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....The reaction makes sense. Air Berlin has been loss-making for years but it is still a top 10 European airline, measured by numbers of passengers, and thus has been able to irritate rivals by merely surviving. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 06:28:31 PM
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.... The carrier employs more than 3,000 pilots to fly its Airbus aircraft on more than 870 routes in 31 countries. The summer is a critical season for airlines, whose operations are typically loss-making for much of the rest of the year. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 02:25:16 PM
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....As for the four new Bunnings stores, “early indications are that the format is resonating well with customers”. Resonating well? Does that mean financial targets are being met or not? The Homebase refit will take three years at least, so it’s too soon to write off the Aussies, but a loss of £54m in year one won’t reassure the many vocal sceptics back home. ... [Read full article on Guardian ]
Thursday 17th of August 2017 06:45:27 PM
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....A spokesperson for Amazon said in a statement that the company had “no plans” to use its Amazon Go technology to get rid of cashiers at the 465 Whole Foods stores it just acquired. But the Cornerstone analysis noted that airlines and banks made similar assurances about job losses when they introduced check-in kiosks and ATMs respectively; in both industries, employment and wages have declined. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 09:00:35 AM
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....Nokia dominated the mobile phone market for the more than a decade from the late 1990s, but was left trailing behind Apple and Samsung in the smartphone era following the launch of the iPhone in 2007. The Finnish company sold its loss-making mobile devices division to Microsoft in 2013 to focus on its telecoms network equipment business. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:45:10 PM
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.... Such tariffs protect the livelihoods of domestic producers, although 92% of UK workers are employed in sectors that do not benefit from such measures, according to the report. Although removing tariffs could result in job losses for the 8% of British workers in protected sectors, such as farming, the IEA said new roles could be created to offset the losses. ... [Read full article on Guardian ]
Thursday 17th of August 2017 11:01:07 PM
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.... The damages being sought were more than £14bn. The tribunal last month ruled that the case could not proceed through a so-called collective action, saying that even if losses had been suffered and could be estimated across the whole class, there was no way of ensuring that an individual would receive an amount compensating for any loss suffered. ... [Read full article on Guardian ]
Monday 14th of August 2017 05:26:33 PM
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Wednesday 16th of August 2017 03:41:48 PM
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....An easyJet spokesman said it would not comment on speculation. Air Berlin made losses of €782m in 2016. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 04:43:12 PM
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.... Laptop sellers are particularly prone to this problem, and courier firms are rarely much help. Happily for you I asked PayPal to take a second look and it has refunded your losses. ... [Read full article on Guardian ]
Sunday 20th of August 2017 05:59:35 AM
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.... In March, 158 branches – largely NatWest – were earmarked for closure as customers switched to digital channels. The bank is on track to report 10 consecutive years of annual losses when it publishes its results for 2017 next February, and the chancellor, Philip Hammond, has conceded that the taxpayer stake will probably be sold at a loss. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 02:33:43 PM
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....“The ICO recognised that this data breach was of a kind likely to result in customers being scammed. Those affected may have claims for compensation under the Data Protection Act, and for a breach of their confidence, by arguing that the losses suffered were caused by TalkTalk’s failure to keep their personal information secure. ... [Read full article on Guardian ]
Saturday 19th of August 2017 06:00:06 AM
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....Twenty years have passed since former chancellor of the exchequer Gordon Brown launched his scheme to promote the British film industry, and in doing so innocently spawned numerous lucrative tax relief opportunities for advisers and their investors. The scheme, which allowed investors to claim back 40% of a film company’s losses against their own tax bills, ended up meaning that many investors were able to claim around £40,000 tax relief for every £20,000 they put into a production. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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....3% as they cut prices and suffered disruption from changing their look and product ranges. The chains, owned by the retail group Wesfarmers, reported a loss before interest and tax of £54m, after £19m of restructuring costs. ... [Read full article on Guardian ]
Thursday 17th of August 2017 08:08:30 AM
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....The job description says the key focus of the role would be to “set the direction for, and deliver, a new Mayoral Development Corporation covering the former SSI [Redcar steelworks] site”. The steelworks closed two years ago with the loss of 3,000 jobs, a devastating blow to a region that has suffered from decades of post-industrial decline. ... [Read full article on Guardian ]
Friday 18th of August 2017 10:54:24 AM
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.... If you booked a package, ie one or more components were provided by the operator, you are protected by the Package Travel Regulations which state that a holiday must be as described. If you couldn’t resolve the problems while away, you can claim for loss of enjoyment. ... [Read full article on Guardian ]
Saturday 19th of August 2017 05:59:06 AM
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Latest Finance News related to Loss

There are now more than 1,000 tax relief schemes. Give us a break image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
....Twenty years have passed since former chancellor of the exchequer Gordon Brown launched his scheme to promote the British film industry, and in doing so innocently spawned numerous lucrative tax relief opportunities for advisers and their investors. The scheme, which allowed investors to claim back 40% of a film company’s losses against their own tax bills, ended up meaning that many investors were able to claim around £40,000 tax relief for every £20,000 they put into a production. ...
