Business news

• British trade minister pledges to fight 'unfair' U.S. tariffs - The Telegraph

  16-08-2020 23:45 via uk.finance.yahoo.com
  
  "I will fight to consign these unfair tariffs to the bin of history", she wrote https://bit.ly/31YQqDr, while accusing the European Union of failing to protect British and Scottish interests.The U.S. government said last week it would maintain 15% tariffs on Airbusaircraft and 25% tariffs on other European goods as part of a long-running trade dispute, although it held off adding some extra tariffs as it had threatened.
  
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• Fears overcrowding in Wetherspoon pubs may lead to Covid-19 spike

  16-08-2020 23:13 via uk.finance.yahoo.com
  
  Fears overcrowding in Wetherspoon pubs may lead to Covid-19 spikeCustomers in a pub run by chain also not asked for personal details for track and trace system* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Death knell ringing for the supermarket 'bag for life'

  16-08-2020 23:13 via uk.finance.yahoo.com
  
  When supermarkets first ditched standard plastic bags in favour of thicker, more expensive 'bags for life' it was hailed a win for the environment. However, the idea backfired when it became apparent that consumers were failing to reuse them, creating more plastic waste than ever before. In a bid to halt the devastating effect on the environment, one supermarket chain is hoping to abandon plastic bags altogether, replacing them with a 30p paper option. But although the move is considered a step
  
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• Retailers plead for business rates overhaul

  16-08-2020 22:32 via uk.finance.yahoo.com
  
  Retail bosses have made fresh calls for ministers to accelerate a business rates review as the end of the tax holiday looms. Leading voices in the industry, who are part of the Retail Sector Council, have said it is imperative that the Government proceeds with an overhaul of the tax. “Property costs remain crucial issues for the sector. Making longer- term progress on business rates will be essential to give businesses the certainty to make effective investment decisions,” according
  
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• MSC Grandiosa: First Mediterranean cruise launches after five-month pause

  16-08-2020 21:38 via bbc.co.uk
  
  Operator MSC Cruises says everyone aboard has been tested for coronavirus amid safety concerns.
  
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• British Airways A380s fly again

  16-08-2020 21:36 via uk.finance.yahoo.com
  
  British Airways appears to be granting its fleet of giant Airbus A380 jets a stay of execution following the superjumbos’ grounding when coronavirus was at its most fierce. The airline put 12 of the giant aircraft into storage at a French airfield as the pandemic caused demand for air travel to collapse, raising questions about whether such large aircraft would be needed again. However, flight tracking data reveals that one by one BA has been flying the jets back to Heathrow for maintenanc
  
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• Facebook mulls combining Instagram and Messenger chats

  16-08-2020 21:09 via uk.finance.yahoo.com
  
  Facebook is considering merging its chat functions for Instagram and its Messenger app as the technology giant moves to head off regulators in the US who have called for it to be broken up. Instagram’s direct messaging function will become compatible with an- other Facebook-owned app, Messenger, according to technology website The Verge. Users began seeing pop-ups in their apps of the change late last week. An in-app message encouraged users to “chat with friends who use Facebook&rdq
  
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• 'People are hungry for new music after lockdown'

  16-08-2020 20:54 via bbc.co.uk
  
  The music industry nearly ground to a halt as the pandemic gripped the UK, so how have companies coped?
  
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• FTSE treads water as US-China trade talks postponed – live updates

  16-08-2020 20:16 via uk.finance.yahoo.com
  
  FTSE 100 opens flat Japanese economy shrank record 7.8pc in second quarter Petropavlosk names new interim chief executive Rightmove says home sales have reached a record Julian Harris: Covid spending spree cannot last forever Sign up here for our daily business briefing newsletter
  
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• FTSE to open lower after US-China trade talks postponed – live updates

  16-08-2020 20:16 via uk.finance.yahoo.com
  
  Apple allows China's WeChat to break rules FTSE 100 to in the red Asian markets rise Julian Harris: Covid spending spree cannot last forever Sign up here for our daily business briefing newsletter
  
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• FTSE in the red as US-China trade talks postponed – live updates

  16-08-2020 20:16 via uk.finance.yahoo.com
  
  FTSE 100 falls slightly at open Japanese economy shrank record 7.8pc in second quarter Petropavlosk names new interim chief executive Rightmove says home sales have reached a record Julian Harris: Covid spending spree cannot last forever Sign up here for our daily business briefing newsletter
  
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• Prince Harry faces prospect of hefty tax bill in California, expert warns

