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....Coca-Cola suspended night-time processing last week at the plant when machines became clogged. The soft drinks giant said it impounded all the affected cans and that the contamination did not affect any products that were on sale. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 12:32:09 PM
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....Schroders fund manager Nick Kirrage told the BBC that Tesco was paying a "premium" and he had "major concerns" about the deal. On the currency markets, the pound was down 0. ... [Read full article on BBC ]
Tuesday 28th of March 2017 08:21:08 AM
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. Roads in England and Wales are in need of billions of pounds' worth of repairs, a survey warns. ... [Read full article on BBC ]
Tuesday 28th of March 2017 07:52:24 AM
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...."There is a limit to the amount of increased cost retailers can absorb," a BRC spokeswoman says. Shops are already dealing with business rates, the National Living Wage and higher import costs due to the weaker pound. ... [Read full article on BBC ]
Tuesday 28th of March 2017 11:01:52 PM
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....“This is a huge issue. This is hundreds and hundreds of pounds for thousands of workers, where Best Connection, the other agency, has honoured the agreement and paid in full. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 10:15:04 AM
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Latest Finance News related to Pound

EU negotiations image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
The new 12-sided £1 coin launches – but you may not be able to use it image
.... There are currently nearly 29bn coins – of all denominations – in circulation in the UK, with a face value of more than £4bn. An estimated one in 30 of the original round pound coins are fake, so the new £1 has a deliberately complex shape to make it harder to manufacture and counterfeit. ...
Coca-Cola calls in police after human waste is found in cans image
Source : Guardian [Read Article] Tuesday 28th of March 2017 12:32:09 PM
....Coca-Cola suspended night-time processing last week at the plant when machines became clogged. The soft drinks giant said it impounded all the affected cans and that the contamination did not affect any products that were on sale. ...
Sports Direct workers paid less than minimum wage yet to get back pay image
Source : Guardian [Read Article] Tuesday 28th of March 2017 10:15:04 AM
....“This is a huge issue. This is hundreds and hundreds of pounds for thousands of workers, where Best Connection, the other agency, has honoured the agreement and paid in full. ...
Plumbing firm Wolseley leads FTSE higher image
Source : BBC [Read Article] Tuesday 28th of March 2017 08:21:08 AM
....Schroders fund manager Nick Kirrage told the BBC that Tesco was paying a "premium" and he had "major concerns" about the deal. On the currency markets, the pound was down 0. ...
Survey reveals pothole problem image
Source : BBC [Read Article] Tuesday 28th of March 2017 07:52:24 AM
. Roads in England and Wales are in need of billions of pounds' worth of repairs, a survey warns. ...
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New £1 coin: The 12-sided one pound comes in to circulation and becomes legal tender image
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Related to :
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
. The Serious Fraud Office and Tesco are within days of announcing a settlement that could mean Britain’s biggest supermarket chain will pay a multimillion-pound fine over an accounting scandal. ...
May's 'global Britain' gets boost as Qatar looks at £5bn investment image
Source : Guardian [Read Article] Monday 27th of March 2017 05:10:53 PM
....On Monday, two days before the planned triggering of article 50, Qatari investors at a London conference suggested they were unperturbed by the prospect of Britain’s departure from the EU and were looking for further opportunities to build on already significant investments in the UK that include the Olympic Village in east London, the Shard building, Harrods department store and a stake in Sainsbury’s. The pound’s weakness since last June’s referendum has made UK assets, such as property and stocks, more attractive to foreign investors. ...
UK banks given new stress test scenarios image
Source : BBC [Read Article] Monday 27th of March 2017 11:43:00 AM
New 12-sided £1 coin hits shops tomorrow edging out old round pound after 30 years image
....But consumers craving a snack or trying to park may face confusion when they attempt to pay at coin-operated machines, as some will not immediately accept the new coin. They may find themselves rifling through their wallets for an old round pound. ...
FTSE 100 falls as pound jumps against dollar image
Source : BBC [Read Article] Monday 27th of March 2017 08:11:23 AM
....Worries over whether Donald Trump will be able to push through planned tax and spending changes in the US had a ripple effect across global markets. Shares fell and the pound hit a seven-week high against the dollar as the US currency weakened following the defeat of Mr Trump's healthcare reforms. ...
