to secure access to the single market in any negotiations. Despite the loss of a handful of seats where the leave vote was strong, the strategy worked. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
.... However, the savings in your pocket come from somewhere. Almost all come from the money poured into the company by venture capitalists (Uber still operates at a loss overall), but some comes from taxi drivers cut out of business. ...
Europe is the shared story our papers tell. It’s what made me who I am image
.... There ought to be some effort to see how countries, overrun time and again in war, have a different order of priorities for partnership. Economics? Pounds sterling, euros, profits and losses? Naturally. ...
BA ruined our break – but it still won’t pay out! image
Source : Guardian [Read Article] Saturday 24th of June 2017 06:00:00 AM
....”. The family claim that the delay caused by the lack of anyone available to provide advice “caused us to suffer further losses” as they had had to make decisions, and they booked the Butlins trip “on the reasonable assumption that our policy would provide cover [for the accommodation]”. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
....The organisation warned against hitting landlords with any further changes to taxation and lending rules, saying the figures “re-emphasise the case for avoiding further changes to the tax and regulatory framework until the effect of these already in train have been properly assessed”. Some landlords have claimed that major tax changes being phased in gradually between April 2017 and April 2020 meant letting not longer made financial sense and some would end up making a net loss. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....Sofa chain DFS became the latest business to complain of tough trading conditions last week when it blamed a sharp drop in orders on the upheaval created by the general election as well as the general air of uncertainty hanging over the economy. Other firms say they have been hit by the loss of key workers, as staff from other parts of the EU return home ahead of a potential clampdown on immigration. ...
Imagination puts itself up for sale amid Apple dispute image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:03:55 AM
....Imagination has been trying to sell its Mips and Ensigma businesses since early May to shore up its finances, and said it had received indicative proposals for both. Wilson said: “These were both strong potential growth areas that could have delivered lasting revenue accretion to offset the loss of Apple. ...
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
....”. Andrew RT Davies, leader of the Conservatives in the Welsh Assembly, said: “This could be the biggest single loss of jobs in Wales since 2009, and will be a huge blow for the employees and their families and the South Wales economy. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
....Second, it would have been impossible for Uber to pursue a stock market listing via an IPO, or at least the supposed $68bn (£54bn) valuation would have been a fantasy. The technology bubble in the US is alive and inflating, but who would pay that kind of money for a loss-making company whose boss had become a liability?. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
....British Gas’s owner, Centrica, said it was permanently closing the Rough facility off the Yorkshire coast because it had become unsafe and uneconomic to reopen the facility, which had been temporarily shut over safety fears. The loss comes on top of the diplomatic crisis in Qatar, which supplies a third of UK gas imports and has highlighted the UK’s increasing reliance on hydrocarbon imports. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. But under a proposal being discussed by the bank’s controlling hedge fund shareholders, this stake could drop towards zero unless the group decides to pump millions of pounds into the loss-making bank. ...
Brexit critic joins Bank of England interest rate-setting committee image
Source : Guardian [Read Article] Monday 19th of June 2017 03:47:58 PM
....“Immigration certainly played a role in the exit vote, and many voters (partly encouraged by misleading politicians) thought immigration was to be blamed for their problems, while those problems are more complex and date longer,” she said in the July 2016 comments. “Skill-biased technological progress, globalisation, and the fall of unions have created winners and losers, and the latter have not been compensated for their losses. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
.... Having your second largest shareholder characterise your tenure as “disastrous” hardly suggests the chairman has been doing a flawless job – and nor does the company’s share price. It slumped by 62% in February 2016 after the firm warned of mounting losses following a “disappointing” start to that year – and it hasn’t really shown much sign of staging a comeback since. ...
Whole Foods for thought: Austin foodies ponder future under Amazon image
Source : Guardian [Read Article] Monday 19th of June 2017 06:00:28 AM
....” The shelf-stocker said he hoped the company’s benefits package, generous for the sector, would not be affected. “Here it’s great, I get full benefits and everything,” another worker said, adding that he had heard negative reports about the work environment at an Amazon warehouse but was not worried about potential job losses if Bezos’s drone-loving company pursues a more automated approach. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
.... In France, Italy and across much of the continent hordes of young people are kept like circling aeroplanes above an airport, ready to land whenever a slot opens and a job becomes available. In the UK we have colossal numbers of workers from all ages and both sexes on zero-hour contracts and in part-time work who would like more hours and security should it be offered. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
....The first thing to say is that falling house prices are only really a worry if you are looking to sell your property, as you may struggle to find a buyer at the right price. For most people, their house is their home rather than an investment, and if you have no plans to move, any loss is a paper one only. ...
