Back Business Sunday, June 16, 2019
Search Sections 16 Jun
Close
Advertisement
Mario Draghi Saved the Euro. Will His Successor Be Equally Committed? 16 Jun 11:59pm Mario Draghi Saved the Euro. Will His Successor Be Equally Committed?
The exiting president of the E.C.B. famously vowed to do “whatever it takes” to preserve the eurozone currency. It is unclear whether whoever follows him can be counted on to do the same.
 Like Reply
Currencies in USD
GBP 1,31 +0,076%
EUR 1,11 0,000%
CHF 1,01 -0,099%
Gender Stereotypes Banned in British Advertising 16 Jun 11:18pm Gender Stereotypes Banned in British Advertising
No more commercials showing men struggling to do a load of laundry, or asking women if they are “beach body ready.”
 Like Reply
From bootcamp to burnout: how to make it as a YouTuber – podcast 16 Jun 10:00pm From bootcamp to burnout: how to make it as a YouTuber – podcast
Young stars on the Google-owned site can become multi-millionaires almost overnight but controversy has stalked every stage of YouTube’s growth. Plus: Amelia Abraham on rising LGBT hate crimes The phenomenal success of Google’s video-sharing website YouTube has made stars of some of its most popular users. From beauty tips to video game walkthroughs, lifestyle vlogs and prank videos, the site has entranced a generation. But there is a darker side to the success story. It has had to grapple with people using the social network to publish hate speech. And its young stars have faced burnout.
 Like Reply
Driver’s Licenses for the Undocumented: New York’s Immigration Land Mine 16 Jun 8:00pm Updated Driver’s Licenses for the Undocumented: New York’s Immigration Land Mine
The topic is one of the most divisive issues before the State Legislature this year, and Democrats worry it could endanger them politically.
 Like Reply
Last call for PPI, says finance watchdog 16 Jun 7:01pm Last call for PPI, says finance watchdog
FCI launches advertising blitz to encourage applications for a refund before the August deadline The City regulator is launching a final call for payment protection insurance compensation, as the total paid out to consumers passes £35bn. With just over two months to go until the deadline for lodging a PPI claim the UK’s Financial Conduct Authority is launching a new advertising campaign to encourage more applications.
 Like Reply
UK growth tipped to slow as firms run down Brexit stockpiles 16 Jun 7:01pm UK growth tipped to slow as firms run down Brexit stockpiles
Business group downgrades GDP rises and warns dwindling investment will hurt long-term economy Economic growth in Britain is expected to slow to the lowest levels since the financial crisis as firms run down Brexit stockpiles, according to a leading business lobby group. After a stockpiling rush this year that pumped up the rate of economic growth, the British Chambers of Commerce said growth would slow in 2020 and 2021.
 Like Reply
Carole Ghosn calls for President Trump to back her husband 16 Jun 7:00pm Carole Ghosn calls for President Trump to back her husband
The wife of the former Nissan boss Carlos Ghosn wants pressure put on Japan over his legal battle.
 Like Reply
Food App Couriers Exploit Migrants Desperate for Work in France 16 Jun 7:00pm Updated Food App Couriers Exploit Migrants Desperate for Work in France
Some contractors are dealing with rate cuts by leasing their accounts to immigrants, many of them underage or in the country illegally, and taking part of their pay.
 Like Reply
I’m a Financial Journalist Who Was Bored Silly by Mergers. Not Anymore. 16 Jun 6:03pm Updated I’m a Financial Journalist Who Was Bored Silly by Mergers. Not Anymore.
It took me 20 years to warm to deal-making. I just needed some antitrust flare-ups.
 Like Reply
Can you claim pension credit and get a free TV licence next year? 16 Jun 5:43pm Updated Can you claim pension credit and get a free TV licence next year?
Only the poorest pensioners - those who claim pension credit - will be allowed to continue to watch the public service broadcaster's television channels for free.
 Like Reply
Boeing Chief Acknowledges ‘Mistake’ Over 737 Max Warning Light 16 Jun 5:28pm Updated Boeing Chief Acknowledges ‘Mistake’ Over 737 Max Warning Light
The executive, Dennis Muilenburg, made the statement on the eve of the Paris Air Show, one of the industry’s most important sales events.
