Business news

• FTSE set to rise ahead of US election – live updates

  02-11-2020 23:50 via uk.finance.yahoo.com
  
  Second lockdown to wipe 12pc off GDP in November FTSE set to rise US markets rally after last week's rout Russell Lynch: There are reasons to be cheerful about the economy Sign up here for our daily Business Briefing newsletter
  
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• US business leaders urge calm, brace for mayhem around election

  02-11-2020 23:40 via uk.finance.yahoo.com
  
  US business leaders are calling for calm following Tuesday's election even as they brace for potential trouble on the streets and inside their companies in case of a disputed result.
  
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• Labour calls for cross-party talks on six-month economic support plan

  02-11-2020 23:30 via uk.finance.yahoo.com
  
  Anneliese Dodds accused her Tory counterpart of taking a 'short-sighted approach'
  
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• PayPal tops estimates amid surge in online shopping but outlook disappoints

  02-11-2020 22:57 via uk.finance.yahoo.com
  
  Shares of the digital payments processor fell more than 6% in extended trade.For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts' estimated growth of about 24%, according to IBES data from Refinitiv.PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global economy, as well as Tuesday's
  
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• The US economy under Trump: By the numbers

  02-11-2020 22:08 via uk.finance.yahoo.com
  
  Prior to the coronavirus, the US economy was on strong footing, propelled by low unemployment, bargain basement borrowing rates and healthy consumer spending.
  
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• Are You Looking For The Best Online Casino In New Zealand?

  02-11-2020 21:50 via ibtimes.co.uk
  
  Are you looking for the best online casino in New Zealand? Well, in this article, we will show you how to keep your gambling journey safe, fun and high quality at the best NZ online casino sites! So let's go!
  
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• Comparing Finland and UK: Online Casino Habits

  02-11-2020 21:32 via ibtimes.co.uk
  
  Online gambling is a phenomenal industry growing at an accelerated pace thanks to technological innovation like mobile gaming and increasing interests by people from different nations such as Finlands Nettikasinot sector.
  
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• Glitches, loopholes dent Facebook election misinformation efforts

  02-11-2020 21:15 via uk.finance.yahoo.com
  
  Despite a concerted effort by Facebook to stem political misinformation ahead of the US elections, false and misleading ads are still circulating as a result of glitches and loopholes -- and what critics claim is weak enforcement of the social media giant's own policies.
  
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• Ocado's £200m robot deal should impress foreign supermarkets

  02-11-2020 21:05 via uk.finance.yahoo.com
  
  Ocado's £200m robot deal should impress foreign supermarketsThe delivery outfit’s takeover of US firm Kindred Systems should help with sales of its warehouse logistics
  
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• Cannes Lions owner Ascential advertises £250m DeHavilland sale

  02-11-2020 20:52 via uk.finance.yahoo.com
  
  The organiser of the Cannes Lions advertising industry jamboree is plotting the sale of a division which includes DeHavilland, the political intelligence provider.
  
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• Markets report: Ocado surges after M&S tie-up clicks

  02-11-2020 20:44 via uk.finance.yahoo.com
  
  Shares in Ocado surged by 8pc after the group raised its guidance following a strong sales performance. The logistics and delivery group said trading across its recently launched joint venture with Marks & Spencer had “remained strong through the fourth quarter”, with “high demand” continuing as consumers migrated to online shopping. It raised its expectations for full-year underlying profit (Ebitda) from £40m to £60m. Finance chief Duncan Tatton-Brown sai
  
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• Under-fire Johnson insists winter lockdown is ‘time-limited’

  02-11-2020 20:20
  PM claims virus could be beaten by spring as he faces anger of business and own MPs over restrictions for England
  
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• Johnson faces anger of business and own MPs over lockdown

  02-11-2020 20:20
  PM claims virus could be beaten by spring and insists restrictions for England ‘time-limited’
  
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• UK Treasury extends emergency business loan scheme

  02-11-2020 20:13 via uk.finance.yahoo.com
  
  UK Treasury extends emergency business loan scheme. Companies can request to ‘top-up’ their borrowing from next week
  
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• Household restrictions in Wales to be relaxed

