Business news

• HSBC braced for grilling over Beijing links by key investors

  26-07-2020 22:43 via uk.finance.yahoo.com
  
  HSBC is preparing to fend off a barrage of questions over its relationship with Beijing when it speaks to investors next week, as bosses fight to stay out of a diplomatic stand-off with the West. Europe’s biggest bank is set for a grilling when it reports first-half results on Aug 3. At the weekend, the lender issued a statement via Chinese social media app WeChat denying claims it had tried to frame telecoms firm Huawei for breaking US sanctions following criticism in the communist regime
  
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• Half of manufacturers to bring work home after coronavirus exposes flaws in global trade

  26-07-2020 22:35 via uk.finance.yahoo.com
  
  Almost half of British manufacturers are planning to rely more on UK suppliers in future after coronavirus exposed major flaws in global trade. In total, 46pc of companies surveyed by trade body MakeUK said they planned to bring work back home over the next two years. The proposals offer a small ray of hope amid rising concerns about mass layoffs, with a record 23pc of smaller companies already forced to cut jobs in the past three months, according to a separate survey by the Federation of Small
  
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• Trade groups warn of Brexit paperwork pile-up

  26-07-2020 22:29 via uk.finance.yahoo.com
  
  Trade groups have warned over a crippling shortage of customs agents as they brace for a deluge of Brexit paperwork from January. Duncan Buchanan of the Road Haulage Association warned there was no longer time to train agents to the right standard – potentially sparking chaos at the borders. Ministers said earlier this year that about 50,000 more private sector staff would be needed to meet customs demand when Britain left the single market, although this could be lower if a trade deal was
  
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• Airlines face crackdown over coronavirus refunds

  26-07-2020 22:10 via uk.finance.yahoo.com
  
  Airline regulators are expected to this week launch a crackdown on carriers which have failed to refund families for flights cancelled due to coronavirus, as the industry reels from new restrictions over Spain. The Civil Aviation Authority is understood to have drawn up a list of the worst culprits, with millions of customers still owed billions of pounds after being told they could not fly. Enforcement action could end up with airlines being banned from operating in the UK. An announcement has
  
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• Double glazing firms hit out over Sunak's insulation plans

  26-07-2020 21:53 via uk.finance.yahoo.com
  
  Double-glazing salesmen say Rishi Sunak’s green homes giveaway has backfired and put more than 10,000 jobs at risk. The Green Homes Grant Scheme was announced earlier this month but will not come into force until September, landing a massive blow on the industry because potential buyers are holding off until it starts, bosses said. Homeowners and landlords will be able to claim up to £5,000 for work to improve the energy efficiency of their property, with £10,000 grants availab
  
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• Top cop criticised for failing to disclose husband's Hargreaves Lansdown link

  26-07-2020 21:36 via uk.finance.yahoo.com
  
  Bristol’s police commissioner has been accused of a conflict of interest after failing for years to disclose her husband’s position on the board of a major shareholder in Lloyds – despite long-running claims of malpractice by the bank. Sue Mountstevens did not announce the connection until last year, seven years after she was first elected as Police and Crime Commissioner for Avon and Somerset. The force has long been dogged by accusations it failed to properly investigate clai
  
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• Boohoo plans ‘model factory’ to counter low-pay criticism

  26-07-2020 20:12
  Initiative follows backlash over Leicester suppliers paying less than half minimum wage
  
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• Covid-19 to compound GFC’s lasting impact on young Australians’ pay and career progression – study

  26-07-2020 19:30 via uk.finance.yahoo.com
  
  Covid-19 to compound GFC’s lasting impact on young Australians’ pay and career progression – studyProductivity Commission report finds young people were struggling to find jobs long before the pandemic
  
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• Women board members increase businesses' profits tenfold, report finds

  26-07-2020 19:16 via uk.finance.yahoo.com
  
  Companies with greater numbers of female board members bring in 10 times greater profits, a study has revealed. The research found that executive committees composed of more than a third of women have a net profit margin of 15.2 per cent, while those with none make just 1.5. The ‘Women Count 2020’ report claims that this performance gap is costing the UK economy a potential £47 billion of pre-tax profit. Lorna Fitzsimons, co-founder of The Pipeline, which commissioned the repor
  
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• How coffee VAT cuts have affected UK cities differently

  26-07-2020 19:05 via uk.finance.yahoo.com
  
  The average latte costs Brits 13p less now, thanks to new VAT cuts — but some cities are saving more than others.
  
