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Socially Most Trending News

....The research found a basket of everyday items cost £37 at the Black Sea resort while the same goods in Ibiza, the most expensive destination, cost £131. It also found average prices for UK tourists had risen across Europe, partly because of the weaker pound. ... [Read full article on BBC ]
Thursday 13th of April 2017 11:32:31 PM
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.... . Not only is the industry undergoing profound structural changes as shoppers are increasingly going online, retailers are also grappling with the devaluation of the pound following the Brexit vote. ... [Read full article on BBC ]
Thursday 30th of March 2017 02:22:34 PM
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.... . "Rising food and petrol prices, together with slowing real wage rises, appear to be finally prompting shoppers to tighten their belts, while the value of the pound continues to put pressure on retailers' costs. ... [Read full article on BBC ]
Friday 21st of April 2017 09:24:52 AM
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.... . But he also said that the rising cost of imported raw materials, resulting from the weakness of the pound since the Brexit vote, had squeezed business spending. ... [Read full article on BBC ]
Thursday 13th of April 2017 01:07:25 AM
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. Amazon is targeting the multibillion-pound UK business-to-business market by launching a new service that sells office supplies, industrial tools and laboratory kits to companies. ... [Read full article on Guardian ]
Tuesday 4th of April 2017 05:30:43 AM
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....”. The Liberal Democrats’ treasury spokesperson, Susan Kramer, said: “The hard Brexit chosen by this government is set to take a wrecking ball to the UK financial sector, threatening thousands of jobs and billions of pounds of tax revenue. ... [Read full article on Guardian ]
Tuesday 4th of April 2017 11:34:52 AM
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Monday 24th of April 2017 06:35:35 AM
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...."Weetabix has struggled to crack the Chinese market, so it is no surprise to see Bright Food selling up," said George Salmon, equity analyst at Hargreaves Lansdown. "It's also unsurprising to see one of the UK's biggest cereal brands remain in foreign ownership, due to the pound's weakness. ... [Read full article on BBC ]
Monday 17th of April 2017 11:07:28 PM
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....Brexit means it is now "even more crucial" for the sector "to deliver more jobs, trade and exports", it adds. The federation's chief executive, John Kampfner, said: "There has been a tendency to dismiss the creative industries as something lightweight while claiming the glory of billions of pounds in trade that comes from hits such as War Horse, Sherlock and Slumdog Millionaire. ... [Read full article on BBC ]
Saturday 15th of April 2017 02:53:13 AM
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....The 34-year-old, who got his first credit card at the age of 18, said it was his "own stupidity" that gave him confidence to transfer his growing debts between different cards. "I was getting tens of thousands of pounds of [credit limit] increases without any real investigation into what I was doing and how my repayments were working out," he said. ... [Read full article on BBC ]
Monday 3rd of April 2017 06:53:47 AM
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....Six people, two of whom had worked for Halifax Bank of Scotland (HBOS) - owned by Lloyds - were jailed in February. The court heard they stole hundreds of millions of pounds from small businesses who were their clients. ... [Read full article on BBC ]
Friday 7th of April 2017 08:40:13 AM
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....In a six-page document seen by the Guardian, Deliveroo says its couriers, who deliver takeaways, should always be referred to as “independent suppliers” – self-employed workers with few employment rights – rather than as employees, workers, staff or team members. The business models of gig-economy companies such as Deliveroo and taxi app Uber are based on using thousands of self-employed contractors rather than employees – a move that saves them millions of pounds in holiday pay, sick pay and tax. ... [Read full article on Guardian ]
Wednesday 5th of April 2017 05:00:17 PM
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....Police have begun an investigation after what appeared to be human waste was found in drinks cans delivered to a Coca Cola factory in Northern Ireland. The night shift at the Lisburn factory was disrupted last week when machines became clogged; Coca Cola said it had impounded all affected cans. ... [Read full article on BBC ]
Tuesday 28th of March 2017 12:56:57 PM
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....The deal awarded to Charles Horton, chief executive of Southern’s parent firm Govia Thameslink (GTR), drew fire from the National Union of Rail, Maritime and Transport workers (RMT) and the Labour party. Horton was paid £478,000 by GTR and also received a further £17,000 in pay from a former division of the group, Southern Railway Limited, taking his total to nearly half a million pounds. ... [Read full article on Guardian ]
Monday 10th of April 2017 10:09:03 AM
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. A government shakeup of welfare payments being introduced on Thursday will push a quarter of a million children into poverty while wiping thousands of pounds off payments for bereaved families, according to research. ... [Read full article on Guardian ]
