Business news

• Apple hires Hollywood dealmaker to boost TV Plus video service

  06-09-2020 23:51 via uk.finance.yahoo.com
  
  Apple has hired a top Hollywood dealmaker as its internet TV service attempts to gain a foothold in the increasingly competitive video streaming market. Tim Connolly, a former executive at Disney and streaming start-up Quibi, has joined Apple’s TV division, according to his LinkedIn profile. Mr Connolly helped launch the live TV offering from Disney’s Hulu internet video service, striking deals that brought major networks on board. He also helped engineer a deal with Spotify to sell
  
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• Johnson tells EU to agree trade deal by Oct. 15 or 'move on'

  06-09-2020 23:34 via uk.finance.yahoo.com
  
  Britain has set a deadline of Oct. 15 to strike a free-trade deal with the European Union, and if none is agreed both sides should "accept that and move on," UK Prime Minister Boris Johnson will say on Monday.Britain left the EU on Jan. 31 but there has been little progress on a new trade deal after a status-quo transition arrangement ends in December.Talks, which have stalled over Britain's insistence that it has full autonomy over state aid and fishing, are due to resume in London on Tuesday.
  
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• Production of Nissan’s UK flagship vehicle delayed further

  06-09-2020 23:00
  New Qashqai model was supposed to embody carmaker’s commitment to Britain after Brexit
  
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• Furlough’s end heralds autumn of job losses

  06-09-2020 22:45 via uk.finance.yahoo.com
  
  Britain is facing a grim autumn of job cuts after fresh evidence emerged today that most mid-sized UK businesses expect to cut staff when the furlough scheme ends, while the manufacturing industry could lose skilled workers permanently as companies warn the Government risks removing a key plank of support before the economy recovers. It raises the prospect of a full-blown unemployment crisis in the autumn, ratcheting up pressure on the Chancellor, Rishi Sunak, to extend the job retention scheme
  
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• Brexit: Boris Johnson tells EU that free trade deal must be done by 15 October

  06-09-2020 22:39 via uk.finance.yahoo.com
  
  Boris Johnson has told the EU that a free trade deal must be done by 15 October otherwise the UK will "move on".
  
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• Tory MPs pile pressure on PM over ‘levelling-up’ promise

  06-09-2020 22:13 via uk.finance.yahoo.com
  
  A think tank close to the Government has assembled a task force of 40 Conservative MPs to put pressure on the Prime Minister to fulfil his “levelling up” agenda. Onward also published a report underlining the political importance of improving regional equality to the Tory party. It finds that earnings in Conservative seats are on average 5pc lower than in Labour seats and houses are worth a third less. Of the bottom quarter of constituencies with the lowest earnings, three more were
  
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• UK coronavirus cases verge on 3,000 in 24 hours

  06-09-2020 21:56 via uk.finance.yahoo.com
  
  The United Kingdom registered almost 3,000 new coronavirus cases over 24 hours, a level not seen since late May, health ministry figures showed Sunday.
  
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• Ofgem under pressure to rethink crackdown on UK energy networks

  06-09-2020 20:00
  Suppliers warn regulator that cutting returns will threaten jobs, climate targets and power security as well as investors
  
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• SoftBank sits on $4bn of trading gains after options bet

  06-09-2020 19:42 via uk.finance.yahoo.com
  
  SoftBank is reportedly sitting on trading gains of about $4bn (£3bn) after a series of colossal bets on equity derivatives by founder Masayoshi Son. SoftBank has spent $4bn on options premiums focused on individual US technology stocks in the past few months, according to the Financial Times which said the move had helped propel US technology stocks to record highs in recent sessions. Last week, claims first emerged that SoftBank was the “Nasdaq whale” which was pumping up the
  
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• D-Day looms for Asda takeover bids

  06-09-2020 19:38 via uk.finance.yahoo.com
  
  The future of Asda could be decided this week, as private equity firms finalise bids for the £6.5bn supermarket chain. Rivals Apollo Global Management and Lone Star Funds are understood to have been preparing offers to buy Britain’s third largest supermarket from US giant Walmart. Bids are due on Monday. Both companies drafted in retail veterans to help advise on their offers, hiring Rob Templeman, the former boss of Debenhams, and Paul Mason, ex-Asda CEO, respectively. The two firms
  
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• Former Gulf Keystone boss Kozel still facing US charges

  06-09-2020 19:32 via uk.finance.yahoo.com
  
  Former Gulf Keystone Petroleum chief executive Todd Kozel still faces criminal charges in the US over allegations that he used a scheme to defraud his ex-wife Ashley over their divorce settlement, despite his attempts to get the case thrown out. Mr Kozel filed papers in New York in January, arguing that the money laundering and wire fraud charges should be dropped as, among other matters, the behaviour alleged did not amount to criminality. “This court, and the federal criminal justice in
  