Dyson 'enormously optimistic' about post-Brexit trade image
Source : BBC [Read Article] Monday 27th of March 2017 06:01:32 AM
.... It has tripled its team in China and recently opened a new £330m research centre in Singapore. The firm is also opening a new multimillion-pound research centre in Wiltshire, England and a university at its existing Malmesbury campus in the Cotswolds. ...
New pound coin: £1 would be worth more than THREE times as much as original counterpart image
. The first £1 pound coin was introduced in 1983, but what you could buy for a quid then would now cost £3. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
....Wednesday is the day that Theresa May plans to trigger article 50 of the Lisbon treaty to set Brexit in motion. This September will see the 25th anniversary of Black Wednesday, when the pound was ejected from the European exchange rate mechanism, the precursor of the single currency. ...
Thought Mike Ashley was hard to work for? Meet Jennifer Hardy image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:00:24 AM
.... “If you ask for a glass of water outside your designated breaks, you would get a strike,” mused Wright. With the launch of the new pound coin on Tuesday, here’s a quick quiz question for you: when was the pound coin first introduced?. ...
Austerity bites? Less chocolate for your money as packets shrink image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:05:16 AM
.... Nestlé is also shrinking its Aero Mint bars from 120g to 100g to hold the price at £1. After a benign period where inflation was close to zero, living costs started rising again last summer thanks to a combination of higher oil prices and the Brexit vote’s blow to the value of the pound, which has made imports to the UK more expensive. ...
Taking the easy option with car insurance renewal can be costly image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
.... . The result is that many spend hundreds of pounds more than they need, which is a high price to pay for taking it easy. ...
Five-minute guide to new 12-sided pound coin image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
. This will replace the current “round pound” which superseded the old pound note on April 21, 1983, more than 30 years ago. ...
The British jobs Brexit makes hard to fill image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
....The human and economic cost of Brexit is registered in nationalities and jobs, a list of accents and tasks that we have taken for granted: the Italian chef; the Romanian fruit-picker and the Polish builder. According to industry groups and business owners, it is becoming increasingly hard to attract this kind of employee to Britain because of the collapse in the pound. ...
Up in smoke: the VW emissions  ‘fix’ has left our car undriveable image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
.... Lawyers claim British drivers should be compensated because they paid more for what they thought were clean diesel cars. Each motorist is seeking thousands of pounds in compensation. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
....There are almost 8m basic bank accounts open in the UK, and most of the big banks offer them, but they are arguably the Cinderella of the financial services world. You won’t find sports stars appearing in multimillion-pound TV adverts to plug them, or billboard posters extolling the virtues of these no-frills accounts. ...
New £1 coin: Tesco to leave trolleys unlocked image
Source : BBC [Read Article] Friday 24th of March 2017 07:57:17 PM
.... . Tesco said in a statement: "We're replacing the locks on our trolleys to accept old and new pound coins as well as existing trolley tokens. ...
Viagogo's shady reputation grows as it shuns critics image
Source : Guardian [Read Article] Friday 24th of March 2017 06:02:46 PM
....The answer is in a nondescript office in a business park on the outskirts of the Irish city of Limerick. This is Viagogo’s European operations centre, where more than 100 staff work at the hub of its multi-billion pound ticket resale empire. ...
Cauliflower prices slashed as UK's warm weather leads to glut image
Source : Guardian [Read Article] Friday 24th of March 2017 05:05:46 PM
.... “We did win business when Spain was out of action and the lower exchange rates have helped exports,” he said. Mowbray said he had also ploughed in some of his cauliflower crop and had frozen some but had been able to export nearly a fifth of his recent crop to Europe, mainly Scandinavia, as the fall in the value of the pound had made British produce more attractive. ...
New £1 coin: Tesco to unlock every trolley as it misses deadline image
Source : Guardian [Read Article] Friday 24th of March 2017 01:37:58 PM
....Tesco is unlocking 100,000 of its coin-operated supermarket trolleys after the grocery giant failed to convert them in time for the launch of the 12-sided £1 coin on Tuesday. A Tesco spokesperson said: “We’re replacing the locks on our trolleys to accept old and new pound coins as well as existing trolley tokens. ...
