Topic filter : Loss

Most trending topics in Business & Finance ( last 24 hours ):
Twitter Flight Ryanair Airline Passenger Fraud Retire Forbes Pound Negotiation Brexit Home Insurance Insurance Allowance Tax Break Investigation Allegation G4S Election Transport Commuter

Socially Most Trending News

....GlaxoSmithKline, Britain’s biggest drugmaker, recently said it would scale back its presence in Britain, the first major move by the company’s new chief executive, Emma Walmsle. The firm said 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. ... [Read full article on Guardian ]
Sunday 27th of August 2017 01:31:50 PM
Total Trend count
1301
Most trending on :
1299 2
....“It is worse than tulip bulbs,” Dimon said, referring to a famous market bubble from the 1600s. He predicted big losses for those investing in bitcoin. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 08:10:44 AM
Total Trend count
715
Most trending on :
712 2 1
....But Cordant’s ambitions to cap its dividend and profits could be limited by its ability to produce them, according to accounts filed at Companies House. The Uxbridge-based company made a pre-tax loss of £9m last year, although it posted a profit of £3. ... [Read full article on Guardian ]
Monday 11th of September 2017 05:00:04 AM
Total Trend count
555
Most trending on :
555
....Annual sales have broken the £100m mark for the first time – and are forecast to quadruple over the next five years. In sheer volume terms fizzy drinks such as Coke still reign supreme, but coconut water (which really is 95% water) has been boosted by its purported benefits – from hangover cure to weight loss aid – and British consumers are lapping it up. ... [Read full article on Guardian ]
Friday 8th of September 2017 01:56:10 PM
Total Trend count
447
Most trending on :
447
....This week a Reuters survey found that about 10,000 finance jobs will be shifted out of Britain if the UK is denied access to Europe’s single market. The findings suggested that the first wave of job losses would be lower than previous predictions, which suggested that as many as 100,000 jobs would be lost as a result of Brexit. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 03:48:56 PM
Total Trend count
227
Most trending on :
227
.... It uses up to 160 herbs grown by a few thousand mostly small-scale farmers in 30 countries. Last year Pukka made a pre-tax loss of £24,000, down from a £233,000 loss the year before. ... [Read full article on Guardian ]
Thursday 7th of September 2017 08:15:55 AM
Total Trend count
225
Most trending on :
225
....Bailey told the Guardian he had visited debt charities across the UK and that many people were facing difficulties with“frontline debt” such as council tax and utility bill arrears. He said organisations extending that kind of credit were often faster to recoup their losses, which can involve bailiffs, court orders and repossessions, than traditional lenders. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:34:39 PM
Total Trend count
216
Most trending on :
214 2
.... But that will leave as many as 100,000 ticket holders seriously delayed, with possible weekend getaways wrecked. O’Leary said consequential losses, caused when travellers cancel hire cars or hotels, will not be covered by Ryanair. ... [Read full article on Guardian ]
Monday 18th of September 2017 06:38:58 PM
Total Trend count
213
Most trending on :
213
....The Irish airline, which has experienced huge growth in Italy and controls 24. 3% of the market, compared with Alitalia’s 17%, made a non-binding offer for its lossmaking rival in July. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 11:57:42 AM
Total Trend count
212
Most trending on :
212
....The sum sought by Edmonds is three times the £100m pot Lloyds has set aside for customers affected by the fraud. The £300m is to cover losses relating to the collapse of the celebrity’s entertainment firm Unique Group a decade ago, as well as the “distress” and “public humiliation” he has suffered. ... [Read full article on Guardian ]
Sunday 10th of September 2017 03:27:19 PM
Total Trend count
187
Most trending on :
187
....“Would you risk having hours withheld, possibly losing your job and being called in by management because you indicated dissatisfaction with your work environment?”. Turner described the survey as “a bogus exercise to gloss over past failures and some of the problems” which he said still persisted at the warehouse. ... [Read full article on Guardian ]
Friday 1st of September 2017 03:33:38 PM
Total Trend count
182
Most trending on :
182
....Asda operates a fully automated distribution warehouse in west London; white-collar tasks are being automated by PwC, the accountancy firm, and Linklaters, the law firm, which have been developing software robots that use artificial intelligence to learn to do research tasks usually undertaken by junior accountants and lawyers. The RSA warns that artificial intelligence and robotics will “undoubtedly cause the loss of some jobs, whether it is autonomous vehicles pushing taxi drivers out of business or picking and packing robots usurping warehouse workers”. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 10:34:36 AM
Total Trend count
145
Most trending on :
143 1 1
....The counterclaim was filed in federal court in Los Angeles on Tuesday and said West’s Very Good Touring Inc had failed to cooperate in the insurance company’s investigation into the claim for cancelled concerts, according to the court documents. Lloyd’s said that its policies excluded any losses caused directly or indirectly by the possession or use of illegal drugs, the impact of prescription drugs not used as prescribed, or the use of alcohol. ... [Read full article on Guardian ]
