Financial news

• Ocado's secret talks with M&S could spell the end for Waitrose tie-up

  27-01-2019 16:16 via theguardian.com
  Talks to deliver Marks & Spencer groceries emerge as end to Waitrose partnership loomsOcado has held secret talks with Marks & Spencer over the launch of a food delivery service that could signal the end of its long running tie-up with Waitrose.The Ocado name has been intertwined with Waitrose for the past 20 years but the current supply deal between the companies ends in September 2020. Continue reading...
  
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• Huawei's problems deepen as western suspicions mount

  27-01-2019 15:08 via theguardian.com
  Many question marks hang over the telecom but the Chinese tech monolith is far from finishedThe Chinese telecom company Huawei is at the centre of an increasingly tense standoff between China and the US.What began as a trade spat and grievances over corporate intellectual property theft has developed into a global standoff involving “hostage diplomacy”, death sentences and allegations of Chinese espionage. Continue reading...
  
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• Thousands of Tesco jobs at risk as bosses look to axe fresh food counters

  27-01-2019 13:53 via theguardian.com
  Reports claim retail giant plans to axe butchers and fishmongers, and trim bakeries among other cutsTesco is embarking on a fresh round of aggressive cost-cutting in its UK supermarket business that could eliminate thousands of jobs and its in-store deli counters.The latest plan reportedly involves the closure of meat, fish and delicatessen counters as well as downgrading in-store bakeries. Staff canteens are also to be replaced with vending machines, according to the Mail on Sunday, with sugges
  
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• Davos 2019: the yawning gap between rhetoric and reality | Larry Elliott

  27-01-2019 12:07 via theguardian.com
  When it comes to the environment and inequality, world leaders need to start doing what they sayOne of the best things about Davos is the train ride up the mountain. It is not just that the views are stunning. Nor is it simply that the trains always run on time. It is also the absence of the noise pollution found when travelling by rail in the UK.There are no messages telling you the station is being monitored 24 hours by CCTV; nobody telling you it is important for your own safety to stand back
  
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• More means less when it comes to a great cafe | David Mitchell

  27-01-2019 11:00 via theguardian.com
  Patisserie Valerie lost its atmosphere when it became just another chain restaurant with a vague ‘Belgian patisserie’ themeThe first time I went to Patisserie Valerie, in December 1993, it felt really special. I was having a day out in London during the Christmas vacation after my first term at university and a college friend, who lived in London, took me to what I for many years wrongly thought of as the original Knightsbridge branch. It seemed extremely refined and continental &nda
  
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• Buyer beware! Don’t inflate your income to get a mortgage

  27-01-2019 09:00 via theguardian.com
  It’s one of the things that could lead to a refusal, making it harder to get a future loan Homebuyers have been warned to avoid inflating their income when applying for a mortgage, which can lead to their application being rejected. New figures show that one in six homeowners had been refused a home loan in the past. This crucially can lead to delays in being accepted for another at a later date.Consumer group Which? found the highest number of refusals was in the capital – far highe
  
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• Brexit warnings by Airbus and Siemens cannot be ignored

  27-01-2019 09:00 via theguardian.com
  Major UK manufacturers know what they are talking about, unlike those clamouring for a no-deal exitEmpty threats, say Brexiters of the claims made by Airbus and Siemens that plans are under way across industry to slash investment budgets and possibly close factories should the UK quit the European Union’s single market and customs union on 29 March.Worse than that, Mark Francois MP, an arch Tory Brexit campaigner, says it amounts to bullying. He said Airbus’s German boss was guilty o
  
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• Apple became the greatest. But is its crown slipping?

  27-01-2019 09:00 via theguardian.com
  The company is already warning its investors about this week’s results. Can it pull off one more comeback?In 1997, as it was attempting to resuscitate itself from corporate near-suicide, the tech company Apple ran a series of adverts imploring punters to “Think Different”.One used old footage of former heavyweight champ Muhammad Ali, shadow-boxing at a camera and mocking his observer. “Back up, sucker. Back off,” he yells, before changing his taunt. “Come get
  
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• A £24,000 penalty for failing to submit one piece of paper to the council

  27-01-2019 09:00 via theguardian.com
  Botched legislation over a ‘commencement notice’ means owners face losing their homeWhen Mark Walker’s stepfather had a heart attack, it was clear he could no longer live alone. Walker therefore got planning permission to extend his home in Rickmansworth, south-west Hertfordshire, so that the 81-year-old cancer patient could be cared for by his family. However, he did not formally notify Three Rivers district council when construction started at the end of 2017. The omission ma
  
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• For the poor, it’s not Europe that’s the problem. It’s austerity

  27-01-2019 08:00 via theguardian.com
  Brexit is a solution to what wealthy Leavers perceive to be their problems. It will not remedy the discontents of the manyAs the Brexit farce proceeds, it is worth remembering that before David Cameron made his catastrophic error of calling a referendum, the EU was way down the list of British people’s concerns in almost every opinion poll. Indeed, not even in the first 11.The central point is that Brexit became the focus for all manner of discontents, many of them understandable. But leav
  
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• Future of digital journalism in question as BuzzFeed and HuffPost lay off 1,000

  27-01-2019 07:00 via theguardian.com
  Job losses follow sales or cuts at Mic, Refinery29 and elsewhere, but publishing as a whole had already shrunk sharplyRevenue-per-click, the business strategy that has informed digital publishers for years, was effectively pronounced DOA this week as leading players in a sector once viewed as the future of journalism announced deep cuts.In a letter to employees headlined “Difficult Changes”, the BuzzFeed founder and chief executive, Jonah Peretti, said the company would reduce headco
  
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• Stephen Rubin, owner of JD Sports, paid most tax in UK last year with £181m bill

  27-01-2019 05:50 via theguardian.com
  Bet365 tycoons are second, Sir James Dyson is third and the Beckhams also feature in Sunday Times listStephen Rubin, the majority owner of JD Sports, has been revealed as Britain’s highest taxpayer in a list that also includes Sir James Dyson, Mike Ashley and the Beckham family.Rubin paid £181.6m in taxes in 2017-18, according to a study by the Sunday Times (£), with Denise, John and Peter Coates, owners of bet365, second on the list with a £156m tax bill. Continue readin
  
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