Financial news

• Upmarket slipper brand Mahabis calls in administrators

  31-12-2018 19:18 via theguardian.com
  Firm that used pop-up ads to sell about 1m pairs of slippers is ‘desperately disappointed’The upmarket slipper brand Mahabis has become the latest retail casualty, calling in the administrators days after Christmas.Founded in 2014 by Ankur Shah, Mahabis aimed to revolutionise a staid market by targeting millennials with trendy woollen slippers that could be transformed into outdoor shoes using detachable rubber soles. Continue reading...
  
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• No-deal Brexit ferries: who gets funds and how was contract awarded?

  31-12-2018 19:09 via theguardian.com
  One of the companies awarded a contract has never run a cross-Channel serviceThe government’s award of a £13.8m ferry freight contract to a company that does not own any ships and has no track record as a cross-Channel operator has raised eyebrows. Seaborne Freight is one of three firms sharing a combined £103m of contracts, and is the only one that is not an established ferry company. Continue reading...
  
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• FTSE 100 tumbles by 12.5% in 2018 – its biggest fall in a decade

  31-12-2018 18:50 via theguardian.com
  World’s markets falter as Brexit uncertainty and the US-China trade war spook investorsBritain’s leading stock market index has suffered its worst year in a decade as economic worries, Brexit uncertainty and the trade war between the US and China all spooked investors.The FTSE 100 tumbled by 12.5% during 2018, its biggest annual decline since 2008, wiping out more than £240bn of shareholder value. Continue reading...
  
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• What is the price cap and how does it work?

  31-12-2018 17:49 via theguardian.com
  The government’s price cap on standard rate energy bills comes into effect today Millions to see annual energy bills drop as price cap takes effectIt’s a cap on the price that individuals pay for energy if they are on a “standard variable” energy tariff or a tariff they haven’t chosen – known as a “default tariff”. These are the most basic packages offered by energy companies, and tend to apply if you haven’t shopped around for a better deal.
  
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• Millions to see annual energy bills drop as price cap takes effect

  31-12-2018 17:29 via theguardian.com
  Biggest shakeup since privatisation could also see savings lost ‘within months’What is the price cap and how does it work?Millions of households will see their annual energy bills drop as the government’s price cap takes effect on Tuesday, but experts have warned that the saving will be wiped out within months.The long-awaited ceiling on default tariffs amounts to the biggest shakeup of the energy market since privatisation. Unlike Ed Miliband’s proposed energy price free
  
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• The Meghan effect: how the Duchess of Sussex can double a brand's turnover

  31-12-2018 15:11 via theguardian.com
  The duchess formerly known as Markle can change a fashion company’s fortunes if she wears one of their piecesDecember’s annual Fashion Awards may have been attended by some of the industry’s most influential figures, such as Kate Moss, Edward Enninful, Kendall Jenner and the Beckhams, but it was Meghan, Duchess of Sussex who stole the show. Arriving as a surprise on stage to present the creator of her wedding dress, Clare Waight Keller, the award for best womenswear designer, i
  
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• China stock market is WORST-PERFORMING of 2018 as US trade war takes toll

  31-12-2018 13:10 via feedproxy.google.com
  CHINA has emerged as the biggest loser among global markets for 2018 with Chinese stocks ending the year as the worst performing.
  
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• Global stock markets heading for year of WORST LOSSES since 2008 financial crash

  31-12-2018 12:44 via feedproxy.google.com
  GLOBAL stock markets have witnessed a turbulent 12 months, with 2018 looking set to mark their worst losses since the 2008 global financial crisis.
  
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• Co-op to open 100 BRAND NEW stores in BOOST for struggling UK high street

  31-12-2018 11:32 via feedproxy.google.com
  CO-OP is planning to open 100 brand new shops in 2019 as it defies the misery of the UK’s struggling high street.
  
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• A man I manage earns £20k more than me, and I can’t discuss it publicly | Anonymous

  31-12-2018 11:00 via theguardian.com
  We are being victimised by a culture of a pay secrecy that is wreaking havoc. I wish I had the courage to speak outA Norwegian financial trade union might be an unlikely mouthpiece for challengers of the global gender pay gap, but earlier this year it became just that. In an advertisement designed to highlight the company’s commitment to fairness in a sector still dogged by inequality, kids took part in a social experiment in which they were videoed being instructed to complete a simple ta
  
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• Here's to the firms that got customer service right in 2018

  31-12-2018 09:00 via theguardian.com
  We deal with a lot of complaints, so it’s worth noting the companies that go the extra mileIt is the season of goodwill and so it’s fitting to acknowledge that virtue does still exist on the high street. This column gets to hear about the worst side of corporate Britain. Most consumer transactions proceed smoothly, most problems are sorted out without recourse to the media and, sometimes, companies go well beyond their obligations to earn custom. Congratulations, therefore, to the lu
  
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• Carlos Ghosn: Japanese court detains ex-Nissan chief for 10 more days

  31-12-2018 05:10 via theguardian.com
  The former car company boss hoped to be released but faces more questions over financial misconduct allegationsCarlos Ghosn will remain in detention for another 10 days after a Japanese court approved a prosecutors’ request to continue questioning the former Nissan chairman over allegations of financial misconduct and breach of trust.Ghosn, who has been held at a Tokyo detention centre for more than six weeks, is accused of underreporting his salary by tens of millions of dollars and of tr
  
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• Bitcoin price predictions: Will crypto SURGE to new highs or PLUMMET to new lows in 2019?

  31-12-2018 03:55 via feedproxy.google.com
  BITCOIN has experienced a turbulent year, with the asset’s price slowly falling throughout 2018 - hitting its lowest point in mid-December, according to CoinMarketCap.
  
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• UK invests millions in micro-robots able to work in dangerous sites

  31-12-2018 01:01 via theguardian.com
  Devices could be deployed in underground pipe networks, reducing need for roadworksThe UK government is investing millions in the development of micro-robots designed to work in underground pipe networks and dangerous sites such as decommissioned nuclear facilities.The ambition is for the robots, developed in British universities, to mark the end of disruptive and expensive roadworks by carrying out repairs without the need to dig up the roads. Continue reading...
  
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