 Like Reply
How Hong Kong’s Leader Made the Biggest Political Retreat by China Under Xi 16 Jun 4:39pm Updated How Hong Kong’s Leader Made the Biggest Political Retreat by China Under Xi
Limited consultation within the Hong Kong government, and none with the public, led to an unexpected setback for local authorities and China’s government.
 Like Reply
RUTH SUNDERLAND: Unfair pay for Woodford shows gulf between savers and money managers is too wide 16 Jun 3:47pm RUTH SUNDERLAND: Unfair pay for Woodford shows gulf between savers and money managers is too wide
The whole point of investment funds is that they are supposed to democratise the stock market. Whether they have actually done that is debatable.
 Like Reply
The Terminator helps fire up a £10bn last dash for PPI refunds as the crunch deadline looms 16 Jun 3:46pm The Terminator helps fire up a £10bn last dash for PPI refunds as the crunch deadline looms
Customers claimed £334 million in April ahead of the August 29 deadline, according to new figures from the Financial Conduct Authority (FCA).
 Like Reply
Superdrug sales shine with revenues up 3.3% as the chain benefits from a vegan beauty boom  16 Jun 3:45pm Superdrug sales shine with revenues up 3.3% as the chain benefits from a vegan beauty boom 
Profits at the chain, which has 816 outlets, fell by 5 per cent to £88.3 million. Bosses hailed 'pleasing results in challenging times' - a nod to the turmoil on the high street.
 Like Reply
Listed companies in the UK are the first foreign firms to sell shares in China 16 Jun 3:45pm Listed companies in the UK are the first foreign firms to sell shares in China
The London-Shanghai Stock Connect will allow British companies to raise funds in Shanghai, and vice versa. More than 250 firms listed in Shanghai may be eligible to take part in Stock Connect.
 Like Reply
Wahaca changes eat-and-run policy after waiter asked to pay part of bill 16 Jun 3:19pm Updated Wahaca changes eat-and-run policy after waiter asked to pay part of bill
A waiter in a London branch was asked by the manager to pay £3 towards a £40 unpaid bill.
 Like Reply
Major global firms accused of concealing their environmental impact 16 Jun 1:13pm Major global firms accused of concealing their environmental impact
More than 700 companies, including Amazon, Tesco and ExxonMobil, lack transparency, campaign group claims A $10tn (£7.9tn) investor alliance has accused more than 700 companies, including Amazon, Tesco and ExxonMobil, of failing to reveal the full extent of their impact on the climate crisis, water shortages and deforestation. The major global companies, with a combined worth ofmore than $15tn, lack transparency over their effect on the environment, according to the intervention by some of the world’s biggest financial names.
 Like Reply
Italy’s Toying With a ‘Mini-BOT’ Worries E.U. and Investors 16 Jun 10:29am Updated Italy’s Toying With a ‘Mini-BOT’ Worries E.U. and Investors
The populist government says issuing mini-treasury bills, similar to IOUs, would help Italy deal with its debt. Others see a scheme to leave the euro.
 Like Reply
Tory leadership race: EU will renegotiate Brexit package, says Hunt 16 Jun 9:26am Updated Tory leadership race: EU will renegotiate Brexit package, says Hunt
Mr Hunt said if there is no prospect of a deal by 31 October he would accept a no-deal Brexit.
 Like Reply
Firms give staff terror training after London Bridge response delays 16 Jun 9:26am Firms give staff terror training after London Bridge response delays
Increasing numbers of businesses are training their staff in how to help in the aftermath of a terrorist attack following concerns about how long it could take emergency services to reach victims.
 Like Reply
Why WAS fallen fund giant Neil Woodford allowed to invest in firms run by his circle of associates?  16 Jun 7:46am Updated Why WAS fallen fund giant Neil Woodford allowed to invest in firms run by his circle of associates? 
Analysis by The Mail on Sunday found that a number of the stock picks that Woodford made can be linked to individuals from the fund manager's close circle of associates.