  16-08-2020 19:57 via uk.finance.yahoo.com
  
  The Duke of Sussex faces a significant financial hit from the “zealous” US tax authorities, a royal financial expert has said, warning that the couple had not "thought through" the high cost of Californian life. The Duke and Duchess spent more than $14.6m on an impressive estate in Montecito, California, where they plan to live long-term and raise their son, Archie, in relative normality. But once Prince Harry has spent 183 days in the US over a three-year period, he will be consider
  
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• Victoria’s Secret owed £466m to 208 creditors before plunging into administration

  16-08-2020 19:50 via uk.finance.yahoo.com
  
  Victoria’s Secret’s UK arm sunk to a £100m operating loss before it fell into administration, with 200 creditors owed nearly half a billion pounds. The lingerie chain, famous for its fashion shows featuring supermodel “angels”, drafted in advisors at Deloitte in June to oversee a so-called light touch administration. For the 16 months to May, it recorded an operating loss of £109m, documents at Companies House show, having been propped up by its American owner
  
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• Victoria’s Secret owed £466m before collapsing

  16-08-2020 19:50 via uk.finance.yahoo.com
  
  Victoria’s Secret’s UK arm sunk to a £100m operating loss before it fell into administration, with 200 creditors owed nearly half a billion pounds. The lingerie chain, famous for its fashion shows featuring supermodel “angels”, drafted in advisors at Deloitte in June to oversee a so-called light touch administration. For the 16 months to May, it recorded an operating loss of £109m, documents at Companies House show, having been propped up by its American owner
  
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• Cineworld faces court battle over unpaid rent

  16-08-2020 19:40 via uk.finance.yahoo.com
  
  Cineworld is facing a court battle after one of its landlords launched legal action against the cinema chain over unpaid rent. Cineworld, the world’s second largest cinema chain, is understood to be withholding rent from property firm AEW as the pandemic continues to hammer the film sector and dents demand among cinemagoers. It is among a raft of firms which have refused to pay rent during the coronavirus crisis, with companies including Sports Direct, Boots, Travelodge among which have wi
  
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• UK remains attractive to investors despite Brexit, says Tata boss

  16-08-2020 19:00
  Global trade turmoil seen as ‘new normal’ by company behind Jaguar Land Rover and Tetley Tea
  
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• Tesco to take on Amazon with free home delivery for premium cardholders

  16-08-2020 18:20 via uk.finance.yahoo.com
  
  Tesco to take on Amazon with free home delivery for premium cardholdersSupermarket but says it hopes to scrap £4.50 charge for Clubcard Plus customers
  
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• US Open: Belinda Bencic latest player to pull out of event

  16-08-2020 18:05 via ibtimes.co.uk
  
  The USA continues to be the worst-hit country in the world during the novel coronavirus pandemic.
  
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• Battle for legal cannabis lights up as lobbyists make economic case

  16-08-2020 18:03 via uk.finance.yahoo.com
  
  In its early days, CLEAR, an advocacy group pushing to reform Britain’s cannabis laws, mostly consisted of a bunch of “old hippies sitting around smoking their bongs”. “We were discussing how we could ‘free the weed, man’,” says Peter Reynolds, the group’s president. But as times have changed – and legalising marijuana has come to be seen as a political inevitability in the tax revenue-hungry era of coronavirus – lobbyists like Reynolds
  
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• Truss leads China hawks trying to derail TikTok's London HQ plan

  16-08-2020 17:30 via uk.finance.yahoo.com
  
  Truss leads China hawks trying to derail TikTok's London HQ plan. Any last-minute reversal could lead to further deterioration in UK-China relations
  
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• Serco given contact-tracing job despite asylum-seekers fine

  16-08-2020 17:00 via uk.finance.yahoo.com
  
  Serco given contact-tracing job despite asylum-seekers fine. Exclusive: Firm fined £2.6m for accommodation failings but won further government work
  
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• Unilever to rename German 'gypsy sauce' after complaints

  16-08-2020 16:42 via uk.finance.yahoo.com
  
  Unilever's German food company Knorr will rename its popular "Zigeuner" - or gypsy - sauce as Hungarian-style paprika sauce after complaints that the name is offensive, becoming the latest brand to shift after a wave of protests over racism.The death in police custody of African-American George Floyd has prompted a groundswell of concern about racism around the world, prompting brands to ditch names seen as derogatory such as Eskimo Pie ice cream and Aunt Jemima pancake mix.Unilever said in June
  
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• My plan to capitalise on future stock market crashes

  16-08-2020 15:50 via uk.finance.yahoo.com
  
  In the event of a future stock market crash, like the one we saw in March, here’s what I’d do to make the most of the situation.The post My plan to capitalise on future stock market crashes appeared first on The Motley Fool UK.
  
