EconomyLoop
where regional business news becomes global to everyone

Small Business Saturday 100 announced

A hula hoop workshop and an award-winning children’s book are among the firms that will be championed in the run-up to this year’s event A children’s hula hoop instructor, an English countryside tearoom, and a business on a mission to reverse the dec... read more

 The Guardian1 minute ago

     
EasyJet left us stranded in Nice with two diabetic children

It blamed foggy weather in London, but other airlines were operatingOur family was due to fly back from Nice to Gatwick with easyJet on New Year’s Eve. On our way to the airport we received a text saying the flight was delayed due to staffing problem... read more

 The Guardian24 minutes ago
China will use 'all necessary means' against US trade probe

Commerce ministry adds to previous condemnation of plans by Trump administration to investigate alleged theft of US intellectual property China will use all necessary means to defend the interests of the country and its companies against a US trade i... read more

 The Guardian58 minutes ago
Nickel mining: the hidden environmental cost of electric cars

The extraction of nickel, mainly mined in Australia, Canada, Indonesia, Russia and the Philippines, comes with environmental and health costsAs countries the world over legislate to phase out petrol and diesel cars, attention is turning to the enviro... read more

 The Guardian1 hour ago
Exxon deliberately misled public on climate science, say researchers

Study of company documents, peer-reviewed papers and newspaper ads claims to show how the oil giant tried to cast doubt on climate scienceExxonMobil has knowingly misled the public for decades about the danger climate change poses to a warming world ... read more

 The Guardian3 hours ago
Bonus for Pearson chief despite biggest loss in company's history

John Fallon awarded total of £1.5m, including a £343,000 bonus, after world’s largest educational publisher reports £2.6bn pre-tax lossThe total pay of John Fallon, the chief executive of Pearson, increased by 20% last year, despite the FTSE 100 comp... read more

 The Guardian6 hours ago
Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups

Pre-tax profits rise 97% to £31m thanks in part to paying social media stars to promote clothes to 16- to 24-year-old fansBoohoo, the online fashion retailer with an army of 16 to 24-year-old fans, has nearly doubled its profits, helped by paying cel... read more

 The Guardian7 hours ago
Food and drink industry says EU staff exodus will damage economy

Brexit warnings from trade bodies come as businesses across UK struggle to recruit skilled labour The food and drink industry has issued a warning of significant disruption and economic damage if the government fails to stem the flow of EU nationals ... read more

 The Guardian7 hours ago
WPP shares plunge as boss slashes growth forecast

WPP’S hard sell fell on deaf ears as more than £2billion was wiped from the advertising giant’s value after it slashed its growth forecast for the second time this year.... read more

 Daily Express9 hours ago
Sir Martin Sorrell loses £43m as WPP shares crash 10.4%

The advertising guru said economic and political turmoil was harming global growth, raised doubts over fraud and fake news and said there was ever-greater pressure on clients to cut costs.... read more

 Daily Mail9 hours ago
What's going wrong with Neil Woodford?

With Provident Financial this week becoming the latest disaster to hit Neil Woodford's investments, is it now time to ask whether the golden investor has lost his Midas touch?... read more

 Daily Mail9 hours ago
Shamed boss of Provident was adviser to watchdog

Crook quit as head of Provident Financial this week as shares crashed following a massive profit warning and revelations of a probe over card protection products.... read more

 Daily Mail9 hours ago
MAGGIE PAGANO: Bank of England sows debt confusion

If April is the cruellest month, then August is the most fragile. It's a month when wars break out, currencies go into freefall and the seeds of financial crises are sown.... read more

 Daily Mail9 hours ago
Labour donor Chai Patel buys 122 Bupa care homes for £300m

Patel's company HC-One is now the country’s biggest care home operator after the £300m purchase which brings his portfolio to 22,000 beds and 350 homes.... read more

 Daily Mail9 hours ago
Backing for Amazon’s £11bn Whole Foods deal

The US supermarket chain's investors gave their backing to the all-cash offer in a vote last night. The merger will give Amazon a bricks and mortar presence for the first time.... read more

 Daily Mail9 hours ago
MARKET REPORT: Carillion hit as nervous investors flee

The construction giant has secured several key contracts, including one to help build the UK’s controversial HS2 railway, since crashing by more than 60 per cent earlier this year.... read more

 Daily Mail9 hours ago
DAILY BRIEFING: UK motor industry production up

A total of 136,397 new cars rolled off British production lines last month – a 7.8 per cent rise on July last year, according to the Society of Motor Manufacturers and Traders.... read more

