EconomyLoop
where regional business news becomes global to everyone

Pound euro exchange rate: GBP holding against EUR ahead of BoE meeting

THE pound euro exchange rate is currently at €1.137, with the pairing virtually unchanged from this morning’s opening levels. The pound is in a holding pattern with the euro this morning, with GBP investors reluctant to make any moves before the Bank... read more

 Daily Express34 minutes ago

     
Brexit: Ireland could bring in 'Ryanair-type' passport controls

The head of Brexit planning at Irish customs and revenue authority says Ireland is planning for some sort of border controlIrish customs authorities have looked at introducing “Ryanair-type” passport controls on ferries, checks on private jets and he... read more

 The Guardian59 minutes ago
Daimler issues profit warning on back of US-China trade dispute

Mercedes-Benz maker expects the tit-for-tat tariff spat to hit car salesThe Mercedes-Benz maker Daimler has become the first major company to issue a profit warning after being hit by the escalating trade war between the US and China.The German carma... read more

 The Guardian1 hour ago
Dixons Carphone profits fall 24% amid warning of no quick fix

New boss Alex Baldock says ‘we have plenty of work to do’ but is confident in long termThe new Dixons Carphone boss, Alex Baldock, has underlined his warning that fixing the retailer’s problems will take time, as he reported a 24% plunge in profits.T... read more

 The Guardian2 hours ago
FTSE LIVE:  Shares on the rise again as focus turns to the Bank of England

Shares are on the rise on Thursday as market focus turns to the Bank of England. Mark Carney and co are due to reveal whether rates will rise this month, with the answer near certain to be no.... read more

 Daily Mail2 hours ago
Bank of England interest rate decision and Greek debt relief talks - business live

All the day’s economic and financial news, including the Bank of England’s interest rate vote and a eurogroup meeting on GreeceUK interest rate decision at noonEurozone finance ministers to discuss Greek bailoutAthens: We need substantive debt relief... read more

 The Guardian3 hours ago
Dixons Carphone CRISIS: Mobile giant reports 24% fall in profits as 100 stores TO GO

ELECTRICAL retailer Dixons Carphone has reported a 24 percent fall in profits to £382 million for the year to April 28 and has warned that profits will fall again in the year ahead.... read more

 Daily Express3 hours ago
Bitcoin price LIVE: BTC 'exhausted' at $6k - 'bottoming process' could sink crypto to $4k

BITCOIN is fighting back after news of yet another hack on an exchange in South Korea sent crypto prices tumbling this week. However, one expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to "$4,500".... read more

 Daily Express3 hours ago
Children are exposed to a third more toxic car fume than their parents

Thermal imaging conducted outside schools showed that children under 11 years inhale almost a third more harmful vehicle fumes because they are in closer proximity to car exhausts.... read more

 Daily Mail3 hours ago
The Lifetime Isa is a duff idea but a great deal if saving for a home

The 25% bonus is a level of a return you would need to wait 25 years to achieve on money paid into a standard savings account paying 1.5 per cent interest.... read more

 Daily Mail3 hours ago
Renters will pay an average MILLION pounds more than homeowners over the course of a lifetime

According to new research, lifetime renters will spend £1.6 million on average over a 60 year period.... read more

 Daily Mail3 hours ago
Tapping in to the big tech firms' relentless appetite for acquisitions could boost your investments

Instead of trying to second guess the tech giants' shopping lists, the best bet is to add some good technology funds to your portfolio which offer exposure to a basket of companies.... read more

 Daily Mail3 hours ago
Vitality offers discount platform charges to investors who lead a healthy lifestyle

Investors could cut their investment fees by going to the gym or walking 10,000 steps a day under a new health-driven initiative by insurer Vitality.... read more

 Daily Mail3 hours ago
Smartphone use blamed as water feature is bricked up

The Rill near London Bridge falls victim to health and safety for people on phonesNo ball games, no busking, no protests – and now no stream. The More London estate, which covers 13 acres of the the south bank of the Thames, providing a home for City... read more

 The Guardian3 hours ago
'Yours cynically': emails show DfT contempt for rail users, says MP

Labour’s Lisa Nandy says ministers and officials were warned over timetable changesPrivate emails sent between government officials after warnings of impending rail chaos in the north of England show “complete disrespect and contempt” for passengers,... read more

 The Guardian3 hours ago
May risks row with Brexiters over plan for single market for goods

Free market for goods likely to be at cost of UK concessions on freedom of movementTheresa May could once again be on a collision course with the Brexiter wing of her party over a controversial proposal to keep the UK in a single market for goods.Whi... read more

 The Guardian3 hours ago
Why did GWR slam the brakes on my bike booking?

