Financial news

• Electroceuticals: the 'bonkers' gamble that could pay off for GlaxoSmithKline

  28-08-2017 20:32
  In need of fresh ideas, the drugmaker is banking on implantable devices capable of altering electrical impulses in the bodyBritain’s biggest drugmaker, GlaxoSmithKline, under pressure to improve its development pipeline and financial performance, is pinning its hopes on a radical new approach: “electroceuticals”.Also called bioelectronics, the idea is that tiny electronic implants will be able to treat a vast range of chronic diseases, such as diabetes, asthma, chronic obstruct
  
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• Amazon's tech-style takeover of Whole Foods: cheaper produce and 'farm fresh' Echos

  28-08-2017 18:16
  As stores discount produce for ‘Day 1’ of Amazon’s plans to revitalize the upscale grocery chain, shoppers are ambivalent about the early changesAmid stands of discounted raspberries and “end of summer” organic peaches, Amazon’s effort to revolutionize the US retail grocery business got under way Monday morning with deep price cuts to some produce at its newly acquired Whole Foods chain.Signs of Amazon’s plans for Whole Foods, purchased for $13.7bn in Ju
  
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• US gas prices expected to rise as Harvey forces Gulf coast refineries to close

  28-08-2017 17:40
  Gasoline futures up by 5%, their highest price since July 2015Shutdown along Texas’s Gulf coast means prices at the pumps likely to riseTropical storm Harvey – follow the latest updatesUS gasoline prices have increased to a two-year high as crude oil refineries along the Texas Gulf coast shuttered in the wake of Hurricane Harvey.Prices at the pump are expected to rise after gasoline futures – the wholesale prices charged to gas stations – increased 5% early Monday, to the
  
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• Client accuses Savills of confidentiality breach in Candy brothers dispute

  28-08-2017 17:39
  Mark Holyoake is to allege that upmarket estate agent passed on a valuation it carried out on his Ibiza property to the billionairesSavills, the estate agent to London’s elite, is facing accusations that it breached client confidentiality during a bitter battle between the billionaire Candy brothers and a former business associate.The company has received a demand to hand over evidence including text messages and emails relating to an acrimonious legal dispute between the property tycoons
  
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• Santorini's popularity soars but locals say it has hit saturation point

  28-08-2017 17:07
  Greek island draws millions of tourists but residents talk of pressure on infrastructure and divide between haves and have-notsSunset on Santorini. As dusk falls, the crush begins. With the exquisite choreography of a well-honed ritual, coachloads of tourists descend on Oia, the stunning settlement perched on the island’s northern tip. Pushing their way along the village’s packed central alleyway – past shops selling luxury garments, exclusive Greek designers and Jimmy Choo sho
  
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• 'Shark in minnow pond': Ramsgate locals split on new Wetherspoon pub

  28-08-2017 15:28
  Opening of chain’s biggest UK boozer in Kent town’s Grade II listed Royal Victoria Pavilion raises both hopes and fearsJD Wetherspoon is opening its biggest UK pub in Ramsgate in a move that has divided opinion in the Kent seaside town.
  The chain, which continues to expand despite pubs closing at a rate of 30 a week, has spent £4.5m refurbishing the Royal Victoria Pavilion ahead of the launch on Tuesday. The Grade II listed building, which opened in 1904, has been empty and bec
  
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• Your online identity is precious. Here’s how to protect it | Holly Brockwell

  28-08-2017 13:00 via theguardian.com
  People who would never leave their front door unlocked can be dangerously lax about their online security. To be safe, follow these rulesYou’ll never have more ideas about how to protect your identity than the minute after you realise it’s been stolen. Suddenly, you can see in painful detail all the doors left unlocked and breadcrumbs scattered across the internet for a hungry thief to find. It’s a strange reality that there are people who will lock, alarm, and stress about the
  
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• UK to push EU for flexibility in Brexit talks - Financial News (subscription)

  28-08-2017 11:00
  Financial Post
  UK to push EU for flexibility in Brexit talks
  Financial News (subscription)
  UK negotiators will ask their European counterparts to be "more flexible" in their approach to Brexit and for "imagination on both sides" in the third round of talks beginning this week, according to a statement from the government. The statement ...
  The Latest: UK Brexit chief wants action on all exit issuesFinancial Post
  UK Labor Party Shifts Toward Soft BrexitFinancial Tribunealle 802 nieuwsartikelen&n
  