Thursday 31st of August 2017 12:39:28 AM
Total Trend count
121
Most trending on :
120 1
....50 per MW hour [subsidy that nuclear is receiving], show us how you are bringing the cost down. That is a colossal challenge. ... [Read full article on Guardian ]
Sunday 10th of September 2017 11:16:29 AM
Total Trend count
103
Most trending on :
103
.... Although it found that Britain remained in the top five most desirable EU countries (behind Germany and Sweden but ahead of Denmark and the Netherlands) in which to work, 49% of those questioned said they felt it was now less desirable than before the referendum in June last year. The findings will reinforce fears of a substantial brain drain and suggests that the loss of talent will hit important sectors such as IT particularly hard. ... [Read full article on Guardian ]
Saturday 26th of August 2017 11:05:49 PM
Total Trend count
89
Most trending on :
77 10 2
....The report estimates that the UK broadcast industry – which include the TV businesses of the likes of Sky and BT, ITV, Channel 4 as well as the BBC’s licence fee and commercial income – is worth up to to £15bn in revenues annually, including advertising revenues and pay-TV subscriptions. OC&C based the £1bn loss figure – equivalent to the TV industry’s annual profit from broadcasting activities – on an analysis of the proportion of revenue that middlemen, or aggregators, have taken from traditional players in other sectors. ... [Read full article on Guardian ]
Sunday 27th of August 2017 02:29:30 PM
Total Trend count
89
Most trending on :
83 5 1
....” He loves the way the app lets you keep tabs on what you’re spending your money on, and the fact that when any money is taken off the card you immediately get a push notification to your mobile phone. But in July Monzo reported losses of nearly £7m. ... [Read full article on Guardian ]
Saturday 9th of September 2017 06:00:00 AM
Total Trend count
67
Most trending on :
67
....There have been previous waves of technological advance since the first Industrial Revolution, when inefficient jobs have been replaced by machines or the number of people required to do work has been reduced. Such advances have not led to an overall loss of jobs, but have disrupted the type of work people do. ... [Read full article on Guardian ]
Sunday 3rd of September 2017 11:01:03 PM
Total Trend count
49
Most trending on :
49
....For many, the advice handed out by people like Hopkins is the first step towards confronting the financial chaos that has taken over their life, affecting their mental health and in some cases that of their children. The most common reason callers give for their dire straits is a change in circumstance, such as the loss of a job or reduced working hours – a common theme given the prevalence of zero-hours contracts – or illness. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 11:48:39 AM
Total Trend count
45
Most trending on :
45
....Dodds told the Guardian: “The problem we have is that we booked all parts of our holiday separately meaning a rescheduled flight two days later doesn’t work for us. If they cancel the flight, I will have to cancel the entire holiday, take a loss and go straight back to work so I don’t lose annual leave and just wait for compensation. ... [Read full article on Guardian ]
Sunday 17th of September 2017 03:58:51 PM
Total Trend count
39
Most trending on :
39
.... It is only prudent to remember that in the bailout negotiations the European Central Bank cut the ground from underneath Ireland when we were at our most vulnerable,” said Kinsella, pointing out that the International Monetary Fund had advocated against the ECB’s harsh stance. In 2010 and 2011 Ireland was forced into a €70bn bailout funded by the ECB, the IMF and the EU but the deal left taxpayers on the hook for private banking debt, leading to a tsunami of increased taxes, salary cuts, job losses, bust businesses and mass emigration. ... [Read full article on Guardian ]
Wednesday 30th of August 2017 11:41:31 AM
Total Trend count
38
Most trending on :
37 1
....Oil & Gas UK said this year’s contraction, which has continued despite the price of a barrel of oil costing a third more than a year before, was the result not just of cost-cutting, but nearly $6bn worth of mergers and acquisitions. Several major oil firms have sold stakes to smaller, independent players in the region this year in search of more profitable reserves elsewhere, raising fears over further job losses. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 05:01:22 AM
Total Trend count
34
Most trending on :
34
....Shu, a former investment banker who set up Deliveroo from his London flat in 2013, increased his salary to £124,999 and handed out close to £4. 5m in share bonuses to directors and hundreds of other head office staff, despite a 300%-plus widening in losses. ... [Read full article on Guardian ]
Thursday 21st of September 2017 05:21:52 PM
Total Trend count
33
Most trending on :
33
....There are also big savings to be made in areas including, commercial, finance, HR and especially printing with Desmond owning a huge operation in Luton. The loss-making magazine operation, which includes the profitable OK!, could be trimmed, with the ailing Star the most likely candidate. ... [Read full article on Guardian ]
Friday 8th of September 2017 07:32:26 AM
Total Trend count
29
Most trending on :
29
