EconomyLoop
where regional business news becomes global to everyone

Netto's UK stores to close as Sainsbury's calls time on joint venture

Up to 400 jobs at risk as UK supermarket decides to focus on its core business Sainsbury’s has ditched its joint venture with the low-cost retailer Netto, putting up to 400 jobs at risk and marking the Danish chain’s second exit from the UK in six ye... read more

 The Guardian5 hours ago

     
Final call for passport boss as activist hedge fund warns De La Rue's chief executive

Crystal Amber is now understood to control about 4 per cent of the British company, up from 3.1 per cent following a high volume of trades on Friday.... read more

 Daily Mail6 hours ago
Quorn creating hundreds of jobs with £7m expansion at its Yorkshire base as sales boom

Quorn said the expansion was necessary thanks to the number of people switching to vegetarian and vegan diets.... read more

 Daily Mail6 hours ago
Family owners of Butlin’s pocket dividends of £100m in just 18 months

The continuing popularity of so-called staycations helped lift profits at Bourne Leisure to £155m in 2017. That year the company paid out £58.8m to shareholders.... read more

 Daily Mail6 hours ago
GlaxoSmithKline’s top scientist to unveil plan for ‘glory days’

Dr Hal Barron, who became chief scientific officer at the pharmaceutical giant in January, is the former research and development president of Google-owned biotech firm Calico.... read more

 Daily Mail6 hours ago
Vast ghost store on the road to nowhere symbolises problems haunting Tesco

Town of Chatteris forced to wait as supermarket chain rethinks expansionist policy by mothballing new storeThe road sign that points shoppers towards the shiny new Tesco superstore on the outskirts of Chatteris in Cambridgeshire has been blacked out ... read more

 The Guardian7 hours ago
'Mini-credit crunch' and China slowdown to hit Australia's budget

State and federal government revenue from commodities and stamp duty is surging, Deloitte says, but trouble is loomingAustralian governments are experiencing a surge in revenue that will be undermined by a slowdown in China and a “mini-credit crunch”... read more

 The Guardian7 hours ago
Beware tobacco firm’s Trojan horses | Letters

Philip Morris’s overture to the NHS is part of a strategy to undermine controls on tobacco, says Sandra MullinPhilip Morris International’s proposition to NHS bodies (World’s biggest tobacco firm under fire over ‘disgraceful’ PR stunt, 19 July) is no... read more

 The Guardian8 hours ago
Cashless future far from certain | Letters

Cash will continue to be a universal form of payment, says Tim Halford, and Hilary Chivall warns against society being totally dependent on electricity for online transactionsCash is dying, contactless is king – we’ve heard it so many times. Voices i... read more

 The Guardian9 hours ago
New Tesco discount chain could launch as early as September

Supermarket group looks to ramp up battle with Aldi and Lidl by opening up to 60 storesTesco is preparing to launch a new discount chain as early as September, as the supermarket ramps up its battle with the discounters Aldi and Lidl.Retail insiders ... read more

 The Guardian9 hours ago
Jacob Rees-Mogg's investment fund launches second Irish fund

New fund was created to meet demand from international investors, according to SCMA second investment fund has been set up in Ireland by the City firm co-founded by Jacob Rees-Mogg, after it warned earlier this year about the financial dangers of the... read more

 The Guardian11 hours ago
United Utilities to pay out almost £181m in dividends to investors

Water firm’s biggest payout in a decade will be made two days before it imposes hosepipe banThe water company United Utilities is to pay out nearly £181m in dividends just two days before it implements a hosepipe ban across the north-west of England.... read more

 The Guardian11 hours ago
Live well with 50p less: Sainsbury’s sales strategy slip up

The supermarket is exhorting staff to get shoppers to spend an extra 50p on every visit – but it accidentally made the plan publicWould you like a crusty poppy seed baton with that? How about a delicious scotch egg or a pair of parsnips? This could b... read more

 The Guardian13 hours ago
Why the UK economy needs a platform 9 ¾ leap of imagination

Harry Potter franchise typifies intangible value Britain has to be more adept at creating. Time to ditch the tangible mindsetTake a walk through King’s Cross station most days of the week, and you will see a crowd of people gathered among the usual r... read more

 The Guardian14 hours ago
UK cinema attendances hit by World Cup and warm weather

Summer box office sales down 20% despite release of Ocean’s 8 and Jurassic Park sequelEngland’s World Cup run and the sweltering weather have hit summer cinema attendance, with UK box office sales slumping 20% since June despite the release of blockb... read more

 The Guardian15 hours ago
Businesses claim it's hard to hire 'good people'. The solution is pretty simple | Gene Marks