Record levels of green energy in UK create strange new world for generators image
.... A new scheme will pay conventional power station owners £378m in subsidies this winter to be on standby and ensure the lights stay on. The other is the payments from National Grid to fossil fuel plants for services that are vital to national power supply, such as “blackstart” – the ability to restart the nation’s power grid in the event of a catastrophic, widespread loss of energy supplies. ...
Sainsbury's poised to buy Nisa in response to Tesco swoop on Booker image
Source : Guardian [Read Article] Saturday 17th of June 2017 12:35:00 PM
....3bn. The group’s financial problems stemmed from the loss of £500m in sales in 2014 after Costcutter switched to the rival supplier Palmer & Harvey. ...
Let’s move to Helensburgh, Argyll & Bute: ‘The air seems to sparkle’ image
....The case against Not cheap. And not for those who hanker after hullabaloo: it’s all cherry blossom and villas round here. ...
Ofcom fines Three £1.9m for failing to maintain 999 access image
Source : Guardian [Read Article] Friday 16th of June 2017 10:12:50 AM
....89m after uncovering the weakness in the mobile operator’s emergency call network. In October 2016, Three notified Ofcom of a temporary loss of service affecting customers in Kent, Hampshire and parts of London. ...
Creditors agree terms to disburse Greece's €8.5bn bailout funds image
Source : Guardian [Read Article] Friday 16th of June 2017 12:05:16 AM
....Without that, Athens is unlikely to achieve market access any time soon – a negative sign for investors who would view the country’s return to capital markets as evidence that after eight years of economic crisis and gruelling austerity the worst is behind it. Outside investment is seen as vital to Greece recouping some of the 27% loss in GDP it has suffered since its ordeal through bankruptcy began. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
....276 it is still down 14% against the dollar when compared with the night of the EU referendum a year ago. The pound’s loss has been the FTSE 100’s gain, however, as weaker sterling has flattered the earnings of the many companies on the stock index that make money overseas. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
....Thames Water is the company that gives even doubters cause to wonder whether renationalisation of the water industry might be a good idea. Ownership of the operating business, and the finer details of the colossal £10. ...
Farming is a fresh field for Michael Gove's slash and burn politics image
Source : Guardian [Read Article] Sunday 11th of June 2017 08:08:48 PM
.... The EU Common Agricultural Policy, which many farmers rely on for a significant chunk of their income, will have to be replaced with a UK-focused system. And the Common Fisheries Policy, which Gove blamed for the loss of his father’s fish-processing business, is also likely to have to be replaced with a new arrangement. ...
Double whammy for British tourists as pound plunges and prices rise abroad image
....43 of two years ago. On Friday the pound suffered initial heavy losses during volatile trading as the impact of the inconclusive election rippled through the City. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
.... It could be a catastrophe for lenders. “PCP car finance relies on the lenders’ ability to realise guaranteed future values, which can only happen in a strong used car market; but if hundreds of thousands of diesel drivers were to use consumer law to return their PCP-financed cars early – passing the early-termination losses back to the lenders – the cost would be so great that many finance companies wouldn’t be able to cope. ...
Dementia tax: Tory-DUP coalition could take care cost reforms off agenda, says ex minister image
...."The most we are likely to see is further tinkering as the government looks to fill its budget shortfall with further salami slicing of pension tax relief for higher earners. “The new Government will also shortly need to make up its mind about future changes to the state pension age, and the loss of a majority in the Commons means that the more aggressive increases which the Treasury would have preferred are now probably off the table. ...
Willie Walsh: 'I think some of the criticism of BA has been unfair' image
....It has been a busy couple of weeks for Walsh, since the bank holiday weekend meltdown of BA’s computer systems – evidently the result of a slip by a technician – that left planes grounded and tens of thousands of passengers’ holiday plans in tatters. The debacle’s enduring image was of crowds of would-be travellers stuck in Heathrow’s Terminal 5, with airline staff clueless what to advise – later compounded by the widespread loss of luggage and mealy-mouthed discussions of compensation. ...
