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Evening Star News

Felixstowe-based firm to sponsor Ipswich Pulse Festival for two years (5 hours old)

Ipswich Pulse Festival, which brings innovative art productions to the town, is to be sponsored by Felixstowe-based Harrison C White Group for the next two years.

Man fighting for life rescued by firefighters in Ipswich (5 hours old)

Firefighters from Ipswich had to use the service’s turntable ladder to rescue a man who was discovered in a life-threatening condition by paramedics on Sunday night

Suffolk One students bring West End glamour to their Ipswich campus (7 hours old)

Students from Ipswich’s sixth form college are bringing a touch of the West End to break their summer term exam season.

Everything is awesome as nursery turns to Lego for Suffolk Show plans (7 hours old)

Hundreds of displays of flowers will be adding colour to the Suffolk Show this week – but few will have started life quite like the offering from Katie’s Gardens plant centre.

Hollesley Bay prisoner given conditional discharge for having mobile phone in cell (8 hours old)

A former Hollesley Bay prisoner has been given a conditional discharge and must pay £20 to the victims’ fund after being found in possession of a mobile phone in his cell.

Police caught nearly 200 drivers using mobiles in crackdown’s first month (8 hours old)

Nearly 200 drivers were caught using their mobile phones in Suffolk in the wake of a major crackdown.

Perfect boating weather brings out the crowds to Brightlingsea Regatta (8 hours old)

The glorious sunshine over most of the Bank Holiday weekend brought out the crowds to Brightlingsea Regatta for one of the traditional highlights of the Essex summer season.

Suffolk youngsters play at Wembley in build-up to Championship final (9 hours old)

Youngsters from Cedarwood Primary School in Kesgrave are preparing for their big Bank Holiday Monday match at Wembley.

Ipswich runners pelted with paint to raise funds for East Anglia’s Children’s Hospices (10 hours old)

There were explosions of colour in Ipswich’s Christchurch Park as around 400 people donned their running shoes and volunteered to have powder paint thrown at them – all in a good cause.

Colchester man and Chelmsford man arrested on suspicion of racist Twitter posts after Manchester Arena attack (10 hours old)

Two men from Essex have been arrested on suspicion of racially aggravated social media comments in the wake of the Manchester Arena attack.

UK homepage

Europe can no longer rely on US, says Merkel (9 hours old)

‘We must take destiny in our own hands,’ warns German chancellor

Is China’s economy turning Japanese? (9 hours old)

It is more than 30 years since Tokyo began inflating a property and stock market bubble, as fears grow that Beijing faces a similar fate

BA passengers hit by second day of fallout from IT failure (8 hours old)

Airline struggles to tackle cancellations and delays despite many systems being back up

Security clash starts last full week of election campaign (5 hours old)

May and Corbyn set to face second major broadcast test on Tuesday

Police make further arrests over Manchester attack (5 hours old)

Thirteen in custody after raids as athletics event underscores city’s resilience

Frustrated business seeks to rebuild ties to Number 10 (7 hours old)

Group of executives, ministers and civil servants to tackle loss of influence

Energy groups think digital to serve homes of future (16 hours old)

Under pressure to cut bills, utility companies diversify to safeguard profits

Isis hates music for its power over us (14 hours old)

Songs are physiological experiences, capable of doing powerful things to us

May must acknowledge costs of immigration pledge (21 hours old)

But the prime minister finds it hard to face up to difficult trade-offs

Value of US and European private groups soars (13 hours old)

Late-stage tech groups shun public markets as benefits of not listing endure

© Copyright The Financial Times Ltd 2017. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Economy | The Guardian

British Airways could face £100m compensation bill over IT meltdown (8 hours old)

IT glitch affected more than 1,000 flights over weekend meaning people missed holidays, lost luggage or were stranded on aircraftBritish Airways could face a bill of at least £100m in compensation, additional customer care and lost business resulting from an IT meltdown that affected more than 1,000 flights over the weekend.All the airline’s flights from Heathrow and Gatwick were grounded on Saturday. Services resumed on Sunday but cancellations and delays delays persisted with about 200 BA flights in and out of Heathrow cancelled on Sunday, according to Guardian calculations. There were no ca[...]

UK's biggest solar company takes shine to global projects with deals worth £3bn (10 hours old)

Solarcentury turns to Europe and Latin America as it transforms into an international firm to maintain growth hit by green cuts in home marketBritain’s biggest solar power company has shrugged off the cloud of drastic UK subsidy cuts by reinventing itself as an international firm with more than £3bn of projects planned.More than 12,000 solar jobs were lost in the industry after the government slashed support in 2015, but Solarcentury has survived by turning outward to target markets in Latin America and Europe. Continue reading...

