Topic filter : Loss

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.... 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. ... [Read full article on Guardian ]
Thursday 27th of July 2017 05:01:06 PM
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.... 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. ... [Read full article on Guardian ]
Thursday 27th of July 2017 07:36:16 AM
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....Worthing, Reading, Swindon and Slough were predicted to incur a 2. 8% loss in the event of hard Brexit, followed by Edinburgh (-2. ... [Read full article on Guardian ]
Thursday 27th of July 2017 02:58:25 PM
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....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. ... [Read full article on Guardian ]
Thursday 27th of July 2017 10:42:41 AM
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....8tn. This is an annual figure; it implies a loss of $18tn over the course of the decade. ... [Read full article on Guardian ]
Thursday 27th of July 2017 10:00:46 AM
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.... 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. ... [Read full article on Guardian ]
Thursday 27th of July 2017 06:00:42 AM
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.... 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. ... [Read full article on Guardian ]
Thursday 27th of July 2017 05:16:36 PM
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Latest Finance News related to Loss

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. ...
Toddlers dragging suitcases – this is passengers’ Ryanair revenge | Anne Perkins image
.... Maybe, if you are the kind of club class traveller that’s dropped at the airport entrance by a chauffeured limo and swept off to a private lounge, it’s a joy. For the rest of us, it can only be full of existential fears about personal loss and worrying whether the dog will be happy with the neighbours (and vice versa). ...
Guardian Media Group cuts losses by more than a third image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:00 AM
. The parent company of the Guardian and Observer cut its losses by more than a third to £45m in the last financial year and more than quadrupled its number of paying members, as it seeks to break even within two years. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
....Most organisations were up and running again within days and hours. But the full scale of the attack’s impact and resulting losses to some big businesses are only now starting to emerge. ...
The IMF is right to downgrade its forecast for the UK | Larry Elliott and Nils Pratley image
....So much for the idea that easyJet and Ryanair, after a tricky 2016, were about to enjoy sunny trading conditions this year. That theory has been running for months, which is why the loss of altitude in share prices since last Thursday has been severe. ...
Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
....”. Brazier’s said there were “classic signs” of lenders thinking the risks were lower following a prolonged period of good economic performance and low losses on loans. ...
Should frustrated savers gamble on the stock market or play it safe? image
Source : Guardian [Read Article] Monday 24th of July 2017 06:00:28 AM
.... “Spreading your savings across a mix of cash, shares and other assets should help to control risk. Holding 10% gold, for instance, in a mix otherwise split 60:40 between the FTSE share index and government bonds, would have halved your losses in 2008, the worst year of the past four decades,” he says. ...
Brexit economy: sterling fall hits public finances and fails to boost trade image
....The sharp fall in sterling triggered by the EU referendum result is having an adverse effect on Britain’s already weak public finances but has yet to bring about the expected improvement in the trade deficit, a Guardian analysis of the economic news of the past month shows. In a period in which business confidence took a hit from the government’s loss of its overall majority in the general election, the Guardian’s monthly tracker found little evidence that the impact of a more competitive currency was offsetting a slowdown in consumer spending caused by dearer imports. ...
ATOL and ABTA: Financial protection for your summer holiday image
Source : Daily Express [Read Article] Sunday 23rd of July 2017 02:44:00 PM
....co. uk, says if you are one of the growing number of travellers who go it alone it makes sense to pay by credit card: "If you spend between £100 and £30,000 your card issuer is equally liable for any losses under Section 75 of the Consumer Credit Act. ...
Burgers and birdwatching? UK retail fights to make shopping a big day out image
....In the US, retail jobs are disappearing in their thousands as main street veterans like Macy’s and Sears embark on major store closures. But the same is expected to be true here with the British Retail Consortium predicting up to 900,000 job losses and thousands of store closures over the next decade as retailers cut their cloth for leaner times. ...
Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
.... This week the firm reported profits had plunged 40% in the second quarter on its bond, currency and commodities trading desks. All the other big names in the US investment banking world saw bond trading profits dive in the three months to the end of June, save for age-old Goldman rival Morgan Stanley, which restricted the loss to 4%. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....2bn (£4. 7bn) of losses in 2012. ...
