Business news

• Retailers have ‘weaponised’ the use of CVAs, claim angry landlords

  30-08-2020 23:42 via uk.finance.yahoo.com
  
  Top landlords have hit out at retailers for “weaponising” a controversial restructuring technique as part of a bid to cut costs. The British Property Federation (BPF) warned that so-called Company Voluntary Arrangements (CVAs) are being used to rip up leases against the spirit of the law. CVAs have become increasingly popular and allow a tenant to restructure its finances and demand rent cuts if it has run out of cash. Use has surged since the coronavirus struck, with more agreed thi
  
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• Capita to close over a third of offices permanently

  30-08-2020 23:31 via bbc.co.uk
  
  Outsourcing firm Capita is looking to close offices as the trend for flexible working accelerates.
  
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• UK stocks trail in recovery as fears over Brexit cause investor jitters

  30-08-2020 23:29 via uk.finance.yahoo.com
  
  British stocks are lagging far behind all other major assets in the Covid recovery as Brexit jitters return to haunt London’s unloved market. UK equities and gilts were the worst performers of 20 top assets in the last three months, according to Barclays, unable to keep up with stocks elsewhere in the world as well as bonds and commodities. Only oil has performed worse in 2020 with the FTSE 100 and 250 still down a respective 21pc and 19pc this year. By comparison, the S&P; 500 US benc
  
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• Millennials ‘should fear debt as much as climate change’

  30-08-2020 23:02 via uk.finance.yahoo.com
  
  Young people should be as concerned about surging public debt as climate change, a top economist has warned amid growing fears the country’s borrowing levels could overtake Japan. Britain’s £2 trillion debt millstone poses a long-term threat to prosperity which bears comparison to global warming, according to Philip Booth of the Institute of Economic Affairs. National debt smashed through 100pc of GDP in July. Mr Booth, who is due to appear before the Treasury select committee
  
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• Tax rises: how much more will I have to pay and what can I do to minimise the pain?

  30-08-2020 22:59 via uk.finance.yahoo.com
  
  Treasury officials are understood to be eyeing five tax rises to boost their Covid-hit coffers. Many readers will find themselves paying more if their proposals take effect. But how much more – and what could they do to limit the damage? I’m earning £75,000 but currently pay no higher-rate tax because I put £25,000 a year in my pension, meaning it is covered by tax relief. How much more will I pay if higher-rate relief is scrapped? Relief at the current rate of 40 per cen
  
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• Rishi Sunak's tax changes: how much more will I have to pay and what can I do to minimise the pain?

  30-08-2020 22:59 via uk.finance.yahoo.com
  
  Treasury officials are understood to be eyeing five tax rises to boost their Covid-hit coffers. Many readers will find themselves paying more if their proposals take effect. But how much more – and what could they do to limit the damage? I’m earning £75,000 but currently pay no higher-rate tax because I put £25,000 a year in my pension, meaning it is covered by tax relief. How much more will I pay if higher-rate relief is scrapped? Relief at the current rate of 40 per cen
  
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• London West End retailers pitch for help in tempting back shoppers

  30-08-2020 22:27
  A downturn deeper than in other districts drives pleas for free transport and a longer business rates holiday
  
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• Flagship jobs programme ‘in danger of falling flat’

  30-08-2020 22:24 via uk.finance.yahoo.com
  
  A flagship scheme to tackle surging youth unemployment could fail to take off as firms struggle to create jobs in the face of the coronavirus downturn, work and pensions select committee chairman Stephen Timms has warned. The £2.1bn Kickstart programme is a cornerstone of Rishi Sunak, the Chancellor’s plan to prevent a joblessness crisis – but fears are growing it will be largely ignored by businesses focused solely on staying afloat. Mr Timms, a former employment minister, sai
  
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• Former Saga boss back on board with £100m injection

  30-08-2020 22:01 via uk.finance.yahoo.com
  
  Theformer boss of over-50s holiday firm Saga is planning to pump as much as £100m into the business and mount a dramatic return to its board. Sir Roger De Haan will stump up the lion’s share of a £150m equity raise by Saga, with other investors asked to supply the rest as part of efforts to restore its fortunes. The son of Saga’s founder Sidney De Haan, Sir Roger sold it to private equity group Charterhouse for £1.35bn in 2004 after 20 years at its helm. He will tak
  
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• 18-year-olds to get up to £70,000 from Blairite baby funds invested at turn of the century

  30-08-2020 21:39 via uk.finance.yahoo.com
  
  Thousands of 18 year olds will on Monday get access to accounts worth up to £70,000 under a Blairite policy of giving them £250 at birth, an analysis by IFS shows. The IFS study shows eight per cent - one in 12 - will have access to accounts worth £5,000 or more and a further quarter (23 per cent) will have between £1,000 and £5,000. Only eight per cent will have no wealth on reaching 18 - largely because their parents may have been unaware of the benefit. That comp
  
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• Problem at US telecoms giant causes global internet outages

  30-08-2020 20:58 via uk.finance.yahoo.com
  
  A bug involving US-based telecoms giant CenturyLink briefly interrupted internet service in several global markets Sunday, affecting popular streaming services, gaming platforms and webcasts of European soccer, the company and specialized media reported.
  