I lost £1,165 to eBay fraudster when selling my electric guitar image
Source : Guardian [Read Article] Sunday 20th of August 2017 05:59:35 AM
.... Laptop sellers are particularly prone to this problem, and courier firms are rarely much help. Happily for you I asked PayPal to take a second look and it has refunded your losses. ...
Travel insurance: Guide to find the best policy for older holidaymakers image
Source : Daily Express [Read Article] Sunday 20th of August 2017 12:01:00 AM
.... . When comparing policies, look for extras such as loss of medication, as well as loss, theft or damage of medical equipment, mobility aid cover and 24-hour medical emergency assistance. ...
TalkTalk scam victims move closer to class-action lawsuit image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
....“The ICO recognised that this data breach was of a kind likely to result in customers being scammed. Those affected may have claims for compensation under the Data Protection Act, and for a breach of their confidence, by arguing that the losses suffered were caused by TalkTalk’s failure to keep their personal information secure. ...
From airline cancellations to that ropey hotel, what to do about botched holidays image
.... If you booked a package, ie one or more components were provided by the operator, you are protected by the Package Travel Regulations which state that a holiday must be as described. If you couldn’t resolve the problems while away, you can claim for loss of enjoyment. ...
European stock markets dip after Spain terrorist attacks image
Source : Guardian [Read Article] Friday 18th of August 2017 05:04:02 PM
....IAG, the parent company of British Airways and the Spanish carrier Iberia, fell 2% on Friday. Ryanair and easyJet posted more modest losses, while Air France-KLM ended the day 1. ...
'Sick joke' to locate Redcar steelworks job in London, says Labour image
Source : Guardian [Read Article] Friday 18th of August 2017 10:54:24 AM
....The job description says the key focus of the role would be to “set the direction for, and deliver, a new Mayoral Development Corporation covering the former SSI [Redcar steelworks] site”. The steelworks closed two years ago with the loss of 3,000 jobs, a devastating blow to a region that has suffered from decades of post-industrial decline. ...
Leaving EU without deal would be no disaster, says thinktank image
Source : Guardian [Read Article] Thursday 17th of August 2017 11:01:07 PM
.... Such tariffs protect the livelihoods of domestic producers, although 92% of UK workers are employed in sectors that do not benefit from such measures, according to the report. Although removing tariffs could result in job losses for the 8% of British workers in protected sectors, such as farming, the IEA said new roles could be created to offset the losses. ...
Bunnings beware: the Homebase revolution is failing to shape up image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:45:27 PM
....As for the four new Bunnings stores, “early indications are that the format is resonating well with customers”. Resonating well? Does that mean financial targets are being met or not? The Homebase refit will take three years at least, so it’s too soon to write off the Aussies, but a loss of £54m in year one won’t reassure the many vocal sceptics back home. ...
B&Q and Homebase sales hammered by bad weather image
Source : Guardian [Read Article] Thursday 17th of August 2017 08:08:30 AM
....3% as they cut prices and suffered disruption from changing their look and product ranges. The chains, owned by the retail group Wesfarmers, reported a loss before interest and tax of £54m, after £19m of restructuring costs. ...
