Financial news

• City news: IKEA, Dunelm, Aberdeen Asset Management, Lavendon

  28-11-2016 20:23 via feedproxy.google.com
  
  A REVAMPED website and trials of smaller store formats have helped Ikea to assemble an 8.9 per cent rise in UK annual sales to £1.72billion.
  
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• JD Sports buys UK outdoor equipment retailer Go Outdoors for £112m

  28-11-2016 19:26 via feedproxy.google.com
  
  JD SPORTS Fashion has positioned itself to cash in on a potential staycation boom after buying the UK’s biggest outdoor equipment retailer, Go Outdoors.
  
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• London's 73-storey Trellis skyscraper gets green light

  28-11-2016 18:47 via theguardian.com
  
  1 Undershaft will be second tallest building in western Europe after the Shard and will include a free public viewing galleryA skyscraper almost as tall as the Shard is to be added to the central London skyline after the 73-storey building was given planning approval.Known as 1 Undershaft, the site’s address in London’s financial district, and nicknamed the Trellis, it will be the second-tallest building in western Europe, after the Shard, at more than 300 metres.Continue reading...
  
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• GB Energy customers: what happens now?

  28-11-2016 16:30
  
  The ‘challenger’ energy firm had 160,000 customers, many of whom are in credit. Here’s the lowdownOn Saturday domestic gas and electricity supplier GB Energy announced it was ceasing to trade. The move leaves 160,000 customers in limbo. What happens next for them – and rest of usWhy has GB Energy collapsed?Continue reading...
  
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• Southern train drivers vote in favour of strike action

  28-11-2016 16:17 via theguardian.com
  
  UK’s biggest commuter franchise faces three days of walkouts in December and a six-day strike in JanuaryDrivers on Southern rail trains have voted overwhelmingly to strike in a dispute over the operation of train doors, Aslef union has said.Three days of strikes in December will be followed by a six-day walkout in January, spelling more serious disruption on Britain’s biggest commuter franchise. Conductors in the RMT union have staged a series of strikes this year, with more walkouts
  
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• The Trump effect has rallied the US markets – but what next?

  28-11-2016 16:04 via theguardian.com
  
  The new president should seize the chance to tackle issues such as investment, tax reform and job creationDonald Trump’s victory in the US presidential election surprised most of the world. But the president-elect is not finished defying expectations. Contrary to the predictions of many experts, stock markets have rallied strongly since his victory, with the three major US indices reaching record highs while the dollar has soared. Explaining these unexpected responses could provide a glimp
  
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• Fed up with zero-hours contracts and temporary work? Here’s what to do | Steven Parfitt

  28-11-2016 15:37
  
  On their own casual workers have no power. But organised campaigns for better working conditions, with union backing, can succeed – as seen in the USOurs is an age of casual labour. More than a fifth of workers in Britain, 7.1 million people, scrape by on temporary, casual or zero-hours contracts, or in what employers often euphemistically describe as “self-employment”. That number has risen by two million people in the past 10 years. It covers everyone from cleaners to carers,
  
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• 'Basically a huge tax increase': readers on proposed pension age rise

  28-11-2016 15:30
  
  Former pensions minister Steve Webb says the government is considering raising pension age sooner than previously planned. We follow your reaction
  Tens of millions of workers under the age of 55 could be affected by changes to pension age sooner than previously planned, according to a former minister.
  Steve Webb, pensions minister in the coalition government between 2010-15, says documents produced by the Department of Work and Pensions suggest the government is preparing a “more aggressiv
  
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• Break the taboo and talk about death – it will make you feel better

  28-11-2016 15:05
  
  Planning for one’s passing doesn’t have to be frightening – it can be poetic and movingAfter several fairly anguished months of waiting and staggering around exhausted with breathing difficulties, Rosemary eventually got a proper appointment with the heart doctor, some improved medication and advice. Apparently, her left ventricle is only 60% functioning so, like a fool, she went home and looked up “ventricle muscle damage” and “effects of exertion on hea
  
