Business news

• Coronavirus: Treasury could raise £421bn with tax on rising house prices

  23-07-2020 23:30 via uk.finance.yahoo.com
  
  The Treasury should tackle potentially debt resulting from the coronavirus crisis by introducing a 'property capital gains tax'.
  
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• Intel says new chip technology is six months behind, shares drop 9%

  23-07-2020 22:13 via uk.finance.yahoo.com
  
  Intel's 7nm manufacturing delays extend the lead in the smaller, faster chip technology held by TSMC and will likely benefit rivals Advanced Micro Devices Incand Nvidia Corp .Intel is the top supplier for processors for PCs and data centers, but rivals such as Nvidia and Taiwan Semiconductor Manufacturing Co Ltdare challenging the logic of Intel's business model as a designer and maker of its own chips.
  
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• Intel chip delay forces shift to using more outside factories, shares drop

  23-07-2020 22:13 via uk.finance.yahoo.com
  
  Intel shares fell 9%.The setbacks will have little effect in the next few quarters, but will cause a years-long domino effect, delaying chips meant to counter the rise of rivals Advanced Micro Devices Incand Nvidia Corpuntil late 2021 or even 2023.Intel's 7nm delays extend the lead in the smaller, faster chip technology held by Taiwan Semiconductor Manufacturing Co Ltd , which is now expected to remain at least one generation of technology ahead for years to come.
  
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• Mike Ashley's Frasers Group challenges minimum wage claims

  23-07-2020 22:04 via uk.finance.yahoo.com
  
  Mike Ashley's Frasers Group, which includes Sports Direct and House of Fraser, has insisted that it takes workplace conditions “very seriously” after reports that unpaid breaks might mean some of its staff are not paid enough. “We consider on advice that it is extremely unlikely that anyone employed by us has been underpaid because of the treatment of unpaid rest breaks,” the company added as part of a statement to the market. The remarks came after a report in The Guardi
  
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• Crossrail opening delayed further due to coronavirus pandemic

  23-07-2020 21:59 via uk.finance.yahoo.com
  
  The board of the troubled railway said the impact of Covid-19 had 'made the existing pressures more acute'.
  
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• Italy's UBI says Intesa's offer still too low

  23-07-2020 21:32 via uk.finance.yahoo.com
  
  Italy's fifth-largest bank UBI Bancaon Thursday rejected a sweetened takeover offer by rival Intesa Sanpaolo , saying it still failed to reflect UBI's real value and adequately reward its shareholders.In an effort to boost take-up after meeting resistance among UBI's core shareholders, Intesa last week said it would offer 0.57 euros in cash in addition to 1.7 new Intesa shares for each UBI share tendered.Intesa, which had previously ruled out improving the bid, will spend up to 652 million euros
  
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• Italy's UBI rejects Intesa's improved takeover offer

  23-07-2020 21:32 via uk.finance.yahoo.com
  
  UBI Bancaon Thursday rejected a sweetened takeover bid by rival Intesa Sanpaolo , saying it still failed to reflect the real value of Italy's fifth-largest bank and adequately reward its shareholders.Intesa and UBI have engaged in a bitter tit-for-tat over what would be one of Europe's biggest banking mergers since the global financial crisis.In an effort to win over UBI's core shareholders, Intesa last week said it would offer 0.57 euro in cash in addition to 1.7 new Intesa shares for each UBI
  
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• Elon Musk's SpaceX in talks to raise funds at $44bn valuation

  23-07-2020 20:27 via uk.finance.yahoo.com
  
  Elon Musk's personal wealth is set to soar again by as much as $6bn (£4.7bn) thanks to a new investment round that could reportedly value his company SpaceX at $44bn. The colourful tech mogul, whose net worth has already more than tripled since the start of this year, is in talks with investors to raise about $1bn at a price of $270 per share, according to Bloomberg News. If completed on those terms, such a deal would propel the value of Mr Musk's stake from $18bn to just under $24bn &ndas
  
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• Ex-Barclays banker's offensive remarks released

  23-07-2020 20:25 via bbc.co.uk
  
  Documents released during a High Court action reveal more offensive comments about financier Amanda Staveley.
  
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• Manchester United resume director of football search but transfer strategy set to remain unaffected

  23-07-2020 20:18 via uk.finance.yahoo.com
  
  Manchester United are resuming their hunt for a director of football - but the appointment will not be given overriding power on transfers.Executive vice-chairman Ed Woodward has decided to step up his search for a football figure to work between the playing side of the club and the board - two years after first planning to create the role.
  