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• Trust Inns coughs up £1m dividend amid lockdown fear

  06-09-2020 19:16 via uk.finance.yahoo.com
  
  Pub chain Trust Inns paid out a £1m dividend for the year ending March 31, but has warned of the risks to the chain of a second lockdown. Owned by the Preston North End owner Trevor Hemmings, Trust Inns has more than 350 tenanted pubs across the UK. Profits fell from £7.3m to £5.6m for the year ending March 31, on turnover which fell from £41m to £39m. All of the company’s pubs were closed under the lockdown which started in March 27, but bosses said more than
  
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• UK universities and staff face huge jump in pension contributions

  06-09-2020 19:13
  Retirement scheme deficit jumps from £3bn to £18bn in two years
  
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• Suez boss says Veolia's offer 'disastrous' for France

  06-09-2020 18:38 via uk.finance.yahoo.com
  
  The head of Suezdismissed an offer by water and waste management rival Veoliato buy a stake as "disastrous" for France.Last Sunday Veolia offered 2.9 billion euros ($3.4 billion), or 15.50 euros per share, to buy a 29.9 per cent stake in Suez from electric utility Engie.Suez CEO Bertrand Camus told French daily Le Figaro this was an "opportunistic financial operation", which undervalued Suez assets and "underestimates competition issues and execution risk".
  
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• Rail firms to restore 90% of services amid back-to-work push

  06-09-2020 18:00 via uk.finance.yahoo.com
  
  Rail firms to restore 90% of services amid back-to-work pushMove follows government pressure to get more commuters back to their offices and workplaces* Coronavirus – latest updates* See all our coronavirus coverage
  
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• NBA Conference semi-finals update

  06-09-2020 17:54 via ibtimes.co.uk
  
  The Milwaukee Bucks are facing an unexpected early elimination.
  
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• Italy wants to find a buyer for Monte dei Paschi by year-end - sources

  06-09-2020 17:50 via uk.finance.yahoo.com
  
  Italy's Treasury wants to find a buyer for Monte dei Paschi di Sienaby the end of the year to help the bailed-out bank to clean up its remaining problem loans, two sources familiar with the matter said.The government rescued Monte dei Paschi in 2017, taking a 68% stake for 5.4 billion euros ($6.4 billion), but must sell its holding next year to meet the terms of the bailout negotiated at the time with European Union competition authorities.To attract buyers, Monte dei Paschi plans to offload 8.1
  
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• Arron Banks claims Noel Edmonds owes his company £1.3m following Lloyds dispute

  06-09-2020 17:19 via uk.finance.yahoo.com
  
  Arron Banks has allegedly become embroiled in a row with TV presenter Noel Edmonds over claims that he is owed £1.3 million, and has reportedly deployed satellites and private investigators to locate the TV personality. Mr Edmonds – who is best known as the presenter of the Channel 4 game show Deal or No Deal – is accused by Mr Banks of moving to New Zealand to avoid paying. Mr Banks, who bankrolled Nigel Farage’s Brexit campaign and co-founded Leave.EU campaign in 2015,
  
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• Homeless housing investor plans London debut

  06-09-2020 15:55 via uk.finance.yahoo.com
  
  A company which will invest in housing for homeless people has announced plans for a London stock market debut, citing growing demand. Home REIT is seeking to raise £250m in the float, with the cash to be invested in accommodation across the UK. The company is planning to lease properties to registered charities and housing associations which have a "proven track record" and receive government support. The aim is to offer them long leases terms of between 20 and 30 years. The company said
  
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• Coronavirus: Working from home damaging economy, Raab warns

  06-09-2020 15:40 via bbc.co.uk
  
  The government wants more workers back into offices, while other warn a swift return is unlikely
  
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• Arm wrestling exposes UK industrial policy gaps

  06-09-2020 15:24
  Ministers must set out a coherent strategy
  
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• Evidence of further surveillance at Credit Suisse mounts up - SonntagsZeitung

  06-09-2020 15:14 via uk.finance.yahoo.com
  
  Credit Suissemay have spied on more employees under its former chief executive Tidjane Thiam, Swiss newspaper SonntagsZeitung reported on Sunday, citing evidence of two further instances that had previously been undisclosed.Switzerland's market watchdog, FINMA, opened an enforcement case on Wednesday over the spying scandal to examine the bank's culture and governance and whether management control failures allowed snooping on former executive board members.Revelations of corporate espionage had
  
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• Brooklyn Nets coach Steve Nash invites Dirk Nowitzki to join coaching staff

  06-09-2020 14:53 via ibtimes.co.uk
  
  Theformer teammates have a chance to reunite under different circumstances.
  
