Back Business Thursday, August 15, 2019
Search Sections 15 Aug
Close
Advertisement
15 Aug 2019, 6:57pm General Electric: Madoff investigator alleges $38bn fraud
BBC
Shares in General Electric tumble after Harry Markopolos alleges firm hid huge losses.
 Like Reply

Comments

No comments yet...
Currencies in GBP
EUR 0,90 +0,335%
USD 0,77 +0,784%
CHF 0,78 +0,385%
15 Aug 2019, 6:21pm Updated Madoff investigator accuses GE of $38bn fraud
BBC
Shares in General Electric tumble after Harry Markopolos alleges firm hid huge losses.
 Like Reply
15 Aug 2019, 5:59pm The plight of a US dairy farm
BBC
It's a family business which has been around since 1942 - but now the last remaining cows are being sold off.
 Like Reply
Deloitte faces court fight and probe over failure to spot a £160m fraud at firm H2O Networks 15 Aug 2019, 5:26pm Deloitte faces court fight and probe over failure to spot a £160m fraud at firm H2O Networks
BBC
The Big Four auditor was in charge of checking the books for H2O Networks but is accused of missing warning signs that led to the company's demise.
 Like Reply
Banana-geddon fears as deadly fungus strain could wipe out global production 15 Aug 2019, 5:24pm Banana-geddon fears as deadly fungus strain could wipe out global production
BBC
A type of the Fusarium fungus, which causes Panama disease, has been discovered in South America for the first time - on plants in Colombia, which has declared a state of emergency.
 Like Reply
Homeowners rush to remortgage before Brexit but new buyers hold back amid political turmoil 15 Aug 2019, 5:20pm Homeowners rush to remortgage before Brexit but new buyers hold back amid political turmoil
BBC
Homeowners seized on ultra-low interest rates to remortgage in June, while buyers held back amid political turmoil.
 Like Reply
15 Aug 2019, 5:18pm MARKET REPORT: Director dealings do the trick at trader Plus 500 as shares jump
BBC
Shares in online trading platform Plus 500 surged after an assortment of top brass spent their own money buying up the company's stock.
 Like Reply
15 Aug 2019, 4:31pm Trump accuses media of crashing the economy to ruin his presidency amid recession concerns
The Independent
President's attacks on media come as economic analysts see signs of potential recession on horizon
 Like Reply
15 Aug 2019, 2:31pm European markets still rattled as global recession fears linger
The Guardian
Index of Britain’s top 100 firms at six-month low and oil prices fall 3% to below $58 a barrel Stock markets in Europe extended their losing streak on Thursday and oil prices fell 3% to below $58 a barrel as mounting recession concerns continued to hit investor confidence. The index of Britain’s top 100 firms dropped more than 1% to hit a six-month low and and stock markets in continental Europe also dipped in response to investors channelling their funds into financial safe havens. However, US stocks staged a modest recovery after heavy sell-offs on Wednesday.
 Like Reply
15 Aug 2019, 2:12pm General Electric: US giant hits back over $38bn fraud claim
BBC
Shares in General Electric tumble as it rejects allegations that it hid huge losses.
 Like Reply
15 Aug 2019, 1:40pm Burford Capital replaces finance chief to appease investors
The Guardian
UK-listed litigation financier bows to pressure and demotes CFO Elizabeth O’Connell in wake of hedge fund criticism Burford Capital is replacing its chairman and finance chief in an effort to appease shareholders, following
 Like Reply
FTSE LIVE: Markets suffer shake down amid global recession fears 15 Aug 2019, 12:48pm Updated FTSE LIVE: Markets suffer shake down amid global recession fears
The Guardian
The FTSE 100 closed down 80.87 points at 7067.01 and the pound was at $1.21 against the dollar.
 Like Reply
15 Aug 2019, 12:20pm Bosses force female workers making jeans for Levis and Wrangler into sex
The Guardian
Women at factories in Lesotho owned by Taiwanese firm say jobs and promotions in jeopardy if they refuse advances, claims report Women producing jeans for American brands including Levi Strauss, Wrangler and Lee have been forced to sleep with their managers to keep their jobs or gain promotion, an investigation into sexual harassment and coercion at garment factories in Lesotho has found. Brands have responded to the “extensive” allegations by the
 Like Reply
15 Aug 2019, 12:14pm Updated ALEX BRUMMER: Beware bond funds may not be as secure as some may think
The Guardian
The flight from shares into fixed interest, such as government bonds, gathered momentum in the first six months of 2019 as savers became more risk averse.
 Like Reply
Pound enjoys rare gains as ONS retail sales defy downbeat forecasts 15 Aug 2019, 11:39am Updated Pound enjoys rare gains as ONS retail sales defy downbeat forecasts
The Guardian
Retail sales nudged up 0.2 per cent month-on-month, according to the Office for National Statistics, defying predictions of a 0.2 per cent fall, thanks mostly to a near-7 per cent jump in online spending.
 Like Reply
