Back Business Tuesday, July 20, 2021
Search Sections 20 Jul
Close
Advertisement
Savers can beat state pension pot age hike thanks to loophole  20 Jul 5:45pm Updated Savers can beat state pension pot age hike thanks to loophole 
BBC
HM Revenue & Customs yesterday confirmed that the minimum age at which a saver will be able to access their pension pot will rise from 55 to 57. The change will come into force in April 2028.
 Like Reply
Banking giants finally get the green light to pay dividends again 20 Jul 5:45pm Updated Banking giants finally get the green light to pay dividends again
BBC
Better than expected economic data is finally starting to breathe signs of life into the big banks. Lloyds and NatWest are up 30 per cent and 28 per cent since January, with Barclays up 15 per cent.
 Like Reply
Building societies launch better-paying branch-based savings accounts 20 Jul 5:45pm Updated Building societies launch better-paying branch-based savings accounts
BBC
While none of the new deals can match the rate of inflation, which leapt to 2.5 per cent in June, they offer a much better chance of shielding your money than the 0.01 per cent paid by High Street banks.
 Like Reply
20 Jul 5:42pm Netflix to include mobile games for subscribers
BBC
The firm said on Tuesday that the "time is right to learn more about how our members value games".
 Like Reply
20 Jul 5:11pm Netflix blames pandemic as it misses growth forecasts
The Guardian
Company adds only 1.54m subscribers in last quarter, citing post-lockdown decline in interest and Covid-related production hitches Netflix missed its growth forecasts in the last quarter, blaming a post-lockdown decline in interest in the streaming service and a Covid-related slowdown in new productions. The company added 1.54 million new subscribers, below the 1.75 million analysts had expected and a fraction of the 10 million it added in the second quarter a year earlier, when much of the world was in lockdown.
 Like Reply
Netflix turns to video games in battle to reverse subscriber slowdown 20 Jul 5:01pm Netflix turns to video games in battle to reverse subscriber slowdown
The Guardian
Jerusalem-based drama Shtisel (pictured) has been a hit show for streaming giant Netflix and while the US tech giant is still gaining paying customers it is doing so at a far slower rate.
 Like Reply
VICTORIA BISCHOFF: We need hot tips for cold callers  20 Jul 5:00pm VICTORIA BISCHOFF: We need hot tips for cold callers 
The Guardian
Could it really be true that fraud cases are spiralling because we are too polite to hang up on cold callers? Two major banks - Santander and Marcus by Goldman Sachs - certainly think so.
 Like Reply
Take the sting out of a PING: Know YOUR rights when you get the alert? 20 Jul 5:00pm Take the sting out of a PING: Know YOUR rights when you get the alert?
The Guardian
After restrictions were eased this week, the Government is expecting a surge in demands to self-isolate from the contact-tracing app, which has been downloaded more than 26 million times.
 Like Reply
20 Jul 4:38pm Updated Covid: Officers told not to check green and amber arrivals, union says
BBC
Passenger locator forms and mandatory tests will not be routinely reviewed in England, a union claims.
 Like Reply
20 Jul 3:12pm Backlash as pinged staff rules called unworkable
BBC
Exemptions will be "considered on a case-by-case basis", but firms warn time is not on their side.
