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Johnson and ‘vaccine bounce’ propel Tories to election success in Labour heartlands  (6 hours old)

But Downing Street celebrations are muted as prime minister awaits outcome of Scottish polls

Starmer warned of prospect of leadership challenge over summer (12 hours old)

Leftwing Labour MPs hit out after party loses two key electoral battles in north-east England

SNP on track to remain largest party in Scottish parliament (9 hours old)

Pro-independence party looks likely to fall short of majority of chamber’s 129 seats

Eight key takeaways of the UK election results (19 hours old)

From the personal appeal of Boris Johnson to the struggles of Keir Starmer, what we know so far

English travellers get green light to visit 12 countries from May 17 (11 hours old)

Portugal top of traffic light list but hotspots Spain, France and Greece still classified as amber

Macron slams ‘Anglo-Saxons’ hindering vaccine exports  (9 hours old)

Brussels calls on manufacturers such as US to supply share of domestic production

Bill Hwang provided seed funding for Ark ETFs, Cathie Wood reveals (6 hours old)

Founder of collapsed family office Archegos was crucial in early days of tech-focused asset manager

Uefa agrees peace deal with most rebel Super League clubs (11 hours old)

Nine teams agree ‘reintegration measures’ but Real Madrid, Barcelona and Juventus remain holdouts

David Swensen, the Yale pioneer who reshaped investing  (9 hours old)

Head of the Yale endowment fund leaves a legacy that puts him in the ranks of the great investors

The myth-making of nations (9 hours old)

Globalism is a thin identity, but it’s an honest one

© Copyright The Financial Times Ltd 2021. "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.

Business | The Guardian

Closing UK furlough scheme this autumn is a mistake, says NIESR (283 days old [28/07/20])

Thinktank says ending Covid-19 wage subsidy scheme from August could cost 1.2m jobsThe government closing its furlough scheme this autumn is a “mistake” that will drive up unemployment by 1.2 million by Christmas, one of the UK’s leading economics thinktanks has warned.Sounding the alarm over the mounting risk to jobs, the National Institute of Economic and Social Research (NIESR) said extending the wage subsidy scheme until the middle of next year would dramatically cut the number of redundancies across Britain and would probably pay for itself. Continue reading...

Boohoo vows to 'act decisively' on lawyers' review of UK supply chain (283 days old [28/07/20])

Retailer faced allegations that factories making its clothes in Leicester were paying workers below minimum wageThe online fashion retailer Boohoo has promised to “act decisively” on any recommendations made by lawyers investigating its UK supply chain, after it faced allegations that factories making its clothes in Leicester were paying workers below the minimum wage. So far, the company has not committed to publishing the full report.The independent review is being led by Alison Levitt QC, the former head of law firm Mishcon de Reya’s white-collar crime unit, and on Tuesday the company said [...]

Selfridges to cut 450 jobs as Covid-19 causes 'toughest year' (283 days old [28/07/20])

Redundancies at department store chain follow 700 job losses at Harrods this monthCoronavirus – latest updatesSee all our coronavirus coverageSelfridges is to cut 450 jobs across its department stores, in the latest blow to UK high street retailers hit hard by the coronavirus pandemic.The cuts represent 14% of its workforce and Anne Pitcher, group managing director, said it was the “toughest decision we have ever had to take”. Selfridges operates four department stores in the UK including its London flagship on Oxford Street, as well as a website. Continue reading...

Brexit will deliver double shock to UK economy, study finds (283 days old [28/07/20])

Exclusive: LSE report says even sectors unscathed from coronavirus crisis will be severely affectedA Brexit hit is looming for sectors that have emerged relatively unscathed from the Covid-19 pandemic, analysis by the London School of Economics suggests.The LSE report says Brexit will deliver a double shock to the economy – with business conditions worsening for those sectors that have survived the impact of coronavirus and lockdown measures – whether Boris Johnson secures a deal with the EU or not. Continue reading...

BA cabin crew warn of 'immediate' strike over plans to cut 12,000 jobs (283 days old [28/07/20])

Trade union accuses airline of setting out to fire and rehire thousands of workers on less favourable termsBritish Airways cabin crew have warned the airline to expect an “immediate” strike over plans to cut up to 12,000 jobs following the collapse in demand for air travel because of the coronavirus pandemic.Unite, the trade union which represents thousands of BA employees including cabin crew, engineers and maintenance staff, accused the airline of planning to “fire and rehire” thousands of its workers on reduced terms. Continue reading...

Billionaire bosses to feel the heat over tech giants' massive wealth and power (283 days old [28/07/20])

Extraordinary hearing will see some of the richest men in history called to account for their firms’ market dominanceSome of the richest men in history representing the most valuable companies ever created will be grilled by Congress on Wednesday , as US authorities get increasingly serious about whether tech giants Amazon, Apple, Facebook and Alphabet have become too powerful. Related: Clashes in Portland as Trump’s actions light fuse under protests in other cities Continue reading...

