Financial news

• Nisa members air discontent at prospect of Sainsbury's takeover

  23-06-2017 20:07
  
  Independent traders, who will vote on the deal, express shock at approach they say will result in a cartel – though some see opportunityIndependent shopkeepers in the Nisa convenience chain are mobilising in an attempt to block a potential £130m takeover by Sainsbury’s. Britain’s second largest supermarket group has started due diligence on member-owned Nisa, which sources groceries for 2,500 small shops, all owned by families and entrepreneurs. But many Nisa members, 75%
  
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• Tattooing avocados helps keep up supply of smash hit

  23-06-2017 19:09
  
  Appetite for creamy green fruit shows no sign of abating as growers and retailers struggle to keep up with demandWe’ve smashed them, scooped them, sliced them and blended them. Now we have started tattooing avocados as retailers battle to feed the UK’s growing obsession with the creamy green fruit.Fruit supplier Mack, based in Kent, handles 1.3m avocados a week for a number of British retailers, and is testing a new Spanish-developed machine for labelling fruit destined for Marks &am
  
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• London could lose out as ECB seeks control of euro clearing after Brexit

  23-06-2017 18:40
  
  European Central Bank’s bid for more powers represents challenge to City’s dominance of £880bn-a-day business London is facing renewed pressure over its dominance of the €1tn (£880bn)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business.The move by the Frankfurt-based ECB – the central bank for the 19 countries using the euro – follows a report by the European commission t
  
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• Let’s move to Cambridge: ‘Ancient university and biotech boom town’

  23-06-2017 17:30 via theguardian.com
  
  It has the Footlights, the Backs and Nine Lessons and Carols – plus gargantuan science parks and property prices, thanks to the biotech boomWhat’s going for it? Success doesn’t always come in the form you might wish. Unlike the more entitled, worldly Oxford, Cambridge has long had the air of an ordinary market town that hit the jackpot and couldn’t believe its luck. It has had the last laugh, though. The signs of Cambridge’s astonishing new economic success come in
  
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• Risk of air accidents up after CAA cost-cutting, leaked report warns

  23-06-2017 16:40
  
  Draft Civil Aviation Authority report criticised failings, including in monitoring of flight training and licensing of pilotsCost-cutting and an overstretched workforce at the Civil Aviation Authority have increased the risk of air accidents in Britain, according to a leaked internal report drafted by the air safety regulator but never released.Inspectors at the CAA, which oversees flight safety, warned bosses that they did not have the resources to do their job properly, the draft report shows.
  
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• Hotpoint tells customers to check fridge-freezers after Grenfell Tower fire

  23-06-2017 16:26 via theguardian.com
  
  Owners of the FF175BP or FF175BG should contact the company after model was identified as cause of tower block blazeHotpoint has urged owners of its fridge-freezers to check their model numbers for safety reasons after one of the brand’s models was identified as the initial cause of the Grenfell Tower fire.A spokesman said Hotpoint was working with the authorities after its FF175BP model was found to have started the devastating blaze last week. He urged consumers who believe they own that
  
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• Live Q&A: What is the best model to bring healthcare to all?

  23-06-2017 16:19
  
  Join a panel of experts from 3-4.30pm BST on Thursday 29 June to discuss increasing access to health services around the world
  More than 400 million people around the world do not have access to health services, the World Health Organisation announced in 2015 in a report released shortly before the signing of the UN’s sustainable development goals (SDGs). And the punitive cost of accessing treatment is one of the biggest barriers: 6% of people are even driven further into poverty by health
  
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• Latest diesel car models remain highly polluting, tests show

  23-06-2017 12:33
  
  Six new vehicles including Land Rover and Suzuki are adding to air pollution crisis, despite stricter rules coming in months The latest diesel car models are failing to meet pollution limits when on the road, just three months ahead of stricter new tests, independent tests have found. Results show that none of six new 2017 diesel cars met the EU standard for toxic nitrogen oxides (NOx) pollution in real-world driving. The updated Equa Index, produced by the testing firm Emissions Analytics, show
  
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• Pound v US dollar: GBP exchange rate recovers against USD

  23-06-2017 12:03 via feedproxy.google.com
  
  THE pound jumped by 0.5 per cent against the US dollar to an exchange rate of $1.273 on Friday.
  
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• Pound V euro: GBP mounts recovery against EUR amid EU summit in Brussels

  23-06-2017 11:42 via feedproxy.google.com
  
  THE pound rallied against the euro at the start of the European session this morning as investors appeared upbeat following Theresa May’s appearance at an EU summit in Brussels on Thursday evening.
  
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• Wizz Air opens first UK base at London Luton Airport in 'major investment' for the company

  23-06-2017 11:04 via feedproxy.google.com
  
  WIZZ Air opened its first UK base at London Luton Airport, calling it a “major investment”.
  
