EconomyLoop
where regional business news becomes global to everyone

Bonmarché shares fall after warning of heavier loss

Women’s fashion chain says it now expects underlying pre-tax loss of £5m-£6mShares in Bonmarché have fallen after the women’s fashion chain warned of a bigger full-year loss than previously forecast and reported quarterly sales below its expectations... read more

 The Guardian2 minutes ago

     
Challenger banks reduce credit requirements and make it easier for first-time buyers

Mortgage lenders are making it easier to get a mortgage, with a number relaxing restrictions on loan size and credit standards in the past week.... read more

 Daily Mail47 minutes ago
Forty-year mortgages: life sentence or life raft?

It can dramatically cut monthly repayments – but there’s one rather big catchNew figures suggest that the traditional 25-year mortgage is becoming a thing of the past. More than half (51%) of those on sale have a standard maximum term of up to 40 yea... read more

 The Guardian1 hour ago
Sainsbury’s to publish price cut data if Asda merger goes ahead

Supermarkets ‘happy to be held to account’ on reducing prices by £1bnSainsbury’s has promised to publish an annual breakdown of the £1bn-worth of price cuts it has promised shoppers if it merges with Asda, as it scrambles to reverse the competition w... read more

 The Guardian1 hour ago
Universal Credit, PIP and ESA assessments MERGING – How it will work EXPLAINED

MILLIONS of people claiming health-related benefits will face a new integrated assessment process designed to reform the benefits system under new proposals from the Government.... read more

 Daily Express1 hour ago
Universal basic income only goes so far – free public services are essential too | Alfie Stirling

Our weekly allowance may sound like UBI-lite, but it is part of a radical programme to transform livesAlmost 37 years ago to the day, during the fiery aftermath of an early Margaret Thatcher budget, the prime minister was allegedly challenged to name... read more

 The Guardian2 hours ago
UK unemployment falls to 44-year low despite Brexit fears

Employers’ hiring reduces jobless rate to 3.9%, the lowest since the start of 1975UK unemployment has dropped to the lowest level in more than 44 years despite mounting fears over Brexit, as employers across the country ramped up hiring at the fastes... read more

 The Guardian3 hours ago
Axe HS2 and invest in north and Midlands, says thinktank

Two-fifths of benefits of £56bn project will go to London, says New Economics FoundationThe government’s planned HS2 high-speed rail project will make the UK even more divided and should be scrapped in favour of boosting services in the less well-off... read more

 The Guardian3 hours ago
'Resilient' sofa and carpet seller ScS manages a profits

The Sunderland-based firm - famous for its La-Z-Boy sofas -  made a profit of £545,000 in the six months ended January 26, compared with £414,000 in the same period a year earlier.... read more

 Daily Mail3 hours ago
Stationery chain Office Outlet tips into administration putting 1,200 more retail jobs at risk

As the latest in a string of retail collapses, Office Outlet said it fell victim to a tough UK retail conditions, a shrinking stationery market and supplier issues.... read more

 Daily Mail3 hours ago
Octopus Energy teams up with Amazon Alexa to let customers use voice assistant to curb energy usage

Octopus has announced the integration of Agile Octopus, UK's only smart time-of-use tariff, making it the first energy company to combine real time energy pricing with voice automation.... read more

 Daily Mail3 hours ago
Almost a third of small businesses have no cyber security strategies

A worrying 30% of small businesses don't have any cyber security strategies in place at all, according to new research from Business in the Community (BITC). The report, Would you be ready for a cyber attack?, reveals some eye-opening findings for sm... read more

 SB4 hours ago
Office Outlet is latest retailer to go into administration

Former Staples chain with 90 stores hit by falling stationery sales and high street woesThe stationery chain Office Outlet has collapsed into administration, putting 1,200 UK jobs at risk.The struggling retailer, formerly known as Staples, has 90 sto... read more

 The Guardian5 hours ago
Buffettology manager on how to pick shares that can beat the market

The Sanford DeLand UK Buffettology Fund was one of only three UK All Companies funds to last year up, we speak to manager Keith Ashworth-Lord to find out how.... read more

 Daily Mail5 hours ago
Shock rise of the 40-year mortgage

SOARING property prices are forcing buyers to spend up to 40 years paying off their mortgage, figures revealed yesterday.... read more

 Daily Express5 hours ago
Tax changes April 2019: The FOUR changes in April YOU should be aware of