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• Apple faces deceptive trade practices probe by multiple U.S. states - document

  23-07-2020 20:04 via uk.finance.yahoo.com
  
  The Texas attorney general may sue Apple for violating the state's deceptive trade practices law in connection with the multi-state investigation, according to the document, which was obtained by the Tech Transparency Project.The document did not provide additional details.The office of the Texas attorney general declined to comment.
  
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• The Funniest Royal Family Moments: Part 2

  23-07-2020 19:46 via uk.finance.yahoo.com
  
  It's not always the royal children making us laugh.. sometimes it's the adults that get us giggling too. From Harry's singing to Prince Charles' turn as a weatherman - here are some of our favourite comedy royal moments.
  
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• Dyson to cut 900 jobs as coronavirus changes customer habits

  23-07-2020 19:39
  Two-thirds of reductions will be in UK, mostly in retail and customer service
  
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• China's DJI drones collecting 'unnecessary data' from owners phones

  23-07-2020 19:34 via uk.finance.yahoo.com
  
  Cyber security researchers have warned that DJI, a drone manufacturer used by British police, may be collecting unnecessary amounts of information from users’ phones, presenting a potential security concern. French and American researchers at Synacktiv and GRIMM also found, in two separate reports, that the Android app used to power DJI drones was also able to bypass the Google Play store, which vets apps and updates to make sure they are safe to use on phones. This behaviour, the research
  
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• Halo Infinite revealed alongside Fable teaser in Xbox Series X game showcase

  23-07-2020 19:32 via uk.finance.yahoo.com
  
  Microsoft's next generation console is set for release during the Christmas period.
  
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• Elon Musk's SpaceX in talks to raise funds at $44 billion valuation - Bloomberg News

  23-07-2020 19:32 via uk.finance.yahoo.com
  
  The company is in discussions with investors about raising about $1 billion at a price of $270 a share, Bloomberg News reported, citing people familiar with the matter.SpaceX did not immediately respond to Reuters' request for comment.
  
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• Weekly cut of $150 to jobseeker coronavirus supplement will throw 370,000 Australians into poverty

  23-07-2020 19:30 via uk.finance.yahoo.com
  
  Weekly cut of $150 to jobseeker coronavirus supplement will throw 370,000 Australians into poverty. Supplement ‘only thing standing between many recently jobless Australians and poverty’, Australia Institute thinktank says
  
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• Germany plans regulatory overhaul after Wirecard scandal - newspaper

  23-07-2020 19:30 via uk.finance.yahoo.com
  
  German Finance Minister Olaf Scholz is seeking a regulatory overhaul to avoid a repeat of the supervisory failures that allowed Wirecard build up a 2 billion euro hole in its accounts before collapsing last month, Sueddeutsche Zeitung reported.The proposals, contained in a draft seen by the newspaper on Thursday, involve a relaxation of rules preventing the body that regulates auditors from informing the Finance Ministry if they find any irregularities.Wirecardcollapsed in June after EY, its aud
  
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• Neowise comet makes closest approach to Earth – here’s how to see it

  23-07-2020 19:28 via uk.finance.yahoo.com
  
  The comet Neowise has made its closest pass of Earth, giving skygazers around the world the best chance to view the celestial visitor.It is one of the few comets this century that can be seen with the naked eye, and has been visible throughout the month of July.
  
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• Unemployment's second wave? Stodgy reopening, virus surge may undercut U.S. jobs

  23-07-2020 19:25 via uk.finance.yahoo.com
  
  About 32 million are collecting weekly unemployment benefits that may be drastically curtailed in coming weeks when expanded federal payments expire, a further blow to the economy's spending power during the ongoing pandemic recession.The economy did add more than 7 million jobs in May and June as firms brought workers back from furloughs and hired anew on hopes the coronavirus was controlled and the economy on the verge of a steady rebound.
  