Far from ‘strong and stable’, May’s economic plan is weak and unstable (14 hours old)

Labour has won the battle of the manifestos with policies that can deliver better growth whereas the PM’s offering more of the same: cuts Had Theresa May come back from her Easter walking holiday and decided against holding a general election, few would have blamed her. Going to the country on 8 June was always a gamble, as has become evident the longer the campaign has gone on. Consider the reasons for caution. It is mid-term when governments tend to be unpopular. The public is sick of politics after the 2014 Scottish referendum, the 2015 general election and last year’s EU referendum. May ha[...]

Spotify hopes going public will cement streaming as music's future (1 day old)

As music industry celebrates second straight year of growth, service hopes to buck trend of tech industry disappointments on Wall StreetThe world may love the services they provide, but the new generation of tech companies haven’t found much love on Wall Street recently. Spotify, the leading music streaming service, is hoping to change that with a share sale that could lead another round of “unicorns” to try their luck on the US stock markets. Continue reading...

Judge expects update on Royal Bank of Scotland settlement negotiations (7 hours old)

Former RBS boss Fred Goodwin will avoid having to appear in court if multimillion-pound settlement with investors reachedA judge will learn this week if a multimillion-pound settlement has been reached that would keep the former Royal Bank of Scotland chief executive Fred Goodwin from having to appear in court. Goodwin has been called to give evidence in the long-running legal battle brought by thousands of investors who argue they were misled into buying the bank’s shares in a £12bn cash call in April 2008. The bank was bailed out six months later, leaving the shareholders nursing losses. Con[...]

Election rules hit Bank's recruitment as monetary policy committee shrinks (12 hours old)

Deferred appointments could see MPC voting on interest rates with seven instead of nine members for the first time since 2006The Bank of England’s rate-setting team could be reduced to seven members for the first time in nearly 11 years as election “purdah” rules will delay appointments until at least next month.The Bank’s monetary policy committee (MPC) has eight members from the usual nine after deputy governor Charlotte Hogg was forced to resign in March for failing to declare her brother works for Barclays. Continue reading...

Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain (10 hours old)

Takeover of brand that once dressed Audrey Hepburn and Marilyn Monroe is part of retailer’s drive to launch Days departmental stores across the UKEdinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain.Philip Day, the billionaire owner of the Edinburgh Woollen Mill group, wants to open at least 50 of his eponymous Days stores, the first of which opened in Carmarthen, Wales, late last week. Continue reading...

Brighter skies over eurozone as growth and employment pick up (1 day old)

We take the temperature of five of Europe’s key economies now that political threats appear to have diminishedWhat a difference a few months make. As 2017 opened, eurozone politicians still raw from the shock of the Brexit vote and Donald Trump’s presidential triumph were nervously awaiting elections in the Netherlands and France.They feared that discontent would propel the populist wave into the heart of Europe and usher in far-right, anti-euro leaders. In the event, the predicted surge for Dutch populist Geert Wilders failed to materialise and in France, Front National candidate Marine Le Pe[...]

Sandbanks and Salcombe top UK seaside property league (1 day old)

Towns in Dorset and Devon may boast highest prices but it is coastal homes near London and Aberdeen that have seen biggest rises since 2007Sandbanks in Dorset, Britain’s Mayfair-on-Sea, has once again emerged as the most expensive seaside town in the country.Home to former Premier League managers and millionaire businessmen, the average price of a home on the glitzy peninsula is now just more than £664,000. Next in price is the sailing hotspot of Salcombe, further along the south coast in Devon, where a house will set you back £618,000. Continue reading...

EE and Vodafone are UK’s worst mobile providers, says Which? (1 day old)

Survey finds the two networks – which together account for more than half the market – have satisfaction score of just 50%EE and Vodafone have been named as the UK’s two worst mobile phone providers by the consumer group Which?In its sixth annual survey of members, EE and Vodafone, which together account for more than half the market, recorded the worst scores for customer satisfaction. Giffgaff was named as the firm with the happiest mobile customers. Continue reading...

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2017

Telecoms

Telecoms group Colt plans expansion into US market (12 hours old)

Group aims to become world’s largest metropolitan fibre company within three years

BT may offer assets to trustees of pension scheme (3 days old [25/05/17])

Telecoms group considers ways to reduce amount of cash it spends to plug deficit

EU urged to push ahead with telecoms deregulation (3 days old [25/05/17])

Operators warn that proposed changes to plans put 5G investment at risk

KPMG resigns as auditor of Lycamobile (4 days old [24/05/17])

Accountancy firm says it was unable to obtain sufficient information from company

Sunrise sells mobile masts to Cellnex in SFr500m deal (4 days old [24/05/17])

Swiss telecoms company is latest to offload physical infrastructure to cut costs

Altice to rebrand businesses in bid to reposition itself (5 days old [23/05/17])