 Daily Mail9 hours ago
CITY DIARY: Shore Capital's Berni Madoff  connection

Shore Capital has hired Amber Wood to be its new head of compliance. A glance at Wood's LinkedIn account reveals she previously worked as a compliance officer for something call MSIL.... read more

 Daily Mail9 hours ago
Why ECB president is still flooding the system with cheap money

While the eurozone is looking healthy, inflation remains subdued – and warning signs remain over the global economyThere was little in Mario Draghi’s comments in Germany on Wednesday to indicate that the European Central Bank plans to stop pumping ch... read more

 The Guardian11 hours ago
Samsung launches Galaxy Note 8 hoping to extinguish Note 7 memories

South Korean firm adds dual cameras and infinity screen to stylus-equipped big smartphone flagship to make amends for fire-prone predecessorThe new Samsung Galaxy Note 8, the most important big smartphone in the company’s history, is launching in New... read more

 The Guardian12 hours ago
Chanel owners pay themselves $3.4bn dividend – four times company's net profit

Despite fall in revenues and profits last year, Alain and Gérard Wertheimer took double dividend they received in 2015 The reclusive billionaire brothers who own Chanel paid themselves a $3.4bn dividend last year.Alain and Gérard Wertheimer, who have... read more

 The Guardian13 hours ago
More French cities are introducing Crit'Air car stickers

So far, Paris, Grenoble and Lyon have been enforcing the Crit'Air scheme. This month, another city has been added to that list, and two more holiday destinations are due to do the same.... read more

 Daily Mail13 hours ago
Consumers admit to ‘abandoning a basket’ to secure a bigger discount

New online research by leading email marketing platform provider, dotmailer, shows consumers are savvier than ever when it comes to seeking a discount online. From abandoning a basket, to entering in fake details to receive a better deal, it seems co... read more

 SB14 hours ago
Social media bragging spilling out into workplace communications

Social media has been blamed for the growing trend of office workers using out of office emails to brag about their summer holidays, glamourous lifestyles and even new babies. Experts at LondonOffices.com claim there is a growing trend for the once s... read more

 SB14 hours ago
WPP cuts growth forecasts again as firms rein in spending

WPP, which counts Unilever, HSBC, Ford, Coca-Cola and Marks & Spencer among its clients, said firms have been cutting costs, including advertising spending.... read more

 Daily Mail15 hours ago
Game Digital shares leap 34% as it pushes into e-sports

The retailer said demand for Nintendo’s Switch Console was behind most of the sales rise in the UK and Spain, which rose by 9 per cent and 15 per cent respectively in the six months to the end of July.... read more

 Daily Mail15 hours ago
Ferrari's new Portofino revealed

What do we know about the California T replacement? One thing's for sure, it's not the most unique Ferrari you'll be able to get your hands when you see the '90s concept car for sale.... read more

 Daily Mail15 hours ago
What are your experiences of the housing market as a BME person?

We’d like to understand the factors affecting you and explore statistics showing people from BME backgrounds are less likely to own their homeHouse prices are still going up around the UK, and despite low mortgage rates increasing numbers of people a... read more

 The Guardian15 hours ago
Provident Financial faces exodus of staff and clients after profit warning

Doorstep lender blames new software for technical problems as rival firms try to lure its most valuable personnel and borrowers Troubled doorstep lender Provident Financial is in a race against time to fix its technical problems, amid efforts by riva... read more

 The Guardian17 hours ago
Provident Financial plunges 800,000 families into financial alarm as shares plummet

PROVIDENT Financial shares have gone into free fall leaving hundreds and thousands facing financial hardship.... read more

 Daily Express17 hours ago
ID fraud 'epidemic' sees 500 thefts every day

Experts have warned the UK is facing a silent crimewave of credit card and banking fraud, mail, phone and online scams, and computer crime such as identity theft... read more

 Daily Mail17 hours ago
pressure on the battered pound at Jackson Hole this week?