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• Scotland is tipping in favour of independence

  26-07-2020 19:00
  UK government needs a positive strategy to preserve the union
  
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• Debenhams up for sale in last-ditch bid to avoid liquidation

  26-07-2020 18:47 via uk.finance.yahoo.com
  
  Debenhams up for sale in last-ditch bid to avoid liquidationStruggling department store chain already had £600m debt before coronavirus lockdown
  
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• Boohoo to set up 'model garment factory' in Leicester

  26-07-2020 18:43 via uk.finance.yahoo.com
  
  Boohoo to set up 'model garment factory' in Leicester. Plans announced after claims in July that some workers were being paid £3.50 an hour
  
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• Moderna gets further $472 million U.S. award for coronavirus vaccine development

  26-07-2020 18:30 via uk.finance.yahoo.com
  
  The U.S.-based drug maker said the additional funding will support its late-stage clinical development including the expanded Phase 3 study of Moderna's vaccine candidate.In April, Moderna had received $483 million from the U.S. federal agency that funds disease-fighting technology, when the experimental vaccine was in an early-stage trial conducted by the U.S. National Institutes of Health.
  
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• Coronavirus: Exercise equipment sales spike 5,800% as Brits question returning to the gym

  26-07-2020 16:59 via uk.finance.yahoo.com
  
  Despite gyms reopening in the UK, it seems Brits are debating whether they feel confident returning.
  
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• NatWest customers say accounts were closed after they applied for coronavirus loans

  26-07-2020 16:51 via uk.finance.yahoo.com
  
  NatWest customers say accounts were closed after they applied for coronavirus loansSmall business say funds were blocked after applying for government-backed scheme* Coronavirus – latest updates* See all our coronavirus coverage
  
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• This FTSE 100 ‘fallen giant’ is down 43% in a year. I’d buy this share today!

  26-07-2020 16:50 via uk.finance.yahoo.com
  
  While the FTSE 100 is down 18.9% in the past 12 months, this mega-cap share has crashed by 43.1%. I'd happily buy it at its current price.The post This FTSE 100 'fallen giant' is down 43% in a year. I'd buy this share today! appeared first on The Motley Fool UK.
  
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• Why I think FTSE 100 shares could crash again

  26-07-2020 16:13 via uk.finance.yahoo.com
  
  As fears of a second wave of Covid-19 cases increase, the FTSE 100 index remains unsettled. I believe investors should concentrate on long-term goals.The post Why I think FTSE 100 shares could crash again appeared first on The Motley Fool UK.
  
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• The UK must prioritise levelling up if the economy is to get back on its feet

  26-07-2020 15:19 via uk.finance.yahoo.com
  
  The UK must prioritise levelling up if the economy is to get back on its feetBoris Johnson’s tenure will be coloured by the Covid-19 economic recovery but urgent fixes are needed now
  
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• Forget levelling up, the UK economy must first drag itself back up on to its feet

  26-07-2020 15:19 via uk.finance.yahoo.com
  
  Forget levelling up, the UK economy must first drag itself back up on to its feet. Boris Johnson’s tenure will be coloured by the Covid-19 economic recovery but urgent fixes are needed now
  
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• Carmelo Anthony claims his year away mentally prepared him for life inside NBA bubble

  26-07-2020 14:30 via ibtimes.co.uk
  
  Anthony already experienced an abrupt change in lifestyle during his personal hiatus.
  
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• Week Ahead: Brexit negotiations, US central bank meetings, key company results

  26-07-2020 14:26 via uk.finance.yahoo.com
  
  A raft of data is due, showing unemployment numbers across Europe and the US, as well as economic sentiment and GDP.
  
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• Tui cancels all holidays in mainland Spain for Britons

  26-07-2020 14:17 via uk.finance.yahoo.com
  
  Tui cancels all holidays in mainland Spain for Britons. Operator says all holidays up to and including Sunday 9 August will not go ahead after UK quarantine decision
  
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• Half of UK homeowners to apply for goverment's Green Energy Grant

  26-07-2020 14:11 via uk.finance.yahoo.com
  
  More than half of UK homeowners are planning to apply for the government’s new Green Energy Grant, research suggests.
  
