Back Business Thursday, June 13, 2019
Search Sections 13 Jun
Close
Advertisement
13 Jun 11:01pm Updated In Gulf of Oman, Tankers Are Struck Again, Raising Fears of Wider Conflict
Explosions disabled both tankers and forced their crews to evacuate. Secretary of State Mike Pompeo said without presenting evidence that Iran was responsible.
 Like Reply
Currencies in USD
GBP 1,31 +0,076%
EUR 1,11 0,000%
CHF 1,01 -0,099%
Chinese Cyberattack Hits Telegram, App Used by Hong Kong Protesters 13 Jun 10:48pm Updated Chinese Cyberattack Hits Telegram, App Used by Hong Kong Protesters
An attack against the messaging app Telegram and the arrest of a user show how the Hong Kong clash is unfolding digitally, with growing sophistication on both sides.
 Like Reply
How Tanker Attacks on a Skinny Waterway Could Affect Oil Prices 13 Jun 8:00pm Updated How Tanker Attacks on a Skinny Waterway Could Affect Oil Prices
The Strait of Hormuz, the gateway for a third of all crude oil by tanker, has become a security risk that could threaten the oil market.
 Like Reply
UK businesses urged to step up preparations for no-deal Brexit 13 Jun 7:01pm UK businesses urged to step up preparations for no-deal Brexit
The Institute of Directors says its members have failed to take advantage of seven-month delay Britain’s businesses are being urged to step up their preparations for a no-deal Brexit amid signs that Theresa May’s successor could be prepared to leave the EU without a deal at the end of October. The Institute of Directors – one of the UK’s employers’ groups – said its members had so far failed to take advantage of the seven-month delay to Brexit and warned that companies should not put faith in politicians to produce an agreement.
 Like Reply
Anita Hill at the New Rules Summit: Leaders Have to Step Up 13 Jun 6:54pm Updated Anita Hill at the New Rules Summit: Leaders Have to Step Up
Dozens of leaders are gathered at the New Rules Summit, an annual New York Times conference, to explore the challenges women face in the workplace.
 Like Reply
In Gulf of Oman, Takers Are Struck Again, Raising Fears of Wider Conflict 13 Jun 5:40pm In Gulf of Oman, Takers Are Struck Again, Raising Fears of Wider Conflict
Explosions disabled both tankers and forced their crews to evacuate. Secretary of State Mike Pompeo said without presenting evidence that Iran was responsible.
 Like Reply
Uphill task for Green to revive his retail empire despite eleventh-hour rescue deal, analysts warn 13 Jun 5:07pm Updated Uphill task for Green to revive his retail empire despite eleventh-hour rescue deal, analysts warn
Sir Philip Green suggested his Arcadia business had fallen three or four years behind competitors and must now adapt to new trends - but analysts said he has his work cut out.
 Like Reply
Woodford contagion spreads to third fund: Hargreaves pulls £45m out of Income Focus 13 Jun 5:06pm Updated Woodford contagion spreads to third fund: Hargreaves pulls £45m out of Income Focus
When Income Focus launched in 2017 it raised £553m from investors, ploughing 21 per cent of this money into some of the stock market's biggest companies.
 Like Reply
Luxury items outperform shares for the fourth year in a row with 145% growth 13 Jun 5:06pm Updated Luxury items outperform shares for the fourth year in a row with 145% growth
Rare whisky topped the charts growing an extraordinary 560 per cent in ten years, and 35 per cent in the last year, according to figures produced by Knight Frank.
 Like Reply
Whitewash over the firms wrecked by RBS: Regulator is powerless to punish bank 13 Jun 5:02pm Updated Whitewash over the firms wrecked by RBS: Regulator is powerless to punish bank
Stephen Hester was chief exec from 2008 to 2013 and ultimately responsible for everything that happened at RBS. He is now chief executive of insurer RSA, where he earned £4.1m last year.
 Like Reply
Tanker Attacks Are Threatening the World’s Most Important Oil Route 13 Jun 4:22pm Updated Tanker Attacks Are Threatening the World’s Most Important Oil Route
How the Strait of Hormuz, the skinny waterway for a third of all crude oil, has become a security risk that could affect oil prices.
