Financial news

• Edinburgh Woollen Mill acquires Jaeger and plan to open 50 stores

  28-05-2017 18:46
  
  Takeover of brand that once dressed Audrey Hepburn and Marilyn Monroe part of retailer’s drive to launch Days departmental stores across the UKEdinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain.Philip Day, the billionaire owner of the Edinburgh Woollen Mill group, wants to open at least 50 of his eponymous Days stores, the first of which opened in Carmarthen, Wales, late last week. Continue reading...
  
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• UK's biggest solar company takes shine to global projects with deals worth £3bn

  28-05-2017 17:56
  
  Solarcentury turns to Europe and Latin America as it transforms into an international firm to maintain growth hit by green cuts in home marketBritain’s biggest solar power company has shrugged off the cloud of drastic UK subsidy cuts by reinventing itself as an international firm with more than £3bn of projects planned.More than 12,000 solar jobs were lost in the industry after the government slashed support in 2015, but Solarcentury has survived by turning outward to target markets
  
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• Bigger wine glasses make us drink too much, says researcher

  28-05-2017 17:42 via theguardian.com
  
  Today’s glasses, 450ml compared with 65ml 300 years ago, encourage consumption, Cambridge scientist tells Hay festivalWine glasses have increased in size from a capacity of 65ml 300 years ago to 450ml today and the change has encouraged us to drink far more than we should, according to a behavioural scientist speaking at the Hay festival.
  Theresa Marteau, director of the behaviour and health research unit at Cambridge University, said her team had looked at 18th-century wine glasses at the
  
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• Left stranded by the BA meltdown? Here's how to seek compensation

  28-05-2017 17:02
  
  If you were unable to fly on British Airways in or out of Gatwick and Heathrow you can seek refunds or compensation four waysThe thousands of passengers unable to fly on British Airways planes to or from Gatwick and Heathrow after the airline’s IT failure will be able to seek refunds or compensation in four main ways:Continue reading...
  
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• Election rules hit Bank's recruitment as monetary policy committee shrinks

  28-05-2017 16:43
  
  Deferred appointments could see MPC voting on interest rates with seven instead of nine members for the first time since 2006The Bank of England’s rate-setting team could be reduced to seven members for the first time in nearly 11 years as election “purdah” rules will delay appointments until at least next month.The Bank’s monetary policy committee (MPC) has eight members from the usual nine after deputy governor Charlotte Hogg was forced to resign in March for failing to
  
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• Five-minute guide to Vanguard's new fund platform

  28-05-2017 15:01 via feedproxy.google.com
  
  US INVESTMENT management group Vanguard is perhaps the biggest fund manager you have never heard of, but that is sure to change shortly.
  
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• British Airways: turmoil continues after IT failure grounds flights

  28-05-2017 14:54
  
  Airline’s flights from Gatwick and Heathrow resume but with some cancellations and delaysDisruption from a major British Airways IT failure that affected more than 1,000 flights on Saturday has continued into a second day, leaving more passengers stranded.After all the airline’s flights from Heathrow and Gatwick were grounded on Saturday, services resumed but with cancellations and delays. Continue reading...
  
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• Far from ‘strong and stable’, May’s economic plan is weak and unstable

  28-05-2017 14:14
  
  Labour has won the battle of the manifestos with policies that can deliver better growth whereas the PM’s offering more of the same: cuts Had Theresa May come back from her Easter walking holiday and decided against holding a general election, few would have blamed her. Going to the country on 8 June was always a gamble, as has become evident the longer the campaign has gone on. Consider the reasons for caution. It is mid-term when governments tend to be unpopular. The public is sick of po
  
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• PayPal refused to listen when eBay buyer returned item in pieces

  28-05-2017 08:00 via theguardian.com
  
  Four months after being sold, the rotovator arrived back used and muddy, but still £112 was blocked from my accountEarly in December 2016 we sold a rotovator on eBay which we had purchased from a local auction. The auctioneer had tested it and confirmed it as working. The eBay buyer turned up in person to collect the machine and seemed happy with the purchase.Four months later we received a message from PayPal that claimed that the machine had been significantly “not as describe
  
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• Is hirsute Bob hoping to shrug off the Atlas Mara fiasco?

