EconomyLoop
where regional business news becomes global to everyone

World's largest offshore windfarm opens off Cumbrian coast

Walney Extension will power 590,000 homes amid fears Brexit could stifle growthThe world’s biggest offshore windfarm has officially opened in the Irish Sea, amid warnings that Brexit could increase costs for future projects.Walney Extension, off the ... read more

 The Guardian16 days ago

     
Barratt building on £835m profits

BARRATT Developments sold its largest number of homes for a decade and insisted there is room for further growth as it shrugged off Brexit uncertainty to post a record annual profit. Britain’s biggest house-builder completed 17,579 homes in the year ... read more

 Daily Express16 days ago
Record £400m UK music sales abroad, but Brexit 'may hit income'

Industry chiefs voice concerns over freedom of movement and intellectual property rightsThe popularity of British music abroad has hit a record high as artists including Ed Sheeran, Rag’n’Bone Man and Dua Lipa brought in more than £400m from fans aro... read more

 The Guardian16 days ago
Personal debts 'shear almost £900m off British economy'

Watchdog calculates cost to business and public purse of indebted and stressed adults – not helped by harsh bailiffsThe British economy is losing almost £900m a year from the rapid rise in personal debt problems, according to a report from the Whiteh... read more

 The Guardian16 days ago
Jobs cull takes shine off John Lewis revamp

Managing director Paula Nickolds has opened an upmarket footwear room with shoes costing up to £695. She is ploughing £3.5m into its beauty halls as well as setting aside £3m for staff training.... read more

 Daily Mail16 days ago
Fine art buyers are in the Monet with top returns

The value of fine art rose by 25 per cent last year, according to the Knight Frank Wealth Report. But longer-term buyers would have done better if they had put their money into classic cars.... read more

 Daily Mail16 days ago
DAILY BRIEFING: Pub chain Fuller, Smith & Turner's finance director steps down after 11 years

The finance director of pub chain Fuller, Smith & Turner has stepped down after 11 years. James Douglas is moving to Germany for his wife’s work.... read more

 Daily Mail16 days ago
Builder Barratt Development banks £95k an hour as it cashes in on Help to Buy

The firm raked in profits of £835.5m in the 12 months to June 30 - up 9 per cent on the previous year. It sold 17,579 new build homes, just 184 more than a year earlier, generating revenues of £4.9bn.... read more

 Daily Mail16 days ago
ALEX BRUMMER: Fears of a global shock

As the 10th anniversary of the great financial crisis is rapidly upon us, thoughts naturally have turned to how and when the next meltdown will occur.... read more

 Daily Mail16 days ago
Seven Berkeley chiefs pocket a £28m windfall between them sparking a mini shareholders' revolt

Nearly 8 per cent of shareholder votes were cast against the company’s pay report at its annual general meeting, Chief exec Rob Perrins pocketed £7.8m, including £7.1m in bonuses.... read more

 Daily Mail16 days ago
Wealthy Chinese are spending billions on high-end London property

A report by estate agent Knight Frank said parents from overseas are buying up houses in the capital to use as a base to look for schools or visit their sons and daughters during term time.... read more

 Daily Mail16 days ago
IN THE MONEY: Just Eat chief exec Peter Plumb is handed more than £2m worth of shares

Plumb, 55, has been granted 177,940 shares worth £1.3m as part of a performance share plan. Chief financial officer Paul Harrison, 54, has been given 115,213 shares worth £861,793.... read more

 Daily Mail16 days ago
MARKET REPORT: Investors bet on bookie William Hill

UK betting firms have been pouring into U.S. since the sports betting ban there has been lifted. The country is even more important to the sector after a crackdown on UK gambling machines.... read more

 Daily Mail16 days ago
House of Fraser collapse will cost us £400,000, says fashion retailer Quiz

The womenswear retailer has 11 concessoins in House of Fraser stores and sells clothes on its website. Quiz said the £400,000 hit will come in the six months to September 30.... read more

 Daily Mail16 days ago
CITY DIARY: Lloyds boss Antonio Horta Osorio gets a new spin doctor

Molasses-voiced Lloyds boss Antonio Horta Osorio has just taken delivery of a new head of corporate affairs, bearded ex-public relations executive Andrew Walton.... read more

 Daily Mail16 days ago
The £50bn Silicon Valley sell off: Tech titans routed as US cracks down on 'Wild West' social media

Shares in Twitter, Facebook, Google, Snap, Netflix, Microsoft and Amazon fell as investors fretted about the prospect of tighter regulation.... read more

 Daily Mail16 days ago
Putting workers on the board is a bitter but necessary pill | Nils Pratley

The IPPR’s proposal will not be popular among directors, but the idea is sound Many of the arguments in the IPPR’s prosperity and economic justice report would probably raise a cheer or two in big British boardrooms. Not every director is a wild advo... read more