Sunday 2nd of April 2017 07:00:01 PM
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.... Here Roark gives way to John Galt, another capitalist genius, who leads a strike by the “men of talent” and drive, thereby depriving society of “the motor of the world”. In those novels, and in the essays and lectures she turned to afterwards, Rand expounded – at great and repetitive length – her philosophy, soon to be taught to A-level students alongside Hobbes and Burke. ... [Read full article on Guardian ]
Monday 10th of April 2017 05:49:09 PM
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. A leading thinktank has urged the government to spend billions of pounds helping poorly skilled workers in the less prosperous parts of the UK cope with the threat of the looming robot revolution. ... [Read full article on Guardian ]
Saturday 15th of April 2017 07:01:18 AM
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....Suppliers raising prices to cope with increased costs will be another test, Mr Gaul said. The pound has substantially weakened since the UK's vote to leave the European Union in June, pushing up the cost of imports. ... [Read full article on BBC ]
Wednesday 12th of April 2017 06:37:34 AM
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....3% against the euro at 1. 17, while the pound dropped 0. ... [Read full article on BBC ]
Sunday 23rd of April 2017 09:16:09 PM
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....4m pre-tax loss, according to accounts filed at Companies House. Jaeger is the latest in a long list of retailers to suffer from difficult trading conditions on the high street and the increased cost of imported materials due to the collapse of the pound. ... [Read full article on Guardian ]
Monday 10th of April 2017 05:06:29 PM
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....1bn of major claims, the fifth-highest since the turn of the century, mainly because of Hurricane Matthew, which hit the Caribbean and the east coast of the US, and the Fort McMurray wildfire in Canada. A lower underwriting result was offset by significantly improved investment returns, driven by a downward yield shift in bond markets, and foreign exchange gains, mainly caused by the pound’s slide since the Brexit vote. ... [Read full article on Guardian ]
Thursday 30th of March 2017 07:04:46 AM
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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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....From 10 April, those people who claim universal credit (UC) will be allowed to keep more of what they earn from a job before their benefits are reduced. Previously those in work were allowed to keep 35p out of every pound they earned, before their UC payment was cut. ... [Read full article on BBC ]
Friday 31st of March 2017 09:16:50 PM
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....He says that rising inflation and sluggish wage rises will erode the purchasing power of consumers. Meanwhile, imported cars are likely to become more expensive because of the fall in value of the pound, he points out. ... [Read full article on BBC ]
Wednesday 5th of April 2017 08:17:31 AM
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....”. A more significant challenge to the northern powerhouse lies in the ageing road and rail network, which business leaders say is causing Britain to lose out on potentially billions of pounds in growth and thousands of jobs. ... [Read full article on Guardian ]
Thursday 13th of April 2017 06:00:19 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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. The pound rose strongly and share prices in London fell sharply after Theresa May announced plans to call a general election on 8 June. ... [Read full article on BBC ]
Tuesday 18th of April 2017 07:58:19 AM
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....He said the chain was likely to be taking market share from rivals such as George and Peacocks because it was more than 25% cheaper. Mountford said the massive increase in the volume of clothing Pep&Co was now buying from suppliers meant it had been able to offset rising costs as a result of the fall in the value of the pound. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 05:34:00 PM
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....2% higher than last year, the biggest annual rise in three years. Inflation has been accelerating in recent months, partly as a result of the fall in the pound after the Brexit vote, which has raised import prices. ... [Read full article on BBC ]
Tuesday 11th of April 2017 08:32:36 AM
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.... . But the IMF still expects negative effects from leaving the EU including "reduced consumer purchasing power following the pound's depreciation and its gradual pass-through to prices and the impact of uncertainty on private investment". ... [Read full article on BBC ]
Tuesday 18th of April 2017 01:01:41 PM
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Latest Finance News related to Pound

Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....”. As well as the relief rally over the Macron result, the prospect of an end to the ECB’s bond-buying programme and low interest rate measures saw the euro hit a two-week high against the pound, up 0. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
....8m, according to its annual report, significantly less than the £527m it made in 2015. Preston said profits would have been even lower if it were not for the better performance of the company’s foreign properties, which were also flattered by the collapse in value of the pound. ...
