Financial news

• First UK strike action over restaurant tips looms at TGI Friday's

  11-04-2018 19:56
  Staff to be balloted over chain’s plan to give service charge cash to kitchen staff in lieu of pay riseTGI Friday’s is facing the first strike over tips in the UK in an escalation of a row between waiters and the restaurant chain.In February the casual dining chain, which has 83 outlets, proposed redistributing 40% of service charge payments paid on credit and debit cards to back-of-house employees, including kitchen staff, in lieu of a wage increase. Continue reading...
  
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• Slow UK economic growth is not just a cold weather trend | Larry Elliott

  11-04-2018 19:49
  A frozen February hampered the building and retail industry, but momentum has slowed by sterling’s rise, betting against Brexit, and weak manufacturing
  The UK economy had a poor start to 2018. Manufacturing output was flat in January and fell slightly in February. Construction remains firmly in recession. Export volumes are rising but less quickly than imports.By the end of this month, the Office for National Statistics will publish its flash estimate of growth in the first quarter. Most C
  
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• Build-to-rent: how developers are profiting from Generation Rent | Tim White

  11-04-2018 08:57
  More than £2bn was invested in purpose-built rental flats last year – but this is no way to solve the UK housing crisis The number of UK residents renting privately has doubled over the past decade, with some 20% of households (30% in London) now in private rented accommodation. Into this growing gap between social housing and home ownership the build-to-rent model has given property developers a new way to profit from Generation Rent.Continue reading...
  
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• Bitcoin price LIVE: $6k BTC to rise with UK plans to plot global path in crypto regulation

  11-04-2018 08:21 via feedproxy.google.com
  BITCOIN could rise alongside a move by financial market regulators to frame the exciting new technology in a transparent regulatory framework. The UK's Financial Conduct Authority looks set to lead the way with the publication of its review into cryptocurrencies in the third quarter of this year.
  
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• Milk – yet more complaints about deliveries

  11-04-2018 08:00
  And then the milkman arrived with an answerFollowing the comments regarding the poor service from Milk & More last week, I just wanted to add that I opted out of the company’s internet service and returned to direct communication with our milkman. I think it was because he was a franchisee. My milkman said it was more profitable for him and easier to service his customers if it was not done via the company website. JS, by emailOur postbag suggests that lots of people appear to be at th
  
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• Cryptocurrency SHOCK: Bitfinex exchange accused of FRAUD in alleged money-laundering plot

  11-04-2018 04:11 via feedproxy.google.com
  BITFINEX, one of the largest cryptocurrency exchanges, has denied claims it is implicated in a criminal case in Poland investigating a Colombian drug cartel’s money laundering operation, it has been reported.
  
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