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Wednesday, February 17, 2021
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17 Feb 12:54pm HMRC denies misleading MPs over tax avoidance by its contractors
The Guardian
Commons report claimed tax agency put its reputation ‘ahead of telling the truth’ about loan arrangement schemes A group of MPs has accused HM Revenue & Customs of “misleading” a parliamentary committee, and possibly breaking the civil service code, by withholding “embarrassing” information about how it had engaged at least 15 contractors who used tax avoidance schemes while working for the tax agency. In a report on Wednesday, the all-party group of MPs and peers claimed that HMRC had put the management of its reputation “ahead of telling the truth”.
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17 Feb 11:51am UK house prices rose by 8.5% last year amid stamp duty holiday
The Guardian
Average cost in December, at record £252,000, may also reflect changing property choices in pandemic, says ONS UK
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17 Feb 11:34am Disney+ to launch Star channel aimed at adults
The Guardian
Output will include original shows as well as classics after surge in subscribers during lockdown Disney is hoping to pull in more customers to its
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17 Feb 10:58am Adidas confirms plans to sell Reebok
The Guardian
Decision to offload struggling sportswear brand forms part of five-year growth strategy Adidas has confirmed plans to sell its Reebok brand after 15 years of ownership. Founded in Bolton, Lancashire, in 1958 and now based in Boston, Massachusetts, Reebok was bought by Adidas in 2006 for €3.1bn as part of its efforts to take on Nike.
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17 Feb 10:14am Updated UK inflation rises to 0.7% in January; US retail sales jump – business live
The Guardian
Rolling coverage of the latest economic and financial news
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17 Feb 9:21am Updated Ryanair to challenge EU court ruling on French and Swedish state aid
The Guardian
Irish airline to appeal after losing first round of legal battle over Covid bailouts for rival carriers
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17 Feb 8:35am British American Tobacco profits rise despite drop in sales
The Guardian
Covid crisis affects duty-free cigarettes but demand for vaping kits surges
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17 Feb 8:23am Brexit forces Northern Ireland buyers to cancel orders for 100,000 trees
The Guardian
Exclusive: Ban on plants being moved across Irish Sea is major setback for tree-planting programmes in region Orders for almost 100,000 trees have been cancelled by Northern Ireland buyers because of a post-Brexit ban on the plants being moved from Britain, the Guardian can reveal. Leaders in the business say it is a major setback for tree-planting programmes in Belfast and elsewhere in the region.
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17 Feb 8:16am Updated UK inflation rises to 0.7% in January; biggest house price jump since 2014 – business live
The Guardian
Rolling coverage of the latest economic and financial news
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17 Feb 7:14am Ford plans for all cars sold in Europe to be electric by 2030
The Guardian
US firm to spend $1bn converting plant in Cologne to become its first electric vehicle facility in Europe Ford has pledged that all of its cars on sale in Europe will be electric by 2030, in the latest move by the world’s biggest auto manufacturers to set out plans to move away from polluting internal combustion engines before looming bans on fossil-fuel vehicles across the world.
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17 Feb 6:20am Neil Woodford needs permission to set up new firm, says FCA
The Guardian
City regulator is still investigating collapse of fund manager’s previous business The City watchdog has said that the one-time star investment manager Neil Woodford, whose funds were shut down in 2019, still faces the outcome of a regulatory investigation over the collapse and will need authorisation ahead of his plan to return to the investment management business. In a highly unusual step, issuing a public statement about an individual’s business plans, the
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17 Feb 5:16am Rising inflation unlikely to be headache for Bank of England but will influence policy
The Guardian
How and when to unwind some of emergency stimulus will be on agenda
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17 Feb 4:51am Updated UK inflation rises to 0.7% in January, lifted by furniture and food – business live
The Guardian
Rolling coverage of the latest economic and financial news
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17 Feb 4:42am Rio Tinto to pay out record $9bn in dividends for 2020
The Guardian
Mining group announces further $6.5bn after benefitting from China recovery and high commodity prices
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17 Feb 2:00am Takeaway below our flat has left us in crippling debt
The Guardian
As it’s now a fast-food outlet our buyers can’t get a mortgage and we are paying for two properties
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17 Feb 1:50am US conservatives falsely blame renewables for Texas storm outages
The Guardian
Lawmakers and the Murdoch media target wind and solar but grid operator says fossil fuel generators suffered biggest problems The electricity outages suffered by millions of Texans amid
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17 Feb 12:01am Oil firms should disclose carbon output, says BlackRock
The Guardian
World’s biggest investor wants polluting industries to set targets to cut emissions and reach net zero BlackRock, the world’s biggest investor, has said that oil companies and other polluting industries should disclose their carbon emissions and set targets to cut them, in the latest sign of the rapid reassessment of climate risks by asset managers. All companies in which BlackRock invests will be expected to disclose direct emissions from operations and from energy they buy, known respectively as scope 1 and scope 2 emissions, the investment firm said in a letter outlining its plans.
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16 Feb 11:53pm Bitcoin surges through key $50,000 level in European trading
The Guardian
Cryptocurrency value up 75% since start of year spurred by prominent business people Bitcoin soared through the key $50,000 level on Tuesday for the first time as the growing acceptance of the world’s biggest cryptocurrency among large banks and investment funds continued to draw in mainstream investors. After a meteoric rise in which its value increased by 75% since the start of the year, the currency hit $50,547.70 (£36,320) per coin in European trading at around 12.35 GMT.
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16 Feb 7:01pm Cut VAT for green home improvements and repairs, MPs urge
The Guardian
Environmental audit committee says chancellor must use budget to spur low-carbon growth Ministers should cut VAT on repairs for electrical goods and green home improvements, to help people reduce greenhouse gas emissions in their everyday lives, an influential committee of MPs has urged. Funding for green home grants to install insulation and low-carbon heating, should also be restored to kickstart a “
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