Financial news

• John Lewis should copy JD Sports and hit its landlords hard | Nils Pratley

  12-09-2019 20:33 via theguardian.com
  Urgent action, such as renegotiating rents, is needed at the department store chain to reverse a first-half lossThe definition of a true crisis at John Lewis, one should remember, is a threat to the model of employee ownership. That happened in the late 1990s when rivals were running rings around the organisation and even the top brass at John Lewis seemed to lose faith in their chief point of difference. It is not today’s position.Record profits were achieved as recently as 2017, so the c
  
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• Enough is enough: London Stock Exchange to reject Hong Kong’s £32bn bid over China fears

  12-09-2019 20:32 via feedproxy.google.com
  HONG KONG’s ambitious £32billion takeover bid for the London Stock Exchange is set to be slapped down by officials over fears it would place the bourse in China’s hands.
  
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• ABELHA CACHACA: Brazilian organic spirit is a win for small farmers and British business

  12-09-2019 20:04 via feedproxy.google.com
  ARTISANAL spirit Abelha Cachaca is giving some of Brazil’s organic sugar cane farmers, the bees on their pesticide-free land and British business many reasons to be cheerful as it blazes a new trail uniting ethical production and commercial success.
  
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• Pound US dollar exchange rate steady as US inflation fails to ease fears for Fed rate cut

  12-09-2019 18:05 via feedproxy.google.com
  THE pound US dollar exchange rate held steady today, with the pairing currently trading around $1.234 after August’s US core inflation firmed at a one-year high of 2.4 percent.
  
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• Unemployment rate for over 50s now equal to that of younger workers

  12-09-2019 18:01
  Greater number of older people in the UK workforce suggests ageist attitudes are waningAgeism in the workplace may be becoming a prejudice of the past, according to official statistics that show the unemployment rate for younger people is now the same as it is for the older workforce.Just 2.6% of adults aged 35 to 49 are unemployed, the same rate for people aged between 50 and 64, according to the Office for National Statistics’ fourth annual publication on the economic labour market statu
  
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• Pound Euro exchange rate: GBP/EUR slumps as ECB announces fresh stimulus package

  12-09-2019 17:27 via feedproxy.google.com
  THIS afternoon, the pound slipped against the euro with the pairing currently trading around €1.117.
  
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• Bitcoin uncertainty is dragging down cryptocurrency markets

  12-09-2019 17:19 via feedproxy.google.com
  BITCOIN’S apparent lethargy is beginning to spread across the markets as a slew of cryptocurrencies all show concerning declines.
  
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• PARAGRAF: Graphene set for mass market production with electronic tech firm’s new formats

  12-09-2019 17:10 via feedproxy.google.com
  PARAGRAF, the developer whose electronics technology based on wonder material graphene is paving the way for more powerful, lower energy devices such as medical scanners, has raised £12.8million to commercialise its breakthroughs. 
  
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• A four-day working week is common sense – but the state must make it happen | Will Stronge

  12-09-2019 16:15 via theguardian.com
  A Labour-commissioned report suggests a gradual reduction of the working week. Our research indicates we need to go further• Will Stronge is co-director of the thinktank AutonomyThe future means working less. This is the new common sense that has emerged in Britain and across the globe in recent years. We’ve seen a flurry of books pushing for a shorter working week, trade unions such as the Communications Workers Union winning reductions in hours for its members and “4 Day Week&
  
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• State pension age changes: Women detail ‘bitter disappointment’ at facing cash shortfall

  12-09-2019 12:46 via feedproxy.google.com
  STATE pension age for women has been rising for some time, with the government aiming to give men and women the same age to claim their state pension. However, many women were not aware of the changes and have been left facing a financial shortfall.
  
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• I need the security key to unlock my Three mobile contract

  12-09-2019 08:00 via theguardian.com
  I couldn’t answer a screening question correctly because it had the wrong informationI am caught in a catch-22. I had a mobile broadband contract with Three that I thought I had cancelled in 2016. However, it continued to take monthly direct debits. I only noticed recently so I tried to cancel again. Three refused to talk to me as I did not pass security screening (name, date of birth, postcode). I was so annoyed I cancelled the direct debit. Then a debt collection agency demanded payment.
  
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• Shop closures and self-checkouts cost tens of thousands of women's jobs

  12-09-2019 01:01 via theguardian.com
  75,000 retail posts held by women have gone as online shopping rises, study saysA surge in shop closures and the growth of automated retail are forcing tens of thousands of women out of work, according to a study of the economic pain caused by high street decline.With twice as much UK shopping now online than in 2011 and amid a wave of store closures, about 75,000 jobs as sales assistants or checkout operators previously taken by women have gone in the last seven years. Men lost 33,000 of the jo
  
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