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• Clint Eastwood sues CBD manufacturers for falsely claiming he endorsed products

  23-07-2020 19:17 via uk.finance.yahoo.com
  
  Clint Eastwood is suing cannabis oil manufacturers that he claims have been fraudulently using his likeness to sell their products. The 90-year-old actor and director said his name was wrongly used in adverts promoting cannabidiol, or CBD oil, and other products containing an ingredient derived from the cannabis plant. In the first of two lawsuits filed in California, Eastwood claims the companies produced false news stories claiming he was retiring from the film industry to focus on his CBD bus
  
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• Atlantia investor TCI accuses Italy of 'expropriation' in Autostrade deal

  23-07-2020 19:10 via uk.finance.yahoo.com
  
  TCI Fund Management, an investor in Italian infrastructure group Atlantia , accused Rome of an "illegitimate expropriation" of Atlantia's motorways unit Autostrade per l'Italia.In a letter sent to Italy's Treasury on July 20 and seen by Reuters, the activist investor said the government had violated the principles of legal certainty and proportionality in its handling of the case.The letter came after the government ordered Atlantia to sell down its stake in Autostrade, giving up control to stat
  
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• Latest spending data shows pause in UK economic recovery

  23-07-2020 19:09
  Consumers stay cautious despite easing of lockdown for some sectors, according to figures from BoE and on card payments
  
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• Coronavirus: in which shops do I have to wear face masks in England?

  23-07-2020 19:06 via uk.finance.yahoo.com
  
  Coronavirus: in which shops do I have to wear face masks in England?. New rules apply from Friday requiring face coverings to be worn in many places and carrying a £100 fine if ignored
  
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• TikTok: US investors reportedly keen to buy Chinese-owned app to avert Trump ban

  23-07-2020 19:05 via uk.finance.yahoo.com
  
  TikTok: US investors reportedly keen to buy Chinese-owned app to avert Trump ban* White House considering action against Chinese-owned app* Trump campaign ads suggest TikTok ‘spying’ on US users
  
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• Is Nokia a great growth stock for UK investors to buy?

  23-07-2020 18:56 via uk.finance.yahoo.com
  
  The UK's government decided to ban Huawei's 5G equipment. Nokia is expected to fill the gap. Is Nokia stock a buy? Anna Sokolidou tries to find out.The post Is Nokia a great growth stock for UK investors to buy? appeared first on The Motley Fool UK.
  
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• U.S. says son of ex-Nissan boss Ghosn made cryptocurrency payments for escape from Japan

  23-07-2020 18:55 via uk.finance.yahoo.com
  
  The son of former Nissan Motor Cochairman Carlos Ghosn made about $500,000 (393,143 pounds) in cryptocurrency payments to one of the two Massachusetts men who helped him escape from Japan, U.S. prosecutors said in a court filing.Federal prosecutors in filing late on Wednesday said the payments went to Peter Taylor after he and his father, U.S. Army Special Forces veteran Michael Taylor, helped Ghosn flee in a box and private jet to avoid facing financial charges.
  
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• Ireland boosts economy with grants, subsidies and 'staycation vouchers'

  23-07-2020 18:44 via uk.finance.yahoo.com
  
  Ireland will hand firms hit by the COVID-19 crisis more generous grants, extend a wage-subsidy scheme keeping many afloat and aim to boost domestic tourism with "staycation vouchers" as part of a fresh stimulus package announced on Thursday.Ireland has reopened its economy at a slower pace than most EU countries and last week delayed the final phase until Aug. 10 as an infection rate that still remains among the lowest in the bloc crept up a touch.The package comes on top of an estimated 9 billi
  
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• Will the Ml System Sa (WAR:MLS) share price keep rising?

  23-07-2020 18:32 via uk.finance.yahoo.com
  
  Despite the market volatility, shares in Ml System Sa (WAR:MLS) have been in an uptrend in recent months. The question now for investors is whether that price...
  
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• Why Vicinity Centres could appeal to contrarian value investors

  23-07-2020 18:29 via uk.finance.yahoo.com
  
  Contrarian value investors are always on the look-out for shares that the market has overlooked. In times of economic uncertainty - when stock prices become er...
  
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• Should holders of Sinopharm Co expect a dividend payout?

  23-07-2020 18:29 via uk.finance.yahoo.com
  
  Dividend payouts are a vital part of the return that investors get from owning stocks over time. Given the volatility in financial markets caused by Covid howe...
  
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• Jh Educational Technology Inc (HKG:1935) price about to hit new 52-week high

  23-07-2020 18:29 via uk.finance.yahoo.com
  
  The good news for any holders of Jh Educational Technology Inc (HKG:1935) is that the price is currently trading close to a 52 week high, with the share price...
  
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• FTSE 100 edges into red on subdued trading day

  23-07-2020 18:29 via uk.finance.yahoo.com
  
  London’s top flight closed 4.34 points higher at 6,211.44p at the end of trading on Thursday.
  