UK court blocks £14bn class action case against MasterCard image
Source : Guardian [Read Article] Friday 21st of July 2017 10:39:18 PM
....London-based Walter Merricks, a lawyer who once led the Financial Ombudsman Service group that handles consumer disputes with banks and who is the representative named on the proposed action, said he was considering an appeal with his advisers. “The new collective action regime was introduced by the Consumer Rights Act to overcome the difficulty for consumers seeking to recover losses from competition law infringements,” he said. ...
Banks and companies plan expansion in Frankfurt after Brexit image
Source : Guardian [Read Article] Friday 21st of July 2017 05:53:07 PM
....Frankfurt, home to the European Central Bank and the German Bundesbank, already hosts the biggest European operations of US investment banks outside London. Researchers at the Bruegel thinktank have forecast that Frankfurt will take the biggest share of London’s post-Brexit business in a report that predicted the loss of 30,000 jobs in the City. ...
We can only address pay imbalances if we can see them | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:43:44 PM
.... Add it all up and Drax’s “retooling for a post-coal future” strategy starts to look more than just a slogan. The half-year numbers were wrecked by currency hedges, which are an inevitable part of life when you’re importing pellets (there was a big loss this time, but a bigger gain a year ago). ...
British Airways cabin crew extend strike into August holiday peak image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:25:45 PM
....The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. A potential deal was rebuffed because of sanctions against crew who had been involved in strikes, including the loss of bonuses and travel perks. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
....But carbon capture in the UK never took off, and the EU’s large combustion plant directive, designed to tackle air pollutants, killed off several ageing plants between 2012 and 2015. Then in 2015 came the ratcheting up of the UK’s carbon tax, which overnight made profitable plants loss-making and led to the three plants shutting last year, including Scotland’s last coal power station, Longannet. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
.... It may also sell its antibiotics business at Ulverston, which produces brands such as Zinnat, Zinacef and Fortum. The moves, which also include outsourcing some of the pharmaceutical manufacturing from GSK’s Worthing site in West Sussex and selling its MaxiNutrition brand, will lead to the loss of about 320 UK. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
. The operator of the UK’s largest power station has seen its share price slide after it posted a pre-tax loss of £83m in the first half of the year despite increasing earnings by 73%. ...
End of the 'rip-off': all charges for paying by card to be banned image
Source : Guardian [Read Article] Tuesday 18th of July 2017 11:01:04 PM
....The government said the move, which builds on an EU directive, would mean “shoppers across the country have that bit of extra cash to spend on the things that matter to them”. However, some commentators said they expected that many companies would simply hike their prices to compensate for the loss of this money, or change the name of the fee. ...
Peer-to-peer lender Ratesetter hit by £80m of struggling loans image
Source : Guardian [Read Article] Tuesday 18th of July 2017 07:37:39 PM
....The peer-to-peer lender Ratesetter has been hit by £80m of struggling loans in the first major setback for the nascent online lending sector. The company said it would use its own funds to prevent losses being taken by its 50,000 users, who are mostly small investors using the website in order to lend their savings to other individuals and benefit from higher interest rates than are available at high street banks. ...
Jane Austen banknote unveiled – with strange choice of quotation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:40:23 PM
.... It is expected to last at least two-and-a-half times longer than paper £10 notes – about five years in total. The new tactile feature is a series of raised dots in the top left-hand corner, developed in conjunction with the RNIB, the charity that supports people with sight loss. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....Anne Baxendale of housing charity Shelter said: “While prices may be slowing in London, the idea of owning a home of your own is still just a fantasy for most people. “The government needs to change the rules of the game by introducing a fresh, new way of building homes that brings down the colossal cost of land and gives more powers to communities to deliver the genuinely affordable, high-quality homes that ordinary families are crying out for. ...
Netflix tops 100m subscribers as it draws worldwide audience image
Source : Guardian [Read Article] Tuesday 18th of July 2017 09:49:29 AM
.... Recently, Netflix has culled a slew of underperforming shows to better balance viewer interest with climbing programme costs. Ampere says the least cost-effective shows are led by the $9m-per-episode Marco Polo, which was cancelled after two seasons and reportedly resulted in a $200m loss. ...
Standards body unveils plan to crack down on sexist advertisements image
Source : Guardian [Read Article] Monday 17th of July 2017 11:01:04 PM
....The crackdown by the Advertising Standards Authority (ASA) will toughen rules on ads that are deemed to present activities as only appropriate for one gender or another, or that mock those who do not conform to stereotypical gender roles. It will also toughen rules on ads that “body shame” young women after an outcry over Protein World’s controversial “Beach body ready” campaign, which was not banned despite a petition with 70,000 signatures claiming that its depiction of a bikini-clad model in an ad for a weight-loss product was socially irresponsible. ...