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• Standard Life merger with Aberdeen Asset Management cleared UK watchdogs

  23-06-2017 11:00 via feedproxy.google.com
  
  STANDARD Life’s £11billion merger with Aberdeen Asset Management has been cleared by UK watchdogs.
  
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• West Coast and South Eastern train bidding war as shortlist announced

  23-06-2017 10:47 via feedproxy.google.com
  
  A STRING of overseas bidders have been shortlisted to run two key UK rail franchises, it has been announced.
  
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• Apple signs deal with Virgin for iPhone after Branson company dumps Android

  23-06-2017 10:43 via feedproxy.google.com
  
  APPLE Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker's since 2013, the companies have said.
  
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• Chemring keeps up recovery from defence spending squeeze as it reduces half-year losses

  23-06-2017 10:41 via feedproxy.google.com
  
  CHEMRING kept up its recovery from a defence spending squeeze and delayed Middle East ammunition deal as it reduced half-year losses to £6.8million from £16.8million.
  
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• Apple row chip maker Imagination Technologies for sale

  23-06-2017 09:57 via feedproxy.google.com
  
  MICROCHIP designer Imagination Technologies has put itself up for sale two months after a falling out with its biggest customer, Apple, sent its shares crashing by more than 60 per cent.
  
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• Virgin Media tells 800,000 users to change passwords over hub hacking risk

  23-06-2017 08:53 via theguardian.com
  
  Which? investigation reveals hackers could access home networks and devices using a Super Hub 2 routerVirgin Media is advising more than 800,000 customers with a specific router to change their password immediately after an investigation found hackers could gain access to it.Virgin Media said the risk to customers with a Super Hub 2 router was small, but advised them to change both their network and router passwords if they were still set as the default shown on the attached sticker. Continue re
  
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• Should I tell prospective employers that I want to change career?

  23-06-2017 08:00 via theguardian.com
  
  I am volunteering with a view to retraining via a postgraduate programme, but I also need to workTwice 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.After being made redundant some years ago I have freelanced, but work has all but dried up and it is time to get a job. However, I also intend to
  
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• Finding a manufacturer when 'you're too small, too expensive, too fiddly'

  23-06-2017 08:00
  
  Aly Johnson, co-founder of chilled dessert company Fools & Queens, says finding the right manufacturer can be the biggest challenge food entrepreneurs faceThe number of foodpreneurs (that’s food entrepreneurs for the uninitiated) is rising exponentially. People are beginning to realise that a life spent behind a desk, dreaming of starting a business, is a life half lived. And who doesn’t love great food?Related: Setting up a food business from home – what you need to knowCo
  
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• A former Wesleyan chapel in Harrogate – in pictures

  23-06-2017 08:00 via theguardian.com
  
  This splendid building could be the answer to your property prayers Continue reading...
  
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• Better bedfellows: how mattress manufacturers are stopping the waste

  23-06-2017 01:41
  
  Social enterprise Soft Landing is joining forces with bed manufacturers in a push to recycle mattress parts and divert it from landfill It doesn’t matter how deep you bury an old mattress, eventually it will rise to the surface to snag soccer players with its rusty coils or bog vehicles as they sink into its bloated mess.The air pockets in the structure mean you can’t keep an interred mattress down.Continue reading...
  
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• BREXIT PUNISHMENT: UK banks’ passporting rights NOT up for debate, snaps Brussels chief

  23-06-2017 01:03 via feedproxy.google.com
  
  BANKS based in Britain will be stripped of key market access to the European Union if Theresa May presses ahead with a hard Brexit, a top Brussels bureaucrat insisted after just four days of official talks.
  
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• One year on from Brexit vote: business's winners and losers

  23-06-2017 01:01
  
  It’s been a poor year for the pound, savers and UK-focused retailers but firms with sizeable foreign earnings have prospered Britain’s consumers and UK-focused firms are among the biggest losers one year on from the shock Brexit vote that drove the value of the pound to its lowest level in more than 30 years.On the first anniversary of the EU referendum, financial services company Hargreaves Lansdown said clear winners and losers have emerged, with the pound taking the biggest hit on
  
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• Official view on Hinkley Point C? Nuclear power scheme is risky and expensive

  23-06-2017 01:01
  
  Audit office’s 80-page report concludes that Britons have been sold a white elephant - and a badly costed one at thatThe National Audit Office does not use excitable phrases like “utter shambles.” But the spending watchdog’s verdict on Hinkley Point C, the nuclear power plant in Somerset that is supposedly inevitable, amounts to the same thing. The government “has locked consumers into a risky and expensive project with uncertain strategic and economic benefits&rdqu
  
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