Election 2017 pound latest: Should you buy euros and dollars after hung parliament? image
....However, the pound is also at risk of huge volatility that could see its value sink further. Travellers heading overseas this year, who are worried about exchange rates, have been urged to consider buying some of their euros, dollars and other holiday money now to protect against further losses. ...
Pound plunges amid fears over Brexit delays image
Source : Guardian [Read Article] Friday 9th of June 2017 01:05:46 AM
....But the exit poll showed that would not be case. During the night the currency regained some of the lost ground as the first results came in and traders stationed at their desks across the City calculated that the exit poll was overstating the Conservatives’ losses. ...
Markets edge down as fears surface on size of Tory majority image
Source : Guardian [Read Article] Thursday 8th of June 2017 04:46:15 PM
.... This is not to say that there isn’t the potential for further sterling appreciation on a Tory victory, with a clear extension of their majority likely to see more gains ahead. “However the outcome is far less certain than PM May would have hoped when she announced the snap election back in mid-April and a loss of her majority would come as a crushing blow to not only her party, but also to the pound. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
.... The City believes the most likely outcome to the bank’s latest fundraising exercise will involve hedge funds stumping up the cash, as part of a transaction involving the bank’s bond holders and issuing new shares. The Co-op Bank has already warned bondholders that potential bidders have sought “some form of liability management exercise” – which could require investors taking losses in return for equity stakes. ...
Gordon Ramsay's Brexit nightmare: chef hires team to halt rising costs image
....Despite the added pressures Gordon Ramsay Group managed to bounce back to profit for the first time in two years thanks to restructuring and international expansion. Last week the firm posted earnings of £739,000, up from a £2m loss on sales of £51. ...
How will the City react to a Tory or Labour general election victory? image
Source : Guardian [Read Article] Thursday 8th of June 2017 09:10:38 AM
....This could spark expectations that May will not survive as leader of the Conservative Party. Stefan Kreuzkamp, chief investment officer at Deutsche Asset Management, said: “Tory losses of the sort implied by some of the recent projections could fatally undermine the position of May as prime minister and party leader. ...
Flybe promises overhaul after £20m loss image
Source : BBC [Read Article] Thursday 8th of June 2017 08:00:13 AM
. Regional airline Flybe has hit turbulence, running up a near £20m loss after previous expansion plans proved too ambitious. ...
Topshop owner sees profits dive by 79% image
Source : BBC [Read Article] Thursday 8th of June 2017 12:44:18 AM
....Taveta also made a £21. 8m provision for "onerous" leases on loss-making stores last year. ...
Santander and RBS haunted by ghost of financial crisis image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:26 PM
.... They claimed they were misled by the former RBS boss, three former directors and the bank itself when they backed a £12bn cash call. The bank was bailed out six months later leaving them nursing heavy losses. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
....UK sales for Taveta slid 22% to £1. 7bn, with a big hit coming from the loss of nearly £370m in income from BHS stores after it was sold. ...
Relieved RBS bosses should spare a thought for the claimaints image
Source : Guardian [Read Article] Wednesday 7th of June 2017 02:27:31 PM
....It would be harder to perform the trick in, say, Italy, where bondholders tend to be retail savers, but never mind, the Spanish example sets a good precedent that holders of lower-class IOUs can lose all their capital when a bank is in distress. Their CoCo, or contingent convertible capital, paper is called loss-absorbing for a reason. ...
Court rules that Germany's nuclear tax is illegal image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:26:23 AM
....The policy was drawn up following the disaster at Fukushima in Japan in March 2011. Germany's environment minister Barbara Hendricks said that the court ruling was a "colossal irritation". ...
Santander rescues rival Banco Popular from collapse image
Source : BBC [Read Article] Wednesday 7th of June 2017 06:32:55 AM
....Banco Popular unveiled a 3. 5bn-euro loss last year as bosses continued to struggle to deal with nearly $40bn (£31bn) of toxic property loans. ...
Airline bosses: we must apologise immediately for BA-style crises image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:02:04 PM
....Peter Bellew, the chief executive of Malaysia Airlines, said the rise of social media had made a swift response imperative. Bellew joined the airline after the loss of two passenger jets in 2014 with hundreds of fatalities. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
. The Labour party has accused the government of failing to act on fixed-odds betting terminals, after data showed that gamblers’ losses are largest in deprived areas and opposition-held constituencies. ...