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
....The government had estimated that this change, which would affect dividend-paying shares and investment funds held outside Isas or pensions, would raise £800m-£900m a year and affect more than 2. 2 million people, who would typically each have to pay several hundred pounds more in tax a year. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
....Costa opened 184 new stores in the UK last year, taking the total to 2,218, and installed more than 1,500 Costa Express machines worldwide. Brittain also warned of a “tougher consumer environment” this year, with household budgets squeezed by the weak pound causing price rises, static wages and higher petrol prices. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....Last week, official data indicated that UK retail sales volumes posted their biggest quarterly fall in seven years in the three months to March. Speaking to reporters, Ms Brittain said: "Indications suggest that there is going to be some constraint on (the) pound in the average consumer pocket with inflation and higher petrol prices and a relatively static wage position. ...
London share prices edge higher image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:57:49 AM
....Despite a 6% rise in "underlying" pre-tax profits, it was "cautious" about prospects for the next year and forecast a "tougher consumer environment". The pound rose 0. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
....So, do today’s anti-globalisation winds – caused in part by poor global policy coordination in the context of too many years of low and insufficiently inclusive growth – create scope for enhancing the SDR’s role and potential contributions?. Addressing this question, were it to gain traction, would involve a focus on an ecosystem of SDR use, with the composite currency – which last year added the Chinese renminbi to the British pound, euro, Japanese yen and US dollar – potentially benefiting from a virtuous cycle. ...
Buying a holiday home in Spain? This is how you can make BIG savings image
Source : Daily Express [Read Article] Monday 24th of April 2017 11:39:00 AM
. You will need to exchange your pounds for euros when buying property in many European countries, and the exchange rate you are able to secure for this currency transfer can make a massive difference to how much you ultimately pay for your home in the sun. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....Meanwhile, the single currency hit a five-and-a-half month high against the dollar. Although it came off its best levels, it was still up about 1% against the dollar and the pound as European markets closed. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....The negative effects of sterling’s slide since the EU referendum appear to be outweighing the positive effects – a boost to exports. The weaker pound has raised the cost of imported materials and pushed inflation to a three-year high of 2. ...
Missing million image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:01:31 PM
....". The difficulty is compounded by the fact that sources can be in 30-40 different languages, most are handwritten and can be in different scripts, such as Latin, Hebrew and Cyrillic. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
Company profit warnings increase on previous quarter image
Source : BBC [Read Article] Sunday 23rd of April 2017 08:23:22 AM
.... . But it says the impact of a weaker pound and rising pricing pressures "loom large". ...
Five Minute Guide to: Ensuring your car cover is valid image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 12:01:00 AM
....Despite the box office success of the Fast And The Furious movie franchise, the number of young motorists adding modifications to their vehicles has fallen dramatically. The millennial generation has rejected body kits, fat exhausts and oversized tyres, in part because of the cost, with premiums for younger drivers running into thousands of pounds. ...
When an M&S closes, you lose more than a store | Barbara Ellen image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:05:27 PM
....Maybe I’m wrong and Slough would love some Hoxton-style breakfast cereal cafes, where you could also get a beard trim and pick up some homemade wild fig and bacon soap and perhaps an ironic dream-catcher. However, that would still leave an immense amount of space, to be filled by pound shops or simply left empty, giving the whole shopping area the look of a desperate smile where several teeth have been brutally punched out. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
. Underhand tactics by leading personal loan providers are costing Britons hundreds of millions of pounds a year, it was claimed this week. ...
Braced for Brexit image
Source : BBC [Read Article] Friday 21st of April 2017 08:44:19 PM
....Well, even there, Brexit is likely to have consequences. The pound has fallen in value in the wake of last June's referendum outcome. ...
Growth in unpaid full-time internships raises fears for social mobility image
....Fellow fashion designer Vivienne Westwood has previously come under fire for offering five unpaid internships, which are still being advertised. Publicis Media, part of the multibillion-pound French advertising and public relations group Publicis, is currently looking for a German-speaking intern who will receive only lunch and travel expenses. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said. Just days after admitting that the taxpayer faced multibillion-pound losses on its stake in Royal Bank of Scotland, Philip Hammond said the government had now “recovered every penny of its investment in Lloyds”. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....The slump comes as the political parties fire their opening salvoes in the general election campaign. Theresa May has indicated she will focus on her ability to deliver the benefits of Brexit, in part from the lower value of the pound. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . "Rising food and petrol prices, together with slowing real wage rises, appear to be finally prompting shoppers to tighten their belts, while the value of the pound continues to put pressure on retailers' costs. ...
