EconomyLoop
where regional business news becomes global to everyone

Asda is named worst supermarket in treatment of suppliers

Watchdog places Walmart-owned chain below Morrisons, as it names Iceland as worst retailer at complying with its codeAsda has been named as the worst of the UK’s major supermarkets in its treatment of suppliers.The Walmart-owned chain dropped below M... read more

 The Guardian1 hour ago

     
Co-op Bank abandons sale talks as it edges towards rescue deal

Lender says plan to secure hundreds of millions from hedge funds would allow it to ‘safeguard its values and ethics’The Co-operative Bank has abandoned talks over a sale after edging closer to clinching a deal with hedge funds to stump up millions of... read more

 The Guardian1 hour ago
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds

Bank denies star’s claim £100m scheme is a ‘sham’ as only one victim of loans scam has received compensationFive months after a high court judge handed out lengthy jail terms to a group of financiers who left business owners “cheated, defeated and pe... read more

 The Guardian1 hour ago
SyndicateRoom: A business guide to using the platform

SyndicateRoom’s aim is to finance great British companies throughout their entire funding journey. With around 70 per cent of the companies that it accepts raising all the funds they need and its EIS fund, Fund Twenty8, automatically adding additiona... read more

 SB2 hours ago
Record-breaking temperatures turn up the heat for UK retailers

This week’s heatwave has sent the UK into a spin - and straight to the shops according to data from retail platform Vend. Looking at a sample of 1,500 independent retail stores, Vend’s figures show that from Saturday 17th June when heatwave temperatu... read more

 SB2 hours ago
Can new housing minister Alok Sharma build 1m homes?

Responsibility for housing has now changed hands six times since 2010. So can the latest person tasked with the job, Alok Sharma, pull off the trick of getting enough homes built?... read more

 Daily Mail2 hours ago
Tackling slow payers, today and tomorrow

As every financial decision maker will tell you, getting customer invoices paid on time is the first step to optimising working capital – the lifeblood for every business. Slow payers can reduce the number of decision making options open to a busines... read more

 SB3 hours ago
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley

The state rescue of Veneto Banca and Banca Popolare di Vicenza raises major long-term worries for the eurozone The European Union authorities seem to be making up the rules on banking bailouts as they go along. The latest Italian example – the windin... read more

 The Guardian3 hours ago
Valuing your business for investors

Most young businesses will require investment at some point, if they are to continue to grow. Whether you need to develop an online presence, buy some new technology to remain competitive, hire more staff or move to larger premises, it’s likely that ... read more

 SB3 hours ago
Smart meter rollout could force household bills to rise, says supplier

Energy company warns rising cost of installations due to ‘customer apathy’ could prompt suppliers to increase tariffsEnergy suppliers face rising costs for putting smart meters in millions of homes, adding pressure on firms to raise household bills f... read more

 The Guardian4 hours ago
Why robots should be taxed if they take people's jobs | Robert Shiller

Bill Gates says governments could use a robot tax to fund human services – it would also help remedy income inequalityThe idea of a tax on robots was raised last May in a draft report to the European parliament prepared by MEP Mady Delvaux from the c... read more

 The Guardian4 hours ago
Tenant fees ARE a rip-off, says letting agent that welcomes ban

THE Government's ban on tenant fees is good for business and won't mean higher rents as claimed by the industry, according to one letting agent.... read more

 Daily Express5 hours ago
Italy bank bailout anger as EU has 'one rule for Rome and another for others'

ITALY will be allowed to break official European Union rules and stump-up billion of pounds worth of taxpayer cash for crumbling lenders to prevent a full-scale banking crisis.... read more

 Daily Express5 hours ago
Hard Brexit could halt Heathrow expansion plans, experts say

National Infrastructure Commission says UK must maintain ties with EU to save key projects such as third runway and HS2A hard Brexit would be a “calamity” that would spell the end for the Heathrow expansion, according to the chairman of the National ... read more

 The Guardian6 hours ago
Smiggle considers ramping up UK store opening programme as sales continue to accelerate

AUSTRALIAN stationery retailer Smiggle is considering ramping up its UK store opening programme as sales continue to accelerate.... read more

 Daily Express6 hours ago
Dixons Carphone to reveal rise in profits despite signs of wear on consumer spending