 Like Reply
20 Jul 3:06pm Apollo lands with the frontrunner in Morrisons takeover mission
The Guardian
By dropping solo bid plan and teaming up with Fortress, private equity firm is just one of the crew Private equity firms and their co-riders love a consortium mashup, so one can’t be surprised that
 Like Reply
20 Jul 2:22pm HGV licence fast-track won’t stop UK food shortages, industry warns
The Guardian
Grant Shapps told plans won’t solve lorry driver shortage for months, amid calls for EU drivers to return Government plans to tackle the UK’s
 Like Reply
20 Jul 1:56pm No 10 rebuked for failure to list ‘critical workers’ exempt from quarantine
The Guardian
Ministers face repeated calls to clarify in which jobs people can avoid isolation if fully vaccinated
 Like Reply
20 Jul 1:41pm The Guardian view on Britain’s wealth divide: a gap becomes a chasm | Editorial
The Guardian
Higher taxes on assets are needed if post-Covid challenges are to be met As much of the nation focused with growing trepidation on “freedom day” last week, an eye-opening
 Like Reply
20 Jul 1:38pm South Carolina State University forgives loans of 2,500 former students
The Guardian
HBCU helps those forced to give up by financial hardship Acting president cites financial devastation caused by pandemic A university in South Carolina is forgiving the student loans of over 2,500 students who stopped attending school because of financial hardship. South Carolina State University, the state’s only public Historically Black College or University (HBCU), announced last week that the school was automatically clearing the loan accounts of students who have not registered for classes or who dropped out entirely because they could no longer afford college.
 Like Reply
20 Jul 1:05pm Nike trainer output at key factory hit by Covid outbreak
BBC
Nike could run out of its Vietnamese-made trainers because of a rise in Covid infections in the region.
 Like Reply
20 Jul 11:30am Updated HMV owner: UK must fix business rates or risk more shop closures
The Guardian
Group keen to return to putting on events, with Ed Sheeran booked to play free concert next month
 Like Reply
On your bike! The Dutch bicycle hire firm getting Britain peddling again 20 Jul 11:27am On your bike! The Dutch bicycle hire firm getting Britain peddling again
The Guardian
Swapfiets (Swap Bikes in Dutch) is a bicycle hire firm where customers can rent bikes from £12.90 per month, rising to £14.90 for a more luxurious model and £75-a-month for an ebike.
 Like Reply
20 Jul 11:24am Updated Travel firms lose court bid on traffic light list
BBC
Decisions taken by the government on the traffic light travel list were not unlawful, judges rule.
 Like Reply
20 Jul 11:18am Updated Pound hits five-month low vs dollar and bitcoin drops amid Covid-19 worries – business live
The Guardian
Rolling coverage of the latest economic and financial news
 Like Reply
20 Jul 10:25am Sugar and salt tax will add £160 a year to grocery bills, industry warns
The Guardian
Poorest families could be hit hardest by plans to pass on costs of anti-junk food policies to manufacturers Annual grocery bills will rise by £160 a year if the UK government passes on the cost of its new policies on recycling and advertising of sugary and salty snacks, industry leaders have warned. Poor families will be hit hardest with an 11% increase in the cost of their shopping, the equivalent of their entire yearly spend on fresh vegetables, said the Food and Drink Federation.
 Like Reply
20 Jul 9:43am Blue Origin launch: Bezos rides rocket on company’s first flight with passengers
The Guardian
Billionaire launches from West Texas with his brother, an 18-year-old and an 82-year-old female aviation pioneer
 Like Reply
20 Jul 9:40am Updated City watchdog clamps down on debt firms over quality of advice
The Guardian
Five firms stop handing out recommendations after FCA identifies potential conflict of interest in debt solutions The City regulator has clamped down on debt firms after finding some were potentially profiting from poor advice that was putting financially vulnerable people at risk.
 Like Reply
20 Jul 9:26am Why is Bezos flying to space? Because billionaires think Earth is a sinking ship | Hamilton Nolan
The Guardian
He and his fellow space-obsessed billionaires are exactly like the rich men aboard the Titanic who pushed others aside to jump into lifeboats Jeff Bezos is the most reptilian of billionaires. His heart has never shown evidence of a drop of warm blood. Despite all of the public relations that money can buy, his discomfort with normal human emotion shines through every time he is forced to contort his face into a squinting, uncomfortable smile. It seems overwhelmingly likely that once he gets to space, he will peel back the skin from his bald pate like the creatures in
 Like Reply
Ombudsman slams DWP failures in telling women about pension age delay 20 Jul 9:21am Updated Ombudsman slams DWP failures in telling women about pension age delay
The Guardian
Women Against State Pension Inequality said the findings reinforced what it unfortunately knew all along. and has renewed calls for compensation to women who were affected.
