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Louis Vuitton’s Italian shoes are the very height of luxury. Its Venice workshop claims to embody “ancestral savoir-faire” in a region “revered for its fine shoe craftsmanship”.It is an image burnished by one of the biggest advertising budgets in the world. The Louis Vuitton Moet Hennessy ... [Read full article on Guardian ]
Saturday 17th of June 2017 08:00:33 AM
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Further boardroom upheaval is under way at Burberry after the luxury fashion brand revealed its long-standing chairman, Sir John Peace, is planning to leave.Peace has been chair of the FTSE 100 company since it was spun out of GUS in 2002, and has signalled his departure ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:10:12 PM
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Uber co-founder Travis Kalanick has resigned from his position as chief executive of the $68bn ride-hailing app following a tumultuous six months of scandal.Kalanick stepped down in the face of pressure from five of Uber’s largest investors, according to the New York Times. Kalanick will, however, ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:19:56 AM
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Sainsbury’s is closing in on a £130m deal to acquire the convenience chain Nisa as the industry rushes to consolidate following Tesco’s £3.7bn swoop on rival Booker.The board of Nisa, which is owned by its shopkeeper members, recently hired bankers to advise on its strategic options ... [Read full article on Guardian ]
Saturday 17th of June 2017 12:35:00 PM
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As the sun shone on millions of solar panels and unseasonable gusts turned thousands of turbine blades last Sunday, something remarkable happened to Britain’s power grid.For a brief period, a record 70% of the electricity for the UK’s homes and businesses was low-carbon, as nuclear, solar ... [Read full article on Guardian ]
Saturday 17th of June 2017 03:00:41 PM
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British industry has received a boost from a £900m train order that once looked destined for Germany but is instead going to the Bombardier plant in Derby, safeguarding about 2,500 skilled jobs.A fleet of 90 commuter trains for the South Western franchise will be built at ... [Read full article on Guardian ]
Tuesday 20th of June 2017 09:01:04 AM
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The sprawling factory compound, all grey dormitories and weather-beaten warehouses, blends seamlessly into the outskirts of the Shenzhen megalopolis. Foxconn’s enormous Longhua plant is a major manufacturer of Apple products. It might be the best-known factory in the world; it might also might be among the ... [Read full article on Guardian ]
Sunday 18th of June 2017 08:30:02 AM
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Banks, accountants and law firms that facilitate offshore tax schemes face a Europe-wide crackdown, according to a leak of draft legislation.Brussels will publish proposals this Wednesday to force financial intermediaries to automatically disclose any new cross-border tax schemes offered to clients. Those designing and promoting aggressive ... [Read full article on Guardian ]
Sunday 18th of June 2017 03:18:15 PM
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Jaguar Land Rover has unveiled plans to recruit 5,000 new engineers over the next year in a boost for British industry as the Brexit talks begin. The carmaker has just enjoyed a record year of sales bolstered by demand for luxury cars in China and North ... [Read full article on Guardian ]
Sunday 18th of June 2017 04:50:45 PM
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British negotiators have capitulated to key European demands for a phased approach to Brexit talks, agreeing to park discussions on free trade until they have thrashed out the cost of the multibillion-euro UK divorce settlement.Putting a brave face on a concession that may further strengthen the ... [Read full article on Guardian ]
Monday 19th of June 2017 06:23:20 PM
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High prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank.The number of home sales in England and Wales fell by 7% in 2016 ... [Read full article on Guardian ]
Wednesday 21st of June 2017 05:01:21 AM
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A tequila company co-founded by George Clooney has been sold to UK drinks firm Diageo for up to $1bn (£790m).The company behind Smirnoff, Johnnie Walker and Baileys announced it would buy Casamigos, created four years ago by the American actor, together with Cindy Crawford’s husband Rande ... [Read full article on Guardian ]
Thursday 22nd of June 2017 07:40:41 AM
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Virgin Media is advising more than 800,000 customers with a specific router to change their password immediately after an investigation found hackers could gain access to it.Virgin Media said the risk to customers with a Super Hub 2 router was small, but advised them to change ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:53:02 AM
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Four former Barclays executives could face lengthy jail sentences after the Serious Fraud Office charged them and the bank with fraud over the way Barclays raised billions of pounds from Qatar at the height of the financial crisis.The SFO charged former Barclays chief executive John Varley ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:48:09 AM
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The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports.British Gas’s owner, Centrica, said it was permanently closing the Rough facility off the Yorkshire coast because it ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:28:40 PM