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• Friendly fraud: What is it and how can businesses help prevent it

  26-07-2020 14:08 via uk.finance.yahoo.com
  
  Figures suggest that the rise in this type of fraud is due to online shopping and card-less transactions becoming increasingly common in society.
  
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• LA Clippers player Lou Williams in trouble after lying about whereabouts outside the NBA bubble

  26-07-2020 14:07 via ibtimes.co.uk
  
  Williams is believed to have visited a gentleman's club with rapper Jack Harlow.
  
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• New York Knicks finalising deal to sign Tom Thibodeau as head coach

  26-07-2020 13:39 via ibtimes.co.uk
  
  The Knicks management is looking for the right man to rebuild the struggling team.
  
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• Stock market crash: 2 of the best UK shares I’d buy in an ISA to get rich and retire early

  26-07-2020 13:21 via uk.finance.yahoo.com
  
  Looking to get rich from UK shares? Royston Wild explains why the stock market crash provides a brilliant buying opportunity for shrewd investors.The post Stock market crash: 2 of the best UK shares I’d buy in an ISA to get rich and retire early appeared first on The Motley Fool UK.
  
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• Nightingale investment before pandemic would have made NHS resilient

  26-07-2020 13:00
  If the £1.5bn was spent earlier it could have freed the equivalent of 28,000 beds, says think-tank
  
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• Branded printer ink more expensive than 32-year-old Scotch Whisky

  26-07-2020 12:51 via uk.finance.yahoo.com
  
  Most Brits buy branded ink for their printer rather than go for much cheaper alternatives.
  
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• Forget buy-to-let! I’d make a million from the best UK property shares

  26-07-2020 12:32 via uk.finance.yahoo.com
  
  I think buying the best UK property shares is a superior way of building wealth than investing in buy-to-let. Here’s why.The post Forget buy-to-let! I’d make a million from the best UK property shares appeared first on The Motley Fool UK.
  
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• £10k to invest? I think these FTSE 100 stocks could make you rich

  26-07-2020 12:10 via uk.finance.yahoo.com
  
  If you have £10k or any other amount to invest today, buying these 2 FTSE 100 stocks that are profiting from large tailwinds could be a great decision.The post £10k to invest? I think these FTSE 100 stocks could make you rich appeared first on The Motley Fool UK.
  
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• Looking for UK shares to buy? I’d start with these FTSE stocks

  26-07-2020 11:59 via uk.finance.yahoo.com
  
  With FTSE 100 prices falling, now could be a great time to buy UK shares to benefit from the likely long-term recovery of the economy. The post Looking for UK shares to buy? I’d start with these FTSE stocks appeared first on The Motley Fool UK.
  
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• Gareth Bale's situation at Real Madrid unsatisfactory for everyone, says Toni Kroos

  26-07-2020 11:58 via ibtimes.co.uk
  
  The Welshman was left out of manager Zinedine Zidane's squad for most of the season.
  
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• The Aviva share price is down 30% this year. Here’s what I’d do now

  26-07-2020 11:40 via uk.finance.yahoo.com
  
  The Aviva share price is just too cheap, but the arrival of a new CEO could be the catalyst needed for a re-rating, says Roland Head.The post The Aviva share price is down 30% this year. Here's what I'd do now appeared first on The Motley Fool UK.
  
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• Tui cancels holidays to Spain after government's quarantine U-turn

  26-07-2020 11:37 via uk.finance.yahoo.com
  
  This means that from Sunday anyone arriving back to the UK from Spain and the islands will need to self-isolate for 14 days.
  
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• Coronavirus: Brits confused by how working from home affects home insurance

  26-07-2020 11:34 via uk.finance.yahoo.com
  
  Insurance firms need to do more to communicate with customers during the pandemic, study finds.
  
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• Manchester City vs. Real Madrid UCL match faces venue change as UK imposes new quarantine rules

  26-07-2020 11:24 via ibtimes.co.uk
  
  The second leg of the round-of-16 clash was originally meant to be played at the Etihad Stadium in Manchester.
  