I reserved space for two cycles on a train, but was only sent one ticketI made a telephone booking with GWR for two return train tickets, including reservations for two cycles, from London Paddington to Plymouth. My tickets arrived, but the reservati... read more

 The Guardian4 hours ago
The right sees opportunity in a crisis. Why can’t the left? | Larry Elliott

Labour missed its chance for real change after the financial crash. Now it is in danger of flunking it on BrexitIn normal circumstances, John McDonnell’s plan to shake up the Bank of England would be creating quite a buzz in Labour circles. The propo... read more

 The Guardian4 hours ago
Disney ups Fox offer to £54bn

A BLOCKBUSTER of a bidding war for 21st Century Fox intensified yesterday as Walt Disney offered $71.3billion for the bulk of Rupert Murdoch’s prized entertainment assets.... read more

 Daily Express5 hours ago
Tesco 'planning' discount chain to take on Aldi and Lidl

Retailer has reportedly hired advisers to develop separate brand as threat from discounters growsBritain’s biggest supermarket group is understood to be working on a secret plan to develop a new discount grocery chain to take on cut-price chains Aldi... read more

 The Guardian7 hours ago
'Trump slump': gunmaker American Outdoor Brands hit by sharp sales drop

Firearms sales fall 40% for firm once called Smith & WessonFigures continue downward trend under pro-gun presidentThe “Trump slump” struck again on Wednesday as American Outdoor Brands Corporation, the gunmaker formerly known as Smith & Wesson, repor... read more

 The Guardian10 hours ago
Dubbel-edged sword: Belgians drink less of their beer but exports rise

Twice as much beer made in Belgium is being exported as drank by domestic consumersTwice as much Belgian beer is being exported as consumed domestically, with drinkers increasingly turning their backs on one of Belgium’s most celebrated products.The ... read more

 The Guardian10 hours ago
Chancellor to promise a series of post-Brexit financial partnerships

Philip Hammond will use speech to outline a plan for striking deals outside the EUThe government plans to safeguard London’s position as the world’s leading financial centre after Brexit by signing a series of financial partnerships with non-EU count... read more

 The Guardian10 hours ago
Halfords chief earns £1.8m for 75 days in job

The bicycle retailer awarded new boss Graham Stapleton the bumper pay package which averages £24,000 a day – around the same as the average worker earns all year.... read more

 Daily Mail13 hours ago
ALEX BRUMMER: Sky's the limit for Fox bids as a desperate Disney vies to outdo Comcast

The love dance between Rupert Murdoch of 21st Century Fox and Bob Iger of Disney has moved a long way since talks last Autumn.... read more

 Daily Mail13 hours ago
US marines in £1bn deal to buy 30 of BAE's bomb-proof surfing tanks

BAE beat off competition from rival US tech firm Science Applications International Corporation. It will split the cash with partner Iveco Defence Vehicles.... read more

 Daily Mail13 hours ago
It's baloney! Bosses attacked for promise to cut prices in £14bn supermarket merger

Store bosses, including chief exec Mike Coupe, claim the deal will allow them to cut prices on some essential products by 10 per cent, while protecting small suppliers, such as British farmers.... read more

 Daily Mail13 hours ago
IN THE MONEY: DS Smith boss Miles Roberts trousers £4m despite having taken a pay cut

Box maker boss Miles Roberts will trouser £4m despite taking a pay cut. The chief executive of DS Smith saw his pay fall 16.8 per cent from £4.9m, according to the firm’s annual report.... read more

 Daily Mail13 hours ago
MARKET REPORT: Tobacco company Imperial Brands stock is smoking hot

Broker Liberum named the business, which is currently in a recruiting push for staff to develop its ‘next generation’ products, as its top pick in the UK tobacco sector.... read more

 Daily Mail13 hours ago
Disney raises offer for 21st Century Fox’s entertainment arm to £54bn in bid to see off Comcast

Assets being sold by Fox include its film and television studios, National Geographic, a 30 per cent stake in video website Hulu, Indian network Star and Fox’s stake in British broadcaster Sky.... read more

 Daily Mail13 hours ago
Glaxo leads race for £20bn miracle jab: Firm touts new HIV treatment

The company is racing against archival Gilead Sciences to develop treatments that supress the virus but also reduce side effects for patients, who can now live with it well into old age.... read more

 Daily Mail13 hours ago
£1.2bn deal to save British chip maker sunk by Apple

Reading based Dialog Semiconductor is in talks to buy US rival Synaptics - a bigger company - in a move that is seen as an attempt to protect itself from Apple.... read more

 Daily Mail13 hours ago
CITY DIARY: Humiliation comes in threes for deposed BT Boss Gavin Patterson

Deposed BT boss Gavin Patterson faced the embarrassment of seeing his firm’s share price rise when his dismissal was annouced a fortnight ago.... read more

 Daily Mail13 hours ago
DAILY BRIEFING: Nearly £5.5bn is wiped off the value of Chinese chip maker ZTE

The White House had said the company would be given relief from measures taken against it but the Senate has since voted to overrule that decision.... read more

 Daily Mail13 hours ago
It's clear who really benefits from tax cuts - and it's not true blue battlers | Greg Jericho

A school principal is an odd occupation to pick as being somehow representative of ordinary AustraliansThe tax cut debate, as expected, has led to an absolutely mountain of manure designed to mislead about who is going to benefit. Data on personal in... read more

 The Guardian14 hours ago
Bitcoin price news: Will bitcoin recover? Will BTC go back to $10,000?