 Like Reply
20 Jul 9:13am Blue Origin launch: Bezos rides rocket on company’s first flight with people
The Guardian
Billionaire launches from West Texas with his brother, an 18-year-old and an 82-year-old female aviation pioneer
 Like Reply
20 Jul 9:11am Nike halts footwear production due to Covid outbreak
BBC
Nike could run out of its Vietnamese-made trainers because of a rise in Covid infections in the region.
 Like Reply
20 Jul 9:05am No 10 refuses to rule out Covid passports for entry into pubs
The Guardian
Spokesperson says PM is ‘not keen’ on mandating passes for entry to pubs but adds: ‘We will want to consider the evidence’
 Like Reply
20 Jul 8:35am Updated EasyJet urges UK to extend green list as it increases flights to 60% of pre-Covid levels
The Guardian
Airline has also added new routes including Malta after changes in UK’s green list countries
 Like Reply
20 Jul 8:24am US condemns China for ‘malicious’ cyberattacks, including Microsoft hack
The Guardian
Justice department charged four Chinese nationals with hacking as Washington accused Beijing of threatening national security The US has led allies in a sharp condemnation of China for “malicious” cyberattacks, including
 Like Reply
20 Jul 8:10am Updated EasyJet lost £3.5 million per day through spring 2021
The Independent
One out of three seats was empty between April and June
 Like Reply
20 Jul 7:56am Covid: Food industry calls for isolation rules exemption
BBC
Several industries are lobbying the government for their staff to be classed as critical workers.
 Like Reply
20 Jul 7:15am Updated HMV backs High Street with plans for 10 new stores
BBC
The music chain's owner says people love shopping and want to touch goods before buying.
 Like Reply
Beware the crypto scammers: Fraudsters fleece British couple of £15k 20 Jul 6:32am Beware the crypto scammers: Fraudsters fleece British couple of £15k
BBC
The couple were duped by a fake bonus offer from a scammer pretending to work for Coinbase, shortly before the crypto platform went public in New York.
 Like Reply
20 Jul 6:16am Updated FTSE 100 rebounds but bitcoin slides amid Covid-19 worries – business live
The Guardian
Rolling coverage of the latest economic and financial news
 Like Reply
20 Jul 6:13am The Democrat blocking progressive change is beholden to big oil. Surprised? | Alex Kotch
The Guardian
Joe Manchin owns millions of dollars in coal stock, founded an energy firm and Exxon lobbyists brag about their access to him. Republicans fundraise on his behalf As “thousand-year” heat waves
 Like Reply
Millions of mobile phone users left out of pocket as 71% use less data than they purchase 20 Jul 6:08am Updated Millions of mobile phone users left out of pocket as 71% use less data than they purchase
The Guardian
Mobile phone users in Britain are being left out of pocket each month with 71% using less data than they actually purchase, new research has revealed.
 Like Reply
Fight rip off summer family activity and childcare charges with these 14 money-saving tricks 20 Jul 6:06am Updated Fight rip off summer family activity and childcare charges with these 14 money-saving tricks
The Guardian
Finding affordable things to do as well as reducing the cost of extortionate childcare costs can be difficult, but it's not impossible. Here's 14 tips to ensure you don't break the bank this summer
 Like Reply
20 Jul 6:00am ‘Reckless’: G20 states subsidised fossil fuels by $3tn since 2015, says report
The Guardian
Support for coal, oil and gas remains high despite pledges to tackle climate crisis The G20 countries have provided more than $3.3tn (£2.4tn) in subsidies for fossil fuels since the Paris climate agreement was sealed in 2015, a report shows, despite many committing to tackle the crisis. This backing for coal, oil and gas is “​​reckless” in the face of the escalating climate emergency, according to the report’s authors, and urgent action is needed to phase out the support. The $3.3tn could have built solar plants equivalent to three times the US electricity grid, the report says.