Up to 50% of job candidates are ‘ghosting’ their interviews, and employers deserve it – we aren’t paying enoughIf you ask any of my clients what their biggest challenge is this year you’ll likely hear the same thing: finding good people. Related: Sh... read more

 The Guardian15 hours ago
BT Sport channels attract 2 million customers

Telecoms company enjoys rekindling of consumer business with sales rise of 4% in second quarter, the best for 10 yearsBT's multimillion-pound venture into sports broadcasting has rekindled its consumer business, with 2 million viewers now signed up t... read more

 The Guardian15 hours ago
Five-minute guide to... Future of pensions dashboard

EVERYBODY is familiar with the concept of a dashboard, which gives the driver of a car or aircraft an at-a-glance view of all their controls, allowing them to plot a course and check on their progress.... read more

 Daily Express15 hours ago
Clipped wings: Victoria's Secret sales slip as shoppers become less daring

Analysts declared ‘game over’ for lingerie brand as L Brands Inc reported an unexpected drop in June salesVictoria’s Secret’s angel wings aren’t beating as energetically as they once did, but you wouldn’t know that from the company’s flagship store i... read more

 The Guardian16 hours ago
MIDAS SHARE TIPS: Real estate bond launched by Regional Reit offers income over six years

The property group is focused on offices and industrial sites outside the M25. It was only listed on the main market in 2015 but it is run by a group of experienced property experts.... read more

 Daily Mail16 hours ago
London risks losing its banking status, says Beijing chief

Sun Yu, Bank of China’s UK chief executive, demanded clarity over Brexit, saying businesses like his are racking up costs due to the uncertainty in London.... read more

 Daily Mail16 hours ago
Top Japanese official issues ominous warning to Theresa May's Government over Brexit

Shinichi Iida, a minister in the London embassy, said Japanese manufacturers are holding off on committing to the UK with new investments due to the uncertainty.... read more

 Daily Mail16 hours ago
XL Recordings owners share £20m dividend as Adele and Radiohead help label to another strong year

The label said highlights for last year included Radiohead's reissue of OK Computer. It also cited singer Sampha, who won the 2017 Mercury Prize.... read more

 Daily Mail16 hours ago
MIDAS SHARE TIPS UPDATE: Water company Severn Trent promises to end drought for investors

Severn shares have fallen from 2553p last summer to 1900p on Friday. That is still 60 per cent higher than when Midas recommended them in January 2009 at 1189p.... read more

 Daily Mail16 hours ago
Boss of restaurant chain TGI Fridays gets 40pc pay rise despite strike actions by employees

Chief executive Karen Forrester is understood to have seen her remuneration package soar from £260,000 to £365,420.... read more

 Daily Mail16 hours ago
Call for Barclays to pay victims of sex assault doctor

The bank lost a legal bid to escape liability for the claims last week in the Court of Appeal. It is now considering turning to the Supreme Court and it may argue that the action was too late.... read more

 Daily Mail16 hours ago
TONY HETHERINGTON: My Avis hire car was stolen but I got a bill for £885

I had insured the car through Avis and a month later the company took £885 from my NatWest Visa card without my permission, leaving me overdrawn.... read more

 Daily Mail16 hours ago
I self-published my novels: Author Mark Dawson turned a three-hour commute into a new career

He started writing his assassin thriller series while on a 90-minute train journey, never expecting he would ever earn enough to give up his day job after his novel was rejected by publishers.... read more

 Daily Mail16 hours ago
Sky set to unveil record results amid bidding war for broadcaster

Analysts at investment bank UBS have tipped the firm to reveal revenues of £13.6 billion in the year ended June, up 5 per cent, from £12.9 billion.... read more

 Daily Mail16 hours ago
Catastrophe...how aerospace industry sees a hard Brexit

Aerospace bosses fear a catastrophe if European giant Airbus makes good on its threat to scale back in the UK in the event of a hard Brexit.... read more

 Daily Mail16 hours ago
Catastrophic failure of TSB's computer system costs bank more than £100m

Chief executive Paul Pester is due to present TSB's half-year results at the same time as parent bank Sabadell releases its own figures.... read more

 Daily Mail16 hours ago
New dawn at Dunedin as trust pays off debt and shifts focus to UK

Dunedin Income Growth has a rich history going back 145 years. Today, the fund, recently the subject of an informative book by investment trust expert John Newlands, is much changed.... read more

 Daily Mail16 hours ago
Sky to unveil pre-tax profits of £1.2billion

Sky is set to unveil pre-tax profits of £1.2billion on Thursday, at what insiders expect to be its last set of full-year results as an independent company.... read more

 Daily Express16 hours ago
Comment - Geoff Ho

UNITED Utilities has its annual meeting on Friday and do not be surprised if chief executive Steve Mogford is berated by shareholders over the water firm’s performance. Readers in the North-west have just over two weeks until United Utilities’ hose-p... read more

 Daily Express16 hours ago
Retail sector hit by profit alert surge

STRUGGLING retailers helped push the number of profit warnings issued by stock market listed companies up by nearly a third during the second quarter, according to accountancy giant EY.... read more

 Daily Express16 hours ago
Can you turn your dream summer home into a reality?