.... However, David Havens, an insurance analyst at Imperial Capital in New York, told Bloomberg News the final bill could reach as much as $100bn. This compares with economic damage of $176bn inflicted by hurricane Katrina in 2005, which included $82bn of insured losses, and the $75bn economic losses caused by Hurricane Sandy in 2012, of which $31bn was insured. ... [Read full article on Guardian ]
Tuesday 29th of August 2017 12:18:16 PM
Total Trend count
28
Most trending on :
22 6
Wednesday 30th of August 2017 07:00:23 AM
Total Trend count
27
Most trending on :
17 10
....Air Berlin has been forced to cancel about 100 flights after an “unusually high number” of pilots called in sick, in what is believed to be a wildcat strike against possible redundancies at the bankrupt airline. The carrier, which declared bankruptcy last month after years of losses, is negotiating the transfer of staff to a potential buyer. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 12:01:26 PM
Total Trend count
25
Most trending on :
25
....”. Luxembourg’s finance minister, Pierre Gramegna, who acknowledged there was an issue with online giants’ taxation, said a tax on turnover would hit loss-making companies which are otherwise exempted from paying. ... [Read full article on Guardian ]
Saturday 16th of September 2017 11:03:24 PM
Total Trend count
25
Most trending on :
25
....They include finance director Zafar Khan, who has been in post for only nine months but should waste no time feeling sorry for himself. When the numbers are as horrible as Carillion’s – a colossal £845m provision and net debt that had soared to £695m at the last count – any turnaround plan is bound to require a new bean-counter. ... [Read full article on Guardian ]
Monday 11th of September 2017 06:12:14 PM
Total Trend count
24
Most trending on :
23 1
.... You will have to seek compensation via your travel insurance. Airlines fight any attempt to pay “consequential” losses for things such as hotel bookings and car hire. ... [Read full article on Guardian ]
Monday 18th of September 2017 12:35:49 PM
Total Trend count
24
Most trending on :
24

Latest Finance News related to Loss

UK debt crisis and the onward march of neoliberalism | Letters image
Source : Guardian [Read Article] Thursday 21st of September 2017 06:39:04 PM
.... Significant austerity was unavoidable. Governments chose quantitative easing instead, which allowed the wealthy to get out of cash and into assets, retaining or regaining any loss caused by the crash. ...
Deliveroo boss Will Shu gives himself 22.5% rise amid battle over riders' pay image
Source : Guardian [Read Article] Thursday 21st of September 2017 05:21:52 PM
....Shu, a former investment banker who set up Deliveroo from his London flat in 2013, increased his salary to £124,999 and handed out close to £4. 5m in share bonuses to directors and hundreds of other head office staff, despite a 300%-plus widening in losses. ...
Bankrupt Lehman Brothers profits from Formula One sale image
Source : Guardian [Read Article] Thursday 21st of September 2017 04:31:10 PM
....3m which was less than the loan it provided to Kirch. However, this was only a loss on paper as Lehman made the smart decision to reinvest the money in F1 giving it a 15. ...
City's top official calls for quick Brexit deal to avoid exodus of jobs image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:37:42 AM
....Without a transition deal, McGuinness said there would an “unravelling” of the City – which others have described as eco-system of financiers, lawyers and fund managers. But, she said, EU financial centres would not be overall beneficiaries, with New York and Singapore more likely to benefit from London’s loss of business. ...
Co-op profits fall as it offloads final stake in bank image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:09:46 AM
....2m from £0. 6m a year before and the insurance business slid to an operating loss of £11m from a £4m loss. ...
B&Q owner Kingfisher won't let its European DIY firms do their own thing | Nils Pratley image
....If you find B&Q’s stores to be labyrinths for the unwary, stay away from the acronym-heavy financial statements of the parent company, Kingfisher. The group even has to provide a glossary, presumably for the benefit of readers whose concentration weakens at the umpteenth mention of the CPR , COGS and GNFR wonders being brought about by the ONE programme. ...
Mitie Group may cut 480 jobs as clean-up costs rise image
Source : Guardian [Read Article] Wednesday 20th of September 2017 04:22:00 PM
.... The company said this trend should continue. As part of its overhaul, Mitie has restated its accounts, said it would appoint a new auditor and sold a loss-making business. ...
Ryanair cancellations raise worries in Italy over Alitalia takeover image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:57:42 AM
....The Irish airline, which has experienced huge growth in Italy and controls 24. 3% of the market, compared with Alitalia’s 17%, made a non-binding offer for its lossmaking rival in July. ...
Tough calls: on the debt crisis frontline with charity StepChange image
Source : Guardian [Read Article] Wednesday 20th of September 2017 11:48:39 AM
....For many, the advice handed out by people like Hopkins is the first step towards confronting the financial chaos that has taken over their life, affecting their mental health and in some cases that of their children. The most common reason callers give for their dire straits is a change in circumstance, such as the loss of a job or reduced working hours – a common theme given the prevalence of zero-hours contracts – or illness. ...
