Business news

• Manchester handed noon deadline to reach deal on Covid controls

  19-10-2020 23:47
  London government says it will act unilaterally on imposing tier 3 restrictions as north-south dispute intensifies
  
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• Pelosi, Mnuchin continue US stimulus talks as Tuesday deadline nears

  19-10-2020 23:45 via uk.finance.yahoo.com
  
  House Speaker Nancy Pelosi made progress in US stimulus negotiations with Treasury Secretary Steven Mnuchin but a Tuesday deadline for a deal is looming, an aide to the Democratic lawmaker said Monday.
  
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• UK government extends price cap on energy bills to end of 2021

  19-10-2020 23:43 via uk.finance.yahoo.com
  
  The British government said on Monday it has extended its price cap on the most common form of gas and electricity tariffs for millions of UK households until the end of next year.The government said the move has so far saved customers around 1 billion pounds ($1.3 billion) a year, equivalent to around 75-100 pounds a year for typical households on default energy tariffs.Under the extension, a total of around 11 million households across Britain will be protected fr
  
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• US stocks tumble; Paris hit by glitch

  19-10-2020 23:33 via uk.finance.yahoo.com
  
  US and European stock markets were mostly lower Monday as a technical hiccup hit Paris and investors saw dwindling chances of a US stimulus package.
  
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• Cap on energy bills for 15m UK homes extended until 2021

  19-10-2020 23:30 via uk.finance.yahoo.com
  
  Cap on energy bills for 15m UK homes extended until 2021Cap saved £75-£100 a year for average household using standard dual fuel energy tariff
  
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• Greater Manchester given deadline of midday Tuesday to accept Tier 3 coronavirus restrictions

  19-10-2020 23:18 via uk.finance.yahoo.com
  
  The Government has given Greater Manchester a matter of hours to reach an agreement over the introduction of tougher coronavirus restrictions.Communities Secretary Robert Jenrick said he has written to local leaders in the region giving them until midday on Tuesday to reach a deal on the issue.
  
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• Market report: IAG enjoys rare lift for aviation sector

  19-10-2020 23:04 via uk.finance.yahoo.com
  
  Europe’s stock markets summoned up an almighty shrug yesterday as a dearth of major economic news and company reporting left little to shift sentiment. London’s top indices both made small moves in opposing directions: the FTSE 100, put under pressure by the pound, which rose slightly on Brexit hopes and dollar weakness, slipped 0.6pc to 5,884.7, while the mid-cap FTSE 250 edged 0.2pc higher to 17,866.1. International Consolidated Airlines (IAG), the owner of British Airways, was the
  
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• Communications breakdown? Tesla turns away from media

  19-10-2020 22:29 via uk.finance.yahoo.com
  
  What's new at Tesla?
  
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• City of London seeks to ‘reinvent itself’ after pandemic

  19-10-2020 22:00
  Square Mile looks to start-ups and flexible ways of working with 5-year recovery plan
  
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• City of London plans to ‘reinvent itself’ after pandemic

  19-10-2020 22:00
  Square Mile looks to start-ups and flexible new ways of working with 5-year recovery plan
  
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• Boohoo shares tumble as auditor PwC quits in wake of worker exploitation allegations

  19-10-2020 21:49 via uk.finance.yahoo.com
  
  Problems deepen for fast fashion group as Big Four accountancy firm quits over concerns for its reputation
  
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• Under the radar? Tesla turns away from media

  19-10-2020 21:38 via uk.finance.yahoo.com
  
  What's new at Tesla?
  
