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Evening Star News

People suffer smoke inhalation in town flat fire (3 minutes old)

Two people had to be treated for smoke inhalation after a fire in a flat in Ipswich.

Tolly Cobbold fire spread over six floors having a ‘significant impact’ (23 minutes old)

Fire crews have finally left the scene of a fire at the former Tolly Cobbold brewery in Ipswich.

Volunteers transform waste ground into new community orchard for village (2 hours old)

Villagers are looking forward to picking delicious fruit in future, as a new community orchard is being planted.

Cambridge line cleared after broken down train rescued (2 hours old)

Train services between Ipswich, Cambridge and Peterborough were heavily disrupted this morning due to a engine problems on an early morning service which was blocking the line.

Review: Chainers create entertaining and thoughtful play about Suffolk witch trials (2 hours old)

Review: The World Turned Upside Down, by Joanna Carrick, Red Rose Chain: Chainers Youth Theatre, until February 29

90s boy bands 5ive, 911, A1 and Damage reunite to perform in Ipswich (2 hours old)

It promises to be A Night to Remember...as four 90s boy bands reunite on an Ipswich stage to bring back memories of yesteryear.

Three vehicle crash on A12 causing delays (3 hours old)

Police have been called to a three car collision on the A12 on the border of Suffolk and Essex.

Locums paid up to £700 a day to cover GP shifts in Suffolk (4 hours old)

Surgeries are paying locum GPs up to £700 a day to cover shortages, it has emerged.

Fire crews remain to tackle hot spots at Tolly Cobbold brewery (6 hours old)

Firefighters are maintaining a watching brief at the scene of the former Tolly Cobbold brewery in Ipswich this morning following a major blaze.

Man arrested following fire at Tolly Cobbold Brewery (6 hours old)

A man has been arrested following a major blaze in Ipswich on Sunday night.

UK homepage

Global stocks tumble after Italy’s coronavirus lockdown (29 minutes old)

Investors shift away from riskier assets on signs outbreak is gathering pace outside China

BlackRock’s black box: the tech hub of modern finance (9 hours old)

Used by rival fund managers, the reach of the Aladdin platform raises possible conflicts of interest

UK lays down red line for Brexit trade talks (2 hours old)

Johnson vows to walk away from deal rather than accept limits on ability to diverge

Priti Patel denies Home Office infighting claims (6 hours old)

Statement rejects reports that intelligence agencies are withholding information

Coronavirus deals fresh blow to Italy’s struggling economy (2 hours old)

Exports and tourism have helped sustain growth but virus could hurt both sectors

Sanjeev Gupta draws scrutiny over Wyelands Bank loans (10 hours old)

Links between UK lender and funding of owner’s empire come under spotlight 

Treat workers like robots and they might behave like them (1 hour 3 minutes old)

Rigid targets and blind obedience look like efficiency but should haunt every manager

Tips from the Top: Jancis Robinson’s best wine addresses in London (9 hours old)

The FT’s wine columnist reveals her favourite clubs, cellars and bars in the capital

Barclays set to kick off hunt for next chief executive (9 hours old)

Bank preparing to appoint headhunters as it plans for life after Jes Staley

© Copyright The Financial Times Ltd 2020. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Business | The Guardian

Stock markets slump as coronavirus spreads in Europe – business live (22 minutes old)

Rolling coverage of business, economics and markets amid investor concerns over extent of outbreak beyond ChinaFTSE 100 loses 3.3% by mid-morningItalian stocks fall by 4.3% as country suffers outbreakGold hits seven-year high and bonds gain as investors seek havensEasyjet, Tui and British Airways owner among the biggest losers 2.03pm GMT There has been a sixth death from the coronavirus in northern Italy, according to the state broadcaster RAI. 1.38pm GMT Economists at ING have looked at the impact of the virus outbreak on economies in Asia, in a note entitled: “Holidays in hell: slumping tou[...]

