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Evening Star News

‘We seem to be getting some momentum’ – Petition launched to stop Suffolk prison housing sex offenders (9 hours old)

A petition has been launched to prevent a Suffolk open prison from housing sex offenders amid uproar from the community.

Greater Anglia trains delayed after vehicle strikes bridge (10 hours old)

Train delays are expected this evening after a vehicle has crashed into a bridge on the Ipswich to London Liverpool Street line.

Phone calls to police non-emergency number now answered faster, says top officer (12 hours old)

A highly-criticised system for answering non-emergency phone calls to the police has been turned around thanks to the introduction of a new call handling system, Suffolk’s top police officer has said.

Man finishes record-breaking bid for Sealand glory – but another swimmer beats him to it (12 hours old)

In a race not unlike Scott’s to the South Pole, two men have battled to become the first to swim from the micronation of Sealand back to Suffolk’s shores.

Man pleads guilty to causing crash which killed his best friend (13 hours old)

A 26-year-old man from Ipswich has pleaded guilty to causing a crash which claimed the life of his best friend.

Excessive speed a factor in death of motorcyclist on A12, inquest hears (15 hours old)

A Suffolk coroner has urged motorcyclists to stick to the highway code after hearing that excessive speed could have contributed to the death of a 24-year-old man in a crash on the A12 last year.

‘Be careful’ - former Miss Universe takes Suffolk business studies lessons to heart as she launches new record label (16 hours old)

A former Suffolk business management student who shot to fame after winning the Miss Universe beauty pageant said she had learnt valuable lessons from her studies as she prepared to launched a new record label.

‘Great to be up and running’ - Suffolk pub serves up food days after fire destroyed kitchen (16 hours old)

Staff at an award-winning Suffolk pub have been praised for their quick work in restoring normal service just days after a serious fire destroyed its kitchen.

Teens ‘stabbed with Rambo style knife’ in Ipswich street, court hears (17 hours old)

Two teenagers were stabbed with a “Rambo” style knife in an Ipswich street by two attackers wearing balaclavas, it has been alleged.

Find out where you can save money in Suffolk (18 hours old)

From zoo trips, meals out and sports activities - check out the latest deals here.

UK homepage

UK seeks EU sanctions on Russia over Skripal attack (9 hours old)

Foreign secretary likely to face resistance from Brussels on call to follow US lead

Air pollution: why London struggles to breathe (4 hours old)

The UK capital was a pioneer in limiting cars, but it is now almost as dirty as New Delhi or Beijing

Microsoft says Russian hackers targeting US politics (4 hours old)

Tech company warns of more potential attacks ahead of November midterm elections

Venezuela lops five zeros off the bolívar (15 hours old)

Currency devalued by 95 per cent and redenominated in effort to curb hyperinflation

Fox raises exports target but declines funding (9 hours old)

Trade secretary aims for 35% of GDP despite protectionism and Brexit uncertainties

Owners of British Steel on hunt for acquisitions (4 hours old)

Greybull Capital looks for deals 2 years into turnround of group they bought for £1

Is public’s fear of NHS privatisation justified? (5 hours old)

Money spent on care provided by private sector actually fell 4.5% last year

Fed chief nagivates treacherous political and economic waters (4 hours old)

Jay Powell’s first Jackson Hole address comes as Trump adds to wider debate on rates

Journalists’ deaths reveal Russia’s African gambit (4 hours old)

Murder in the Central African Republic highlights Moscow’s latest geopolitical ambition

Trump’s Fed criticism knocks the US dollar (1 hour 53 minutes old)

Remarks seen as ‘serious headwind’ for the buck

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Economy | The Guardian

Dollar falls after Trump lashes out at Federal Reserve - business live (1 hour 18 minutes old)

US currency slips after comments from president, who also slams China and Europe as currency manipulators 8.32am BST Back with Trump and his comments on the Fed, Michael Hewson, chief market analyst at CMC Markets UK, said: Two months before he was elected President of the United States in September 2016, Donald Trump said Fed chair Janet Yellen should be “ashamed of herself” for keeping interest rates low and creating a “false stock market” saying that the central bank’s policies were hurting savers and pension plans.It therefore seems rather strange that he should now be criticising the curr[...]

