headline picture.

Business



All information from this site is pulled from various RSS feeds, if you have any suggestions for information please contact us.

Evening Star News

No items found

UK homepage

Russia claims full control of Luhansk region after seizing last city (6 hours old)

Apparent capture of Lysychansk and of entire province in Donbas would be significant military achievement for Putin

War costs Russia its influence with Ukraine’s Orthodox believers (14 hours old)

Church has split with Moscow’s pro-Putin patriarch as new national identity grows

‘It’s hard to leave’: Moscow’s fresh wave of missile attacks rekindle Kyivans’ fear (1 day old)

Bars provide respite from conflict amid barricades and sandbags in Ukraine capital

Why Mexico is missing its chance to profit from US-China decoupling (14 hours old)

A predicted economic boom from American companies relocating closer to home has not arrived. Many blame the president

Central banks should keep their cool on inflation (5 hours old)

Policymakers need to be sure challenges are really durable before sacrificing jobs and growth

Crypto evangelists keep the faith as prices fall (8 hours old)

True believers insist that blockchain technology can make the world a better place

UK mortgage holders face higher bills as their fixed-rate contracts expire (4 hours old)

One-third of households on fixed agreements could experience increased repayments within two years

Pressure mounts on Boris Johnson over Chris Pincher appointment (5 hours old)

Fresh claims have emerged about alleged inappropriate behaviour by former Tory deputy chief whip

Argentina crisis deepens as finance minister quits  (2 hours old)

Martín Guzmán’s exit points to deep government divisions as inflation rises and public finances deteriorate

Germany and Ireland accuse UK of not acting in ‘good faith’ over Northern Ireland (8 hours old)

EU nations say there is ‘no legal or political justification’ for legislation to scrap parts of the Brexit deal

© Copyright The Financial Times Ltd 2022. "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

Closing UK furlough scheme this autumn is a mistake, says NIESR (705 days old [28/07/20])

Thinktank says ending Covid-19 wage subsidy scheme from August could cost 1.2m jobsThe government closing its furlough scheme this autumn is a “mistake” that will drive up unemployment by 1.2 million by Christmas, one of the UK’s leading economics thinktanks has warned.Sounding the alarm over the mounting risk to jobs, the National Institute of Economic and Social Research (NIESR) said extending the wage subsidy scheme until the middle of next year would dramatically cut the number of redundancies across Britain and would probably pay for itself. Continue reading...

Boohoo vows to 'act decisively' on lawyers' review of UK supply chain (705 days old [28/07/20])

Retailer faced allegations that factories making its clothes in Leicester were paying workers below minimum wageThe online fashion retailer Boohoo has promised to “act decisively” on any recommendations made by lawyers investigating its UK supply chain, after it faced allegations that factories making its clothes in Leicester were paying workers below the minimum wage. So far, the company has not committed to publishing the full report.The independent review is being led by Alison Levitt QC, the former head of law firm Mishcon de Reya’s white-collar crime unit, and on Tuesday the company said [...]

Selfridges to cut 450 jobs as Covid-19 causes 'toughest year' (705 days old [28/07/20])

Redundancies at department store chain follow 700 job losses at Harrods this monthCoronavirus – latest updatesSee all our coronavirus coverageSelfridges is to cut 450 jobs across its department stores, in the latest blow to UK high street retailers hit hard by the coronavirus pandemic.The cuts represent 14% of its workforce and Anne Pitcher, group managing director, said it was the “toughest decision we have ever had to take”. Selfridges operates four department stores in the UK including its London flagship on Oxford Street, as well as a website. Continue reading...

Brexit will deliver double shock to UK economy, study finds (705 days old [28/07/20])

Exclusive: LSE report says even sectors unscathed from coronavirus crisis will be severely affectedA Brexit hit is looming for sectors that have emerged relatively unscathed from the Covid-19 pandemic, analysis by the London School of Economics suggests.The LSE report says Brexit will deliver a double shock to the economy – with business conditions worsening for those sectors that have survived the impact of coronavirus and lockdown measures – whether Boris Johnson secures a deal with the EU or not. Continue reading...