Primark owner says coronavirus threatens clothing supplies (4 hours old)

Shares in ABF’s clothing rivals Next and Marks & Spencer fall amid concerns over virusCoronavirus - live updatesPrimark’s owner, Associated British Foods, has warned there is a risk of shortages of some clothing lines later this year if delays in factory production in China are prolonged because of the coronavirus.The virus has killed more than 2,400 and infected more than 77,000 people in China, and slowed growth in the world’s second largest economy. Continue reading...

France warns UK it will not be blackmailed into a risky EU trade deal (2 hours old)

EU affairs minister says France will not sacrifice its economic future for swift post-Brexit dealLatest political news – live updates Boris Johnson has been warned that the French government will not be blackmailed into a trade deal that risks its long-term economic interests, as the EU prepared to further harden its negotiating position.The prime minister’s decision to rule out an extension of the transition period after 31 December 2020 has put pressure on both parties to work swiftly on a deal or face huge extra costs on trade when the UK leaves the single market and customs union. Continue[...]

UK public spending to top £1tn a year, thinktank forecasts (14 hours old)

Resolution Foundation says government borrowing will rise to 40% of GDP, eclipsing the Tony Blair years Boris Johnson is planning to ramp up government borrowing to spend more than £1tn a year, increasing the size of the British state to make it bigger than at any point under the 10-year premiership of Labour’s Tony Blair.Analysis from The Resolution Foundation predicts government spending will rise above the £1tn mark for the first time in history by 2023-24. The report, published on Monday, comes as the chancellor, Rishi Sunak, prepares to deliver what is widely expected to be one of the mos[...]

Estate agents Countrywide and LSL in talks over £470m merger (6 hours old)

Tie-up between owners of Hamptons International and Your Move could result in job lossesTwo of Britain’s biggest estate agency groups are in talks over a possible £470m merger that would bring together well-known brands such as Hamptons International and Your Move.A combination of Countrywide and LSL would create a company with about 14,000 employees and 1,000 estate agent branches. News of the talks, which are in early stages but thought to be serious, sparked fears that the tie-up would lead to scores of branch closures and job losses. Continue reading...

Philip Morris drew up plan for £1bn tobacco transition fund (7 hours old)

Exclusive: firm accused of hypocrisy after talking to anti-tobacco MP about helping smokers switch productsPhilip Morris International (PMI), one of the world’s biggest tobacco companies, drew up plans for a £1bn tobacco transition fund in the UK to be spent by local authorities and Public Health England on persuading smokers to give up cigarettes in favour of alternatives such as its “heat not burn” smokeless tobacco product, IQOS, leaked documents reveal.The documents, obtained by the Guardian and Channel 4’s Dispatches programme, show PMI had discussions with a leading anti-tobacco MP about[...]

Tesco launches range of plasters to match different skin tones (14 hours old)

Supermarket’s own-brand product available in light, medium and dark shadesThe UK’s largest retailer Tesco is introducing a range of plasters to match different skin colours and better reflect racial and ethnic diversity.In a supermarket first, its new own-brand fabric plasters, available in light, medium and dark shades, go on sale in all 741 Tesco stores nationwide and online from Monday. Continue reading...

Bank of England under pressure over board member's oil links (1 day old)

Campaigners seek to embarrass Bank over role of Tullow Oil executive Dorothy Thompson Environmental groups have called into question the Bank of England’s commitment to tackling the climate emergency while it retains one of Britain’s most senior oil company executives on its governing board.Greenpeace joined with Friends of the Earth and the campaign group Oil Change International (OCI) to condemn the role played on the Bank’s board of directors by Dorothy Thompson, the executive chair of Britain’s largest independent oil company, Tullow Oil. Continue reading...

Believe the hype – budget 2020 is very important (1 day old)

Chancellor Rishi Sunak needs to satisfy competing audiences, but there is a way he can do itEvery budget is billed in advance as the most crucial in recent times, but then most are instantly forgotten. The one Rishi Sunak will deliver in just over two weeks’ time may be one of the few that justifies the hype.The reason so much is resting on the shoulders of the tyro chancellor is that the budget needs to satisfy a number of different audiences: the voters in the Midlands and the north of England who gave Boris Johnson his 80-seat majority; traditional Conservative voters; the financial markets[...]

