Posts Tagged: Warren fyfe Articles

Deadline to return old paper £10 notes fast approaching

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Image caption Old paper £10 notes will cease to be legal tender from 1 March 2018 At least £2.1bn worth of old £10 notes need to be spent or exchanged before they cease to be legal tender, the Bank of England says. The deadline to spend or exchange old £10 notes – featuring naturalist Charles [...]

Latvian central bank boss detained by anti-corruption force

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Image copyright Reuters Image caption No official reason has yet been given for Mr Rimsevics’ detention The head of Latvia’s central bank, Ilmars Rimsevics, has been detained by the country’s anti-corruption agency. His home and offices at the Bank of Latvia were both raided by officers. The country’s Corruption Prevention Bureau gave no details about [...]

Jamie Oliver in talks to sell Barbecoa restaurants

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Image caption Jamie Oliver’s restaurant business is facing some tough challenges Celebrity chef Jamie Oliver is considering selling his Barbecoa steakhouses, his company has confirmed. Barbecoa was set up by Jamie Oliver and his friend American barbecue expert Adam Perry Lang in 2011. It has two outlets in London: Piccadilly and St Paul’s. Jamie Oliver [...]

Tesco’s Cardiff call centre closes with loss of 1,100 jobs

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Image copyright Google Image caption The closure has been described as a “massive blow” for the Cardiff economy Tesco’s Cardiff call centre will close on Friday with 1,100 jobs lost. Union of Shop, Distributive and Allied Workers (Usdaw) said it had made “huge efforts” to reverse the decision. In June 2017, Tesco announced the closure, [...]

£10,000 proposed for everyone under 55

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Image copyright Getty Images Image caption What would you do with £10,000? The government should give £10,000 to every citizen under 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said it could pave the way to everyone getting a basic state wage. The idea sees two [...]

Uber to report crimes direct to police to boost safety

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Image copyright Reuters Uber is to report crimes directly to the police and will set up a phone line as part of measures to improve safety. Last year, a Metropolitan Police officer said in a letter that passengers were being put at risk because of delays in the reporting of sexual assaults. The company said [...]

Steel pensions scheme victim to ‘major mis-selling scandal’

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Image copyright Getty Images British Steel pension scheme members were targeted by “vulture” financial advisers after Tata was allowed to offload its retirement fund, MPs say. In 2017 the Indian firm announced a restructuring of the £14bn fund to keep its UK loss-making operations afloat. But the government, Tata and regulators failed to protect 124,000 [...]

Divorcing couples may clash over Bitcoin

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Image copyright Getty Images Divorcing couples are being warned to disclose all their assets amid fears that some may use digital currencies such as Bitcoin to hide their wealth. Lawyers suggest that the anonymous nature of these digital currencies could prove tempting to those involved in an acrimonious split. One solicitor said she had seen [...]

Airbus takes new €1.3bn hit on A400M troop carrier

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Image copyright Airbus Airbus has written off another €1.3bn (£1.2bn) on its troubled A400M military transport plane, bringing total losses on the project to more than €8bn. The A400M has had setbacks over the years, most seriously a crash during a test flight in Spain in 2015 which led to the deaths of the four [...]

Heathrow duty free Chinese discrimination ‘unacceptable’

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Image copyright Getty Images Image caption Chinese shoppers were offered different rates to non-Chinese travellers Heathrow Airport have said a duty free discount event run by its commercial partner World Duty Free which offered different rates to Chinese and non-Chinese customers at the weekend was “unacceptable”. Chinese travellers were asked to pay a minimum spend [...]