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Why should I use a banking app instead of logging into my bank accounts with the relevant passwords via Windows 10 and Edge? Which one would be more secure? IreneOver the past five years or so, I feel the consensus has changed to using apps. However, ... [Read full article on Guardian ]
Thursday 22nd of June 2017 09:55:03 AM
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Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change.The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:32:21 PM
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Now the UK supermarkets know Amazon is coming – probably. The biggest and most frightening beast in the retail jungle has signalled it is serious about the grocery business. Jeff Bezos’s monster is making its largest ever acquisition by paying $13.7bn (£10.7bn) to buy Whole Foods ... [Read full article on Guardian ]
Sunday 18th of June 2017 06:00:04 AM
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Senior business figures have heaped further pressure on Theresa May to change course for a softer Brexit in the wake of the election, amid fresh warnings of the impact of immigration controls and leaving the single market.Stuart Rose, the Tory peer and chairman of online grocer ... [Read full article on Guardian ]
Sunday 18th of June 2017 03:48:03 AM
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An economics professor from the London School of Economics who warned against Brexit has been appointed to the Bank of England’s interest rate-setting committee.Silvana Tenreyro was one of 280 economists who signed a public letter ahead of the referendum last year stating it would be a ... [Read full article on Guardian ]
Monday 19th of June 2017 03:47:58 PM
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Britain’s vote to leave the EU has squeezed living standards, hit consumer spending and dampened the country’s growth prospects, a Guardian analysis of economic news over the year since the referendum shows.One year since voters narrowly opted for Brexit, the Guardian’s monthly tracker of economic news ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
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A £2.3tn windfall for those lucky enough to own their own homes during the property boom of the 1990s and early 2000s has opened up a deep and widening inequality gap between the generations, a thinktank has warned. Rising house prices that have enriched older generations ... [Read full article on Guardian ]
Tuesday 20th of June 2017 05:01:01 AM
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Generations of British consumers have been locked into a “risky and expensive” project by the UK’s subsidy deal for a new nuclear power station at Hinkley Point in Somerset, according to a damning report by the spending watchdog.The National Audit Office said the contract sealed by ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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Advertisers will pull hundreds of millions of pounds in spending from Google and Facebook this year over concerns about ads running next to inappropriate content such as extremist sites and fake news.Sir Martin Sorrell’s GroupM, which buys more than $75bn (£60bn) of advertising space on behalf ... [Read full article on Guardian ]
Thursday 22nd of June 2017 06:14:48 AM
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It’s a hot day in New York City. You’re thirsty, but your water bottle is empty. So you walk into a store and place your bottle in a machine. You activate the machine with an app on your phone, and it fills your bottle with tap ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:00:25 AM
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Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books.The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:55:53 AM
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Is now the time to buy an electric car? Falls in financing costs mean that switching to a zero carbon-emitting vehicle won’t just help the environment, it can be cheaper than buying and running a conventional car.When Guardian Money last looked at electric cars, the price ... [Read full article on Guardian ]
Saturday 17th of June 2017 06:00:30 AM
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The government’s spending deficit is on course to worsen this year as official figures show the economic slowdown is beginning to take a toll on the UK’s public finances.As ministers struggle with demands for higher spending on health, police and social care, the Office for National ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:49:47 AM
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The price of British strawberries could rise by more than a third if the UK cannot ensure access to European workers after Brexit, farmers have warned. Producers have called on the government to introduce a permit scheme for seasonal workers to ensure that the expansion of ... [Read full article on Guardian ]
Thursday 22nd of June 2017 12:00:22 AM
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The National Audit Office does not use excitable phrases like “utter shambles.” But the spending watchdog’s verdict on Hinkley Point C, the nuclear power plant in Somerset that is supposedly inevitable, amounts to the same thing. The government “has locked consumers into a risky and expensive ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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Latest Financial News

Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
First it lured Natalie Massenet, the queen of online luxury, then it teamed up with fashion bible Vogue, and now it has won a multi-million pound investment from China’s biggest retailer: London-based fashion website Farfetch has rapidly gone from edgy outsider to hot ticket.Farfetch is the ...
