Financial news

• Head of G4S detention centre quits after abuse allegations

  22-09-2017 19:21 via theguardian.com
  Ben Saunders quits Brook House immigration centre after BBC screened footage showing apparent ill treatmentThe head of a G4S-run immigration removal centre, which was the subject of an undercover BBC Panorama investigation over allegations of bullying and abuse, has resigned with immediate effect.Ben Saunders, the director of Brook House immigration removal centre (IRC) near Gatwick airport, was placed on administrative leave earlier this month.Continue reading...
  
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• Uber's rivals ready to fill the gap but cab giant puts up a fight

  22-09-2017 19:10 via theguardian.com
  The travel service faces a string of concerns about its practices that will be aired during a long appeal The end is far from nigh for Uber, but Transport for London’s decision not to renew its licence is another wounding blow. Even after the controversies that the ride-hailing app has faced worldwide and the concerted opposition of unions, employment-rights lawyers and black-cab drivers, few expected TfL’s verdict that Uber is not a “fit and proper” firm to run taxis in
  
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• Wu-Tang clap back, dissing Martin Shkreli on new track

  22-09-2017 19:02 via theguardian.com
  The jailed businessman paid $2m for the sole copy of the rap group’s album, but earned their lyrical enmity for price-gouging patients over a life-saving drugMartin Shkreli – the “Pharma bro” now in jail after putting a bounty on Hillary Clinton’s hair – received more bad news on Friday: the Wu-Tang Clan released a new track that takes a swipe at their most controversial fan.
  Shkreli rose to infamy as CEO of Turing Pharmaceuticals after hiking the price of a l
  
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• Activity pubs promise hope for ailing industry

  22-09-2017 18:42 via theguardian.com
  Games from table tennis to axe-throwing are filling up venues struggling to counter declining tradeIt’s Thursday night and London office workers are letting off steam down the pub knowing the weekend is in sight. But instead of chatting over a drink they are smashing ping pong balls over a net.The venue is Bounce, a ping pong bar on the fringes of the financial district, and the number of stray balls in the air gives the impression that somewhere in the room a lottery draw machine is misfi
  
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• Let’s move to the Kintyre peninsula, Argyll and Bute: ‘Gorgeous, isn’t it?’

  22-09-2017 17:29 via theguardian.com
  Paul McCartney came here to get away from Beatlemania, and it’s still the perfect place to escapeWhat’s going for it? OK, let’s get Paul McCartney and That Song out of the way straight off the bat. Millions of lives were tragically blighted in the 70s by Mull Of Kintyre, number one in the pop charts for about 47 years. Watching the video with wiser, middle-aged eyes, though, I appreciate it anew. Not the dirge. That still plods like a knackered horse. But the place. Look behind
  
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• North Korea latest: World War 3 threat puts stock markets ON EDGE

  22-09-2017 16:51 via feedproxy.google.com
  THE latest war of words between Donald Trump and Kim Jong-un spooked markets, as the threat of nuclear appears to grow.
  
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• Marks & Spencer launches online food delivery service

  22-09-2017 16:18 via theguardian.com
  M&S to offer dinner and groceries at the front door within two hours in London and Reading trialMarks & Spencer has launched an online grocery service that will enable shoppers to have their dinner delivered to their front door within an hour.The Guardian revealed in April M&S was working on an online food service, and on Friday the store launched trials in London and Woodley, near Reading.Continue reading...
  
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• Theresa May: UK will 'honour' financial commitments to EU - Sky News

  22-09-2017 16:06
  Sky News
  Theresa May: UK will 'honour' financial commitments to EU
  Sky News
  The PM sets out plans for a two-year Brexit transition and promises the UK will "honour" its financial commitments to the EU. 21:56, UK, Friday 22 September 2017. Theresa May gives a speech in Complesso Santa Maria Novella, Florence, Italy. Video: The ...
  EU to propose stronger monitoring of UK financial firms after BrexitReuters
  UK leader to try to break Brexit logjam in Italy speechFinancial Post
  Brexit set to de
  
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• Pound slips on Brexit uncertainty - as it happened

  22-09-2017 16:03 via theguardian.com
  The pound is down against the euro and the dollar as the Prime Minister lays out her Brexit position in a crucial speech in FlorenceTheresa May to ask EU to be ‘creative’ in Florence speechFollow the politics blog for rolling coverage of May’s crucial Brexit speechUber loses London licence in shock decision by TfLEurozone growth accelerated to 0.7% in third quarter, surveys signal 3.03pm BSTBefore we close up for the day, here is a summary of the major developments today. 2.43p
  
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• Time Inc UK, publisher of NME and Marie Claire, to be put up for sale

  22-09-2017 15:49 via theguardian.com
  Parent company Time Inc seeks to sell several assets after revenue from both sales and advertising fell more than expectedThe publisher of magazines including Marie Claire, NME, Wallpaper and TV Times is being put up for sale by its American owner.Time Inc said on Friday it was looking to sell several assets including Time Inc UK after warning that revenue from both sales and advertising had fallen more than expected during the current quarter.Continue reading...
  
