Financial news

• O2 poised to receive millions from Ericsson over software failure

  09-12-2018 18:46
  UK network’s CEO will meet executives from Swedish firm to discuss compensationO2 is expected to receive a multimillion-pound compensation payment from technology group Ericsson over a software failure that cut off customers on Britain’s second largest mobile phone network.Mark Evans, O2’s chief executive, will meet executives from the Swedish firm over the coming days to review what caused the outage and begin negotiations about how much the UK network can expect to be paid in
  
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• SAVE MONEY this Christmas: Money-saving hacks to make this festive season AFFORDABLE

  09-12-2018 13:01 via feedproxy.google.com
  CHRISTMAS can be an expensive time of year but fortunately there are many ways to slash the cost and curb those money worries.
  
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• Never mind the Brexit sideshow – recession is the real worry | Larry Elliot

  09-12-2018 12:27 via theguardian.com
  Markets are more jittery about the prospect of a downturn than May’s doomed dealIt is crunch time for and Theresa May and the financial markets are in turmoil. The drama at Westminster has been mirrored by drama on stock markets, with share prices tumbling and money flooding into the customary safe haven assets – gold and government bonds. Squeaky bum time all round.None of this really has much to do with May’s doomed Brexit agreement, because the City has known since the minut
  
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• Need a bank to send money abroad? It’s faster to take a suitcase of cash on a plane

  09-12-2018 09:00
  It can take weeks using the Swift transfer system, as many have found to their costElaine and Malcolm Thompson’s charity, St Paul’s Children’s Project, pays school fees and expenses for 36 orphans in Zambia. In October they made a payment using the Swift system of £11,000 from the charity’s Barclays account to its designated bank in Zambia, but it never arrived.“Barclays stated that they have not received a response from the beneficiary bank and were therefore
  
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• Superdry feels the heat long after summer slump

  09-12-2018 08:00 via theguardian.com
  And now departed co-founder Julian Dunkerton is getting hot under the collar as poor interim results loomThere is at least someone looking forward to winter. The management at Superdry, the retailer that has become synonymous with multiple zips and Japanese characters, blamed the warm weather this summer for its muted financial performance as people became hesitant to spend on new, snug jackets while the sun continued to shine.This week the company announces interim results, having already issue
  
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