Business news

• Boris Johnson faces rebellion over Covid job support for workers

  11-10-2020 23:58
  Tory MPs in northern England want higher wage subsidies for employees at companies forced to close
  
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• Johnson faces rebellion over Covid job support for workers

  11-10-2020 23:32
  Tory MPs want higher wage subsidies for employees at companies forced to close
  
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• Coronavirus: Services sector recovery slows amid new restrictions

  11-10-2020 23:00 via uk.finance.yahoo.com
  
  Many firms also reined in plans for returning to the office in a further blow to industry.
  
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• Exclusive: TikTok rival Triller explores deal to go public - sources

  11-10-2020 21:06 via uk.finance.yahoo.com
  
  The deal would come as Triller seeks to capitalize on TikTok's woes.U.S. President Donald Trump's administration has ordered TikTok's Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China's Communist Party government.TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.
  
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• Banks call back stayaway staff abroad amid tax warning

  11-10-2020 21:00
  Employees working from holiday homes during pandemic could face large bill
  
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• Levelling up the North ‘must have a more surgical approach’

  11-10-2020 20:42 via uk.finance.yahoo.com
  
  Ministers need to take a surgical neighbourhood-led approach to “levelling up” ambitions in order to tackle rampant post-Covid inequalities, senior business leaders have warned. The first report of the new Covid Recovery Commission, led by Tesco and Barratt chairman John Allan, also pressed for the Government to devolve more powers to local politicians and mayors to address already deprived areas now bearing a disproportionate brunt from the pandemic. Despite ministerial focus on &ld
  
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• Avocado supplier for British supermarkets accused of human rights abuses

  11-10-2020 20:05 via uk.finance.yahoo.com
  
  An Avocado farm which supplies British supermarkets is at the centre of a major legal battle over alleged human rights abuses against employees and the wider community. The British owner of the Kakuzi farming estate in Kenya is being sued by 79 individuals who claim to have suffered brutality at the hands of its security guards. Supermarkets including Tesco, Sainsbury’s and Lidl have avocados supplied by Kakuzi, which is owned by British-based Camellia. Ten rapes and an attack which left a
  
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• New Scottish development bank to clean up North Sea oil

  11-10-2020 19:20 via uk.finance.yahoo.com
  
  A new development bank owned by the Scottish government will seek to drive the North Sea’s transition to a lower-carbon future as part of a mission-based investment strategy. The head of the Scottish National Investment Bank said the rest of the UK could benefit from investments focused on furthering social and economic goals as it aimed to clean up North Sea oil. Willie Watt, the former chief executive of asset manager Martin Currie, revealed the first investments by the bank were expecte
  
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• Ofgem chief seeks to calm row over UK energy groups’ returns

  11-10-2020 18:58
  Regulator calls on businesses to work with it in ‘spirit of co-operation’ to resolve dispute
  
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• Factory workers 'robbed of tens of millions' UK retail group tells Priti Patel

  11-10-2020 18:46 via uk.finance.yahoo.com
  
  The UK’s retail industry has accused the government of failing to act on the exploitation of factory workers.
  
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• Factory workers 'robbed of tens of millions in wages' UK retail group tells Priti Patel

  11-10-2020 18:46 via uk.finance.yahoo.com
  
  The UK’s retail industry has accused the government of failing to act on the exploitation of factory workers.
  
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• Facebook approved 200 ‘dangerous’ QAnon ads

  11-10-2020 18:27 via uk.finance.yahoo.com
  
  Facebook pushed adverts linked to the QAnon conspiracy theory into its users’ feeds as many as 2.4m times this spring and summer, profiting from the movement and helping it grow even as employees investigated its potential for violence. The social media giant first removed a network of fake accounts seeking to spread QAnon’s beliefs in April this year, and finally banned all QAnon groups, pages and Instagram accounts from its services last week. However, between those two points, Fac
  
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• Five Eyes alliance warns tech companies that encryption ‘creates severe risks to public safety’

  11-10-2020 16:46 via uk.finance.yahoo.com
  
  The governments of seven countries including the UK and the US have publicly warned technology companies that offering unbreakable encryption to their users “creates severe risks to public safety”. Ministers from the “Five Eyes” intelligence sharing alliance of the UK, US, Canada, Australia and New Zealand published a statement on Sunday which called on technology companies to build ways to regularly hand encrypted private messages to police and governments. “We urg
  