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• These are the stocks ISA millionaires are buying today, and maybe you should too

  26-07-2020 11:20 via uk.finance.yahoo.com
  
  Want to learn the secrets of what ISA millionaires are buying? There's really no mystery, and here's how you can do the same.The post These are the stocks ISA millionaires are buying today, and maybe you should too appeared first on The Motley Fool UK.
  
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• Biden's path to the White House could hit a dead end on Facebook

  26-07-2020 11:00 via uk.finance.yahoo.com
  
  Biden's path to the White House could hit a dead end on Facebook. Mark Zuckerberg’s autocratic nature and fear of anti-trust legislation might see him plump for Trump in the race for president
  
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• As working from home becomes the new normal … know your rights

  26-07-2020 11:00 via uk.finance.yahoo.com
  
  As working from home becomes the new normal … know your rights. Many staff won’t be going back into the office until next year. Here we answer the important questions employers and employees face
  
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• UK shares I think will provide better returns than Tesla

  26-07-2020 10:44 via uk.finance.yahoo.com
  
  The Tesla share price is rocketing up but could these shares do even better in the coming years? The post UK shares I think will provide better returns than Tesla appeared first on The Motley Fool UK.
  
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• This thing could put a rocket under the ASOS share price

  26-07-2020 10:37 via uk.finance.yahoo.com
  
  Here’s a compelling reason why there could be a powerful tailwind behind the ASOS share price. I’m watching it like a hawk right now!The post This thing could put a rocket under the ASOS share price appeared first on The Motley Fool UK.
  
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• Can virtual reality really get you fit?

  26-07-2020 10:30 via uk.finance.yahoo.com
  
  Can virtual reality really get you fit?Our writer dons a headset and turns boxer, air guitarist and saber wielder in a bid to shake off his lockdown lassitude
  
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• ‘Red wall’ Tory MPs demand support for aerospace amid fears for 30,000 jobs

  26-07-2020 10:24 via uk.finance.yahoo.com
  
  ‘Red wall’ Tory MPs demand support for aerospace amid fears for 30,000 jobs. Labour accuses Conservatives of failing to deliver on promises to people in seats gained in landslide victory
  
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• Forget Bitcoin! I’d buy the best UK shares to get rich after the stock market crash

  26-07-2020 10:12 via uk.finance.yahoo.com
  
  I think the best undervalued UK shares could offer a superior risk/reward investing opportunity than Bitcoin after the stock market crash.The post Forget Bitcoin! I’d buy the best UK shares to get rich after the stock market crash appeared first on The Motley Fool UK.
  
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• Stock market crash: 1 of the best UK shares I’d buy in an ISA to make a million

  26-07-2020 10:07 via uk.finance.yahoo.com
  
  Looking to get rich from UK shares? The 2020 stock market crash provides a buying opportunity that's too good to miss, reckons Royston Wild.The post Stock market crash: 1 of the best UK shares I’d buy in an ISA to make a million appeared first on The Motley Fool UK.
  
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• Forget Marks and Spencer! I’d buy into the Tesco share price instead

  26-07-2020 09:01 via uk.finance.yahoo.com
  
  The Tesco share price has outperformed Marks and Spencer over the past five years, and it could continue to yield large gains. The post Forget Marks and Spencer! I'd buy into the Tesco share price instead appeared first on The Motley Fool UK.
  
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• Yaël Eisenstat: 'Facebook is ripe for manipulation and viral misinformation'

  26-07-2020 09:00 via uk.finance.yahoo.com
  
  Yaël Eisenstat: 'Facebook is ripe for manipulation and viral misinformation'. The ex-CIA officer on why she lasted only six months at the tech giant and her fears about its role in the forthcoming US election
  
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• Forget buy-to-let! I’d buy this UK share and its BIG dividends to make a million

  26-07-2020 08:46 via uk.finance.yahoo.com
  
  Why put up with the expense and aggravation of buy-to-let? Royston Wild discusses a UK share that's a much better way to play the rentals market.The post Forget buy-to-let! I’d buy this UK share and its BIG dividends to make a million appeared first on The Motley Fool UK.
  
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