Broadband users in line for millions in Ofcom compensation plan image
Source : Guardian [Read Article] Friday 24th of March 2017 09:31:46 AM
. Broadband and landline customers who suffer poor service could get millions of pounds of money back automatically under a scheme proposed by Ofcom. ...
New pound coin: 12-sided piece enters circulation NEXT week - here's what you need to know image
.... It boasts high-tech features, including a hologram. It can be used alongside the old pound coin until the round pound ceases to be legal tender on October 15. ...
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....Last year’s relatively mild winter, which has led to lower sales of higher-priced boots, and increases in business rates and the legal minimum wage have added to pressure on the industry. The cost of sourcing goods abroad has also risen since the value of the pound collapsed against the dollar after the Brexit vote last June. ...
London now 'cheaper to live than New York and Tokyo', plus Viagogo snubs MPs image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. London ‘cheaper than New York or Tokyo’ after pound’s Brexit plunge. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
.... . One of the administrators said the fall in the pound and a change in shopping habits were key factors. ...
UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
.... “With household spending growth set to slow as inflation rises, retailers seem likely to remain under pressure through this year,” he said. Ben Broadbent, one of the Bank of England’s deputy governors, said in a speech in London that the fall in the value of the pound was having an impact on spending in the shops. ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
....4% increase expected by economists. News of the month-on-month increase sent the pound higher above $1. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
....“Efforts must be sustained to improve detection of foreign bribery and achieve stronger enforcement of its anti-bribery legislation,” it said. The report praises the UK’s Serious Fraud Office (SFO) for recent successes in pursuing major corruption cases, including a multimillion-pound settlement with the engineering giant Rolls-Royce earlier this year. ...
Next shares leads FTSE 100 higher image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:31:43 AM
....1614 euros. Commerzbank currency strategist Thu Lan Nguyen said the retail sales were "obviously stronger than expected which just added to the recently rather positive sentiment towards the pound. ...
Next admits mistakes as profits fall for first time in eight years image
Source : Guardian [Read Article] Thursday 23rd of March 2017 08:58:32 AM
....Last year the retailer sped up the way it puts together its clothing ranges to compete better with rivals such as Zara, H&M and Primark, which take weeks rather than months to take clothes from the design stage to the stores. But the Next chief executive, Lord Wolfson, admitted the push, which in some cases saw decisions taken in three days rather than three months, led to mistakes that compounded the tough trading conditions it had faced in 2016. ...
Energy price cap implications ominous, former regulators say image
Source : BBC [Read Article] Thursday 23rd of March 2017 06:49:47 AM
.... . City analysts have estimated such a cap could knock hundreds of millions of pounds off the profits of the major suppliers. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
....”. All retailers are under pressure from rising costs because of increases in business rates, the introduction of a minimum wage for over-25s and the fall in the value of the pound against the dollar, the currency in which many products are bought on the wholesale market. ...
Driver warning: Four out of 10 motorists losing hundreds of pounds with THIS mistake image
.... One in ten don't even check the price of their new policy, research by the comparison site showed. Insurers automatically hike prices for loyal customers at renewal, raking in hundreds of pound extra from drivers who sign up without shopping around for quotes. ...
Tesco pulls Sol, Amstel and Tiger from shelves in Brexit price row image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 03:07:10 PM
....2%. The higher-than-expected duty rise, coupled with increased costs for bottles, packaging and fuel because of the pound’s slump since the EU referendum, is understood to be behind the Heineken’s decision to ask for higher prices. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
....People living in the east Midlands were the most downbeat about their financial prospects, followed by those in the north-east and London. Inflation has picked up sharply in recent months as the weak pound has pushed up the cost of imported goods. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
. Kingfisher, the B&Q and Screwfix owner, has reported sharply higher profits, boosted by resilient sales in the UK and a weaker pound. ...
London's leading shares lose ground image
Source : BBC [Read Article] Wednesday 22nd of March 2017 08:45:47 AM
...."This is a classic risk-off move - people fly to safety, to the names that they know, as they reprice their fiscal policy outlook," said JP Morgan Asset Management's Alex Dryden. The pound was slightly higher against the dollar at $1. ...