Acquisitive cable, telecoms and ad group looks to single name to help unite activities

BT faces potential £232m tax bill in Brazil (6 days old [22/05/17])

Disclosure comes against backdrop of Italian scandal in Global Services division

© Copyright The Financial Times Ltd 2017. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Technology

British Airways counts cost of outage disruption (9 hours old)

Other airlines have suffered similar woes that hit revenues and profits

Five corporate IT failures that caused huge disruption (11 hours old)

Airlines, banks and exchanges have all suffered outages that were not the result of hacking

Value of US and European private companies soars to $490bn (13 hours old)

Late-stage tech groups shun public markets as benefits of not listing endure

How to fix the welfare state for the entrepreneurial age (13 hours old)

Technology allows us to harness personal computing and networks to pool risks

Nintendo to ramp up production of Switch as demand soars (14 hours old)

Gaming console helps boost company’s valuation to highest since 2008

Zalando updates its look as it prepares for a new push by Amazon (21 hours old)

Europe’s biggest online fashion retailer says relationship to brands gives it an edge

Global computer outage grounds British Airways flights (1 day old)

Travellers report being trapped in Heathrow airport after major IT system failure 

Micro Focus’ $8.8bn software acquisition approved by investors (2 days old [26/05/17])

Tech group enters FTSE 100 on back of purchase of HP Enterprise’s software assets

Review — A Fitbit for the non-believers (2 days old [26/05/17])

Despite some data accuracy issues, the Alta HR has some nifty tricks to motivate you

Alfa Financial: (2 days old [26/05/17])

Massive share price rally on market debut should not put off investors

© Copyright The Financial Times Ltd 2017. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Thousands of drivers caught despite mobile crackdown (3 hours old)

Police caught 200 drivers a day using their devices while driving in the four weeks after 1 March.

BA flight disruption at Heathrow set for third day (1 hour 20 minutes old)

Some short-haul flights from Heathrow continue to be disrupted by a worldwide computer crash.

US might extend cabin laptop ban worldwide, top official says (10 hours old)

Security chief John Kelly says terrorists are obsessed with the idea of attacking a US plane.

'I panic every month as I can't afford my rent' (1 day old)

With half a million tenants now having to borrow to pay the rent, what are the parties promising?

Uber CEO Kalanick's mother dies in boat accident (1 day old)

Travis Kalanick's parents were out on a lake in California when their boat sank, police said.

Call to raise retirement age to at least 70 (2 days old [26/05/17])

The looming pensions crisis is as serious as climate change, says the World Economic Forum.

The fishing port where the catch is soaring house prices (2 days old [26/05/17])

A Scottish fishing port has seen house prices very nearly double over the last decade.

UK achieves solar power record as temperatures soar (2 days old [26/05/17])

National Grid says nearly a quarter of all electricity generation came from solar power at one point on Friday.

Tories and Labour not being honest with voters: IFS (2 days old [26/05/17])

The Institute for Fiscal Studies says the Conservatives and Labour should own up on economic plans.

US growth rate revised up to 1.2% (2 days old [26/05/17])

The US economy grew at a faster pace than initially thought in the first three months of the year.

Copyright: (C) British Broadcasting Corporation, see http://news.bbc.co.uk/2/hi/help/rss/4498287.stm for terms and conditions of reuse.

UK Equities

GSK among biggest gainers as weak pound lifts FTSE 100 (2 days old [26/05/17])

Power brands in venture with Novartis deliver high sales growth on improving margins

FTSE 100 climbs to fresh record high (2 days old [26/05/17])

Nuclear is rightly vanishing as an answer to our energy needs (2 days old [26/05/17])

UK consumers face cost of Hinkley Point plant just as the logic for nuclear fades

Global equity funds deepen exposure to UK (2 days old [26/05/17])

Portfolio managers shrug off uncertainty over general election and Brexit

BT slips as broker warns over outlook for dividends (3 days old [25/05/17])

Teleco’s earnings seen in decline and a trend investors have mispriced says Exane

Sun shines on Tui as broker praises holiday group’s ‘breadth’ (4 days old [25/05/17])

The travel group was in demand on Wednesday, climbing 2.8% to £11.73

London stocks eye $1.30 sterling sweet spot (4 days old [24/05/17])

Index of UK revenue earners turns positive since June while FX stocks hold their nerve

Restaurant Group falls as analysts struggle to digest new menu (5 days old [23/05/17])

Trendless day in wider market sees FTSE 100 drift 0.2% lower

Micro Focus slides on legacy technology concerns (6 days old [22/05/17])

Quicker product obsolescence puts pressure on cash flow conversion

© Copyright The Financial Times Ltd 2017. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

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