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Thursday, June 14, 2018
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MPs threaten to publish internal Lloyds report into HBOS Reading fraud 14 Jun 2:43pm MPs threaten to publish internal Lloyds report into HBOS Reading fraud
Cross-party group to publish 2013 report by Lloyds employee unless bank agrees to publish it first A group of MPs have said they will publish a report into what Lloyds Banking Group knew about
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Rupert Murdoch will be enjoying the hunt for 21st Century Fox 14 Jun 1:51pm Updated Rupert Murdoch will be enjoying the hunt for 21st Century Fox
Wily old operator could push Disney to improve its terms or take Comcast’s pile of cash Rupert Murdoch has been lucky – or, more likely, skilful in his timing. He is now sitting on two juicy offers for the best bits of 21st Century Fox – the all-share $55bn (£41m) proposal from Disney, which was agreed six months ago, and now
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Stobart fires former boss Andrew Tinkler from its board 14 Jun 1:45pm Updated Stobart fires former boss Andrew Tinkler from its board
Firm claims he has ‘set about subverting and disrupting the company in his own interests’ The boardroom bust-up at Stobart has escalated after the infrastructure group fired the former chief executive and founder Andrew Tinkler and launched legal proceedings. The firm accused Tinkler, who was paid more than £5m last year in bonuses and long-term awards, of breaching his contract and fiduciary duty to shareholders, and trying to destabilise the company.
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ECB to end QE in December, but keep rates at record lows - as it happened 14 Jun 12:26pm ECB to end QE in December, but keep rates at record lows - as it happened
European Central Bank has voted to stop its huge bond-buying programme, but interest rates will remain at record lows for a long time
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ECB to end QE stimulus programme in December - business live 14 Jun 12:13pm Updated ECB to end QE stimulus programme in December - business live
European Central Bank has voted to stop its huge bond-buying programme, but interest rates will remain at record lows for a long time
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Fall in UK rail passenger numbers casts doubt on viability of franchises 14 Jun 9:09am Fall in UK rail passenger numbers casts doubt on viability of franchises
Season ticket sales drop 9.2% with customers hit by rising fares, strikes and overcrowding Rail passenger numbers in the UK fell last year to 1.7bn in the biggest decrease since privatisation in the 1990s, casting fresh doubt on the viability of struggling franchises. According to
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British consumers develop taste for east European wines 14 Jun 8:34am British consumers develop taste for east European wines
Majestic Wine says drinkers are turning to good-value wines from new markets to offset price rises British wine lovers are switching to Hungarian, Bulgarian, Slovenian and Portuguese tipples as they seek out cheaper alternatives to French and Italian wines. Rowan Gormley, chief executive of the off-licence chain
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ECB decision on interest rates and QE - business live 14 Jun 7:42am ECB decision on interest rates and QE - business live
All the day’s economic and financial news, including the ECB’s latest policy meeting and UK retail sales figures Latest:
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UK retail sales smash forecasts thanks to good weather and Royal Wedding - business live 14 Jun 7:23am Updated UK retail sales smash forecasts thanks to good weather and Royal Wedding - business live
All the day’s economic and financial news, including the ECB’s latest policy meeting and UK retail sales figures Latest:
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Simply Be and High & Mighty owner to close all 20 UK stores 14 Jun 6:16am Simply Be and High & Mighty owner to close all 20 UK stores
Nearly 300 jobs to go as N Brown becomes latest retailer to be hit by high street malaise The online fashion retailer N Brown plans to close all 20 of its high street stores in the UK, which trade under the names High & Mighty, Jacamo and Simply Be, with the loss of 270 jobs.
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EU raises renewable energy targets to 32% by 2030 14 Jun 5:31am EU raises renewable energy targets to 32% by 2030
UK called for 30% as green groups say increase does not go far enough The EU is raising its target for the amount of energy it consumes from renewable sources, in a deal lauded by the bloc’s climate chief as a hard-won victory for the switch to clean energy. Energy ministers agreed a binding renewable energy target of 32% by 2030, up from
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ECB to debate future of QE stimulus after Fed rate hike - business live 14 Jun 4:47am Updated ECB to debate future of QE stimulus after Fed rate hike - business live
All the day’s economic and financial news, including the ECB’s latest policy meeting and UK retail sales figures
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Rolls-Royce to cut 3,000 jobs in UK 14 Jun 4:22am Rolls-Royce to cut 3,000 jobs in UK
Aircraft engine maker announces restructuring, with 4,600 jobs to go worldwide Rolls-Royce has announced it is to cut 4,600 jobs as part of a major shakeup of its business, mainly affecting managerial and administrative roles in the UK. Warren East, the aircraft engine maker’s chief executive, said the UK would bear the brunt with around 3,000 of the job losses, and that he could not rule out compulsory redundancies.
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Rolls-Royce to cut 4,600 jobs mainly in Britain 14 Jun 2:31am Rolls-Royce to cut 4,600 jobs mainly in Britain
Aircraft engine maker announces restructuring, with 1,500 jobs to go by end of year Rolls-Royce has announced a major shakeup of its business, including 4,600 job losses, mainly in the UK. Approximately 1,500 of the jobs will be axed by the end of the year. The aircraft engine maker said the move would simplify the group into three customer-focused business units with smaller corporate and support functions and reduce management layers and complexity, including within engineering.
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I relocated to Canada but my money didn’t 14 Jun 2:00am I relocated to Canada but my money didn’t
I relocated to Canada
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Dishonest crust: consumers routinely conned by food labels 14 Jun 1:00am Dishonest crust: consumers routinely conned by food labels
Manufacturers too often make false claims and use deceptive pictures on labels, and regulation should be toughened up, says EU consumer champion Food manufacturers are deceiving the public by mislabelling their products as “artisanal” or homemade and implying they are full of healthy whole grains and fruit when they are not,
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