 Like Reply
We do not know who is to blame for GRG debacle or if FCA could stop a repeat | Nils Pratley 13 Jun 3:10pm We do not know who is to blame for GRG debacle or if FCA could stop a repeat | Nils Pratley
No one has been brought to account over scandal at Royal Bank of Scotland’s turnaround unit The suspense is over. A full six years after Royal Bank of Scotland was accused of gouging thousands of distressed small-business customers, we can finally read the Financial Conduct Authority’s definitive
 Like Reply
Arcadia to cut head office jobs after staving off collapse with rescue plan 13 Jun 2:48pm Arcadia to cut head office jobs after staving off collapse with rescue plan
Retail group to lose 170 office staff on top of 1,000 shopfloor jobs already set to go
 Like Reply
Tracking Your Sleep? Beware Orthosomnia and Other Risks 13 Jun 2:44pm Updated Tracking Your Sleep? Beware Orthosomnia and Other Risks
Popular sleep-tracking apps and devices can flood you with data about your night. But doctors warn there is no such thing as “perfect” sleep.
 Like Reply
Neil Woodford dealt further investment fund blow 13 Jun 2:30pm Neil Woodford dealt further investment fund blow
Hargreaves Lansdown pulls £45m from remaining open fund Embattled stock picker
 Like Reply
Top Wall Street Executive, Accused of Sexual Harassment, Departs TCW 13 Jun 2:26pm Updated Top Wall Street Executive, Accused of Sexual Harassment, Departs TCW
Jess Ravich, one of the highest-ranking executives to be accused of sexual misconduct in the #MeToo era, left TCW, the giant bond-investment firm.
 Like Reply
How NYC Taxi Drivers Bought Medallions and Became Victims of a Reckless Lending Scheme 13 Jun 2:11pm Updated How NYC Taxi Drivers Bought Medallions and Became Victims of a Reckless Lending Scheme
A new TV show from The New York Times on FX and Hulu
 Like Reply
Majestic Wine shares plunge after company suspends dividend 13 Jun 2:02pm Majestic Wine shares plunge after company suspends dividend
Sale of 200-store chain could slip into 2020, although talks are at ‘advanced stage’ Shares in
 Like Reply
Ex-Stobart boss Tinkler renews fight with board 13 Jun 1:10pm Ex-Stobart boss Tinkler renews fight with board
The former boss of Stobart, the mini-conglomerate, has renewed hostilities with its board just two days after losing a court appeal over his dismissal.
 Like Reply
Police boats move in on Greenpeace North Sea oil rig protest 13 Jun 1:01pm Police boats move in on Greenpeace North Sea oil rig protest
Third climate activist charged with disorderly conduct as occupation enters fifth day Another Greenpeace activist who boarded a North Sea oil rig off Inverness has appeared in court charged with disorderly conduct, following appearances by
 Like Reply
Dark Web Drug Sellers Dodge Police Crackdowns 13 Jun 12:54pm Updated Dark Web Drug Sellers Dodge Police Crackdowns
The notorious Silk Road site was shut down in 2013. Others have followed. But the online trafficking of illegal narcotics hasn’t abated.
 Like Reply
Oil tanker attacks will inflame conflict between the US, its allies and Iran 13 Jun 12:34pm Oil tanker attacks will inflame conflict between the US, its allies and Iran
The explosions, on a vital passageway for the world’s oil supply, may prove Trump’s policy of coercion has backfired The explosions were bigger and the damage more extensive. But the message and its means of delivery have some similarities. Thursday’s attacks on two oil tankers in the Gulf of Oman caused jitters in global markets and unease across a region that has been bracing for conflict throughout much of the year. As with the
 Like Reply
FTSE CLOSE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons 13 Jun 12:13pm FTSE CLOSE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons
The price of a barrel of oil has jumped to $61 on news of explosions hitting two oil tankers off the coast of Iran as traders fear an escalation of tensions in the region.
 Like Reply
UK to be left with just five coal power stations after latest closure 13 Jun 12:11pm UK to be left with just five coal power stations after latest closure
It comes as National Grid announces greenest winter for energy use after mild and windy weather The UK’s race to increase renewable energy sources intensified as plans to close another coal-fired power plant were announced. It comes as last winter was revealed to be the greenest ever for the UK’s energy system, after strong winds produced more renewable electricity and coal-fired power dwindled. The energy firm SSE said Fiddlers Ferry, in Warrington, Cheshire, its last remaining coal-fired power plant, would close in March 2020, reducing the country’s coal-fired energy fleet to five stations.
 Like Reply
Gulf of Oman tanker blasts: Crews rescued safely 13 Jun 12:11pm Updated Gulf of Oman tanker blasts: Crews rescued safely
The blasts on two ships come a month after four tankers were attacked with mines off the UAE.
 Like Reply
Women and Power: Live Updates From the New Rules Summit 13 Jun 11:47am Updated Women and Power: Live Updates From the New Rules Summit
Dozens of leaders are gathered at the New Rules Summit, an annual New York Times conference, to explore the challenges women face in the workplace.