 Like Reply
Thirsty work in San Diego, the craft brewing capital of America 16 Jun 7:30am Thirsty work in San Diego, the craft brewing capital of America
Raise a glass to the Californian city with more than 200 craft breweries and tasting rooms It is early morning and I’m swimming in a coffin-shaped pool surrounded by gnarly ancient cacti, overlooked by a 12-storey floral mural. It was an invigorating way to wake up listening to the muted stirring of downtown LA – and I needed it after only two hours’ sleep. The night before, the
 Like Reply
MIDAS SHARE TIPS: The diagnosis? Renalytix is a healthy investment free from Woodford Disease 16 Jun 7:30am Updated MIDAS SHARE TIPS: The diagnosis? Renalytix is a healthy investment free from Woodford Disease
Neil Woodford's interest in early-stage healthcare firms was once widely praised. Now he faces criticism for his selection, not least because many of them are not even quoted businesses.
 Like Reply
STOCK MARKET WATCHLIST: An age-old question for Just Group - should we sell up? 16 Jun 6:55am Updated STOCK MARKET WATCHLIST: An age-old question for Just Group - should we sell up?
Just Group's shares have slumped almost 60 per cent in a year following regulatory changes that forced the company to raise fresh equity and debt.
 Like Reply
Council staff pensions at risk from Woodford investments 16 Jun 6:51am Council staff pensions at risk from Woodford investments
At least three local authorities have put in up to £10m in sister scheme hit by suspension of flagship fund Council workers have been left exposed to the underperformance of Neil Woodford’s stock market-listed fund, with a £10m investment by council pensions schemes at risk from the fund’s declining share price. Shares in the Woodford Patient Capital Trust Fund have tumbled 25% to 58p since 3 June, when Woodford made the
 Like Reply
How Data Can Help You Win in the Winner-Take-All Economy 16 Jun 5:56am Updated How Data Can Help You Win in the Winner-Take-All Economy
To adapt to a faster pace of change, it helps to learn how to crunch numbers about whole organizations — and about yourself.
 Like Reply
My battle plan to fix broken investment industry for customers, NOT fat cats 16 Jun 5:56am Updated My battle plan to fix broken investment industry for customers, NOT fat cats
Jeff Prestridge says generating wealth from a portfolio of investments has never been easier thanks to online dealing services and the plethora of opportunities available.
 Like Reply
Is the global economy in for a new oil shock? | Larry Elliot 16 Jun 5:41am Is the global economy in for a new oil shock? | Larry Elliot
Trump’s hawkish stance with Iran could prove too much for an already fragile world economy An oil price surge prompted by trouble in the Middle East inevitably conjures up memories of late 1973, when a dramatic rise in the cost of crude ended the long postwar global economic boom. No question, the embargo organised by Opec during the Yom Kippur war was a game changer. The west had got used to oil prices of around $2 a barrel; within weeks it was paying $11 a barrel. Inflation soared, growth slowed, unemployment hit levels not seen since the 1930s.
 Like Reply
CASH IN THE ATTIC: A signed first edition of James Joyce novel Ulysses could bag you £275k 16 Jun 5:11am CASH IN THE ATTIC: A signed first edition of James Joyce novel Ulysses could bag you £275k
Today is Bloomsday - the day in 1904 that the character Leopold Bloom walked the streets of Dublin in the James Joyce novel Ulysses. A first edition of this sold for £275,000 a decade ago.
 Like Reply
Why Barnardo girl Esther McVey, who tried to become PM, keeps her savings locked away in the bank 16 Jun 5:03am Updated Why Barnardo girl Esther McVey, who tried to become PM, keeps her savings locked away in the bank
Defeated Tory leadership candidate Esther McVey would drastically reduce Britain's foreign aid budget so she could spend extra on schools and the police if she became Chancellor of the Exchequer.
 Like Reply
TONY HETHERINGTON: The pet passport firm that should be in the dog house  16 Jun 5:01am TONY HETHERINGTON: The pet passport firm that should be in the dog house 
One reader wasn't impressed with the service they received from a company in Slough called Passport for Pets. The firm refused any refund after their dog was diagnosed with thyroid cancer.
 Like Reply
‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding Alarm 16 Jun 5:00am ‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding Alarm
Struggling to compete against online rivals, retailers could be forced to close more stores if tariffs hit Chinese footwear, toys and apparel, analysts say.