Tata Steel to merge European operations with ThyssenKrupp image
Source : Guardian [Read Article] Wednesday 20th of September 2017 07:49:04 AM
....A major hurdle to the merger was removed last month, when Tata reached an agreement over its £15bn pension scheme. The tie-up is expected to result in about 4,000 job losses, split between the two companies and affecting both administrative and manufacturing roles. ...
Government backs tighter rules on takeover of UK companies image
Source : Guardian [Read Article] Tuesday 19th of September 2017 06:21:29 PM
....Unilever chief executive Paul Polman argued that defending companies needed more time to audit detailed cost-savings set out by their potential owners. The acquisition of Cambridge-based technology firm ARM by Japan’s SoftBank last year also highlighted concerns over the loss of important British technology assets to overseas buyers. ...
Lloyd’s of London firm moves European base to Dublin over Brexit image
Source : Guardian [Read Article] Tuesday 19th of September 2017 03:48:56 PM
....This week a Reuters survey found that about 10,000 finance jobs will be shifted out of Britain if the UK is denied access to Europe’s single market. The findings suggested that the first wave of job losses would be lower than previous predictions, which suggested that as many as 100,000 jobs would be lost as a result of Brexit. ...
What you need to know about car loans image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:45 PM
....Low wages growth and higher bills from council tax and heating costs have left millions of families with little choice but to borrow to buy essential appliances, furniture and a car. If drivers own their cars outright then an increase interest rates or the loss of their job will not prevent them keeping the car, which can be vital for finding another job. ...
Robots 'could take 4m UK private sector jobs within 10 years' image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:34:36 AM
....Asda operates a fully automated distribution warehouse in west London; white-collar tasks are being automated by PwC, the accountancy firm, and Linklaters, the law firm, which have been developing software robots that use artificial intelligence to learn to do research tasks usually undertaken by junior accountants and lawyers. The RSA warns that artificial intelligence and robotics will “undoubtedly cause the loss of some jobs, whether it is autonomous vehicles pushing taxi drivers out of business or picking and packing robots usurping warehouse workers”. ...
Ryanair to tell 400,000 passengers of cancelled flights after roster 'mess-up' image
.... But that will leave as many as 100,000 ticket holders seriously delayed, with possible weekend getaways wrecked. O’Leary said consequential losses, caused when travellers cancel hire cars or hotels, will not be covered by Ryanair. ...
Britain's debt time​bomb: FCA urges action over £200bn crisis image
Source : Guardian [Read Article] Monday 18th of September 2017 05:34:39 PM
....Bailey told the Guardian he had visited debt charities across the UK and that many people were facing difficulties with“frontline debt” such as council tax and utility bill arrears. He said organisations extending that kind of credit were often faster to recoup their losses, which can involve bailiffs, court orders and repossessions, than traditional lenders. ...
Fall in migration after Brexit could push up inflation, says Carney image
Source : Guardian [Read Article] Monday 18th of September 2017 03:36:20 PM
....Although the governor argued there would be no long run impact on jobs and wages from Brexit discouraging EU workers, his speech is likely to be seized upon by Brexiters arguing for tighter immigration controls. But he also diffuses another argument – that Britain would be able to offset any loss of trade ties with the EU by striking new agreements with other countries, as it will take time for businesses to adapt to any new rules. ...
Ryanair vows to publish details of all flights cancelled in next six weeks image
Source : Guardian [Read Article] Monday 18th of September 2017 02:23:23 PM
....Reports in the Irish media suggest Ryanair has begun offering pilots a €10,000 (£8,800) “signing-on bonus” to join. Shares in the airline fell by 3% in early trading, knocking more than £500m off its £18bn stock market valuation, although losses were pared back in later trading. ...
Why is Ryanair cancelling flights and what can you do? image
Source : Guardian [Read Article] Monday 18th of September 2017 12:35:49 PM
.... You will have to seek compensation via your travel insurance. Airlines fight any attempt to pay “consequential” losses for things such as hotel bookings and car hire. ...
Five reasons why global stock markets are surging | Nick Fletcher image
Source : Guardian [Read Article] Monday 18th of September 2017 11:10:43 AM
.... Meanwhile the Bank of England last week hinted it may increase rates in November, but while this gave an immediate boost to the pound, it only reverses the rise the Bank sanctioned in the immediate wake of the Brexit vote. The FTSE 100, which lost ground as the pound rose because so many of its constituents earn revenues in a foreign currency, is now recovering some of its losses. ...
Ryanair tries to appease passengers with list of flights cancelled until Thursday image
....Dodds told the Guardian: “The problem we have is that we booked all parts of our holiday separately meaning a rescheduled flight two days later doesn’t work for us. If they cancel the flight, I will have to cancel the entire holiday, take a loss and go straight back to work so I don’t lose annual leave and just wait for compensation. ...