UK millionaires think Brexit will make them even richer, survey finds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:35:35 AM
....According to polling data from YouGov, 75% of 18- to 24-year-olds voted to remain in the EU. Three-quarters of the millionaires surveyed by UBS said they thought Brexit would have a positive impact on the overall UK economy in the long term, despite the collapse in the value of the pound since the referendum and concerns that it may be more difficult for the UK to trade goods and service after it leaves the EU. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
....The trust issues its findings amid growing worries over a squeeze on living standards from sluggish pay growth and rising inflation. The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. ...
Handbag designer: 'I am moving manufacturing to Italy' image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:02:50 AM
....With Theresa May expected to invoke Article 50 next week, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. Handbag designer Claudia Fürst has moved her manufacturing operation to Italy to counter the impact of the weak British pound. ...
Make your money go the distance this summer image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 10:02:00 PM
.... . Coulthurst adds: “It may cost only a few pounds extra and you know your holiday budget up front. ...
Starting a child pension pot could repay a small fortune at retirement image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 10:01:00 PM
....”. Pension contributions have decades to benefit from compound interest. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... Having recently been relieved of any involvement in Brexit after everyone realised he was hopelessly out of his depth, the Treasury was conducting a process of elimination to discover if there was anything he could do well. On the basis of his answers to an urgent question from Labour on the Guardian’s allegations about British banks processing billions of pounds of dirty Russian money, the answer might well be nothing. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
....In truth, of course, Carney is more concerned about inflation than his apparent nonchalance would suggest. A combination of a rebound in oil prices and the fall in the pound since the EU referendum has resulted in a steady increase in inflation since the middle of last year, and there are more price rises in the pipeline. ...
Abellio deal: Japanese firm Mitsui completes 40% Greater Anglia sale image
....The RMT said it stands by comments made in January by the union's general secretary, Mick Cash, who warned that Britain's rail network was being sold off like it was a "dodgy car boot sale". "The checks and balances for both passengers and the taxpayer, which the DfT claims are enshrined in its multi-million pound franchising programme, are clearly lacking when the winning bidder can simply walk away, share out its responsibilities and choose its replacement whenever it sees fit," he said. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
....“For those who have questioned whether we get it, we do. We know this honest mistake was also a serious mistake, one that was compounded by the fact that Charlotte Hogg had overseen the development of our new code. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
....3% in February took inflation above the Bank of England’s 2% target and immediately raised expectations on financial markets that the Bank could raise interest rates sooner than previously thought to keep price rises in check. The pound strengthened against the dollar to hit a three-week high of $1. ...
Viagogo snubs MPs' inquiry into online ticket reselling image
Source : Guardian [Read Article] Tuesday 21st of March 2017 10:57:46 AM
.... Flashman was a renowned tout who claimed he could even get tickets for the Queen’s Garden Parties. The committee heard that fans who buy from Viagogo, sometimes for thousands of pounds, are being turned away from venues and events that ban resale. ...
Pound's jump unsettles London shares image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:06:16 AM
UK inflation jumps to 2.3% in February, pushing the pound higher - as it happened image
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London 'cheaper than New York or Tokyo' after pound's Brexit plunge image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:07 AM
....The city’s tumble down the Economist Intelligence Unit (EIU) world rankings is almost entirely due to the Brexit-inspired 15% fall in the value of sterling since the EU referendum last year. The pound’s fall has made prices in London much cheaper for foreign visitors, although not for local residents who earn their incomes in sterling. ...
Lord King: Scotland 'could be independent' image
Source : BBC [Read Article] Monday 20th of March 2017 09:34:16 PM
....". Ahead of the 2014 referendum, ratings agency Fitch warned that plans for an independent Scotland to continue use of the pound without shared fiscal and banking union with the UK could risk "high volatility and market turbulence". ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
. Jamie Oliver has struck a new multimillion-pound “golden handcuffs” deal with Channel 4, including a new TV series, that will tie him exclusively to the broadcaster for the next three years. ...
Car insurance prices set to jump by up to £1,000 from TODAY image
Source : Daily Express [Read Article] Monday 20th of March 2017 03:02:00 PM
. Young and old drivers are expected to be worst impacted and face paying hundreds of pounds more for policies, as they cause the extra costs for payouts, according to experts. ...
