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....Newcastle were promoted to the Premier League on Monday, just 348 days after relegation. According to its 2015-16 accounts, the club had a turnover of £126m, paid out £75m in players' wages and recorded pre-tax loss of £4. ... [Read full article on BBC ]
Wednesday 26th of April 2017 09:26:01 AM
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....Troubled Royal Bank of Scotland has reported its first quarterly profit since the third quarter of 2015. Shares in the bank opened up almost 4% after it posted profits of £259m in the first three months of 2017, compared with a £968m loss a year earlier. ... [Read full article on BBC ]
Friday 28th of April 2017 06:26:06 AM
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....One notable tax missing from Wednesday’s briefing was the “border adjustability tax”, a proposal to tax goods imported into and sold in the United States championed by Ryan. The tax, backed by House Republicans, was supposed to serve as a means to offset any loss in revenue from corporate tax cuts but ran into opposition from major corporate interests, including retailers and automobile manufacturers. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:35:17 PM
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Tuesday 25th of April 2017 12:37:22 PM
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....So delegation after delegation of ministers, mayors and assorted financial centre lobbyists have been filling London’s best hotels and providing a welcome boost to the high-end restaurant trade. Luxembourg, Frankfurt, Dublin and others have been making glossy presentations about their cities’ competitive advantages over London: lower property costs, lower corporate tax rates, Michelin-starred restaurants, and Porsche dealerships – all the essential services that make up a vibrant financial centre. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 07:08:45 AM
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....”. Hewson also praised the Australian Prudential Regulation Authority for warning in March that individual directors may be financially accountable for failing to factor in losses from climate change, commenting “that’s shaken them up a lot”. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 08:00:15 PM
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....The warning came ahead of Deutsche's latest results which showed that job cuts had boosted profits. The bank reported that first-quarter profits more than doubled to 575m euros (£490m), helped by cost-cutting efforts which have seen 3,300 job losses in the past 12 months. ... [Read full article on BBC ]
Wednesday 26th of April 2017 09:19:18 PM
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....Keeping that talent should be the government's top priority, he added. His comments signal a shift among City groups after suggestions last year that the biggest risk from Brexit was the loss of EU trading rights. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:19:59 PM
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....The implications still appear to be sinking in. First, there is the long-term capital loss, as the value of property in the UK keeps rising. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:30:38 AM
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....Lloyds' statutory profit was boosted by the absence of last year's £800m charge from its controversial move to buy back expensive bonds from investors. Mr Augar told the BBC: "This time last year they had to disclose a horrible loss due to volatility in their own bond prices. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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.... Harald Wilhelm, finance director, told reporters later that the demonstrated performance on the US company's new Geared Turbofan engines was "not satisfactory" and that although a technical solution was in hand, "we still need to see proof coming through". The Airbus Helicopters unit slipped into loss as the world's largest commercial helicopter maker continues to suffer from the grounding of aircraft in UK and Norway, following a crash that killed North Sea oil workers. ... [Read full article on BBC ]
Thursday 27th of April 2017 08:21:02 AM
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....Julia Long, Unite’s national officer, said unions would fight the plans to shed jobs. “We will be campaigning to save as many jobs as possible and pressing Nestlé to think again about these plans which will see the loss of hundreds jobs and the production of an iconic biscuit shipped to Poland,” he said. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 03:32:22 PM
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....”. Despite being the biggest new player in the music industry, Spotify has operated at a loss for the past decade, reporting a $195. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:55:19 PM
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.... . The ruling comes comes six years after former chief executive Michael Woodford exposed his colleagues for falsifying accounts to conceal losses of $1. ... [Read full article on BBC ]
Friday 28th of April 2017 06:11:19 AM
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.... . During the financial crisis, bad loan losses chewed through banks' capital reserves and lenders including Royal Bank of Scotland and Lloyds had to be given new capital by taxpayers, making them part-nationalised. ... [Read full article on BBC ]
Friday 28th of April 2017 02:26:12 PM