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• Maryam Nawaz Sharif cancels UK trip for bypoll campaign - Financial Express

  28-08-2017 10:46
  Financial Express
  Maryam Nawaz Sharif cancels UK trip for bypoll campaign
  Financial Express
  Former Prime Minister Nawaz Sharif's daughter Maryam Nawaz has cancelled her planned visit to London for "uninterrupted canvassing" for her ailing mother who is contesting the NA-120 by-poll in Lahore. By: IANS | Islamabad | Published: August 28, 2017 ...en meer »
  
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• British trains 'up to four times slower outside the south-east'

  28-08-2017 10:35
  Call for rebalancing of transport investment as research finds services from London to be much quicker than those in the northTrains connecting Britain’s major towns and cities are up to four times slower outside the south-east, according to research.
  Press Association analysis of the quickest possible trains on 19 routes found that services from London travel at average speeds of 65-93mph, compared with 20-60mph elsewhere. Continue reading...
  
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• British and German firms unite to call for business-friendly Brexit talks

  28-08-2017 08:19
  Joint statement asks for EU negotiators to prioritise economic issues such as customs British and German businesses are calling on EU negotiators to focus on the countries’ shared economic interests as the third round of Brexit negotiations starts in Brussels.In a joint statement, the British Chambers of Commerce (BCC) and the Association of German Chambers of Commerce (DIHK) said German and British companies want clarity from the outset on the overall shape of the final settlement. Contin
  
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• Jet and lorry fuels made from rubbish to receive UK funding

  28-08-2017 08:18
  Department for Transport offers £22m to projects developing waste-based fuels for vehicles too heavy to use electric powerAirline passengers could fly to their destinations on jets fuelled by industrial waste or the contents of people’s dustbins if a government scheme succeeds in creating a new green energy source.The Department for Transport (DfT) is offering £22m of funding for projects to develop low-carbon, waste-based fuels for planes and lorries. About 70 groups want to b
  
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• Need help to claim after a flight delay? As firms cash in, beware the small print

  28-08-2017 08:00 via theguardian.com
  An expected cheque to compensate you after your air travel plans were disrupted can now turn into a three-figure bill.
  Anna Tims reportsWhen Richard Watson arrived back at Gatwick 13 hours late after a holiday in Dubai he immediately applied for compensation from the airline, browsing the internet for advice to check that he was eligible. One of the first links on the Google search page was Flight Delay Claims Team (FDCT) based in Northampton, which offers to manage airline compensatio
  
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• A single issue with Halifax: please accept both my names

  28-08-2017 08:00 via theguardian.com
  After getting married I keep my maiden name for work, but now I can’t pay in chequesI am a self-employed barrister and regularly get paid by cheque. I got married earlier this year and decided to continue using my maiden name for professional purposes. However, I am having difficulty paying cheques into my Halifax account because my maiden and married names do not match.I have asked if it would be possible to put a note on my account that cheques in my maiden name should be accepted, or wh
  
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• Viagogo: ACCC launches legal action against 'misleading' ticket reseller

  28-08-2017 05:29 via theguardian.com
  Consumer watchdog alleges Viagogo failed to disclose fees upfront, manufactured ticket scarcity and posed as official sellerTicket reselling website Viagogo has been taken to federal court by the Australian Competition and Consumer Commission, in an unprecedented move that could have wide implications for the Australian ticketing industry.Based in Switzerland, Viagogo is a secondary ticketing site that operates in a similar way to Ticketblaster and Ticketmaster Resale: in theory, they provide a
  
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• Minister criticises chair of women in business review over pay gap comments

  28-08-2017 01:01
  Anne Milton says Sir Philip Hampton fails to understand barriers facing women in the workplace as scheme to help parents return to work launchesThe women’s minister, Anne Milton, has accused Sir Philip Hampton, who is leading a government review of the role of women in business, of failing to understand the barriers facing women in the workplace after he suggested female BBC presenters were partly to blame for allowing the gender pay gap to happen. Milton is the first minister to contradic
  
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