Nokia 8 hopes to beat Apple and Samsung with 'bothie', a new version of the selfie image
....Nokia dominated the mobile phone market for the more than a decade from the late 1990s, but was left trailing behind Apple and Samsung in the smartphone era following the launch of the iPhone in 2007. The Finnish company sold its loss-making mobile devices division to Microsoft in 2013 to focus on its telecoms network equipment business. ...
End of the checkout line: the looming crisis for American cashiers image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:00:35 AM
....A spokesperson for Amazon said in a statement that the company had “no plans” to use its Amazon Go technology to get rid of cashiers at the 465 Whole Foods stores it just acquired. But the Cornerstone analysis noted that airlines and banks made similar assurances about job losses when they introduced check-in kiosks and ATMs respectively; in both industries, employment and wages have declined. ...
EasyJet and Ryanair should be wary of launching Air Berlin bid | Nils Pratley image
....The reaction makes sense. Air Berlin has been loss-making for years but it is still a top 10 European airline, measured by numbers of passengers, and thus has been able to irritate rivals by merely surviving. ...
EasyJet could swoop for parts of Air Berlin as it goes into administration image
....An easyJet spokesman said it would not comment on speculation. Air Berlin made losses of €782m in 2016. ...
Holidaymakers urged to buy euros as pound set for PARITY against single currency image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 03:25:00 PM
....Sterling has today tumbled to its lowest levels against the eurozone currency since the Brexit vote, reaching 1. 0953 on Tuesday before clawing back some losses to 1. ...
RBS preparing to cut nearly 900 IT jobs, says union image
Source : Guardian [Read Article] Tuesday 15th of August 2017 02:33:43 PM
.... In March, 158 branches – largely NatWest – were earmarked for closure as customers switched to digital channels. The bank is on track to report 10 consecutive years of annual losses when it publishes its results for 2017 next February, and the chancellor, Philip Hammond, has conceded that the taxpayer stake will probably be sold at a loss. ...
French pilots claim easyJet is risking safety by scheduling too many flights image
.... The carrier employs more than 3,000 pilots to fly its Airbus aircraft on more than 870 routes in 31 countries. The summer is a critical season for airlines, whose operations are typically loss-making for much of the rest of the year. ...
£14b​n class action case against Mastercard revived image
Source : Guardian [Read Article] Monday 14th of August 2017 05:26:33 PM
.... The damages being sought were more than £14bn. The tribunal last month ruled that the case could not proceed through a so-called collective action, saying that even if losses had been suffered and could be estimated across the whole class, there was no way of ensuring that an individual would receive an amount compensating for any loss suffered. ...
Aw, Snapchat! Its shares stood little chance in the face of Facebook image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
.... They should have known it all along, of course, since Facebook has never disguised its ambition to crush any social media upstarts that get in its way. But it didn’t prevent Snap being valued at a colossal $28bn on its first day of trading on the US stock market in March. ...
Gloom for Asda as it posts worst results this century image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
.... Analysts at Peel Hunt expect Mears to report a flat profit of £18. 1m, with a 14% rise in its housing business but a £1m loss from its care operations, where the market remains challenging. ...
Boom or bust: what’s the truth about UK house prices? image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
....The homelessness charity Shelter also wants to see a shake-up. “Our current model of housebuilding simply isn’t delivering the affordable homes we desperately need – it allows big developers to make millions while ordinary families face colossal housing costs,” said Anne Baxendale, Shelter’s director of communications, policy and campaigns. ...
REVEALED: The shock return on £15,000 saved in cash in 2007  image
Source : Daily Express [Read Article] Saturday 12th of August 2017 11:01:00 AM
.... Look at annual and ongoing charges, as well as any exit fees charged by platforms. It can be alarming when your investments are falling, but selling too early and locking in losses is a mistake that many investors make. ...
Have we gone too far in vilifying landlords? | Patrick Collinson image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
....Around the same time, banks were loosening their lending criteria, offering multiple jumbo-sized loans, sometimes with little verification of the borrowers, and interest-only deals to keep repayments cheap. Add to the mix a reduction in social housing, low levels of private home construction, a loss of confidence in personal pensions, low interest rates and the huge increase in net inward migration after 1997, and you get near-perfect conditions for an explosion in the private rented sector. ...
