High court orders traders to pay £7.5m for manipulating share prices
FCA says case of market abuse by three traders and two investment firms shows they will take robust action to ensure integrity of UK markets Three Hungarian traders and two investment firms have been ordered to pay £7.5m after manipulating the share prices of 186 companies in London. The high court made the ruling in […]
Is chugging along enough after railway upgrades put on pause?
With election promises shelved, passengers are facing slow progress on many rail routes, particularly in the north. The state of Britain’s railways is under review It all sounded different before the election. The chancellor, George Osborne, had promised a northern powerhouse, connecting the cities of the north into one booming economic entity, forged by fast […]
Chinese economy shockwaves: the winners and losers
What impact has China’s currency devaluation had on popular brands, neighbouring countries and shoppers? BurberryThe British luxury fashion group makes 40% of its sales to Chinese consumers, including those travelling abroad. Burberry shares have fallen about 8% in two days in anticipation that higher prices for Chinese customers will translate into lower sales. Continue reading… […]
US stock markets follow global drop over Chinese economy concerns
Dow Jones reaches six-month low as investors worldwide worry that world’s second-largest economy may be in worst shape than had been believed US stocks dropped sharply on Wednesday following a slide in markets across the world due to concerns about the health of the Chinese economy. All the major US stock indices opened lower on […]
Helping inclusive businesses measure performance and social impact
Business Call to Action’s Impact Measurement Services program provides members with survey design expertise so they can fully evaluate their impact One afternoon under the grey skies of India’s monsoon season, Prashant, a collection officer with Mahindra Rural Housing Finance, sits with one of his customers at her home in a remote village in the […]
‘It's literally stealing’: passengers react to UK airport stores VAT row – video
Travellers speak out over the claims that some UK airport shops are not passing on savings made through VAT rebates. Retailers can avoid paying the 20% tax on items sold to customers travelling outside the EU by using information from boarding passes. However, Treasury minister David Gauke said some retailers were not reflecting these savings […]
TK Maxx withdraws ‘Je suis over it’ T-shirt from sale after complaint
Customer says slogan could be seen as referencing Charlie Hebdo massacre, though design is understood to predate it The fashion retailer TK Maxx has launched an internal review after a customer complained that one of its T-shirts could be seen as mocking the Charlie Hebdo massacre in Paris. The black T-shirt printed with the slogan […]
Figures do not prove EU migrants are taking new UK jobs or driving down pay
Latest statistics show EU nationals account for 55% of net jobs growth, but it is too simple to say this is to blame for rise in UK unemployment Coming three months after a general election in which an avowed anti-migrant party won 3.8m votes, there was inevitably going to be a debate about employment figures […]
China's currency devaluation could spark 'tidal wave of deflation'
Western central banks advised to resist raising interest rates and told to prepare to ward off deflationary slump in face of cheaper Chinese exports “Make no mistake, this is the start of something big, something ugly.” City economist Albert Edwards rarely minces his words, but his reaction to China’s devaluation, which sent shockwaves through global […]
Airport shops row: Boots and Dixons to issue new rules on boarding pass checks
Amid passenger revolt retailers are understood to be speaking to staff reminding them customers are not obliged to show boarding cards Boots and Dixons are to issue new guidance to airport staff about checking customers’ boarding passes following a consumer revolt over “rip-off” VAT charges. Customers of Boots and Dixons and other prominent stores including […]