Mon 16 May 2022 13:01
(Sharecast News) - Administrators for the collapsed rent-to-own firm BrightHouse, which specialised in loans for big-ticket items such as fridges and sofas, have warned they will not have enough money to compensate thousands of customers who were left with unaffordable debts. The latest report from the accountants Grant Thornton, which is managing the administration, shows a plan to set aside £600,000 for payouts to customers who may have been mis-sold expensive loans by BrightHouse has been scrapped. - Guardian
Sun 15 May 2022 15:02
(Sharecast News) - State-controlled Emirates Telecommunications Group has amassed a 9.8% stake in Vodafone. However, Etisalat, as the Abu Dhabi telecoms operator is know, has said it has no intention of making a takeover bid nor is it "seeking to exert control or influence". That statement in effect bars it from being able table a bid for six months. Be that as it may, Enders analyst., Karen Egan, believes that the move adds to the pressure on Vodafone boss, Nick Read, to accelerate his restructuring plans. The company, which is due to present results on Tuesday, was already facing calls from some of its main shareholders to slim its operations and boost returns. - The Financial Times on Sunday
Fri 13 May 2022 07:34
(Sharecast News) - Twitter announced the departure of two top leaders in a major shakeup that comes as billionaire Elon Musk is working to close a $44bn deal to acquire the company. In an email to employees on Thursday, chief executive Parag Agrawal said Twitter's leaders for consumer product and revenue will leave the company. Agrawal said the company was temporarily pausing hiring, and would review all existing job offers to determine whether any "should be pulled back". - Guardian
Thu 12 May 2022 07:29
(Sharecast News) - Client meetings and emails could be picked up alongside a pint of milk and a box of eggs under a new deal between Tesco and flexible office operator IWG. From later this month, the owner of office operator Regus is to test out a 3,800 sq ft flexible working area within Tesco's New Malden supermarket, with room for 12 private desks, 30 co-working spaces and a meeting room. - Guardian
Wed 11 May 2022 07:32
(Sharecast News) - More than 250,000 households will "slide into destitution" next year, taking the total number in extreme poverty to around 1.2m, unless the government acts to help the poorest families hit by the energy price shock, according to the National Institute for Economic & Social Research (NIESR). More than 1.5m households will see the rise in food and energy bills outstrip their disposable income, forcing them to rely on savings or extra borrowing to make up the shortfall, said the thinktank, which blamed welfare spending cuts since the Brexit vote in 2016 for leaving millions of families in a vulnerable financial position. - Guardian
Tue 10 May 2022 07:30
(Sharecast News) - Drivers are scrambling to buy secondhand electric cars, more than doubling sales in the past year as demand for zero-emission vehicles surges. Figures from the Society of Motor Manufacturers and Traders (SMMT) show that the number of transactions for electric cars increased from 6,600 in the first three months of 2021 to almost 14,600 in the first quarter of this year, an increase of 120%. - Guardian