Financial news

• John Lewis cuts CO2 fumes by over 80 percent in LARGEST ever green trial

  26-08-2018 17:06 via feedproxy.google.com
  JOHN LEWIS has teamed up with green gas supplier CNG Fuels to launch the UK's largest-ever trial aimed at showing how biomethane, a low carbon alternative to diesel, can slash HGV emissions and costs, writes Maisha Frost.
  
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• Viagogo to move UK staff to New York as European investigations mount

  26-08-2018 16:18
  Ticketing website’s workforce relocation comes amid inquiries into its European operationsThe controversial ticketing website Viagogo is preparing to move much of its UK workforce to New York, as it explores US expansion. The move comes at a time when the company faces multiple investigations into its affairs in Europe. The Competition and Markets Authority warned the company in April that it was risking legal action for suspected breaches of consumer law, and National Trading Standards la
  
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• Corbyn wants to tame UK media, not to free it - Financial Times

  26-08-2018 15:50
  Financial Times
  Corbyn wants to tame UK media, not to free it
  Financial Times
  When political leaders start talking about building a better and more democratic media, all those who believe in freedom of the press should worry. Jeremy Corbyn, the UK opposition leader, this week set out just such an agenda, excoriating in Trumpian ...
  
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• UK's biggest payday lender Wonga 'on the brink of collapse'

  26-08-2018 15:07
  Shareholders gave cash injection of £10m weeks ago as firm faced legacy loan claimsBritain’s biggest payday lender, Wonga, is teetering on the brink of collapse following a surge of customer compensation claims in recent weeks that could cause it to call in administrators.
  The short-term loan provider has reportedly lined up accountancy firm Grant Thornton to handle a potential administration of the company should its board believe it is unable to avoid falling into insolvency. The r
  
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• Five-minute guide to... Avoiding disputes over your legacy

  26-08-2018 14:48 via feedproxy.google.com
  ANYBODY can make a mistake, but if you get it wrong when drawing up your will, the consequences can last for the rest of your life and beyond. There are three common mistakes people make when it comes to their will, and any of them can cost your family dear.
  
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• Business rates should be axed, says GEOFF HO

  26-08-2018 14:22 via feedproxy.google.com
  HOMEBASE will this week seek approval to close unprofitable stores and obtain rent reductions on others and I fully expect a flood of other retailers to follow suit, unless the Government finally tackles business rates.
  
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• Why a little protection can go a long way when you're ill

  26-08-2018 14:17 via feedproxy.google.com
  BRITONS consider themselves to be a resilient bunch who can take life's blows on the chin, but sometimes the knocks may be too hard, even for the strongest of us.
  
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• UK's Help to Buy scheme is being used for 'upsizing' - Financial Times

  26-08-2018 14:01
  Financial Times
  UK's Help to Buy scheme is being used for 'upsizing'
  Financial Times
  More than 32,000 households have used the UK government's flagship Help to Buy scheme to trade up for bigger properties rather than buying a first home since the policy was introduced in 2013, according to new analysis. Help to Buy offers borrowers an ...
  
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• UK coast guard searches for 2 missing fishermen in North Sea - Financial Post

  26-08-2018 13:49
  UK coast guard searches for 2 missing fishermen in North Sea
  Financial Post
  LONDON — British coastguards are searching for two missing fishermen in the North Sea after three others from their capsized boat were rescued by a passing cruise ship. The Maritime and Coastguard Agency says the search operation was suspended ...en meer »
  
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• Fishing for business: how Angling Direct tackled the UK high street

  26-08-2018 13:48
  After a successful market debut and a 56% sales jump, the fishing retailer is rapidly growingKeen angler Darren Bailey left school at 16 in the hope of making money doing something he loved. Thirty years on from taking a job in a fishing tackle shop in Norwich, he is chief executive of Angling Direct, a rapidly growing retail business that made its stock market debut a year ago.Continue reading...
  
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• Firms need more help with Brexit

  26-08-2018 13:31 via feedproxy.google.com
  NOT enough is being done by the Government to help businesses to prepare for Brexit, according to consultant Winning Moves.
  
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• Gower warns Lord's investment will be a long innings

  26-08-2018 13:20 via feedproxy.google.com
  CRICKET fans looking to buy a piece of Lord's are unlikely to make any money from it according to David Gower, chairman of the property firm behind the deal.
  
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• Homebase's future hangs in balance

  26-08-2018 13:05 via feedproxy.google.com
  HOMEBASE is urging landlords to back its restructuring plans on Friday and warns that it will go into administration if they fail to do so. Landlords are set to vote on the plans and a source close to the process said that while the two sides have held constructive talks, "there is no Plan B".
  
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• Britons seem relatively relaxed in the face of Brexit apocalypse | Larry Elliott

  26-08-2018 12:31 via theguardian.com
  Despite predictions of gloom from the Treasury and Bank, the public remains optimisticBefore heading off for his summer break Mark Carney said the risks of a no-deal Brexit were uncomfortably high. Last week Philip Hammond warned the Treasury would take an £80bn hit if negotiations between Britain and the EU failed completely.There is a risk to this latest manifestation of Project Fear. If the public really thinks that in eight months’ time Britain is going to be plunged into the eco
  
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• Trump says impeachment could hurt the boom. But he’s hurting it already

  26-08-2018 08:00 via theguardian.com
  The president’s remarks overlook the fact that his tax cuts and protectionism destabilise the very bull market he boasts aboutImpeach me and the stock market gets it. There were unmistakable echoes of a mob boss in a gangster movie when Donald Trump insisted that any such action against him would bring an abrupt end to what is now the longest bull market in history.It is a sign of a backs-to-the-wall mentality at the White House that Trump felt the need to lash out in this way. Presidents
  
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• The mood on Brexit is turning. Labour can turn too

  26-08-2018 08:00 via theguardian.com
  As former Leave-voting constituencies start to waver, the party is now free to act in Britain’s interest and oppose this Tory follyThere is a time-honoured expression for offering something that is not needed: “that’s like taking coals to Newcastle” – the north-east of England, of course, for most of the 20th century having been a centre of working coal mines. More recently, however, the coalfields were so run down that, before the carbon tax was introduced in 2013,
  
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• Crackdown to safeguard pensions when firms go bust

  26-08-2018 07:05
  Bosses could be fined if they fail to perform legal duties and honour their workers’ rightsDirectors who have dissolved companies to avoid paying workers or pensions could be disqualified or fined by authorities for the first time. The move is part of a government initiative to safeguard workers, pensions and small suppliers when a company goes bust.The Observer reported in January that the government was preparing to crack down on irresponsible company bosses in the wake of the collapse o
  
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• UK banks loosen mortgage standards to maintain growth - Financial Times

  26-08-2018 06:01
  Financial Times
  UK banks loosen mortgage standards to maintain growth
  Financial Times
  Britain's banks and building societies are loosening lending standards and cutting fees to maintain growth, as competition and a weakening housing market squeeze profit margins. The number of mortgage deals where banks are willing to lend at least 90 ...
  
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