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• Milwaukee Bucks star Giannis Antetokounmpo suffers injury, may miss crucial Game 4

  06-09-2020 14:13 via ibtimes.co.uk
  
  The Bucks may need to overcome a 0-3 deficit without their star forward.
  
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• FTSE set to climb as Brexit talks face a ‘moment of reckoning’ – live updates

  06-09-2020 14:10 via uk.finance.yahoo.com
  
  Pressure on Sunak as furlough shuts down threatens jobs after October Johnson set to override EU withdrawal agreement, FT reports FTSE set to climb Jeremy Warner: When money dies, the barbarous relic – gold – comes into its own Sign up here for our daily business briefing newsletter
  
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• France to look with 'fairness' at any offer for Engie's Suez stake - Le Maire

  06-09-2020 13:08 via uk.finance.yahoo.com
  
  The French state will look with "fairness" at waste and water management company Veolia'soffer for Engie'sstake in Suezas well as at any other offer that could emerge, Finance Minister Bruno Le Maire said on Sunday.It was paramount that jobs in France be preserved in any deal, that the future majority shareholder be French and that the valuation of the future deal be "satisfactory" for the French state, which has a stake in Engie, he said.
  
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• How much did the Covid-19 lockdown really cost the UK?

  06-09-2020 13:01 via uk.finance.yahoo.com
  
  How much did the Covid-19 lockdown really cost the UK?. Economists have conducted a cost-benefit analysis of the blanket shutdown. It makes for grim reading
  
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• High house prices paint a partial picture of UK real estate

  06-09-2020 13:00
  Signs of a boom over the normally quiet summer months misrepresent the overall health of the market
  
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• 'A risk to firefighters': Trump's drone ban makes it harder to stop wildfires

  06-09-2020 12:00 via uk.finance.yahoo.com
  
  'A risk to firefighters': Trump's drone ban makes it harder to stop wildfires. Insiders at the interior department say a drone shortage has made it more difficult to contain the fires raging across the US
  
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• Mystery seeds: Amazon bans foreign plant sales in US

  06-09-2020 10:52 via bbc.co.uk
  
  Thousands of Americans have received unsolicited packets of seeds this year, mostly from China.
  
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• Renault Captur E-Tech review: the hybrid compact SUV comes of age

  06-09-2020 10:42 via uk.finance.yahoo.com
  
  Plug-in hybrids have always made sense to a lot of people, but they have also always been seriously expensive. Well, that’s starting to change and Renault is leading the charge (if you’ll forgive the pun) on affordable plug-in hybrids with this, the Captur E-Tech plug-in hybrid (usually abbreviated to PHEV). The Captur E-Tech is one of the first of the non-premium compact SUVs to get plug-in hybrid technology, but is it going to be a hard one for the rest of the class to beat? Pros:
  
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• That sync'ing feeling – when your soundbar lets you down

  06-09-2020 10:01 via uk.finance.yahoo.com
  
  That sync'ing feeling – when your soundbar lets you downModels of all types can develop audio-video synchronisation problems ... and it may prove impossible to fix
  
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• Ireland must set aside one billion euros for no-deal Brexit - minister

  06-09-2020 10:00 via uk.finance.yahoo.com
  
  Ireland will need to set aside at least 1 billion euros in next month's budget for 2021 to prepare for the possibility of a no-deal Brexit, Foreign Minister Simon Coveney was quoted as saying on Sunday.Ireland's economy is considered the most vulnerable EU member to an unruly British exit due to its close trade links and Dublin set aside a similar amount a year ago when the initial withdrawal negotiations went to the wire.Britain ended up leaving the European Union on Jan. 31 but talks have so f
  
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• From viral conspiracies to exam fiascos, algorithms come with serious side effects

  06-09-2020 10:00 via uk.finance.yahoo.com
  
  From viral conspiracies to exam fiascos, algorithms come with serious side effectsA mesmerising, unaccountable kind of algorithm – machine learning – is blinding governments to the technology’s often disastrous flaws
  
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• Israeli business delegations led by banks Hapoalim, Leumi to visit UAE

  06-09-2020 09:26 via uk.finance.yahoo.com
  
  The heads of Israel's two biggest banks will travel to the United Arab Emirates (UAE) this month, the first such visits since the two countries agreed to normalise relations.One delegation led by Bank Hapoalimwill leave on Sept. 8 and visit Abu Dhabi and Dubai, where it will meet with government and trade officials as well as the heads of the largest banks in the UAE.Hapoalim CEO Dov Kotler on Sunday called it "a unique opportunity to establish economic relations and cooperation between our coun
  
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• Who am I? A bank security check that leaves you guessing your own name

  06-09-2020 09:03 via uk.finance.yahoo.com
  
  Who am I? A bank security check that leaves you guessing your own nameConfirmation of Payee was designed to tackle online fraud, but it’s leaving customers unable to transfer funds
  
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• The day for taxation will come. For now, Sunak must budget for growth

  06-09-2020 08:00 via uk.finance.yahoo.com
  
  The day for taxation will come. For now, Sunak must budget for growthNo 11’s warnings of ‘bombshell’ tax rises may have been confected. But if they were true, they would be a mistake
  
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• Amazon bans sales of foreign seeds in US after mystery packets

  06-09-2020 07:23 via uk.finance.yahoo.com
  
  Amazon has banned sales of imported seeds in the United States after thousands of Americans said they had received packets of seeds they had not ordered, mostly from China.
  