Why you should invest your money both in Britain and overseas image
Source : Daily Express [Read Article] Sunday 17th of September 2017 01:55:00 PM
....The remaining 25 per cent could be divided among Asia-focused funds such as Stewart Investors Asia Pacific Leaders and Invesco Perpetual Asian, Japanese funds such as Schroder Tokyo and Baillie Gifford Japanese, and finally, funds such as M&G Global Emerging Markets and JPM Emerging Markets. “This way when one region underperforms, another may compensate by doing far better, offsetting any losses,” Connolly adds. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
.... Chappell, who bought BHS for £1 from Sir Philip Green in 2015, faces three charges of neglecting or refusing to provide information and documents without a reasonable excuse – a criminal offence which can result in a fine. A year after Chappell bought the chain, it collapsed with the loss of 11,000 jobs and a pension deficit of as much as £571m. ...
US retaliation feared as Brussels prepares to close Google’s tax loopholes image
Source : Guardian [Read Article] Saturday 16th of September 2017 11:03:24 PM
....”. Luxembourg’s finance minister, Pierre Gramegna, who acknowledged there was an issue with online giants’ taxation, said a tax on turnover would hit loss-making companies which are otherwise exempted from paying. ...
Our home has become a star attraction for films, TV shows and magazines image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
....”. While some homeowners warn that shoots can be very disruptive, there is the thrill of seeing their house featured in glossy magazines, TV ads or even movies – and perhaps meeting the odd celebrity. ...
Driver's legal victory is one in the ParkingEye for rogue private firms image
Source : Guardian [Read Article] Friday 15th of September 2017 01:55:25 PM
....But the company has since sent a cheque for £1,555 to Bowen – though spelling his Christian name as Nickalas on the cheque and accompanying letter – both dated 1 September. He shared his victory on Twitter, claiming ParkingEye “ran from the arguments and paid costs fearing a loss, they’re vulnerable” and urging other motorists it has threatened with legal action to “keep up the pressure”. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
.... The “crack cocaine of gambling” label has stuck to the machines because it is basically correct. Roulette, especially in sped-up electronic form, has a particular power to encourage some players to chase their losses. ...
Bell Pottinger unlikely to honour payments to co-founder Tim Bell image
Source : Guardian [Read Article] Wednesday 13th of September 2017 01:42:52 PM
.... About 30 former Bell Pottinger partners who were paid net of tax face huge tax liabilities. The administrators, BDO, which had unsuccessfully sought a buyer for the company in a fire sale, said Bell Pottinger had been “heavily financially impacted” by the loss of clients, partners and staff as the South Africa scandal poisoned the business. ...
Bell Pottinger goes into administration amid South Africa scandal image
Source : Guardian [Read Article] Tuesday 12th of September 2017 05:35:58 PM
. Bell Pottinger has been put into administration after the PR firm suffered an exodus of clients and increasing losses in the wake of the scandal over its campaign to stir up racial tensions in South Africa. ...
Air Berlin cancels 100 flights after pilots call in sick image
Source : Guardian [Read Article] Tuesday 12th of September 2017 12:01:26 PM
....Air Berlin has been forced to cancel about 100 flights after an “unusually high number” of pilots called in sick, in what is believed to be a wildcat strike against possible redundancies at the bankrupt airline. The carrier, which declared bankruptcy last month after years of losses, is negotiating the transfer of staff to a potential buyer. ...
Hinkley nuclear power is being priced out by renewables | Nils Pratley image
Source : Guardian [Read Article] Monday 11th of September 2017 06:12:14 PM
....They include finance director Zafar Khan, who has been in post for only nine months but should waste no time feeling sorry for himself. When the numbers are as horrible as Carillion’s – a colossal £845m provision and net debt that had soared to £695m at the last count – any turnaround plan is bound to require a new bean-counter. ...
Car insurance: Warranty pitfalls for occasional drivers image
Source : Daily Express [Read Article] Monday 11th of September 2017 11:58:00 AM
. Instead of getting his used car back on the road it is stuck in Topon’s garage as he ponders potential losses. ...
Recruitment agency Cordant morphs into social enterprise image
Source : Guardian [Read Article] Monday 11th of September 2017 05:00:04 AM
....But Cordant’s ambitions to cap its dividend and profits could be limited by its ability to produce them, according to accounts filed at Companies House. The Uxbridge-based company made a pre-tax loss of £9m last year, although it posted a profit of £3. ...
Economic cost of Hurricane Irma 'could reach $300bn' image
Source : Guardian [Read Article] Sunday 10th of September 2017 05:05:29 PM
.... Initial estimates suggest the final bill could be as much as $100bn. That compares with economic damage of $176bn inflicted by Hurricane Katrina in 2005, which included $82bn of insured losses, according to the Swiss Re Institute. ...
Noel Edmonds says litigation funder will bankroll his £300m battle with Lloyds image
....The sum sought by Edmonds is three times the £100m pot Lloyds has set aside for customers affected by the fraud. The £300m is to cover losses relating to the collapse of the celebrity’s entertainment firm Unique Group a decade ago, as well as the “distress” and “public humiliation” he has suffered. ...