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• POUND EURO LIVE: Sterling SINKS amid Theresa May's Brexit Florence speech

  22-09-2017 14:44 via feedproxy.google.com
  THE pound tumbled against the euro and US dollar before clawing back some losses after Theresa May's Brexit speech in Florence, as the Prime Minister laid out proposals for a new economic partnership after the UK leaves the European Union .
  
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• Ryanair staff brand company a 'disgrace' over handling of issues

  22-09-2017 14:38 via theguardian.com
  Chief executive Michael O’Leary apologises for rostering error but staff group says they want to ‘stop this ridiculous circus’Ryanair was branded a “disgrace” by a group of pilots after missing a deadline to respond to their demands for improved employment terms, as the risk of a full-blown labour dispute has now spread to cabin crew.As discontent among Ryanair staff threatened to boil over, chief executive Michael O’Leary reportedly issued an internal memo ap
  
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• Bitcoin price update: Jamie Dimon hit with market abuse report for calling currency fraud

  22-09-2017 13:51 via feedproxy.google.com
  BITCOIN'S price hovered around the $3,600 mark after it was revealed JP Morgan chief executive Jamie Dimon faces a market abuse report for calling the cyber-currency a "fraud".
  
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• Creative Entrepreneurs partners with London's Battersea Power Station for pop up shops

  22-09-2017 13:33 via feedproxy.google.com
  CREATIVE Entrepreneurs , the first learning and networking platform exclusively for creative talent, will launch its first Pop Up Shop tomorrow.
  
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• Uber London ban: Sadiq Khan's decision shows capital CLOSED for business, economist says

  22-09-2017 13:05 via feedproxy.google.com
  UBER'S ban from London and Mayor Sadiq Khan's support of the decision, sends the message the capital is closed for innovation, competition and business, economists have claimed.
  
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• GBP v EUR: Pound slumps as markets await Theresa May Brexit speech

  22-09-2017 12:48 via feedproxy.google.com
  AN approaching speech on Brexit from Theresa May has pushed the pound significantly lower against the euro so far today.
  
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• Pound v US dollar: Exchange rate volatile ahead of PM’s Brexit speech

  22-09-2017 12:11 via feedproxy.google.com
  THE pound fluctuated against the US dollar this morning as investors await a key Brexit speech from Prime Minister Theresa May later this afternoon.
  
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• UK draws record overseas tourists after pound's Brexit plunge

  22-09-2017 11:18 via theguardian.com
  European and North American visitors lead the way in July, with spending also increasing, ONS figures showOverseas visitors flocked to Britain in record numbers in July and spent more than ever in response to the improved spending power offered by the low pound.Non-UK residents made 4m visits to Britain in July, an increase of 6% on last year and spent £2.7bn, up 3% on July 2016, according to the Office for National Statistics. Continue reading...
  
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• Co-op to cut ties with bank as it sells final stake

  22-09-2017 10:30 via feedproxy.google.com
  THE Co-operative Group has revealed it no longer holds any stake in the Co-op Bank business after offloading its 1 per cent holding.
  
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• Euro jumps after better than expected French and German economy data

  22-09-2017 09:57 via feedproxy.google.com
  THE euro jumped after better than expected German and French economy performance, as manufacturers in the eurozone had one of the best months since 2011.
  
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• KPMG cleared by watchdog in HBOS audit investigation

  22-09-2017 09:44 via theguardian.com
  FRC rules out wrongdoing by accountancy firm in reviewing bank’s accounts before financial crisisKPMG has been cleared of any wrongdoing over its auditing of HBOS, which was rescued by Lloyds during the height of the 2008 crisis, after accounting regulators concluded the accountancy firm could not have foreseen the bank’s problems.The accountancy regulator, the Financial Reporting Council (FRC), announced that it had closed an investigation into KPMG which was sparked by pressure fro
  
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• Strength in numbers: finding the right partnerships for your business

  22-09-2017 08:00 via theguardian.com
  Combining forces with other companies and charities can help a small business thrive, but you need to get the basics rightBeing an entrepreneur can be a lonely business. With long hours and the final say on all decisions, the constant pressure is a lot to bear. As someone who had always worked in charitable organisations and never in a commercial enterprise, I knew when I started my business that I didn’t want to go it alone.My baby food business, Piccolo, was launched with a tiny marketin
  
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• Yes, older workers need new skills – but they need respect more | Gaby Hinsliff

  22-09-2017 07:00 via theguardian.com
  The BBC’s plan to have millennials ‘reverse mentor’ managers is just a start. The generation gap is going to affect all our working livesOld dogs, meet new tricks. The BBC’s director of radio and education, James Purnell, didn’t put it quite so bluntly. But that’s more or less the gist of his announcement that from next month senior managers will be “reverse mentored” by twentysomethings who can help them understand what millennials like.Since the
  
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