 The Guardian16 days ago
Booming global stock markets swell ranks of the super rich

World population of people in ultra high net worth bracket increased by 12% last yearAlmost 30,000 people joined the ranks of the global super-rich last year, as booming global stock markets boosted the fortunes of the already very-rich and tipped th... read more

 The Guardian16 days ago
Key House of Fraser supplier pulls Jaeger and other brands

EWM group says exit not linked to £3m owed owner who fought Mike Ashley for retailerHouse of Fraser is facing further pressure after a key supplier pulled brands from stores.The Edinburgh Woollen Mill (EWM) group, which owns the Jacques Vert, Jane No... read more

 The Guardian16 days ago
The cars you can - and can't - depend on revealed

The survey is one of the biggest of its kind in the UK, processing the feedback of 18,284 owners of some 159 models spanning 31 different brands. See how your car ranks.... read more

 Daily Mail16 days ago
Rich overseas parents buy £2bn of property to get top school places

Wealthy parents see London properties as route to private schools for their childrenWealthy parents from outside the UK bought about £2bn of property in London over the past year in order to get their children into private schools and universities in... read more

 The Guardian16 days ago
Aircraft charter firm JETLOGIC streams ahead with new loyalty card

PRIVATE jet charter business Jetlogic has upped the stakes in an expanding international market by introducing a flexible frequent flyer card for customers. The Edinburgh-based company aims to capitalise on the recent soaring demand in the sector, wh... read more

 Daily Express16 days ago
Gaucho buyout saves 700 jobs as creditors rescue restaurant chain

Purchase of Argentinian-themed chain ‘offers the best outcome for all parties’More than 700 jobs are set to be saved after the Gaucho restaurant chain was bought out by its lenders.Investec Bank and debt specialist SC Lowy, who were together owed abo... read more

 The Guardian16 days ago
How to scale up businesses with a tricky-to-scale product

How does an SME take their business to the next level? Scale it up to break the glass ceiling? This is a challenge I have taken on and been working through in the last year. I am going to talk about the difficulties of scaling up a business with a pr... read more

 SB16 days ago
Aircraft chartered firm JETLOGIC streams ahead with new loyalty card

PRIVATE jet charter business Jetlogic has upped the stakes in an expanding international market by introducing a flexible frequent flyer card for customers. The Edinburgh-based company aims to capitalise on the recent soaring demand in the sector, wh... read more

 Daily Express16 days ago
Venezuela: how is the region coping with its collapse?

The refugee crisis created by its implosion is comparable to that in Europe in 2015As Venezuela’s great experiment with “Bolivarian” socialism implodes, it is creating a humanitarian and refugee crisis comparable to Europe in 2015. Travelling by bus,... read more

 The Guardian16 days ago
'If it was Lehman Sisters, it would be a different world' – Christine Lagarde

IMF head says the male domination of banking could lead to another financial crisisChristine Lagarde has said male domination of the banking industry made the collapse of Lehman Brothers more likely, as she urged further reforms to prevent a repeat o... read more

 The Guardian16 days ago
Fresh wave of shares and currency sell-offs hits emerging markets

Indonesia, Saudi Arabia and China are among those hit by trade wars and strong dollarEmerging markets have been hit by a renewed wave of sell-offs in shares and currencies, with Indonesia, Saudi Arabia and China among the countries hit by trade war t... read more

 The Guardian16 days ago
Collapsed steak chain Gaucho rescued by banks in a move that could save 16 restaurants and 750 jobs

Gaucho fell victim to tough trading conditions on UK High Streets earlier this year, but there may be a light at the end of the tunnel for the collapsed Argentine steakhouse chain.... read more

 Daily Mail16 days ago
More misery for motorists as pump prices hit four year high with fuel cost rise of 13p a litre

Research by the RAC has found that motor fuel prices have increased in eight of the last 12 months, meaning the cost of unleaded and diesel are at their highest since 2014.... read more

 Daily Mail16 days ago
Couple who earned 2million airline travel points by signing up for 42 credit cards travel the world

After spending a year signing up to - and using - 26 different credit cards, Chad and Hannah Janis, 25, will be able to fly to 40 countries, in business class, by using their earned airline points.... read more

 Daily Mail16 days ago
RBS to close another 54 branches - leaving it with just 54 High St banks across England and Wales

The bank's latest round of closures will be made in addition to the 162 closures and 792 redundancies announced in May.... read more

 Daily Mail16 days ago
UK plan to become exporting superpower will be stifled by Brexit | Ngaire Woods

Government’s ambitious strategy does not provide any clarity for British firmsThe British government has launched its plan to turn the United Kingdom into an “exporting superpower”. It is an ambitious, if not entirely fanciful, goal.Given the escalat... read more