Trump's North Korea rhetoric spikes US 'fear index' to top level since election image
....On Thursday, the US markets closed lower in their worst day since May although on Friday they were slightly higher and the Vix index fell back. Even so, the S&P 500 index was on track to post its biggest weekly loss in nine months. ...
Vanishing app: Snapchat struggles as Facebook bites back image
Source : Guardian [Read Article] Friday 11th of August 2017 05:40:23 PM
....Is Snapchat – the social media app famous for its disappearing messages – in danger of doing a vanishing act of its own? It’s a question some are asking after investors turned on the company again this week following a second set of poor results which have turned a once-hot tech company into a stock market casualty. The losses alone were steep. ...
Box office massacre: how Hollywood flopped this summer image
Source : Guardian [Read Article] Friday 11th of August 2017 04:14:44 PM
....While the past few months have seen a handful of highly visible exceptions (Wonder Woman, for one, raked in a princely $400m to claim the No 2 spot for the year to date in box-office gross), the articles declaring 2017 to be the greatest movie summer on record refer mainly to the preponderance of high quality films making the rounds rather than big-impact blockbusters. Positive reviews do not a hit make – consider the sad example of Atomic Blonde, a glossy action flick which has barely recouped its $30m budget despite glowing notices and Charlize Theron as a bisexual martial arts Amazon in black lingerie – and we’re in a severe drought of crowd-pleasers operating on a studio scale. ...
Sky faces paying extra £1.8bn for Premier League broadcast rights image
Source : Guardian [Read Article] Friday 11th of August 2017 04:10:07 PM
....Citi’s Singlehurst said: “It is unlikely that a major digital player will bid for the main Premier League packages as they are incredibly expensive and UK only. As a standalone offer they would be a loss leader for Sky or BT, but they are able to cross-subsidise to make it work with broadband, TV, landline and mobile. ...
Wilko warns nearly 4,000 staff could lose jobs image
Source : Guardian [Read Article] Friday 11th of August 2017 12:06:40 PM
....Wilko, the high street homewares and households goods chain, has warned almost 4,000 of its employees that they could lose their jobs in a shake-up that will strip out a layer of management. The potential job losses cap a brutal week for British retail workers, with Asda placing 3,257 employees into consultation and Sainsbury’s announcing plans to axe more than 1,000 head office jobs. ...
News Corp posts $817m loss after falls in value of newspaper and pay TV assets image
. Rupert Murdoch’s News Corp has posted an $817m financial year loss on the back of dramatic falls in the value of newspapers in the UK and Australia and write downs at Australian pay TV platform Foxtel. ...
For the first time ever I am defending banks. Here’s why | John Harris image
.... When I called round a few City insiders this week and asked them how much of London’s financial business Brexit might cost, one put the figure at 25%. An LSE study reckons the potential loss of business revenue is around 15%; one Brussels-based thinktank says the value of assets about to be transferred to mainland Europe may total €1. ...
Snapchat takes another hit on Wall Street image
Source : Guardian [Read Article] Thursday 10th of August 2017 09:38:31 PM
....50 – less than half the $27 they were worth after the company went public. Snap Inc’s misfortunes are weighing heavily on Silicon Valley as more loss making tech companies, including Uber and Airbnb, consider stock market sales. ...
Lego replaces British chief after just eight months at helm image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:51:57 PM
.... The company is still controlled by the founding Kristensen family, which has a 75% stake. Between 1932 and 1998, Lego never posted a loss. ...
Thousands of Asda workers face redundancy or reduced hours image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:08:18 PM
Co-operative Bank sheds 25,000 current account customers but losses shrink image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:25:02 AM
....The Co-operative Bank lost 25,000 current account customers in the first half of the year amid uncertainty created by its race to raise £700m to bolster its capital position. Even so, the chief executive thanked customers for their loyalty as the bank reported a narrowing in its first-half losses to £135m, from £177m. ...