  02-11-2020 20:13
  Travel to and from nation during England’s lockdown will only be allowed with a reasonable excuse
  
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• Global markets under Trump: Build the Wall (Street)!... and China

  02-11-2020 19:55 via uk.finance.yahoo.com
  
  Donald Trump's campaign slogan in 2016 could have been 'build the Wall Street’, but a scan across global markets throws up plenty of surprises, especially in the emerging economies that have been in Trump's cross-hairs.While the numbers may have been exaggerated by this year's COVID-19 crisis, most analysts agree that Trump's tax cuts, combined with low interest rates and the online boom, have made Wall Street a winner over the last four years.UniCredit's chief economist, Erik Nielsen, hig
  
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• Unilever CEO says we are being ‘seduced by the market’ into not realising extent of Covid economic crisis

  02-11-2020 19:42 via uk.finance.yahoo.com
  
  The chief executive made the comments to a CBI conference panel
  
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• Johnny Depp may have lost his libel case but celebrities will continue to sue the press

  02-11-2020 19:29 via uk.finance.yahoo.com
  
  No matter how strong your case, going to court is a gamble. But for many celebrities, reputation and self-image matter too much not to exercise that right
  
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• The battle to save UK businesses in lockdown

  02-11-2020 19:27
  Fiscal measures will provide a boost but clarity is just as important
  
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• Self-employed to get more financial help

  02-11-2020 19:24 via bbc.co.uk
  
  The government has announced self-employed workers can claim up to 80% of profits, from 40% before.
  
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• Festive cheer lacking for London shoppers as lockdown looms

  02-11-2020 19:21 via uk.finance.yahoo.com
  
  Filling her shopping basket with Christmas cards in a central London department store glittering with baubles and tinsel, 84-year-old Marie Thomas was "fed up".
  
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• Business worried about ‘bunker’ mentality in 10 Downing Street

  02-11-2020 19:18
  Executives increasingly worried about disconnect between Boris Johnson and industry as coronavirus lockdown looms
  
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• Apple confirms ‘special event’ for November 10

  02-11-2020 19:13 via uk.finance.yahoo.com
  
  The tech giant is expected to unveil new versions of its Mac computer line at its third event in three months.
  
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• Rashford: Food bank workers are the real heroes, not me

  02-11-2020 19:10 via uk.finance.yahoo.com
  
  Footballer and campaigner Marcus Rashford has insisted food bank workers are the "real heroes" in the battle against food poverty, whilst calling for structural change in the government's handling of the issue.His comments come as Burberry announced a partnership with the footballer for a series of initiatives to help disadvantaged young people.
  
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• What England's second lockdown means for your finances

  02-11-2020 19:03 via uk.finance.yahoo.com
  
  What England's second lockdown means for your financesWhere you stand with mortgages, furlough scheme, holidays and more during Covid crisis* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Raspberry Pi 400: New computer lives entirely inside a keyboard and costs only $70

  02-11-2020 19:02 via uk.finance.yahoo.com
  
  The latest Raspberry Pi computer has been revealed – and it is just a keyboard.The device has been made amid a rise in the use of Raspberry Pi devices in people’s homes during the pandemic, with students and other people who are finding themselves in need of a computer to study and work remotely, the company said.The new computer is known as the Raspberry Pi 400, and is based on the performance of the Raspberry Pi 4 that was launched last summer.
  
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• These cheap shares pay out billions in cash every year. I’d buy some today!

  02-11-2020 18:51 via uk.finance.yahoo.com
  
  These five big British businesses pay out many billions in cash to shareholders each year. Which of these cheap shares would I buy today?
  The post These cheap shares pay out billions in cash every year. I’d buy some today! appeared first on The Motley Fool UK.
  
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• ‘Ryanair of long-haul travel’ wins over £1m of taxpayer Covid fund

  02-11-2020 18:38 via uk.finance.yahoo.com
  
  A former Lehman Brothers trader has been handed more than £1m of taxpayer cash to set up a new airline, despite established carriers being repeatedly rebuffed in their bids for a bailout. Navdip Singh Judge has secured a seven-figure sum from a £250m Government fund aimed at Covid-hit start-ups for his firm Flypop, which will specialise in low-cost flights to India. The carrier has no planes and is yet to secure an operating licence. The deal threatens to further inflame tensions bet
  
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• TikTok users get access to Sony Music songs

  02-11-2020 18:34 via uk.finance.yahoo.com
  
  Video-snippet sharing sensation TikTok on Monday announced a deal to give users access to Sony Music Entertainment's massive archive of hit tunes.
  