M&S share rise fails to lift FTSE 100 image
Source : BBC [Read Article] Friday 21st of April 2017 08:12:14 AM
.... Consumption has held up quite well but it's supported by things that are unsustainable in the long run," he added. The pound was down 0. ...
Card spending online jumps to £422m a day image
Source : Daily Express [Read Article] Friday 21st of April 2017 12:00:00 AM
....8 billion purchases made online at an average of 150 million a month - an increase of 38 per cent from 2014. Nearly four in every 10 pounds spent on travel is paid for online, with 54 per cent of spending on flights made through the internet. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
.... This would lead to workers suffering a 10% cut to their benefits but can only happen if Tata Steel persuades the regulator that it is on the brink of insolvency and cannot continue to support the pension scheme. Tata will also have to provide hundreds of millions of pounds to help fund the scheme and the PPF can demand a stake of up to 33% in Tata Steel UK so that it benefits from the future success of the business. ...
EU toughens Brexit stance and demands UK pay liabilities in euros image
Source : Guardian [Read Article] Thursday 20th of April 2017 02:37:31 PM
....Leaked documents reveal the EU’s position has hardened in recent weeks since the publication of the European council’s draft guidelines, which offered an indication of the bloc’s opening stance last month. The European commission expects Britain to pay its estimated €60bn (£50bn) in liabilities in euros, leaving it to risk the currency markets at a time when the pound has been weak, according to a paper seen by Politico. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
...." . "This reflects our continued investment in both innovations and brand support and reconfirms the strength of our long-term sustainable compounding growth model. ...
'It was like the tap turned off on job applications': SMEs post Brexit vote image
....“We spoke to our recruitment agent and he says it’s the same for all British companies. The East European people he specialised in placing in jobs feel less welcome in the UK now and, since the devaluation of the pound, they’d far rather be earning euros in a country they know they can settle down in if they choose. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... That’s all that’s required, and he did it well. Burberry shareholders did splendidly during the boom years for luxury goods, but the recent air of frustration won’t be cleared by yet another update that was long on grumbles about the “uncertain environment”, even though the company received the great gift of a lower pound. ...
Burberry's sales growth slows despite 'exceptional' UK performance image
Source : Guardian [Read Article] Wednesday 19th of April 2017 05:23:32 PM
.... The relative strength of the dollar during the period also encouraged Americans to shop abroad. Analysts are now concerned that the benefits Burberry has enjoyed from the low value of the pound will disappear given the recent rise in sterling ahead of the UK general election. ...
UK government vows strong action to rein in energy companies image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:25:24 PM
....Clark said the plans, which are expected to include some form of price cap, would show “very decisive action”. Clark said he was acting because of the “flagrant mistreatment” of loyal customers who default on to more expensive standard tariffs and are collectively paying a billion pounds more than they need to. ...
Energy secretary to 'flex muscles' over rising bills image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:49:17 AM
....Mr Clark said he did not have the power to affect prices directly, but the government could act to alter a "deficiency" in the market. Major energy firms announced increases in standard tariffs in the last few months, blaming investment requirements, government demands and the falling value of the pound. ...
Burberry shares dive despite sales rise image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:32:28 AM
.... . The company has previously said the weak pound had attracted overseas shoppers to its British stores. ...
FTSE 100 stumbles as Burberry tumbles image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:46:07 AM
....44. Meanwhile, the pound was little moved against the dollar and the euro, at $1. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
....3bn. ABF said profit growth in the second half would be "tempered" by the weaker pound pushing up the cost of imports. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
.... . Financial and business services account for about half the total of British services exports, which is in the region of a quarter of a trillion pounds ($300bn). ...
Investors think the election means a softer Brexit – are they right? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:40:16 PM
.... Part of the decline occurred before the lectern had even been placed in Downing Street. Part of the rest can be explained by a stronger pound, which tends to depresses the value of the many big dollar-earners in the index. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
. More than £45bn was knocked off the value of shares in Britain’s biggest companies following Theresa May’s snap general election announcement, with the FTSE 100 index suffering its worst day since the Brexit referendum as a rally in the pound hit the stock market. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
. Philip Hammond has signalled that the government is facing a multibillion-pound loss from selling off its 73% stake in Royal Bank of Scotland. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
.... . But the IMF still expects negative effects from leaving the EU including "reduced consumer purchasing power following the pound's depreciation and its gradual pass-through to prices and the impact of uncertainty on private investment". ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
.... . According to Begbies Traynor, rising energy and food prices, combined with the recent fall in the pound, had "undoubtedly put a strain on much of the UK supply chain". ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....“We want to work constructively with the new management team to ensure the success of the iconic Weetabix brand and to safeguard the future employment for our hardworking and dedicated members,” said Sally Mortimer, regional officer for Unite. George Salmon, equity analyst at Hargreaves Lansdown, said the proposed deal was the latest in a string of approaches for UK companies since the Brexit vote last June and the subsequent sharp fall in the pound. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
...."Weetabix has struggled to crack the Chinese market, so it is no surprise to see Bright Food selling up," said George Salmon, equity analyst at Hargreaves Lansdown. "It's also unsurprising to see one of the UK's biggest cereal brands remain in foreign ownership, due to the pound's weakness. ...