Amazon paid just £15m in tax on European revenues of £19.5bn image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:15:53 AM
....5m. Amazon is a hugely successful business but makes slim margins on the products its sells – the company recently warned it may report a loss in the third quarter – and with low profits comes a low tax bill. ...
Investors move to safe havens as US and North Korea trade threats image
Source : Guardian [Read Article] Wednesday 9th of August 2017 04:25:55 PM
....06. But the prospect of hefty losses on Wall Street stocks was averted when US secretary of state Rex Tillerson said there was “no imminent threat of war” and that Americans could “sleep well at night”. ...
North Korea’s warmongering with Donald Trump hits global stock market raising pension fear image
.... At the moment stock falls have not been too dramatic - the bluechip index is at a higher level than it was a week ago. But if relations between North Korea and the US worsen stock market losses could deepen. ...
Buy-to-let landlords: Five top tips that could save you THOUSANDS image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:30:00 AM
.... You would be surprised how many landlords buy residential home insurance. Buy-to-let lenders will insist that you have buildings insurance to cover bricks and mortar, but a comprehensive landlord insurance policy will also give you cover for contents, liability insurance in case of legal disputes with tenants and loss of rent insurance. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
.... Some groups, including black men and the young, paid a heavy price, but the infamous 3 million unemployment figure that scarred Britain in a previous recession was never breached. In contrast, not a single Whitehall meeting I recall remotely anticipated the colossal pay squeeze that would see real earnings fall by over 10%. ...
Why are Britain’s banks blaming customers for online banking fraud? | Miles Brignall image
.... If you as a consumer try to report an account you believe is being used by fraudsters, you’ll be met with disdain, or the Data Protection Act. Why does this failure happen? The bank is on the hook for credit card losses, but not most bank frauds. ...
Why 'economic anxiety' doesn't explain One Nation and the far-right's return | Greg Jericho image
....As the paper notes, these changes have geographic consequences. Its authors note that “the loss of agricultural and manufacturing jobs is felt most acutely in regional areas and on the city fringes” – think, for example, about the loss of car manufacturers in Geelong, Elizabeth and Altona. ...
REVEALED: The blossoming expat communities in countries you may NOT have considered image
....The country features long expanses of deserted paradisiacal beaches, turquoise Caribbean seas, quiet rural communities, charming markets, stunning biodiversity and bustling modern cities. Indeed, employment opportunities in Costa Rica have also blossomed, as many multinationals take advantage of its free trade zones, rich environment, agriculture and ecotourism. ...
Fast broadband service puts couple on a par with neighbours image
Source : Daily Express [Read Article] Monday 7th of August 2017 12:01:00 AM
.... “Then we were told our line is not powerful enough for broadband and our case had been closed. We’re absolutely at a loss. ...
Sainsbury's cost-saving measures will cut 1,000 head-office jobs image
Source : Guardian [Read Article] Sunday 6th of August 2017 04:17:04 PM
.... It also has an IT team based in Walsgrave, Coventry and a banking division in Edinburgh. Sainsbury’s will confirm the exact number of job losses next month, according to the Sunday Telegraph. ...
Staff at Tesco-owned One Stop demand better redundancy deal image
Source : Guardian [Read Article] Sunday 6th of August 2017 01:10:10 PM
....At the start of this summer Tesco embarked on a cost-cutting programme, during which more than 2,300 people will leave the retailer in the coming months. In June its chief executive, Dave Lewis, said 1,200 head office jobs were on the line and that its Cardiff call centre would also close early next year, with a loss of 1,100 jobs. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
....The encouraging part is that the world of banking has been transformed from the under-capitalised, over-leveraged and inadequately supervised system of 2007. In June this year, Mark Carney, governor of the Bank of England, was able to report that losses that would have wiped out the entire capital base of the UK banking system in 2006 could now be fully absorbed by the top-up capital buffers alone. ...
Two pints of best and an English rosé as wine comes to the beer festival image
....Once the butt of jokes among connoisseurs, producers of English wine have worked hard to build respect for the products of their vineyards. But even though they are going through a boom time at the moment – the number of wine businesses in England and Wales has blossomed in the last year – their toughest challenge may be ahead of them this week. ...