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• Scepticism about a Brexit apocalypse looks increasingly justified

  28-11-2016 14:48 via theguardian.com
  
  The IMF and the OECD’s predictions of economic gloom went awry, and continued fallbacks may see them lose credibilityIn the months leading up to the EU referendum in June, George Osborne had two people he could always rely on to back the argument that Brexit would have immediate, dire consequences for the UK economy. One was Christine Lagarde, the managing director of the International Monetary Fund. The other was Ángel Gurría, the secretary general of the Organisation for Ec
  
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• 10 economic consequences of Donald Trump's election win

  28-11-2016 14:18 via theguardian.com
  
  The US president-elect’s policies are likely to be good for domestic growth – but rhetoric on trade is likely to have global implicationsFor those of us who were wrong about the US presidential election, it is worth suppressing emotional reactions, at least for a month or two, and attempting a dispassionate judgment about what Donald Trump’s administration may mean for the world. So here are 10 likely consequences of the Trump presidency, divided equally between the good and th
  
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• Small Business Saturday 2016: share your stories and photos

  28-11-2016 13:47 via theguardian.com
  
  The annual celebration of the UK’s small enterprises falls on 3 December this year. Tell us what you are doing to mark the dayThis year marks the fourth anniversary of Small Business Saturday in the UK, which launched in the US in 2010 as an alternative to Black Friday and Cyber Monday. The flash sales associated with those events pull in the crowds but disproportionately benefit larger retail firms such as supermarkets, department stores and – of course – Amazon.Continue readi
  
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• Amazon and eBay sellers' VAT fraud rife despite crackdown

  28-11-2016 13:46 via theguardian.com
  
  Guardian investigation finds goods such as iPads and laptops being sold tax-freeHuge numbers of VAT fraudsters are illegally selling goods tax-free to British shoppers on Amazon and eBay this Christmas, despite new government efforts to crack down on this ballooning £1bn VAT evasion crisis.A Guardian investigation found a wide variety of popular goods being illegally sold without VAT on Britain’s leading shopping sites. They range from cheap Christmas tree lights, electric toothbrush
  
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• Former NHS director sues Jeremy Hunt for religious discrimination

  28-11-2016 11:56
  
  Richard Page, suspended after LGBT staff complaint, claims he was barred from applying for other jobs because of Christian viewsA former director of an NHS trust is suing Jeremy Hunt for religious discrimination after he was effectively barred from applying for positions following his public opposition to gay adoption.Richard Page has lodged a claim at the employment tribunal, saying his televised comments in 2015 that it was in the best interests of a child to have a mother and father stemmed f
  
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• Ticking timebomb: Italy's EIGHT banks will FALL if Renzi loses referendum...and DESTROY EU

  28-11-2016 10:25 via feedproxy.google.com
  
  ITALY's troubled banks face financial meltdown if Prime Minister Matteo Renzi fails to win the Italian referendum this weekend, officials have warned.
  
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• JD Sports buys retailer Go Outdoors in deal worth £112.3m

  28-11-2016 10:24 via feedproxy.google.com
  
  JD SPORTS has acquired retailer Go Outdoors for £112.3 million from its private equity owners.
  
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• JD Sports buys Go Outdoors for £112m

  28-11-2016 09:28 via theguardian.com
  
  Purchase of 58-store chain adds to stable of outdoor brands including Blacks, Millets and Ultimate OutdoorsJD Sports has acquired retailer Go Outdoors for £112m from its private equity owners.Under the deal, JD Sports will buy the 58-store chain – whose products range from tents to bicycles – from YFM Equity Partners and 3i Group. The purchase will add to JD Sports’ stable of outdoor brands such as Blacks, Millets and Ultimate Outdoors. Continue reading...
  