DIXONS Carphone is expected to show signs of wear from the squeeze on consumer spending, despite boosting profits, when it announces full-year results on Wednesday.... read more

 Daily Express6 hours ago
PwC looks to become economic market’s most accurate forecaster

PwC is on the cusp of launching a robo-economist that could make the company the “most accurate” economic forecaster on the market.... read more

 Daily Express6 hours ago
How much you should tip around the world

Research from the Good Housekeeping Institute reveals waiters in the US expect the biggest tips, up to 25 per cent of the total bill, while staff in China and Japan could be offended by the money.... read more

 Daily Mail6 hours ago
Triple lock and winter fuel payouts for all are saved

TheTory manifesto plan to axe the triple lock, which sees the state pension go up at least 2.5 per cent a year, has hung in the balance since it failed to win an outright majority in the 8 June election.... read more

 Daily Mail6 hours ago
Almost a third of Brits work from home at least once a week

Employees who work from home has increased by 25 per cent in the last five years, with 8.2 million (31 per cent) British employees now working from home for at least one day per week, and relying on fast broadband. The findings, from a new study of 2... read more

 SB6 hours ago
Extra Energy branded worst energy firm for complaints

Extra Energy received a score of 2.05 stars overall, out of a possible five, based on a number of factors including customer service and complaints handling.... read more

 Daily Mail7 hours ago
Berkeley Group are building in confidence, says GEORGE SALMON

WEDNESDAY saw London-focussed house-builder Berkeley Group release its annual results.... read more

 Daily Express7 hours ago
DUP Deal Pension Triple lock and Winter Fuel Allowance SAVED

THE state pension triple lock and universal Winter Fuel payments will be maintained under the deal brokered between Theresa May and the DUP.... read more

 Daily Express7 hours ago
Russian billionaire will buy Holland & Barrett for £1.8bn

Mikhail Fridman's investment fund L1 Retail will buy the chain from its parent firm Nature's Bounty, which is owned by private equity giant Carlyle.... read more

 Daily Mail7 hours ago
Fintech credit firm Quint posts record revenues

FAST-growing UK fintech group Quint is forecasting a £50 million plus turnover this year after seeing a record 64 per cent rise in growth and revenues rise to £32 million.... read more

 Daily Express7 hours ago
IR35: Contractor tax adviser issues caution over NHS U-turn

Leading contractor tax adviser, Qdos Contractor, has issued caution regarding The NHS’s decision to perform a U-turn over placing its entire locum and contractor workforce 'inside IR35'. While Qdos Contractor welcomed the recent backtrack, the contra... read more

 SB8 hours ago
World heading for financial crash as China on verge of ‘boom gone wrong’

A GLOBAL financial crash is brewing as China and other emerging markets are binging on debt, the world's central bank watchdog has warned.... read more

 Daily Express8 hours ago
‘Oh god please let me die’: treating women who have set themselves on fire in Afghanistan

The self-immolation cases seen at the country’s only burns unit are a symptom of a bigger problem in the country, where violence against women is rifeHer incessant screams echoed in the dimly-lit hallways of the hospital – long, hard and full of pain... read more

 The Guardian8 hours ago
'It’s up to us': why business needs to take a stand on #palmoil

Consumers have long been encouraged to shop with sustainability in mind. But when it comes to palm oil, the power to effect industry-wide change is in the hands of businessFor many ethical consumers, palm oil is a dirty word. Its association with def... read more

 The Guardian8 hours ago
Pound V euro: GBP surges against EUR after Italian banking news

THE pound surged against the euro at the start of this week’s session following reports that Italy would need to bailout two more of its banks.... read more

 Daily Express8 hours ago
Duty-free access to UK for imports across developing world WILL be maintained after Brexit

DUTY-free access to the UK for imports from nations across the developing world will be maintained after Brexit, the Government has said.... read more

 Daily Express8 hours ago
Tyrrells sold for £300m to US firm Amplify Snacks

Investcorp trebles the money it paid in 2013 for crisp business founded 14 years ago by a then struggling UK potato farmerTyrrells has been sold for £300m by the investment firm that bought the upmarket crisp brand for a third of that price three yea... read more

 The Guardian8 hours ago
What does the GDPR mean for SMEs?

