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Evening Star News

How has Ipswich firm grown from ‘modest yard’ to 50-strong recycling depots? (1 hour 4 minutes old)

An Ipswich-based waste firm says it has “great plans” for the future after celebrating its 50th anniversary.

Train delays after vehicle hits railway bridge (1 hour 12 minutes old)

All rail lines are now open following a vehicle colliding with a railway bridge in Needham Market.

Revealed: The patient ratings of every doctor’s surgery in Suffolk (1 hour 47 minutes old)

Find out how patients rate your doctor’s surgery for booking an appointment and its overall experience by checking how it performed in our searchable table.

15-year-old achieves dream by representing country at world karate competition (2 hours old)

A Suffolk youngster is set to take on the world after being selected to represent England in an international karate competition next month.

Tuesday’s breaking news as it happens (3 hours old)

Keep up to date with all the breaking travel, crime and weather news from across Suffolk and Essex with our live blog today.

Delight as Ipswich nursery seals hat-trick of ‘outstanding’ reports (17 hours old)

A leading Ipswich nursery revered for its ‘inspirational’ teaching has been named outstanding by Ofsted for the third time running.

Drug addict stole from man (17 hours old)

An Ipswich woman who stole £40 from a vulnerable man living in sheltered housing has been given a suspended prison sentence.

Council set to give green light to policy limiting age of taxi vehicles in Ipswich (17 hours old)

Ipswich Borough Council is set to give the green light to its new taxi licencing policy - which would set a maximum age on vehicles to combat harmful emissions.

Woman ‘locked in loft without food or water’ escaped by kicking door down, court told (17 hours old)

An Ipswich woman who claims she was locked in a loft and left without food and drink for three days escaped by kicking the door open and running to a neighbour for help, a court heard.

Council set to decide on future of Defiance Pub site in Ipswich (17 hours old)

Plans for two blocks of flats and the redevelopment of the former Defiance pub site in Ipswich are set to be approved.

UK homepage

WeWork postpones IPO after chilly response from investors (5 hours old)

Concerns include sway chief executive Adam Neumann has over company and operating losses

SoftBank investors brace for Vision Fund writedowns (6 hours old)

WeWork is struggling to launch IPO, while valuations for Uber and Slack have fallen

Trump says Iran appears responsible for Saudi attack (4 hours old)

Pentagon works with US partners on response to drone strike as oil prices pare gains

UK accused of ‘misleading’ over no-deal Brexit ports disruption (7 hours old)

Documents show most vehicles set to be turned away for wrong paperwork before reaching dockside

Sirius Minerals shares crash after miner pulls bond sale (2 hours old)

UK government refuses to back sprawling potash mine project

Italy’s former PM Matteo Renzi forms breakaway party (2 hours old)

Split from centre-left Democrats shifts power in fragile two-week old coalition

The hedge funds split over following market trends (6 hours old)

MAN Group-owned AHL was a pioneer of the $300bn trend-tracking industry, but its founders now sharply disagree over its relevance

Anxiety for EU nationals grows as Brexit approaches (7 hours old)

Applications for ‘settled status’ rise after government backtracks on freedom of movement

Bill Gates: world needs to move faster on inequality (6 hours old)

Microsoft founder says progress ‘nowhere near’ hitting UN development goals for 2030

Israelis go to polls with Netanyahu’s future in the balance (2 hours old)

Long-serving prime minister faces battle against retired military chief Benny Gantz

© Copyright The Financial Times Ltd 2019. "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

Oil price shock leaves markets on edge – business live (1 hour 16 minutes old)

Rolling coverage of the latest economic and financial newsLatest: Brent crude over $69 on supply worriesIntroduction: Saudi attack drove oil price upWeWork IPO shelved 9.56am BST US energy secretary Rick Perry is trying to calm the markets again.“With regard to energy markets, the president has directed me to release oil from the Strategic Petroleum Reserve if that is needed to offset any potential disruptions.But looking at the supply numbers we are confident that the markets remain well-supplied.” BRENT front-month futures prices surged +14.6% on Sep 16 following the attack on Abqaiq, an inc[...]