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• Head of Germany's largest trade union proposes four day week

  16-08-2020 15:32 via uk.finance.yahoo.com
  
  The head of Germany’s largest trade union has proposed a four-day week in order to protect jobs threatened by digitalisation and the coronavirus-induced economic slump. Jörg Hofmann, head of the IG Metall trade union, said on Saturday that he plans to negotiate the reduced working hours for his members in the next round of wage talks with major players in the German auto and mechanical parts sectors. “The four-day week would be the answer to structural shifts in sectors such as
  
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• NBA: Portland Trail Blazers beat Memphis Grizzlies to enter playoffs

  16-08-2020 14:21 via ibtimes.co.uk
  
  Portland secured the final remaining spot for the post-season in this year's modified NBA format.
  
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• Why I think FTSE 100 stocks could help you get rich and retire early

  16-08-2020 13:49 via uk.finance.yahoo.com
  
  Rupert Hargreaves explains why every investor should have a basket of FTSE 100 stocks in their portfolio if they want to build wealth. The post Why I think FTSE 100 stocks could help you get rich and retire early appeared first on The Motley Fool UK.
  
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• Don’t waste the stock market crash! I’d buy cheap UK shares to get rich and retire early

  16-08-2020 13:40 via uk.finance.yahoo.com
  
  The recent market crash could provide a buying opportunity for investors who are seeking to bring forward their retirement date.The post Don’t waste the stock market crash! I’d buy cheap UK shares to get rich and retire early appeared first on The Motley Fool UK.
  
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• £2k to invest in the FTSE 100? I’d buy these 2 dividend stocks in an ISA

  16-08-2020 13:39 via uk.finance.yahoo.com
  
  These two FTSE 100 dividend stocks have both maintained their payouts in 2020, which could make the perfect income investments. The post £2k to invest in the FTSE 100? I’d buy these 2 dividend stocks in an ISA appeared first on The Motley Fool UK.
  
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• Why the stock market crash may be a once-in-a-lifetime opportunity to buy cheap UK shares

  16-08-2020 13:37 via uk.finance.yahoo.com
  
  Cheap UK shares may not be on offer for long after the market crash. As such, now may be the right time to buy them in my view.The post Why the stock market crash may be a once-in-a-lifetime opportunity to buy cheap UK shares appeared first on The Motley Fool UK.
  
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• Interested in the Cineworld share price? Here’s what you need to know

  16-08-2020 13:21 via uk.finance.yahoo.com
  
  The Cineworld share price looks cheap and could produce huge returns if profits get back to 2019 levels, but it's also facing major headwinds. The post Interested in the Cineworld share price? Here's what you need to know appeared first on The Motley Fool UK.
  
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• The Covid-19 recession feels mild compared with the 1980s – so far

  16-08-2020 13:00 via uk.finance.yahoo.com
  
  The Covid-19 recession feels mild compared with the 1980s – so farThe bulk of the pain has been borne by government and business, but that is about to change* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Investing £10k? I’d follow Warren Buffett’s advice and buy cheap UK shares to make a million

  16-08-2020 12:50 via uk.finance.yahoo.com
  
  Looking to invest some of your hard-earned cash? Here’s why I’d listen to this investing genius and buy cheap UK shares today.The post Investing £10k? I’d follow Warren Buffett’s advice and buy cheap UK shares to make a million appeared first on The Motley Fool UK.
  
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• Is now the best time to buy Carnival UK shares?

  16-08-2020 12:31 via uk.finance.yahoo.com
  
  Carnival UK shares look cheap after their recent slump. Rupert Hargreaves explores if they're worth buying or if they should be avoided.The post Is now the best time to buy Carnival UK shares? appeared first on The Motley Fool UK.
  
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• Trump's beef with TikTok is an existential threat to the internet

  16-08-2020 12:00 via uk.finance.yahoo.com
  
  Trump's beef with TikTok is an existential threat to the internetComedians like Sarah Cooper have used the Chinese-owned social video app to make fun of the president, but there’s more at stake than his bruised ego
  
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• Debenhams hires liquidator in contingency plan

  16-08-2020 11:46 via bbc.co.uk
  
  The department store chain appoints specialist firm Hilco Capital but says it is "trading strongly".
  
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• One of England's last coal mines to close near Durham

  16-08-2020 11:24 via uk.finance.yahoo.com
  
  One of England's last coal mines to close near DurhamBradley site to extract last coal two months after sister site in Northumberland ended production
  
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• CureVac doesn't rule out accelerated approval for COVID-19 vaccine

  16-08-2020 11:18 via uk.finance.yahoo.com
  
  German biotechnology firm CureVacdoes not rule out a speedy approval process for its prospective vaccine againstCOVID-19, its chief executive was quoted as saying on Sunday.The company said on Friday that it expects to put its vaccine on the market by mid-2021.Obtaining speedy approval suggests the company is pushing for an earlier release date although CEO Franz-Werner Haas did not give any details on how likely this was.
  