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.... The threshold was set in 1999 by the Montreal Convention which harmonises compensation rules for international flights. Campaigners claim that it discriminates against some passengers because it fails to distinguish between the loss of a suitcase of clothes and a wheelchair that is someone’s lifeline. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... Or perhaps Twitter, despite Dorsey’s many modifications, is simply less suited to commercial messages. If so, even Donald Trump’s tweeting flurries, which boost the audience statistics, won’t bring salvation – or a reason to value an 11-year-old company making a loss so highly. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:37:04 PM
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....The inflated value of AssetCo, whose main customers were the London and Lincolnshire fire services, and which had a listing on the Alternative Investment Market, had been achieved by the exaggeration of its assets and by inventing sources of income. That in turn meant that the firm's shareholders suffered large losses when the value of the shares fell from £6 each in 2009 to just £1 each in 2011. ... [Read full article on BBC ]
Monday 24th of April 2017 02:48:48 PM
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. The number of people using Twitter has risen and the firm's losses narrowed in the first three months of this year. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:37:14 PM
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.... Some income from licensing deals increased. The 11-year old company made a net quarterly loss of $62m, an improvement on the $80m it lost in the first quarter of 2016 and much less than the $167m it lost in the previous quarter. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 01:48:14 PM
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....During his election campaign Mr Trump called Nafta the "single worst trade deal ever" and a "killer" of US jobs. The reversal surprised markets, sending the Mexican peso and Canadian dollar higher after losses earlier this week. ... [Read full article on BBC ]
Thursday 27th of April 2017 05:40:25 AM
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....British Gas is the only one of the large suppliers to have not hiked prices in the recent flurry of tariff rises, although analysts expect the cap will dent its parent company’s earnings before by £300m. Experts at Jefferies, the stockbroker, said that if the company offset the pain by making its fixed deals more expensive – as seems likely across the industry – it would reduce the loss to £150m. ... [Read full article on Guardian ]
Monday 24th of April 2017 09:05:46 AM
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....7%, after it reported its first quarterly profit since third quarter of 2015. RBS posted profits of £259m in the first three months of 2017, compared with a £968m loss a year earlier. ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....”. In other words, there should be no desire to return to the pre-2007 growth because that would suggest another colossal bust was just around the corner. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 02:02:46 PM
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....We rely on volunteers to manage the day-to-day running, and our treasurer was just that – a volunteer doing his best. Barclays has washed its hands of the matter and refused to cover the losses, bar the £8. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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....UK shares joined in a European rally in equities following the first round of France's presidential vote that also sparked a jump in the euro. The FTSE 100 index clawed back some of the losses triggered by last week's announcement of a general election, closing up 2% at 7,264. ... [Read full article on BBC ]
Monday 24th of April 2017 07:55:14 AM
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....The Swiss lender put on hold a plan to sell shares in its domestic banking business and posted a first quarter profit of 596m Swiss francs. That compares with a 302m Swiss franc loss a year ago. ... [Read full article on BBC ]
Wednesday 26th of April 2017 06:27:10 AM
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....The Industrial Communities Alliance – an all-party body representing local authorities in the traditional industrial areas of England, Scotland and Wales – said it was vital to create a UK regional development fund worth at least £1. 5bn a year to compensate for the loss of EU funds after Brexit. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:44:57 AM
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....6%. Standard Chartered shares rose 4% after its quarterly profit nearly doubled from a year ago as the bank brought loan losses under control. ... [Read full article on BBC ]
Wednesday 26th of April 2017 07:34:44 AM
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.... Comparison sites are, unsurprisingly, not happy, and argue previous intervention has led to lower switching rates and higher prices. With the energy companies’ profit margins under pressure, the cheapest, fixed deals on the market will clearly go up to compensate for the losses imposed by a cap. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 03:08:01 PM
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Latest Finance News related to Loss

Email scammers turn their sights on youth football teams image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....We rely on volunteers to manage the day-to-day running, and our treasurer was just that – a volunteer doing his best. Barclays has washed its hands of the matter and refused to cover the losses, bar the £8. ...
RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
....5%. However, the shares remained below the level at which taxpayers break even on their 43% stake, which the chancellor, Philip Hammond, has said will need to be sold at a loss. ...