BITCOIN appears to be back on the rise today, as recent charts show a steady increase across most cryptocurrencies. The market is working to recover after the digital token saw a sharp drop among several hacks in South Korea. Will BTC recover?... read more

 Daily Express14 hours ago
Sainsbury’s takeover of Asda could do with some rigorous scrutiny

Let’s hope the Competition and Markets Authority can get clearer answers than this committeeThe grilling by MPs of the bosses of Asda and Sainsbury’s was painful. Not for Roger Burnley and Mike Coupe, but for poor viewers obliged to listen to Neil Pa... read more

 The Guardian16 hours ago
Burger King continues quest for Peace Day burger after McWhopper rejection

Fast-food chain’s offer of a joint ‘peace burger’ drew disdainful rebuff from McDonald’s but other US burger chains may be interestedBurger King is refusing to give up on its attempt to release a showpiece burger in conjunction with rival fast-food c... read more

 The Guardian17 hours ago
Get impregnated by a World Cup player, win free Whoppers, says Burger King

Burger King’s Russian division has apologized for a social media campaign offering free burgers for life to women who get pregnant by football starsBurger King has apologized for a poor-taste ad campaign posted on its official Russian social media ac... read more

 The Guardian18 hours ago
David Drumm, former chief of Anglo Irish Bank, sentenced to eight years in jail

Found guilty of fraud, Drumm’s case related to banking transactions during the financial crisisThe former chief executive of Anglo Irish Bank, David Drumm, has been sentenced to eight years in jail but will serve six, over transactions conducted duri... read more

 The Guardian18 hours ago
Berkeley hits peak profits as it warns of London housing slump

Luxury housebuilder reports annual profits of nearly £1bn but Brexit jitters remainThe London-focused housebuilder Berkeley Group has announced record annual profits of nearly £1bn, but warned profitswere likely to fall in the coming year by about a ... read more

 The Guardian19 hours ago
Upmarket restaurant chain Prescott and Conran collapses into administration putting 168 jobs at risk

High-end restaurant chain Prescott and Conran, founded by Sir Terence Conran, has slumped into administration, putting over 168 jobs at risk.... read more

 Daily Mail19 hours ago
Port of Dover warns of 'regular gridlock' in event of hard Brexit

Port’s head of policy says there will be serious congestion without a suitable trade dealThe port of Dover has warned there will be serious traffic congestion once a week in the town and on surrounding routes unless the government achieves a Brexit d... read more

 The Guardian19 hours ago
MPs tell Asda and Sainsbury's merger was 'financial fix'

Asda and Sainsbury’s bosses accused of giving ‘mickey mouse numbers’ to parliamentary committeeThe bosses of Asda and Sainsbury’s have been accused of using “mickey mouse numbers” by MPs, who also dismissed the two grocers’ promise to continue runnin... read more

 The Guardian19 hours ago
Plant hire firm Ashtead cleans up

STRONG demand in America to rent its equipment in the clean-up following last year's hurricanes Harvey, Irma and Maria boosted Ashtead Group's revenue by $100million .... read more

 Daily Express20 hours ago
£10m loss Hornby stuck at red

MODEL train maker Hornby's new boss Lyndon Davies said mistakes under previous management were continuing to derail sales as it slipped deeper into the red.... read more

 Daily Express20 hours ago
Marks and Spencer told to team up with AMAZON to save retailer as stores close

MARKS & Spencer has been told that it should “seriously” consider a partnership with online giant Amazon as the UK’s high-street favourites continue to struggle against the new digital giants.... read more

 Daily Express20 hours ago
Fixed-odds betting terminal curb delay is reprehensible, say MPs

Philip Hammond in firing line over postponement of new £2 maximum stake until 2020The chancellor, Philip Hammond, will be branded “morally reprehensible” by MPs who accuse him of propping up government finances with gambling addicts’ losses by delayi... read more

 The Guardian20 hours ago
Sir Terence Conran’s restaurant group calls in administrators

Three remaining Prescott & Conran outlets suffer from weak consumer demandSir Terence Conran’s restaurant group has called in administrators as the sector suffers from weak consumer demand.The 86-year-old design and restaurant mogul’s Prescott & Conr... read more

 The Guardian20 hours ago
New luxury eco-development in Greece sees average sold price reach £5million

There are 50 plots of land for new homes at the development, which also includes established five-star hotels and one of Europe's best golf courses.... read more

 Daily Mail20 hours ago