 Like Reply
MIDAS SHARE TIPS UPDATE: Treatment for stomach cancer from Creo Medical revives shares too 16 Jun 4:55am Updated MIDAS SHARE TIPS UPDATE: Treatment for stomach cancer from Creo Medical revives shares too
Midas recommended Creo, based in Chepstow in South Wales, in December 2016, when the shares were 81p. Today they are £1.94 and brokers believe they have significantly further to go.
 Like Reply
This woman is crusading against the cashless society - so, could she become the saviour of cash? 16 Jun 4:53am Updated This woman is crusading against the cashless society - so, could she become the saviour of cash?
Natalie Ceeney is the author of the recent 'Access To Cash Review' report which highlighted the dangers of the country's relentless march towards a cashless society.
 Like Reply
Titan of the stock market Xavier Rolet finally speaks out 16 Jun 4:30am Updated Titan of the stock market Xavier Rolet finally speaks out
The 59-year-old is now chief executive of CQS, the asset management firm of Sir Michael Hintze, a billionaire Tory party donor. The Mail on Sunday met him at CQS's swanky London HQ.
 Like Reply
Betfred owners cash in on a £10m jackpot, despite the firm making a £40.7m loss 16 Jun 4:28am Updated Betfred owners cash in on a £10m jackpot, despite the firm making a £40.7m loss
The betting giant, led by 76-year-old chief executive Fred Done, has now lost £69.4 million in two years, blaming a Government crackdown on controversial fixed-odds betting terminals (FOBTs).
 Like Reply
M&S shares hit ten-year low in tie-up with Ocado 16 Jun 4:24am Updated M&S shares hit ten-year low in tie-up with Ocado
The shares closed at £2.16 last week - their lowest level since January 2009, during the financial crisis. The group tapped £600 million from investors to fund its recent deal.
 Like Reply
Bribery probe into the U.S. investor behind UK Addiction Treatment Centres sparks talk of a sale 16 Jun 4:23am Updated Bribery probe into the U.S. investor behind UK Addiction Treatment Centres sparks talk of a sale
City sources said UK Addiction Treatment Centres, also known as UKAT, and its backer, US-based Eli Global, have been sounding out financial advisers about 'strategic options'.
 Like Reply
Heirs to the KP Nuts fortune are hit by a second successive shareholder rebellion over pay  16 Jun 4:22am Updated Heirs to the KP Nuts fortune are hit by a second successive shareholder rebellion over pay 
Investors holding 27 per cent of shopping centre owner London & Associated Properties voted against the re-election of Sir Michael Heller as a director.
 Like Reply
How indie bookshops are fighting back 16 Jun 3:30am How indie bookshops are fighting back
Independent bookshops are thriving because they understand readers’ tastes better than an Amazon algorithmAs global temperatures rise at the rate political standards fall, the news that independent bookshops are reviving gives rare cause for celebration. Last year the number of indies on UK high streets grew for the second year running – by 15 to 883, according to the
 Like Reply
Travel insurance: why cheap policies can cost you dearly 16 Jun 3:17am Travel insurance: why cheap policies can cost you dearly
As insurers compete to offer the lowest prices, fees and exclusions have been rising Rachel Taylor had booked a holiday cottage in the Lake District as a treat for her mother. Two weeks before their holiday her father became seriously ill and she had to cancel. He died soon afterwards. Since the payment was non-refundable, Taylor claimed the £646 cost on her travel insurance. To her astonishment, she was told that she was only entitled to half that. “I was told it was because there were two people travelling, and my policy paid out on a per-person basis,” she says. “I argued that the cost for the week was £646 for the cottage, irrespective of the number of people, the entire booking was in my name only and I was the only person who had suffered any financial loss. How can my mum be expected to make a claim when her name does not appear anywhere on the booking confirmation?”