House of Fraser's Oxford Street store saved from closure (1 hour 19 minutes old)

Mike Ashley’s Sports Direct strikes deal to keep store open despite collapse of chainHouse of Fraser’s flagship store on Oxford Street in central London has been saved from closure.The key site had been due to close under a company voluntary arrangement (CVA) announced by the troubled department store chain in June, before it went into administration. Continue reading...

Liam Fox's target for post-Brexit exports is wishful thinking | Larry Elliott (9 hours old)

The UK increasing overseas sales to 35% of GDP is a nice idea but too few British firms are onsideThe timing of the government’s latest export drive is far from accidental. With Theresa May intent on showing Brussels that Britain could not just survive but thrive in the event of a hard Brexit, Whitehall has come up with a plan for increasing the amount of goods and services sold overseas.This is by no means the first attempt to broaden the horizons of UK plc. Back in 2015, the aim was to double exports to £1tn a year by 2020. That always looked a stretch and the target was dropped by the inter[...]

Persimmon profits rise 13% despite housing market slowdown (1 hour 19 minutes old)

Housebuilder boosted by help-to-buy scheme and competitive mortgage dealsHousebuilder Persimmonhas reported that its profits rose by 13% in the first half of 2018, boosted by the government’s help-to-buy scheme and comptetitive mortgage deals.Pretax profits jumped to £516m from £457m in the six months to 30 June, and Persimmon said it expected further growth in the second half of the year, bucking the wider trend of a slowing UK housing market. Continue reading...

Investors betting against Tesla made $1.09bn since Elon Musk's tweet (1 hour 50 minutes old)

Musk tweeted on 7 August that he had ‘secured’ funding to take the company private, but so far no offer has been madeInvestors betting on a fall in Tesla’s share price have made $1.09bn since 7 August, when Tesla founder Elon Musk tweeted he had “secured” funding to take the troubled company private.The electric car company’s soared 11% to $379 after Musk’s so-called “Tesla tweet” that he had “funding secured” to buy out investors at $420 share. But that tweet – now the subject of legal action and a regulatory inquiry – so far has not led to an offer and Tesla’s stock has fallen 19% to $308 sh[...]

UK households face hidden debt of almost £19bn – Citizens Advice (9 hours old)

Missed bill payments and benefit repayments overtake credit cards as key money worryBritish households owe almost £19bn in utility bills, missed council tax payments and overpaid benefits, according to figures revealing a hidden debt mountain facing the country.Putting an estimate on the overall amount owed by people falling behind on essential bills for the first time, the estimate from Citizens Advice comes as UK households are under increasing financial pressure. The charity said missed bill payments had overtaken credit card troubles as the key money problem faced by consumers. Continue re[...]

Pepsi to buy SodaStream for $3.2bn in shift to health-conscious drinks (18 hours old)

Pepsi said the transaction, which is expected to close by January 2019, is another step in bid to promote wellnessPepsi will buy household drink-machine maker SodaStream for $3.2bn as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market. Founded in the UK in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavoured syrups to carbonated water, but it faded in popularity as soft drinks became cheaper. Continue reading...

EU says Greece can 'finally turn the page' as bailout ends (20 hours old)

‘The worst is over’ after eight very difficult years for the country, commissioner saysGreece has turned the page to become “a normal” member of the single currency, European Union authorities in Brussels declared as the country finally exited its eight-year bailout programme.Its three bailouts during the eurozone crisis totalled €288.7bn (£258bn) – the world’s biggest-ever financial rescue. During that time, as the crisis threatened to lead to the nation’s ejection from the single currency – “Grexit” – Greece has had four governments and endured one of the worst recessions in economic history[...]

