Financial news

• Malaysia to investigate Battersea Power Station property deal

  11-06-2018 20:23 via theguardian.com
  Governing party leader says billions of dollars of ‘dubious’ investments to be looked intoThe purchase of Battersea Power Station, the biggest property deal in the UK, is under threat after the leader of Malaysia’s governing coalition said it would be investigated as part of “dubious” investments made by the previous administration. On a visit to London to meet British ministers, Anwar Ibrahim, who leads the recently elected Pakatan Harapan, said a series of deals p
  
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• One of Africa’s most promising entrepreneurs on changing lives, motherhood and polo

  11-06-2018 18:46 via theguardian.com
  Neku Atawodi-Edun explains what sport can teach us about success and her mission to drive technological and financial inclusion across Nigeria“Working with my entrepreneurs, I tried to focus on personally building them and personally preparing them for the struggles of entrepreneurship, the realistic struggles. A lot of people speak about individual successes, but they don’t speak about the team,” says Neku Atawodi-Edun, the country director for Meltwater Entrepreneurial School
  
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• Food entrepreneur Anjum Anand: ‘You’re always firefighting as a small business’

  11-06-2018 18:46 via theguardian.com
  The cookbook writer, business owner and Regent’s University London graduate on breaking stereotypes around Indian food, what it’s like working as a husband-wife team, and the importance of authenticity I always wanted to have my own business. My first job was with a company importing flatpack furniture into the UK, but I hated it. I loved coming home at the end of the day and cooking – it meant a lot to me. I was learning Indian recipes from my mum at the time, and when my frie
  
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• Ryanair's UK cabin crew to be represented by union for first time

  11-06-2018 18:15 via theguardian.com
  Unite signs recognition agreement with airline that could cover about 650 staffCabin crew at Ryanair in the UK will be represented by a union for the first time after Unite signed a recognition agreement with the airline.
  About 650 staff working from Ryanair’s UK bases could be covered by the deal, with the union able to represent them in talks on pay, hours and holidays. Continue reading...
  
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• Airline deals ‘not on cards for TUI’

  11-06-2018 17:05 via feedproxy.google.com
  TUI’s chairman has ruled the tour operator out of the wave of mergers and acquisitions taking place in the sector, favouring instead a focus on competitiveness.
  
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• Tell us: how could the high street be saved?

  11-06-2018 16:45 via theguardian.com
  As some of the most recognisable names close, we’re seeking your imaginative solutions and examples for a sustainable high street
  Another weekend of shopping has passed with another high profile chain announcing store closures.Related: How to bring a high street back from the deadContinue reading...
  
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• No excuses: slump in UK manufacturing is dismal news | Larry Elliott

  11-06-2018 16:41 via theguardian.com
  Biggest fall in production since 2012 suggests Bank of England’s optimism may be misplacedThere was a ready-made explanation when the March manufacturing figures were bad. Falling factory output was all down to the weather – the blizzards brought in by the “beast from the east”.No such excuse is available this time. Manufacturing posted its biggest fall in production in more than five years. It was the third monthly decline running and nine of 13 industrial subsectors sai
  
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• Jaguar Land Rover to move UK production of Discovery to Slovakia

  11-06-2018 16:41 via theguardian.com
  Hundreds of jobs could be at risk but Solihull plant to be upgraded for electric modelsBritain’s biggest car manufacturer, Jaguar Land Rover, is to transfer all production of its Land Rover Discovery model from the West Midlands to a plant in Slovakia, potentially putting hundreds of jobs at risk.A spokesman for JLR said the Slovakian plant had been developed over several years and the latest move was unconnected to the Brexit headwinds that led to it announcing 1,000 UK jobs would go in A
  
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• Cold call blocker cash pain

  11-06-2018 15:39 via feedproxy.google.com
  A COLD call promising a service to block nuisance calls did nothing but cause pensioner Tom Cunliffe misery after his bank account was hit by a stream of unauthorised debits.
  
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• Poundworld falls into administration, putting 5,000 jobs at risk

  11-06-2018 13:33 via theguardian.com
  Talks to rescue retailer fail in latest blow for Britain’s struggling high street•Full list of Poundworld storesPoundworld has collapsed into administration, putting more than 5,000 jobs at risk, after rescue talks failed over the weekend.It is the latest blow for Britain’s struggling high streets, where a string of retailers and restaurants have shrunk or collapsed due to rising costs and a consumer spending squeeze.Continue reading...
  
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• Pound USD: Exchange rate declines as production slows and trade deficit grows

  11-06-2018 13:22 via feedproxy.google.com
  The pound to US dollar exchange rate got off to a shaky start today, with Sterling falling around a quarter of a per cent in the pairing on a string of poor UK data releases. Whilst the GBP/USD rate remains above the low of $1.322 seen in late May, the current exchange rate of $1.336 is still relatively poor compared to April’s high of $1.434.
  
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• Full list of Poundworld stores as it goes into administration

  11-06-2018 12:17 via theguardian.com
  The retailer is calling in administrators, putting more than 5,000 jobs at risk•Poundworld falls into administrationPoundworld is calling in administrators, putting 5,000 retail jobs in doubt.Here is a full list of Poundworld stores: Continue reading...
  
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• Small print on travel insurance leaves holidaymaker with £30,000 bill

  11-06-2018 09:30 via theguardian.com
  Axa pays just a third of the costs for customer diagnosed with kidney tumour on holidayDuring a holiday in Cape Verde in January, Juliet Taylor was diagnosed with a kidney tumour and airlifted to Tenerife for surgery and two blood transfusions. While she was in intensive care, her travel insurance provider, Axa, told her it would only fund a third of her care costs. She was liable for the remaining £30,500 because she had failed to declare a single prescription of sleeping tablets when she
  
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• Are debt crises in Argentina and Turkey a global warning sign?

  11-06-2018 09:07 via theguardian.com
  We should not be complacent about the risks a recession could pose to advanced economiesAre brewing exchange rate and debt crises in Argentina and Turkey localised events without broader implications? Or are they early warning signs of deeper fragilities in bloated global debt markets that are being exposed as the US Federal Reserve continues to normalise interest rates?Rising interest rates could test stability in some advanced economies as well, especially in Italy, where voters, particularly
  
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• Why did my milk delivery firm’s service turn sour?

  11-06-2018 08:02
  The only thing online food shopping firm Milk & More delivered was another complaintIn April you highlighted difficulties with Milk & More. We’ve been using the company for five years, and only since its takeover by Müller have we experienced problems – none a direct fault of our friendly milkman. My regular delivery was every two weeks but, since January, it started to be weekly and I kept being told this would be corrected. By the end of March it wasn’t, so I can
  
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• How the small print on my travel insurance cost me £30,000

  11-06-2018 08:00
  Axa pays just a third of the costs for customer diagnosed with kidney tumour on holidayDuring a holiday in Cape Verde in January, Juliet Taylor was diagnosed with a kidney tumour and airlifted to Tenerife for surgery and two blood transfusions. While she was in intensive care, her travel insurance provider, Axa, told her it would only fund a third of her care costs. She was liable for the remaining £30,500 because she had failed to declare a single prescription of sleeping tablets when she
  
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• Can I take my name off the family house and avoid stamp duty on another?

  11-06-2018 08:00
  I want give our home to my wife and go and buy a property in Wales where she might join me Q My wife and I have a different outlook on the future. I wish to go and live in Wales and buy a home for myself to live in. I am happy to give our home to my wife (in the hope that she would see sense and join me). I understand that the government may see me as having an ulterior motive, but this is not the case. I want no money from any future sale. We own the house outright.Can I have my name removed fr
  
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