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• Shop around to avoid racking up a catalogue of pricey debt

  28-11-2016 08:00
  
  Interest-free deals in traditional shopping directories and online can seem a good idea. But the costs can mountAlex spent £675 on a washing machine and a fridge-freezer from Littlewoods, opting to “buy now pay later”. At the time his income was sufficient to make the repayments before the end of the interest-free period, but when he was suddenly made redundant he couldn’t afford to repay the debt in time, and then an interest rate of 39% kicked in.“Suddenly the pay
  
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• Parcel Monkey delivers customs duty bill to Filipino children instead of gift

  28-11-2016 08:00
  
  They are a poor family and couldn’t pay, so the package was sent back to me in the UKA couple of years ago my husband and I were travelling in south-east Asia, and a Filipino family welcomed us into their humble home and we had an amazing time getting to know them. Fast forward to last month and I’d sent the children a large parcel of books, toys, art supplies and clothes, worth around £100. I used Parcel Monkey – big mistake! The parcel arrived in the country, but the co
  
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• As a European grants manager, I don't have a future in post-Brexit Britain

  28-11-2016 08:00
  
  I don’t like the job anyway and long to work in the creative field, but where do I start?
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.I work as a European grants manager. My position, although probably OK for the next couple of years, doesn’t have a future in post-Brexit Bri
  
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• Sterling heading for best month in EIGHT YEARS as EURO in CRISIS

  28-11-2016 06:43 via feedproxy.google.com
  
  THE pound sterling is set to record an eight year HIGH shoving Brexit fearmongering to the sidelines and highlighting impending eurozone devastation.
  
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• Plans for 'simpler, more modern' UK train fare system to be announced

  28-11-2016 01:34
  
  Ministers to unveil plans to overhaul ticketing system and machines to ensure passengers get cheapest optionRail passengers could be given a boost under government plans to make it clearer which is the cheapest ticket option available to them.Ministers are planning an overhaul of the complex train ticketing system, under which many passengers end up paying more than is necessary for their travel. It is understood that rail firms face being ordered to redesign thousands of station ticket machines
  
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• The Crusader: Widow battles in energy savings row

  28-11-2016 01:01 via feedproxy.google.com
  
  THE chance to cut her heating bills persuaded an elderly widow to let a company pay her a visit.
  
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• Share Hunter: Online retailers a threat to Pets at Home sales

  28-11-2016 01:01 via feedproxy.google.com
  
  SHARES in Pets at Home, the market leader in the UK pet food and merchandise market, fell by more than 4.5 per cent after half year results were released on Thursday.
  
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• Pension age may be about to rise again, says former minister

  28-11-2016 01:01
  
  Steve Webb says government considering faster timetable for higher state pension age of 70, affecting millions of workers ‘Basically a huge tax increase’: readers reactThe government may be preparing to increase the official state pension age to 70 for millions of people currently in their 20s, a former minister has claimed.Steve Webb said documents produced by the Department for Work and Pensions suggested a “more aggressive” timetable on state pension age (SPA) increase
  
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• Merlin Entertainments to announce aftermath of weak pound

  28-11-2016 01:01 via feedproxy.google.com
  
  MADAME Tussauds owner Merlin Entertainments is expected to give an indication this week of whether the collapse in sterling has resulted in an increase of tourists coming to the UK and visiting its attractions.
  
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• Men still paid vastly more than women on average in UK – study

  28-11-2016 01:01
  
  Gap caused by scarcity of women at highest levels of major industries, with biggest divide – at 34% – recorded in east MidlandsMen are still paid vastly more than women across many jobs and regions despite firms “tinkering around the edges” to try to close the gap, according to a report.Where men and women are doing the same job, they are usually paid almost the same – although men still have a slight advantage, earning an average of 1.6% more. However, the real gap
  
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• City News: MOD Pizza, gender pay gap and manufacturers' industrial revolution

  28-11-2016 01:01 via feedproxy.google.com
  
  A US pizza chain backed by the Carphone Warehouse founder Sir Charles Dunstone is ramping up expansion in the UK with plans to create 420 jobs over the next year.
  
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