 Like Reply
FTSE LIVE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons 13 Jun 11:44am Updated FTSE LIVE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons
The price of a barrel of oil has jumped to $61 on news of explosions hitting two oil tankers off the coast of Iran as traders fear an escalation of tensions in the region.
 Like Reply
Majestic Wine shares sour as booze seller swings to a loss 13 Jun 11:16am Updated Majestic Wine shares sour as booze seller swings to a loss
Majestic racked up losses of £8.5million in the last 12 months, compared with profits of more than £8million a year ago. This soured investor sentiment and sent shares down by 8 per cent.
 Like Reply
Marks & Spencer shares in the red as shareholders fail to fully back £600m Ocado deal cash-call 13 Jun 11:14am Updated Marks & Spencer shares in the red as shareholders fail to fully back £600m Ocado deal cash-call
Just over 85 per cent of the retailer's investors opted to take up a slice of its £600million rights issue, which was launched to fund its joint venture deal with online-based Ocado
 Like Reply
Vodafone glitch reported across large parts of Europe 13 Jun 10:55am Vodafone glitch reported across large parts of Europe
Vodafone customers across large parts of Europe are reporting being unable to use their mobile internet and broadband services.
 Like Reply
What impact could oil tanker attacks have on global economy? 13 Jun 10:15am What impact could oil tanker attacks have on global economy?
Strait of Hormuz incidents underline threat hanging over busy shipping lane
 Like Reply
Mild but windy winter was greenest ever for UK energy use 13 Jun 9:20am Mild but windy winter was greenest ever for UK energy use
Warmer weather cut heating demand while gusts boosted renewables, says National Grid Last winter was the greenest ever for the UK’s energy system after strong winds produced more renewable electricity and coal-fired power dwindled. The news came as SSE announced on Thursday that it will close its Fiddler’s Ferry coal-fired power station next year, which will leave the UK with five coal plants by 2020. SSE said the plant, which employs 158 people, was financially unsustainable.
 Like Reply
Evening Standard and Independent could face inquiry over Saudi funds 13 Jun 9:09am Evening Standard and Independent could face inquiry over Saudi funds
Culture secretary will decide this month whether regulators should look into deal The Evening Standard and the Independent could face a government investigation into whether they can accurately present news and guarantee freedom of expression after a mysterious Saudi investor bought substantial stakes. The culture secretary, Jeremy Wright, said he had was minded to order regulators to look into the sale of 30% holdings in the two news outlets by their Russian owner, Evgeny Lebedev, on public interest grounds. A final decision will be made by the end of the month.
 Like Reply
How do self-employed millennials start saving for retirement? 13 Jun 8:58am Updated How do self-employed millennials start saving for retirement?
Two in three self-employed workers between the ages of 23 and 38 have no pension savings whatsoever, a report has claimed.
 Like Reply
RICS: South East suffers biggest house price drops but London picks up 13 Jun 8:42am Updated RICS: South East suffers biggest house price drops but London picks up
The South East suffered the worst slowdown in property prices in the last three months as London's chill rippled out into the commuter belt, new findings show.
 Like Reply
Amazon and Morrisons expand same-day grocery delivery service 13 Jun 8:21am Amazon and Morrisons expand same-day grocery delivery service
Move ratchets up pressure on rival supermarkets as online giant ventures deeper into UK grocery sector
 Like Reply
Tankers Attacked Again in Gulf of Oman, Raising Fears of Wider Conflict 13 Jun 8:14am Updated Tankers Attacked Again in Gulf of Oman, Raising Fears of Wider Conflict
Two tankers have been hit, forcing their crews to abandon ship, near where four tankers were damaged last month. It was not clear who carried out the attacks.
 Like Reply
DealBook Briefing: Trump Finds an Unlikely Ally on Interest Rates 13 Jun 7:38am Updated DealBook Briefing: Trump Finds an Unlikely Ally on Interest Rates
President Trump wants the Fed to juice the American economy with a cut. A left-leaning economic advocacy group agrees — but for different reasons.
 Like Reply
Solero ice lollies lose wrappers in bid to cut single-use plastic 13 Jun 7:01am Solero ice lollies lose wrappers in bid to cut single-use plastic
Solero ice lollies are to be sold without wrappers in a trial by consumer goods giant Unilever to help householders cut down on single-use plastic.
 Like Reply
Free Your Mind (From Self-Doubt) 13 Jun 6:54am Updated Free Your Mind (From Self-Doubt)
The workplace still isn’t equal. Learn to dodge the land mines, fight bias and avoid burnout.