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• What’s the best investing strategy during a recession?

  16-08-2020 11:11 via uk.finance.yahoo.com
  
  We're officially in recession, but which investing strategy is best for financial survival? Here's my take on recession-proof shares.The post What's the best investing strategy during a recession? appeared first on The Motley Fool UK.
  
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• Stock market crash: Is now the right time to buy crashing UK shares like Carnival, IAG, and TUI?

  16-08-2020 11:05 via uk.finance.yahoo.com
  
  A combination of Covid-19 and the stock market crash has hit travel companies hard. But is now a good time to buy these crashing UK shares?The post Stock market crash: Is now the right time to buy crashing UK shares like Carnival, IAG, and TUI? appeared first on The Motley Fool UK.
  
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• What action might the Fed take in September?

  16-08-2020 10:00
  Market Questions is the FT’s guide to the week ahead
  
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• Salary advance schemes: lockdown lifesavers or a trap into debt?

  16-08-2020 10:00 via uk.finance.yahoo.com
  
  Salary advance schemes: lockdown lifesavers or a trap into debt?The FCA raises the red flag over these ‘wellbeing packages’ that allow employees to take part of their earnings before payday
  
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• Postmaster general’s changes causing mail delays, USPS workers say

  16-08-2020 10:00 via uk.finance.yahoo.com
  
  Postmaster general’s changes causing mail delays, USPS workers sayCarriers described ‘buckets of mail sitting’ and said they were being forced to come into work later and return earlier
  
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• The best UK shares to buy now? Why I’d buy these 5 stocks

  16-08-2020 09:56 via uk.finance.yahoo.com
  
  Rupert Hargreaves takes a look at the five UK shares he thinks are worth buying for the long term based on their growth potential.The post The best UK shares to buy now? Why I'd buy these 5 stocks appeared first on The Motley Fool UK.
  
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• Simon Cowell is ' very happy' to be home from hospital after surgery

  16-08-2020 09:51 via ibtimes.co.uk
  
  Cowell fell off an electric bike in the courtyard of his Malibu house on Aug. 8 and sustained back injuries.
  
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• I think these Warren Buffett tips can help you identify great businesses

  16-08-2020 09:50 via uk.finance.yahoo.com
  
  Rupert Hargreaves takes a look at three pieces of advice from Warren Buffett that could help any investor identify great businesses.The post I think these Warren Buffett tips can help you identify great businesses appeared first on The Motley Fool UK.
  
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• Saudi inflation jumps to 6.1% after VAT increase

  16-08-2020 09:43 via uk.finance.yahoo.com
  
  Saudi Arabia's consumer price index jumped 6.1% in July compared with a year earlier, boosted by a tripling of value-added tax, official data showed on Sunday.The inflation rate in June was 0.5%, the smallest annual increase since January, before the VAT increase to 15% from 5% came into effect on July 1.Saudi Arabia, the world's biggest oil exporter, said in May that it would triple VAT as it sought to shore up finances hit by the twin shock of low oil prices and the coronavirus pandemic.
  
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• The Premier Oil share price just fell another 20%. Here’s what I’d do

  16-08-2020 09:19 via uk.finance.yahoo.com
  
  Is the Premier Oil share price now too cheap to ignore? Roland Head reckons big gains are possible, but the risks are significant.The post The Premier Oil share price just fell another 20%. Here's what I'd do appeared first on The Motley Fool UK.
  
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• You may have unknowingly invested in unethical industries, even if most of your choices are eco-friendly

  16-08-2020 09:18 via uk.finance.yahoo.com
  
  Millennials are pretty good at eco-awareness. More and more of us are ditching fast fashion, using our non-disposable water bottles and coffee cups, composting food waste, buying electric cars (if we can afford them), and growing houseplants. But there’s one area where I’d wager the vast majority of us are being extremely (and unknowingly) unethical – and that’s where we invest our money.The term “investor” indeed applies to most people because even if you don
  
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• Why the 2020 stock market recovery could be your chance to get rich and retire early

  16-08-2020 09:07 via uk.finance.yahoo.com
  
  Past declines in share prices have always been followed by a market recovery. This could mean now is the right time to buy high-quality stocks.The post Why the 2020 stock market recovery could be your chance to get rich and retire early appeared first on The Motley Fool UK.
  
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• Why this could be a golden period for UK investing

  16-08-2020 08:36 via uk.finance.yahoo.com
  
  I reckon stock prices have been re-set, the recovery's here, and there’s a long road of potential general economic progress ahead for the UK.The post Why this could be a golden period for UK investing appeared first on The Motley Fool UK.
  
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