Hong Kong property tycoon pitches new city idea to Ireland (283 days old [28/07/20])

Ivan Ko hopes to find site between Dublin and Belfast to host 50,000 fellow HongkongersA Hong Kong property tycoon wants to build a city in Ireland to host 50,000 emigrants from the semi-autonomous city.Ivan Ko, founder of the Victoria Harbour Group (VHG), an international charter city investment company, hopes to find a 50 sq km site between Dublin and Belfast to create a new city, named Nextpolis, from scratch. Continue reading...

UK broadband users to save £270m after Ofcom price review (283 days old [28/07/20])

Regulator finds 40% of customers are out of contract and most are paying too muchMillions of customers are in line to share in savings of more than £270m a year on the cost of their broadband bills, after Ofcom reached agreement with companies on pricing changes and commitments to offer better deals when consumers’ contracts come to an end.A report released by the telecoms and media regulator found that about 40% of UK broadband customers, 8.7 million, are out of contract and most of them are paying higher prices than they could be if they struck a new deal or changed providers. On average, th[...]

BAME representation in UK's top jobs has barely risen in past three years (283 days old [28/07/20])

Colour of Power survey finds issue not addressed despite government-backed targetsThe proportion of black, Asian and minority ethnic people in some of the 1,100 most powerful jobs in the UK has barely moved over the past three years, according to a study that highlights the lack of non-white representation across key roles.Only 51 out of the 1,097 most powerful roles in the country are filled by non-white individuals, an increase of only 1.2%, or 15 people, since 2017, the Colour of Power survey by consultants Green Park and not-for-profit organisation Operation Black Vote said. Continue readi[...]

Coronavirus spurs sales surge for makers of Dettol (283 days old [28/07/20])

Reckitt Benckiser, which owns Vanish, Finish, and Harpic says it’s struggling to sate demand in parts of US and UKCoronavirus – latest updatesSee all our coronavirus coverageConsumer demand for cleaning products from Dettol to Lysol provided a pandemic sales surge for Reckitt Benckiser, although the company admitted it is still struggling to keep shelves stocked in “pockets” of the UK and US.The consumer goods group, which owns brands including Cillit Bang, Nurofen and Durex, beat market expectations with total revenues rising 11.9% to £6.9bn in the first half. Continue reading...

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2020

Telecoms

Fading support for single Italian broadband network hurts Telecom Italia  (1 day old)

Government signals desire for more competition in blow to plan for incumbent to spearhead rollout

Telenor writes off $782m Myanmar business following coup (3 days old [04/05/21])

Norwegian telecoms group has been hit by internet shutdowns and worsening operating conditions

Apollo buys Verizon media assets including Yahoo for $5bn (4 days old [03/05/21])

Deal ends US wireless operator’s ill-fated foray into digital content

KPN rejects takeover bids from EQT and KKR (5 days old [02/05/21])

Dutch telecoms group decided unsolicited offers added no value

Vodafone joins forces with Google Cloud for data analytics push  (5 days old [02/05/21])

Latest example of telecoms working with tech sector to reduce costs and unlock value of data

Elon Musk’s SpaceX is seizing power in space with satellites (8 days old [30/04/21])

Authority has tilted away from governments since Sputnik and the Apollo moon landings

BT blows final whistle on sport as sale talks kick off (8 days old [30/04/21])

Broadcasting push has been a game of two halves for UK telecoms group

BT is right to call time on sports and prepare for trench warfare (8 days old [29/04/21])

Broadcasting has been no disaster for the telecoms company but football rights bidding wars belong to another era

BT opens talks over potential sale of sports broadcasting business (9 days old [28/04/21])

Telecoms company considers disposal or partnership as it looks to focus on core telephony operations

Space race with Musk heats up as Eutelsat takes stake in OneWeb (10 days old [27/04/21])

European group intensifies battle with SpaceX to deliver broadband from satellites

© Copyright The Financial Times Ltd 2021. "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 sector

Big banks move into crypto services (11 hours old)

Smart cities risk Italian job, Peloton’s costly recall, Google’s Woolaroo

Intuit: Covid sales bump for the TurboTax maker (22 hours old)

US financial software maker is best placed to benefit from tax return pain

Far from being out of this world, Musk’s space strategy is classic Silicon Valley  (1 day old)

The mystique around going into orbit obscures mundane reasons for success and failure in the industry

UK spies warn local authorities over ‘smart city’ tech risks  (1 day old)

Contracts could expose councils to cyber attacks or compromise individuals’ privacy

Uber rides a rough regulatory road (1 day old)

Gopuff’s British Fancy, Nintendo Switch hit, Cowboy 4

You can now build a “mini media empire” on Substack  (1 day old)

With the new “Sections” feature, Substack is going full newsroom.

