EconomyLoop
where regional business news becomes global to everyone

Ryanair sacks six cabin crew after 'staged' photo sleeping on airport floor

The staff members involved were moved to a VIP lounge in Malaga airport, the airline saysRyanair has sacked six cabin crew staff after they allegedly staged a photo showing themselves sleeping on an airport floor.The staff were accused of gross misco... read more

 The Guardian38 days ago

     
HOPE seeks £2m investment as reinvents fashion for older women

UK fashion brand Hope, a beacon for older women seeking to update their look with chic, comfortable and coordinated creations, aims to raise £2 million for scaling development and distribution.... read more

 Daily Express38 days ago
Mulberry blames high street crisis for widening losses

Sales fall 8% while debts from House of Fraser collapse and fewer tourists adds to half-year loss of £8.2mThe luxury handbag maker Mulberry has blamed tough high street conditions and the collapse of House of Fraser for widening first half losses.The... read more

 The Guardian38 days ago
The innovative Finance ISA: Don't waste your savings with a bank

BRITISH PEARL offers savers the chance to earn interest... read more

 Daily Express38 days ago
ITV shares hit the skids as Love Island and X Factor broadcaster suffers drop in advertising sales

Blaming 'the increasingly uncertain environment', ITV said it expects its advertising revenues to be down around 3 per cent in the fourth quarter and broadly flat for the year.... read more

 Daily Mail38 days ago
Traditional retailers roll back Christmas advertising campaigns

ITV says it expects fall of up to 8% in festive advertising spend, prompting fall in share priceHigh street retailers are rolling back on the traditional festive season TV advertising bonanza, with ITV saying it is braced for a fall in advertising sp... read more

 The Guardian38 days ago
Persimmon boss Jeff Fairburn to quit over £75million bonus row

Persimmon CEO Jeff Fairburn will stand down from the company on December 31 following a major political row surrounding his £75 million pay and bonus award from the house builder.... read more

 Daily Mail38 days ago
Wetherspoons sales still growing strongly but pub chain warns a slowdown is looming

Pub group JD Wetherspoon expects annual results to be weaker than the previous year, despite sales growing 'strongly'.... read more

 Daily Mail38 days ago
Wetherspoon may raise drink prices to absorb higher wages

Share price drops as chain also announces boss and founder Tim Martin is recovering from a burst appendixJD Wetherspoon may raise its prices in the coming months as the pub chain warned of weaker trading, higher staff costs and said its founder and c... read more

 The Guardian38 days ago
Sir Charlie Mayfield to leave John Lewis Partnership in 2020

Search for new boss comes as profits dip amid rising costs and shift towards online shoppingThe John Lewis Partnership is searching for a new chair after it announced Sir Charlie Mayfield will step down in 2020.The group, which owns Waitrose and the ... read more

 The Guardian38 days ago
House price growth at its slowest for five years, Halifax says

Sellers are realising first offer they receive could well be their only one, analyst saysAnnual house price growth has fallen to its lowest rate in more than five years, according to Halifax.Across the UK, house prices increased by 1.5% annually in O... read more

 The Guardian38 days ago
M&S sales slip as boss says culture is 'slow, and hierarchical'

'Reading through M&S’s latest half year results is like taking a cold shower. The company is ruthlessly honest about the massive challenge it faces', Tom Stevenson of Fidelity Personal Investing said.... read more

 Daily Mail38 days ago
Middle-aged workers are approaching their retirement years 'with a blindfold on'

Last year, the average amount saved by an individual into a workplace pension stood at £5,110 for the entire year, thought-provoking research from Aviva shows.... read more

 Daily Mail38 days ago
Ryanair passengers face £55 fee if they fail to check-in online as airline takes website down

Ryanair has refused to waive its £55 charge for passengers who check in at the airport, despite shutting down its website for 12 hours.... read more

 Daily Mail38 days ago
Pound US dollar exchange rate: GBP/USD reaches $1.31 as deadlock looms in Washington

At the time of writing the GBP/USD exchange rate has climbed to $1.315, up 0.3 percent from today’s opening rate, having risen roughly a cent in the last 24 hours. The US dollar has fallen across the board this morning, dropping to a three-week low a... read more

 Daily Express38 days ago
Pound-euro exchange rate: Sterling reaches 4-month high as Macron calls for a “Euro army”

The pound is trading at a rate of €1.146 against the euro this morning, which is practically unchanged on the day, but remains close to the four-month high struck yesterday. With the Italian budget deadlock continuing to rumble on without a solution ... read more

 Daily Express38 days ago
This British-designed £90k electric Arc Vector motorbike is a glimpse into the future of riding