 Like Reply
20 Jul 5:10am UK supermarkets’ online sales fall despite Euro 2020 alcohol surge
The Guardian
Shoppers return to physical stores as restaurants, pubs and non-essential shops reopen Online grocery sales by UK supermarkets declined year on year for the first time ever in the four weeks to 11 July, as lockdown easing resulted in shoppers returning to physical stores and restaurants, bars, pubs and cafes were able to trade both indoors and outside. The reopening of most hospitality venues and non-essential shops led to a 2.6% year-on-year decline in online sales, as 81,000 fewer people chose to buy their groceries that way than in July 2020 when the UK was in full lockdown.
 Like Reply
20 Jul 5:00am Companies claim there’s a labor shortage. Their solution? Prisoners
The Guardian
Worker advocates say prison labor programs exploit workers with few options as bosses refuse to raise wages to attract employees Some employers around the US are responding to perceived worker shortages in their industries by pursuing cheap sources of labor, such as people currently or formerly in prison. During a recent industry conference, a Waste Management Services executive
 Like Reply
Care home provider Anchor Hanover issues £350m sustainability bond 20 Jul 4:19am Updated Care home provider Anchor Hanover issues £350m sustainability bond
The Guardian
'We have ambitious plans to meet the increasing needs of older people in a sustainable way,' chief financial officer Sarah Jones said.
 Like Reply
20 Jul 4:12am Updated Covid: Asia follows global shares slide amid recovery fears
BBC
Stocks in Asia follow Monday's falls, but shares in Europe make a brighter start on Tuesday.
 Like Reply
20 Jul 4:05am Apollo in talks to join Fortress-led £6.3bn takeover of Morrisons
The Guardian
Move by US private equity firm reduces chance of takeover battle for UK supermarket group The US private equity firm Apollo Global Management is in talks to join a consortium led by Fortress Investment Group that has agreed a £6.3bn takeover of the British supermarket group Morrisons. Apollo, which confirmed it was considering a bid for Morrisons
 Like Reply
20 Jul 3:41am EasyJet increases flights to 60% of pre-Covid levels
The Guardian
Airline has also added new routes including Malta after changes in UK’s green list countries EasyJet is to ramp up the number of flights it operates to 60% of pre-pandemic levels during the summer holiday season, and has added new routes including Malta in response to rising customer demand. The low cost airline will operate up to 1,400 flights a day between July and September. On Monday, it ran 1,000 flights.
 Like Reply
Transport minister hints electric car grant will be scrapped entirely 20 Jul 3:31am Updated Transport minister hints electric car grant will be scrapped entirely
The Guardian
The Government in March slashed the Plug-in Car Grant, reducing both the subsidy amount by £500 to £2,500 and eligibility for models up to £35,000. The move was lambasted by industry insiders.
 Like Reply
20 Jul 3:15am Prospect of Morrisons bidding war recedes
BBC
US investment firm Apollo, which was considering making an offer, has now changed its mind.
 Like Reply
20 Jul 3:00am HMV at 100: ‘I worry it will go bust for good. It’s not going to get easier’
The Guardian
In July 1921, HMV opened and brought pop culture to the high street. It has weathered the arrival of downloads and streaming – but is vinyl enough to keep it going? A once-illuminated sign featuring a Jack Russell called Nipper sits above some hoardings on Oxford Street in London. Head cocked to one side, he appears disappointed that there’s no music emerging from the gramophone he’s quizzically scrutinising. There’s still a poster claiming it’s been the “home of entertainment since 1921”, but it’s reportedly now home to squatters, including
 Like Reply
The most viewed rental homes on Zoopla dominated by coastal spots 20 Jul 2:38am The most viewed rental homes on Zoopla dominated by coastal spots
The Guardian
Coastal properties are among the most viewed homes to rent online, with those having good access to a beach featuring high on the list.