BA cabin crew warn of 'immediate' strike over plans to cut 12,000 jobs (705 days old [28/07/20])

Trade union accuses airline of setting out to fire and rehire thousands of workers on less favourable termsBritish Airways cabin crew have warned the airline to expect an “immediate” strike over plans to cut up to 12,000 jobs following the collapse in demand for air travel because of the coronavirus pandemic.Unite, the trade union which represents thousands of BA employees including cabin crew, engineers and maintenance staff, accused the airline of planning to “fire and rehire” thousands of its workers on reduced terms. Continue reading...

Billionaire bosses to feel the heat over tech giants' massive wealth and power (705 days old [28/07/20])

Extraordinary hearing will see some of the richest men in history called to account for their firms’ market dominanceSome of the richest men in history representing the most valuable companies ever created will be grilled by Congress on Wednesday , as US authorities get increasingly serious about whether tech giants Amazon, Apple, Facebook and Alphabet have become too powerful. Related: Clashes in Portland as Trump’s actions light fuse under protests in other cities Continue reading...

Hong Kong property tycoon pitches new city idea to Ireland (705 days old [28/07/20])

Ivan Ko hopes to find site between Dublin and Belfast to host 50,000 fellow HongkongersA Hong Kong property tycoon wants to build a city in Ireland to host 50,000 emigrants from the semi-autonomous city.Ivan Ko, founder of the Victoria Harbour Group (VHG), an international charter city investment company, hopes to find a 50 sq km site between Dublin and Belfast to create a new city, named Nextpolis, from scratch. Continue reading...

UK broadband users to save £270m after Ofcom price review (705 days old [28/07/20])

Regulator finds 40% of customers are out of contract and most are paying too muchMillions of customers are in line to share in savings of more than £270m a year on the cost of their broadband bills, after Ofcom reached agreement with companies on pricing changes and commitments to offer better deals when consumers’ contracts come to an end.A report released by the telecoms and media regulator found that about 40% of UK broadband customers, 8.7 million, are out of contract and most of them are paying higher prices than they could be if they struck a new deal or changed providers. On average, th[...]

BAME representation in UK's top jobs has barely risen in past three years (705 days old [28/07/20])

Colour of Power survey finds issue not addressed despite government-backed targetsThe proportion of black, Asian and minority ethnic people in some of the 1,100 most powerful jobs in the UK has barely moved over the past three years, according to a study that highlights the lack of non-white representation across key roles.Only 51 out of the 1,097 most powerful roles in the country are filled by non-white individuals, an increase of only 1.2%, or 15 people, since 2017, the Colour of Power survey by consultants Green Park and not-for-profit organisation Operation Black Vote said. Continue readi[...]

Coronavirus spurs sales surge for makers of Dettol (705 days old [28/07/20])

Reckitt Benckiser, which owns Vanish, Finish, and Harpic says it’s struggling to sate demand in parts of US and UKCoronavirus – latest updatesSee all our coronavirus coverageConsumer demand for cleaning products from Dettol to Lysol provided a pandemic sales surge for Reckitt Benckiser, although the company admitted it is still struggling to keep shelves stocked in “pockets” of the UK and US.The consumer goods group, which owns brands including Cillit Bang, Nurofen and Durex, beat market expectations with total revenues rising 11.9% to £6.9bn in the first half. Continue reading...

