Financial news

• Pound's unexpected robustness may point to underlying strength | Patrick Collinson

  11-07-2018 19:40 via theguardian.com
  Despite UK ‘turmoil’, sterling has never been more stable against the euro The UK is, President Trump kindly informs us, in turmoil. In Westminster, there is feverish talk of a leadership challenge. The economy is in a state of peak Brexit uncertainty. The trade deficit has worsened yet again. An increasingly bitter trade war is battering Britain’s FTSE-quoted commodity giants. In the past, sterling, as the barometer of the nation’s international standing, would have coll
  
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• Tesco faces £4bn equal pay bill as claimant numbers swell to 1,000

  11-07-2018 18:19
  Supermarket chain’s back-pay demands could cost it up to £20,000 for each workerThe number of Tesco shop workers taking part in a legal challenge to secure equal pay, which could lead to the supermarket paying out £4bn, has swelled to 1,000.The law firm Leigh Day has filed a further 900 claims at the employment tribunal on behalf of shop assistants, on top of the 100 who started legal action in February, as first reported by the Guardian.Continue reading...
  
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• Why are UK workers so unproductive? – in 5 charts - Financial Times

  11-07-2018 17:49
  Financial Times
  Why are UK workers so unproductive? – in 5 charts
  Financial Times
  In this graphical explainer, FT economics editor Chris Giles digs into the numbers to show how and why output per British worker lags behind that of every G7 country except Japan. Share on Twitter (link opens in a new browser window) · Share on ...
  
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• 'Microsoft of retail': Ocado plots move into clothes and homeware

  11-07-2018 11:16
  Chief executive wants to exploit firm’s skill at ‘moving things’ under expansion plansThe online grocer Ocado has outlined ambitious expansion plans that include a move beyond groceries into using its hi-tech warehouses to sell clothing and homeware. The company was dubbed the “Microsoft of retail” by one analyst after recently signing a blockbuster deal with the US supermarket Kroger which propelled the company into the FTSE 100. Continue reading...
  
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• Parking meters adding insult to injury for motorists – archive, 11 July 1968

  11-07-2018 08:23
  11 July 1968: Revenue is being eaten up by administrative costs rather than subsidising public transportMore than £8,500,000 has been put into parking meters by British motorists since the first scheme was introduced in Westminster in 1958. The Royal Automobile Club, which carried out a survey into the scheme, said yesterday that £6 millions of the takings had been eaten up by overheads and administrative costs.Related: ‘It's the worst place to park in the world’ –
  
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• My glass table from Argos shattered – can I get a refund?

  11-07-2018 08:00
  It was three years old – and I can’t believe they’re still selling themI’ve seen your stories about Argos glass garden tables shattering. My Malibu patio set (different from those featured) exploded, too. It cost £269.99. Argos has offered a replacement or part refund. I can’t believe it is still selling these when they are such a danger. VR, Walsall, West Midlands Continue reading...
  
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• It’s not only Londoners who rely on buses and trains | Lynsey Hanley

  11-07-2018 07:00
  Buses in the capital are fairly priced and frequent – and well used. Why has the rest of the country been left behind?The railway network is in meltdown. Bus use is declining as routes are cut and fares go up. Most of us are breathing in dangerous levels of car-created pollution. Heathrow is likely to get a new runway even though we know air travel is lethal for the environment. The Economist claims that public transport only “provides a service for people who are too old, too young,
  
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