Cost of UK car insurance leaps 11% to record high image
Source : Guardian [Read Article] Monday 17th of July 2017 11:01:03 PM
....The ABI said car insurance premiums would climb further next January when most reinsurance renewals take place. The new discount rate will add to the costs insurance companies pay to offset their own losses, which the industry group said would inevitably feed through to the premiums insurers have to charge customers. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....Grabiner, a barrister, insisted to MPs that he had been a “responsible” chairman, despite not being invited to a key board meeting that discussed the sale of BHS to a group led by Dominic Chappell, a former bankrupt, for £1. About a year later the department store group collapsed with the loss of 11,000 jobs and leaving a multimillion pound pension deficit. ...
Lloyd's says cyber-attack could cost $120bn, same as Hurricane Katrina image
....Published two months after a ransomware cyber-attack that hobbled NHS hospitals and hit nearly 100 countries, a 56-page report from the world’s oldest insurance market says the threat posed by such global attacks has spiralled and poses a huge risk to business and governments over the next decade. The most likely scenario is a malicious hack that takes down a cloud service provider with estimated losses of $53bn, according to Lloyd’s. ...
Workers’ rights need more protection in the gig economy | Letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:37:34 PM
.... The House’s job now is to ensure that undertaking is honoured in any subsequent legislation. If gig companies are required by law always to abide by the minimum wage, even if that means a loss in flexibility, they will need to regulate the supply of labour or pay from their profits the minimum wage when there is not the level of demand to pay all workers at that rate. ...
How can the Southern rail fiasco be solved? Look to John Lewis | David Boyle image
....For example, train companies are charged by Network Rail using a formula depending on the number of carriages and the time of day. Is the reason so many trains are now short and packed to suffocation because Govia’s shadowy owner Go Ahead is desperately trying to claw back losses on the disastrous franchise? And why do cancelled services no longer appear on departure boards?. ...
Zero-hours workers won’t be reassured by the Taylor review – I’ve been one | Poppy Noor image
....This is the type of one-sided flexibility that Matthew Taylor points to in his review on the gig economy. As a zero-hours contract worker, you quickly realise how a business can adeptly organise and reorganise so that any loss of money will fall on those paid the least. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
....9% in 2016 – the second fastest rate in Britain. Tipped by industry experts as “the UK’s top-performing investment location” after the London market overheated, glossy brochures promise minimum yields of 6% and a 54% return on investment after just five years. ...
Rupert Murdoch will not offer new Sky deal to culture secretary image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:18:55 PM
....Bradley rejected that proposal, which is termed a behavioural remedy. Ofcom also went a step further saying that it would most likely reject a full spin-off of Sky News – a complete structural separation – arguing that the loss-making business may become weaker over time therefore reducing media plurality. ...
Cut-price school uniforms, plus do you know who owns your leasehold? image
Source : Guardian [Read Article] Thursday 13th of July 2017 02:24:48 PM
....FCA warns it may intervene as millions take pension cash early. Thousands of drivers suffer loss of power following VW emissions ‘fix’. ...
Heathrow night flights to continue until third runway is built image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:54:07 PM
.... The transport select committee will also need to restart its inquiry into the policy, which is unlikely to begin until after the parliamentary summer and conference recesses. Theresa May’s loss of her majority is unlikely to significantly affect the chances of the vote passing through the House of Commons. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... At least, that was the theory. Just three Carillion PPP contracts – thought to be the Midland Metropolitan hospital in Smethwick, Merseyside’s Royal Liverpool hospital and an Aberdeen road project – are behind the bulk of the £375m losses that relate to the UK. ...
Losing business as Vodafone cuts off a company phone line image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
.... “We should have resolved this quickly and we will address the matter with the advisers involved,” said a spokesperson. It has offered you £1,500 as compensation, which you have accepted reluctantly as you reckon your losses are nearer £4,000. ...