'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
.... . During the financial crisis, bad loan losses chewed through banks' capital reserves and lenders including Royal Bank of Scotland and Lloyds had to be given new capital by taxpayers, making them part-nationalised. ...
Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
....7%, after it reported its first quarterly profit since third quarter of 2015. RBS posted profits of £259m in the first three months of 2017, compared with a £968m loss a year earlier. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
. Royal Bank of Scotland has reported its first quarterly profit since 2015, as it looks to turn a corner after nine years of losses since its £45bn bailout during the financial crisis. ...
UK economy is being sucked into London and south-east, says TUC image
Source : Guardian [Read Article] Friday 28th of April 2017 06:44:57 AM
....The Industrial Communities Alliance – an all-party body representing local authorities in the traditional industrial areas of England, Scotland and Wales – said it was vital to create a UK regional development fund worth at least £1. 5bn a year to compensate for the loss of EU funds after Brexit. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
....Troubled Royal Bank of Scotland has reported its first quarterly profit since the third quarter of 2015. Shares in the bank opened up almost 4% after it posted profits of £259m in the first three months of 2017, compared with a £968m loss a year earlier. ...
Olympus scandal: Former bosses to pay $529m over fraud image
Source : BBC [Read Article] Friday 28th of April 2017 06:11:19 AM
.... . The ruling comes comes six years after former chief executive Michael Woodford exposed his colleagues for falsifying accounts to conceal losses of $1. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
....Low-income working families face significant reductions in income as a result of planned cuts to benefits, according to the Institute for Fiscal Studies (IFS). The thinktank says the freeze in benefit rates and cuts to child tax credit, coupled with the rollout of universal credit, which has become less generous as a result of changes to work allowances, signal “large losses” for low-income households. ...
Airbus profits fall as technical problems continue to hit projects image
.... Harald Wilhelm, finance director, told reporters later that the demonstrated performance on the US company's new Geared Turbofan engines was "not satisfactory" and that although a technical solution was in hand, "we still need to see proof coming through". The Airbus Helicopters unit slipped into loss as the world's largest commercial helicopter maker continues to suffer from the grounding of aircraft in UK and Norway, following a crash that killed North Sea oil workers. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
....Lloyds' statutory profit was boosted by the absence of last year's £800m charge from its controversial move to buy back expensive bonds from investors. Mr Augar told the BBC: "This time last year they had to disclose a horrible loss due to volatility in their own bond prices. ...
Trump won't scrap Nafta trade deal 'at this time' image
Source : BBC [Read Article] Thursday 27th of April 2017 05:40:25 AM
....During his election campaign Mr Trump called Nafta the "single worst trade deal ever" and a "killer" of US jobs. The reversal surprised markets, sending the Mexican peso and Canadian dollar higher after losses earlier this week. ...
Deutsche Bank: Brexit risk to up to 4,000 UK jobs image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:19:18 PM
....The warning came ahead of Deutsche's latest results which showed that job cuts had boosted profits. The bank reported that first-quarter profits more than doubled to 575m euros (£490m), helped by cost-cutting efforts which have seen 3,300 job losses in the past 12 months. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... Or perhaps Twitter, despite Dorsey’s many modifications, is simply less suited to commercial messages. If so, even Donald Trump’s tweeting flurries, which boost the audience statistics, won’t bring salvation – or a reason to value an 11-year-old company making a loss so highly. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....One notable tax missing from Wednesday’s briefing was the “border adjustability tax”, a proposal to tax goods imported into and sold in the United States championed by Ryan. The tax, backed by House Republicans, was supposed to serve as a means to offset any loss in revenue from corporate tax cuts but ran into opposition from major corporate interests, including retailers and automobile manufacturers. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
....Lower tax rates mean less tax revenue - which could be a serious problem for Republicans in Congress worried about national debt and a ballooning deficit. Estimates for the loss vary. ...
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
....In the end, Trump will only get his corporate tax cut implemented with the agreement of Congress. Both Republicans and Democrats will want to know how the president intends to make up for the loss of revenue that a cut of this magnitude will cause. ...