How much can I take out of a pension and avoid the MPAA limit? 15 Aug 2019, 11:30am Updated How much can I take out of a pension and avoid the MPAA limit?
The Guardian
After you have withdrawn your 25 per cent tax free lump sum, you should seriously consider cashing in any pots worth under £10,000 next, warns former minister Steve Webb.
 Like Reply
15 Aug 2019, 11:00am Stock markets nervous after China trade warning
BBC
European and US shares pare losses but remain in the red after a heavy sell-off on Wednesday.
 Like Reply
15 Aug 2019, 10:51am US applies to seize Iranian tanker held in Gibraltar
The Guardian
Washington move seeks to intensify effect of existing economic sanctions on Syria and Iran Gibraltar has said it will allow a detained Iranian oil tanker to be released after Tehran gave the territory’s government an assurance that it would not allow its cargo to be discharged in Syria, according to local reports. But the decision could yet be challenged by the US, which earlier applied to seize the Grace 1, which was detained on suspicion of breaching international sanctions on oil shipments to the regime of Bashar al-Asssad.
 Like Reply
15 Aug 2019, 10:41am China vows to counter latest US tariffs while Trump says any deal would have to be on 'our terms'
The Independent
China says it hopes US will meet it halfway, but Trump has other plans
 Like Reply
15 Aug 2019, 10:35am RBS named UK's worst bank as Metro Bank comes out on top
The Independent
Majority-taxpayer owned lender given lowest rating for customer service and branches
 Like Reply
15 Aug 2019, 9:37am Updated Markets jittery as trade war and recession worries spook investors - business live
The Guardian
Beijing has alarmed investors by threatening counter-measures against the US, threatening to escalate the trade war
 Like Reply
15 Aug 2019, 8:55am Spend, spend, spend: spirit of Viv Nicholson lives on among shoppers | Larry Elliott
The Guardian
Consumers are not fretting about Brexit but you can understand why retailers are uneasy over 31 October Viv Nicholson, those with long enough memories may recall, won what was then a small fortune on the football pools in 1961. Asked what she was going to do with the money, she replied: “Spend, spend, spend.” Which she duly did until there was nothing left. The latest
 Like Reply
15 Aug 2019, 8:49am Updated Cuadrilla resumes fracking in Lancashire
BBC
Cuadrilla's site in Lancashire has been the focus of repeated protests by those opposed to fracking.
 Like Reply
Who are the 1% in Britain and are you one of them? 15 Aug 2019, 8:45am Updated Who are the 1% in Britain and are you one of them?
BBC
The IFS asked who are the 1%, how much does it take to get into that bracket, and are some earning so much that even within that single per cent there is a great disparity?
 Like Reply
15 Aug 2019, 8:39am Spend, spend, spend: spirit of Viv Nicholson lives on in high street | Larry Elliott
The Guardian
Consumers are not fretting about Brexit but you can understand why retailers are uneasy over 31 October Viv Nicholson, those with long enough memories may recall, won what was then a small fortune on the football pools in 1961. Asked what she was going to do with the money, she replied: “Spend, spend, spend.” Which she duly did until there was nothing left. The latest
 Like Reply
15 Aug 2019, 8:37am Aston Martin shares plummet to record low
The Guardian
Luxury carmaker worth a fraction of its £19 a share October 2018 listing price Aston Martin Lagonda shares tumbled to a new low on Thursday as pressure continued to mount on the British luxury carmaker amid a broader market rout. Shares in Aston Martin fell by as much as 21% at one stage on Thursday to a record low of 371p – more than 80% lower than
 Like Reply
15 Aug 2019, 8:09am Updated Steve McQueen dune buggy from The Thomas Crown Affair to be sold at auction
The Guardian
Bonhams has outright refused to place an estimate fee on the Hollywood vehicle, though says it fully expects the winning bid to be a significant fee.
 Like Reply
15 Aug 2019, 8:03am Updated Markets slide as China threatens to escalate trade war - business live
The Guardian
Beijing has alarmed investors by threatening counter-measures against the US, threatening to escalate the trade war
 Like Reply
15 Aug 2019, 7:43am UK told to accept US food standards in any trade deal, including chlorination and GM
The Independent
Head of US farming lobby says fears over genetic modification and chlorinated chickens are not based on science. But reality is more complicated
 Like Reply
15 Aug 2019, 7:33am Brexiteers promised a new dawn for UK farming, not agricultural Armageddon | Polly Toynbee
The Guardian
A new report sounds the death knell for Britain’s farms in the event of no deal. It’s not the vision our farmers were soldA small flock of sheep are
 Like Reply
15 Aug 2019, 7:29am Stock markets fall after China trade warning
BBC
Stock exchanges in Europe head lower again following a turbulent day of trading on Wednesday.
 Like Reply
15 Aug 2019, 6:40am Online shoppers and Amazon Prime Day boost UK retail sales
The Guardian
