Posts Tagged: Warren fyfe info

Grenfell Tower: Cladding firm ends global sales for tower blocks

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Image copyright EPA The US firm that supplied cladding used on London’s Grenfell Tower says it has ended global sales of the product for use in high-rise blocks. Arconic said it was discontinuing sales of Reynobond PE for tower blocks due to “issues” identified by the fire, which is feared to have killed at least [...]

Cash ‘lives on’ after 50 years of ATMs

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Media captionFifty years of the cash machine Cash will remain a part of our day-to-day lives for decades, the Bank of England’s chief cashier has said on the 50th anniversary of the ATM. Victoria Cleland said that although the use of notes and coins in transactions is falling, cash is part of all the Bank’s [...]

Ice cream rush helps supermarket sales soar in June

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Image copyright Getty Images June’s soaring temperatures boosted supermarket sales by record levels and sent overheated Britons in search of ice cream. Research firm Nielsen said major retailers enjoyed the largest annual revenue rise for four years, up 4% compared to June last year. Sales of hand-held ice creams rose by 24% as the UK [...]

Brexit: David Davis ‘pretty sure’ of free trade deal

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Media caption“Very French”: What David Davis thinks of his EU counterpart Brexit Secretary David Davis has told the BBC he is “pretty sure”, but not “certain”, that he will be able to get a free trade deal with the EU. He told BBC One’s Andrew Marr Show that other EU states “have a very strong [...]

Royal Bank of Scotland to move hundreds of jobs to India

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Image copyright Getty Images Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans as it shifts many of the roles to India. The state-owned bank said it was moving the jobs, which help to handle loans for small businesses, as part of an ongoing cost-cutting drive. But the company, which owns [...]

Italy forced to bail out two more banks for 5.2bn euros

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Image copyright Getty Images Image caption Intesa Sanpaolo will take on the two failing banks’ good assets Italy’s government is bailing out two banks in the Venice region at a cost of 5.2bn euros (£4.6bn; $5.8bn). The move comes two days after the European Central Bank warned that Banca Popolare di Vicenza and Veneto Banca [...]

Watchdog clamps down on online gambling

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Image copyright Getty Images The competition regulator is to take action against some online gambling companies which it suspects of breaking consumer law. The Competition and Markets Authority (CMA) said some punters did not get the deal they expected from sign-up promotions offering cash bonuses to attract them to gaming websites. The CMA also said [...]

Tesco is raising store staff pay by 10.5% over two years

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Image copyright Getty Images Hourly pay rates for Tesco store staff will rise by 10.5% over the next two years, the supermarket has said. But pay remains lower than at Aldi and Lidl and overtime pay on Sundays and Bank Holidays is being cut. Currently Tesco workers are paid £7.62 an hour, which will rise [...]

Building society’s account deadline axed

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Image copyright YBS A deadline for the closure of current accounts with the Norwich and Peterborough (NP) has been cancelled, with 30% of customers still to receive letters explaining the move. It was announced in January that the building society’s brand is to be abolished, some branches closed, and current accounts shut down. The plan [...]

Qatar wants 10% of American Airlines

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Image copyright AFP American Airlines has received an “unsolicited” approach from Qatar Airways which wants to acquire 10% of the US carrier. In a regulatory filing, American Airlines said Qatar intended to buy at least $808m (£638m) of its shares. American Airlines said it would respond “in due course”. Shares in American Airlines, which is [...]