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• UK regulator, insurers, set for November court battle over COVID-19 case

  02-11-2020 18:33 via uk.finance.yahoo.com
  
  The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the coronavirus pandemic, it said on Monday.Small businesses – from cafes and wedding planners to events businesses – have said they faced ruin after attempts to claim compensation for business losses during the pandemic, which prompted a three-month national lockdown in March followed by other res
  
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• The full list of supermarket rules for lockdown shoppers

  02-11-2020 18:32 via uk.finance.yahoo.com
  
  What new rules apply when grocery shopping, read on for updates on the nation’s big supermarkets
  
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• Retailers brace themselves for a nightmare before Christmas

  02-11-2020 18:32 via uk.finance.yahoo.com
  
  Mike Turner, who runs Bird & Blend, a tea seller based in Brighton, can probably count himself lucky. “We're very fortunate that we're in a strong position, split between stores and online,” says the 32-year-old entrepreneur. “[We are] large enough that we can keep up with the constant changes pushed on us, and small enough that we can be agile and change direction as needed, but I feel for all those who aren't in such a good position.” Even so, Turner and his co-foun
  
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• Support for self-employed extended as England prepares for lockdown 2.0

  02-11-2020 18:28 via uk.finance.yahoo.com
  
  Eligible self-employed people will be able to claim up to £5,160.
  
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• Markets gain despite new coronavirus restrictions

  02-11-2020 18:26 via uk.finance.yahoo.com
  
  JD Sports and GVC Holdings, which have high street stores, were badly hit on Monday.
  
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• Comment: CNN’s Julia Chatterley asks if America should consider a universal basic income as Election Day looms

  02-11-2020 18:23 via uk.finance.yahoo.com
  
  On the ballot: an un-American solution to a big American problem
  
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• Carrefour buys Bio C'Bon to accelerate organic food focus

  02-11-2020 18:23 via uk.finance.yahoo.com
  
  Carrefour , Europe's largest retailer, said on Monday it was buying the bankrupt specialist distributor Bio c'Bon for 60 million euros (£54 million), as part of plans to revamp its food range and focus more on organic food.The Paris commercial court on Wednesday validated Carrefour's offer for Bio c'Bon, which had been put under court-ordered restructuring, as it included a commitment to preserve more than 1,000 employees, almost the entire workforce, the Carrefour statement said.The Bio c
  
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• Johnson sees a ‘brighter future’ for Christmas shopping if R rate falls

  02-11-2020 18:19 via uk.finance.yahoo.com
  
  The Prime Minister said his intention was to halve the number of infections.
  
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• Apple to hold November 10 event, analysts expect new Mac computers

  02-11-2020 18:17 via uk.finance.yahoo.com
  
  Apple last month announced a range of new iPhones and also announced new Apple Watches and a services bundle in September.The company in June said it would introduce new Mac computers using its own processor chips, dubbed Apple Silicon, before the end of the year.The Apple Silicon Macs will mark the start of a transition away Intel Corp , Apple's supplier for laptop and desktop processors since 2006.
  
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• BlackRock cuts European stocks on Covid woes, ups EM on U.S. election

  02-11-2020 18:04 via uk.finance.yahoo.com
  
  The world's top asset manager BlackRock downgraded European equities to neutral on Monday on a surge in Covid cases and renewed restrictions though raised exposure to emerging stocks on a rising probability of a democratic sweep in the U.S. vote."Polls are suggesting a greater likelihood of a Democratic sweep in this week’s U.S. election," Mike Pule, global chief investment strategist at the BlackRock Investment Institute said in a note to clients.BlackRock upgrades emerging market equitie
  
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• World equities climb on eve of US election

  02-11-2020 18:00 via uk.finance.yahoo.com
  
  Global equity markets moved higher Monday after last week's painful worldwide sell-off, with attention focused on the US presidential election and a backdrop of rising coronavirus infections across the United States and Europe.
  
