uk-hotdailynews: 2015-01-09 U.K. Business

Dave Lewis: Tesco's man with a plan swings the axe as investors see a new dawn
The Independent
The Tesco boss Dave Lewis stamped his mark on the supermarket's future by launching change across the entire business, sending shares soaring an unprecedented rate of 16 per cent. The dividend was scrapped, the loss-making film-streaming blinkbox ...

Tesco Woes Require More Asset Sales to Bolster Revival: Real M&A   Businessweek
Tesco to lower costs to fund price cuts   Irish Examiner
UPDATE 6-Tesco kicks off fightback with cost cuts and asset sales   Reuters
Telegraph.co.uk
Morning Star Online
all 519 news articles »

Festive disaster at M&S as non-food sales fall for the 14th straight quarter
The Independent
Marks & Spencer suffered a disastrous Christmas across its clothing and gifts business after a warehouse meltdown and warm weather sent sales in the division plummeting for the 14th quarter in a row. The high-street giant admitted that its peak December ...

Retailer hit by online deliveries   Gulf Daily News
Feeble Marks & Spencer serves up late Christmas turkey as high street giant is ...   This is Money
Marks & Spencer boss defends Christmas performance   Telegraph.co.uk
Reuters UK
Financial Express
all 206 news articles »

UK firms step up hiring of permanent staff in December - REC
Reuters UK
LONDON (Reuters) - British firms hired permanent staff through recruitment companies at a faster rate in December although growth in starting salaries eased slightly, an industry survey showed on Friday. Overall, Britain's labour market was in good shape ...

Jobs market ends year strongly   CITY A.M.
Pay rates for new staff 'soaring'   shropshirestar.com
Candidate shortages to continue, REC survey finds   PersonnelToday.com
bdaily
all 12 news articles »

Grocery price war looms as Tesco plans comeback
Irish Independent
Shoppers could be poised to reap the benefits from a looming grocery price war as Tesco tries to win back consumers after a disastrous 2014. Ads by Google. Share. Facebook · Twitter · Google · Email. Go To. Comments. The chief executive of the British ...

Tesco Details Its Plans for a Turnaround   New York Times
Sainsbury's price cutting campaign wipes 1.7% off Xmas sales   This is Money
British supermarkets   The Economist
Daily Mail
Grimsby Telegraph
AOL Money UK
all 304 news articles »

Bank of England urged to include housing in inflation targets
The Independent
The Bank of England is likely to be asked to target a new inflation measure after an independent review commissioned by the UK Statistics Authority yesterday recommended scrapping the consumer prices index (CPI) as the headline gauge of rises in the cost ...

CPI 'is costing Britain billions'   Irish Examiner
Calls mount for Treasury to scrap flawed RPI   The Times (subscription)
Britain should end use of retail price index in the sale of gilts, review says   Chicago Tribune
The Economic Voice
Wall Street Journal (blog)
all 40 news articles »

Standard Chartered shuts equities operation and culls 2000 more jobs
The Independent
The Standard Chartered boss Peter Sands took the axe to businesses and staff again yesterday as he continued to grapple with the task of turning the emerging markets bank around. The embattled chief executive, who has presided over three profit warnings ...

Standard Chartered axes equities business, cuts 4000 jobs   AsiaOne
Thousands of jobs set to go at Standard Chartered as it shuts down loss-making ...   This is Money
Minimal impact in Singapore as StanChart shaves off business   THE BUSINESS TIMES
Bloomberg
Asian Investor (subscription)
all 262 news articles »

David Cameron vows to spread growth
Irish Examiner
UK prime minister David Cameron and chancellor of the exchequer George Osborne pledged to spread economic strength beyond London as they sought to woo voters in northwest England. Mr Cameron's Conservative Party is fighting for votes in a part of ...

David Cameron vows to turn Manchester into Britain's Los Angeles   Daily Mail
Prime Minister and Chancellor of the Exchequer pledge to create northern ...   Rochdale Online
George Osborne confirms plan to use budget surplus to cut taxes by 2020   The Guardian
AOL Money UK
Chicago Tribune
Manchester Evening News
all 77 news articles »

Dairy Factory Gears Up for Production
Wall Street Journal
Cayuga Milk Ingredients this month began full production of cream and milk powder at its $100 million dairy factory in Auburn, N.Y. Above, Holstein cows last month at the rotary milking parlor at Sunnyside Farms, a Cayuga supplier and shareholder. Heather ...

First Milk defers payments   Herald Scotland
Ministry unveils more steps to assist crisis-hit dairy farmers   ecns
Cold Weather Is Beneficial for Milk Production   MyStateline.com
Truro Daily News
BBC News
Farming Life
all 30 news articles »

Oil traders hoard crude at sea
The Independent
The collapse of global oil prices has prompted commodity traders to start hiring supertankers again because they can make a profit from stockpiling crude oil at sea. The oil giant Shell and energy traders Vitol and Trafigura have recently booked tankers for up ...

Exclusive: Oil glut spurs top traders to book supertankers for storage at sea   Reuters
Oil glut spurs top traders to book supertankers for storage at sea   InterAksyon

all 30 news articles »

Mapped: The most unaffordable places to get a mortgage in the UK
CITY A.M.
Last year the bar was raised for first-time buyers hoping to get a mortgage, as the Bank of England introduced new rules limiting the amount banks and building societies can lend. For the first time, the amount mortgage customers can borrow has been capped ...

House prices: Affordability ceiling and 'deluded' sellers stall the property market   Telegraph.co.uk
British house prices surprisingly rise 0.9 pct in December   GlobalPost
Poor wage growth behind housing slowdown, says Halifax   BBC News
Financial Times
moneyfacts.co.uk
Property Wire
all 63 news articles »

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