14m bolivars for a chicken: Venezuela hyperinflation explained (18 hours old)

As South American country faces soaraway prices, what is hyperinflation and why is it bad for the economy? Venezuela is introducing economic reforms including new banknotes that lop five zeros off its fast-depreciating currency as the country battles hyperinflation.Banks will close on Monday as they prepare to release the new “sovereign bolívar” amid warnings from International Monetary Fund economists that Venezuela’s inflation rate could exceed 1,000,000% this year. Continue reading...

Countrywide scraps bosses' £20m pay plan after investor revolt (1 day old)

Estate agency group operates under brands including Hamptons and Bairstow EvesCountrywide has scrapped a pay plan that could have handed its top executives more than £20m after a shareholder revolt.Earlier this month the beleaguered estate agent group, which has nearly 10,700 staff and operates under about 50 brand names including Hamptons International and Bairstow Eves, was forced to ask investors for £140m in emergency funds to save it from collapsing under the weight of its debt. Continue reading...

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2018

Telecoms

BT investors call on next boss to consider break-up of business (16 hours old)

Shareholders push for spinning off broadband arm Openreach

BT Group: break chance (19 hours old)

Some couples stay together both by preference and necessity

Rural superfast broadband rollout generates £9bn, says report (1 day old)

Subsidy programme connects 5m UK homes and businesses

CK Hutchison takes stake in suburban fibre optic start-up (4 days old [16/08/18])

Nuron robot deploys cables in water and waste pipes that are harder to access

RCom sale talks mark end of an era for younger Ambani (5 days old [15/08/18])

Deal would seal formal exit by Indian tycoon from telecoms sector

O2 in deal with revolutionary LiFi company (5 days old [15/08/18])

Technology uses light as data transmitter and ‘paves way’ for 5G in the UK

Proposed Huawei ban seen hitting Australian 5G push (7 days old [13/08/18])

Block on Chinese company may raise costs, delay rollout and cause market ‘chaos’

Europe’s telecoms landscape warms to ‘maverick’ operators (8 days old [12/08/18])

Regulators are showing themselves increasingly open to allowing more competition

© Copyright The Financial Times Ltd 2018. "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

Microsoft says Russian hackers targeting US political groups (4 hours old)

Tech company warns of more potential attacks ahead of November midterm elections

Farfetch: clue is in the name (15 hours old)

Luxury retailers are meant to be costly, but online aggregator is running at a loss

JPMorgan cuts Tesla target over lack of buyout funding (15 hours old)

Analyst drops valuation to $195 a share on conclusion financing was not ‘secured’

Computer scientists struggle to build robots who get the joke (20 hours old)

Appreciating humour may be vital for future co-operation between humans and machines

Haldane warns AI threatens lengthy widespread unemployment (1 day old)

Bank of England economist says disruption will be more intense than industrial revolution

Apple culls apps in China after state media criticism (1 day old)

iPhone maker drops gambling apps amid accusations of failing to filter illegal material

How AI can spot exam cheats and raise standards (1 day old)

Technology is helping to fight fraud, improve marking systems and support teachers

Brussels to act against tech groups over terror content (1 day old)

Threat of fines after commission sees insufficient progress on voluntary action

Is this peak Musk? (3 days old [18/08/18])

Google’s searching questions, Facebook’s rule book, smartphone addiction cures

© Copyright The Financial Times Ltd 2018. "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

Trump accuses China of 'manipulating' its currency (2 hours old)

The US president's comments come amid an intensifying trade fight between the two economic giants.

House of Fraser's flagship London store saved (1 hour 8 minutes old)

The department store's new owners agree terms to keep the store on London's Oxford Street open.

Is it the end of the 9 to 5 working day? (9 hours old)

Just 6% of UK workers now work the traditional hours of 9am to 5pm, research suggests.

Tougher regulation of bailiffs urged as debt levels rise (9 hours old)

Citizens Advice says arrears on everyday bills total £18.9bn, but raises concerns on how this is pursued.