MILLIONS of Britons are jetting off for their annual summer holiday and many will return with renewed dreams of owning a second home or retirement property in the sun.... read more

 Daily Express16 hours ago
New energy firms battle to compete

CHALLENGER energy suppliers have on average raised their prices by more than the Big Six this year according to research compiled by comparison site GoCompare.com.... read more

 Daily Express17 hours ago
Italy’s farmers turn to cow dung to save beloved olive trees

As disease threatens the olive oil industry in Puglia, scientists hope to revive a traditional remedyCiccio Manelli, 81, who owns hundreds of ancient olive trees in the southern Italian province of Brindisi, burst into tears when contemplating the pr... read more

 The Guardian17 hours ago
Four million Virgin Media customers lose UKTV channels

Subscribers express anger after firms fail to resolve impasse over fees for 10 channelsMillions of TV viewers have been unable to watch UKTV channels including Dave and Gold after Virgin Media removed the network from set-top boxes following a busine... read more

 The Guardian17 hours ago
Gfinity looks beyond online e-sports to TV groups

GFINITY, the British "e-sports" company that organises and broadcasts online video game tournaments, is looking to strike deals with telecoms and television groups, as well as football rights holders.... read more

 Daily Express17 hours ago
Arts experts tell of ‘heartache’ over legal action rift with National Gallery

Workshop leaders and lecturers with ‘years of collective experience’ explain their claim for unfair dismissalMembers of a team of 27 lecturers and art workshop leaders who say that they were sacked by the National Gallery in London have spoken this w... read more

 The Guardian20 hours ago
The IMF is right: hard Brexit is an international threat

Crashing out of the EU is an extremists’ gamble – not just for the UK but also for Britain’s close neighboursThere is always a sense of “they would say that, wouldn’t they?” when a state-funded global agency that promotes free trade says that a hard ... read more

 The Guardian21 hours ago
Good results offer the tech giants a chance to change the subject

After a torrid period for Silicon Valley’s reputation, strong financial news may help improve investors’ moodIn an age where nearly every commercial activity has a significant technological dimension, is it even possible to refer to “tech” companies ... read more

 The Guardian21 hours ago
Shop owner faces ‘killer’ rates ruin

A PROPERTY owner says her retirement plans are in ruins because of soaring business rates which are jeopardising the country’s high streets.... read more

 Daily Express22 hours ago
Industry super funds are thrashing those run by banks – and business is crying foul | Greg Jericho

Those trumpeting the need for industry super to change are unable to put forward evidence that it is not workingThere is little that annoys the Australian business community, its media spruikers and the Liberal party more than being shown how badly t... read more

 The GuardianYesterday
Tesco set to launch chain of discount shops to take on cut-price German retailers Aldi and Lidl

The supermarket giant has earmarked as many as 60 existing stores to transform into a low-price chain expected to operate under a new brand name.... read more

 Daily MailYesterday
RUTH SUNDERLAND: If we end up with a no-deal Brexit, World Trade Organisation won't save us

When hardline Brexiters talk blithely about a no-deal scenario where the UK operates under WTO rules, you really do wonder whether they have lost the plot.... read more

 Daily MailYesterday
Fury of pay-as-you-go customers who lose mobile phone credit when numbers are 'recycled'

Mobile networks are being criticised for blithely selling on the phone numbers of pay-as-you-go customers who do not use their handsets frequently enough. Rupert Lane was hit by this tactic.... read more

 Daily MailYesterday
JEFF PRESTRIDGE: Act now on pension cold calling Mr Opperman

Last year MP Guy Opperman announced the ‘important‘ introduction of a ban on pension cold-calling. But, as yet, the ‘measures’ have yet to see the light of day.... read more

 Daily MailYesterday
Getting the best rate for your holiday money can be tricky...follow our guide

Holidaymakers routinely overpay when buying currency - and there are many ways to get stung. Jess Hargreaves (pictured) learned the hard way how to get a better deal on currency.... read more

 Daily MailYesterday