Homes in converted mansions – in pictures image
Source : Guardian [Read Article] Friday 23rd of June 2017 10:45:43 PM
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Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
If you had told people in the City at the height of the financial crash in 2008 that it would take almost nine years for the first top bankers to face prosecution, few would have believed you. If you had then said that this first prosecution ...
Nisa members air discontent at prospect of Sainsbury's takeover image
Source : Guardian [Read Article] Friday 23rd of June 2017 06:07:36 PM
Independent shopkeepers in the Nisa convenience chain are mobilising in an attempt to block a potential £130m takeover by Sainsbury’s. Britain’s second largest supermarket group has started due diligence on member-owned Nisa, which sources groceries for 2,500 small shops, all owned by families and entrepreneurs.But many ...
Tattooing avocados helps keep up supply of smash hit image
Source : Guardian [Read Article] Friday 23rd of June 2017 05:09:16 PM
We’ve smashed them, scooped them, sliced them and blended them. Now we have started tattooing avocados as retailers battle to feed the UK’s growing obsession with the creamy green fruit.Fruit supplier Mack, based in Kent, handles 1.3m avocados a week for a number of British retailers, ...
‘CANCER care has let us down’ Family's battle with NHS treatment funding  image
The couple cite a mix of budget and regional restrictions, inconsistent processing and assessments together with scant information.  This has driven them to seek donations to pay privately for the treatment in a bid to prolong Anca’s life now the cancer has spread.“But it should not ...
London could lose out as ECB seeks control of euro clearing after Brexit image
London is facing renewed pressure over its dominance of the €1tn (£880bn)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business.The move by the Frankfurt-based ECB – the central bank for the 19 countries ...
Let’s move to Cambridge: ‘Ancient university and biotech boom town’ image
What’s going for it? Success doesn’t always come in the form you might wish. Unlike the more entitled, worldly Oxford, Cambridge has long had the air of an ordinary market town that hit the jackpot and couldn’t believe its luck. It has had the last laugh, ...
Risk of air accidents in UK up after CAA cost-cutting, warns leaked report image
Cost-cutting and overstretched staff at the Civil Aviation Authority have increased the risk of air accidents in Britain, according to a leaked internal report drafted by the air safety regulator but never released.Inspectors at the CAA, which oversees flight safety, warned bosses that they did not ...
Soft Brexit, hard Brexit – What is the difference for expats? image
Source : Daily Express [Read Article] Friday 23rd of June 2017 02:24:00 PM
But what does that actually mean for those UK nationals living abroad?Residency rights for UK expatsThe Prime Minister promised that EU citizens currently living in the UK would have their rights protected as long as the EU pledged to do the same for the 1.2 million ...
Queen's speech doesn't help British businesses frozen out of EU space contracts image
Plans for commercial spaceports outlined in the Queen’s speech this week will not cancel out the economic threat of Brexit, industry leaders have warned.The space industry bill would enable rocket launches from British soil and ease regulations to make it possible for startups to send constellations ...
Hotpoint tells customers to check fridge-freezers after Grenfell Tower fire image
Hotpoint has urged owners of its fridge-freezers to check their model numbers for safety reasons after one was identified as the initial cause of the Grenfell Tower fire.A spokesman said Hotpoint was working with the authorities after its FF175BP model was found to have started the ...
Latest diesel car models remain highly polluting, tests show image
Source : Guardian [Read Article] Friday 23rd of June 2017 10:33:14 AM
The latest diesel car models are failing to meet pollution limits when on the road, just three months ahead of stricter new tests, independent tests have found. Results show that none of six new 2017 diesel cars met the EU standard for toxic nitrogen oxides (NOx) ...
Hinkley Point is a terrible deal. May must show courage and cancel it | Simon Jenkins image
They haven’t gone away. The great spending dinosaurs of the political dark ages, back before June 2017, are still roaming the jungle. Theresa May’s first decision as prime minister, to approve the £18bn Hinkley Point nuclear power station, is still crashing about Whitehall. Now the national ...