Small rise confounds City forecasts as even troubled department stores record increase Online spending boosted UK retail sales last month, while department stores notched up their first increase this year, as consumers shrugged off Brexit fears. The quantity of goods bought rose 0.2% in July, boosted by the annual Amazon Prime Day,
 Like Reply
15 Aug 2019, 5:45am Markets slide after recession fears sparked sell-off
BBC
Stock exchanges in Europe head lower again following a turbulent day of trading on Wednesday.
 Like Reply
15 Aug 2019, 5:26am Department store sales rise for this time this year
BBC
The ONS sales department stores reversed six months of decline by showing a 1.6% rise in July
 Like Reply
15 Aug 2019, 5:11am Updated Markets jittery as recession warnings spook investors – business live
The Guardian
Markets slide across the Asia-Pacific region after the inverted US bond yield curve sent alarm bells ringing around the world
 Like Reply
15 Aug 2019, 5:05am Updated Markets recover after recession fears sparked sell-off
BBC
Stock exchanges in Europe open higher following a turbulent day of trading on Wednesday.
 Like Reply
Britons are refusing to change their cars with used vehicle sales also stalling 15 Aug 2019, 4:15am Updated Britons are refusing to change their cars with used vehicle sales also stalling
BBC
Used car sales have fallen annually by almost two per cent so far in 2019, official data from the Society of Motor Manufacturers and Traders shows.
 Like Reply
UK hotspots for cars deemed too lethal for the road 15 Aug 2019, 4:08am Updated UK hotspots for cars deemed too lethal for the road
BBC
More than 40,000 motorists have been prosecuted for driving cars in the UK that are deemed too dangerous for the road in the last four years, a new study has revealed.
 Like Reply
15 Aug 2019, 3:47am Trump foolishly thinks gold standard will usher in a golden age
The Guardian
The president’s nominee for the Fed believes pegged exchange rates will fix the US trade deficit. Not so There are now scores of efforts to psychoanalyse the US president Donald Trump’s nomination of Judy Shelton to the Federal Reserve board. Some emphasise Shelton’s fidelity as an early adviser to the Trump campaign. Others point to her conversion into “
 Like Reply
15 Aug 2019, 3:35am Updated Do we need to worry about banana blight?
BBC
A fungal banana disease that experts describe as a serious threat to production has reached Colombia.
 Like Reply
15 Aug 2019, 3:31am Olympics power firm Aggreko challenged to cut carbon
BBC
The Glasgow-based company, which also powers Glastonbury, is increasing its use of solar technology and storage batteries.
 Like Reply
15 Aug 2019, 3:19am Updated Shares fall steeply in Asia as financial markets rocked by recession warnings – business live
The Guardian
Markets slide across the Asia-Pacific region after the inverted US bond yield curve sent alarm bells ringing around the world
 Like Reply
What are the best places to retire in Britain? 15 Aug 2019, 2:44am What are the best places to retire in Britain?
The Guardian
Plymouth, Devon is the most desirable city in Britain for retirees due to its affordable homes and plentiful parks and churches, new research reveals.
 Like Reply
Who inherits when a family member dies without a will? 15 Aug 2019, 2:43am Who inherits when a family member dies without a will?
The Guardian
My 78-year-old brother died without leaving a will. He had no children and was divorced from his wife. Lawyer Gavin Holt explains the order of inheritance in such cases.
 Like Reply
14 Aug 2019, 11:18pm Recession fears prompt selling in global stock markets
BBC
Investors dump stocks in favour of safer assets as concerns over the health of the global economy grow.
 Like Reply
14 Aug 2019, 8:48pm Updated Share markets tumble as recession fears grow
BBC
Wall Street slides 3% on trade war fears, as president Trump calls US central bank chief "clueless".
 Like Reply
Fears of global recession stalk stock markets amid German and Chinese woes 14 Aug 2019, 7:54pm Updated Fears of global recession stalk stock markets amid German and Chinese woes
BBC
Falls in the FTSE 100 index and FTSE 250 were echoed around the world with shares in Germany, France and Italy on the slide.
 Like Reply
14 Aug 2019, 7:02pm UK must accept US food standards in trade deal, says farm chief
BBC
Fears over practices like chlorine-washing chicken are unfounded, says the head of America's farm lobby.
 Like Reply
14 Aug 2019, 7:01pm Monzo launches short-term loans for 2.5m customers
The Guardian
Challenger bank insists it is not targeting customers who usually turn to payday lenders Digital bank Monzo is dipping its toes into the short-term loans market a year after
 Like Reply
14 Aug 2019, 7:01pm Germany steels itself to face recession threat
BBC
Europe's largest economy has seen one quarter of contraction and further shrinkage is feared.
 Like Reply
On the top

Date settings

Today is Friday, January 24, 2020

+ 1 -
+ 1 -
+ 2016 -

Close

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

Accept