UK windfarms cheaper than Hinkley Point, experts claim image
Source : Guardian [Read Article] Sunday 10th of September 2017 11:16:29 AM
....50 per MW hour [subsidy that nuclear is receiving], show us how you are bringing the cost down. That is a colossal challenge. ...
Politicians hand over power at their peril | David Kynaston image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:04:20 PM
.... Generally, the press and City response at the time was positive. Even so, argued the Economist, “the true case for independence is not that there is no democratic loss, but that the loss is more than matched by the economic gain. ...
Tax cuts for the rich don't help the rest. Don't take my word for it, ask the IMF | Greg Jericho image
....The IMF study, which modelled the impacts of tax cuts on a US-style economy, found that any income-tax cut – whether targeted at middle or high-income households – reduced tax revenue. The study’s authors noted that personal income-tax cuts stimulated growth but the supply-side effects, such as increased employment and wages, “are never large enough to offset the revenue loss from lower marginal tax rates”. ...
Two million UK families face £50-a-week cut in income image
Source : Guardian [Read Article] Saturday 9th of September 2017 08:30:17 PM
....The analysis, by the Policy in Practice consultancy, also undermines claims from ministers that moves to cut taxes and increase the wages of the poorest are compensating them for years of austerity and the rising cost of living. While some of the seven million low-income households in Britain will be better off by 2020, the group as a whole faces an average loss of £40. ...
The $1tn question: how far can the new iPhone 8 take Apple? image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
....The smartphone market is more competitive than ever, with sophisticated devices available for much less than the rumoured £900 cost of the iPhone 8. Most rivals are swallowing losses by cutting prices to win sales but Apple is heading upmarket to protect the iPhone, which is crucial to its success. ...
Monzo? It might just be the future of banking image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
....” He loves the way the app lets you keep tabs on what you’re spending your money on, and the fact that when any money is taken off the card you immediately get a push notification to your mobile phone. But in July Monzo reported losses of nearly £7m. ...
Don't dig deep for a pre-paid funeral plan image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
....”. When there is not enough money in a customer’s plan, some providers approach funeral directors and ask them to do the funeral cheaper, sometimes at a loss. ...
US gun makers battle 'Trump slump' as sales fall compared to 2016 image
Source : Guardian [Read Article] Friday 8th of September 2017 02:22:00 PM
....Debney did highlight some areas of potential growth, including the potential for “favorable changes in legislation” when it comes to gun silencers. The NRA is pushing to de-regulate silencers, which muffle or suppress the sound of gunshots, arguing that they should be more widely used by shooting sports enthusiasts to protect against hearing loss. ...
Shelling out: Britons go nuts for coconut water image
Source : Guardian [Read Article] Friday 8th of September 2017 01:56:10 PM
....Annual sales have broken the £100m mark for the first time – and are forecast to quadruple over the next five years. In sheer volume terms fizzy drinks such as Coke still reign supreme, but coconut water (which really is 95% water) has been boosted by its purported benefits – from hangover cure to weight loss aid – and British consumers are lapping it up. ...
UK exports outside EU fall despite weak pound image
Source : Guardian [Read Article] Friday 8th of September 2017 10:42:19 AM
....The Office for National Statistics added to the gloomy economic news with data showing that the manufacturing sector remained “subdued” in July and the construction industry suffered a large drop in new orders in the three months to the end of June, especially in the housebuilding sector. Manufacturers improved their output, though this only meant reducing the loss of production of 0. ...
Harvey spells it out: markets alone won't protect you | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 8th of September 2017 09:58:59 AM
....What America doesn’t have is a coherent view of government by those on the right, who, working with special interests that benefit from their extreme policies, continue to speak out of both sides of their mouth. Before a crisis, they resist regulations and oppose government investment and planning; afterwards, they demand – and receive – billions of dollars to compensate them for their losses, even those that could easily have been prevented. ...
Richard Desmond poised to sell Express and Star to Trinity Mirror image
Source : Guardian [Read Article] Friday 8th of September 2017 07:32:26 AM
....There are also big savings to be made in areas including, commercial, finance, HR and especially printing with Desmond owning a huge operation in Luton. The loss-making magazine operation, which includes the profitable OK!, could be trimmed, with the ailing Star the most likely candidate. ...
Transition deal keeping UK in EEA is worst of all worlds, says David Davis image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:31:43 PM
....Keir Starmer, the shadow Brexit secretary, dismissed Davis’s argument that the process was mainly technical. “Nothing could be further from the truth,” he said, calling it “a colossal task likely to involve a whole host of choices”. ...
Southern rail owner says service has improved despite ongoing strikes image
Source : Guardian [Read Article] Thursday 7th of September 2017 09:18:04 AM
....The West Midlands franchise was won by a group comprising Dutch transport company Abellio, East Japan Railway Company and Mitsui & Co, which pledged hundreds of carriages and free wifi. Go-Ahead said profits in the current financial year would be hit by slowing passenger revenues, the loss of the West Midlands franchise and recent London bus contract losses. ...
