Business news

• Boeing wins first 737 order since 2019 after crashes

  19-08-2020 23:43 via bbc.co.uk
  
  Polish charter airline Enter Air said it has confidence in the review the aircraft has faced since the crashes.
  
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• British Gas winter walkouts loom as workers back industrial action

  19-08-2020 23:17 via uk.finance.yahoo.com
  
  Thousands of boiler repair staff could walk out from British Gas this winter after workers voted overwhelmingly in favour of strike action. Members of the GMB union gave 95pc backing to industrial action after British Gas owner Centrica threatened to fire its entire 21,000-strong workforce unless they accepted new, less generous contracts. The support in a consultative ballot paves the way for a formal vote in coming months. It will raise the spectre of winter walkouts by swathes of the company'
  
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• Airbnb files for IPO as short-term rental market rebounds

  19-08-2020 22:43 via uk.finance.yahoo.com
  
  San Francisco-based Airbnb said in July that customers had booked more than 1 million nights in a single day for the first time since March 3, in part as U.S. travelers shy away from hotels and prefer to drive to local vacation rentals.Shares of U.S. online travel agency Booking Holdings Inchave rebounded around 14% in the past three months but are still down for the year.Companies can confidentially submit an IPO registration with the U.S. Securities and Exchange Commission.
  
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• Airbnb confidentially files for IPO, sets stage for blockbuster listing

  19-08-2020 22:43 via uk.finance.yahoo.com
  
  The number of shares to be offered and the price range for the IPO have not yet been determined, the company said."The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," Airbnb added.Reuters reported in October Airbnb was close to hiring Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its IPO, after the company announced plans to go public in 2020.
  
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• StubHub forced to add warning that resold tickets might be invalid

  19-08-2020 22:35 via uk.finance.yahoo.com
  
  StubHub forced to add warning that resold tickets might be invalidCompetition regulator warned ticket resale company its website was ‘misleading’ customers
  
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• Nvidia beats estimates but data center performance leaves shares flat

  19-08-2020 22:30 via uk.finance.yahoo.com
  
  The company, with a market cap that has eclipsed Intel Corp , also beat Wall Street expectations for the second quarter.Before the market close on Wednesday, Nvidia's shares had gained more than 185% over the past year and with a valuation of about 53 times expected earnings over the next 12 months.Nvidia said it expects third-quarter revenue of (3.33 billion pounds), plus or minus 2%, compared with analysts' estimates of $3.97 billion, according to IBES data from Refinitiv.
  
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• Video shows man explaining how to hack Santander ATM

  19-08-2020 22:03 via uk.finance.yahoo.com
  
  A man has created a video showing how to “hack” Santander bank ATMs following reports numerous people have been arrested for exploiting the software glitch.In the video, obtained by the New York Post, the unidentified man shows how to access the glitch, which allowed customers to withdraw more money than was available on prepaid debit cards.
  
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• Unusual for any company that acquires TikTok to give funds to U.S. Treasury - White House aide

  19-08-2020 21:57 via uk.finance.yahoo.com
  
  White House economic adviser Larry Kudlow said on Wednesday President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance's U.S. operations of its video-sharing app TikTok, but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury."Well he's said that," Kudlow said I an interview with CNBC when asked about Trump's demand that part of the proceeds from the TikTok sale he has ordered go to the U.S. Treasury.
  
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• Centrica's British Gas faces strike over 'fire and hire' threats

  19-08-2020 21:43 via uk.finance.yahoo.com
  
  In a consultative ballot of 10,000 GMB union members at British Gas, Britain's largest energy supplier, 95% voted in favour of industrial action, which could lead to a formal strike ballot in autumn, it said in a statement.Centrica in June announced plans to cut around 5,000 jobs, as it ramps up restructuring efforts due to the COVID-19 pandemic."The company had burnt through the confidence of its loyal workforce by threatening to set fire to jobs, terms and conditions," the GMP said.
  
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• Several Fed policymakers see more easing ahead to help brace U.S. economy

  19-08-2020 21:35 via uk.finance.yahoo.com
  
  The Fed has already slashed interest rates to zero and bought trillions of dollars of bonds in response to the economic crisis spurred by virus, moves which have provided a boost to jobs and spending.Since last month, the number of new daily coronavirus infections has dropped, but is still averaging around 50,000, slowing business reopenings and, in some parts of the country, forcing schools to delay, reverse, or abandon plans to conduct in-person classes.Policymakers last month discussed a rang
  
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• Facebook removes hundreds of QAnon groups, citing public safety risks

  19-08-2020 21:33 via uk.finance.yahoo.com
  Hundreds of thousands of Facebook users are known to belong to one or more QAnon groups, but Facebook declined to give more precise figures.Facebook also removed 980 groups that it said encouraged rioting, a majority seen as generally right-wing militias but a substantial number identified as part of the leftist antifa movement.The long-anticipated takedowns come amid sustained criticism as QAnon activity has surged on Facebook this year.
  
