Financial news

• 'Try again': McDonald's women's day stunt criticized as hollow gesture

  08-03-2018 20:31 via theguardian.com
  The move to flip its arches to a ‘W’ for Women’s Day was questioned by people who called on McDonald’s to pay its employees a living wageMcDonald’s has flipped its golden arches to become a W, “in celebration of women everywhere, and for the first time in our brand history” – to which many have responded, “try again”.
  For its own commemoration of International Women’s Day, McDonald’s overturned its logo on Twitter, Instagram
  
  Read more

• KFC returns to original supplier after chicken shortage fiasco

  08-03-2018 19:36 via theguardian.com
  Fast food chain rehires Bidvest, which promises ‘seamless’ return to fresh chicken deliveriesKFC has gone back to its original recipe for chicken deliveries by rehiring Bidvest Logistics in the wake of last month’s supply fiasco.The American fast food chain was forced to temporarily close hundreds of stores after it ran out of chicken following the botched handover of its logistics contract to DHL and QSL. “To put it simply,” KFC tweeted at the time, “we&rsquo
  
  Read more

• Alfa Financial leads the UK mid-cap fallers - Financial Times

  08-03-2018 18:27
  Alfa Financial leads the UK mid-cap fallers
  Financial Times
  Alfa Financial led the FTSE 250 fallers after disappointing maiden full-year results from the software maker, which was the London market's biggest technology flotation of 2017. Alfa's annual earnings missed expectations and came with caution that 2018 ...
  
  Read more

• Ireland comes first, and no financial services, Tusk tells UK - EUobserver

  08-03-2018 17:56
  EUobserver
  Ireland comes first, and no financial services, Tusk tells UK
  EUobserver
  Ireland will come first in negotiations over Brexit and the EU-UK long term relationship, European Council president Donald Tusk said Thursday, while insisting it is not up to the UK to define the EU's interests. "We also expect the UK to propose a ...
  
  Read more

• Advertisement

• UK: UK Chancellor: Close Collaboration On Financial Services 'Makes Sense' - Mondaq News Alerts

  08-03-2018 17:52
  The Guardian
  UK: UK Chancellor: Close Collaboration On Financial Services 'Makes Sense'
  Mondaq News Alerts
  It is in the "mutual interest" of both the UK and EU to incorporate financial services into the terms of a future trade deal once the UK leaves the trading bloc, the UK chancellor of the exchequer has said. The UK is not seeking 'passporting', as it ...
  Hammond: UK could reject any Brexit deal excluding financial servicesThe Guardian
  Here Are Some Post-Brexit Scenarios for UK Financial Ser
  
  Read more

• Maplin staff made redundant as hopes of finding buyer fade

  08-03-2018 16:01 via theguardian.com
  PwC announces 63 redundancies in Rotherham and London after retailer went into administrationMaplin’s administrator has made more than 60 head office staff redundant as hopes of finding a buyer for the collapsed electronics chain fade. The retailer, which has 2,300 employees, entered administration last week after talks with a potential buyer collapsed. Continue reading...
  
  Read more

• UK chancellor: close collaboration on financial services 'makes sense' - Out-Law.com

  08-03-2018 15:45
  UK chancellor: close collaboration on financial services 'makes sense'
  Out-Law.com
  The UK is not seeking 'passporting', as it will no longer be a member of the single market, but neither should it be treated in the same way as other 'third countries', given the scale and complexity of UK-EU financial services trade", Philip Hammond ...en meer »
  
  Read more

• Carillion contracts deal fails, putting 2,500 jobs at risk

  08-03-2018 15:06 via theguardian.com
  Canadian firm BGIS pulls out of planned takeover of outsourced government contractsA Canadian firm has pulled out of a deal to buy a substantial number of public sector contracts from collapsed outsourcing firm Carillion, putting at risk 2,500 jobs that looked set to be saved. Real estate and facilities management company BGIS said last month it had agreed with the official receiver managing Carillion’s liquidation to buy contracts to provide services to hospitals, the education sector, ju
  
  Read more

• Advertisement

• Gina Rinehart-backed Sirius Minerals asks UK for financial help - The Sydney Morning Herald

  08-03-2018 14:15
  The Sydney Morning Herald
  Gina Rinehart-backed Sirius Minerals asks UK for financial help
  The Sydney Morning Herald
  The Gina Rinehart-backed Sirius Minerals is being forced to go cap in hand to Theresa May's government for a helping hand.en meer »
  
