Santander closures: 14 London branches to be shut down January 23, 2019 Santander has announced that 14 London stores will be shuttered as part of the bank's plan to close a total of 140 branches across the UK. Three branches will be closed in the Square Mile, with the Gracechurch Street, Leather Lane and Ludgate Circus banks facing closure this year. Read more: Santander cuts 140 branches – putting 1,270 [...]
From truffle trees to sunken treasure, beware of unregulated investments in your pension January 23, 2019 Self-invested personal pensions, or Sipps, give us the freedom to invest in what we want. But while this DIY approach to pensions appeals to many investors, there are mounting concerns that some Sipp providers are doing customers a disservice by allowing inexperienced investors to allocate their savings to unsuitable schemes. Liberty Sipp is the latest [...]
Social media influencers promise greater clarity over sponsored posts amid CMA crackdown January 23, 2019 A host of high-profile celebrity influencers have agreed to be more transparent about when their social media posts are sponsored amid a crackdown on surreptitious product endorsements. Singers Ellie Goulding and Rita Ora and models Alexa Chung and Rosie Huntington-Whiteley are among the 16 social media stars who have given formal commitments to state clearly [...]
Liam Fox blasts Brexit delay, warning it would be worse than no deal January 23, 2019 Delaying Brexit would be a worse outcome for the UK than no deal at all, international trade secretary Liam Fox warned today. Extending Article 50 beyond the end of March would prove “calamitous” for politicians by breaching the public’s trust, Fox said. Read more: WTO members block UK bid to fast-track post-Brexit entry Meanwhile,cancelling the [...]
Manufacturers’ export hopes at their lowest since financial crisis, as Brexit limbo continues hampering industry January 23, 2019 Manufacturers' hopes for their export businesses are at their their lowest ebb since the 2008 global financial meltdown amid sustained Brexit uncertainty, according to the Confederation of British Industry (CBI). The organisation's latest monthly Industrial Trends Survey said output grew slightly faster than the long-run average in the three months to January with a balance of 16 [...]
Charges dropped against former Tesco executive Carl Rogberg in fraud trial January 23, 2019 The case against the third defendant in the Tesco fraud trial Carl Rogberg has been dropped today. Tesco executive Rogberg, 52, a former finance director at the supermarket giant, was charged with fraud, alongside fellow executives Chris Bush and John Scouler after a hole was found in Tesco’s accounts in 2014, wiping £1.5bn from its [...]
Santander cuts 140 branches – putting 1,270 jobs at risk January 23, 2019 A total of 1,270 jobs are at risk after Santander announced plans to close 140 branches across the UK today. The bank said it expects to redeploy around a third of the employees affected within the business. A shift in customer behaviour is to blame for the closures, the lender said, after research found that [...]
Vodafone and O2 eye sale of phone mast joint venture CTIL to speed up UK’s 5G rollout January 23, 2019 Vodafone and O2 today said they will consider a sale of their joint phone mast venture as they look to expand the partnership ahead of the rollout of 5G. The two telecoms firms said they had entered into a non-binding agreement to extend their existing network sharing partnership CTIL, which owns and manages phone masts, [...]
Rise of the bean counters: Accountants complain Oxford English Dictionary definition is ‘old-fashioned’ January 23, 2019 Accountants should not be dismissed as dull bean-counters, a major industry body has said as it takes issue with the Oxford English Dictionary's definition of the role. The Association of Chartered Certified Accountants (Acca) said it supports an effort by Gary Turner, the managing director of Xero, who claims that the word experts need to [...]
G4S shares down as it reveals $130m payout for class action lawsuit involving 13,500 employees January 23, 2019 G4S shares down after the company revealed late on Tuesday it has agreed a settlement of up to $130m in a class action against the firm in the US. The FTSE 250 company said its US secure solutions arm had agreed to settle the class action case, centring around claims for meal and rest breaks [...]