Goodbye to buy-to-let: why I’m moving on after 13 years as a landlady image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
.... The uncertainty, instability and general economic dampening effects are, I feel, bound to impact the housing market, even in a place as buoyant as Oxford. We are already seeing a “softening” of property values, according to Nationwide, and loss of consumer confidence as the weak pound reduces buying power. ...
Pearson to axe 3,000 jobs after slump at main US business image
Source : Guardian [Read Article] Friday 4th of August 2017 06:58:32 AM
....The company announced it has added book chain Barnes & Noble to its textbook rental scheme. In February, Pearson reported a pre-tax loss of £2. ...
RBS plans move to Amsterdam for post-Brexit EU hub image
Source : Guardian [Read Article] Friday 4th of August 2017 06:44:41 AM
....The the 71% taxpayer-owned bank made the announcements as it reported its first half-year profit for three years. The £939m profit compares with a £2bn loss a year ago, although the chief executive, Ross McEwan, warned a full-year loss was likely, which would be the 10th consecutive year of annual losses since its 2008 bailout. ...
'It's hard to remember how fraught it was': Mark Carney on the credit crunch image
....Asked whether he was concerned about the growth of shadow banking, where activity takes place between hedge funds and other non-deposit taking institutions, Carney said there had been action to make the system less risky. First, banks had to hold capital to safeguard themselves against all losses, whether they were on or off their balance sheets. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
....The local government association reports 120,000 families in temporary accommodation, a three-fold increase since 2014, rising at the rate of one secondary school per month. Councils with a statutory duty to house the homeless face heavy losses: Inside Housing found that Brent loses £178 a week for each family in a B&B. ...
Grocer Booths forced to call in accountants for financial health check image
....Booths was badly affected by Storm Desmond, which caused damage to several of its stores in the north-west of England in December 2015. It made an annual loss in the 12 months to the end of March 2016, the latest annual results available. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
.... In the end, it’s the details that will matter. A good technocratic assessment by the Bank would tell us more about where the City stands than any outsider’s guess about the likely number of job losses. ...
HSBC chief sounds alarm over financial regulation and Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 07:02:10 AM
....5bn to shareholders through share buybacks,” said Gulliver, who in the financial stages of a global plan to make savings of $5bn, cut 25,000 jobs and “pivot” the business towards Asia. HSBC has previously said Brexit could force the bank to move moving 1,000 staff to Paris, which Gulliver said would help avoid a loss $1bn of revenue. ...
Last-minute talks bid to halt first Bank of England strike in 50 years image
....The inflation report will contain the Bank’s latest economic forecasts. Marc Ostwald of ADM Investor Services says they will come amid “broadening signs of a significant loss of momentum in the economy, in no small part due to Brexit-related uncertainties”. ...
Amtrak's $630m Trump budget cut could derail service in 220 US cities image
....The next nearest Amtrak station, Sanderson, is 85 miles away. The loss of a service used by about 5,000 people a year, Jamieson said, would be a grievous blow for local people and tourists. ...
Slow economic growth is not the new normal, it's the old norm | Larry Elliott image
....There have been periods in the past in which the Bank of England has left interest rates unchanged for a long time. In 1719, official borrowing costs were raised from 4% to 5%, where they remained during the South Sea bubble, the seven years’ war, the loss of the American colonies, the French Revolution and the Napoleonic wars. ...
Elon Musk hands over first Tesla Model 3 electric cars to buyers image
Source : Guardian [Read Article] Saturday 29th of July 2017 04:59:50 AM
....Until now, Tesla has operated as a niche producer of luxury electric vehicles, with a charismatic, showman chief executive who regularly interacts with fans on his Twitter account. Now loss-making Tesla is trying to move into a different league, building vehicles in high volume for customers able to pay only a few thousand dollars more than the average price of a conventional car or truck sold in the US. ...