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• From window to jug: Lebanese recycle glass from Beirut blast

  06-09-2020 07:12 via uk.finance.yahoo.com
  
  Standing in a pile of broken glass in northern Lebanon, a man heaved shovel-loads of shards -- retrieved from Beirut after the massive explosion at its port -- into a red-hot furnace.
  
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• Will the Netflix deal Prince Harry, Meghan Markle signed bag her an Oscar?

  06-09-2020 07:03 via ibtimes.co.uk
  
  The outlet revealed that Harry and Meghan are following a strategy pursued by Barack and Michelle Obama.
  
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• Why it's OK to prioritise your mental health over your job

  06-09-2020 07:00 via uk.finance.yahoo.com
  
  Prioritising your mental wellbeing over your work is more likely to benefit your career than pushing through and burning out.
  
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• Rihanna is latest victim of e-scooter accident, seen with black eye and bruises

  06-09-2020 06:10 via ibtimes.co.uk
  
  Rihanna didn't receive any "major injuries and is healing quickly" her representative said in a statement.
  
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• PM Johnson, finance minister agree to cut personal taxes before next election - newspaper

  06-09-2020 06:07 via uk.finance.yahoo.com
  
  Sunak will tell lawmakers and voters that the government must raise money now to pay for the coronavirus bailouts, the newspaper reported.The finance minister will outline an "arc" on taxation in November's budget, under which the wealthy will pay heavier taxes, with cuts to follow in 2023 or 2024, the report said.Sunak has no plans for changes to inheritance tax this year, while Johnson is not prepared to sanction rises in income tax, national insurance or value-added tax, the newspaper reporte
  
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• 'Made in Hong Kong' brand suffers as US-China tensions deepen

  06-09-2020 05:42 via uk.finance.yahoo.com
  
  At the Koon Chun Sauce Factory workers are scrambling to cover hundreds of thousands of bottles with new "Made in China" labels as the popular Hong Kong brand falls victim to spiralling diplomatic tensions.
  
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• Crown Princess Elisabeth of Belgium begins military education at Royal Military Academy

  06-09-2020 05:14 via ibtimes.co.uk
  
  The Duchess of Brabant will follow the same programme as her fellow students, it was revealed earlier by the Royal Palace.
  
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• Pamela Anderson is reportedly dating her bodyguard

  06-09-2020 04:59 via ibtimes.co.uk
  
  The duo started dating seven months after she split from Hollywood producer Jon Peters, with whom she had a disastrous marriage of 12 days.
  
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• Bindi Irwin honours father Steve Irwin on his 14th death anniversary

  06-09-2020 04:43 via ibtimes.co.uk
  
  Bindi, her mom Terri and her younger brother Robert paid tribute to Steve Irwin on the anniversary of his tragic death.
  
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• Amazon.com bans foreign sales of seeds in U.S. amid mystery packages

  06-09-2020 02:31 via uk.finance.yahoo.com
  
  The U.S. Department of Agriculture (USDA) in July identified more than a dozen plant species ranging from morning glories to mustard in the bags of unsolicited seeds.According to plant experts, seeds from other parts of the world could be non-native varieties that harm commodity crops."Moving forward, we are only permitting the sale of seeds by sellers who are based in the U.S.," Amazon said in an emailed statement on Saturday.
  
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• Willie Walsh braces for a bumpy last ride in the airline business

  06-09-2020 01:05 via uk.finance.yahoo.com
  
  Willie Walsh braces for a bumpy last ride in the airline business. The BA boss is quitting a reduced carrier that is planning 12,000 job cuts and facing a bruising annual meeting this week
  
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• Volkswagen's labour chief rules out four-day week to save jobs

  06-09-2020 00:15 via uk.finance.yahoo.com
  
  Volkswagensees no need for a four-day week at its plants to secure jobs despite a growing shift to electric cars that are easier to build and require fewer workers, the company's head of labour relations was quoted saying on Sunday.Germany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across industry to help secure jobs, against the backdrop of economic fallout from the coronavirus crisis and structural shifts in the auto sector.
  
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