The world is at least $10tn in debt, so why can we still borrow so easily? (1 day old)

The OECD is alarmed at how much states and firms owe. UK chancellor Rishi Sunak would be wise not to be reckless in the budgetIn 2010, in the wake of the global banking crisis, 34 of the world’s richest nations – those that belong to the Organisation for Economic Cooperation & Development (OECD) – ramped up their borrowing to $10.9 trillion. In 2019, the OECD revealed last week, those same governments took their borrowing to a fresh high of $11.4tn.The Paris-based thinktank says the new figure is a cause for worry, especially when those same governments have only managed to grow their national[...]

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2020

Telecoms

T-Mobile and Sprint strikes new deal terms (3 days old [21/02/20])

SoftBank accepts weaker position after shift in fortunes since original 2018 approach

Telefónica reports fourth quarter loss amid Latin American overhaul (4 days old [20/02/20])

Additional costs in Mexico and Argentina underline challenges of reorganisation

Can Vodafone survive in India? (5 days old [19/02/20])

Alarm bells ring after tax ruling that could lead to big debt defaults and job losses

Tepper joins throng of hedge fund managers in Intelsat (5 days old [18/02/20])

Veteran trader urges the satellite operator to fight US regulator’s 5G spectrum plan

New York opts against T-Mobile-Sprint merger appeal (7 days old [16/02/20])

State is one of more than a dozen that tried to stop $59bn deal

Ultrafast broadband answers Salisbury’s prayers (9 days old [14/02/20])

Cathedral city has proved a learning curve for Openreach’s engineers

5G is not the only fruit (9 days old [14/02/20])

Google may pay for news, William Gibson on the web, Iris’s ‘live’ music app

Nancy Pelosi warns Europe over Huawei 5G dangers (9 days old [14/02/20])

Top Democrat’s ‘autocracy’ jibe highlights bipartisan US hawkishness over China role

Vodafone’s India venture on brink of collapse after court ruling (10 days old [14/02/20])

Decision means telecoms company must pay billions of dollars in fees by next month

US accuses Huawei of stealing tech from six companies (10 days old [14/02/20])

Justice department files fresh charges against Chinese telecoms equipment group

© Copyright The Financial Times Ltd 2020. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Technology sector

Venture funds race for capital despite valuation fears (10 hours old)

VCs seek larger sums and aim to secure funding early in the year

US tech tycoons direct personal wealth to new frontiers (10 hours old)

Silicon Valley founders stand out with their appetite for risk

Alphabet faces investor backlash over human rights policies (11 hours old)

Shareholders’ resolution follows stand-off with tech giant over risk controls

Tesla electronics ‘years ahead’ of Toyota and VW (15 hours old)

Self-driving AI sends shivers through traditional supply chains

JPMorgan lines up ex-regulator to lead UK digital bank (19 hours old)

Clive Adamson was previously senior official at Financial Conduct Authority

Coronavirus is speeding up decoupling (1 day old)

Beijing’s opacity in handling the epidemic highlights the risks of doing business in China

Atlassian: Putting Australia’s tech scene on the map (1 day old)

How two college friends turned a start-up into the country’s biggest software company

World wide web founder scales up efforts to reshape internet (2 days old [22/02/20])

Sir Tim Berners-Lee’s start-up Inrupt to expand operational team and launch pilot projects

Streaming’s house of brands (2 days old [21/02/20])

Facebook to pay users for data, Pearson’s textbook failure, Microsoft’s ElectionGuard

Coronavirus/gaming: distractions, transactions (2 days old [21/02/20])

Investors bet that higher sales from games and content will offset weaker ad sales

© Copyright The Financial Times Ltd 2020. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Stock markets tumble amid coronavirus fears (1 hour 31 minutes old)

Shares see big falls on worries about the impact of the outbreak, while gold hits a seven-year high.

Tesco to sell plasters in racially diverse skin tones (1 hour 51 minutes old)

The supermarket chain says it wants to give a better reflection of ethnic diversity.

Estate agent giants Countrywide and LSL in merger talks (4 hours old)

Countrywide and LSL confirm reports that they are in talks about a possible tie-up.