Security firm asks EU to investigate Microsoft image
Source : BBC [Read Article] Tuesday 6th of June 2017 01:43:21 PM
...."Microsoft's primary objective is to keep customers protected," it added. In its statement, Kaspersky said: "These actions by Microsoft lead to a lower level of protection for users, a limitation on their right to choose, and financial losses both for users and security solution manufacturers. ...
Rangers fraud trial: Craig Whyte found not guilty image
Source : BBC [Read Article] Tuesday 6th of June 2017 12:26:41 PM
....". The defence QC had also pointed out that there had been "no loss" to Sir David Murray in the buyout. ...
Fred Goodwin escapes high court appearance as RBS settles lawsuit image
Source : Guardian [Read Article] Tuesday 6th of June 2017 11:50:13 AM
....Members of the action group were told last week that there were “practical and legal risks which had to be considered” in agreeing a settlement at 82p – less than the price they had aimed for but double previous settlements. The case focused on losses incurred by investors when the bank was bailed out just six months after its cash call. ...
FTSE 100 steady as Burberry shares fall image
Source : BBC [Read Article] Tuesday 6th of June 2017 08:06:48 AM
....The company said "challenging" trading conditions seen in the second half of its 2016-17 financial year had continued into the current quarter. AO reported a 17% rise in annual revenues, but full-year operating losses widened to £12m from £10. ...
AO World warns of 'significant' slowdown in UK growth image
Source : BBC [Read Article] Tuesday 6th of June 2017 07:33:02 AM
....AO said the UK market had been affected by weaker consumer confidence after the Brexit vote, the pick-up in inflation and a slowdown in the housing market. Its full-year operating losses widened to £12m from £10. ...
Rise of the machines: who is the ‘internet of things’ good for? image
Source : Guardian [Read Article] Tuesday 6th of June 2017 04:30:13 AM
.... The most prominent advocates of this approach appear to believe that no particular act of interpretation is involved in making use of any data retrieved from the world in this way. But data is never “just” data, and to assert otherwise is to lend inherently political and interested decisions an unmerited gloss of scientific objectivity. ...
British Airways says IT chaos was caused by human error image
Source : BBC [Read Article] Monday 5th of June 2017 05:58:37 PM
....However, an email leaked to the media last week suggested that a contractor doing maintenance work inadvertently switched off the power supply. The email said: "This resulted in the total immediate loss of power to the facility, bypassing the backup generators and batteries. ...
London Stock Exchange shouldn't bend rules for $2tn Saudi flotation | Nils Pratley image
.... It is argued that the 25% rule was never designed with companies as big as Aramco in mind, so it shouldn’t be allowed to get in the way of good business. That line of thought puts an absurdly glossy veneer on the lust for fees. ...
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
....”. Coad also said Lloyds lacked the expertise to deliver on a promise to compensate victims not only for financial losses but for the distress and anguish caused by the scam. ...
Government support needed to unlock billions in green business, says industry image
.... “Following the commitments made by six world leaders at the recent G7 summit, and the news of greater cooperation between China and the EU on climate change, major global players like the UK must continue to build competitive, low-carbon economies and honour their commitments under the Paris agreement. ” Environmental businesses in the UK have been hit in recent years by swings in government policy that have led to job losses and uncertainty among potential investors. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
....5m a year from 2019. The deal was struck soon after Green agreed to pay £363m to resolve the pension deficit at BHS, which collapsed with the loss of 11,000 jobs in spring 2016. ...
Yes, house prices are falling: but they probably won’t fall quickly image
....With this in mind, far from breathing a sigh of relief following news of a short-term cut in pension deficits, employers should continue to prepare for the worst. French Connection was once a big brand – remember when every teenager wanted FCUK on their T-shirt? But the label has been drifting for a decade and has run up five years of losses. ...
WPP needs a big name to follow Sir Martin Sorrell image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
....Despite the already painful drop, analysts at Numis reckon the shares are “not cheap enough” and say they could drop by another 20% or so, as people have started to notice the industry’s dirty little secrets – chief among which is how few people actually make any money from this game. Shareholders are nursing losses but CMC Markets founder Peter Cruddas has trousered millions. ...
