News: Money

Debenhams shares rocked on credit insurance alert

Monday  18:55,   16 july 2018

Euler Hermes is among the companies to have withdrawn some cover.Credit insurance company Euler Hermes is among those to have pulled some cover, while Atradius and Coface have refused to cover new shipments, according to the Sunday[...]

China warns on trade war as economy slows

Monday  18:55,   16 july 2018

China has warned of risks to the world economy from a Donald Trump-inspired trade war, while reporting a slowdown in its own growth. The world's second-largest economy said gross domestic product (GDP) rose at an annual rate of 6.7% in the second[...]

What's the secret to early retirement? Ditch your 'default' work pension and branch out with investments to boost your saving power

Monday  18:06,   16 july 2018

The average return from typical 'default' pension funds is trounced by the performance of 10 actively managed funds popular with workers who choose their own investments, new research shows.The average return from typical 'default' funds[...]

August rate rise looms as inflation is tipped to rise back up to 2.6%, as higher oil price bites at the petrol pumps

Monday  17:54,   16 july 2018

The official inflation rate – the Consumer Prices Index – for June will be revealed on Wednesday and is widely expected to be 2.6 per cent, compared with 2.4 per cent in May.  The consultancy Capital Economics said fuel and oil price rises are[...]

Opinions | The $247 trillion global debt bomb

Monday  17:07,   16 july 2018

To service these debts requires rising incomes, while an expanding trade war threatens to squeeze incomes. The resort to more tariffs and trade restrictions will make it harder for borrowers to pay their debts. At best, this could slow the global[...]

I've gone from entrepreneur of the year to 'criminal' - but it isn't over and I WILL get justice': Robert Tchenguiz interview

Monday  15:05,   16 july 2018

Tchenguiz’s assets in the family trust have been frozen since the collapse of Kaupthing bank in 2008, which led to Robbie and his brother Vincent being arrested for suspected fraud by the SFO.By ‘boat’, Tchenguiz means My Little Violet, the 49-metre [...]

Boeing concerned about tariff talk, but no business impact yet

Monday  12:06,   16 july 2018

Boeing Co (BA.N) is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday.[...]

‘Game Of Thrones’ Star Maisie Williams Is Ready To Launch App

Monday  11:50,   16 july 2018

Maisie Williams is launching an app for creative people to network and collaborate.“Game of Thrones” star Maisie Williams has taken on Westeros, and now she’s entering the tech world. The actress announced her app earlier this year, and Sunday, she[...]

Unilever grandees weigh Dutch headquarters shift

Monday  11:25,   16 july 2018

The consumer goods giant behind Dove and Marmite‎ has opened talks with the trust established by one of the group's founders as part of a shareholder charm offensive aimed at abolishing its UK headquarters. Sky News has learnt that ‎Unilever[...]

Elon Musk has a new interest group that could be added to his list of enemies: Cabbies

Sunday  20:40,   15 july 2018

Elon Musk's ambitions often come under attack from entrenched interest groups. Now Musk's Boring Company has a deal with Chicago to build a high-speed tunnel train to O'Hare Airport. The far-thinking billionaire entrepreneur and [...]

Carillion demise spurs share sale clampdown

Sunday  07:25,   15 july 2018

The bosses of Britain's biggest public companies‎ could be forced to hold onto shares for years after they retire under new corporate governance rules to be unveiled next week. Sky News has learnt that executives will face a ban on the sale of[...]

Ryanair and Lufthansa in row over Laudamotion jets

Saturday  20:31,   14 july 2018

Ryanair and rival airline Lufthansa have clashed over Laudamotion, the Austrian carrier in which Ryanair has just received approval to take a 75pc stake.Ryanair denied that the airline had failed to meet lease payments and said Lufthansa had failed[...]

Poundworld closes 80 more stores with 1,024 jobs lost

Saturday  20:05,   14 july 2018

The administrator of Poundworld has announced plans to close another 80 stores with the loss of 1,024 jobs.   It's the second time this week that Deloitte has had to take drastic action at the failed bargain retailer.On 10 July, it announced[...]

Trump backs May on Brexit in bid to repair ties

Saturday  13:35,   14 july 2018

Donald Trump has sought to repair the diplomatic wounds he inflicted on Theresa May by insisting whatever course the British prime minister took on the UK’s future relationship with the EU “is OK with me”. ..The American president insisted his[...]

Trump Says May's Brexit Plan Could 'Kill' Chances for U.S. Trade Deal

Saturday  07:30,   14 july 2018

President Donald Trump warned U.K. Prime Minister Theresa May that a plan her government released Thursday outlining its future economic relationship with the European Union could hurt chances of a bilateral trade deal.The public rebuke of Mrs. May, [...]