The EU General Data Protection Regulation (GDPR) comes into force in the UK in May 2018 and is anticipated to have a significant impact on businesses across the country. The GDPR is a replacement for the Data Protection Act 1998, and will apply to al... read more

 SB8 hours ago
JD Wetherspoon invests £13million in a new hotel and pub

The pub chain headed by vocal Brexit-backer Tim Martin will plough £13million into building a new hotel and pub in Dublin, Ireland as it also opens new bars in the UK.... read more

 Daily Mail8 hours ago
Scalextric maker Hornby boosted by shareholder acquisition

Shares in Hornby steamed ahead this week after the model train maker was the subject of a mandatory takeover from its largest shareholder... read more

 Daily Mail8 hours ago
Overcoming difficulties: How to improve your revenue growth

Business gas comparison site Love Energy Savings discuss the difficulties UK SMEs and larger businesses face – and made it their mission to help them. Managing director at Love Energy Savings, Phil Foster, works to implement sustainable improvements ... read more

 SB9 hours ago
Co-operative Bank axes planned sale

The Co-operative Bank has axed the planned sale of the business as it is close to striking a deal on a rescue package with its existing investors.... read more

 Daily Mail9 hours ago
Pound v US dollar: GBP rallies ahead of possible DUP deal announcement

THE pound kicked off the week with a gain of 0.3 per cent against the US dollar.... read more

 Daily Express9 hours ago
Nine tech-tools to help you set up your next business meeting

To set up any meeting you need to get people to agree on four things: who, what, where and when. Easier said than done! Getting three people, let alone 30, to agree on a date is hard enough, add the time and location and you’re likely to want to forg... read more

 SB9 hours ago
UK professionals reveal their craziest interview questions

While many companies are opting to ask ‘oddball’ interview questions to encourage candidates to think on their feet, more than half (52.1 per cent) of professionals don’t think this is the right approach to take, with one third (35 per cent) believin... read more

 SB9 hours ago
Car insurance premiums soar 15.7% in a year

A change to the way compensation is paid out in personal injury claims is partly to blame for the hike, along with rises to insurance premium tax.... read more

 Daily Mail9 hours ago
Should you take your 25% tax-free pension lump sum?

The chance to pocket a tax-free 25 per cent lump sum from your retirement fund when you stop working is one of the most popular perks of saving into a pension.... read more

 Daily Mail9 hours ago
Should you run your buy-to-let properties through a limited company?

As a landlord, mortgage interest is probably the single biggest expense that can eat into a large chunk of your rental income. So in summer 2015 when the chancellor announced changes to mortgage interest relief for buy-to-let landlords, there has bee... read more

 SB10 hours ago
When will state pension age rise again? Steve Webb replies

I was born March 1955 but I am told that my pension age is 66. Have they bought the date forward again without telling us?... read more

 Daily Mail10 hours ago
Brexit talks begin, with citizens’ rights top of the agenda for HR

Brexit negotiations are finally underway, beginning one year to the week after the UK voted to leave the European Union. David Davis and Michel Barnier were placatory in their press conference on Monday, having agreed terms of reference and a schedul... read more

 SB10 hours ago
Motorists in line for further savings at petrol pumps

Fuel prices are at their lowest level since the start of the year – with motorists paying about 5p less per litre of petrol and 6p less on diesel than in February.... read more

 Daily Mail10 hours ago
Holland & Barrett sold to Russian billionaire for £1.8bn

Europe’s largest health food chain has been bought by L1 Retail, an investment fund run by Mikhail FridmanHolland & Barrett has been acquired for £1.8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman.L1 Retail, a divisi... read more

 The Guardian10 hours ago
MARKETS LIVE: London shares and the pound tick higher

The leader of Northern Ireland's Democratic Unionist Party, Arlene Foster, has returned to London and hopes to finalise a deal to prop up Theresa May's government.... read more

 Daily Mail11 hours ago
POUND LIVE: Pound rises as Theresa May looks to close DUP deal

THE pound surged on Monday morning as the Conservatives and the DUP come close to securing a deal, following the outcome of the 2017 election and ahead of the Queen's Speech vote.... read more

 Daily Express11 hours ago
Food industry shaken by hard Brexit prospects, survey reveals

Concern grows over price rises, import duties and staff retention as uncertainty looms over the impact of leaving the single marketConfidence in the food and drink industry is increasingly fragile since the upheaval caused by the Brexit vote, a surve... read more

 The Guardian11 hours ago