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Wednesday, November 13, 2019
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13 Nov 2019, 2:12pm JD Wetherspoon pubs boss brews up a storm over governance
The Guardian
Tim Martin’s musings on corporate governance and tick-box culture is typically thought-provoking Tim Martin at JD Wetherspoon writes some entertaining chairman’s rants and, if you skip the sermons on Brexit, he is reliably thought-provoking. Here’s
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13 Nov 2019, 1:48pm Updated McCluskey tells Corbyn to defy calls to extend freedom of movement
The Guardian
Unite leader also urges shadow cabinet to keep quiet about second Brexit referendum
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13 Nov 2019, 12:48pm Top 1% of earners in UK account for more than a third of income tax
The Guardian
Tax revenues ever more reliant on small group of high earners, says Institute for Fiscal Studies The
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13 Nov 2019, 12:41pm Updated Royal Mail wins high court injunction to stop postal strike
The Guardian
CWU members had backed industrial action in the run-up to Christmas Royal Mail has won a high court injunction preventing the first national postal strike in a decade, which it said could have disrupted postal voting in the general election. The Communication Workers Union (CWU) said it would appeal against the injunction after it was granted in London’s high court on Wednesday.
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13 Nov 2019, 10:51am Mulberry reports £11m losses despite efforts to win younger customers
The Guardian
UK sales fall after department store discounts, but brand says growth in Asia has accelerated Losses at the luxury British brand
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13 Nov 2019, 10:13am Updated UK inflation hits three-year low; London house prices fall again – business live
The Guardian
Consumer prices index inflation falls to 1.5%, in a boost to households, thanks to lower energy bills
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13 Nov 2019, 9:18am Value of British Land retail properties slides by over 10%
The Guardian
Owner of Meadowhall and Drake Circus malls writes down portfolio to £4.8bn amid rising costs across sector British Land, which owns shopping centres including Sheffield’s Meadowhall and Drake Circus in Plymouth, has had nearly £600m wiped off the value of its retail empire over six months. It also reported a bigger half-year loss due to torrid conditions in the retail industry. The property company has written down the value of its retail investments by 10.7% to £4.8bn in its latest financial results, which cover the first half of the year. The drop comes after an 11.1% write-down in the 12 months to 31 March.
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13 Nov 2019, 9:13am British Gas owner wins high court fight over energy price cap
The Guardian
Centrica challenged regulator Ofgem over how it calculated cap on energy prices Centrica, the owner of British Gas, has won a court battle with the energy regulator after the watchdog made an 11th-hour change to price cap calculations, which dealt a £70m blow to the supplier. Britain’s biggest energy supplier pledged
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13 Nov 2019, 8:30am HSBC to let customers block spending on gambling websites
The Guardian
Bank says 24-hour cooling-off period will give problem gamblers time to reconsider HSBC will allow customers to prevent themselves from spending money with bookmakers and online casinos, as it becomes the latest bank to introduce measures intended to help
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13 Nov 2019, 6:00am Black Facebook staff describe workplace racism in anonymous letter
The Guardian
A group of Facebook workers say they are treated as if they ‘do not belong’ at the company One year after a former Facebook manager accused the company of having “a black people problem” –
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13 Nov 2019, 5:18am UK inflation hits three-year low thanks to energy cap – business live
The Guardian
Consumer prices index inflation falls to 1.5%, in a boost to households, thanks to lower energy bills
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13 Nov 2019, 4:31am Tesla cites Brexit as Germany chosen over UK for European plant
The Guardian
US electric carmaker will build battery factory in Berlin, says boss Elon Musk Tesla’s boss Elon Musk has said Brexit uncertainty played a role in the firm’s decision to build
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13 Nov 2019, 2:00am Bribed … the key to gaining coveted ‘Amazon’s Choice’ label
The Guardian
We were offered a voucher in return for posting a five-star review
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13 Nov 2019, 2:00am Apple’s ‘sexist’ credit card isn’t just a PR problem – it’s a nightmare for us all | Arwa Mahdawi
The Guardian
Men including Apple co-founder Steve Wozniak have been awarded significantly more credit that their wives. It’s a bleak insight into our algorithmic future What is white, fragile and sexist? There are innumerable answers to that question, but the one I’m looking for in this instance is the Apple Card. The tech giant released its first branded credit card, managed by Goldman Sachs, earlier this year. The fancy titanium card is famously delicate; Apple has warned people not to store it in a leather wallet because it is easily damaged. As it turns out, the card seems to be as allergic to women as it is to leather. Last week, David Heinemeier Hansson, a high-profile tech entrepreneur, tweeted that the card was “sexist” because it gave him 20 times more credit than his wife – seemingly for the sole reason of his gender. Hansson’s tweet went viral and Apple’s co-founder Steve Wozniak chimed in to say that he had also been given a much higher credit limit than his wife, even though the pair have no separate cards, accounts or assets. New York regulators are now investigating the claims of discrimination.
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13 Nov 2019, 1:30am Fairbnb.coop launches, offering help for social projects
The Guardian
Fears about overtourism have prompted the new holiday rental website to ban properties owned by businesses and donate 50% of commission to community projects Ethical holiday rental website Fairbnb.coop has launched its reservations system offering travellers a chance to book in at city apartments that support community projects. The site aims to be a marketplace for “authentic, fair and conscious tourism” and promises to donate 50% of its commission to social projects selected by local residents. “In Amsterdam the money will go to a community gardening project in the north and an urban agriculture project for migrant women in the south-east – both poorer parts of the city,” said
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13 Nov 2019, 1:01am Mars to launch vegan Galaxy bar
The Guardian
Plant-based alternative to milk chocolate a first by mainstream confectioner Mars is to launch a
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13 Nov 2019, 1:00am The controversial plan to redevelop Checkpoint Charlie
The Guardian
Three decades after the Berlin Wall fell, the crossing is a mess of souvenir shops and fast-food restaurants – and time is running out to change things It was the most famous border crossing in the Berlin Wall, the official gateway for allied diplomats, military personnel and foreigners to enter communist East Berlin by road. And in 1961, Checkpoint Charlie seized the world’s attention when a diplomatic spat about allied forces’ freedom to travel in East Berlin quickly escalated and saw Soviet and American tanks squaring up to one another. The world watched aghast, fearful of a third world war, as a formidable flock of superpower tanks rolled towards the border, standing just 100 yards apart.
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12 Nov 2019, 7:01pm Climate change: do more now or risk catastrophe, warns energy agency
The Guardian
IEA says deep disparity between words and action on climate change risks failing to cap global temperatures The world’s existing climate policies will not be enough to end the upward march of record energy emissions rising beyond 2040 without a “grand coalition” of governments and investors, according to the global energy watchdog. The International Energy Agency said carbon emissions from
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12 Nov 2019, 7:01pm Half of new FTSE 100 chiefs must be women to hit gender target
The Guardian
Official review says step change in top appointments needed in 2020 at UK’s biggest listed firms One in every two FTSE 100 executive appointments over the next year will have to go to a woman
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