Online gambling firms face clampdown after watchdog's probe image
Source : Guardian [Read Article] Friday 23rd of June 2017 07:46:11 AM
The online gambling industry is facing a clampdown after the UK competition watchdog accused companies of unfairly treating customers and potentially breaking consumer law.The Competition and Markets Authority (CMA) said people were not getting the deal they expected from sign-up promotions and operators were unfairly holding ...
Markets drop despite French GDP upgrade and strong Eurozone data -- as it happened image
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Virgin Media tells 800,000 users to change passwords over hub hacking risk image
Virgin Media is advising more than 800,000 customers with a specific router to change their password immediately after an investigation found hackers could gain access to it.Virgin Media said the risk to customers with a Super Hub 2 router was small, but advised them to change ...
Should I tell prospective employers that I want to change career? image
Source : Guardian [Read Article] Friday 23rd of June 2017 06:00:17 AM
Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.After being made redundant some ...
A former Wesleyan chapel in Harrogate – in pictures image
Source : Guardian [Read Article] Friday 23rd of June 2017 06:00:16 AM
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One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
Britain’s consumers and UK-focused firms are among the biggest losers one year on from the shock Brexit vote that drove the value of the pound to its lowest level in more than 30 years.On the first anniversary of the EU referendum, financial services company Hargreaves Lansdown ...
Hinkley Point C: watchdog confirms fears of political vanity project | Nils Pratley image
The National Audit Office does not use excitable phrases like “utter shambles.” But the spending watchdog’s verdict on Hinkley Point C, the nuclear power plant in Somerset that is supposedly inevitable, amounts to the same thing. The government “has locked consumers into a risky and expensive ...
Spending watchdog condemns 'risky and expensive' Hinkley Point image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
Generations of British consumers have been locked into a “risky and expensive” project by the UK’s subsidy deal for a new nuclear power station at Hinkley Point in Somerset, according to a damning report by the spending watchdog.The National Audit Office said the contract sealed by ...
Athens: thousands of public-sector workers march against austerity image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:41:34 PM
Greece has been hit by fresh strike action as thousands of public sector workers marched through Athens in protest against the debt-ridden country’s austerity programme.Authorities said that about 5,000 people took part in the demonstration on Thursday, in the latest in a series of protests that ...
Triple lock on pensions will go eventually, says pensions secretary image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:15:54 PM
The new welfare and pensions secretary believes the government will have to reform the triple lock on pensions within his lifetime, despite concerns that it could lose votes for the Conservatives.David Gauke said the mechanism, under which recipients receive an annual increase of whichever is the ...
Inflation needs to be checked with rate increase, says MPC member image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:01:21 PM
A Bank of England policymaker has heaped further pressure on Mark Carney, the governor, with a warning that the central bank’s policymakers have failed to spot an inflationary spiral that needs to be choked off with an immediate increase in interest rates.In the same week that ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
The number of properties bought by landlords has almost halved in a year after a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for buy-to-let lending in 2017 and 2018.The Council of Mortgage Lenders said buy to let had had a ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
Deutsche Bank is at the centre of an escalating row on Capitol Hill after the German bank refused to respond to a congressional request for information about the bank’s examination of Donald Trump’s bank account and whether he had financial ties to Russia.Maxine Waters, a top ...
M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
Jill McDonald, the boss of Halfords, is missing out on £1.7m of bonuses from the bikes and car parts retailer as she jumps ship to Marks & Spencer.However, the executive, who will have spent only two and a half years at Halfords, is unlikely to feel ...
Make your property dream come true, plus fraud hotspots revealed image
Source : Guardian [Read Article] Thursday 22nd of June 2017 02:00:21 PM
Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed.Debt bubble returns millions to days of 2008 crashHouse sales have fallen by nearly a third in some parts of UK, says LloydsEnergy price ...
Big Mac, smaller effort: Uber to run McDonald's deliveries in UK image
Source : Guardian [Read Article] Thursday 22nd of June 2017 01:13:34 PM
Fancy a Big Mac but just can’t be bothered to get up off the sofa? McDonald’s has finally answered your prayers– if you live in parts of London, Nottingham and Leeds at least.The fast food giant has launched its long-awaited “McDelivery” trial in the UK after ...