Thousands of drivers suffer loss of power following VW emissions 'fix' image
Source : Guardian [Read Article] Wednesday 12th of July 2017 03:02:18 PM
....Harcus Sinclair says its survey found that 53%, or 2,706 drivers, had reported reduced fuel efficiency following the “fix”. More than 40% suffered reduced power and acceleration, while 739 reported a sudden loss of power as the car went into “limp home” mode. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....The FHFA penalty relates to the way that $32bn of mortgages were packaged up and sold as residential mortgage-backed securities (RMBS) between 2005 and 2007, when RBS was the largest non-US bank engaged in this practice. The bonds were sold to US housing agencies Fannie Mae and Freddie Mac – the linchpin of the housing market as they buy mortgages from lenders to allow them to grant more home loans – before the market collapsed during the financial crisis, leaving the buyers nursing heavy losses. ...
Store Twenty One goes into liquidation with loss of 900 jobs image
Source : Guardian [Read Article] Tuesday 11th of July 2017 03:29:06 PM
. Struggling fashion chain Store Twenty One is being liquidated with the loss of 900 retail jobs. ...
Gig economy workers on their jobs: 'They do exercise control over us' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:57:45 AM
.... You are subject to their whim,” he says. As a self-employed driver for UK Express, the driver’s weekly earnings varied widely – from a loss of £200 to a profit of £1,200 in his best ever week. ...
Pearson sells slice of Penguin for $1bn image
Source : Guardian [Read Article] Tuesday 11th of July 2017 08:07:44 AM
.... PRH is responsible for one in four books sold and the sale of 800m paper, digital and audiobooks every year. Pearson, which reported the largest loss in its history in February, has sold the stake to strengthen its balance sheet and invest in its move to become a digital educational publisher. ...
Why a population of, say, 15 million makes sense for Australia image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:54:13 AM
.... Based on the work of the US economist Herman Daly in the 1970s and 80s, GPI takes into account different measures of human wellbeing, grouped into economic, environmental and social categories. Examples on the negative side of the ledger include income inequality, CO2 emissions, water pollution, loss of biodiversity and the misery of car accidents. ...
It’s a testing time for BA passengers who lost out in IT chaos image
Source : Guardian [Read Article] Monday 10th of July 2017 06:00:06 AM
....From the start of this crisis BA has been very clear that it would refund flights not used and pay EU compensation as required by the rules governing delays and cancellations. It will not, it has told Guardian Money, pay any consequential losses. ...
Gig economy: now is the time to ease the burden for workers image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:00:16 AM
Electric car revolution: calculating the cost of green motoring image
Source : Guardian [Read Article] Saturday 8th of July 2017 08:00:03 AM
.... It will take a long time to hit, but there does need to be a plan in place,” said Colin Mckerracher, the author of the Bloomberg report, who does not believe the cars will put a big hole in UK fuel duty take until after 2030. When a certain number of electric cars are being sold, he thinks the government will need new mechanisms to recoup the loss – such as micropayments for drivers to use bridges and tunnels, or more upfront registration fees. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
....The Resolution Foundation said public sector pay was only a small part of austerity, and that removing the 1% cap would amount merely to tinkering. Its analysis found that the public sector was facing two “crunches”, a squeeze on pay that would bring it back to 2005 levels by 2020 and a loss of jobs that would result in a headcount below five million for the first time this century. ...
Will cheap car loans steer Britain to a financial crash? image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... The latest accounts showed that the company’s impairments and arrears – where customers are not keeping up with payments – had doubled, with almost one in five falling behind. The accounts also revealed a loss of £17. ...
Community groups call time on the demise of the British pub image
Source : Guardian [Read Article] Friday 7th of July 2017 04:19:25 PM
. When the only pub in the Cumbrian village of Crosby Ravensworth closed its doors in 2009, residents decided they were not prepared to simply sit back and accept the loss of a vital community hub. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....Paris already has its eye on tens of thousands of bankers who could move away from London, if the UK’s divorce from the EU proves to be the catalyst for an exodus. Among the factors that could affect this is the potential loss of Britain’s “passporting rights” allowing international financial firms access to markets in the EU. ...
Reckitt Benckiser warns of permanent sales hit from cyber attack image
. Household products giant Reckitt Benckiser has said last month's malware cyber attack could lead to a permanent loss of revenue. ...
Massive cyber-attack could cost Nurofen and Durex maker £100m image
Source : Guardian [Read Article] Thursday 6th of July 2017 07:38:33 AM
.... No longer is it limited to data and privacy compromise with expenses incurred to remediate the breach. Now we’re seeing disruption to supply chains and production, material loss of income, and physical damage becoming more of a reality. ...