WeWork delays $20bn IPO after struggling to interest investors (2 hours old)

Office-sharing company’s value has been slashed since January but it says flotation will still take place this year WeWork, the US office-sharing company, has postponed its stock market flotation after receiving a lukewarm response from investors.WeWork’s parent, the We Company, had planned to launch an investor roadshow this week to drum up interest in its $20bn (£16bn) share sale, slashed from an initial valuation of $47bn. It hoped to price and list its shares next week, but has put the plans on ice amid operating losses and corporate governance issues. Continue reading...

Arrival time: how the white van went green (5 hours old)

UK firm, which provides electric commercial vehicles, claims to be enjoying significant successAs the British automotive industry endures its worst period in almost two decades, it might not seem like a good time to open a new van factory. Investment has come to a virtual standstill as the prospect of a no-deal Brexit looms and commercial vehicle production has plunged by a third in response to waning demand.But Arrival begs to differ and has put its money where its mouth is with a new factory in Banbury, Oxfordshire. So far it appears to be paying off, with delivery firms Royal Mail, DHL and [...]

Thomas Cook gains extra time to secure rescue deal (17 hours old)

Tour operator struggling with debt puts off creditors’ vote over terms of finance packageThomas Cook has delayed a crunch creditors’ vote until next week, giving the stricken tour operator more time to smooth obstacles to a £1.1bn rescue package aimed at saving it from collapse.Fears for the future of the the 178-year-old tour operator have been mounting, as it threatens to buckle under the weight of high debt, intense competition and one-off factors including last summer’s heatwave and Brexit uncertainty. Continue reading...

Albemarle & Bond criticised after customer helpline is overwhelmed (16 hours old)

National Pawnbrokers Association says industry is ‘not impressed’ with A&BPawnbroker Albemarle & Bond has been criticised for “woefully inadequate” communication with customers hoping to retrieve belongings after the company shut its shops and website last week.The National Pawnbrokers Association (NPA), the UK trade body of which Albemarle & Bond is a member, said it was receiving hundreds of calls a day from worried customers who had been unable to get through to a helpline set up by the pawnbroker. Continue reading...

GM strike: auto workers accept ‘sacrifice’ to fight management 'greed’ (4 hours old)

United Auto Workers called a strike on Sunday for the first time in over a decade as contract negotiations reached an impasseUncertainty, apprehension and stress were the words people picketing General Motors workers at the car company’s sprawling Detroit-Hamtramck assembly plant used to describe day one of their strike.If the strike by United Auto Workers (UAW) members drags on, they could soon end up earning just $250 per week, and there’s fear about what that could mean for their families. But picketers who spoke with the Guardian say they’re also certain about their mission, and accept the[...]

Demand for Brexit advice helps push PwC profit to more than £1bn (18 hours old)

Partners at firm will get average £765,000 this year in biggest payday for a decadePartners at the accountancy and consulting firm PwC will be paid an average of £765,000 this year after profits soared to more than £1bn, partly due to increased demand for advice on how to handle the Brexit crisis.A total of 913 partners at the firm, which used to be called PricewaterhouseCoopers, are to collect an average of £765,000 – the accountants’ biggest annual payday in a decade, and 7.4% more than they got in 2018. Continue reading...

Road transport emissions up since 1990 despite efficiency drive (15 hours old)

ONS says rise is result of growing traffic as campaigners say car use must be curbedBritain’s greenhouse gas emissions from road transport have continued to grow since 1990 despite more efficient cars because traffic has increased by almost a third, according to government figures.Cutting emissions on Britain’s roads remains a significant challenge, according to the report from the Office for National Statistics, citing a 6% rise in greenhouse gases in the past three decades. Continue reading...

Gavin Woodhouse investors to vote on settlement offer (15 hours old)

Creditors will decide if they’ll accept 11p in the pound they invested in care home projectInvestors in an aborted Gavin Woodhouse care home project are to vote on whether the embattled entrepreneur’s former business partner is attempting to “buy them off at a pittance” via a new settlement offer.The October vote will give investors the chance of accepting 11p for every pound they ploughed into a single off-plan development in Yorkshire, where the advertised care home never materialised. Continue reading...