UK manufacturing soars thanks to weak pound and global recovery image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:55:53 AM
Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books.The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
Britain’s vote to leave the EU has squeezed living standards, hit consumer spending and dampened the country’s growth prospects, a Guardian analysis of economic news over the year since the referendum shows.One year since voters narrowly opted for Brexit, the Guardian’s monthly tracker of economic news ...
Is it safer to use an app or a browser for banking? image
Source : Guardian [Read Article] Thursday 22nd of June 2017 09:55:03 AM
Why should I use a banking app instead of logging into my bank accounts with the relevant passwords via Windows 10 and Edge? Which one would be more secure? IreneOver the past five years or so, I feel the consensus has changed to using apps. However, ...
Southern tried to run too many trains on poor infrastructure: report image
Source : Guardian [Read Article] Thursday 22nd of June 2017 09:33:08 AM
Southern rail was attempting to run too many trains on poor and unreliable infrastructure, a delayed report into the crisis on Britain’s worst-performing rail network shows.The government-commissioned report by the Network Rail director, Chris Gibb, pins strike action by unions as “the primary cause for system ...
Greek debt: IMF and EU's quick fix isn't enough | Mohamed El-Erian image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:29:31 AM
The International Monetary Fund has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – that would allow Greece to avoid a payment default next month on debt owed to European creditors. The reprieve also gives the IMF and ...
Imagination puts itself up for sale amid Apple dispute image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:03:55 AM
Shares in British chip designer Imagination Technologies rallied 20% after the company, which is in dispute with Apple, put itself up for sale.The Hertfordshire firm, which designs the graphics processors used in smartphones and other electronic devices, suffered a major blow this year when Apple, its ...
George Clooney sells his tequila company for up to $1bn image
Source : Guardian [Read Article] Thursday 22nd of June 2017 07:40:41 AM
A tequila company co-founded by George Clooney has been sold to UK drinks firm Diageo for up to $1bn (£790m).The company behind Smirnoff, Johnnie Walker and Baileys announced it would buy Casamigos, created four years ago by the American actor, together with Cindy Crawford’s husband Rande ...
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UK factory orders jump and eurozone confidence hits 16-year high – as it happened image
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A guide to tenants' housing rights around safety and repairs image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:19:30 AM
In the aftermath of a shocking disaster like the Grenfell Tower fire, social housing tenants, including those who rent from private landlords, as well as from housing associations, councils or other registered housing providers, will be asking questions about their own homes and wondering where to ...
Google and Facebook 'will lose millions in ads over extremism fears' image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:14:48 AM
Advertisers will pull hundreds of millions of pounds in spending from Google and Facebook this year over concerns about ads running next to inappropriate content such as extremist sites and fake news.Sir Martin Sorrell’s GroupM, which buys more than $75bn (£60bn) of advertising space on behalf ...
Will I be taxed if I sell my house, which I rented out, and buy a new one to live in? image
Q Could you please help? In 1984, I purchased a house and lived there with my late wife until August 2015. I then rented the house out and moved in with a friend as I didn’t want to live there anymore (too many memories). I would ...
Plant nursery continues to nurse customer grudges image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:59:29 AM
Earlier this month, HM of London wrote in about the intemperate response from the online nursery scentedgeraniums.co.uk when she questioned the quality of a plug plant.Her experience was a consolation for AC of Lower Chute, Wiltshire. She had been a regular customer for five years when, ...
British farmers warn loss of EU workers will see strawberry prices soar image
Source : Guardian [Read Article] Thursday 22nd of June 2017 12:00:22 AM
The price of British strawberries could rise by more than a third if the UK cannot ensure access to European workers after Brexit, farmers have warned. Producers have called on the government to introduce a permit scheme for seasonal workers to ensure that the expansion of ...
Burberry faces upheaval as chairman signals departure image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:10:12 PM
Further boardroom upheaval is under way at Burberry after the luxury fashion brand revealed its long-standing chairman, Sir John Peace, is planning to leave.Peace has been chair of the FTSE 100 company since it was spun out of GUS in 2002, and has signalled his departure ...
The Guardian view on Uber after Kalanick: only window dressing? | Editorial image
The resignation of Uber’s chief executive Travis Kalanick is a victory for everyone who cares about the way businesses are run, about the duty of corporations to obey the law and of employers to respect and treat fairly their employees. It is a win against the ...