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• Facebook removes hundreds of QAnon groups, cites risk to public safety

  19-08-2020 21:33 via uk.finance.yahoo.com
  
  At least hundreds of thousands of Facebook users belong to one or more QAnon groups, though Facebook declined to give more precise figures.The long-anticipated takedowns come amid sustained criticism as QAnon activity has surged on Facebook this year in tandem with political gains.A vocal QAnon supporter last week won the Republican congressional primary in a conservative Georgia district, drawing praise from President Donald Trump.
  
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• What explains markets' rip-roaring success in the face of Covid disaster?

  19-08-2020 20:55 via uk.finance.yahoo.com
  
  What explains markets' rip-roaring success in the face of Covid disaster?One can get Apple’s boom but we’re seeing notions of risk being replaced by an overdose of optimism* Coronavirus – latest updates* See all our coronavirus coverage
  
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• British Gas faces industrial action over 'fire and rehire' plans

  19-08-2020 20:46 via uk.finance.yahoo.com
  
  British Gas faces industrial action over 'fire and rehire' plansGMB union secures 95% majority in favour of strike in consultative ballot
  
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• Apple becomes first US company to be valued at $2 trillion

  19-08-2020 20:39 via uk.finance.yahoo.com
  
  Apple has become the first US company to be valued at $2 trillion, amid a bullish run for US stocks despite the global economic impact of coronavirus.The tech company reached the new milestone after its shared rose by nearly 60 per cent this year, in spite of setbacks like the shutdown of iPhone factories in China.
  
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• London needs Eat Out to Help Out extension, says Greene King boss

  19-08-2020 20:34 via uk.finance.yahoo.com
  
  The government needs to extend its Eat Out to Help Out scheme to help London and other struggling cities recover from the pandemic, according to the boss of pub chain Greene King. Chief executive Nick Mackenzie told the Evening Standard that its trade in the capital had been “significantly worse” than expected since lock-down restrictions eased, with weekly sales about 60pc lower than one year ago. His comments will fuel concerns about the damage being done to London’s once-thr
  
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• Suburbs lead London's economic recovery while city centre struggles

  19-08-2020 20:11 via uk.finance.yahoo.com
  
  Suburbs lead London's economic recovery while city centre strugglesCredit card data shows consumer spending shifting from central London to local areas as employees work from home* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Wales issues stark warning over UK internal market

  19-08-2020 20:01
  Cardiff administration says post-Brexit proposals would undermine devolution and ‘accelerate break-up of Union’
  
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• Johnson’s plan for UK internal market prompts stark Welsh warning

  19-08-2020 20:01
  Cardiff administration says post-Brexit proposals will ‘accelerate a break-up of the Union’
  
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• There appears to be a growing comfort with the reality that dark economic times are here to stay

  19-08-2020 19:30 via uk.finance.yahoo.com
  
  There appears to be a growing comfort with the reality that dark economic times are here to stayThe good news is uncertainty is passing. The bad news is we’re certain things are stuffed
  
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• Elon Musk becomes world's fourth richest man on Tesla boom

  19-08-2020 19:28 via uk.finance.yahoo.com
  
  Elon Musk becomes world's fourth richest man on Tesla boomInventor now worth $90bn, trailing Mark Zuckerberg, Bill Gates and Jeff Bezos
  
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• Marriott International faces class action suit over mass data breach

  19-08-2020 19:21 via uk.finance.yahoo.com
  
  Marriott International faces class action suit over mass data breachTechnology consultant leads legal action after hackers stole personal details of 300m guests
  
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• Exclusive: Fed's Bullard - Wall Street 'about right' as U.S. muddles through virus risk

  19-08-2020 19:09 via uk.finance.yahoo.com
  
  "I think Wall Street has called this about right so far," he said, noting how firms like Wal-Mart, with its mandatory masking and other rules, have found ways to operate that others will copy."There is a lot of ability to mitigate and proceed and most of the data has surprised to the upside...So I think we are going to do somewhat better," Bullard said in an interview with Reuters.Bullard said he sees the U.S. economy shrinking 4% for the year, substantially more optimistic then the -6.5% median
  
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• Why job losses have risen despite the economy reopening

  19-08-2020 19:06 via uk.finance.yahoo.com
  
  Yahoo Finance UK's Tom Belger explains why dozens of major UK firms have axed staff despite government coronavirus restrictions easing and the economy starting to recover.
  
