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  • Business rates agency set to lose 75% of senior staff despite pressure to help firms struggling with their bills

    August 19, 2017 9:02 PM 12

    The Government is poised to announce a swathe of job cuts at the department responsible for overseeing business rates, despite rising pressure on the organisation to help firms struggling with their bills. Three-quarters of the Valuation Office Agency’s 80 senior officers are expected to be axed as part of plans to downsize it. A cut in the number of regional

  • Rathbones and Smith & Williamson in £55bn merger talks

    August 19, 2017 4:33 PM 42

    Rathbones and Smith & Williamson are in merger talks in a deal that would create a £55 billion wealth giant. The deal would value the combined company at £2 billion with Rathbones, which has £36 billion of assets under management (AUM), the dominant partner with a market value of £1.4 billion, according to Sky News. Smith & Williamson, which runs £19 billion

  • Walmart’s C.E.O. Had Plenty to Say About Trump. So Did His Customers

    August 17, 2017 1:26 AM 54

    This is what they had to say about Walmart chief executive’s decision to weigh into the political fray this week. Sitting in the Walmart parking lot, Louise Adamson, 78, shook her head as she thought about the violence in Virginia. “It’s so saddening to see what’s going on, and it’s getting worse and worse,” she said. Mrs. Adamson and her husband, who recently

  • Pay back a friend with a WhatsApp message: Facebook-owned app 'trialling new payments service'

    August 16, 2017 8:45 AM 12

    Millions of families who use the popular messaging service WhatsApp to keep in touch may soon be able to use it to transfer money to each other. The app — which is owned by Facebook and has around 700 million users across the globe — is understood to be trialling a new payments service in India. The closely guarded plan emerged after a test version of an update

  • Walnut Whip without the walnut? Whatever next?

    August 16, 2017 8:13 AM 14

    Nestle's new nut-free versions of the classic chocolate whirls up a storm on social media with fans branding the move "blasphemy". Nestle's decision to launch nut-free versions of one of its oldest chocolate brands has whipped up a storm on social media with fans branding the move as "disgusting" and "blasphemy". The vanilla and caramel whips will go on sale from this week, and the dark chocolate

  • Web blackout at Barclays: Customers will be locked out of telephone and online banking for one weekend a month for the rest of the year

    August 16, 2017 7:48 AM 13

    TSB's Classic Plus account will pay you 3% interest on up to £1,500 and up to £10-a-month if you maintain two direct debits and make 20 debit card payments each month (until June 2018). You must pay in £500 a month. First Direct regularly tops polls for customer service. Its First Account offers £100 for joining and has a £250 interest-free overdraft

  • New York 'Eye' debacle rocks British backers but troubled project is tipped to finally be going ahead

    August 16, 2017 12:43 AM 10

    A UK private equity firm is helping the skyline of New York rival that of London, ploughing funds into building an observation wheel similar to the London Eye. The £458million New York Wheel will sit on the shoreline of Staten Island, with views of the skyline of Manhattan, the Statue of Liberty and Brooklyn Bridge. Shares in AIM-listed Challenger Acquisitions

  • Now Lloyds wants to flog you a pension: Concern as bank spots opportunity in pension freedom reforms

    August 14, 2017 8:51 PM 16

    Bankers at Lloyds are plotting to sell more investment and pension products to customers. The bank has spotted an opportunity in the so-called pension freedom reforms which allow customers more choice over how they spend their nest egg when they finish work. The bank is set to beef up its wealth management arm as a result, offering advice to thousands

  • Merck CEO resigns from Trump council over Charlottesville

    August 14, 2017 4:07 PM 26

    (Reuters) - Merck & Co Inc Chief Executive Kenneth Frazier resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, saying he was taking a stand against intolerance and extremism. Frazier, who is African-American, is the only CEO so far to leave one of Trump's advisory councils because of his reaction to the violence in Virginia

  • No contaminated eggs in Malta – Ministry for Health

    August 12, 2017 12:15 AM 39

    No contaminated eggs have been imported to Malta, a spokesperson for the Ministry for Health has told The Malta Independent on Sunday. “The Environmental Health Directorate are monitoring the situation closely through the Rapid Alert System for Feed and Feed on a 24/7 basis, for any possible notifications with respect to the contamination of eggs with the non-authorised