Battersea Power Station developer slashes number of affordable homes image
Source : Guardian [Read Article] Wednesday 21st of June 2017 04:50:02 PM
The developer behind one of London’s biggest luxury property projects has nearly halved the number of affordable homes it plans to build on the site.The £9bn revamp of Battersea Power Station in central London has slashed the number of affordable flats to just 386, a 40% ...
Low wages are 'return to pre-industrial Britain', says Bank of England economist image
The lack of wage growth in Britain’s economy is the result of turning the clock back to the days before the Industrial Revolution when there were no trade unions and self-employment was rife, the chief economist of the Bank of England has suggested.Andy Haldane said the ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies.The prime minister had pledged to cap bills for 17 million families on ...
Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
Tesco is to close a call centre in Cardiff, putting 1,100 jobs at risk.The supermarket chain said that in February it planned to close one of its two call centres which handle customer emails, social media inquiries and phone calls. About 250 jobs will be created ...
From Glastonbury to Benicassim: A beginner's guide to festival finance image
Source : Independent [Read Article] Wednesday 21st of June 2017 12:53:06 PM
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Bank of England rift as chief economist ponders interest rate rise image
Source : Guardian [Read Article] Wednesday 21st of June 2017 11:09:59 AM
Signs of a deepening rift on the Bank of England’s monetary policy committee have emerged after Threadneedle Street’s chief economist revealed he seriously considered opposing the governor, Mark Carney, and voting for an interest rate rise earlier this month.Just 24 hours after Carney said the state ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
The government’s spending deficit is on course to worsen this year as official figures show the economic slowdown is beginning to take a toll on the UK’s public finances.As ministers struggle with demands for higher spending on health, police and social care, the Office for National ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
Travis Kalanick has resigned as chief executive of Uber – too late and without an admission of personal responsibility for the many scandals that have engulfed the ride-hailing firm he helped to found. If Uber was a normal public company, subject to even a gentle governance ...
Homes for £250,000 – in pictures image
Source : Guardian [Read Article] Wednesday 21st of June 2017 09:52:27 AM
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Tories' 30-hour free childcare plan fails to target poor families, says expert image
The government’s plan to provide 30 hours’ free childcare has been criticised by a leading global education expert for failing to target the most disadvantaged families whose children stand to gain the most.Andreas Schleicher, education director of the Organisation for Economic Co-operation and Development (OECD), welcomed ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
In all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth trend continued. The figures are stark, particularly so in the UK, but also across the OECD. And ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
It’s a hot day in New York City. You’re thirsty, but your water bottle is empty. So you walk into a store and place your bottle in a machine. You activate the machine with an app on your phone, and it fills your bottle with tap ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
Uber co-founder Travis Kalanick has resigned from his position as chief executive of the $68bn ride-hailing app following a tumultuous six months of scandal.Kalanick stepped down in the face of pressure from five of Uber’s largest investors, according to the New York Times. Kalanick will, however, ...
I flew with Austrian Airlines between two high-security airports … without trace image
In March I flew on an Austrian Airlines flight from Vienna to Brussels. I checked in online and went through passport control and all the security checks before boarding. Two days later I tried to check in online for my return flight, but couldn’t. At the ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
High prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank.The number of home sales in England and Wales fell by 7% in 2016 ...
Record low interest rates send house prices SOARING for homeowners image
Source : Daily Express [Read Article] Wednesday 21st of June 2017 12:01:00 AM
Owners have seen the value of their properties doubling in some areas of the country while the average rise is £60,000 since the Bank of England dropped the base rate to its historic low of 0.5 per cent in March 2009 and then to 0.25 per ...
SFO has clear public interest in pursuing Barclays case | Nils Pratley image
One idea doing the rounds in the City needs to be knocked on the head. It is the notion that the Serious Fraud Office should have let whatever sleeping dogs there might be lie in the Barclays case.This argument holds that, whatever went on with the ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
Barclays has paid out an estimated £18bn in bonuses since 2008, the year it raised almost £12bn to bolster its financial position and avoid a taxpayer bailout.Paul Myners, who was City minister at the time of the 2008 crisis, told BBC Radio 4’s Today Programme that ...