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• Boeing scores year's first 737 MAX order with Polish airline Enter Air

  19-08-2020 19:03 via uk.finance.yahoo.com
  
  The jet's recertification is still hanging in the balance more than a year after its worldwide grounding due to two fatal crashes.Boeing customers have canceled more than 400 orders for the U.S. planemaker's grounded 737 MAX jets this year, the company said last week.The planemaker said on Wednesday that Enter Air placed a new order for two 737-8 aircraft with options for two more jets.
  
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• Robots can now store energy like humans in 'fat reserves' after battery breakthrough

  19-08-2020 19:01 via uk.finance.yahoo.com
  
  A breakthrough with biomorphic batteries could allow robots to store up to 72-times more energy through a system similar to biological fat reserves.Researchers at the University of Michigan developed a new rechargeable zinc battery that integrates into the structure of a robot in order to free up space and reduce weight that conventional lithium-ion batteries create.
  
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• Threat of industrial action by Centrica workers increases after ballot result

  19-08-2020 18:54 via uk.finance.yahoo.com
  
  A formal strike ballot among GMB members is set to be held in the autumn.
  
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• US shares hit record on strong day for global markets

  19-08-2020 18:41 via uk.finance.yahoo.com
  
  Apple became the first American company to be valued at two trillion dollars on Wednesday.
  
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• RWE eyes renewables deals as part of $8.4 billion expansion - CFO

  19-08-2020 18:32 via uk.finance.yahoo.com
  
  Germany's largest power producer RWEplans to spend part of its 7 billion euro ($8.4 billion) war chest on growing its 24.7 gigawatt pipeline of renewables projects, its CFO said, just weeks after BPannounced a major low-carbon push.Unfazed by the COVID-19 crisis, Krebber said that the environment for renewables had improved in the course of the year, adding RWE would be able to realise more of its current pipeline of projects than previously thought.The share sale proceeds come on top of a separ
  
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• £500 to invest? Here’s where I’d invest money in a Stocks and Shares ISA

  19-08-2020 18:18 via uk.finance.yahoo.com
  
  If you are around 18 now and savvy enough to understand the benefits of compounding investments in a Stocks and Shares ISA, I envy you! Here’s why.The post £500 to invest? Here’s where I’d invest money in a Stocks and Shares ISA appeared first on The Motley Fool UK.
  
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• U.S. says Scotiabank to pay over $60 million related to commodity price manipulation

  19-08-2020 18:10 via uk.finance.yahoo.com
  
  The Justice Department said Scotiabank entered a deferred prosecution agreement in connection with charges of wire fraud and attempted price manipulation, and also resolved related civil charges by the U.S. Commodity Futures Trading Commission.
  
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• Best UK shares: I’d double £1,000 by buying them after the stock market crash

  19-08-2020 18:09 via uk.finance.yahoo.com
  
  The best UK shares to buy today are ones with good long-term prospects, especially in the current times when both price and performance are sagging. The post Best UK shares: I’d double £1,000 by buying them after the stock market crash appeared first on The Motley Fool UK.
  
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• Stock market crash: A cheap share I consider a great opportunity

  19-08-2020 17:59 via uk.finance.yahoo.com
  
  Jabran Khan explores what he considers a great market crash opportunity in the shape of a small-cap technology stock with defensive qualities.The post Stock market crash: A cheap share I consider a great opportunity appeared first on The Motley Fool UK.
  
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• Stock market crash: What I’m doing about the falling Lloyds Bank, easyJet, and BT share prices

  19-08-2020 17:51 via uk.finance.yahoo.com
  
  The stock market crash has come and gone but some share's prices are still struggling. Here’s what I’m doing about them.The post Stock market crash: What I’m doing about the falling Lloyds Bank, easyJet, and BT share prices  appeared first on The Motley Fool UK.
  
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• Barcelona president Josep Maria Bartomeu speaks out on Lionel Messi's future

  19-08-2020 17:49 via ibtimes.co.uk
  
  Rumours were in the air that Manchester City and Manchester United might bid for the 33-year old Argentine striker.
  
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• Police believe mysterious mutilations of 15 horses in France may be related to internet challenge

  19-08-2020 17:37 via ibtimes.co.uk
  
  Authorities speculate the torture and mutilation is some kinds of ritual or internet challenge being performed across the country.
  
