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Evening Star News

Two men found not guilty of firearms offences in Clacton (1 hour 52 minutes old)

Two men, both from London, were found not guilty of three firearms charges after another man reported being shot at.

Rural communities still suffering from lack of 4G despite improvements (2 hours old)

Homes and businesses in rural communities across Suffolk and north Essex are still suffering from a lack of 4G mobile phone coverage, according to latest figures from Ofcom.

“The best man for the job,” Suffolk pre-hospital care charity BASICS announce new general manager (3 hours old)

The Uk’s leading pre-hospital care charity has announced a new general manager.

East Anglian farmers defend use of weed killer glyphosate (3 hours old)

East Anglian farmers have defended the use of weed killer glyphosate after the debate over its use was reignited following a US court case.

Who is moving into former Hughes unit in Beardmore Park, Martlesham? (3 hours old)

Work has begun on two new occupiers filling an empty store in Beardmore Park – but mystery still surrounds one of the new companies.

Further cash pledge for Nacton estate community projects following Tavis death (3 hours old)

Community leaders in south east Ipswich have pledged more cash for community groups in the Nacton estate, following community concerns in the wake of Tavis Spencer-Aitkens’ death.

Body found in River Gipping identified as Ipswich man, 22 (3 hours old)

The identity of a man pulled from the River Gipping on Monday has been revealed by Suffolk police.

Shotley Pier renovation plans set for approval next week (3 hours old)

A vision to restore Shotley Pier to its former glory is set to be decided next week – with proposals recommended to be given the go ahead despite community concerns.

“Grenfell fire gave the construction industry the wake up call it needed,” according to a leading Suffolk manufacturer of safety and access products (3 hours old)

Following the Grenfell Tower tragedy, the managing director of a Suffolk-based manufacturer of safety and access products claims that consideration given by architects, contractors and building owners to fire safety “has never been greater,” but there is still work that can be done to prevent such an accident happening in the future.

Which new archeological site has been uncovered in Suffolk? (4 hours old)

The summer heatwave has helped to unearth Suffolk’s ancient past, with crop marks caused by warm weather revealing a new historic settlement at Stoke-by-Claire.

UK homepage

Emerging markets index falls into bear market (3 hours old)

EM equity benchmark has dropped more than 20% from January highs

DoJ highlights extent of wrongdoing at RBS (2 hours old)

Subprime mortgages sold in 2007 were ‘total garbage’, thought bank’s own risk officer

Lira rallies after Turkey gets tough on short selling (2 hours old)

Ankara announces aid from Qatar but raises tariffs on US cars, alcohol and cigarettes

Hunt warns of sharp fall in pound on a no-deal Brexit (11 hours old)

UK foreign secretary says a ‘significant’ short-term market reaction would follow

Autostrade under fire after Italian bridge collapse (3 hours old)

Death toll rises to 39 as deputy prime minister blames toll road operator for Genoa disaster

Manafort money trail ‘littered with lies’, says prosecutor (2 hours old)

Lawyers wrap up arguments in trial of Trump’s former campaign chairman

Economists warn on dominance of US corporate giants (13 hours old)

The rising grip of a small group of large companies comes under scrutiny

Are we really running out of ideas? (8 hours old)

Some economists — and the tech community — believe output is being mis-measured

How to be prepared for A-level results (2 hours old)

Time to plan as 500,000 UK students receive their grades

New Zealand bans foreigners from buying homes (10 hours old)

Overseas purchasers have snapped up luxury estates to use as ‘bolt-holes’

© Copyright The Financial Times Ltd 2018. "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

Turkish lira rallies as Qatar makes $15bn loan pledge (1 hour 58 minutes old)

Ankara officials will channel money ‘into Turkey’s financial markets and banks’Turkey’s beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sector’s shaky finances with loans worth $15bn (£11.8bn).A week after a diplomatic spat with the US sent the lira into a tailspin, the agreement with Qatar was calculated to help Turkey avoid having to ask the International Monetary Fund for emergency funding. Continue reading...

Watchdog berates PwC over 'misleading' BHS accounts (6 hours old)

Regulator criticises accountant for signing off ‘unrealistic’ forecasts before sale of retailerBHS’s accounts were misleading and featured unrealistic forecasts before Sir Philip Green sold the now collapsed department store chain, according to a report into the role of the retailer’s auditor, PwC.The Financial Reporting Council (FRC) said BHS’s 2014 accounts were “incomplete, inaccurate and misleading” because they said Taveta, BHS’s owner, would provide it with financial support. But Taveta’s backing only applied while it owned BHS. When the audit was signed in March 2015, BHS was days away [...]

Fare rises enrage rail commuters 'in this terrible mess' (6 hours old)

Passengers at Manchester Piccadilly slate increases after delays and bungled timetable For Biraja Ghosal, traversing Britain’s rail network has been an almost-daily burden for the past nine years. The 46-year-old data scientist, from Barnet in north London, travels across the country five days a week as part of his job. He is no stranger to smelly loos, late trains or missing plug sockets – and that was just Wednesday morning.As he stepped from Virgin’s London Euston to Manchester Piccadilly service shortly before 10am on Wednesday (cost of a single ticket: £169) Ghosal was enraged to learn th[...]