What impact is Brexit having on foreign property prices? image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 04:49:00 PM
....In the immediate aftermath of the vote, the pound nosedived due to the uncertainty over how Brexit would impact the UK economy. While the pound may start recouping some of those losses once the shape of the UK’s future relationship with the EU becomes clearer, as it stands your pounds are worth much less than they were pre-Brexit. ...
Vauxhall takeover by PSA given go-ahead image
Source : BBC [Read Article] Wednesday 5th of July 2017 03:53:20 PM
.... . In 2016 it lost $257m (£206m), making it the 16th consecutive loss-making year for GM in Europe, bringing its cumulated losses on the continent since 2000 to more than $15bn. ...
Worldpay buyout by Vantiv reignites debate over foreign takeovers image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:04:35 PM
....“The boards of Worldpay and Vantiv have identified substantial opportunities for cost synergies, which support significant potential shareholder value creation,” Worldpay said. It was unclear on Wednesday whether a deal would result in job losses at the combined group, or how it might affect Worldpay’s various British offices. ...
Russia's future looks bleak without economic and political reform | Kenneth Rogoff image
.... Many firms went bankrupt, and in 2016 the International Monetary Fund estimated that almost 10% of all bank loans were non-performing (a figure that surely understates the severity of the situation). In many cases, banks chose to re-lend funds rather than take losses on to their books or force politically connected firms into bankruptcy. ...
Brexit fears trigger exodus of crucial EU health and social care workforce | Hélène Mulholland image
.... And anecdotal evidence suggests that the decline in immigration from public sector workers from the other 27 EU countries is due to uncertainty about the future, combined with a fall in the value of the pound since last June. The loss is already keenly felt by public services blighted by staff shortages and increasingly reliant on EU migrant labour to fill vacancies: in the last three years alone, the number of EU nationals working in the UK’s social care system soared by more than 40%, in response to a parliamentary question earlier this year. ...
FTSE 100 lower despite Worldpay share surge image
Source : BBC [Read Article] Tuesday 4th of July 2017 03:55:15 PM
....4m pre-tax profit for 12 months to 30 April, compared with a £29. 4m loss in the previous year. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
....Car finance, the fastest growing part of the consumer finance sector, is being driven by personal contract purchase deals which now make up 80% of the market. The Bank said a fall in car prices could lead to a surplus of vehicles coming on to the market which could mean losses for lendersand asked lenders to analyse the impact on capital from each incremental 10% fall in car prices. ...
We have fixed issues that caused financial crisis, says Mark Carney image
....”. The financial crisis of 2007 began in the US mortgage market but rapidly went global as it emerged that banks and unregulated shadow banks were massively exposed in the market for derivatives and did not have enough capital when losses started to mount. ...
One in seven UK private tenants pays more than half income in rent – study image
....8% of tenants had managed to negotiate a rent reduction last month. It also forecasts that rents will rise by £103 to compensate for the loss of letting fees, although the evidence from Scotland, where a ban was put in place several years ago, is mixed. ...
The Crusader: Mystery debits add to EXECUTOR's burden image
Source : Daily Express [Read Article] Monday 3rd of July 2017 12:01:00 AM
.... . “We are very sympathetic to Mrs Greenall for any unintentional distress caused whilst trying to resolve the matter and offer our condolences for her loss. ...
Bureaucratic block image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:13:32 PM
Nisa denies staff annual bonuses despite hitting performance targets image
.... For the staff, in this low-wage area of the country, the prized annual bonus can be several thousand pounds, with many using the payment to fund their summer holiday. Staff complain of feeling “betrayed” and demotivated at the loss of the bonus, which is paid at the discretion of the board. ...
Co-op energy chief predicts more small suppliers could go bust image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:25:25 AM
....The Co-op lost customers due to pricing over the winter, falling from 424,000 in 2016 to 410,000 now. The company also made a slight loss on £281m revenue last year, for the first time since it started up in 2010, as a result of investment in customer service to tackle earlier failings. ...
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Source : Daily Express [Read Article] Sunday 2nd of July 2017 11:11:00 AM
.... . Plus you have have also lost all growth on that £525 initial charge, which lifts the real loss to £1,684. ...

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