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• Coronavirus in Northampton: 'I wake up and hope we have no lockdown'

  19-08-2020 17:33 via bbc.co.uk
  
  How do businesses feel in the town with the highest number of new Covid-19 cases in England?
  
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• Why Internet Explorer had to die

  19-08-2020 17:27 via uk.finance.yahoo.com
  
  Microsoft’s famed browser, Internet Explorer, has finally come to its end. The computer giant said that its official support for the browser will be ending by in 2021, with the reins being passed to Microsoft Edge after 25 years.What this means for the future of browsing is a complex question. There is little doubt in anyone’s mind that, for the vast majority, Google Chrome is winning the browser war.
  
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• Scotland struggles to rebound despite its smaller recession

  19-08-2020 17:27 via uk.finance.yahoo.com
  
  Scotland’s economy is struggling to climb back out of recession, making slower progress in its recovery than the UK as a whole, despite suffering a smaller drop at the height of lockdown. GDP grew by 5.7pc in June, falling short of the 8.7pc surge recorded nationally. It came after the economy shrank by 5.8pc in March and 19.2pc in April - both extremely large drops, but less severe than the UK-wide collapse. But despite this better starting position, growth has been slower since April. As
  
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• 'The Crown' creator reveals why Prince Harry, Meghan Markle won't be featured in the show

  19-08-2020 17:19 via ibtimes.co.uk
  
  "The Crown" won't cover Prince Harry and Meghan Markle because they get "more interesting with time."
  
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• Competition watchdog ‘satisfied’ by StubHub changes after probe

  19-08-2020 17:11 via uk.finance.yahoo.com
  
  In January, the CMA warned the ticket-seller could face court action unless it made it took actions to clean up its site.
  
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• Now that Warren Buffett has effectively bought gold, here’s how I’m investing for the rest of 2020

  19-08-2020 17:09 via uk.finance.yahoo.com
  
  Warren Buffett just bought shares in Barrick Gold, and reduced stakes in financials. I think there are investing lessons here for us.The post Now that Warren Buffett has effectively bought gold, here’s how I’m investing for the rest of 2020 appeared first on The Motley Fool UK.
  
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• Price Alert: Telit Communications outperforms over three months

  19-08-2020 17:08 via uk.finance.yahoo.com
  
  Shares in Telit Communications (LON:TCM) have performed strongly against the market in recent weeks. On a 3-month relative price strength basis, the price is u...
  
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• Bayern Munich vs. Lyon: Coach Hansi Flick wants his side to start from scratch

  19-08-2020 17:08 via ibtimes.co.uk
  
  The German champions are heading towards a season treble after already winning the domestic league and cup.
  
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• Do analysts think that Hill amp; Smith Holdings is a buy, hold or sell?

  19-08-2020 17:07 via uk.finance.yahoo.com
  
  Trying to predict how the Covid-19 crisis will impact on companies and sectors is not easy. Fortunately, large companies like Hill amp;amp; Smith Holdings (LO...
  
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• Will Learning Technologies's price keep rising?

  19-08-2020 17:04 via uk.finance.yahoo.com
  
  Studies by leading experts into the power of price momentum show that stocks with the strongest price trends tend to keep up the pace for anywhere up to one ye...
  
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• Shares in Idox outperform over three months

  19-08-2020 17:04 via uk.finance.yahoo.com
  
  Shares in Idox (LON:IDOX) have outperformed the market over the past three months, signalling optimism on the part of investors at a time of economic uncertain...
  
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• Shares in Cohort bounce back from market chaos

  19-08-2020 17:04 via uk.finance.yahoo.com
  
  After the turbulence that ripped through the stock market in March, shares in Cohort (LON:CHRT) have gone on to outperform. In terms of relative price strength...
  
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• Have £2,000 to invest in the FTSE 100? I’d buy these 2 dividend stocks in an ISA right now

  19-08-2020 17:03 via uk.finance.yahoo.com
  
  Despite the dividend drought, some FTSE 100 stocks continued to generate income for investors, and others have started to again. Aviva and Halma could make fine additions to an income-focused portfolio.The post Have £2,000 to invest in the FTSE 100? I’d buy these 2 dividend stocks in an ISA right now appeared first on The Motley Fool UK.
  
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• Will the Spire Healthcare share price run continue?

  19-08-2020 17:02 via uk.finance.yahoo.com
  
  In this article we will quickly re-cap the broker forecasts for Spire Healthcare (LON:SPI). The Spire Healthcare share price has risen by 1.19% over the past m...
  
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