RBS bankers joked about destroying the US housing market (8 hours old)

Transcripts of pre-financial crisis conversations show senior bankers’ disregard for customersRBS bankers joked about destroying the US housing market after making millions by trading loans that staff described as “total fucking garbage”, according to transcripts released as part of a $4.9bn (£3.8bn) settlement with US prosecutors.Details of internal conversations at the bank emerged just weeks before the 10-year anniversary of the financial crisis, which saw RBS rescued with a £45bn bailout from the UK government. Continue reading...

London property slump puts brake on UK house price growth (8 hours old)

Average price rise across UK falls to 3% as London prices and rents nosedive UK house price growth slowed in June to the lowest annual rate in five years, driven by falling prices in London, according to official figures.Average house prices across the country increased 3% in the year to June, down from a 3.5% gain in May, the lowest annual rate since August 2013, the Office for National Statistics (ONS) said. The average price of a UK home was £228,000 – about £6,000 higher than in June 2017 and £1,000 higher than in May. Continue reading...

Sadiq Khan wants to restrict number of Uber drivers in London (6 hours old)

London mayor says cap on new licences would mean less congestionThe London mayor is seeking powers to limit the number of Uber drivers operating in the capital, blaming a surge in private hire drivers for the city’s increasing congestion and pollution.Sadiq Khan said a cap on new licences was an urgent and necessary step. But unlike New York, which announced a cap last week, he is unable to impose restrictions. Continue reading...

House of Fraser pulls plug on website after warehouse dispute (6 hours old)

Retailer’s warehouse operator has stopped processing orders in dispute over paymentHouse of Fraser has taken its website offline amid multiple complaints from customers about delayed or failed deliveries since the company was bought by Sports Direct late last week.The move came as it emerged that a number of fashion brands who have debts outstanding with House of Fraser, understood to include Karen Millen and Whistles, have been pulling their stock from stores as they negotiate over payment. Continue reading...

Elon Musk's tweets investigated for possibly breaking law: reports (2 hours old)

SEC is reportedly investigating whether the Tesla CEO’s tweets about going private may have violated US securities lawThe US’s top financial watchdog has reportedly sent subpoenas to Tesla regarding chief executive Elon Musk’s plans to take the company private.Fox Business Network reported on Wednesday, citing sources, that the Securities and Exchange Commission (SEC) is formally investigating Musk’s recent tweets that he had “secured” funding to take the troubled electric vehicle company private. Continue reading...

Financial Times boss returns pay rise after staff backlash (6 hours old)

Union complained that John Ridding’s pay was 100 times that of a trainee journalist The chief executive of the Financial Times has returned a substantial part of his £2.6m pay packet after a backlash from reporters who argued his high income was unjustified.Staff had been due to hold a union meeting on Wednesday afternoon to discuss John Ridding’s pay, arguing that it had risen by 442% since he joined the company in 2006. Continue reading...

Top pay in UK up by 11% as workers’ wages fail to match inflation (20 hours old)

FTSE 100 CEO earnings rise six time faster than the average worker, High Pay Centre saysPay for chief executives at Britain’s biggest listed companies rose more than six times faster than wages in the wider workforce last year as the average boss’s pay packet hit £3.9m.Chief executive pay at businesses on the FTSE 100 index surged 11% on a median basis in 2017 while average worker earnings failed to keep pace with inflation, rising just 1.7%, according to the High Pay Centre’s annual review of top pay. Continue reading...

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2018

Telecoms

RCom in talks over sale of remaining telecoms assets (4 hours old)

Deal would mark Indian tycoon Anil Ambani’s formal exit from the sector

O2 in deal with revolutionary LiFi company (6 hours old)

Technology uses light as data transmitter and ‘paves way’ for 5G in the UK

Proposed Huawei ban seen hitting Australian 5G push (1 day old)

Block on Chinese company may raise costs, delay rollout and cause market ‘chaos’

Europe’s telecoms landscape warms to ‘maverick’ operators (3 days old [12/08/18])

Regulators are showing themselves increasingly open to allowing more competition

Ericsson to hire 380 staff and boost R&D in US expansion (5 days old [10/08/18])

Swedish telecoms group looks to take advantage of Chinese rivals’ trade woes

Samsung seeks boost from new products and tie-ups (5 days old [10/08/18])

Note 9 and smartwatch unveiled alongside partnerships with Spotify and ‘Fortnite’

BT switches from copper upgrades to full-fibre broadband (6 days old [09/08/18])

Decision comes as government changes internet strategy for UK

NTT DoCoMo to say farewell to Italy’s Buongiorno (6 days old [09/08/18])

Japanese mobile group in fresh retreat from international ambitions

© Copyright The Financial Times Ltd 2018. "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

Convertible bonds: debt wish (1 hour 31 minutes old)

2018 has become an ideal time to sell a combination of debt and equity

Tinder sparks a . . . lawsuit (4 hours old)

Intel chip flaw, Google tracking, Pixelbook perfect

Tencent: the game is up (4 hours old)

