Lloyds Bank suffers IT outage as customers struggle to send and receive money January 18, 2019 Thousands of Lloyds Bank customers were unable to make payments this afternoon after the bank experienced an IT outage. Customers complained of difficulties transferring money from their accounts due to issues related to the lender's Faster Payments system, which allows customers to send and receive payments by internet or phone. "We are aware that some customers [...]
Opinion: Property raffles are 500 times easier to win than the EuroMillions but they’re not going to go mainstream until they’re transparent January 18, 2019 Property raffles have certainly generated national media column inches over the past few years. There has been a huge buzz around the concept and it’s easy to see why – the thought of owning a multi-million pound home for the small cost of a ticket could turn an ordinary person struggling to get a foot [...]
Met Office warns UK of snow as Londoners brace for colder weather January 18, 2019 The Met Office has issued yellow warnings for snow throughout the UK as Londoners prepare for the arrival of a severe cold snap next week. The snow warnings are expected to last into Friday night across Scotland, northern England and the north Midlands, with the Met Office advising commuters to be aware of longer journey [...]
Poor trading over Christmas period dulls Tiffany and Co’s outlook January 18, 2019 Luxury US jeweller Tiffany and Co has become the latest retailer to suffer in a global downturn as it reported a decline in sales over the Christmas period. Worldwide net sales declined one per cent to $1.04bn and like for like sales were down two per cent for the two months ending 31 December. Read [...]
Tulip skyscraper plans hit fresh problems as City Hall planners claim proposal breaches regulations January 18, 2019 Plans to build the Tulip skyscraper in the City could be nipped in the bud after City Hall officials said the proposals would breach Sadiq Khan’s planning regulations. Developers plan to build the dramatic 305-metre viewing attraction dubbed ‘The Tulip’, which would be built alongside The Gherkin in the heart of London’s financial district. Read [...]
Gillette needs to sharpen up if it wants to stop ‘toxic masculinity’ January 18, 2019 You’re looking sharp. You’re looking good. You’ve come so far. Clean-cut, handsome alpha males do lots of photogenically masculine things. They hang out dressed in tuxedos, have their tie adjusted by their attractive girlfriend/wife, do a fist clench after a landline phone call at work, and show their young son how to shave and lift weights. [...]
Rio Tinto rises as iron output grows two per cent in line with expectations January 18, 2019 Rio Tinto showed its metal this morning as iron shipments increased two per cent in line with the company’s 2018 guidance. Shares in the FTSE 100 miner had risen around one per cent by the early afternoon to 2,937p as the company reported that copper output had rocketed 33 per cent, ahead of expectations. However forecasts [...]
Godiva shortlists bidders ahead of $1.5bn Asia-Pacific sell off January 18, 2019 Premium chocolatier Godiva has selected Baring Private Equity Asia and CVC Capital Partners as two of the suitors to make final bids for the company's Asia-Pacific assets. Other firms that have been shortlisted include buyout company North Asian MBK Partners and Marunouchi Capital, an investment arm of Mitsubishi. The companies are set to go head [...]
Murdoch eyes up mega-merger between The Times and The Sunday Times January 18, 2019 Media baron Rupert Murdoch is seeking permission to merge The Times and The Sunday Times in a bid to cut costs across the newspapers. News UK, the holding group for the two titles, has made an application to the government to overturn a law that prevents the titles from merging. Read more: ITV shares tumble [...]
CEO Elon Musk reveals plan to slash Tesla headcount as electric car firm targets “tiny profit” January 18, 2019 Tesla is set to cut its workforce by around seven per cent, sending shares down in pre-market trading. Chief executive Elon Musk told staff that the company has "no choice" but to reduce its full-time employee headcount after growing unsustainably large. Read more: US billionaire reveals significant stake in Tesla Musk also blamed squeezing margins at [...]