Uber seeks to reassure investors over rising US regulatory threat (1 day old)

Ride-share group’s employment model faces scrutiny from labour secretary Marty Walsh

Trump decision reveals limits of Facebook’s ‘Supreme Court’ (1 day old)

‘Independent’ experts uphold ban on ex-president but social network fails to answer key questions

Nintendo: record year presses play on high sales targets  (1 day old)

Global return to normality plus group’s ageing Switch console make the outlook more challenging

Don’t leave framing free expression to Facebook’s ‘supreme court’  (1 day old)

The company needs robust processes and feedback mechanisms as well as oversight

© Copyright The Financial Times Ltd 2021. "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

Covid: Travel firms reject 'overly cautious' green list (3 hours old)

The UK will be 'left behind' if other countries open up travel more quickly, the industry says.

US jobs figures fall far short of expectations (13 hours old)

Employers hired 266,000 people last month, figures show, despite a $1.9tn stimulus package.

Virgin Media customers left waiting longest on phone (16 hours old)

Virgin Media and Virgin Mobile had the longest average customer call waiting times, Ofcom has found.

Furlough: Pair arrested over £3.4m job scheme fraud (16 hours old)

Officials freeze more than £6m held in bank accounts controlled by the man and woman from Bradford.

Twitter adds 'tip jar' to pay for good tweeting (19 hours old)

Twitter launches a new payment feature for good tweets - but it comes with privacy concerns.

British Airways owner IAG calls for action to restart flights (21 hours old)

The airline group says there is a "high level" of pent-up demand from passengers.

Holiday costs to jump in summer, warns travel boss (19 hours old)

Travel will be more expensive as airlines cannot afford to bring many planes back into service.

Road and rail building plans under review after Covid (1 day old)

Post-pandemic shifts in travel habits could undermine the logic behind many infrastructure projects.

Plastic bag charge to double to 10p in all shops in England (1 day old)

The price rise for single-use bags will be extended to all businesses in England from 21 May.

Tui to subsidise Covid tests for package holiday customers (20 hours old)

The travel firm is offering discounted tests with its holidays but there are concerns over testing capacity.

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

Smaller UK stocks gallop past larger peers as outlook brightens (3 days old [05/05/21])

Swift vaccine rollout and fading Brexit uncertainty a boon to small-cap groups

UK stocks: vaccine rollout and trade deal lift signal end of Brexit discount (4 days old [03/05/21])

The valuation gap with the rest of the world is narrowing

Glimmer of hope in UK dividend drought (9 days old [29/04/21])

Companies preparing to restore payouts after pandemic cuts

Wall Street stocks close bumpy week on a high (14 days old [23/04/21])

US indices recover from previous losses but doubts linger over global economic outlook

Stocks on Wall Street notch first back-to-back slide since March (17 days old [20/04/21])

European equities pull back from highs as doubts cast on recovery from pandemic

UK stocks climb to highest level since February 2020 (21 days old [16/04/21])

Shift into value shares boosts global equities while rally in Treasuries cools

Should investors play the UK reopening trade?  (22 days old [16/04/21])

Pub goers are full of cheer as the economy opens up, and so too are investors in domestic stocks

Equities rally pauses ahead of US earnings season (25 days old [12/04/21])

Lull comes after benchmarks on both sides of Atlantic hit record highs last week

FTSE 250: riding the liquidity wave (30 days old [07/04/21])

Britain’s woeful early response to the pandemic has left more room for rebound for UK stocks

Deliveroo failed to deliver, but don’t throw out the calzone with the cardboard (36 days old [02/04/21])

Despite the IPO debacle, retail investors should not ignore future listings

© Copyright The Financial Times Ltd 2021. "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.

Opinion

Carbon counter: bitcoin is the ultimate hot investment (1 hour 16 minutes old)

Cryptocurrency’s high energy consumption will continue to provide fuel for detractors

Realistic investors broaden out market bets with ETFs (2 hours old)

With bonds vulnerable, fund flows indicate a desire for diversification

Is leverage still the best benchmark of credit risk?  (2 hours old)

As global corporate debt rises, some analysts question the traditional measure of ability to repay

All change in Bordeaux (2 hours old)

‘These wines combine the classicism of traditional bordeaux with modern wine-making and vine-growing’

Singapore keeps the kids away from the gig economy (7 hours old)

A new minimum age for drivers attempts to discourage the young from temporary work

When art isn’t just for art’s sake (9 hours old)

Artists are led by their own convictions and inspirations — but do they have a duty to answer to society’s expectations too?

Ode to a Pukka Pad — a lockdown love story (9 hours old)

The humble Jotta may not have the cachet of its designer counterparts but it has been a dependable link to sanity in lockdown

The myth-making of nations (9 hours old)

Globalism is a thin identity, but it’s an honest one

Republicans drift ever further into Trumpism  (12 hours old)

The right must find ways to head off disaster for party and country

When it comes to inflation, how much fortitude does the Fed have? (12 hours old)

A surge is not inevitable, but the risks are significant

© Copyright The Financial Times Ltd 2021. "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.

Ipswich