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• Putting deadline on trade talks with US would be ‘dangerous’, says Truss

  23-07-2020 18:28
  UK trade secretary tells peers Britain will not sacrifice a good deal for the sake of speed
  
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• Why Vassilico Cement Works Pcl could be well placed to recover from volatility

  23-07-2020 18:27 via uk.finance.yahoo.com
  
  Quality and value are two of the most powerful drivers of stock market profits. After the economic turmoil and market volatility we've seen in 2020, it's possi...
  
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• Why the Cullen/frost Bankers Inc dividend deserves a closer look

  23-07-2020 18:27 via uk.finance.yahoo.com
  
  Dividend payouts are a vital part of the return that investors get from owning stocks over time. Whether you're after large-cap cash cows or small-cap growth s...
  
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• Should holders of Bharti Infratel expect a dividend payout?

  23-07-2020 18:27 via uk.finance.yahoo.com
  
  Dividend payouts are a vital part of the return that investors get from owning stocks over time. Given the volatility in financial markets caused by Covid howe...
  
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• Can Southwest Airlines Co withstand the coronavirus chaos?

  23-07-2020 18:27 via uk.finance.yahoo.com
  
  Shares in Southwest Airlines Co (NYQ:LUV) are currently trading at 33.3036 but a key question for investors is how the economic uncertainty caused by Covid-19...
  
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• Why the market might have got the Wyndham Destinations Inc share price wrong

  23-07-2020 18:26 via uk.finance.yahoo.com
  
  Good shares at cheap prices are what the very best investors look for. At this time of economic turmoil and market volatility, could Wyndham Destinations Inc (...
  
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• Disentangling the effect of Covid-19 on Genmab A/s's share price

  23-07-2020 18:26 via uk.finance.yahoo.com
  
  Covid-19 has shaken world markets. One question likely to be on the minds of a lot of investors right now is how economic uncertainty caused by the pandemic wi...
  
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• Austral Gold share price hits a new 52 week high

  23-07-2020 18:25 via uk.finance.yahoo.com
  
  Shares in Austral Gold (ASX:AGD) are currently trading close to a 52 week high, with the share price up by around 9.38% to 0.175 over the past week. On a one-m...
  
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• Are shares in Ever Sunshine Lifestyle Services ready to fly?

  23-07-2020 18:24 via uk.finance.yahoo.com
  
  Shares in Ever Sunshine Lifestyle Services (HKG:1995) are currently trading at 15.1 but a key question for investors is how the economic uncertainty caused by...
  
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• Disentangling the effect of Covid-19 on Sugi Holdings Co's share price

  23-07-2020 18:23 via uk.finance.yahoo.com
  
  Covid-19 has shaken world markets. One question likely to be on the minds of a lot of investors right now is how economic uncertainty caused by the pandemic wi...
  
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• Reasons why the market is watching Intred Spa (BIT:ITD)

  23-07-2020 18:22 via uk.finance.yahoo.com
  
  The Intred Spa (BIT:ITD) share price is currently trading at 8.9. But to try and predict what the price will look like in the next 12 months and beyond, it's w...
  
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• Quality and value are positive signs for Sega Sammy Holdings Inc

  23-07-2020 18:22 via uk.finance.yahoo.com
  
  Shares in Sega Sammy Holdings Inc (TYO:6460) are currently trading at 1300 but a key question for investors is how the economic uncertainty caused by Covid-19...
  
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• Wpg Holdings (TPE:3702) price about to hit new 52-week high

  23-07-2020 18:20 via uk.finance.yahoo.com
  
  The good news for any holders of Wpg Holdings (TPE:3702) is that the price is currently trading close to a 52 week high, with the share price up by around 5.95...
  
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• Face masks confirmed as compulsory in shops and takeaways

  23-07-2020 18:20
  Official guidance provides clarity hours before the new rules come into force
  
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• Why the Firstenergy dividend deserves a closer look

  23-07-2020 18:19 via uk.finance.yahoo.com
  
  Dividend payouts are a vital part of the return that investors get from owning stocks over time. Whether you're after large-cap cash cows or small-cap growth s...
  
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• Can First Midwest Bancorp Inc withstand this economic turmoil?

  23-07-2020 18:19 via uk.finance.yahoo.com
  
  A wave of economic turmoil has washed through the stock market this year, sending investors fleeing for the perceived safety of dependable dividends. Finding t...
  
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• Why quality and momentum are key drivers for Valuecommerce Co

  23-07-2020 18:17 via uk.finance.yahoo.com
  
  An important question for mid-cap investors right now is whether the current market uncertainty caused by Covid-19 will affect the share prices of companies li...
  
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