Government inspectors should enforce workers’ rights, says Law Society image
Government-backed inspectors should be able to investigate companies and entire industries to prevent unscrupulous companies falsely labelling workers as self-employed, according to a leading legal body.In a submission to the independent review of employment practices led by Matthew Taylor, the Law Society also recommends the immediate ...
Fox’s £11.7bn bid for Sky ‘should be referred to competition authorities’ image
Labour’s deputy leader, Tom Watson, has called on the culture secretary to refer Rupert Murdoch’s proposed £11.7bn takeover of Sky to the competition authorities for further scrutiny.The media regulator, Ofcom, delivered the conclusions of its investigation into the deal to the Department for Culture, Media and ...
Exxon, BP and Shell back carbon tax proposal to curb emissions image
Source : Guardian [Read Article] Tuesday 20th of June 2017 04:32:21 PM
Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change.The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports.British Gas’s owner, Centrica, said it was permanently closing the Rough facility off the Yorkshire coast because it ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
Barclays bank and four of its former senior staff have been charged by the Serious Fraud Office with conspiracy to commit fraud and the provision of unlawful financial assistance, in the biggest case since the credit crunch. The former bankers include Barclays’ former chief executive John ...
Tesco home delivery customers left fuming over computer glitch image
Source : Guardian [Read Article] Tuesday 20th of June 2017 11:25:52 AM
Thousands of Tesco customers have had online orders cancelled after a computer glitch.Britain’s biggest supermarket said on Tuesday up to 10% of orders had been affected, with the issue affecting customers nationwide.A Tesco spokeswoman said: “We’re experiencing an IT issue which is affecting some grocery home ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
Carmakers have called on ministers to keep the UK in the EU single market and customs union for at least five years or risk permanent damage to the industry.The Society of Motor Manufacturers and Traders told the government on Tuesday it was time to be pragmatic ...
Derby-based Bombardier beats German rival to £900m train contract image
Source : Guardian [Read Article] Tuesday 20th of June 2017 09:01:04 AM
British industry has received a boost from a £900m train order that once looked destined for Germany but is instead going to the Bombardier plant in Derby, safeguarding about 2,500 skilled jobs.A fleet of 90 commuter trains for the South Western franchise will be built at ...
Don't believe the hype: the downside of being the next big thing image
Source : Guardian [Read Article] Tuesday 20th of June 2017 09:00:00 AM
The history of business is littered with the debris of companies that fell prey to hype, usually of their own making. From New Coke to the Apple Newton, many have found that a wave of hype often propels an idea only so far until it is ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
A Brexit deal that puts jobs and prosperity first is the only way the UK will be able to deliver the strong growth that will enable it finally to escape from the long years of austerity, the chancellor has said.In his strongest call yet for a ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
Fears that the start of Brexit negotiations will damage the economy mean that interest rates should remain at their record-low level, the governor of the Bank of England has said.Mark Carney said he would want to see how businesses, financial markets and consumers reacted to the ...
Senior Barclays bankers charged with fraud over credit crunch fundraising image
Four former Barclays executives could face lengthy jail sentences after the Serious Fraud Office charged them and the bank with fraud over the way Barclays raised billions of pounds from Qatar at the height of the financial crisis.The SFO charged former Barclays chief executive John Varley ...
I need the right KnowHow to fix my son’s laptop image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:00:03 AM
Back in January 2016 I bought a HP laptop for my son from Curry’s/PC World for £440. Since then I have been paying £5.50 a month for its KnowHow service agreement. When, after six months, it stopped working I took it in for repair. It came back ...
Property owners' £2.3tn windfall 'has created huge inequality gap' image
Source : Guardian [Read Article] Tuesday 20th of June 2017 05:01:01 AM
A £2.3tn windfall for those lucky enough to own their own homes during the property boom of the 1990s and early 2000s has opened up a deep and widening inequality gap between the generations, a thinktank has warned. Rising house prices that have enriched older generations ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
Business group the CBI has warned the UK economy will shift down a gear as Brexit talks get under way and households are squeezed by rising prices.However, the cautious outlook was accompanied by an increase in the CBI’s growth forecasts for this year and next, due ...

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