This week the world's top central bankers meet at the annual Jackson Hole gathering, and it could be the last thing the pound needs.... read more

 Daily Mail17 hours ago
Taxman gains extra £2bn from stamp duty in last year

The taxman is having a bumper year thanks to stamp duty changes and a more 'aggressive' approach on inheritance tax.... read more

 Daily Mail17 hours ago
Persimmon boost as shares hit new high after beating profit forecasts

PERSIMMON’S shares hit a 2601p high, up 45p, as it beat profit forecasts. Half-year pre-tax profits at the blue-chip builder grew by 30 per cent to £457.4 million on 12 per cent higher revenue of £1.66 billion.... read more

 Daily Express18 hours ago
GVC fails in fresh £3.6 billion takeover bid for bookmaker Ladbrokes Coral

ONLINE gambling group GVC has failed with a £3.6 billion takeover punt on bookmaker Ladbrokes Coral.... read more

 Daily Express18 hours ago
Productivity pains: Workers burdened with boring tasks

SnapLogic announces the results of its latest study into disconnected data, which uncovers that 90 per cent of employees are being burdened with boring and repetitive tasks which could be easily automated. In fact, these tasks – which include searchi... read more

 SB18 hours ago
BHP Billiton to offload US shale oil operations after shareholder pressure

BHP Billiton is to offload its US shale oil operations after shareholder pressure.... read more

 Daily Express18 hours ago
Provident Financial shares plummet after second profit warning in three months

SHARES in doorstep lender Provident Financial plunged by 66 per cent yesterday after a second profit warning in three months.... read more

 Daily Express18 hours ago
Apple puts brakes on self-driving car project, report says

Company follows Waymo’s lead in pivoting from full ‘Apple car’ to manufacturing tech to automate already existing vehiclesApple is following the road taken by Waymo, the autonomous vehicle subsidiary of Google-parent Alphabet, and downshifting on its... read more

 The Guardian19 hours ago
Pound V euro: GBP plummets against EUR as German factory activity surges

THE pound fell to a fresh ten-month low against the euro this morning as markets welcomed some upbeat PMI figures from Germany.... read more

 Daily Express19 hours ago
‘Backwards looking’ ECB chief Mario Draghi attacked as he defends quantitative easing

THE president of the European Central Bank has been forced to defend the controversial issue of quantitative easing during a time of ultra-low interest rates.... read more

 Daily Express19 hours ago
Sexual harassment and the sharing economy: the dark side of working for strangers

Women working for companies like Uber and DoorDash say they have been groped, threatened and harassed by customers. Their stories highlight how technology connects strangers – and opens the door for abuseWhen a male customer grabbed Melissa’s breast,... read more

 The Guardian20 hours ago
Big UK firms face 2018 slowdown amid Brexit uncertainty, study finds

Profit growth at largest companies is expected to decline as some put plans on hold or move operations elsewhere in EUThe long-term effects of the Brexit vote on the economy will become clear next year when profit growth at some of the UK’s largest c... read more

 The Guardian20 hours ago
Wedding goers splash out more than £87m a year

According to new research, wedding goers shell out an average of £350 per ceremony, when gifts, transportation, outfits and accommodation are taken into account.... read more

 Daily Mail20 hours ago
Young savers have taken liking to pensions, finds survey

Three quarters of people aged 25-34 who have a pension also say they are willing to hike savings levels automatically in line with future pay rises.... read more

 Daily Mail20 hours ago
Incorrect addresses on licences puts 1.5m drivers at risk

New research by comparethemarket.com said that 1.5 million registered drivers have the incorrect address on their driving licence, with each one risking a fine of £1,000 from the DVLA.... read more

 Daily Mail20 hours ago
'Growth is slowing in the UK, but picking up elsewhere' – experts debate Brexit data

Two former members of Bank of England’s interest rate-setting committee find consumers continuing to face a squeezeProfessor of economics at Dartmouth College, New Hampshire, and member of the Bank of England’s monetary policy committee from June 200... read more

 The Guardian20 hours ago
Brexit economy: signs of stability but threat of stormy times ahead

The latest monthly Guardian analysis finds better news after a volatile start to the year, but potential hazards in the EU exit talksMinisters are preparing for crucial Brexit talks this autumn against a backdrop of better news on jobs, inflation and... read more

 The Guardian20 hours ago
Pound v US dollar: GBP holds as Donald Trump threatens government shutdown

A NEW survey revealing business leaders remain concerned over the economic impact of Brexit and political uncertainty is holding the pound below opening levels against the US dollar this morning.... read more

 Daily Express20 hours ago
SME owners aged 18-24 prioritise strategy over convenience

New research from Opus Energy reveals only a minority of SMEs are taking advantage of government driven initiatives such as business zones or industry-driven business clusters, thereby ignoring the possible collaborative opportunities and financial b... read more

 SB21 hours ago