  28-05-2017 08:00
  
  The African investment firm has its AGM this week. And Diamond’s new goatee could be tellingCity types have often debated whether Bob Diamond’s impressively dark locks would retain their hue should he be caught in a heavy rain shower. But, as a City figure, Bob the Banker has been remarkably enduring.He is back in action this week with the annual general meeting of Atlas Mara, the London-listed African investment vehicle he founded after being ousted from Barclays in 2012 over the Li
  
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• Ford faces lots of bumps in the road to a world of driverless cars

  28-05-2017 08:00
  
  The Detroit giant has bravely changed leadership, and signalled a radical change of direction, but autonomous vehicles pose many technical problemsA little over a century since Ford’s Model T first allowed the average American to drive their own motor car, the manufacturing giant is threatening to take them away from the wheel. Or at least the appointment of a new chief executive, drawn from its autonomous cars division rather than the motor manufacturing mainstream, might suggest.Tho
  
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• Take a break from the falling pound … you can still minimise your holiday costs

  28-05-2017 07:59 via theguardian.com
  
  The value of the pound has plummeted to just €1.15 over the past 12 months. We look at how best you can make up the shortfallBritish families heading to the sun for two weeks this summer will face a depressing sight when they look at the currency tables. This time last year, £1 bought about €1.30 – almost 12 months after the Brexit vote that same pound buys just €1.15. For those who have not retreated and opted for a “staycation”, the annual break in contin
  
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• British Airways aims to resume most UK flights - Financial Express

  28-05-2017 06:46
  
  Financial Express
  British Airways aims to resume most UK flights
  Financial Express
  British Airways (BA) said that it is aiming to run a "near normal schedule" at Gatwick and the "majority of services" from Heathrow on Sunday after a "major" IT failure resulted in the cancellation of all flights. By: IANS | London | Updated: May 28 ...en meer »
  
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• This election ignores the most pressing issue: our economic outlook is disastrous | Laura Gardiner

  28-05-2017 01:05
  
  Politicians cannot avoid addressing the fall in living standards forever – it is foremost in the minds of votersThis is clearly a very different sort of general election campaign. Conducted in advance of a Brexit process that will profoundly reshape Britain, the focus is on the nature of the deal and the leadership qualities of those vying to negotiate it. The tragic and horrific events in Manchester last week have understandably shifted the debate to terrorism and security.Naturally, thes
  
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• Millennial ‘influencers’ who are the new stars of web advertising

  28-05-2017 01:05
  
  Beauty vloggers and cult celebrities are being courted by luxury brandsSeven years ago, Chiara Ferragni was a fledgling 23-year-old fashion blogger, studying law at university in Milan. She never finished her degree, but now lives in a $3.5m Los Angeles mansion packed with antiques, and spends her days travelling the world in midriff-revealing tops, Gucci sweatshirts, cut-off jeans and a collection of Louis Vuitton. How do we know this?Every day, the “Blonde Salad” shares images of h
  
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• Renewable energy AND nuclear energy are the future of Britain's power

  28-05-2017 01:01 via feedproxy.google.com
  
  Given the sunshine that the nation basked in last week, it might not surprise people to hear that on Friday solar power accounted for more than 24 per cent of the electricity generated in Britain.
  
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• On-the-up adventure travel group Neilson expecting a buyer by next year

  28-05-2017 01:01 via feedproxy.google.com
  
  ADVENTURE holidays group Neilson expects to be sold next year by owner Luke Johnson, the Pizza Express entrepreneur, as it recovers from the closure of its four Turkish beach resorts.
  
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• NatWest trials new app ClearSpend to control company card payments

  28-05-2017 01:01 via feedproxy.google.com
  
  NatWest is trialling a new app for growing businesses that tracks and controls company card payments, so that managers can keep on top of transactions as they happen.
  
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• Häagen-Dazs relaunch hopes to scoop up new ice cream customers

  28-05-2017 01:01 via feedproxy.google.com
  
  LUXURY ice cream brand Häagen-Dazs is to be relaunched next month, with new flavours, packaging and products, in an attempt to woo millennials and other new customers.
  
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• City news: Häagen-Dazs, RyanAir, Hippeas and Family Traveller

  28-05-2017 01:01 via feedproxy.google.com
  
  Häagen-Dazs is to be relaunched next month, with new flavours, packaging and products, in an attempt to woo millennials and other new customers.
  
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• Britons are sitting on too much debt without a financial safety net

  28-05-2017 01:01 via feedproxy.google.com
  
  BRITONS are sitting on a dizzying mountain of debt, all too often without a safety harness if something goes wrong.
  
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• Britain must invest more to plug the skills gap, says CEO

  28-05-2017 01:01 via feedproxy.google.com
  
  Britain needs to invest more in skills and innovation if it is to beat worker shortages in key areas and effectively compete globally, Electrocomponents chief executive Lindsley Ruth says.
  
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• Labor has no choice. It should acccept Gonski 2.0 and argue for more funding | Greg Jericho

  28-05-2017 01:00
  
  Unlike the US’s Congressional Budget Office, Australia’s Parliamentary Budget Office does not provide analysis on the real-world impacts of policy This week, Guardian journalist Ben Jacobs was assaulted by Republican congressional candidate (now congressman) Greg Gianforte after Jacobs asked him about the Congressional Budget Office’s report on the Republican party’s healthcare plan. Such an event would not happen in Australia – not because we don’t have polit
  
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