Housing shortage: Scale of UK's housing gap revealed (15 hours old)

Renters speak of struggling to get on the property ladder, amid a shortage of over one million homes.

Coronavirus credit crunch hits millions of Chinese firms (10 hours old)

Prolonged shutdowns for businesses in China are bringing many firms to the brink of collapse.

Public redundancy bill hits seven-year high (14 hours old)

Taxpayers are facing a £346m bill after a spate of high-profile business failures on the High Street.

Sun's owner reports £68m loss as paper sales fall (17 hours old)

News Group Newspapers still paying out millions over phone-hacking scandal.

'Female cocoa farmers paid as little as 23p a day' (14 hours old)

Campaigning group, Fairtrade, is calling on the government to back a new global equality initiative.

James Packer's Crown Resorts casino firm faces probe (4 hours old)

Crown Resorts is facing an inquiry into alleged links to organised crime and money laundering.

Brexit: Emmanuel Macron 'not sure' of UK-EU trade deal by end of year (1 day old)

The French president's doubts come as the UK government is set to publish its demands.

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UK equities

Yield-crazed investors should be wary of Hipgnosis (3 days old [21/02/20])

Music royalties specialist has done well in a strong market for alt investment trusts

Where the fund manager consolidation narrative goes wrong (9 days old [14/02/20])

Optimism, not pessimism, could spark future takeover offers for UK investment houses

The smart money has already been made on NMC Health (16 days old [07/02/20])

The holes in the investment case were there, but not many were looking

London market passes first post-Brexit test with £1.3bn listing (17 days old [07/02/20])

Smart meter group’s IPO boosts hopes of fundraising uptick after lacklustre 2019

Plumbing group Ferguson considers stateside listing (19 days old [04/02/20])

Loss would be a blow to London market and unpalatable to some UK-based fund managers

Avast’s rotten week is a lesson in crisis management (23 days old [01/02/20])

Shares in security software maker dropped sharply after revelations of data harvesting

Decarbonisation to drive ‘dramatic’ rise in cement prices, says Redburn (27 days old [27/01/20])

Production costs to rise by 61% when industry invests in carbon capture

Hedge funds calculate cliff-edge Brexit fears overdone (28 days old [27/01/20])

Lansdowne, Odey and Wadhwani among those betting on a revival of UK equities

Trainline’s investment case is at risk of hitting the buffers (31 days old [24/01/20])

Tickets website has to navigate an overhaul of UK rail’s supporting infrastructure

Global stocks turn lower on China virus fears (33 days old [21/01/20])

Outbreak ripples across US, European and Asian equity markets

© Copyright The Financial Times Ltd 2020. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Opinion

UK should diverge on domestic financial services (1 minute old)

It is time to revisit inherited EU rules to help the sector adapt to new technology

Malaysia stocks/Mahathir: laksa leader (33 minutes old)

Country’s malaise underscores the risks in emerging markets: stable governments can unravel quickly, taking share prices with them

Treat workers like robots and they might behave like them (1 hour 3 minutes old)

Rigid targets and blind obedience look like efficiency but should haunt every manager

Coronavirus/drugmakers: nil pill (1 hour 52 minutes old)

A shortage of drug ingredients from China could last for months

Mid-market M&A: let’s get small, y’all (2 hours old)

Smaller deals generate smaller fees. But they are plentiful, simpler to execute and faster to close

The US needs a coherent policy on Africa (2 hours old)

Washington can do better than China bashing and travel bans

Barclays/Jes Staley: Europe’s last investment banker (2 hours old)

CEO’s trademark errors seem to be ill-judged loyalty and insensitivity to criticism

Mexico's business leaders cough up at a charity dinner (4 hours old)

Guests were served a form with a suggested donation to the National Lottery

The daunting task of decarbonising investment portfolios (9 hours old)

Slow progress on carbon pricing keeps investors in the dark

Asset managers seek refuge in each other’s arms (9 hours old)

Increasing scale in a tighter sector is tempting, but few past deals stand out as clear success stories

© Copyright The Financial Times Ltd 2020. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Ipswich