 The Guardian16 days ago
Customers go bananas as Tesco hikes up the price of the popular fruit by more than double

Shopping giant Tesco has angered its inner-city customers by hiking the price of a number of products, including bananas.... read more

 Daily Mail16 days ago
Viagogo's refusal to speak to MPs in House 'a gross discourtesy'

Ticket resale firm cites legal reasons for non-attendance at select committee investigating secondary ticketing practicesThe ticket resale company Viagogo has been accused of gross discourtesy by MPs after refusing to attend a parliamentary committee... read more

 The Guardian16 days ago
Deutsche Bank removed from prestigious blue chip list as German bank plummets

GERMANY’S biggest bank Deutsche is set to drop out of Europe’s leading index of blue-chip companies.... read more

 Daily Express16 days ago
Back to work: five ways to avoid a headache after your holiday

Holidays are an essential part of life, helping you to feel rejuvenated, inspired and better able to run your business. But what about when the time comes to put the sun-lounger away and return to work? The transition from holiday to work doesn’t hap... read more

 SB16 days ago
Entrepreneur Q&A: ‘I’m a risk-taker, but I take calculated risks’

How did AZ Luxe come about? I formed AZ Luxe in July 2017 after working for a big luxury car hire group. My previous employer wanted me to start a company within the department which I named HR Owen. I built it up from scratch – no drivers, no cars. ... read more

 SB16 days ago
Brexit latest: UK's financial powerhouse leaves EU rivals standing in new league table

BRITAIN is the most important financial centre in Europe by some distance and comes second only to the US globally, according to a new league table published today.... read more

 Daily Express16 days ago
RBS to close 54 more branches with 258 job losses

Unite condemns closure of England and Wales branches of 62% taxpayer-owned bankRoyal Bank of Scotland is to close a further 54 branches in England and Wales with the loss of 258 jobs. The closures, in January 2019, come on top of the 162 branches the... read more

 The Guardian16 days ago
Bitcoin price PLUMMETS whopping $350 in MINUTES - Ethereum and Litecoin CRASH

BITCOIN values crashed 3 percent in just 10 minutes as the markets biggest cryptocurrencies suffered sharp drops.... read more

 Daily Express16 days ago
Dublin's homelessness crisis jars with narrative of Irish economic boom

Ireland is the EU’s star performer, but almost 700 families have become homeless in the capital this year Jobs are bountiful, luring back emigrants and drawing newcomers. Property prices are soaring. Chic restaurants are fully booked weeks in advance... read more

 The Guardian16 days ago
Junior Isa and Child Trust Fund: How to save and invest for children

We take a look at the ways you can save and invest for your children, how the schemes work and provide tips and guidance.... read more

 Daily Mail16 days ago
The Sainsbury's-Asda mega-merger could be blocked by the watchdog, but what are its concerns?

The competition watchdog has pushed the button on its probe into the proposed £13billion merger between Sainsbury’s and Walmart-owned Asda - the UK's second and third biggest supermarkets.... read more

 Daily Mail16 days ago
Nike’s commercial cynicism is clear but Colin Kaepernick ad is a sign

From the Tiger Woods ‘Did you learn anything?’ advert to denials about the benefits of anti-racism campaigns, Nike are easy to see through. But they do back winnersOnce, it used to be said that conservatives start culture wars and liberals win them. ... read more

 The Guardian16 days ago
The cult of Yakult: the surprising reason the world's gone wild for the probiotic drink

The yoghurt drink was first invented in Japan in 1930, but there are suddenly Yakult-inspired stickers on Etsy and shares of its stock have risen. What’s behind it? A Netflix romcomThe Netflix film To All the Boys I’ve Loved Before has given rise to ... read more

 The Guardian16 days ago
How unequal is Britain and are the poor getting poorer?

The UK is the fifth most unequal country in Europe but has taken steps to reduce disparities of incomeThinktank calls for major overhaul of Britain’s economyIPPR: 10 points for a better BritainCase study: how anyone can fall into debt despite working... read more

 The Guardian16 days ago
Superheroes swoop to boost Hollywood but Netflix shadow looms

While US box office grew about 9%, summer attendance figures are the second worst since 1992A case of superheroes to the rescue in the form of Disney’s Avengers: Infinity War and Incredibles 2 has fuelled the biggest boost to the US summer box office... read more

 The Guardian16 days ago
Toyota to recall ONE MILLION hybrid cars due to fire risk

Of the 1.03 million hybrids being recalled, some 219,000 are being used by European drivers. The call back affects all Prius and CH-R models made between June 2015 and May 2018.... read more

 Daily Mail16 days ago
Pound euro exchange rate: GBP dips despite surprise services PMI growth URL

THE pound has faced strong headwinds against the euro today, falling to €1.108 despite some supportive UK services sector data.... read more

 Daily Express16 days ago