Twitter revenues decline for first time as advertising falls away image
Source : Guardian [Read Article] Wednesday 26th of April 2017 01:48:14 PM
.... Some income from licensing deals increased. The 11-year old company made a net quarterly loss of $62m, an improvement on the $80m it lost in the first quarter of 2016 and much less than the $167m it lost in the previous quarter. ...
Twitter users up but 'headwinds' forecast image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:37:14 PM
. The number of people using Twitter has risen and the firm's losses narrowed in the first three months of this year. ...
Barclays boss sounds Brexit talent warning image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:19:59 PM
....Keeping that talent should be the government's top priority, he added. His comments signal a shift among City groups after suggestions last year that the biggest risk from Brexit was the loss of EU trading rights. ...
Arrests as Newcastle and West Ham raided in £5m tax probe image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:26:01 AM
....Newcastle were promoted to the Premier League on Monday, just 348 days after relegation. According to its 2015-16 accounts, the club had a turnover of £126m, paid out £75m in players' wages and recorded pre-tax loss of £4. ...
FTSE 100 ticks up at the close image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:34:44 AM
....6%. Standard Chartered shares rose 4% after its quarterly profit nearly doubled from a year ago as the bank brought loan losses under control. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
....So delegation after delegation of ministers, mayors and assorted financial centre lobbyists have been filling London’s best hotels and providing a welcome boost to the high-end restaurant trade. Luxembourg, Frankfurt, Dublin and others have been making glossy presentations about their cities’ competitive advantages over London: lower property costs, lower corporate tax rates, Michelin-starred restaurants, and Porsche dealerships – all the essential services that make up a vibrant financial centre. ...
Credit Suisse plans £3bn fundraising to boost capital image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:27:10 AM
....The Swiss lender put on hold a plan to sell shares in its domestic banking business and posted a first quarter profit of 596m Swiss francs. That compares with a 302m Swiss franc loss a year ago. ...
Most global investors recognise financial risk of climate change, report finds image
....”. Hewson also praised the Australian Prudential Regulation Authority for warning in March that individual directors may be financially accountable for failing to factor in losses from climate change, commenting “that’s shaken them up a lot”. ...
Andrew Tyrie, scourge of bankers, deserves new City role | Nils Pratley image
Source : Guardian [Read Article] Tuesday 25th of April 2017 06:18:25 PM
.... It’s true there was nothing slow about the progress in revenues at Whitbread’s two big formats – Premier Inn’s turnover was 9% better and Costa Coffee’s almost 11%. It’s just that, as one goes down the profit and loss account, the numbers aren’t as sparkling as they used to be. ...
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. ...
How streaming saved the music: global industry revenues hit £12bn image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:55:19 PM
....”. Despite being the biggest new player in the music industry, Spotify has operated at a loss for the past decade, reporting a $195. ...
Nestlé to axe 300 UK jobs and move Blue Riband production to Poland image
Source : Guardian [Read Article] Tuesday 25th of April 2017 03:32:22 PM
....Julia Long, Unite’s national officer, said unions would fight the plans to shed jobs. “We will be campaigning to save as many jobs as possible and pressing Nestlé to think again about these plans which will see the loss of hundreds jobs and the production of an iconic biscuit shipped to Poland,” he said. ...
Accountants Grant Thornton fined £2.3m over audit image
Source : BBC [Read Article] Monday 24th of April 2017 02:48:48 PM
....The inflated value of AssetCo, whose main customers were the London and Lincolnshire fire services, and which had a listing on the Alternative Investment Market, had been achieved by the exaggeration of its assets and by inventing sources of income. That in turn meant that the firm's shareholders suffered large losses when the value of the shares fell from £6 each in 2009 to just £1 each in 2011. ...
Buying a holiday home in Spain? This is how you can make BIG savings image
Source : Daily Express [Read Article] Monday 24th of April 2017 11:39:00 AM
....There is no obligation to make a transfer, so you can decide whether to move your money at that level or wait to see if the rate improves even more. Other services you might want to look into include forward contracts and stop loss/limit orders. ...