 Like Reply
Best fixed savings deals: Rates begin to nudge higher 20 Jul 2:36am Best fixed savings deals: Rates begin to nudge higher
The Guardian
Average fixed rates rose monthly for the first time since October 2020, according to Moneyfacts, while choice grew to the highest number seen this year.
 Like Reply
20 Jul 2:00am Uber charged me £332 for a 1.75-mile trip home
The Guardian
I can’t persuade the ride-hailing company something is wrong even though its bill is absurd
 Like Reply
MARKET REPORT: Top shareholders shun £1.4bn bid for Spire Healthcare 19 Jul 8:10pm Updated MARKET REPORT: Top shareholders shun £1.4bn bid for Spire Healthcare
The Independent
Spire's Australian rival Ramsay Health Care had tabled a 250p-per-share bid for the mid-cap hospital group. But two of Spire's biggest shareholders - Fidelity and Toscafund - rebelled.
 Like Reply
Fears over the Delta Covid variant see £54bn wiped off the FTSE100 19 Jul 8:09pm Updated Fears over the Delta Covid variant see £54bn wiped off the FTSE100
The Independent
The UK's leading share index fell 2.3 per cent. The plunge followed steep drops overnight in Asia and in Paris and Frankfurt the Cac 40 and the Dax were both down by more than 2 per cent.
 Like Reply
ALEX BRUMMER: Beijing games the system to poach homegrown UK talent 19 Jul 8:09pm Updated ALEX BRUMMER: Beijing games the system to poach homegrown UK talent
The Independent
As the biggest outside investor in Sheffield-based gaming group Sumo, the £920m bid by Hong Kong-quoted Tencent cannot be regarded as a total surprise.
 Like Reply
Fashion icons Zegna and Etro fall as spacs and private equity swoop  19 Jul 8:08pm Updated Fashion icons Zegna and Etro fall as spacs and private equity swoop 
The Independent
Zegna will go public in a £2.3bn Spac deal in New York later this year. Private equity firm L Catterton, which is backed by LVMH, has agreed to buy a 60 per cent stake in Etro (worn by model, pictured).
 Like Reply
Sir Martin Sorrell toasts his comeback at booming S4 Capital   19 Jul 8:08pm Updated Sir Martin Sorrell toasts his comeback at booming S4 Capital  
The Independent
Sir Martin Sorrell's outfit S4 Capital said in a trading update that sales and profits had surpassed expectations this summer. Sorrell (pictured) set up S4 just months after leaving WPP in 2018.
 Like Reply
19 Jul 7:01pm David Cameron showed ‘significant lack of judgment’ on Greensill, inquiry finds
The Guardian
Commons finds ex-PM did not break lobbying rules by bombarding ministers with messages – but only because rules are too weak David Cameron’s
 Like Reply
19 Jul 7:01pm National Grid to lose Great Britain electricity role to independent operator
The Guardian
New controller will be part of overhaul to make the energy system ‘fit for the future’ The government plans to strip National Grid of its role keeping Great Britain’s lights on as part of a proposed “revolution’” in the electricity network driven by smart digital technologies. The FTSE 100 company has played a role in managing the energy system of England, Scotland and Wales for more than 30 years (Northern Ireland has its own network). It is the electricity system operator, balancing supply and demand to ensure the electricity supply. But it will lose its place at the heart of the industry after government officials put forward plans to replace it with an independent “future system operator”.
 Like Reply
19 Jul 7:01pm Government sets up £375m fund for ‘gamechanging’ UK tech firms
The Guardian
Future fund scheme will see the Treasury co-invest with private enterprise in bid to make UK a ‘science superpower’ Fast-growing firms working on “gamechanging”
 Like Reply
On the top

Date settings

Today is Saturday, September 25, 2021

+ 1 -
+ 1 -
+ 2016 -

Close

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

Accept