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• Five Eyes alliance warns tech companies that encryption 'creates severe risks to public safety'

  11-10-2020 16:46 via uk.finance.yahoo.com
  
  The governments of seven countries including the UK and the US have publicly warned technology companies that offering unbreakable encryption to their users “creates severe risks to public safety". Ministers from the “Five Eyes” intelligence sharing alliance of the UK, US, Canada, Australia and New Zealand published a statement on Sunday which called on technology companies to build ways to regularly hand encrypted private messages to police and governments. “We urge indu
  
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• Textile workers 'denied tens of millions in unpaid wages'

  11-10-2020 16:35 via bbc.co.uk
  
  The retail industry says there has been inaction over the "injustice" of low paid textile workers.
  
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• Tougher lockdown rules are ‘counterproductive’, Ocado boss says

  11-10-2020 16:28 via uk.finance.yahoo.com
  
  Another lockdown would be the Government’s “biggest blunder”, according to the chairman of Ocado. Lord Stuart Rose, the former executive chairman of Marks & Spencer, described the 10pm curfew that has been imposed on pubs and restaurants across England, Wales and Scotland for more than a fortnight as “bungled”. It demonstrated ministers’ “lack of foresight and strategic thinking” and risked millions of workers losing their jobs, he claimed. Wri
  
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• £3k to invest in an ISA? 2 UK shares I’d buy for a prolonged economic downturn

  11-10-2020 15:52 via uk.finance.yahoo.com
  
  Are you reluctant to buy UK shares because of the tough economic outlook? Well don't despair. Here are two top stocks I think could help you get rich.
  The post £3k to invest in an ISA? 2 UK shares I’d buy for a prolonged economic downturn appeared first on The Motley Fool UK.
  
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• UK retail body steps up calls for government action on illegal pay

  11-10-2020 15:01
  More than 10,000 factory workers denied £27m in wages since July, says British Retail Consortium
  
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• FCA action against companies dropped at start of pandemic

  11-10-2020 14:53
  Number of enforcement cases opened by City of London regulator fell sharply
  
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• Stock market crash: 3 top UK shares I’d buy in an ISA and hold for 10 years

  11-10-2020 14:42 via uk.finance.yahoo.com
  
  I don't care about the uncertain economic environment, I continue to buy UK shares for my ISA. And I'm thinking of adding these top stocks to it too.
  The post Stock market crash: 3 top UK shares I’d buy in an ISA and hold for 10 years appeared first on The Motley Fool UK.
  
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• ECB's Lane braces for tougher phase for euro zone economy - WSJ

  11-10-2020 14:27 via uk.finance.yahoo.com
  
  The euro zone zone economy is entering a tougher phase as a surge in coronavirus cases puts a question mark over the recent rebound, the European Central Bank's chief economist Philip Lane said in an interview published on Sunday."The next phase is going to be tougher," Philip Lane told the Wall Street Journal.Lane reaffirmed his line that the 1.3% inflation rate currently expected in 2022 was "far away" from the central bank's goal of just under 2%.
  
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• Jenrick defends chancellor's package

  11-10-2020 14:22 via uk.finance.yahoo.com
  
  Communities Secretary Robert Jenrick has defended the chancellor's package of measures to support people and businesses affected by Covid-19, but says we "can't do everything" while in a severe recession.
  .
  
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• Have £5k to invest in an ISA? I’d buy UK shares despite the threat of stock market crash 2

  11-10-2020 13:48 via uk.finance.yahoo.com
  
  Buying UK shares in an ISA could be a sound move, in my view. It may lead to long-term growth despite the prospect of a second stock market crash.
  The post Have £5k to invest in an ISA? I’d buy UK shares despite the threat of stock market crash 2 appeared first on The Motley Fool UK.
  
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• Firms move €150bn of UK assets to France ahead of Brexit

  11-10-2020 13:41 via uk.finance.yahoo.com
  
  At least €150bn of assets have been decamped from the City to France ahead of Brexit, according to the governor of the Banque de France. As trade talks with Brussels enter a critical week, ahead of a highly anticipated meeting of European leaders on Thursday and Friday, François Villeroy de Galhau told the Europlace International Financial Forum that since September, the bank had authorised 21 investment firms, four credit institutions and seven third-country branches to “ensur
  
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• How I’d get ready for buying opportunities in the next stock market crash

  11-10-2020 13:32 via uk.finance.yahoo.com
  
  The next stock market crash could be an excellent buying opportunity. Preparing for it now may prove to be a profitable long-term move.
  The post How I’d get ready for buying opportunities in the next stock market crash appeared first on The Motley Fool UK.
  