Five-a-side firms Goals and Powerleague in merger talks image
Source : BBC [Read Article] Monday 24th of April 2017 10:24:36 AM
....Goals and Paisley-based Powerleague between them operate about 100 sites, most of which are located in the UK. Last June, Goals launched a new strategic plan following its first annual loss in 12 years. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
....British Gas is the only one of the large suppliers to have not hiked prices in the recent flurry of tariff rises, although analysts expect the cap will dent its parent company’s earnings before by £300m. Experts at Jefferies, the stockbroker, said that if the company offset the pain by making its fixed deals more expensive – as seems likely across the industry – it would reduce the loss to £150m. ...
FTSE 100 up 2% as European stocks rally after French vote image
Source : BBC [Read Article] Monday 24th of April 2017 07:55:14 AM
....UK shares joined in a European rally in equities following the first round of France's presidential vote that also sparked a jump in the euro. The FTSE 100 index clawed back some of the losses triggered by last week's announcement of a general election, closing up 2% at 7,264. ...
How disabled travellers still face discrimination by airlines image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... The threshold was set in 1999 by the Montreal Convention which harmonises compensation rules for international flights. Campaigners claim that it discriminates against some passengers because it fails to distinguish between the loss of a suitcase of clothes and a wheelchair that is someone’s lifeline. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
.... Comparison sites are, unsurprisingly, not happy, and argue previous intervention has led to lower switching rates and higher prices. With the energy companies’ profit margins under pressure, the cheapest, fixed deals on the market will clearly go up to compensate for the losses imposed by a cap. ...
I’m all shook up by my Miele washing machine’s vibrations image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... But it is not faulty. I am now at a loss as to what to do. ...
Working mothers face pay and childcare challenges, reports find image
Source : Guardian [Read Article] Saturday 22nd of April 2017 09:01:27 PM
....The report said a woman with a partner and two children who works fewer than 16 hours a week and earns the government’s “national living wage” of £7. 50 an hour would see her childcare costs overwhelm her earnings, leading to a net loss. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....The government began selling off its stake to investors in 2013, with the final 2% likely to be sold this year. Earlier this week, Mr Hammond hinted that the 72% stake in Royal Bank of Scotland may be sold at a loss. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said. Just days after admitting that the taxpayer faced multibillion-pound losses on its stake in Royal Bank of Scotland, Philip Hammond said the government had now “recovered every penny of its investment in Lloyds”. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
.... . In the year to 28 January, Bob's and Eastern Outfitters notched up losses of $26m. ...
Which? survey reveals best and worst UK broadband providers image
Source : Guardian [Read Article] Friday 21st of April 2017 06:00:11 AM
.... Its own survey suggested that 51% of broadband customers were “very satisfied” with their provider, with 36% “fairly satisfied”. A “significant” minority – 13% – experienced poor service, mostly due to slow speeds or loss of service, it said. ...
Barbie out of fashion as Mattel slumps image
Source : BBC [Read Article] Thursday 20th of April 2017 10:30:59 PM
....Mattel was forced to slash prices to move unsold stock left over from the Christmas season, which combined with weak first quarter sales resulted in $113. 2m loss. ...
Trump signs order to assess whether steel imports threaten national security image
....”. The US steel industry has blamed China for driving down global prices in order to crush competition and as a result causing US job losses. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... But the IMF would be well advised to come up with some solutions to the problems of the people who voted for Mr Trump. Telling a car worker in Michigan that the answer to the loss of his job is to retrain as a care worker is not going to cut it. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
....". Debenhams said it had no "tail of loss-makers" in its 176 UK store estate and, in fact, many were "highly profitable". ...
Cycling to work can cut cancer and heart disease, says study image
Source : BBC [Read Article] Thursday 20th of April 2017 03:10:41 AM
....However, the effect was still there even after adjusting the statistics to remove the effects of other potential explanations like smoking, diet or how heavy people are. It means the reason cycling cuts cancer risk cannot be down to weight loss in the study. ...