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• Veolia aims to buy Suez stake as prelude to planned takeover

  30-08-2020 20:56 via uk.finance.yahoo.com
  
  French water and waste firm Veolia is offering to buy a 29.9% stake in its rival Suez from French gas and power utility Engie for 2.9 billion euros in a bid to create a "world champion of ecological transformation".If the offer is accepted by Engie, Veolia could formally bid for the rest of Suez, Veolia's CEO Antoine Frérot told journalists on Sunday.
  
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• Tax rises could ‘choke off’ recovery, Rishi Sunak is warned

  30-08-2020 20:46 via uk.finance.yahoo.com
  
  Tax rises could “choke off” the UK’s coronavirus recovery, trigger an exodus of top talent and cripple the nation’s investment appeal after Brexit, Chancellor Rishi Sunak has been warned. The intervention from a host of business leaders, economists and Tory MPs comes amid speculation that Mr Sunak is considering a major rise in corporation tax from 19 per cent to 24 per cent as part of plans to repair a gaping fiscal hole in the wake of the pandemic. Tax rises also under
  
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• Tax hikes loom as spendthrift Sunak faces the bill

  30-08-2020 20:16 via uk.finance.yahoo.com
  
  Chancellor Rishi Sunak is by far the most popular member of a Government struggling to get a grip on the Covid-19 crisis after a raft of giveaways to support the economy through the pandemic. But that sheen could soon be tarnished as he seeks to claw out of the fiscal crater left by the virus, with painful choices ahead in the autumn Budget. Mr Sunak’s revenue raising options are hemmed in by the Prime Minister's reluctance to either soak the Conservatives’ traditional supporters or
  
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• Day of spending reckoning nears as Britain’s debt level soars

  30-08-2020 19:44 via uk.finance.yahoo.com
  
  The public are “burying their heads in the sand” about Britain’s surging national debt, a leading economist will tell MPs tomorrow as they debate the legacy of Covid-19. Philip Booth, of the Institute of Economic Affairs, will say that unless an axe is taken to public spending, the UK’s debt-to-GDP ratio could overtake that of Japan, the most burdened country in the G7 group of advanced nations. Booth, who is due to appear before the Treasury select committee, cites Offic
  
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• Voluntary work comes under spotlight in UK’s virus recovery

  30-08-2020 19:08
  Economists to study how civic society can play more a more important role
  
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• Economists to study role of voluntary work in UK’s virus recovery

  30-08-2020 19:08
  Gus O’Donnell and Andy Haldane to lead 2-year review into utilisation of civic society
  
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• Train companies to receive fresh rescue to keep services running

  30-08-2020 19:00
  Ministers likely to agree £3bn package over six months to help return to workplace
  
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• Iran to challenge US suit to seize $1.7bn held by Deutsche Boerse unit

  30-08-2020 18:54 via uk.finance.yahoo.com
  
  The US has also been investigating whether the clearing house violated US money laundering and Iranian sanction laws for years.
  
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• China threatens to thwart TikTok sale as it tightens export restrictions

  30-08-2020 18:50 via uk.finance.yahoo.com
  
  China could step in to block the sale of TikTok’s US operations after Beijing gave itself new powers to restrict technology exports which are believed to cover the popular video app. The Chinese government updated its restrictions on technology exports for the first time in 12 years, just days before TikTok’s Beijing-based owner ByteDance was due to confirm a sale of the app. State media quoted a Chinese professor and government adviser saying the new rules would mean ByteDance requi
  
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• Britain’s ethnic wealth gap needs closing

  30-08-2020 18:30
  Inequality reflects historical discrimination but there are no quick fixes
  
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• Independent shops enjoy business boost due to commuting drop

  30-08-2020 18:29 via uk.finance.yahoo.com
  
  Independent shops enjoy business boost due to commuting dropIndependent retailers body says it will not be calling for workers to return to offices* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Former owner of Saga invests £100m to save company from Covid crisis

  30-08-2020 18:10 via uk.finance.yahoo.com
  
  Former owner of Saga invests £100m to save company from Covid crisisSir Roger de Haan buys up 20% of shares and joins board of over-50s travel and insurance group
  
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• Stock market crash: can you afford NOT to buy dirt-cheap UK shares in an ISA today?