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• EU trade chief calls on U.S. to drop tariffs in Airbus-Boeing dispute - FT

  11-10-2020 13:23 via uk.finance.yahoo.com
  
  Repairing the transatlantic relationship would be EU's top priority, and the U.S. should withdraw its Airbus-related tariffs as a confidence-building measure, Dombrovskis told https://on.ft.com/2GEqmap the FT."Of course, if the US is not withdrawing their tariffs we have no choice but to then introduce our tariffs," he was quoted as saying.
  
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• At 520p, is the easyJet share price too cheap?

  11-10-2020 13:19 via uk.finance.yahoo.com
  
  The easyJet share price has plunged in 2020. But, as the company continues to struggle, the stock might fall further, says this Fool.The post At 520p, is the easyJet share price too cheap? appeared first on The Motley Fool UK.
  
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• No savings at 60? Here’s what I’d do immediately

  11-10-2020 13:15 via uk.finance.yahoo.com
  
  If you have no savings at 60, following this strategy could help you build a large financial nest egg in a relatively short amount of time.The post No savings at 60? Here’s what I’d do immediately appeared first on The Motley Fool UK.
  
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• FTSE set to rise despite threat of tougher local lockdowns – live updates

  11-10-2020 13:07 via uk.finance.yahoo.com
  
  Facebook approved 200 ‘dangerous’ QAnon ads FTSE set to open in the green Roger Bootle: AI and shifting demographics offer bright future beyond Covid gloom Sign up here for our daily business briefing newsletter
  
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• M&S prepares programme to tackle Christmas food waste

  11-10-2020 12:46 via uk.finance.yahoo.com
  
  In an effort to tackle food waste, the high street stalwart is looking to its supply chain to crack the issue of waste reduction.
  
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• India's Modi launches property card scheme to aid rural households

  11-10-2020 12:13 via uk.finance.yahoo.com
  
  Indian Prime Minister Narendra Modi launched a property card scheme on Sunday that he vowed would provide clarity of property rights in villages and enable farmers to use their property as collateral for loans from financial institutions.Two-thirds of India's population lives in rural areas, where few possess proper land records and property disputes are common."This is a historic effort towards rural transformation," Modi said in a webcast speech while launching the programme.
  
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• How £500 a month can make you a millionaire with UK shares

  11-10-2020 12:13 via uk.finance.yahoo.com
  
  Here’s how you really can grow an investment pot of money worth at least one million pounds by investing £500 per month in UK shares.
  The post How £500 a month can make you a millionaire with UK shares appeared first on The Motley Fool UK.
  
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• ‘Massive holes’ leave fewer than one in 15 protected under jobs scheme, says Labour

  11-10-2020 12:01 via uk.finance.yahoo.com
  
  Less than one in 15 jobs in businesses that have closed during the pandemic will benefit from the expansion of the Chancellor's job support scheme, Labour has said.Shadow business secretary Ed Miliband said nearly one million jobs will be put at risk and Rishi Sunak's latest announcement was putting whole sections of the economy on the "scrapheap".
  
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• Stop saving, start buying dividend stocks: a simple plan to retire early

  11-10-2020 11:56 via uk.finance.yahoo.com
  
  As interest rates plunge for savers, dividend stocks are the perfect alternative for those investors who are looking to retire early.The post Stop saving, start buying dividend stocks: a simple plan to retire early appeared first on The Motley Fool UK.
  
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• Mayors and councils to be given greater control over Covid test-and-trace

  11-10-2020 11:56
  England’s deputy chief medical officer warns UK at ‘tipping point’ similar to March outbreak
  
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• ECB's Visco says bank needs symmetrical inflation target, more transparency - newspaper

  11-10-2020 11:52 via uk.finance.yahoo.com
  
  Board member Ignazio Visco said the European Central Bank should set a clearer inflation target and should attribute the opinions published in its minutes to the relevant policymakers for greater transparency.Visco, who is governor of the Bank of Italy, told daily newspaper Il Corriere della Sera that the ECB's current target of inflation below but close to 2% in the medium term was "vague and difficult to understand"."I think the target must be symmetrical," he said in an interview published on
  
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• Forget UK lottery games! I’d buy UK shares regularly to boost your odds of retiring early

  11-10-2020 11:44 via uk.finance.yahoo.com
  
  Buying UK shares could be a better means of improving your retirement prospects than playing UK lottery games in my opinion.
  The post Forget UK lottery games! I’d buy UK shares regularly to boost your odds of retiring early appeared first on The Motley Fool UK.
  