  Read more

• UK should not favour financial services in Brexit - Labour Party - Reuters

  08-03-2018 13:47
  Reuters
  UK should not favour financial services in Brexit - Labour Party
  Reuters
  LONDON (Reuters) - Britain should not favour financial services over other sectors of the economy as it negotiates its future trading relationship with the European Union after Brexit, Labour Party finance spokesman John McDonnell said on Thursday ...
  UK Should Not Favor Financial Services in Brexit: Labour PartyU.S. News & World Reportalle 10 nieuwsartikelen »
  
  Read more

• Finance has a shocking gender pay gap. Shining a light on it is just the start | Nicky Morgan

  08-03-2018 13:18 via theguardian.com
  Pay discrepancies are bad for business, and yet they are rife in finance. Our inquiry is committed to fixing this for good• Nicky Morgan, the Conservative MP for Loughborough, is the first female chair of the Commons Treasury select committeeThe gender pay gap in financial services is astonishing. It’s almost 100 years since International Women’s Day was first observed, and still we find women at some of the country’s top financial institutions are paid half as much as men
  
  Read more

• Extreme frugality allowed me to retire at 32 – and regain control of my life

  08-03-2018 12:00
  Elizabeth Willard Thames abandoned a successful career in the city and embraced frugality to create a more meaningful life. It enabled her to retire at 32 with her family to a homestead in the Vermont woodsAs I write this, I’m sitting on the back porch of the rural Vermont homestead I share with my husband and our daughter, gazing out on the 66 acres of forest, fruit trees, gardens, ponds, and streams that we feel incredibly lucky to call our own.Just a few years ago, this seemed like an i
  
  Read more

• John Lewis cuts staff bonus as profit falls 77%

  08-03-2018 11:36 via theguardian.com
  Annual bonus for 85,000 workers reduced to lowest level since 1954 after ‘challenging year’John Lewis Partnership (JLP) has cut its annual staff bonus to the lowest level in 64 years after profit plunged at the group, which owns Waitrose and a chain of department stores.The company said 85,000 workers, known as partners because they jointly own the business, would share a £74m bonus, equivalent to 5% of annual pay. All partners, from leading executives to Saturday shelf-stacker
  
  Read more

• Firms underpaying women should be fined. Under Labour they will be | Dawn Butler

  08-03-2018 09:51 via theguardian.com
  The Tories’ promises on equality are hollow – to achieve equal pay we don’t just need audits, we need action• Dawn Butler is shadow minister for women and equalities and Labour MP for Brent CentralIt is International Women’s Day, a day to celebrate the achievements of women around the world and how far we’ve come in the fight for equality, while also recognising how far we still have to go. Action is long overdue in tackling the scandal of unequal pay. So I&rsq
  
  Read more

• The Tories never cared about eliminating the deficit. It was just a pretext to slash the state | Frances Ryan

  08-03-2018 09:00 via theguardian.com
  David Cameron and George Osborne are celebrating this week. But their austerity programme has left lives in ruinsThey say that a picture looks different, depending on the viewers’ perspective. The same can be said for politics. The continuing, unprecedented cuts to Britain’s public services, for example, will appear quite different to a disabled person unable to get to the toilet because their social care has been halved than they will to, say, a former prime minister reading the new
  
  Read more

• Why was I punished by easyJet for someone else’s crime?

  08-03-2018 08:00
  Tha airline blacklisted me because a fraudster made payments for flights with my card four years agoIn June 2014 I reported to my bank fraudulent use on my credit card, which, among other things, related to £2,000-worth of dental treatment and flights purchased with Ryanair and easyJet. This money was immediately refunded to my card and, to this date, my card remains in use without any problems. Since then, I have bought and used Ryanair flights without any issue. But I have recently tried
  
  Read more

• Post-Brexit UK financial markets 'offer' for Gibraltar - BBC News - BBC News

  08-03-2018 06:56
  BBC News
  Post-Brexit UK financial markets 'offer' for Gibraltar - BBC News
  BBC News
  The UK is to offer Gibraltar continued barrier-free access to finance markets after Brexit, the BBC understands. The UK is negotiating for Gibraltar to be treated the same as Britain when it leaves the EU in March 2019. But the EU insists Madrid can ...
  UK makes Brexit promise to Gibraltar on financial servicesCity A.M.
  UK guarantees Gibraltar's post-Brexit access for financial services and gamingGibraltar Chron
  
  Read more

• Next facing £30m equal pay claim from shop-floor staff

  08-03-2018 01:01 via theguardian.com
  Mainly female shop-floor workers say they are paid less than mainly male warehouse staffNext is facing a demand for up to £30m in back pay from thousands of mainly female shop-floor staff in the first major equal pay claim against a fashion retailer.More than 300 workers have registered to participate in a claim that was filed at the conciliation service Acas on Wednesday. They say they are paid £7.50 an hour or an average £2 an hour less than mainly male warehouse workers who
  
  Read more

Follow @financialnwsUK on Twitter!