Financial news

• Chicago's Steppenwolf theatre begins $54m expansion with UK firm

  05-03-2019 22:52
  The theatre broke ground this week on a 50,000 sq ft project that will include a 400-seat theatre-in-the-roundThe renowned Steppenwolf theatre in Chicago has broken ground on a $54m expansion that will include an “intimate” 400-seat theatre-in-the-round.The 50,000 sq ft project, built in collaboration with the Chicago architectural firm Adrian Smith + Gordon Gill and the British company Charcoalblue, is expected to open in summer 2021. Continue reading...
  
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• Brexit won’t bother the City – but everyone else should worry | Nils Pratley

  05-03-2019 19:56
  The Bank’s careful plans for no deal are in stark contrast to uncertainty facing carmakers, airlines and farmers
  Compare and contrast. At the Bank of England, preparations for a no-deal Brexit are proceeding swimmingly. The central bank and its EU counterpart have established a plentiful supply of euros that banks can access via weekly auctions starting almost immediately. No creditworthy financial institution need get hurt unnecessarily.This “prudent and precautionary step”, a
  
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• The Guardian view on the biggest privatisation: the land beneath our feet | Editorial

  05-03-2019 19:47
  A new book helps us understand what is happening in Britain today by exposing the scale of the sell-off of the state’s estateIn her memoirs the late Margaret Thatcher wrote that privatisation must be “at the centre of any programme of reclaiming territory for freedom”. Since 1979 British prime ministers have been true to her word. Thatcher used territory in a metaphorical sense, but it was also true literally: the privatisation of land is the biggest, and least well-known, sell
  
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• Italian investment firm to buy Morgan Motor Company

  05-03-2019 18:42
  Investindustrial to take over one of last remaining British-owned carmakers in April Morgan Motor Company, one of the last remaining British-owned carmakers, is to be bought by an Italian investment firm.The 110-year-old classic sports car firm, based in Malvern, Worcestershire, said it had sold a majority holding to Italy’s Investindustrial, which owns stakes in a broad range of auto brands, including Aston Martin and the motorbike maker Ducati. Continue reading...
  
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• Debenhams issues profit warning as sales continue to slump

  05-03-2019 18:03
  Department store chain is trying to reach deal with lenders to close 50 storesDebenhams has issued a fresh profits warning after a slump in UK sales, as it tries to hammer out a deal with its lenders that will include 50 store closures.The retailer said its previous profit forecasts for the current financial year – made just two months ago – were no longer valid after a 6% slide in UK sales in the 26 weeks to 2 March and an increase in finance costs. Continue reading...
  
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• Apprenticeships can boost the NHS workforce – but it's not a quick fix

  05-03-2019 17:00 via theguardian.com
  With standards and programmes now developed for eight disciplines, clinical apprenticeships offer a new way to retain and develop staffA career in healthcare offers an exciting and rewarding opportunity for people who want to make a real difference in the lives of others. Healthcare programmes lead to high employment rates and diverse career prospects, including advanced roles in clinical practice, education, leadership and research.Apprenticeships are one of the routes that are open to people t
  
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• Best of both: how degree-level apprenticeships blend work and study

  05-03-2019 16:45 via theguardian.com
  Described as a ‘magic card’, higher or degree apprenticeships mix undergraduate-level academic study with hands-on experience Leaving full-time education at 18 is not always the best move, especially for those seeking a high-powered career.But for young people such as Nadia Johnson and Jessica Wong, software engineer apprentices at French electrical systems firm Thales, it meant a guaranteed job without missing out on university. Continue reading...
  
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• State pension increase 2019: When will it rise this year? How much will state pension pay?

  05-03-2019 16:43 via feedproxy.google.com
  STATE pension will increase this year with millions of pensioners getting a pay rise. So when will it rise and how much will the state pension pay?
  