TAX CHANGES are coming next month, with millions of people expecting changes to their finances. Here are the five changes you need to be aware of as April approaches.... read more

 Daily Express5 hours ago
Pound euro exchange rate: GBP firm as UK unemployment hits new 44-year low

THE pound has slipped against the euro, with the pairing currently trading at around €1.168.... read more

 Daily Express6 hours ago
Pound US dollar exchange rate: GBP steadies after John Bercow Brexit bombshell

THE pound is holding steady against the US dollar today and is currently trading around $1.326.... read more

 Daily Express6 hours ago
Shadow cast over Lloyds Bank's new wealth management venture

The decision represents a setback for Lloyds' foray into wealth management alongside City investment firm Schroders.... read more

 Daily Mail7 hours ago
Skoda is developing a system to allow couriers to deliver to your CAR

The days of having to request for parcels to be delivered to your office or left with the neighbour because you're not home could soon come to an end thanks to a new Skoda smartphone app.... read more

 Daily Mail7 hours ago
UK jobless rate falls below 4 percent for first time since 1975 – record numbers in work

THE UK jobless rate has fallen below 4 percent for the first time since 1975 with record numbers of people in work.... read more

 Daily Express7 hours ago
Germany CRISIS: German economy growth forecast SLASHED by almost HALF

GERMANY’S economic growth forecast has been slashed by nearly half as forecasters reveal a gloomier future for the EU nation.... read more

 Daily Express7 hours ago
Steve Webb answers your pension questions here

Former Pensions Minister Steve is This is Money's Agony Uncle. Here's where you can check out all his previous columns to see if any involve issues affecting you.... read more

 Daily Mail8 hours ago
Bonmarche shares crumble as it posts THIRD profit warning in six months

The struggling firm, which has 300 UK stores, said it expects to rack up losses of up to £6million, owing to a 'significant' sales slowdown at the start of March.... read more

 Daily Mail8 hours ago
Pound LIVE: GBP Sterling static against euro after TANKING on John Bercow Brexit warning

THE pound is static this morning after tanking off the back of John Bercow announcing Theresa May cannot trigger a fresh vote on her Brexit deal without “substantial” changes.... read more

 Daily Express8 hours ago
The essential guide to starting and growing an online business

If there was any doubt that the internet is the place to be for businesses today, recent figures from the IMRG Capgemini eRetail Sales Index have shown that some £133 billion was spent online with UK retailers in 2016, £18 billion more than the amoun... read more

 SB8 hours ago
UK jobs report to show if Brexit is hurting the labour market - business live

Rolling coverage of the latest economic and financial news, including the latest UK unemployment report 8.01am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Today we disco... read more

 The Guardian10 hours ago
FTSE LIVE: Ocado counts cost of Andover fire; Pound shrugs off Bercow bombshell

Sterling remains in focus as it awaits more news on Brexit. The Footsie, meanwhile, will be more interested in what the Fed has to say later this week in the US.... read more

 Daily Mail10 hours ago
Planning your retirement? Should you pay for financial advice or do it yourself? We take a look

Thanks to the pension freedom reforms introduced in 2015, you can tailor when and how you use your pension pot – but should you hire an adviser to help you?... read more

 Daily Mail10 hours ago
NS&I savings certificates rate to fall - should I transfer my cash?

There are less than two months left before roughly half a million savers could be hit by a change that could wipe out a large chunk of interest.... read more

 Daily Mail10 hours ago
Eon is losing customers at an ‘alarming rate’, new report reveals, as customers voice frustration

Of customers that switched provider last month, 21.65% did so from Eon. On the flipside, just 7.07% switched to it, according to a snapshot of switching habits from Compare the Market.... read more

 Daily Mail10 hours ago
Mortgage rates have HALVED since the financial crisis, new report reveals

The Mortgage Trends Treasury Report found that the average two-year fixed rate mortgage rate has fallen from 4.79 per cent in March 2009 to 2.49 per cent today.... read more

 Daily Mail10 hours ago
Eight questions every first-time buyer must ask when buying a flat

There are some key aspects of buying a flat that need to be addressed if you're going to avoid some of the common pitfalls of moving into your first home.... read more

 Daily Mail10 hours ago
My Revolution Beauty makeup hasn’t arrived after three weeks

The company blames Royal Mail for the delivery delay, but I needed the products urgentlyI recently ordered makeup from Revolution Beauty’s website, having previously bought from Superdrug. They are huge in the beauty industry and supply unusual produ... read more