 Like Reply
Travel insurance: why cheap policies can count you dearly 16 Jun 3:00am Travel insurance: why cheap policies can count you dearly
As insurers compete to offer the lowest prices, fees and exclusions have been rising Rachel Taylor had booked a holiday cottage in the Lake District as a treat for her mother. Two weeks before their holiday her father became seriously ill and she had to cancel. He died soon afterwards. Since the payment was non-refundable, Taylor claimed the £646 cost on her travel insurance. To her astonishment, she was told that she was only entitled to half that. “I was told it was because there were two people travelling, and my policy paid out on a per-person basis,” she says. “I argued that the cost for the week was £646 for the cottage, irrespective of the number of people, the entire booking was in my name only and I was the only person who had suffered any financial loss. How can my mum be expected to make a claim when her name does not appear anywhere on the booking confirmation?”
 Like Reply
Adding Boris Johnson to Brexit is pouring fuel on to the fire | William Keegan 16 Jun 2:00am Adding Boris Johnson to Brexit is pouring fuel on to the fire | William Keegan
As investment nears collapse, the last thing Britain needs is a PM so contemptuous of business and so fiscally heedlessI have been critical, I hope with good reason, of Jeremy Corbyn’s equivocation over what is rapidly becoming a pressing need to call another referendum. But credit where credit is due: at least the Labour leader attempted in the Commons last week to block the possibility of a no-deal Brexit –
 Like Reply
Crypto is coming: get ready to spend Facebook’s money 16 Jun 2:00am Crypto is coming: get ready to spend Facebook’s money
The social network is likely to release details of its cryptocurrency this week: and it won’t be much like BitcoinFirst it had your friends, then it had your pictures, then it had your diary. Now, in the latest effort to entwine its systems still further into the everyday lives of its users, Facebook wants to get into your wallet. On Tuesday, the social media behemoth is expected to reveal its own cryptocurrency, which has variously been called Libra and GlobalCoin. However, unlike other cryptocurrencies, the new creation will not have been founded in the spirit of libertarianism, outside the backing of established, conventional authorities. Instead, it appears to have the endorsement of more than 12 corporations, from Uber to PayPal, Visa and Mastercard.
 Like Reply
Carney should turn again to the Bank’s biggest problem: the City 16 Jun 2:00am Carney should turn again to the Bank’s biggest problem: the City
In his last Mansion House speech, the governor should make clear that the Square Mile must remain on a short leashWhen the Bank of England’s governor, Mark Carney, addresses City grandees this Thursday at Mansion House in London, he could step outside his usual comfort zone and
 Like Reply
Millions at risk of retiring on incomes below living wage 16 Jun 2:00am Millions at risk of retiring on incomes below living wage
Campaigners urge the pensions industry to do more to encourage people to save Pensions providers have been called on to do more to encourage people to
 Like Reply
Workers see job promises vanish as bosses pocket Trump tax windfall 16 Jun 2:00am Workers see job promises vanish as bosses pocket Trump tax windfall
AT&T, General Motors and Wells Fargo vowed to use tax cuts to create jobs. In fact, they did the opposite Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company announced it was closing the city’s three call centers in February 2019. “At 46 years old, I’m looking for a new job,” Smith said. “They basically told us we either need to move south or lose our job. It was out of the blue. We had no idea.”
 Like Reply
How Silicon Valley’s whiz-kids finally ran out of friends | John Naughton 16 Jun 1:59am How Silicon Valley’s whiz-kids finally ran out of friends | John Naughton
The tech founders said they were not like the evil capitalists of old. We should have known betterRemember the time when tech companies were cool? So do I. Once upon a time, Silicon Valley was the jewel in the American crown, a magnet for high IQ – and predominately male – talent from all over the world. Palo Alto was the centre of what its more delusional inhabitants regarded as the Florence of Renaissance 2.0. Parents swelled with pride when their offspring landed a job with the Googles, Facebooks and Apples of that world, where they stood a sporting chance of becoming as rich as they might have done if they had joined Goldman Sachs or Lehman Brothers, but without the moral odium attendant on investment backing. I mean to say, where else could you be employed by a company to which every president, prime minister and aspirant politician craved an invitation? Where else could you be part of inventing the future? But that was then and this is now. It’s taken an unconscionable length of time, but the tide of approbation has turned. Tech has suddenly lost its halo. Everywhere one looks, we find groups sharpening knives for a critique or an attack on big tech. In an
 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