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• London’s pubs struggle to survive as tier 2 lockdown restrictions prevent households meeting up

  19-10-2020 21:36 via uk.finance.yahoo.com
  
  Three days into the new regime and some pubs have already seen asharp drop-off in trade
  
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• Manchester united as mayor fights London over virus

  19-10-2020 21:22
  Andy Burnham appears to have public and business support in region’s stand-off with government
  
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• Victims of no-win, no-fee rip-offs get right to claim compensation from lawyers after court ruling

  19-10-2020 21:14 via uk.finance.yahoo.com
  
  Victims ripped off by “no-win, no-fee” lawyers will be able to claim compensation from them under a landmark court ruling. A High Court has ruled in favour of a woman who was overcharged by her lawyers after seeking compensation for injuries after a moped where she was a pillion passenger was hit by a car. The judge in Leeds ruled Darya Belsner’s lawyers had not properly explained the likely costs to her which prevented her giving informed consent to be charged in the way that
  
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• Almost 11 million households will benefit from energy price cap extension

  19-10-2020 20:40 via uk.finance.yahoo.com
  
  Close to 11 million households in the UK will continue to “get the protection they deserve” on their energy bills, as the Government extends its price cap. Since its introduction in January 2019 the cap has saved customers around £1 billion a year, with a typical annual saving of between £75 and £100. The price limit will be extended until the end of 2021 and an additional four million households with prepayment meters will also come under the protection from Januar
  
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• GardaWorld's £100m for advisers suggests it will have to up its bid for G4S

  19-10-2020 20:38 via uk.finance.yahoo.com
  
  GardaWorld's £100m for advisers suggests it will have to up its bid for G4S. The staggering sums sloshing around the Canadian firm’s takeover attempt will stiffen the nerve of G4S’s investors
  
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• BMW says third quarter cash flow in auto segment was above expectations

  19-10-2020 20:38 via uk.finance.yahoo.com
  
  BMWon Monday said rebounding markets helped the German carmaker to deliver higher-than-expected free cash flow in the automotive segment during the third quarter.Free cash flow amounted to 3.07 billon euros in the third quarter, up from 714 million euros in the year-earlier period, the carmaker said late on Monday."This was due in particular to a faster recovery in several markets, which led to higher sales growth," BMW said in a preliminary earnings release which was published ahead of the comp
  
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• Nokia and NASA to install 4G on the Moon

  19-10-2020 20:36 via uk.finance.yahoo.com
  
  With competition among Earth's telecoms providers as fierce as ever, equipment maker Nokia announced its expansion into a new market on Monday, winning a deal to install the first cellular network on the Moon.
  
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• European stocks mixed; Paris hit by glitch

  19-10-2020 20:21 via uk.finance.yahoo.com
  
  Major European stock markets were mixed Monday as a technical hiccup hit Paris and investors weighed the chances of a US stimulus package, dealers said.
  
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• Facebook unveils machine learning translator for 100 languages

  19-10-2020 20:18 via uk.finance.yahoo.com
  
  Facebook on Monday unveiled software based on machine learning which the company said was the first to be able to translate from any of 100 languages without relying on English.
  
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• Medical lead says Manchester ICU capacity ‘not overwhelmed’

  19-10-2020 20:05 via uk.finance.yahoo.com
  
  Greater Manchester's intensive care capacity is not at risk of being overwhelmed, according to Professor Jane Eddleston, the region's medical lead for the coronavirus response. Prof Eddleston, the executive medical lead for Greater Manchester, said despite the "stark" figures on hospital admissions and coronavirus cases given by the Prime Minister's official spokesman earlier on Monday, extra capacity would be available.
  
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• US charges six Russian military intelligence officers with cyberattacks

  19-10-2020 20:03 via uk.finance.yahoo.com
  
  Six Russian military intelligence officers have been charged with carrying out cyberattacks on Ukraine's power grid, the 2017 French elections and the 2018 Winter Olympics, the US Justice Department announced on Monday.
  