  30-08-2020 18:06 via uk.finance.yahoo.com
  
  Buying on the dips is a great way to make a fortune from UK shares. Royston Wild explains how history shows us why now's the time to buy in an ISA.The post Stock market crash: can you afford NOT to buy dirt-cheap UK shares in an ISA today? appeared first on The Motley Fool UK.
  
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• MVP Giannis Antetokounmpo makes NBA playoffs history

  30-08-2020 17:52 via ibtimes.co.uk
  
  The Greek Freak became the second player in NBA history to average 30+ points, 15+ rebounds, and 5+ assists in a playoff series.
  
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• Yelp's Jeremy Stoppelman: 'I'm like an antitrust pitbull'

  30-08-2020 17:39 via uk.finance.yahoo.com
  
  Jeremy Stoppelman is not afraid of awkward silences. Sitting on his bed in San Francisco, he admits he has sucked the life out of parties on several occasions by bringing up regulation whenever he can. “I am like an antitrust pitbull,” he says. “People often end up regretting ever saying anything.” The Yelp founder’s favourite topic is back in fashion this summer as Facebook, Amazon, Apple and Google wait to hear whether Washington wants to break them up. Mr Stoppel
  
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• Restaurants take matters into their own hands as Eat Out to Help Out scheme wraps up

  30-08-2020 17:37 via uk.finance.yahoo.com
  
  Deliveroo also announced that it will offer customers a discount in September to encourage them to “Eat In to Help Out."
  
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• TIM to set clock ticking on Italy single network with KKR deal Monday

  30-08-2020 17:36 via uk.finance.yahoo.com
  
  Telecom Italia (TIM) TLIT.MI is set to sign off on a landmark deal with U.S. fund KKR KKR.N on Monday that could lay the groundwork for plans to create a single ultrafast broadband network promoted by the Italian government.Rome is keen to create a single full-fibre network to close Italy's digital divide with other European countries and wants TIM to merge assets with smaller state-backed rival Open Fiber to create a national champion eligible for grants from Europe's Recovery Fund.Earlier this
  
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• French Champagne season could worsen Covid outbreak, doctors fear

  30-08-2020 17:02 via uk.finance.yahoo.com
  
  The coronavirus has robbed France’s champagne industry of its sparkle as demand has slumped, and health authorities are now struggling to prevent a new outbreak of Covid-19 among migrant grape pickers. The arrival of some 100,000 seasonal workers, half of them from eastern Europe, has raised fears of a new outbreak in the Champagne region, in north-eastern France. The area has so far been largely spared from France’s spike in infections, with Paris and the south of the country worst
  
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• Champagne season turns sour over fear of Covid among migrant grape pickers

  30-08-2020 17:02 via uk.finance.yahoo.com
  
  The coronavirus has robbed France’s champagne industry of its sparkle as demand has slumped, and health authorities are now struggling to prevent a new outbreak of Covid-19 among migrant grape pickers. The arrival of some 100,000 seasonal workers, half of them from eastern Europe, has raised fears of a new outbreak in the Champagne region, in north-eastern France. The area has so far been largely spared from France’s spike in infections, with Paris and the south of the country worst
  
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• Champagne season could worsen Covid outbreak, doctors fear

  30-08-2020 17:02 via uk.finance.yahoo.com
  
  The coronavirus has robbed France’s champagne industry of its sparkle as demand has slumped, and health authorities are now struggling to prevent a new outbreak of Covid-19 among migrant grape pickers. The arrival of some 100,000 seasonal workers, half of them from eastern Europe, has raised fears of a new outbreak in the Champagne region, in north-eastern France. The area has so far been largely spared from France’s spike in infections, with Paris and the south of the country worst
  
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• Tory MPs warn Sunak against raising taxes to plug fiscal hole

  30-08-2020 15:59
  Backbenchers fear wealthy and businesses will be targets when chancellor outlines autumn rescue plan
  
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• Restarting the 2019-2020 NBA playoffs: Notable events and personas

  30-08-2020 15:20 via ibtimes.co.uk
  
  The NBA restart almost ended in disaster after several teams staged a boycott to protest the Blake shooting.
  
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• Restarting the 2019-2020 NBA playoffs: Notable events and personalities

  30-08-2020 15:20 via ibtimes.co.uk
  
  The NBA restart almost ended in disaster after several teams staged a boycott to protest the Blake shooting.
  
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• How I’d make a passive income by investing £250 a month in cheap UK shares

  30-08-2020 14:51 via uk.finance.yahoo.com
  
  Buying cheap UK shares on a regular basis could produce a surprisingly large passive income over the long run, in my opinion.The post How I’d make a passive income by investing £250 a month in cheap UK shares appeared first on The Motley Fool UK.
  