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• TikTok signs deal with Sony Music to expand music library

  02-11-2020 18:00 via uk.finance.yahoo.com
  
  The deal will allow Sony Music to use TikTok's platform, home to several viral internet trends and where emerging artists have garnered fans quickly, to promote its artists.The partnership comes a day after the U.S. Commerce Department said it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned TikTok after a federal judge halted the action.
  
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• Businesses to be allowed to top up Covid loans under Government plans

  02-11-2020 17:59 via uk.finance.yahoo.com
  
  Further lockdown restrictions are set to start later this week.
  
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• U.S. manufacturing near two-year high; road ahead difficult

  02-11-2020 17:45 via uk.finance.yahoo.com
  
  The survey on Monday from the Institute for Supply Management (ISM) was the last piece of major economic data before Tuesday's bitterly contested presidential election.Government money for businesses and workers hit by the pandemic, which boosted economic growth in the third quarter, has dried up."Manufacturing rebounded strongly with fewer restrictions on economic activity and stimulus efforts, but the path forward will be more difficult as the economy continues to cope with the pandemic," said
  
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• U.S. manufacturing activity near two-year high; construction spending slows

  02-11-2020 17:45 via uk.finance.yahoo.com
  
  U.S. manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles as the COVID-19 pandemic drags on.The survey on Monday from the Institute for Supply Management (ISM) was the last piece of major economic data before Tuesday's presidential election.The strength in manufacturing will likely keep the economy floating, with growth expected to slow sharply in the fourth qu
  
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• Setback for Nokia in German patent battle with Lenovo

  02-11-2020 17:40 via uk.finance.yahoo.com
  
  A German appeals court on Monday lifted the enforcement of an injunction won by Nokia Oyjin a patent dispute with Lenovo Group Ltdto block the world's largest PC maker from selling its products in Europe's largest economy.Nokia last month enforced the order issued by a lower court in Munich, which found Lenovo had violated the terms of its patented H.264 video-compression technology that is widely used in smartphones and computers.Lenovo said the appeals court had granted its request to stay enf
  
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• These cheap shares pay the UK’s biggest dividends. But which would I buy?

  02-11-2020 17:30 via uk.finance.yahoo.com
  
  These five cheap shares are the FTSE 100's dividend darlings -- the stocks paying the largest cash dividends to shareholders. But which shares would I buy?
  The post These cheap shares pay the UK’s biggest dividends. But which would I buy? appeared first on The Motley Fool UK.
  
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• Rio Tinto did not notify pastoral leaseholder of plans to destroy nearby Juukan Gorge, inquiry hears

  02-11-2020 17:30 via uk.finance.yahoo.com
  
  Rio Tinto did not notify pastoral leaseholder of plans to destroy nearby Juukan Gorge, inquiry hearsEvan Pensini accessed the information using FOI after five years of asking miner about intentions for the area
  
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• Reserve Bank zero hour approaching as Australian economy struggles to stay afloat

  02-11-2020 17:30 via uk.finance.yahoo.com
  
  Reserve Bank zero hour approaching as Australian economy struggles to stay afloat. Investors expect central bank to enter uncharted territory today with cash rate cut to near zero plus quantitative easing
  
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• 3 reasons why I believe this FTSE 250 stock is a recovery buy

  02-11-2020 17:20 via uk.finance.yahoo.com
  
  This Fool gives three reasons why he believes this FTSE 250 insurance firm is a potential recovery buy after the market crash.
  The post 3 reasons why I believe this FTSE 250 stock is a recovery buy appeared first on The Motley Fool UK.
  
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• Economy grows faster under experimental estimates by ONS

  02-11-2020 17:19 via uk.finance.yahoo.com
  
  The economy grew slightly quicker than first thought in recent decades under new experimental GDP estimates revealed by the Office for National Statistics (ONS). A “step change” in how the official statistics body calculates GDP figures means the economy grew by an average of 2.1pc every year between 1997 and 2018, a small upgrade from the previous 2pc rise in GDP estimated. The ONS, which first unveiled plans to transform how it calculates GDP in 2018, said the updated estimates use
  
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