China’s crackdown on gaming jeopardises the technology group’s plans

Tencent posts rare profit drop as gaming engine stutters (5 hours old)

Bureaucratic reforms in China have frozen licensing of new games since March

Mayor of London asks for power to cap private hire drivers (7 hours old)

London wants to follow New York in restricting number of cars using apps such as Uber

Tencent shares slides again ahead of second-quarter earnings (11 hours old)

Chinese internet group has seen $170bn wiped off market value since start of year

Y Combinator to open incubator in China (14 hours old)

Silicon Valley start-up accelerator hires former Baidu executive Lu Qi as chief

© Copyright The Financial Times Ltd 2018. "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

Tesla 'to be probed by regulators' over privatisation plan (2 hours old)

Shares in the electric carmaker fall on reports the SEC wants to question executives at the firm.

Financial Times boss returns £510,000 rise (1 hour 54 minutes old)

John Ridding's decision follows criticism of his "absurdly high" salary by some FT journalists.

Lira rallies after Turkey raises tariffs on US imports (7 hours old)

Ankara says the rises were ordered after "attacks on the Turkish economy" by the US.

UK inflation rate rises for first time since November (10 hours old)

Higher transport costs sent inflation up to 2.5% in July in the first increase since November.

RBS comes bottom of bank league tables (10 hours old)

Fewer than half of Royal Bank of Scotland customers would recommend it to friends and family.

House prices rise the fastest in West Midlands (8 hours old)

ONS finds the region recorded a 5.8% in annual house price rise, while London had the biggest decline.

No wrinkles as Superdrug offers Botox (6 hours old)

It comes after Superdrug said it would start offering the treatment in one of its stores.

Virgin Media broadband teams 'left holes in walls' (8 hours old)

Customers have complained about damage, which they say has been left for many days without being fixed.

Season tickets: 2019 annual rail fares could be more than £100 higher (3 hours old)

The rise, determined by inflation, could add more than £100 to the annual cost of getting to work.

Chief executive pay jumps 11% to almost £4m last year (20 hours old)

Chief executive pay rose much faster than for the wider workforce in 2017, a report has claimed.

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UK equities

The London Report: mining stocks hit two-year lows (3 hours old)

Strong dollar impacts metals prices, which drags FTSE 100 to its lowest close since April

Stocks to watch: Tencent, BHP, Admiral, GSK, Hikma, Bayer, Valeo (4 hours old)

Buy Wetherspoon and Mitchells & Butlers for a pub sector recovery, says HSBC

The London Report: Melrose FTSE 100’s biggest gainer (1 day old)

Goldman Sachs plays down concerns that its GKN acquisition has been struggling

Stocks to watch: Antofagasta, Polypipe, Card Factory, Elementis (1 day old)

London tourist reviews suggest Merlin is losing its magic, says UBS

Stocks to watch: Esure, BBVA, Tui, Ashmore, Bayer, BAE, SSP (2 days old [13/08/18])

Deutsche Bank’s shrinking balance sheet makes it a value trap, says Merrill Lynch

House of Fraser looks like a bargain but could cost Sports Direct (5 days old [10/08/18])

Mike Ashley’s shareholders are right to be wary as they have been stung before

Stocks to watch: Paddy Power, Prudential, Tesla, Casino, Glencore (7 days old [08/08/18])

Stay out of Spire Healthcare until management gets a grip of business, says Berenberg

London Report: Pound weakness elevates FTSE 100 (7 days old [08/08/18])

Prudential leads blue-chip gainers on forecast-beating first-half earnings

The London Report: Ocado slides for seventh straight day (8 days old [07/08/18])

Miners led the wider market higher amid talk of production cuts by Chinese refiners

Stocks to watch: Intertek, Domino’s, InterContinental, Ferrexpo (8 days old [07/08/18])

Ocado has too much optimism in the price, says Barclays

© Copyright The Financial Times Ltd 2018. "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

The post-crisis generation game (9 hours old)

The clandestine links between housing, pensions and an ageing population.

Opinion today: Demented by the housing crisis (14 hours old)

Simply comparing the number of households to dwellings gives a foolishly misleading idea

Trump and the use and misuse of US sanctions (1 day old)

Penalties should be imposed judiciously and co-ordinated with allies

Time’s up for business school initiation rituals (1 day old)

Insead’s outdated ‘welcome week’ reinforced its MBAs’ elite status

Europe must stand behind Canada or risk its own values (1 day old)

In its response to Ottawa’s row with Saudi Arabia, the EU is repeating past mistakes

The hunt for the next Nostradamus (1 day old)

He told everyone the truth. But no one listened. Until now.

Further reading (1 day old)

Predatory economics; the collapse of the council; dribbling round sanctions; social media's cult connection; and much more.

Turkey contagion fears are overblown [Update] (1 day old)

Only Spain has some exposure to Turkish assets

Opinion today: The lessons of the Prague Spring (1 day old)

The human thirst for rights and justice is unquenchable

Emerging market exports slow even before tariff hit (1 day old)

Mini boom in exports comes to an end as growth falls to 18-month low

© Copyright The Financial Times Ltd 2018. "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