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Wednesday, October 16, 2019
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16 Oct 2:17pm After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley
The Guardian
We expect better than the fan-club tone of the best buy list following its hero’s costly crash and burn What does Hargreaves Lansdown, Neil Woodford’s former cheerleader-in-chief, make of its old hero’s decision
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16 Oct 1:40pm Prospect of Turkish rescue of British Steel raises union concerns
The Guardian
MP fears Turkish military may be ‘enriched on the backs of the labour of UK steelworkers’ Trade union officials and MPs have voiced fresh concerns about the prospect of British Steel being sold to the Turkish military pension fund. Ataer Holdings, owned by the
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16 Oct 1:33pm The Guardian view on the economics Nobel: worthy winners | Editorial
The Guardian
The work of Esther Duflo, Abhijit Banerjee and Michael Kremer on poverty deserved this accolade, but both the prize and the discipline need reformReaders of this paper on 6 June 2011 may have spotted an editorial titled
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16 Oct 12:27pm £250m in limbo as second Neil Woodford fund frozen
The Guardian
Administrator closes Income Focus fund to withdrawals to prevent run on its assets A second investment fund set up by the failed stock picker Neil Woodford has been frozen, locking up more than £250m of savers’ money. The administrator, Link Fund Solutions, said it had closed the Income Focus fund to withdrawals to prevent a run on its assets. The fund’s value has halved to £252m since June, when Woodford’s flagship Equity Income fund
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16 Oct 12:04pm Minister refuses to rule out extending UK benefits freeze
The Guardian
Freeze imposed in 2015 was planned to last until end of 2019-20 financial year The government has refused to commit to ending its freeze on benefits despite a promise to turn the page on a decade of austerity. The work and pensions secretary, Thérèse Coffey, said she could not give a definitive answer about whether the freeze on most working-age benefits and tax credits would continue beyond its initial four-year term.
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16 Oct 11:56am Northern rail could be renationalised, says transport secretary
The Guardian
Grant Shapps says it is not OK for trains to fail to arrive or for Sunday services to be lost The Northern rail network could be renationalised after years of late and cancelled trains, according to the transport secretary, who said the current franchise cannot continue as it is. Grant Shapps
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16 Oct 8:30am Asos profits plunge 68% after tumultuous year of IT chaos
The Guardian
Fashion retailer remains upbeat, insisting warehouse and supply issues are resolved Profits at Asos have plunged by nearly 70% in a tumultuous year during which the former stock market darling’s shares plummeted and the online fashion retailer grappled with IT chaos at its overseas warehouses. Sales rose by 13% to £2.7bn in the year to 31 August, but pretax profits fell by 68% to £33.1m.
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16 Oct 8:30am Global economy faces $19tn corporate debt timebomb, warns IMF
The Guardian
Update on markets lists eight leading countries, including US, China and UK, as vulnerable Low interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the
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16 Oct 6:31am Royal Mail workers: did you vote to strike?
The Guardian
If you’re a postal worker and CWU member who voted in the latest ballot on industrial action, we want to hear from you Royal Mail workers have voted to strike over job insecurity and employment terms and conditions, raising fears there could be walkouts in the run-up to Christmas. Communication Workers Union (CWU) members backed industrial action by 97% in a turnout of almost 76%. The vote could potentially lead to the first national postal strike in a decade.
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16 Oct 6:26am Hays Travel owners offer jobs to 2,000 ex-Thomas Cook staff
The Guardian
John and Irene Hays have also reopened 186 of collapsed tour operator’s 555 high street shops The
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16 Oct 4:12am John Lewis says Peaky Blinders flat caps and Fleabag jumpsuits in demand
The Guardian
Retailer says hit shows on the small screen are having a big effect on sales. The sofa has become the new fashion front row, with cult television shows such as Peaky Blinders, Fleabag and Stranger Things heavily influencing what consumers bought in the past year. The return of charismatic
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16 Oct 4:00am PayPal refused protection as a known fraudster bags my £3,100
The Guardian
I lost my Dior tote and eBay refunded me but PayPal is issuing a chargeback
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16 Oct 3:30am ‘Digital welfare state’: big tech allowed to target and surveil the poor, UN warns
The Guardian
UN’s rapporteur on extreme poverty says in devastating account big tech companies are being allowed to go unregulated in ‘human right free-zones’ and not held accountable
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16 Oct 1:50am CBI admits error in £196bn price tag for Labour plans
The Guardian
Party demands apology from lobby group for using ‘fabricated false information’ on nationalisation The
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15 Oct 7:01pm Northern Powerhouse seeks more control of HS2 rail scheme
The Guardian
Business and city leaders warn of economic damage of cancellation and call for 2012 Olympics-style authority A review of
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