Workers in open-plan offices 'more active' (8 hours old)

They were also less stressed compared to people working in cubicles or private offices, a US study found.

UK can be '21st Century exporting superpower', says Liam Fox (2 hours old)

The international trade secretary outlines post-Brexit aspirations - but businesses ask for help.

House of Fraser warehouse jobs at risk, union says (14 hours old)

The GMB union says 627 staff at two sites run by XPO Logistics are at risk of redundancy.

John McDonnell calls Lehman Brothers reunion 'sickening' (16 hours old)

The collapse of the US investment bank in 2008 was a crucial moment in the financial crisis.

Tesla hit by doubts over Elon Musk's delisting plan (12 hours old)

Analysts at JPMorgan Chase slash target price for shares in the electric car maker from $308 to $195.

Energy switch firm in record Dragon deal (22 hours old)

The co-founders of Look After My Bills are "delighted" after selling a 3% stake for £120,000.

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UK equities

Stocks to watch: NMC, Evraz, RBS, Just Group, Kaz Minerals (20 hours old)

Competition is intensifying for Sage, says Deutsche Bank

Stocks to watch: Air France, IMCD, Atlantia, Kaz Minerals, Spirax (3 days old [17/08/18])

RBS can mop up half the government’s future share sales, says HSBC

Lifetime mortgages boom as interest rates slumber (4 days old [17/08/18])

Crystal balls in the oil market are looking cloudy

Global equity market shrinks as buybacks surge (4 days old [17/08/18])

Repurchases outstrip new issuance by most in more than two decades

Stocks to watch: Moneysupermarket, JC Penney, Informa, Hikma (4 days old [16/08/18])

Google may be an ally rather than an enemy for JCDecaux, says Berenberg

UK faces rising chance of disorderly Brexit, Fitch warns (4 days old [16/08/18])

Rating agency scales back expectations of transition deal, citing political divisions

The London Report: mining stocks hit two-year lows (5 days old [15/08/18])

Strong dollar impacts metals prices, which drags FTSE 100 to its lowest close since April

Stocks to watch: Tencent, BHP, Admiral, GSK, Hikma, Bayer, Valeo (5 days old [15/08/18])

Buy Wetherspoon and Mitchells & Butlers for a pub sector recovery, says HSBC

The London Report: Melrose FTSE 100’s biggest gainer (6 days old [14/08/18])

Goldman Sachs plays down concerns that its GKN acquisition has been struggling

Stocks to watch: Antofagasta, Polypipe, Card Factory, Elementis (6 days old [14/08/18])

London tourist reviews suggest Merlin is losing its magic, says UBS

© Copyright The Financial Times Ltd 2018. "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

Opinion today: Migration — Europe’s political crisis (3 hours old)

Leaders should muster the courage to present the case for well-run, legal routes

Opinion today: Platform companies must learn to share (1 day old)

Digital insurgents should take responsibility for the dramatic changes they have wreaked

Electric cars: the race to replace cobalt (1 day old)

Manufacturers want batteries that are not dependent on metals from unstable parts of the world

Why there are signs of a Saudi return to tradition (1 day old)

Recent confusing moves may be part of a realistic shift away from the grand vision

The business book bug that deserves to spread further (1 day old)

A US pest control company shows the benefit of learning and self-improvement

Kofi Annan, UN leader in difficult times, 1938-2018 (1 day old)

‘Secular monk’ stung by failures in Rwanda and Bosnia who never stopped working for peace

India risks reputation if millions are left stateless (1 day old)

Ugly BJP nationalism in Assam could leave 4m without any rights

In quarterly earnings reporting, guidance is the real tyranny (1 day old)

Companies should set long-term targets and be judged against them

Children and addicts need protection from online gambling (1 day old)

The DoJ should act to prevent America’s kids from visiting betting sites

Defuse trade tension by cutting car import tariffs to zero (1 day old)

Volvo Cars chief argues we are losing sight of the broader benefits of low barriers

© Copyright The Financial Times Ltd 2018. "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