Monaco, models and money – who is retail mogul Sir Philip Green?
The retail billionaire has previously faced criticism over his business dealings, now he has been named over harassment claims. Source by [author_name]
Savers hit by cut to NS&I returns
Image copyright Getty Images Older savers will be hit by a significant cut to the returns on popular index-linked Savings Certificates from next year. Returns on the National Savings and Investments (NS&I) product are to track a less generous measure of inflation. The announcement, three days before the Budget, will benefit the Treasury by £610m …
US economy grows faster than expected
Image copyright AFP The US economy grew at an annualised rate of 3.5% in the third quarter of the year, official figures have shown. The US Commerce Department said strong consumer and government spending helped to bolster the economy. But lower exports weighed on growth, after a surge earlier in the year as firms rushed …
Facebook finds more fake accounts from Iran
Facebook has uncovered and removed dozens of pages, accounts and groups linked to Iran that coordinated “inauthentic behaviour”, targeting people in the US and UK. The affected posts focused on topics such as race relations, opposition to President Donald Trump and immigration, it said. The social network revealed that it uncovered the activity a week …
Global markets in sell-off mode
Image copyright Getty Images Image caption US markets are down today Global markets remained in sell-off mode on Friday, as investor worries sent shares in Asia, Europe and the US tumbling. The benchmark S&P 500 index in the US is down more than 1.5%, falling almost 10% from its peak set earlier in October. The …
Barclays will not face trial over crisis fundraising
Image copyright Getty Images Barclays has been spared a court trial over its emergency fundraising during the global financial crisis. The High Court has dismissed a claim by the Serious Fraud Office (SFO) to reinstate charges against the bank. It upheld a Crown Court ruling in May which dismissed all charges against Barclays Bank and …
What wine has to do with our productivity problem
Image copyright PA A bottle of wine being uncorked could be one simple, but perhaps unlikely, answer to Britain’s dire productivity problem. Staff at Fifteen Cornwall, a restaurant on that county’s northern coast, have been sent on formal wine training. The training helps workers to persuade diners to trade up to a more expensive, and …
Asda considering up to 2,500 job cuts
Image copyright Alamy Supermarket giant Asda is to begin consultations with staff on changes that could mean up to 2,500 job cuts. An Asda representative said the firm needed to consider changing employees’ roles and working hours. Asda, which has been owned by US retail giant Walmart since 1999, has agreed to be taken over …
Court makes ‘£15bn pension ruling’
Image copyright Getty Images A High Court ruling on gender equalisation of pension payouts could have an estimated £15bn effect on major pension schemes. In the case, closely watched by the industry and government, three female members of Lloyds Banking Group’s pension scheme challenged the bank. It surrounded the use of Guaranteed Minimum Pensions in …
Retail analyst Claire Bailey says Topshop customers 'may switch loyalty'
Retail analyst Claire Bailey says claims about Topshop owner could hit sales if customers switch loyalties Source by [author_name]