Head of Google Europe apologises over ads on extremist content image
Source : Guardian [Read Article] Monday 20th of March 2017 12:23:08 PM
....The ads help fund payments to the people who post the videos, with every 1,000 clicks worth about £6. Brittin insisted the sums involved had been “pennies not pounds” but admitted “clearly we need to do more on that”. ...
Pound slips on Article 50 date image
Source : BBC [Read Article] Monday 20th of March 2017 11:17:08 AM
. The value of the pound slipped as the government said it would officially notify the European Union next Wednesday that the UK is leaving. ...
Thousands join UK legal case against VW over emissions scandal image
Source : Guardian [Read Article] Monday 20th of March 2017 10:27:25 AM
....Lawyers in the UK action will claim British drivers should be compensated because they paid more for what they thought were clean diesel cars. Each motorist is seeking thousands of pounds in compensation. ...
Rail industry promises 6,400 extra services image
Source : BBC [Read Article] Monday 20th of March 2017 12:00:48 AM
....RDG chief executive Paul Plummer said there had been a "capacity crunch" for years as passenger demand increased. "That's why we're delivering billions of pounds of improvements and reversing decades of under-investment. ...
The five best ISA funds that have thrashed the market image
Source : Daily Express [Read Article] Sunday 19th of March 2017 10:22:00 AM
.... . Helal Miah, investment research analyst at The Share Centre, is an admirer: “With 95 per cent of its holdings in international stocks, it has benefited from the weaker pound post Brexit, but performance could slip if sterling strengthens or the US market dips. ...
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
....The expression “what’s that got to do with the price of [insert foodstuff here]?” is supposed to be a put-down riposte to some irrelevant statement, but it has become one of the pressing economic questions of the day. The Brexit vote has weakened the pound which, in turn, is pushing prices up as the cost of imports rise. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
....This insecurity means that many families are living an incredibly precarious existence: if economic growth were to dip, there are millions of workers who could effectively be laid off at a moment’s notice. This is playing out against a backdrop of declining living standards for low-income families, as sluggish earnings growth is being compounded by significant cuts to tax credits and benefits in the coming years. ...
Grayling hopes Brexit brings new apprenticeships in train image
Source : Guardian [Read Article] Saturday 18th of March 2017 04:00:43 PM
....”. A third rail source says: “This makes a stack of sense – for every ‘x’ number of pounds on a contract, there should be a British apprentice created. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
. Rising food and fuel costs are expected to have pushed inflation to its highest level in more than three years when official figures are released on Tuesday, underscoring the impact of the Brexit-battered pound on prices in the shops. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... Kylie Minogue’s name has featured. A Candy commission to redecorate the singer’s apartment was said to have over-run by half a million pounds, but she apparently settled the £1. ...
New bombshell for self-employed: pay 400% more NICs… or lose state pension image
....Another Guardian reader got in touch to say that “nobody in the media” seems to have picked up on this, adding that many of the low-earners affected “will be people starting up and being self-employed for the first time, or those who can only work part-time because, perhaps, they have caring commitments for children, sick or elderly family members, or they work in low-paid sectors like the arts”. Can it be true that the government is really hammering people earning just a few thousand pounds a year in this way? We asked the Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation, and its technical director Robin Williamson confirmed this was the case. ...
What a £1 coin could have made since 1983 image
Source : BBC [Read Article] Friday 17th of March 2017 10:03:18 PM
....66 by the end of 2016, after allowing for inflation. This would have required any income to be reinvested each month - to make the most of compounding over time. ...
Paperback fighter: sales of physical books now outperform digital titles image
....“Traditional publishers are setting the prices, which limits our ability as a retailer to discount or run price promotions,” he said. “One of the things that attracts people to ebooks is their affordability and people’s ability to take that pound they have for reading and stretch it further. ...
FTSE 100 closes at another record high image
Source : BBC [Read Article] Friday 17th of March 2017 08:52:07 AM
....The company added that the housing market in London and the South East had now "stabilised" since the post-Brexit vote fall in sales. On the currency markets, the pound was up 0. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
.... That was double the rate in the previous month, but we’re not talking about the 5% within six months that his predecessor, Justin King, forecast four months ago for the entire industry. King’s argument was that, since 40% to 50% of food in supermarkets is imported, a 5% increase in prices would be required to compensate for the 10% fall in the pound since the referendum. ...

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