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

Telecoms

BT staff vote to strike for first time in 35 years (3 days old [30/06/22])

Telecoms group embroiled in dispute with union over flat-rate £1,500 pay rise

UK ‘altnets’ risk digging themselves into a hole (8 days old [24/06/22])

Overbuilding poses threat to business model of fibre broadband groups challenging the big incumbents

Broadband market inequalities test Westminster’s hopes of levelling up (14 days old [19/06/22])

Disparity in access to fast internet sets back rural and poorer areas, data analysis shows

BT executive says Brexit is slowing superfast broadband rollout (19 days old [14/06/22])

Openreach head hits out at ‘tortuous’ process of hiring skilled workers from the EU

Learning to love 5G, and beyond | FT Tech (27 days old [06/06/22])

Business uptake 5G has been slow, and the question of how to monetise its applications still looms large

Abramovich-owned UK telecoms group to be sold for £1 to tech entrepreneurs (29 days old [03/06/22])

Future of Truphone — valued at £410mn in 2020 — thrown into doubt after sanctions imposed on Russian billionaire

CityFibre secures £4.9bn debt raise to roll out broadband to 8mn UK homes (31 days old [02/06/22])

Financing will enable Goldman-backed ‘altnet’ to participate in government scheme to reach rural areas

BT and Ericsson to offer private 5G networks to companies in the UK  (33 days old [31/05/22])

Telecoms groups have invested heavily in new technology and say it can help industry become more efficient

Telecom Italia agrees to merger of fixed network assets with Open Fiber (34 days old [30/05/22])

Move paves way for single broadband champion in Italy

BT/Altice: Drahi stakebuilding is worthy of M&A watchdog’s scrutiny (38 days old [26/05/22])

Leveraged private investment vehicles do not look like natural owners of national telecoms infrastructure businesses

© Copyright The Financial Times Ltd 2022. "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

Special treatment for Tesla not in India’s ‘interest’, Ola says  (18 hours old)

Ride-hailing company that is expanding into electric vehicle production warns against offering incentives to US group

Google closes data loophole amid privacy fears over abortion ruling (1 day old)

Researchers welcome move to restrict developers’ ability to see which other apps are installed on people’s phones

Tech’s downturn and two half hitches (1 day old)

Apple insider trading, Amazon qualifies for Champions League, Hong Kong gets Soul

TikTok says it is working to ‘safeguard’ US data and national security (2 days old [01/07/22])

Popular ByteDance-owned app seeks to allay lawmakers’ concerns about China’s access to sensitive information

The world’s first fintech sitcom is just what you’d imagine (2 days old [01/07/22])

Tragedy equals comedy plus information technology

Amazon signs Champions League football streaming deal in UK (2 days old [01/07/22])

The US online retailer and video platform will split TV rights with BT Sport from 2024

Metaverse dating app popular with young people in China vies for HK listing (2 days old [01/07/22])

Tencent-backed social media app Soul uses avatars instead of pictures and connects people using algorithms

The invisible science of eyewear beats augmented reality (2 days old [01/07/22])

Leonardo Del Vecchio of EssilorLuxottica knew what people really wanted from their glasses

Former Apple lawyer pleads guilty over insider trading scheme (2 days old [30/06/22])

Senior director in legal department had been responsible for enforcing tech company’s insider trading rules

Call for entries: High-Growth Companies Asia-Pacific 2023 (2 days old [30/06/22])

Apply for a place in the fifth annual FT ranking, compiled with Statista

© Copyright The Financial Times Ltd 2022. "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

Worse to come for food price rises, warns industry (2 hours old)

Shop prices may not hit their peak until next year, says the the Food and Drink Federation.

Flight cancellation plan aims to ease summer chaos (23 hours old)

BA and Heathrow say the move will help minimise disruption for passengers during the peak season.

The supermarket rows you don't usually hear about (19 hours old)

The spat between Heinz and Tesco has shone a light on the challenges facing suppliers and retailers.

Rail strikes: No rush to call for more action, says union (2 days old [01/07/22])

The RMT's comments follow last week's industrial action which caused travel disruption across the UK.

Russia moves to take control of Sakhalin-2 oil and gas project (2 days old [01/07/22])

The Russian government moves to take over Sakhalin-2 in which Shell has a share of more than a quarter.