Five-minute guide to getting insurance for your mobile image
Source : Daily Express [Read Article] Sunday 4th of June 2017 12:01:00 AM
....MOBILE MISERY . Handsets can cost nearly £800, but are hugely vulnerable to loss, theft, technical problems or accidental damage. ...
For BA, a £100m compensation bill could be just the start image
Source : Guardian [Read Article] Saturday 3rd of June 2017 02:59:09 PM
....”. Should the tens of thousands stranded that Saturday – and potentially the same number again delayed as the knock-on effects stretched into Monday – decide to switch, BA’s loss could far outstrip the estimated £100m compensation bill. ...
Peer-to-peer lending promised 6%, but I’ve been left red-faced and in the red image
.... At the time, the relatively new lender was promising returns of 5-6% a year – 10 times more than his bank. However, almost a year and a half on, his investment is now worth just £988 – a loss of £12. ...
What am I bid? Prices go through the roof at Christie's handbag auction image
.... Around the world there will be six such Christie’s sales this year. A glossy 130-page brochure has been produced for the London event, featuring 169 bags of every colour “to fit the discerning tastes of top international collectors”, with guide prices of up to £150,000. ...
General Election 2017: Should YOU buy holiday money before the vote? image
Source : Daily Express [Read Article] Friday 2nd of June 2017 02:06:00 PM
.... Sterling hit multi-week lows against the dollar after polls showed the Conservatives may not breeze to victory on June 8. Britain's currency has since recovered some of its losses, but is set to see-saw in the days leading up to the election. ...
US adds fewer jobs than expected image
Source : BBC [Read Article] Friday 2nd of June 2017 12:56:13 PM
.... Construction and mining payrolls also rose. But losses in the retail sector continued, with payrolls falling by 6,100 over the month. ...
Arora brothers cash in £227m of shares from B&M retail chain image
Source : Guardian [Read Article] Friday 2nd of June 2017 12:13:31 PM
....The Aroras, whose father ran a cash and carry in Manchester, bought B&M in 2005. The business – founded by Malcolm Billington in Blackpool in 1976 – was loss-making, with sales of about £65m. ...
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
....EU rules mean most passengers will receive between €250 and €600 depending on the length of the affected flight. But many will have suffered substantial out-of-pocket losses on top, which is where most disputes may arise. ...
BA delays: Airline changes advice over claims for expenses image
Source : BBC [Read Article] Friday 2nd of June 2017 10:02:41 AM
....Questions still remain over exactly how the IT fiasco occurred. The airline said on Wednesday that a loss of power to a UK data centre was "compounded" by a power surge that took out its IT systems. ...
British Airways cabin crew to hold four-day strike over pay dispute image
....In an internal email to staff, Bill Francis, the head of IT for BA’s parent company, IAG, said an uninterruptible power supply to a core data centre at Heathrow was over-ridden. He said: “This resulted in the total immediate loss of power to the facility, bypassing the backup generators and batteries … After a few minutes of this shutdown of power, it was turned back on in an unplanned and uncontrolled fashion, which created physical damage to the system, and significantly exacerbated the problem. ...
From videos to vlogs image
Source : BBC [Read Article] Thursday 1st of June 2017 11:31:14 PM
....Budding fitness kings and queens can publish and gain a following without star status, a fancy studio or thousands of pounds' worth of equipment, simply recording workouts on their smartphones at the beach or in their gardens and editing the content on their laptops. But unlike the traditional workout video, where weight loss and fitness was the goal, consumers are logging on to their favourite fitness vloggers for a more intimate and interactive experience. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
.... Along with more than 4,000 colleagues, he is celebrating the end of a year-long agreement to give up 3% of their wages to help secure the future of British Steel. The restoration of their pay coincides with a return to the black – a £47m underlying profit capping a dramatic turnaround since the plant slumped to a £79m loss in its final year under the stewardship of former owner Tata Steel UK. ...
Willie Walsh praises British Airways bosses after IT meltdown image
Source : Guardian [Read Article] Thursday 1st of June 2017 04:25:02 PM
....Sutherland said: “I’ve got travel insurance but it doesn’t cover me for this. Who’s going to cover the compensation for the loss of earnings? I’ve lost thousands this week. ...

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