Care homes charging for rooms after residents die, watchdog finds image
Source : Guardian [Read Article] Monday 17th of April 2017 01:09:18 PM
....Care homes are charging families for weeks after the death of an elderly relative in some instances, prompting a string of complaints to the competition watchdog that is investigating the sector. The Competition and Markets Authority has received complaints about families being charged for sums that can amount to thousands of pounds to cover for the time it can take before a room can be relet. ...
Ticketmaster accused of not doing enough to thwart touts image
Source : Guardian [Read Article] Monday 17th of April 2017 12:55:39 PM
....FanFair Alliance, which recently published a guide to help fans beat touts, also questioned the validity of company details provided by professional sellers on GetMeIn and Seatwave. One seller, listed as Elsie Marshall, appears multiple times on both websites, advertising dozens of tickets worth thousands of pounds. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....Libor is used as a reference point around the world for loans and mortgages and is set each day by a panel of leading banks, with each one submitting the rates at which it is willing to borrow. Revelations that the rate was rigged at the height of the financial crisis have led to banks being fined hundreds of millions of pounds from a variety of regulators, while bankers from Barclays and UBS have been jailed. ...
Batten down the hatches! Rising inflation and low wage growth are pinching the consumer image
.... However, faith in “Trumpflation” is fading and stock markets have cooled in recent weeks, adding to the uncertainty. Die-hard Remainers like to blame all the UK’s challenges on Brexit and while it is true sterling’s post-referendum drop has driven up the price of imported goods, fuelling inflation, the Bank of England must share the blame for last year’s overreaction when it slashed base rates and unleashed stimulus, which is what really sunk the pound. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....Prices are rising and wages aren’t, which means that our standard of living is falling. That irritation is likely to continue for a bit, too, with economists expecting the squeeze on inflation-adjusted wages to intensify over the coming months as the weak pound affects the cost of living. ...
Five minute guide to getting covered for your holiday image
Source : Daily Express [Read Article] Sunday 16th of April 2017 12:01:00 AM
....AT A LOSS. One in four claims was for a medical problem needing hospital treatment, which can be particularly costly in the US, where bills quickly run into thousands of pounds. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....Many Brexiters argue that quitting the European Union provides the economic reset needed to achieve a better balance, at least for the UK. A permanently lower pound could spur growth and employment, and combined with lower immigration, could lead to higher wages. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....Setting up a microbrewery isn’t cheap. It’s possible to get a small business started with a homebrew kit that costs a few thousand pounds. ...
Robots to replace 1 in 3 UK jobs over next 20 years, warns IPPR image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:01:18 AM
. A leading thinktank has urged the government to spend billions of pounds helping poorly skilled workers in the less prosperous parts of the UK cope with the threat of the looming robot revolution. ...
Industrial strategy 'must help' UK creative industries image
Source : BBC [Read Article] Saturday 15th of April 2017 02:53:13 AM
....Brexit means it is now "even more crucial" for the sector "to deliver more jobs, trade and exports", it adds. The federation's chief executive, John Kampfner, said: "There has been a tendency to dismiss the creative industries as something lightweight while claiming the glory of billions of pounds in trade that comes from hits such as War Horse, Sherlock and Slumdog Millionaire. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
.... It is estimated that it could cost as much as £75m for the scheme to be bought out and run by a private insurance firm. Currently, the fund is only due to receive 1p in the pound, as part of the pre-pack model arranged by administrators Deloitte. ...
BHS workers share £1m payout over failed redundancy process image
Source : Guardian [Read Article] Friday 14th of April 2017 06:59:27 AM
....It is not the first time there has been a clash between insolvency and employment regulation. In 2014 Comet workers won a multimillion pound payout after a tribunal ruled that the company and its administrator, Deloitte, failed to consult staff properly when nearly 7,000 people were made redundant in 2012. ...