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• Regulator lines up contempt case against ticket site Viagogo

  05-03-2019 15:54
  Competition and Markets Authority steps up action against controversial websiteThe competition watchdog is to take legal action to have the ticket resale website Viagogo found in contempt of court over its controversial business practices, in a move that could result in the company being fined or directors facing prison.The Competition and Markets Authority said Viagogo had not fully complied with the terms of a court order designed to protect consumers, despite being given a grace period to do
  
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• Booze cruise back in fashion as Britons stock up before Brexit

  05-03-2019 15:26 via theguardian.com
  Majestic Wine’s Calais sales soar as survey suggests one in 10 Britons are stockpiling foodThe booze cruise is back in fashion as shoppers stock up on cheap wine from across the Channel before the Brexit deadline on 29 March.Sales at Majestic Wine’s Calais stores soared 49% last month and pre-orders are up 78% in March as shoppers take advantage of France’s low alcohol taxes while they can. Continue reading...
  
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• Geneva goes electric: 2019 Motor Show – in pictures

  05-03-2019 15:22
  Electric cars featured heavily at the 89th annual motoring showcase event in Switzerland, as manufacturers rolled out new electric and hybrid models to address tougher emissions requirements in Europe. SUVs and SUV-like crossovers also had a good showing, in addition to new prestige and performance models and concepts from car makers Continue reading...
  
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• Relief for driver after DARTFORD CROSSING slip led to £190 penalty

  05-03-2019 14:19 via feedproxy.google.com
  Driving over the Dartford Crossing, which spans the Thames between Essex and Kent, took its toll on car owner Terri Roach who, despite paying the £2.50 charge, was landed with a £190.50 fine.
  
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• Pound US dollar exchange rate: GBP/USD steadies as Trump investigation ‘crumbles’

  05-03-2019 14:01 via feedproxy.google.com
  This morning the pound held steady against the US dollar, and is currently trading around $1.314. GBP/USD steadied after President Donald Trump came under increasing pressure from investigators from multiple congressional committees and state prosecutors, with Democrats pushing harder than ever for impeachment.
  
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• Pound euro exchange rate: GBP/EUR rises UK services improve while Italy stays in recession

  05-03-2019 12:57 via feedproxy.google.com
  The pound euro exchange rate edged higher today and is currently trading around €1.164. Sterling increased following the publication of the UK Markit Services PMI figures for February which increased above expectation to 51.3.
  
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• 'Stick it to corporate America': why we are so willing to steal from work

  05-03-2019 12:00
  Rate of occupational fraud has doubled as employees steal laptops, data and ideas from their companiesIt is surely no big deal to steal a ballpoint pen from the office stationery cupboard, or some paper. But what about a mug, some furniture, a laptop? Many Americans apparently think it is fine to steal almost anything you can from work, a new report has found.The study, by the Association of Certified Fraud Examiners (ACFE), found that “non cash” property theft – which spans ev
  
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• Pound US dollar exchange rate: GBP/USD rises as UK services PMI beats expectations

  05-03-2019 11:03 via feedproxy.google.com
  This morning the pound is up against the US dollar, and the pairing is currently trading at around $1.317. The UK services PMI showed that while business activity in the sector picked up in February, employment fell at its fastest pace since November 2011.
  
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• Waitrose’s delivery service has failed to go the distance

  05-03-2019 08:00
  The supermarket has suspended my regular delivery slot and won’t confirm it will reinstate itMy local Waitrose in Lincoln (along with Ipswich, I understand) is running what was supposed to be a four-week trial whereby only a proportion of the usual online shopping slots are available. However, my usual Saturday morning slot – which I have used for at least the last seven years – is unavailable into early May at least. This suggests that a decision to extend or make the trial pe
  
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• UK among countries with priciest mobile data plans in Europe

  05-03-2019 01:01 via theguardian.com
  Ranking of 230 countries placed UK 136th, with India as cheapest countryThe UK is one of the priciest countries in Europe for mobile phone data, with Britons typically paying almost six times more than their counterparts in Finland, according to a new study.Some may also be surprised to see that the top 10 cheapest countries in the world include the likes of the Democratic Republic of the Congo, Rwanda and Sudan. Continue reading...
  
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