 The Guardian10 hours ago
'It could be terrible for us': how one British high street is preparing for Brexit

York’s Bishopthorpe Road has gone from strength to strength in recent years. But can its shopkeepers overcome their latest and perhaps greatest challenge?In a tiny, windowless back office, Dan Ebdon is hunched over a computer screen. “I’m trying to f... read more

 The Guardian10 hours ago
Post-Brexit tariffs will ‘wipe out businesses’ near Irish border

Local firms worry border closure and duties will lead to smuggling and chaosAndrew Montgomery runs the last shop before the Irish border. Set 60 yards back from the swirling River Foyle on the site of a demolished customs post, his enterprising pet s... read more

 The Guardian10 hours ago
MPs call for Viagogo boycott and shake-up of ticket touting laws

Committee’s report on live music industry also criticises Google for promoting websiteA committee of MPs has taken the highly unusual step of urging consumers to boycott the ticket resale firm Viagogo, criticising Google for promoting the website and... read more

 The Guardian18 hours ago
Struggling Moss Bros appoints Joules boss Colin Porter as chairman

Porter's appointment comes as Moss Bros battles to turn around the business following three profit warnings in 2018.... read more

 Daily Mail20 hours ago
One of Debenhams' largest investors dumps its stock in ailing department store

Invesco, which owned 58.49m Debenhams shares, or 4.8 per cent of the company, has sold as the firm battles for survival.... read more

 Daily Mail20 hours ago
Metro Bank said to face growing pressure to shake up its board after accounting error

The lender faces calls to appoint more independent directors, amid concerns that billionaire founder and chairman Vernon Hill has too much power.... read more

 Daily Mail20 hours ago
Worldpay being bought by US rival in £32.5bn deal that creates one of world’s largest payment firms

The business, once owned by Royal Bank of Scotland, is being snapped up by Florida-based Fidelity National Information Services.... read more

 Daily Mail20 hours ago
ALEX BRUMMER: What if Government had disposed of RBS and held onto Worldpay in 2010?

It would own a fintech payments champion valued at £32.5bn and ridded itself of a troublesome bank of the same value.... read more

 Daily Mail20 hours ago
MARKET REPORT: Roman Abramovich making hay with holding that's not exactly a household name

Abramovich was one of four investors who said last night they are selling a combined stake equal to 1.8 per cent in steel maker Evraz through companies they have holdings in.... read more

 Daily Mail20 hours ago
Persimmon bosses paid another £90m: Trio pocket £193m in just two years

Jeff Fairburn, Dave Jenkinson and Mike Killoran have been paid nearly £200m as they cash in on Help to Buy. Critics branded the 'egregious' payouts as 'completely inappropriate'.... read more

 Daily Mail20 hours ago
Sainsbury's clashes with competitions watchdog over its merger with Asda

Bosses at the supermarket claim the regulator failed to properly interrogate respondents during its investigation into the deal.... read more

 Daily Mail20 hours ago
Children of Footasylum’s co-founder in line for £50m payout after JD Sports swoops for troubled firm

Its High Street rival has offered to buy the 81.3 per cent of Footasylum that it does not already own for 82.5p a share, 77.4 per cent higher than the closing price on Friday.... read more

 Daily Mail20 hours ago
Salisbury handed broadband boost: All homes and businesses get ultra-fast connection

Around 22,000 premises will be linked up to 'full-fibre' lines that are capable of downloading films in seconds or transferring huge graphics files.... read more

 Daily Mail20 hours ago
Interserve fights to keep contracts as rivals circle

Outsourcing firm seeks to fend off interest in lucrative deals from Mitie and SercoThe outsourcing firm Interserve is hoping to prevent a client exodus as rivals seek to cherry-pick parts of the business, which was bought out of administration by its... read more

 The Guardian22 hours ago
Expert MUMS on hand to help find the perfect gift at ST PANCRAS INTERNATIONAL

St Pancras International is rolling out the star treatment for mums as its top restaurants, bars and shops promise the pick of gorgeous gifts and experiences to mark this year's Mother's Day.... read more

 Daily Express22 hours ago
Brexit billionaire chooses BMW engine for 'British' 4x4 project

UK’s richest man, Jim Ratcliffe, had already signed up German firm to design vehicleThe UK’s richest man, expat Brexit supporter Jim Ratcliffe, has enlisted Germany’s BMW to supply engines for a “British” successor to the Land Rover Defender, after h... read more

 The Guardian22 hours ago