Premier League revenues soar but clubs still make a loss image
Source : BBC [Read Article] Wednesday 19th of April 2017 11:05:23 PM
....6bn in 2015-16, but still struggled to make a profit. The 20 top-flight English teams made a pre-tax loss of £110m, after two consecutive seasons in the black, according to figures from Deloitte. ...
TalkTalk and BT rated worst for broadband in Which? survey image
Source : BBC [Read Article] Wednesday 19th of April 2017 11:02:09 PM
.... . That meant a "significant" minority - 13% - experienced poor service, mostly due to slow speeds or loss of service, it said. ...
Germany wants a strong EU. Why would it allow Britain an easy Brexit? | Charles Grant image
.... They say that if Britain could cherrypick from the single market, opting in or out of certain parts, it would set a dangerous precedent and act as an incentive to populists such as Marine Le Pen. They echo Merkel’s belief that the strength of the EU matters more than the loss of a bit of trade. ...
Brexit’s unpredictable outcome poses risk to global stability, says IMF image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:30:21 PM
....“Although there is a continuum of possible outcomes from Brexit negotiations, it is likely that financial firms’ ability to operate across jurisdictions will be curtailed to some degree,” the report said. Banking activities were likely to be the most affected by the loss of passport rights – which allow UK-authorised firms, banks and fund managers to conduct business in the other 27 states. ...
Morgan Stanley profits jump on bond trading growth image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:27:31 PM
....4bn) for the three months against the same quarter last year. The gain came as investment banking and bond trading revenues jumped, and the bank was able to set aside less money for credit losses. ...
Dulux owner reports 'record performance' image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:04:29 AM
....The firm said its earnings before income tax in 2017 were expected to be about 100m euros higher than in 2016. It is also planning a further 150m euros of cost savings, but did not say whether this would lead to job losses. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
. The chancellor has admitted for the first time that the government is prepared to sell its stake in Royal Bank of Scotland (RBS) at a loss. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
. The controversial collapse of the BHS department store chain last April, led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
. Philip Hammond has signalled that the government is facing a multibillion-pound loss from selling off its 73% stake in Royal Bank of Scotland. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
.... In particular, the report refers to increasing "pressures for inward looking policies in the advanced economies". The report notes the loss of what it calls middle-skilled jobs in advanced economies as a result of technological change since the early 1990s. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
...."The US economy continues to show consumer and business optimism, and our results reflect that," chief executive Brian Moynihan said. Bank of America, which serves some 46 million households, last year was hurt by losses related to property and the energy industry in the first quarter. ...
Indian tycoon Vijay Mallya bailed in UK image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:33:56 AM
.... . Kingfisher made annual losses for five years in a row and finally collapsed after lenders refused to give it fresh loans. ...
Hackers attacked one in five UK firms last year, survey finds image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:01:21 AM
....Last year Yahoo discovered that hackers had accessed email addresses, telephone numbers, dates of birth, passwords and, in some cases, encrypted or unencrypted security questions and answers from more than 1bn user accounts in August 2013, making it the largest such breach in history. Adam Marshall, the BCC director-general, said: “Cyber-attacks risk companies’ finances, confidence and reputation, with victims reporting not only monetary losses, but costs from disruption to their business and productivity. ...
Cyber attacks 'hit one in five UK firms' image
Source : BBC [Read Article] Tuesday 18th of April 2017 02:26:38 AM
....Just a quarter of the firms the BCC surveyed said they had put in place security measures to protect themselves against hacking. "Cyber attacks risk companies' finances, confidence and reputation, with victims reporting not only monetary losses, but costs from disruption to their business and productivity. ...
REVEALED: Most common financial scams to avoid image
Source : Daily Express [Read Article] Tuesday 18th of April 2017 12:01:00 AM
.... . Particularly, "invoice fraud" can cause substantially big losses. ...
Care homes charging for rooms after residents die, watchdog finds image
Source : Guardian [Read Article] Monday 17th of April 2017 01:09:18 PM
.... The regulator has the power to make recommendations to the government and the industry about changes that need to be madeand can also threaten businesses with legal action if they are deemed to have breached consumer laws or engaged in unfair commercial practices. One submission from the wife of a resident said: “The emotion in moving a close relative from home to a care home is complex – guilt, feelings of failure, tragedy at the loss of the person you once knew and their transition into a person who can no longer understand anything or help themselves. ...