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• UK companies warned to check furlough errors as repayment deadline looms

  19-10-2020 19:59
  Tax experts predict thousands will be caught out after guidance changed 140 times since March
  
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• Companies warned to check furlough errors as repayment deadline looms

  19-10-2020 19:59
  Tax experts predict thousands will be caught out after guidance changed 140 times since March
  
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• ITV shake-up aims to boost streaming and cut costs

  19-10-2020 19:55 via uk.finance.yahoo.com
  
  ITV will cut costs and reduce office space under plans to boost its streaming operations amid the rise of competitors such as Netflix and Disney. The commercial broadcaster will create a new media and entertainment division made up of two new business units - broadcast and on-demand. Director of television Kevin Lygo will be managing director of the division and head the broadcast unit, while chief marketing officer Rufus Radcliffe will lead on-demand. The on-demand unit will take in ITV's catch
  
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• Landsec to sell almost a third of its £12.8bn property portfolio

  19-10-2020 19:35 via uk.finance.yahoo.com
  
  Landsec to sell almost a third of its £12.8bn property portfolioFirm will sell some of its hotel, leisure and retail parks to focus on offices, stores and homes
  
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• ITV to increase focus on streaming to compete with Netflix and Disney

  19-10-2020 19:29 via uk.finance.yahoo.com
  
  ITV to increase focus on streaming to compete with Netflix and DisneyBroadcaster planning more online content but says its big hits will remain on traditional TV
  
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• Uber pledges £5m toward electric vehicle charging points in London

  19-10-2020 19:28 via uk.finance.yahoo.com
  
  Uber pledges £5m toward electric vehicle charging points in LondonFirm will install public chargers in poorer boroughs to persuade its drivers to switch to electric cars
  
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• Coronavirus: Shapps aims for new test system for arrivals

  19-10-2020 19:23 via bbc.co.uk
  
  The UK transport secretary hopes to have it in place from December, but BA's boss is sceptical.
  
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• Mervyn King says Covid furlough scheme may be needed throughout 2021

  19-10-2020 19:17 via uk.finance.yahoo.com
  
  Mervyn King says Covid furlough scheme may be needed throughout 2021. Former Bank of England governor says government should ditch spending limits until crisis passes
  
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• Deloitte to close four regional offices

  19-10-2020 19:16 via uk.finance.yahoo.com
  
  Deloitte will close four regional offices and give about 500 employees the option to work from home permanently as the consultant moves to cut costs. The global accounting giant intends to close its offices in Gatwick, Liverpool, Nottingham and Southampton and offer staff at those locations a contract requiring them to work from home full time, the Financial Times reported. Deloitte did not say when the four offices would close. The firm - one of the 'Big Four' auditors - also allowed the lease
  
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• Billionaire Sir James Dyson to sell Singapore penthouse for £7m loss, just one year after buying it

  19-10-2020 19:16 via uk.finance.yahoo.com
  
  Inventor accepts £35.3m offer on 21,000 square-foot apartment
  
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• European stocks droop; Paris hit by glitch

  19-10-2020 19:08 via uk.finance.yahoo.com
  
  Major European stock markets dropped Monday as a technical hiccup hit Paris and investors weighed the chances of a US stimulus package, dealers said.
  
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• UK exposes Russian cyber attacks against Tokyo Olympics

  19-10-2020 19:00 via uk.finance.yahoo.com
  
  The Government and National Cyber Security Centre (NCSC) say Russian military intelligence has targeted Games officials and organisers.
  
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• Exclusive: Britain bought PPE worth £320m from firms linked to Chinese regime

  19-10-2020 18:59 via uk.finance.yahoo.com
  
  British officials paid up to £320m of taxpayer money to Chinese state-backed companies amid a scramble to secure medical supplies at the height of the coronavirus crisis. Health authorities agreed almost a dozen deals with firms linked to the Communist regime in Beijing as they raced to buy ventilators and PPE after Covid hit, according to Telegraph analysis of contract details published by the Government. The contracts sparked anger from critics who believe the UK should be distancing its
  
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• Britain bought PPE worth £320m from firms linked to Chinese regime

  19-10-2020 18:59 via uk.finance.yahoo.com
  
  British officials paid up to £320m of taxpayer money to Chinese state-backed companies amid a scramble to secure medical supplies at the height of the coronavirus crisis. Health authorities agreed almost a dozen deals with firms linked to the Communist regime in Beijing as they raced to buy ventilators and PPE after Covid hit, according to Telegraph analysis of contract details published by the Government. The contracts sparked anger from critics who believe the UK should be distancing its
  