Pukka tea firm vows to stay ethical as PG Tips owner takes it over image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:15:55 AM
.... It uses up to 160 herbs grown by a few thousand mostly small-scale farmers in 30 countries. Last year Pukka made a pre-tax loss of £24,000, down from a £233,000 loss the year before. ...
North Sea oil and gas sector losing thousands of jobs, survey shows image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:01:22 AM
....Oil & Gas UK said this year’s contraction, which has continued despite the price of a barrel of oil costing a third more than a year before, was the result not just of cost-cutting, but nearly $6bn worth of mergers and acquisitions. Several major oil firms have sold stakes to smaller, independent players in the region this year in search of more profitable reserves elsewhere, raising fears over further job losses. ...
Seoul pleads with Vladimir Putin to help tame North Korea image
Source : Guardian [Read Article] Wednesday 6th of September 2017 01:38:42 AM
....The South Korean benchmark index – the Kospi – was 0. 35% lower on Wednesday in the fifth successive day of losses. ...
UK service sector growth slows as car sales fall dramatically image
Source : Guardian [Read Article] Tuesday 5th of September 2017 02:36:00 PM
.... The car industry body said the 76,000 sales still represented the third biggest August in 10 years. Howard Archer, chief economic advisor to the EY Item Club, said car industry sales were declining from all time highs, but nevertheless August’s figures represented the fifth month of falling sales and pointed to “a clear loss of momentum in the sector”. ...
Sports Direct fails to meet 2016 pledge on working conditions image
Source : Guardian [Read Article] Tuesday 5th of September 2017 10:21:04 AM
....In an update to investors, Tuso said there had been 11 accidents at the Sports Direct Shirebrook warehouse since 7 September last year, according to a freedom of information request made to Bolsover district council. These included numerous back and head injuries and three “major” injuries, including a fractured hand, damage to and potential loss of sight in one eye and a head injury, which led to a loss of consciousness. ...
888 slips into loss after record fine for failing vulnerable gamblers image
Source : Guardian [Read Article] Tuesday 5th of September 2017 08:49:24 AM
....3m) of provisions relating to a record fine for failing to protect vulnerable customers and a potential tax bill in Germany. The company swung to a pre-tax loss of $17. ...
Progressives take note: Brexit means Brexit, so let’s create a vision for it | Ivan Lewis image
.... As Andy Burnham has argued, it would be a fundamental misreading of the referendum result to believe people voted to take back control from Brussels simply to give it all to Westminster. It is essential that progressives move beyond our grief at the loss of our EU membership and stop displaying contempt for the millions of voters who feel alienated from a political system that has failed them for decades. ...
After BA’s IT meltdown our claim has finally taken off image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:00:34 AM
.... The airline refunded our flight costs and paid the €750 EU-mandated compensation, but we were still £800 out of pocket. You were kind enough to publish my letter about this – BA told you (as it had us) that it was not liable for our consequential loss. ...
Robots and AI can bring down pension age, says TUC image
Source : Guardian [Read Article] Sunday 3rd of September 2017 11:01:03 PM
....There have been previous waves of technological advance since the first Industrial Revolution, when inefficient jobs have been replaced by machines or the number of people required to do work has been reduced. Such advances have not led to an overall loss of jobs, but have disrupted the type of work people do. ...
Rising car insurance – The five minute guide image
Source : Daily Express [Read Article] Sunday 3rd of September 2017 02:34:00 PM
....The Government has also increased the “Ogden” rate used to calculate compensation payouts for car crash injuries. Michael Lloyd, the AA’s insurance director, says compensation payouts can run to millions for serious injuries: “Many insurers found themselves facing financial losses and so increased their car insurance premiums sharply. ...
Sports Direct workers invited to press sad or happy emoji clocking in image
Source : Guardian [Read Article] Friday 1st of September 2017 03:33:38 PM
....“Would you risk having hours withheld, possibly losing your job and being called in by management because you indicated dissatisfaction with your work environment?”. Turner described the survey as “a bogus exercise to gloss over past failures and some of the problems” which he said still persisted at the warehouse. ...
Indivior sees £1bn fall in value as it loses heroin treatment patent case image
Source : Guardian [Read Article] Friday 1st of September 2017 09:20:42 AM
....”. The company said it was not possible to quantify precisely what effect the launch of a generic competitor would have on its revenues but admitted such a move “could potentially result in a rapid and material loss of market share for Suboxone Film in the US”. ...
Pension warning: Retirees are making this BIG mistake with income drawdown policies image
....The difference in investment strategies between those still saving for retirement should be very different, but income drawdown customers are largely sticking to the same methods, according to the provider. Retired savers are consequently exposing themselves to risk, which could hit savings without enough time to recoup losses/ . ...