 Like Reply
Aston Martin faces City revolt over Palmer’s pay 13 Jun 5:15am Aston Martin faces City revolt over Palmer’s pay
The owner of Aston Martin is facing the embarrassment prospect of a revolt over boardroom pay within months of its £4.3bn flotation amid growing City unrest over the luxury car-maker's performance.
 Like Reply
Adani mine: Australia approves controversial coal project 13 Jun 4:33am Updated Adani mine: Australia approves controversial coal project
The huge project in Queensland has been subject to years of environmental hold-ups and protests.
 Like Reply
Lidl in the middle: chain to open first store in central London 13 Jun 4:26am Lidl in the middle: chain to open first store in central London
German discount chain to invest £500m in UK capital and create 1,500 new jobs Lidl is to launch its first store in central London as it opens 40 new shops across the capital in the next five years. The German discount chain said it would invest more than £500m in London and create 1,500 jobs at the new stores, at locations including Alperton, East Acton, Hackbridge and Watford. Lidl currently has 88 shops in the capital, out of 760 in the UK.
 Like Reply
Tesco reports sharp slowdown in underlying sales growth 13 Jun 4:23am Tesco reports sharp slowdown in underlying sales growth
Supermarket blames political uncertainty and volatile weather for drop in consumer spending Tesco has reported a sharp slowdown in underlying sales growth, as political uncertainty and volatile weather held back consumer spending. Like-for-like sales at Britain’s biggest supermarket chain rose 0.4% year-on-year in its first quarter ended 25 May, down from 1.7% in the previous three months. Total sales fell 0.4%, hit by the firm’s decision to close its non-food arm Tesco Direct last July.
 Like Reply
13 Jun 4:21am Oil Tankers Attacked Again in Gulf of Oman, Raising Fears of Wider Conflict
At least two tankers have been hit near where four tankers were damaged last month, according the Iranian news media and a shipping industry official.
 Like Reply
Telegram boss links cyber attack during HK protests to China 13 Jun 4:20am Telegram boss links cyber attack during HK protests to China
The messaging service suffered a massive cyber attack during violent protests in Hong Kong on Wednesday.
 Like Reply
Morrisons and Amazon expanding same-day deliveries 13 Jun 4:14am Updated Morrisons and Amazon expanding same-day deliveries
Morrisons agrees to expand fast delivery service with Amazon to five extra cities.
 Like Reply
UK housing market gets Brexit delay boost; oil jumps after tanker fire - business live 13 Jun 3:39am Updated UK housing market gets Brexit delay boost; oil jumps after tanker fire - business live
Rolling coverage of the latest economic and financial news, as surveyors report signs of life in Britain’s property market
 Like Reply
South East suffers biggest house price drops in the country 13 Jun 3:30am Updated South East suffers biggest house price drops in the country
The South East suffered the worst slowdown in property prices of any region in the lsat three months, new findings show.
 Like Reply
When unlisted companies are a good bet and how to invest more safely 13 Jun 3:22am Updated When unlisted companies are a good bet and how to invest more safely
Companies are staying private for longer and fund managers are finding more value than ever before in that market. How can you access the opportunities to be found in the unlisted universe?
 Like Reply
UK is best in Europe for unicorns but the easy money will run out one day 13 Jun 3:20am Updated UK is best in Europe for unicorns but the easy money will run out one day
The UK has produced more so-called unicorns - companies valued at more than $1billion but not listed on the stock market - than any country in the world other than the US and China.
 Like Reply
Morrisons and Amazon same-day deliveries to expand across UK 13 Jun 3:03am Morrisons and Amazon same-day deliveries to expand across UK
Morrisons has expanded on its home delivery agreement deal with Amazon, extending its same-day service across the UK this year.
 Like Reply
A Virgin Media salesman persuaded me to switch to a pricier deal 13 Jun 2:00am A Virgin Media salesman persuaded me to switch to a pricier deal
He told me my broadband supplier EE had been taken over by BT, so my contract was null and void
 Like Reply
As Protesters Fill Hong Kong’s Streets, Businesses Are Alarmed, Too 13 Jun 12:03am Updated As Protesters Fill Hong Kong’s Streets, Businesses Are Alarmed, Too
A wave of concern has spread through a community of foreign consultants, investors and executives who have made the territory their home and regional headquarters.
 Like Reply
On the top

Date settings

Today is Saturday, December 7, 2019

+ 1 -
+ 1 -
+ 2016 -

Close

By using our website, you agree to the use of cookies as described in our cookie policy.

Accept