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• Moss Bros considering closing stores in rescue deal

  30-08-2020 14:44 via bbc.co.uk
  
  The suit maker has been hit by Covid-19 restrictions on events such as Royal Ascot and large weddings.
  
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• Rent-to-own BrightHouse accused of sidestepping Covid payment guidance

  30-08-2020 14:40 via uk.finance.yahoo.com
  
  Rent-to-own BrightHouse accused of sidestepping Covid payment guidance. Exclusive: administrators of the collapsed firm continue to ‘maximise’ loan collections from struggling customers
  
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• NBA playoffs: LA Lakers defeat Portland Trail Blazers in game 5 to advance to second round

  30-08-2020 14:16 via ibtimes.co.uk
  
  After losing game 1, the Lakers rallied to win four straight games.
  
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• BP to sell office in latest rethink of working patterns

  30-08-2020 14:10 via uk.finance.yahoo.com
  
  This comes alongside news that banks could also be moving away from working in big office blocks in the near future by converting underused parts of their high street branches into space to work.
  
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• No return of workers to offices ‘could cost UK economy £480bn’

  30-08-2020 14:04 via uk.finance.yahoo.com
  
  No return of workers to offices ‘could cost UK economy £480bn’. Ex-CBI adviser says economy will not return to pre-pandemic size until 2025 if home working continues
  
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• Stock market crash: I’d invest just £50 per week in cheap UK shares in an ISA to make a million

  30-08-2020 14:02 via uk.finance.yahoo.com
  
  Don't let the stock market crash stop you investing! I think this legendary comment from Warren Buffett shows why you should buy UK shares today. The post Stock market crash: I’d invest just £50 per week in cheap UK shares in an ISA to make a million appeared first on The Motley Fool UK.
  
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• Montezuma's chocolates branches out with sales growth up 30%

  30-08-2020 13:57 via uk.finance.yahoo.com
  
  Montezuma's chocolates branches out with sales growth up 30%Artisan chocolate maker says despite coronavirus high street sales still have a positive future
  
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• State Pension worries? I plan to retire in comfort with this simple trick

  30-08-2020 13:53 via uk.finance.yahoo.com
  
  It's possible to beat the State Pension with this simple trick, which requires nothing more than a regular savings plan. The post State Pension worries? I plan to retire in comfort with this simple trick appeared first on The Motley Fool UK.
  
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• How to find the best UK shares to buy now

  30-08-2020 13:52 via uk.finance.yahoo.com
  
  Are you new to investing? Paul Summers picks out the five key things he looks for when searching for the best UK shares to buy.The post How to find the best UK shares to buy now appeared first on The Motley Fool UK.
  
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• Have £1k to invest in the FTSE 100? Here’s what I’d do

  30-08-2020 13:45 via uk.finance.yahoo.com
  
  This Fool explains how he'd get started investing in the FTSE 100 with just £1,000 today buying blue-chip stocks for the long term. The post Have £1k to invest in the FTSE 100? Here's what I'd do appeared first on The Motley Fool UK.
  
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• This secret FTSE 250 growth stock just hit an all-time high. And it’s still cheap to buy!

  30-08-2020 13:44 via uk.finance.yahoo.com
  
  This FTSE 250 (FTSEINDEX:MCX) growth stock is likely to be flying under many investors' radars. It may not stay cheap for long, thinks Paul Summers.The post This secret FTSE 250 growth stock just hit an all-time high. And it's still cheap to buy! appeared first on The Motley Fool UK.
  
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• What China's new export rules could mean for TikTok sale in US

  30-08-2020 13:00 via uk.finance.yahoo.com
  
  The new measures may slow ByteDance’s sale of TikTok’s US operation as it could need Beijing’s approval.
  
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• How I’m making a passive income with £100 a week and the FTSE 100

  30-08-2020 12:46 via uk.finance.yahoo.com
  
  Rupert Hargreaves explains the investment strategy he's using to build a passive income stream with the FTSE 100 and just a small amount per week. The post How I'm making a passive income with £100 a week and the FTSE 100 appeared first on The Motley Fool UK.
  
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• 'This isn't the 1990s': Apple under pressure from app developers

  30-08-2020 12:20 via uk.finance.yahoo.com
  
  'This isn't the 1990s': Apple under pressure from app developersFacebook, Amazon and Google all have their problems, but Apple is losing friends faster
  
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• Why I think the National Grid share price can help you get rich

  30-08-2020 12:09 via uk.finance.yahoo.com
  
  Rupert Hargreaves explains why he thinks the National Grid share price has the potential to produce large returns for investors.The post Why I think the National Grid share price can help you get rich appeared first on The Motley Fool UK.
  
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