Bulgaria's Sunny Beach offers 'best value in Europe' image
Source : BBC [Read Article] Thursday 13th of April 2017 11:32:31 PM
....The research found a basket of everyday items cost £37 at the Black Sea resort while the same goods in Ibiza, the most expensive destination, cost £131. It also found average prices for UK tourists had risen across Europe, partly because of the weaker pound. ...
Python with anorexia swallows £800 in vet bills image
Source : BBC [Read Article] Thursday 13th of April 2017 11:10:29 PM
....The average cost of a claim is now £757, a 5% rise on 2015. "There is no NHS for pets, and the cost of getting quality veterinary treatment can quickly run into thousands of pounds, particularly with rising veterinary costs and a greater range of medical treatments for pets now available," said Rebecca Hollingsworth, general insurance policy adviser at the ABI. ...
UK households face billion pound energy bill with Eastern England hardest hit image
Source : Independent [Read Article] Thursday 13th of April 2017 02:12:37 PM
...
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Starbucks says Brexit vote hit UK profits image
Source : BBC [Read Article] Thursday 13th of April 2017 01:33:41 PM
....Before 2012, the company paid just £8. 6m in 14 years of trading in the UK, despite sales worth billions of pounds. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....“If the fundamentals for consumers do weaken further as expected over the coming months, it is vital that banks adopt tight lending standards in granting unsecured consumer credit, or it risks causing serious debt problems for the economy,” said Archer. “This would be reinforced if the Bank of England felt compelled to raise interest rates due to mounting concern over the potential inflation overshoot,” he added, referring to signs inflation will continue to rise from its three-year high as the weak pound raises import costs for the UK. ...
Pound to euro rate: Sterling rises to seven-week high in Easter boost for holidaymakers image
....179 ahead of the four-day weekend, as the looming French election prompts investors to sell off the European currency. The weaker pound since the Brexit-vote last summer has made the cost of heading abroad pricier, but there are still budget-friendly destinations, according to M&S Bank. ...
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
....”. A more significant challenge to the northern powerhouse lies in the ageing road and rail network, which business leaders say is causing Britain to lose out on potentially billions of pounds in growth and thousands of jobs. ...
UK firms 'struggling to recruit staff' image
Source : BBC [Read Article] Thursday 13th of April 2017 01:07:25 AM
.... . But he also said that the rising cost of imported raw materials, resulting from the weakness of the pound since the Brexit vote, had squeezed business spending. ...
Our high streets don’t need new shops – they need new ideas | Suzanne Moore image
.... There are more coffee shops than you can throw a stick at in my local high street, where you can buy actual sticks in a florist for £18, as well as stupidly priced baby clothes. A little further away, there is a pawnbroker and a parade of pound shops. ...
Charging Bull artist wants removal of Fearless Girl statue image
Source : BBC [Read Article] Wednesday 12th of April 2017 05:04:35 PM
....Mr Di Modica's statue was installed in 1987, without any city permits. The 7,000 pound (3,175 kg) structure was placed on a New York City street after a financial collapse in the middle of the night, but was eventually moved to the Financial District, steps away from Wall Street, after the public called for the statue to be allowed to stay. ...
What is the cheapest way to send money overseas? How to transfer money abroad image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:55:00 PM
. In fact, the pound is currently trending at a six-and-a-half-week high of €1. ...
Why dental floss and kippers explain your rising post-Brexit shopping bill image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:37:34 PM
....If your weekly shopping bills seem to be going up, even though the price of a pint of milk is holding steady, there is a good reason for that. According to industry watchdogs, British supermarkets have responded to Brexit-induced inflation and the weaker pound by quietly hiking the cost of less regular purchases such as light bulbs, water filters and dental floss. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....3% increase in prices. Despite a fresh fall in unemployment and record job vacancies, economists expect the squeeze on real inflation-adjusted wages to intensify over the coming months as the weak pound affects the cost of living. ...
Supermarket woes dent FTSE 100 image
Source : BBC [Read Article] Wednesday 12th of April 2017 08:07:25 AM
.... . On the currency markets, the pound rose 0. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....Suppliers raising prices to cope with increased costs will be another test, Mr Gaul said. The pound has substantially weakened since the UK's vote to leave the European Union in June, pushing up the cost of imports. ...

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