Apple joins consortium in revised £14bn bid for Toshiba's chip business image
Source : Guardian [Read Article] Thursday 31st of August 2017 12:02:06 PM
....Alternatively, a combined Toshiba and Western Digital business could be almost as large as Samsung’s memory unit, giving it more negotiating leverage against Apple. Toshiba has been scrambling to sell its flash memory unit to cover billions of dollars in losses at its bankrupt US nuclear business, Westinghouse. ...
Lloyd's of London alleges 'irregularities' in Kanye West's $10m insurance claim image
....The counterclaim was filed in federal court in Los Angeles on Tuesday and said West’s Very Good Touring Inc had failed to cooperate in the insurance company’s investigation into the claim for cancelled concerts, according to the court documents. Lloyd’s said that its policies excluded any losses caused directly or indirectly by the possession or use of illegal drugs, the impact of prescription drugs not used as prescribed, or the use of alcohol. ...
Ireland should consider 'Irexit' to avoid Brexit damage, says academic image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:41:31 AM
.... It is only prudent to remember that in the bailout negotiations the European Central Bank cut the ground from underneath Ireland when we were at our most vulnerable,” said Kinsella, pointing out that the International Monetary Fund had advocated against the ECB’s harsh stance. In 2010 and 2011 Ireland was forced into a €70bn bailout funded by the ECB, the IMF and the EU but the deal left taxpayers on the hook for private banking debt, leading to a tsunami of increased taxes, salary cuts, job losses, bust businesses and mass emigration. ...
Mitie investigated by FCA over results and profit warning image
Source : Guardian [Read Article] Tuesday 29th of August 2017 05:56:07 PM
....Mitie is in the midst of a turnaround drive under new chief executive Phil Bentley, who took over in December. It has since restated its historic accounts, announced it would appoint a new auditor and sold a loss-making unit. ...
​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson image
....There would of course be no tears for the estate agents and buy-to-let merchants wiped out by a property crash. But the collateral losses would be unbearable. ...
Should companies be forced to put workers on boards? | Frances O’Grady and Sam Bowman image
.... It also meant that the board could not properly oversee the CEO’s actions – “it just killed the board as a place of proper discussion”, said one former supervisory board member. The evidence suggests that these rules have made German firms 27% less valuable to their shareholders, which in Britain would represent a loss to pension funds and other shareholders of hundreds of billions of pounds. ...
Total Harvey cost could be as high as $100bn, says insurance expert image
Source : Guardian [Read Article] Tuesday 29th of August 2017 12:18:16 PM
.... However, David Havens, an insurance analyst at Imperial Capital in New York, told Bloomberg News the final bill could reach as much as $100bn. This compares with economic damage of $176bn inflicted by hurricane Katrina in 2005, which included $82bn of insured losses, and the $75bn economic losses caused by Hurricane Sandy in 2012, of which $31bn was insured. ...
US gas prices expected to rise as Harvey forces Gulf coast refineries to close image
.... As a precaution before the storm, offshore US Gulf operators closed 378,633 barrels a day of production, or 21% of total crude-oil output and 26% of natural gas production, said according to a US Bureau of Safety and Environmental Enforcement survey Sunday. “Historically, onshore production has rebounded faster than offshore production and this would be consistent with producer commentary that loss of production is due to preventive shut-ins for now,” Goldman Sachs said. ...
UK TV industry risks losing £1bn a year to Amazon, YouTube and Facebook image
....The report estimates that the UK broadcast industry – which include the TV businesses of the likes of Sky and BT, ITV, Channel 4 as well as the BBC’s licence fee and commercial income – is worth up to to £15bn in revenues annually, including advertising revenues and pay-TV subscriptions. OC&C based the £1bn loss figure – equivalent to the TV industry’s annual profit from broadcasting activities – on an analysis of the proportion of revenue that middlemen, or aggregators, have taken from traditional players in other sectors. ...
​AstraZeneca to make multimillion-pound investment in UK site image
Source : Guardian [Read Article] Sunday 27th of August 2017 01:31:50 PM
....GlaxoSmithKline, Britain’s biggest drugmaker, recently said it would scale back its presence in Britain, the first major move by the company’s new chief executive, Emma Walmsle. The firm said 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. ...
Cyber crime reaching epidemic proportions as fraud becomes most common crime in UK image
.... . Tom Selby, senior analyst at broker AJ Bell, says pension scammers have caused untold financial and emotional harm to thousands, many of them elderly and vulnerable, with little chance of recovering their losses. ...
Millions of Brits sitting on forgotten pension pots worth £800bn image
Source : Daily Express [Read Article] Sunday 27th of August 2017 12:01:00 AM
....” . Woodford, who is responsible for the savings of tens of thousands of Britons, is the worst performing fund manager in his peer group, the only one to make a loss so far this year, according to data provider CityWire. ...

Page rendered in 3.9950 seconds.