More than 1,400 UK restaurants close as casual dining crunch bites (1 day old)

Insolvencies in year to the end of June 2019 increased by 25% – the highest since at least 2014More than 1,400 UK restaurants collapsed in the year since June 2018 – underlining the scale of the so-called “casual dining crunch”, which has led to customers turning their backs on chains such as Byron, Strada, Gourmet Burger Kitchen and Jamie Oliver’s restaurant empire.The number of restaurants falling into insolvency in the year to the end of June 2019 increased by 25% to 1,412 compared to 2018, according to research by the accountancy firm UHY Hacker Young. It is the highest number of insolvenc[...]

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2019

Telecoms

Jio jolt to India’s broadband market (17 hours old)

Apple TV+ losses, MoviePass passes, Qualcomm $3.1bn deal, tech week ahead, Sonos Move

Helios Towers: call of Africa (4 days old [12/09/19])

Telecoms group should easily manage a $2bn valuation for its London listing

Committing to Huawei for 5G risks establishing a dependency (4 days old [12/09/19])

Report of UK’s GCHQ shows difficulty in auditing the Chinese telecom group’s systems

Europe’s digital infrastructure issue (5 days old [12/09/19])

Sometimes, monopolies are good.

Helios Towers set to hit redial on London listing (5 days old [11/09/19])

Africa-focused telecoms infrastructure group plans second attempt at IPO

Elliott/AT&T: activist calling (7 days old [09/09/19])

A shake-up of US telecoms group is long overdue

Apple and Foxconn broke Chinese law to build iPhones (8 days old [09/09/19])

US tech group and manufacturing partner admit using too many temporary workers

Axiata and Telenor abandon move to merge Asian operations (11 days old [06/09/19])

Collapse of talks comes after Malaysian prime minister aired fears over potential job losses

Iliad awards €55m in shares to just five executives (11 days old [06/09/19])

Struggling French telecoms group faces investor scrutiny over how payouts calculated

The flip side of folding phones (11 days old [05/09/19])

WeWork’s staggering new valuation, Facebook Dating launched in US, Android 10

© Copyright The Financial Times Ltd 2019. "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

Sony rejects call to spin off image sensor business (2 hours old)

Daniel Loeb’s Third Point has pressured group hone focus as an entertainment company

Careem rides high after $3bn Uber buyout (6 hours old)

Ride-hailing app sets sights on becoming one-stop shop with expansion into deliveries

Mistakes to avoid when investing in Mena (6 hours old)

Ignoring Silicon Valley ‘myths’ key to success in region undeserving of hefty risk premium

SoftBank investors brace for Vision Fund writedowns (6 hours old)

WeWork is struggling to launch IPO, while valuations for Uber and Slack have fallen

How the Internet Archive is waging war on misinformation (7 hours old)

San Francisco-based non-profit is archiving billions of web pages in a bid to preserve web history

CMR Surgical hits £1bn valuation as it rolls out robots for surgery (11 hours old)

Cambridge-based start-up raises £195m as it prepares to launch in Europe and India

Jio jolt to India’s broadband market (17 hours old)

Apple TV+ losses, MoviePass passes, Qualcomm $3.1bn deal, tech week ahead, Sonos Move

Neural interfaces should upgrade, not degrade, humans (1 day old)

Elon Musk’s vision of a merging of man and machine is startling, if not downright scary

How soon will we see air taxis in our cities? (1 day old)

Geely investment in Volocopter signals rising demand

Police fear bias in use of artificial intelligence (1 day old)

UK report warns that algorithms might judge disadvantaged people as ‘a greater risk’

© Copyright The Financial Times Ltd 2019. "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

Giant Yorkshire mine suffers funding blow (1 hour 3 minutes old)

Developer Sirius Minerals has to cancel plans to issue a £403m bond to finance the project.

Albemarle and Bond: 'My tears over pawned jewellery' (11 hours old)

Frustration for customers continues after pawnbroker Albemarle and Bond shuts branches.

Helium shortage: 'Prices just keep going up and up' (11 hours old)

Why is there a shortage of the precious gas and how is it affecting firms?

