News: Money

PayPal in talks about iZettle takeover

Friday  12:35,   18 may 2018

The digital payments giant PayPal Holdings is in advanced talks about a takeover of iZettle in a move that would gatecrash one of the European technology sector's biggest stock market flotations. Sky News has learnt that PayPal could announce[...]

‘Money worries affecting mental well-being of more than half of UK adults’

Friday  11:45,   18 may 2018

Young people and women are particularly likely to report suffering stress over money, the Money Advice Service has found.The Government-backed Money Advice Service (MAS) found 63% of UK adults have seen stress over money affect the mental[...]

FTSE 100 hits record high on back of rising oil prices

Friday  10:55,   18 may 2018

Donald Trump’s decision to walk away from the Iran nuclear deal has pushed up prices.The FTSE 100 ended the day up 53.77 points at 7,787.97, marking its highest level since[...]

Ocado Gets to Live Its American Dream

Friday  05:35,   18 may 2018

A massive deal with Kroeger sets it up for a takeout.When Inc. bought Whole Foods almost a year ago, Ocado Group Plc was one of the few retailers to see its shares go[...]

Oil tops $80 a barrel on Iran deal fears

Friday  05:10,   18 may 2018

The oil price has climbed above $80 a barrel for the first time in three-and-a-half years amid simmering global tensions over Iran. Brent crude has been rising in recent months as supplies tighten and the decision by Donald Trump to pull out of an[...]

Dark factories: labour exploitation in Britain’s garment industry

Friday  04:50,   18 may 2018

<p>In parts of Leicester, workers are paid as little as £3.50 an hour. Why is no one being held responsible?</p>When Hassan Doshi moved from India to Leicester in 1982, he had good reason to feel optimistic. He had landed in a place that was[...]

Why introverts might actually be better networkers

Thursday  19:36,   17 may 2018

“I’m an introvert,” someone inevitably tells me when I speak about building a professional network. “Networking is just not for me.” These people assume networking…Presumably, extroverts are more excited by going to mixers and events and meeting new [...]

Sun sets on Club 18-30 as Thomas Cook pulls plug

Thursday  18:56,   17 may 2018

Club 18-30 will enjoy its final fling this summer after Thomas Cook said it was to discontinue the sun, sex and booze brand. The travel operator said on Thursday that it was calling time on the business - once notorious for its innuendo-heavy ad[...]

Why Boeing 747s are back from the dead

Thursday  18:15,   17 may 2018

The “Queen of the Skies” seemed doomed to the desert boneyards, but package haulers are rushing to snap up the aging jumbo jets.A funny thing happened to an older generation of Boeing Co. 747 jumbo jets on their way to dusty oblivion in desert[...]

Maximum stakes on fixed-odds gambling machines to be cut to £2

Thursday  14:40,   17 may 2018

The Government said the move will reduce the risk of potentially large financial losses as well as harm to both players and wider communities. The decision goes further than the recommendations of a review carried out by the gambling regulator[...]

Royal Mail angers union with £6m payment to new boss

Thursday  12:17,   17 may 2018

Royal Mail handed almost £6m to its new boss to buy him out of his contract, in a move which has been slammed as "obscene" by the postal workers' union.&nbsp;Rico Back's contract as chief executive of Royal Mail owned GLS was[...]

Italy's Populist Leaders Set to Meet in Final Push for Power

Thursday  04:55,   17 may 2018

Italy’s populist leaders are set to meet Wednesday in a final push for a coalition agreement with bond-market concerns mounting. The policy program is 90 percent settled, according to a League official who asked not to be named discussing[...]

Bosses at failed construction giant Carillion were 'too busy stuffing their mouths with gold to show any concern for workforce or pensions' and 'should be held to account' over scandal

Thursday  04:55,   17 may 2018

‘Shyster’ bosses at failed construction giant Carillion were too busy ‘stuffing their mouths with gold’ to take proper care of the company, a devastating report has found. Directors are to blame for the collapse of the government contractor, which[...]

Deliveroo staff to feast on £10m share pot

Wednesday  17:30,   16 may 2018

Deliveroo, the food delivery service which is a leading member of Britain's 'gig economy', is to hand staff a £10m share pot in a move towards an eventual public listing. Sky News has learnt that Will Shu, Deliveroo's founder, told[...]

Tesla Is Said to Lose Energy Leaders as Musk Reorganizes

Wednesday  15:35,   16 may 2018

Tesla Inc.’s energy unit has lost two major executives as CEO Elon Musk promises to reorganize the electric-car maker’s management team, according to people familiar with the matter. Arch Padmanabhan, the product director for Tesla’s stationary[...]