Argentina's economy minister makes sudden exit (17 hours old)

Martin Guzmán's departure leaves a big question mark over Argentina's future economic policy.

UK and New Zealand expand working holiday visas (2 days old [01/07/22])

The age limit for a visa to live and work in either country will go up to 35 under a new deal.

Cost of living: Families who care for relatives' children in crisis (2 days old [30/06/22])

Laura took in her two half-siblings six years ago, but says she is now struggling as prices soar.

Petrol station staff abused over high fuel prices (3 days old [29/06/22])

There is a "huge increase" of abuse by drivers angry at the price at the pump, forecourt operators say.

Heinz products off Tesco shelves after pricing dispute (4 days old [29/06/22])

The beans, sauce and soup-maker is pausing supply to the UK's largest supermarket in a price rise row.

Copyright: (C) British Broadcasting Corporation, see http://news.bbc.co.uk/2/hi/help/rss/4498287.stm for terms and conditions of reuse.

UK equities

US stocks struggle for direction as traders reassess rate rise outlook (5 days old [27/06/22])

Moves follow equity market bounce in previous week

Is it too early for investors to buy the dip?  (9 days old [24/06/22])

Bargain hunters are premature, but plenty of opportunities await patient investors

European shares rise after heavy weekly decline for global stocks (13 days old [20/06/22])

UK gilts under pressure as BoE policymaker says central bank should consider faster rate rises

How to spot strong company management (16 days old [17/06/22])

Good leadership makes a significant difference to how a group copes

US stocks sink after UK and Switzerland follow Fed in raising rates (16 days old [16/06/22])

S&P 500 ends session down 3.2%, taking the benchmark’s losses for the week to 6%

To investors seeking income — there’s still plenty of it about (23 days old [10/06/22])

Interest on cash deposits remains paltry, but some companies are throwing off dividends in the here and now

High Court approves Amigo Loans new business scheme (41 days old [23/05/22])

UK judge’s acceptance of plan moves guarantor lender closer to resuming business

Wall Street stocks dip, Treasuries gain as investors seek out safe assets (44 days old [19/05/22])

Investors assess risks to economic and corporate earnings outlook after ‘vicious’ pullback

US stocks suffer worst day since early months of pandemic (45 days old [18/05/22])

S&P 500 closes down 4% in biggest daily loss since June 2020 following weak results from retailers

Dollar strengthens as global growth and inflation fears mount (51 days old [12/05/22])

Investors sent to haven assets

© Copyright The Financial Times Ltd 2022. "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

America needs to get women back into work (4 hours old)

Female labour force participation is falling because families can’t get affordable, flexible childcare

Central banks should keep their cool on inflation (5 hours old)

Policymakers need to be sure challenges are really durable before sacrificing jobs and growth

Crypto evangelists keep the faith as prices fall (8 hours old)

True believers insist that blockchain technology can make the world a better place

UK needs to decide how it will share the economic pain (8 hours old)

Britain faces the most complex policy challenges of any rich country

Humanities degrees: ave atque vale (12 hours old)

More often than not, arts graduates get less bang for their buck than their more scientifically minded peers

Help truly wanted, even if you’ve been in jail (14 hours old)

Amid crippling worker shortages, some employers are loosening job requirements

An independence referendum should be the last thing on Sturgeon’s mind  (1 day old)

Instead of tackling the cost of living crisis, Scotland’s first minister is sowing national division

Smoking: Europeans need more than a ban on flavoured products to go tobacco-free (1 day old)

While smoking is less popular on both sides of the Atlantic, Europe’s habit is proving harder to crack

The first-class cellar under King’s College (1 day old)

The Cambridge don with a sideline in record-breaking wine

Warning: Britain’s new bill of rights is a cynical power grab (1 day old)

The proposals will endanger judicial independence and maroon society in a romance with the past

© Copyright The Financial Times Ltd 2022. "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