WeWork sees stock market listing 'by the end of the year' (3 hours old)

The US company's flotation has been one of the most hotly-anticipated financial events of the year.

Smart meter rollout delayed for four years (3 hours old)

Suppliers now have until 2024 to fit them into homes, but it may mean higher costs for the industry.

Oil prices soar after attacks on Saudi facilities (3 hours old)

Brent crude ends 15% higher - its largest one-day percentage gain since 1988.

Aldi plans to open a new supermarket each week (1 day old)

The discount retailer is taking on its larger rivals as it continues to expand even as profits fall.

Rise in teenage money mules prompts warnings (21 hours old)

Cases of 14 to 18-years-olds who have allowed their bank accounts to be used grows by 73% in two years.

HS2: Ancient woodland clearance halted while review held (16 hours old)

Transport Secretary Grant Shapps says while a project review is under way, work should be stopped.

Illegal work practices 'far too common' says think tank study (1 day old)

Many workers report not receiving paid holidays or wage slips, says the Resolution Foundation.

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

Stocks to watch: Airbus, Safran, LVMH, Tullow, Prosus, Cineworld (20 hours old)

Hammerson’s luxury outlet villages may be key to a revival, says Goldman Sachs

Stocks to watch: LSE, Centamin, Go Ahead, Stagecoach, Pearson (3 days old [13/09/19])

Britvic’s restructuring should add sparkle to sales, says Jefferies

An alternative to ‘helicopter money’ is already here (3 days old [13/09/19])

The risk to such policies is not inflation, but politics

Stocks to watch: LSE, Inditex, Fevertree, Shell, BP, Bakkavor (5 days old [11/09/19])

Bets on a Kone-Thyssenkrupp elevators deal may be premature, says Morgan Stanley

Stocks to watch: Rentokil, Purplebricks, Just Eat, Wirecard, Campari (6 days old [10/09/19])

Europe’s drinks companies have earned their premium valuations, says Bernstein

Stocks to watch: Intu, Abcam, Berkeley, Spire, ProSieben, Moncler (7 days old [09/09/19])

Even a no-deal Brexit won’t stop UK housebuilders throwing off cash, says HSBC

M&S exit reflects shifting sands of FTSE 100 (10 days old [07/09/19])

Departure leaves UK’s leading stock index with barely a quarter of its founder members

Numis founder Oliver Hemsley takes role at rival Zeus (10 days old [06/09/19])

City veteran hired as consultant by broker focused on Aim market

Is it time to seek value in unfashionable investments? (11 days old [06/09/19])

Doubts rise about the sustainability of US tech earnings

Investors regain interest in UK equity funds (11 days old [06/09/19])

British shares attract $198m over past week as likelihood of no-deal Brexit falls

© Copyright The Financial Times Ltd 2019. "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

Mistakes to avoid when investing in Mena (6 hours old)

Ignoring Silicon Valley ‘myths’ key to success in region undeserving of hefty risk premium

Can the United Nations put out the fire? (6 hours old)

Allowing forests to burn is a crime against humanity

Eurozone wakes up to ECB’s fiscal message (6 hours old)

Mario Draghi has grown more forthright in urging governments to help boost growth

Business must stand up for British judges (7 hours old)

A central feature of the UK’s attractiveness for companies is that the judiciary is honest

Humility and ambition are needed to lift markets (7 hours old)

Investors are uneasy about the global economy and impact of central bankers

Cobham takeover shows money trumps sovereignty (9 hours old)

For investors, Advent’s deal captures a recovery potential that the market price may never

Hong Kong protesters should be more realistic (13 hours old)

A step towards universal suffrage would be an improvement on the current situation

Iran has embarked on a dangerous provocation (16 hours old)

Heavy-handed US reprisals would risk all-out war in the Middle East

Madewell/J Crew: smarty pants (16 hours old)

Break ups are back in vogue among fashion retailers.

Diamonds/Petra: game of stones (17 hours old)

Artificial gems impacting on profits and are threat to future of traditional industry

© Copyright The Financial Times Ltd 2019. "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