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Tuesday, August 20, 2019
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Trump cancels Denmark trip after PM says Greenland is not for sale 20 Aug 9:39pm Trump cancels Denmark trip after PM says Greenland is not for sale
President says he is postponing meeting with Mette Frederiksen because she was not interested in discussing transaction Donald Trump has cancelled his trip to Denmark and postponed his meeting with the Danish prime minister after she said that Greenland was not for sale.
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Currencies in USD
GBP 1,25 +0,964%
EUR 1,11 +1,261%
CHF 1,01 +0,690%
UK tech firms secure record amount of foreign investment 20 Aug 7:14pm UK tech firms secure record amount of foreign investment
Total of £5.5bn pumped in since January, £3.1bn of it from the US and Asia, says government data Fast-growing UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this year, according to research for the government’s digital economy council. The study for the Department of Digital, Culture, Media and Sport (DCMS) body revealed that the UK has overtaken the US for the amount of investment per capita.
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Greene King sale isn’t one for pubgoers to drink to 20 Aug 7:01pm Greene King sale isn’t one for pubgoers to drink to
Hong Kong buyer CKA wants the chain’s cheap property portfolio, and pub closures will surely follow
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Walmart sues Tesla over solar panels it says caused multiple fires 20 Aug 6:21pm Walmart sues Tesla over solar panels it says caused multiple fires
About seven Walmart stores had fires due to Tesla’s solar systems as of November 2018, according to the lawsuit Walmart has sued Tesla, saying solar panels supplied by the electric carmaker were responsible for fires at about seven of its stores. The fires destroyed significant amounts of store merchandise and required substantial repairs, totaling hundreds of thousands of dollars in out-of-pocket losses, according to a lawsuit filed in a New York court on Tuesday.
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Customs passes to be allocated as part of no-deal Brexit planning 20 Aug 1:41pm Customs passes to be allocated as part of no-deal Brexit planning
Without pass, exporter’s goods could be held up at UK ports and airports after 31 October The government will allocate customs passes to thousands of businesses over the next two weeks to prevent goods being held up at the UK border
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Lidl attains its biggest UK grocery market share at 5.9% 20 Aug 11:50am Lidl attains its biggest UK grocery market share at 5.9%
Sales at discount German retailer jump after burst of store openings Lidl has bagged its biggest ever slice of UK grocery spending as larger supermarket rivals lost ground during a poor stretch of summer weather.
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UK factories suffer from Brexit and trade war tensions - business live 20 Aug 9:05am Updated UK factories suffer from Brexit and trade war tensions - business live
Rolling coverage of the latest economic and financial news
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Asos asks suppliers for 3% discount in effort to repair finances 20 Aug 8:48am Asos asks suppliers for 3% discount in effort to repair finances
Move by online retailer follows share-price collapse after second profits warning The online fashion retailer Asos has asked its suppliers for 3% discount on the clothes and accessories it buys from them, as the company struggles to repair its finances after issuing two profit warnings. Asos’s
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NatWest and RBS customers hit by credit card glitch 20 Aug 8:07am NatWest and RBS customers hit by credit card glitch
Outage comes as many people prepare to pay monthly bills NatWest and Royal Bank of Scotland customers have been hit by computer problems preventing them accessing credit card information, with the bank’s call centres also unable to deal with credit card queries. The outage, which is believed to have first been spotted in the early hours of Monday, comes at a crucial time for many customers as they prepare to pay their monthly bills.
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Persimmon profits fall as housebuilder looks at repairing reputation 20 Aug 7:10am Persimmon profits fall as housebuilder looks at repairing reputation
Company increased customer service spending by about 40% after criticism over quality Profits at the housebuilder Persimmon slipped as it invested in customer service in an
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Investors cling to stimulus hopes as recession fears swirl - business live 20 Aug 6:19am Updated Investors cling to stimulus hopes as recession fears swirl - business live
Rolling coverage of the latest economic and financial news
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Amazon under fire for new packaging that cannot be recycled 20 Aug 5:42am Amazon under fire for new packaging that cannot be recycled
Use of plastic envelopes branded a ‘major step backwards’ in fight against pollution Amazon has been criticised by environmental groups and customers after introducing a range of plastic packaging that cannot be recycled in the UK. While supermarkets and other retailers have been reducing their use of
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Goverment yet to refund £28m in student loan overpayments 20 Aug 4:19am Goverment yet to refund £28m in student loan overpayments
More than half a million English university graduates overpaid loans by average £600
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Big tech firms need to stop reducing LGBT+ people to their sex lives | Hannah Jane Parkinson 20 Aug 3:00am Big tech firms need to stop reducing LGBT+ people to their sex lives | Hannah Jane Parkinson
From demonetising videos to porn-filled searches, internet platforms are on the wrong side of the issue Here’s a question: how comfortable would you feel typing the word “lesbian” into a search engine in the office? Or maybe while a parent pottered about behind you? Or even, perhaps, not in incognito browsing mode? If your answer is “not very”, then you’re probably aware that it’s a term that has more often than not returned salacious results. It’s the online reflection of the far-too-frequently sexualised, real-life reaction to female sex-same relationships.
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National Grid blames lightning strike for blackout 20 Aug 2:41am National Grid blames lightning strike for blackout
‘Extremely rare and unexpected event’ leads to Ofgem launching investigation National Grid has blamed a lightning strike for Britain’s biggest blackout in more than a decade after it caused two power generators to trip offline. The lightning strike was one of many to hit the grid on the same day as the 9 August blackouts, but in an “extremely rare and unexpected event” it managed to bring down two electricity generators over 100 miles apart.
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Firms cash in when a delayed or cancelled flight means you’re not on time for a booked hire car 20 Aug 2:00am Firms cash in when a delayed or cancelled flight means you’re not on time for a booked hire car
Firms cash in when a delayed or cancelled flight means you’re not on time for a booked hire car If you have booked a hire car for your summer holiday, beware. Although rental firms know full well that flights are subject to delays and cancellations, some are profiting extortionately from passengers who arrive later or earlier than expected. The sorry tales below suggest that, as with flight tickets, it can be best to avoid third-party brokers and book directly through the hire company so you can liaise directly.
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World stocks rally as Trump steps up pressure on Fed to cut rates 20 Aug 12:13am World stocks rally as Trump steps up pressure on Fed to cut rates
President tweets demand for 1% reduction and more QE as markets look to central banks to bolster global economy Stock markets have been boosted by the growing prospect of more stimulus measures by central banks and governments across the world as Donald Trump heaped more pressure on the Federal Reserve to slash interest rates.
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