Have a break, have a wasabi-flavoured KitKat image
Source : Guardian [Read Article] Friday 28th of July 2017 05:33:29 PM
....The creation of more than 300 flavours since 2004 is also part of cashing in on the tradition of omiyage, in which family members, colleagues and friends bring back gifts for each other from holidays or work trips. There are about 30 dedicated regional flavours of KitKat as well as seasonal specialities, such as cherry blossom, as well as one-off versions in packaging resembling a bottle of sake, Mt Fuji or cheesecake. ...
Sports Direct increases French Connection stake to 27% image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:16:36 PM
.... A higher proportion, nearly 56%, voted against the company’s remuneration policy after shareholder groups expressed concern about unclear targets. Investors aimed to bring about change after five years of losses, which have led to a 52% slump in the value of the FTSE-listed fashion chain since 2014. ...
Richard Branson cedes control of Virgin Atlantic image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:01:06 PM
.... Delta bought a 49% stake in Virgin in 2013 – a move that BA’s chief executive, Willie Walsh, predicted would end in Branson ceding control within five years. Virgin Atlantic edged into profit from 2014 to 2016, but had forecast losses this year on the back of the Brexit referendum and the fall in sterling. ...
Aberdeen to be worst hit by Brexit but all British cities will suffer – report image
....Worthing, Reading, Swindon and Slough were predicted to incur a 2. 8% loss in the event of hard Brexit, followed by Edinburgh (-2. ...
Lloyds to pay £300MILLION compensation to customers: Are YOU owed money? image
Source : Daily Express [Read Article] Thursday 27th of July 2017 11:28:00 AM
.... Any customers in Lloyds litigation process during this period will also have unfair litigation fees refunded, the Financial Conduct Authority (FCA) said. The lender will also offer payments for potential distress and inconvenience, and any loss that customers may have had after not being able to keep up with unsustainable repayment plans. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
....Republicans, partly out of sensitivity to this threat, advocate a territorial tax system, like that used in most countries: taxes should be imposed on economic activity only in the country where it occurs. The concern is that, after imposing a one-off levy on the untaxed profits that US firms hold abroad, introducing a territorial system would generate a tax loss. ...
AstraZeneca shares dive after failure in key lung cancer drug trial image
Source : Guardian [Read Article] Thursday 27th of July 2017 07:36:16 AM
.... Lung cancer is seen as the biggest market opportunity. The Mystic setback came as AstraZeneca reported another drop in revenues in the second quarter, hit by a loss of patents on blockbuster medicines such as the cholesterol pill Crestor. ...
Charles Tyrwhitt founder, Nick Wheeler: 'I'm allergic to bureaucracy' image
Source : Guardian [Read Article] Thursday 27th of July 2017 06:00:42 AM
.... We’ve both got chief executives that run the businesses and we’ve both become more relaxed. The mistakes I made were always to do with a loss of focus. ...
Love Island is awful – but ITV's prospects are better | Nils Pratley image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:54:35 PM
.... One can understand why. In a TV land that is supposedly in the early stages of revolution – consider the investment buzz around Netflix, now valued at a colossal $78bn (£60bn) – ITV’s 16% slump in interim pre-tax profits to £259m carried a hint that the storm outside is not intensifying. ...
GSK to cut drug development projects to focus on 'winners' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:36:06 PM
.... She wants £1bn of annual cost savings by 2020, which will be used to fund the development and launch of new products and offset the impact of pressure on drug pricing. GSK already announced last week that it would sell its Horlicks UK brand, shut the Slough factory where the malt drink is made, ditch plans for a new biopharmaceutical factory in Cumbria and outsource some manufacturing from its Worthing site in West Sussex, with the loss of 320 jobs in Britain. ...
Britons urged to insure themselves on ‘staycations’ as half will travel without protection image
.... . Yet almost one in 10 has fallen victim of theft, loss or damage while holidaying in the UK, of whom a third didn’t claim on their insurance. ...
Noel Edmonds increases compensation claim for HBOS fraud to £300m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:56:42 PM
....The former Deal Or No Deal host had originally been seeking in the region of £50m to £70m, but a new statement issued by Edmonds confirms the claim has been ramped up substantially. The amount, for losses allegedly suffered when Edmonds’ former business Unique Group was destroyed because of the fraud, is three times the amount Lloyds has provisioned for all the claims in the case. ...

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