Wednesday, 23 May 2018

Business

London shares hit year’s high at end of 2016 trading

LONDON: London’s benchmark FTSE 100 index reached its highest level to date on the last day of trading for 2016. The move upwards was tiny – 22.5 points or 0.32% – but it left the FTSE at an unprecedented 7,142.83. The last trading day of the calendar year in London ...

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Manchester tech firm signs deal to combat benefit fraud in India

LONDON: VST Enterprises, a Manchester cyber security firm has  announced a new multi-million pound deal with Sreeven Paytech, that will see the companies combine to tackle fraud from the Indian benefit system. VST technology will provide authentication for the electronic benefit transfer system, benefitting an estimated 40 million households initially according to VST. ...

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Zero-hours contracts workers ‘face £1,000 pay penalty’

LONDON: Workers on zero-hours contracts typically earn £1,000 a year less than permanent employees, according to Resolution Foundation research. People on the controversial contracts face a “precarious pay penalty” of 6.6%, or 93p an hour, the think tank has estimated. For those who earn the least, the size of the ...

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Britain gets creative in fighting rampant food waste

London: One of Europe’s worst offenders on food waste, Britain is beginning to get its act together thanks to a surge in volunteer initiatives that help the poor as well as creating a bit of seasonal cheer. “That’s what I come out for, to have a little chat… It’s not ...

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UK business morale hits 18-month high in the fourth quarter

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  LONDON: Morale in large British companies hit an 18-month high in the fourth quarter, bolstered by robust economic growth and recovering fully from a slump that followed the Brexit vote, a survey showed on Thursday. However, uncertainty about Britain’s divorce from the European Union meant businesses were still loath ...

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Gross mortgage borrowing falls five per cent

LONDON: Figures published by the British Bankers Association show gross mortgage borrowing fell five per cent to £12.2bn in November 2016 compared with the same month last year.Additionally, net mortgage borrowing was 2.4 per cent higher than a year ago. According to the BBA consumer credit annual growth fell back ...

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Boss takes 800 employees for a free Caribbean cruise

WATERLOO: January in Iowa can be cold and dreary, but employees at a cabinet company are about to get a sunny reprieve from the winter doldrums, all thanks to the boss. All of the more than 600 employees of Bertch Cabinets in Waterloo, 800 people total, will get a free ...

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Hospital car parks bring in more than £120m for NHS trusts

LONDON: NHS hospitals made more than £120m from car park charges in the past year, according to new figures. The Press Association asked 120 NHS trusts across England to give figures on parking charges and fines – 89 provided responses. More than half of those trusts are making more than ...

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Scotland: More than £2bn in benefits ‘going unclaimed each year’

GLASGOW: People in Scotland are missing out on more than £2bn of social security payments on average each year. The impartial Scottish Parliament Information Centre (SPICe) estimates Scotland has £428m worth of unclaimed working tax credits or child tax credits. Those helping look after others are entitled to £190m in ...

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