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• Lakers coach Frank Vogel complains about two late-game fouls in game 5

  11-10-2020 11:31 via ibtimes.co.uk
  
  The Lakers still lead the series 3-2 after losing game 5.
  
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• Scammers exploit Covid to steal from stressed bank customers

  11-10-2020 11:30 via uk.finance.yahoo.com
  
  Scammers exploit Covid to steal from stressed bank customers. Criminals are adapting their tactics to take advantage of those spending more time at home and feeling vulnerable
  
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• Geneva to introduce world-record £19 hourly minimum wage

  11-10-2020 11:28 via uk.finance.yahoo.com
  
  The wage rise was approved by just over 58% of Geneva voters and the measure is expected to come into effect on 17 October.
  
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• Brexit: UK government warns businesses to 'act now' on transition preparation

  11-10-2020 11:23 via uk.finance.yahoo.com
  
  The EU and UK have been negotiating for months on the finer points of the exit agreement.
  
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• U.S. sanctions turn up heat but Huawei serving European 5G clients - executive

  11-10-2020 11:02 via uk.finance.yahoo.com
  
  Chinese telecom giant Huawei is finding it harder to counter U.S. sanctions designed to choke off its access to semiconductors but can continue to serve European 5G network clients, a senior European executive told an Austrian newspaper.The world's biggest maker of mobile telecommunications equipment and smartphones was still "looking for a solution" to help millions of Huawei phone users after Googlewas banned from providing technical support for new Huawei phone models using mobile operating s
  
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• Asian coaches react to diversity question raised by Black coaches in the NBA

  11-10-2020 10:59 via ibtimes.co.uk
  
  Erik Spoelstra says he would love to open the doors for more Asians to get into the NBA.
  
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• Stock market crash part 2: how I’d find the best UK shares to buy in a crisis

  11-10-2020 10:46 via uk.finance.yahoo.com
  
  Buying financially-sound businesses with competitive advantages could be a sound move in my view. It may help you to overcome the next stock market crash.
  The post Stock market crash part 2: how I’d find the best UK shares to buy in a crisis appeared first on The Motley Fool UK.
  
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• Will HSBC shares ever get back to 500p?

  11-10-2020 10:33 via uk.finance.yahoo.com
  
  The HSBC share price hit a 25-year low in September. Can the UK's biggest bank ever return to its former glory or is it a value trap to be avoided?
  The post Will HSBC shares ever get back to 500p? appeared first on The Motley Fool UK.
  
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• I’d make a million following Warren Buffett after the stock market crash

  11-10-2020 10:29 via uk.finance.yahoo.com
  
  Warren Buffett has made a huge fortune buying shares during a stock market crash. Here's how investors can copy his approach to get rich.The post I’d make a million following Warren Buffett after the stock market crash appeared first on The Motley Fool UK.
  
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• NBA star Klay Thompson fulfills childhood dream, lands official endorsement for Nerf

  11-10-2020 10:28 via ibtimes.co.uk
  
  Thompson plans to collect Nerf guns and play with every shipment he receives from the company.
  
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• Week ahead: Brexit endgame, UK jobs data and IMF World Economic Outlook

  11-10-2020 10:26 via uk.finance.yahoo.com
  
  Markets will be steered by coronavirus infection rates and whether fresh data will show a resurgent impact of COVID-19 on the global economy.
  
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• Haunted by Christmas past, Britain's M&S tackles food waste

  11-10-2020 10:21 via uk.finance.yahoo.com
  
  British retailer Marks & Spencer , seeking to avoid a repeat of last Christmas when its performance was ruined by excessive food waste, is rolling out a supply chain programme it says will crack the problem.Reporting on festive trading in January, two months before the COVID-19 pandemic brought much of Britain to a standstill, Chief Executive Steve Rowe said that while M&S had enjoyed record food sales its profit margins were dented by high levels of waste.M&S normally accounts for j
  
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• Putting wind power into the UK’s sails

  11-10-2020 10:00
  Boris Johnson has a grand vision for clean power generation, but does it have substance?
  
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