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• One in 10 stockpiling cash during pandemic, says Bank of England

  19-10-2020 18:52 via uk.finance.yahoo.com
  
  Panicked Britons rushed to stockpile bank notes when the Covid-19 crisis hit even as some areas saw a collapse in ATM withdrawals, according to the Bank of England. Sarah John, its chief cashier, told MPs that around a tenth of Britons are holding more cash at home because of the pandemic despite a sharp drop-off in ATM withdrawals. She said in a Public Accounts Committee hearing that circulation has continued to rise during the pandemic as people hoarded cash and shielding groups used notes to
  
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• Investors unsure if Chinese recovery is worth celebrating

  19-10-2020 18:50 via uk.finance.yahoo.com
  
  Growth of 4.9% in China in the third quarter left traders nervous, sending the FTSE 100 down.
  
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• UK government signals post-Brexit changes to insurance rules

  19-10-2020 18:48
  Review launched into how Solvency II regulations and use of risk margin will be applied nationally
  
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• UK businesses being set up at record rate, register says

  19-10-2020 18:48
  Companies House boss admits criminals seeking to exploit pandemic are taking advantage of lax incorporation rules
  
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• Instagram censored one of these photos but not the other. We must ask why

  19-10-2020 18:30 via uk.finance.yahoo.com
  
  Instagram censored one of these photos but not the other. We must ask why. Celeste Barber’s latest parody was flagged by the platform, but its algorithm’s prejudices aren’t a new problem
  
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• Australia's post-Covid jobs snapback is all about part-time work

  19-10-2020 18:30 via uk.finance.yahoo.com
  
  Australia's post-Covid jobs snapback is all about part-time work. While most states (excluding Victoria) have recovered about 75% of hours lost, full-time work remains at record lows
  
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• How to save money working from home this winter

  19-10-2020 18:29 via bbc.co.uk
  
  Some experts say energy bills could double - here's how to stop that happening.
  
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• Minister sets December 1 target for faster UK airport Covid tests

  19-10-2020 18:28
  Regime could halve the two-week quarantine imposed on passengers arriving from overseas
  
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• December 1 target set for faster UK airport Covid tests

  19-10-2020 18:28
  Planned regime could halve 2-week quarantine for passengers but industry warns on threat to future
  
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• Stock market crash: I’d buy these cheap shares in an ISA for a passive income!

  19-10-2020 18:24 via uk.finance.yahoo.com
  
  The stock market crash has created lots of cheap shares to buy for tax-free gains and a passive income. I like the look of this FTSE 100 stock.
  The post Stock market crash: I’d buy these cheap shares in an ISA for a passive income! appeared first on The Motley Fool UK.
  
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• One in 10 Brits keeping more cash at home because of COVID-19

  19-10-2020 18:23 via uk.finance.yahoo.com
  
  Economic uncertainty has encouraged 'hoarding,' while low interest rates have limited the benefits of holding money at banks, according to the Bank of England.
  
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• Stock market crash: Are these dividend-paying UK shares too good to miss?

  19-10-2020 18:14 via uk.finance.yahoo.com
  
  Royston Wild reckons that one of these UK shares could help you get stinking rich. Which one should you buy for your Stocks and Shares ISA today?
  The post Stock market crash: Are these dividend-paying UK shares too good to miss? appeared first on The Motley Fool UK.
  
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• Rolls-Royce: why I’m a bull and would buy the shares right now

  19-10-2020 18:03 via uk.finance.yahoo.com
  
  Here’s why, from the current depressed level near 219p, which is around 80% below its August 2018 peak, I’d be a buyer of Rolls-Royce shares now.
  The post Rolls-Royce: why I’m a bull and would buy the shares right now appeared first on The Motley Fool UK.
  
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