The jacket alerts the rider to dangers around them and the helmet projects vital information, such as their speed, revs and a rear view camera on the visor to make you feel like Iron Man on a bike.... read more

 Daily Mail38 days ago
First drive of BMW's new sporty Z4 convertible ahead of its UK arrival next spring

When the first photographic images of the Z4 emerged, it split opinion as something of an ugly duckling. But up close in the metal, it grows on you as something of a regal swan.... read more

 Daily Mail38 days ago
Dollar falls and shares surge as markets brace for gridlock after US elections - business live

Financial experts believe Donald Trump’s plans for infrastructure spending and tax cuts will be “curtailed”, now the Democrats control the House of RepresentativesIntroduction: US dollar hit by midterm election resultsBut shares rally as Trump has hi... read more

 The Guardian38 days ago
Some 124 New Look stores at risk as sales slump but Primark bucks the High St gloom

The fashion retailer said 85 have already closed but more may follow. It previously planned to shut only 60 stores. New Look’s revenues tumbled 4.2 per cent to £656.9m in the 26 weeks to September.... read more

 Daily Mail38 days ago
House prices rise at slowest pace since April 2013, says Halifax

Britain’s biggest mortgage lender Halifax said house prices were up just 1.5 per cent annually in October – down from the 2.5 per cent figure recorded in September.... read more

 Daily Mail38 days ago
New blow for Marks & Spencer as clothing and food sales dip

CEO Steve Rowe blames ageing customer base, too wide a range of goods, weak supply chain and tired storesMarks & Spencer has suffered fresh falls in its clothing and food sales, with chief executive Steve Rowe promising to leave no “no stone unturned... read more

 The Guardian38 days ago
Persimmon boss asked to leave amid ongoing outrage over bonus

Jeff Fairburn’s 29-year career at housebuilder to end after £75m payout damaged firm’s reputationJeff Fairburn, the controversial chief executive of the housebuilder Persimmon, has been asked to leave the company, which said the ongoing outrage over ... read more

 The Guardian38 days ago
FTSE LIVE: US Democrats regain control of the House of Representatives

In the mid-term US elections, the Democrats regained control of the House of Representatives, but the Senate stayed in the hands of Republicans.... read more

 Daily Mail38 days ago
Pound LIVE: Sterling UP against dollar as US midterm elections strike fear in markets

THE pound is up against the dollar as traders respond to the Democratic Party’s takeover of the US House of Representatives in the Congressional midterm elections.... read more

 Daily Express38 days ago
Wanted: radical economist to boost UK economy. Cash prize: £150k

IPPR launches world’s third biggest economics prize looking to restart UK growthOne of the biggest cash prizes in world economics has been launched to find “radical ideas” to reinvigorate the British economy.Launched against a backdrop of deep public... read more

 The Guardian39 days ago
PayPal snubbed me after a fraudster shut my account

Online bank offered a refund, but then said it couldn’t help as I didn’t have a PayPal accountAn unauthorised transaction was made on my PayPal account and £220 was used to buy a Flightgiftcard. The fraudster then closed my account. PayPal opened an ... read more

 The Guardian39 days ago
VICTORIA BISCHOFF: Scrap this sneaky new death tax

Under plans slipped out on Monday, the cost of getting probate — the legal authority to manage someone's estate — will soar from £215 to as much as £6,000 next April.... read more

 Daily Mail39 days ago
We come in peace: Comcast chief Brian Roberts launches charm offensive after £30bn takeover of Sky

The 59-year-old is on a whistle-stop tour of Sky’s operations in Europe having bought the TV giant from under the nose of Rupert Murdoch’s 21st Century Fox.... read more

 Daily Mail39 days ago
Co-op Bank back in black for first time since its 'Crystal Methodist' chairman's drugs scandal

The lender made £14.3m in the third quarterof the year, marking a significant milestone for the company after it ran into financial trouble in 2013 following the disastrous takeover of Britannia Building Society.... read more

 Daily Mail39 days ago
Tobacco firm Imperial Brands invests in vaping products as customers ditch traditional cigarettes

The Bristol-based firm said it would channel an extra £100m into its Blu ecigarette range in the next six months and is also preparing to launch a heated tobacco product in Japan.... read more

 Daily Mail39 days ago
MARKET REPORT: Gambling crackdown hits William Hill profits as firm downgrades expectations

Shares in the FTSE 250 betting giant slumped 6 per cent, or 12.9p, to 200.7p as it said operating profit would be in the range of £225m to £245m, well below analysts' expectations of £260m.... read more

 Daily Mail39 days ago
British jobs on the line as Germans shut plants amid 'uncertainty surrounding Brexit'