Can’t we stop colossal firms taking over small businesses? image
Source : Guardian [Read Article] Monday 17th of April 2017 01:08:04 PM
....And aren’t there enough Tescos already? How come these massive outfits are allowed to take over smaller outfits, whether the smaller ones want them to or not? Remember Kraft’s takeover of Cadbury in 2010? Afterwards, the chocolate bars shrank, the Somersdale factory closed, goodbye to 500 jobs, and the company stopped working with Fairtrade and changed from “a force for social good to the worst example of brutal corporate capitalism”, as the Independent put it. Isn’t there meant to be a monopolies watchdog? The Competitions and Markets Authority? What’s it watching while all these colossal takeovers are going on? The telly? I hope they saw Follow the Money, in which a huge and wicked bank took over a small and idealistic one, murdering and brutally assaulting anyone who impeded them. ...
Tata Steel merger with Thyssenkrupp under threat image
Source : Guardian [Read Article] Monday 17th of April 2017 12:36:06 PM
....Talks between Tata Steel and German company Thyssenkrupp about combining their European steel operations have been ongoing for months but there are still major hurdles to overcome. Germany’s largest trade union, IG Metall, confirmed this week it was opposed to the tie-up and described it as “high risk” amid fears it would lead to thousands of job losses and the closure of plants in Germany. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
....According to research by the Guardian, just 52 of BHS’s 164 stores have found new tenants or have deals on the table ahead of next week’s anniversary of the biggest high street failure since Woolworths went out of business in 2008. BHS went into administration on 25 April 2016 with the loss of 11,000 jobs. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
....Toshiba admitted this week that its survival is at risk and that the firm could be delisted from the Tokyo stock exchange, following a major accounting scandal and an ill-timed bet on nuclear power. The 142-year-old company is poised to record Japan's biggest industrial loss after its investment in US nuclear unit Westinghouse turned toxic. ...
Who is liable for £20,000 worth of jewellery stolen during our house move? image
....The removers have denied liability, while Royal & Sun Alliance, which provides the insurance on behalf of the building society, has also refused to pay out. RSA sent a loss adjuster to my house, who said I could claim on accidental loss up to £7,500. ...
Five minute guide to getting covered for your holiday image
Source : Daily Express [Read Article] Sunday 16th of April 2017 12:01:00 AM
....Bishop says: “It is shocking how many holidaymakers leave buying travel insurance to the last minute. Losing out on a holiday is bad enough, but if you have taken out comprehensive travel insurance you will not suffer a financial loss as well. ...
Music industry goes to war with YouTube image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... “Moreover, Google drives audiences to YouTube, which devalues artists’ music. That’s a win-win for them, but a colossal loser for artists. ...
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... It had already overtaken Ford earlier in the month. The punchy valuation for a loss-making manufacturer has divided the investment community and sparked some head-scratching among car-sector stalwarts. ...
'Week of perfectly avoidable gaffes': how Pepsi, United and Spicer went wrong image
....”. Memes and jokes blossomed on social media and late night chat shows and Saturday Night Live, which had already scored a hit with Melissa McCarthy lampooning Spicer. ...
Credit Suisse bosses slash bonuses 40 percent image
Source : Guardian [Read Article] Friday 14th of April 2017 03:10:01 PM
....Three shareholder advisory services, including the influential Institutional Shareholder Service (ISS), had urged shareholders to vote down the pay awards. “Despite a second consecutive net loss, variable remuneration levels for the executive board remained high, including a SFr4. ...
Toshiba's US nuclear problems could provide cautionary tale for UK image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....The roots of Toshiba’s admission this week that it has serious doubts over its “ability to continue as a going concern” can be found near two small US towns. It is the four reactors being built for nuclear power stations outside Waynesboro, in Georgia, and Jenkinsville, South Carolina, by the company’s US subsidiary Westinghouse that have left the Japanese corporation facing an annual loss of £7. ...

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