Automotive and industrial supplier Schaeffler said the sites in Plymouth and Llanelli, South Wales, will close within two years. The Plymouth site has 350 staff while there are 220 at the Llanelli plant.... read more

 Daily Mail39 days ago
ALEX BRUMMER: Catching Britain's digital tiger

The transformation of the British business into the digital space knows no bounds. The investment in digital is evident in firms from online estate agent Purplebricks to food-to-the-home firm Deliveroo.... read more

 Daily Mail39 days ago
ON THE BOARD: Former LSE boss Xavier Rolet joins Verseon as a non-executive director

This is the second boardroom role that Rolet has taken on since he was ousted from his position at the helm of LSE a year ago. Verseon shares did not budge, remaining at 106.5p.... read more

 Daily Mail39 days ago
Nottingham BS pulls top 1.55% eSaver deal after just 48 hours after massive demand

The top easy-access account rate is now 1.5 per cent from Marcus by Goldman Sachs. This includes a 0.15 per cent bonus paid for the first 12 months.... read more

 Daily Mail39 days ago
Why a bank merger may risk your cash

Under the Financial Services Compensation Scheme, savers are guaranteed to get the first £85,000 of their savings back in the unlikely event that their bank or building society collapses.... read more

 Daily Mail39 days ago
THE PRUDENT INVESTOR: Can you be sure your pension pot will last if you live to be 100?

Our pensions need to last a long time. If retiring at 65, it’s not so much a case of planning for 20 years as for 35 because, in any couple, there’s a fair chance that one will make it to their late 90s.... read more

 Daily Mail39 days ago
Beware the shameless crooks selling copycat Poppy pins and brooches ahead of Remembrance Sunday

Every year opportunistic fraudsters flog copycat poppy pins and larger brooches, scarves and jewellery to cash in on the charitable cause.... read more

 Daily Mail39 days ago
Daylight robbery! The petty excuses insurers increasingly use to wriggle out of burglary claims

November is typically the busiest month for burglary claims, according to recent research. But many insurers are using the small print in their policies to try to avoid paying up.... read more

 Daily Mail39 days ago
ASK TONY:  Scottish Power are taking unauthorised money from my account... on top of my bills!

Can you put a halt to Scottish Power taking an unauthorised £85.51 from my bank account every other month? It has happened three times, the first one in March.... read more

 Daily Mail39 days ago
Home Office grants 'Scam Marshals' £100k to clamp down postal fraud

Britain's undercover army of scam-busting pensioners is to grow after being given an extra £100,000 funding by the Home Office.... read more

 Daily Mail39 days ago
Virgin Media charged me £240 just for moving home... and all because it doesn't serve my new address

Martin Eldridge had been a loyal Virgin Media customer for 13 years. So when he moved house, he was disappointed to find the telecoms giant could not provide a service at his new home in Dorset.... read more

 Daily Mail39 days ago
Our downsizing dream RUINED... by soaring service charges no one warned us about

Retired engineer Walter Wright and his wife Peggy thought they had found the perfect place to downsize in April 2015, but, since then, the fee has risen by almost 70 per cent.... read more

 Daily Mail39 days ago
Energy bill help poses data risk as 'sticky customers' could be sent emails from rival firms

Plans to share loyal energy customers’ details with other suppliers to help householders switch to better deals may breach data protection rules.... read more

 Daily Mail39 days ago
Lincolnshire farmer trio bags £20million selling independent crisp brand Pipers to US giant Pepsico

A Lincolnshire crisp maker that vowed never to supply the UK’s big supermarkets has been sold to US food and drinks group Pepsico for more than £20million.... read more

 Daily Mail39 days ago
Chinese firms face 5G ban over spying fears as British companies warned to switch mobile suppliers

British telecoms firms could be banned from using Chinese equipment as they build 5G networks amid spying fears.... read more

 Daily Mail39 days ago
DAILY BRIEFING: IHS Markit's index of activity in eurozone plunges to weakest score in over 2 years

IHS Markit’s index of activity in the eurozone, where scores above 50 show growth, fell to 53.1 in October, the weakest since September 2016, as trade tensions and political uncertainty start to bite.... read more

 Daily Mail39 days ago
CITY DIARY: Prince of York and Alibaba founder Jack Ma met to discuss potential investment in UK

Alibaba founder Jack Ma met with the Duke of York for a chat this week in Shanghai where Andrew and Liam Fox are leading a British delegation.... read more

 Daily Mail39 days ago
The Amazon fraud epidemic: More readers billed for goods they never ordered

Amazon shoppers who fall victim to fraud are being routinely fobbed off, we can reveal. In worst cases customers are losing thousands of pounds after being charged for orders they have not made.... read more

 Daily Mail39 days ago