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Tag Archives: new business ideas

'Poor' British Steel pensions advice reviewed by police

Reports Port Talbot steelworkers have been given poor pensions advice are being looked into by police.Tata Steel employees have claimed they have been mis-sold advice about moving from the British Steel Pension Scheme after it was removed from the business.The Financial Conduct Authority is already investigating 17 firms over …

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Bonuses for Carillion bosses are blocked

Bosses and directors of Carillion will not get bonuses or severance payments, the government has said. The Insolvency Service said no such payments had been made since the construction firm collapsed on Monday.The announcement comes as work on Carillion’s public sector construction sites is paused pending decisions about their …

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Wagamama and Pret seek to reduce plastic straw usage

Pret a Manger and Wagamama have become the latest companies to announce an end to automatically providing plastic straws.Customers will be offered a paper alternative, and plastic straws will be available only on request.The firms’ decision comes after Theresa May called plastic waste one of the “environmental scourges of …

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New nuclear plant at Sizewell '20% cheaper than Hinkley'

EDF Energy has said it could build a new nuclear power station in Suffolk for significantly less than the near £20bn Hinkley Point C site.Chief executive Simone Rossi said there could be a capital cost reduction of 20% for a proposed new plant at Sizewell, Suffolk.Work has started on …

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Tesco delays Clubcard rewards cut after backlash

Tesco is delaying a cut to its biggest Clubcard rewards after it faced a backlash from customers.The supermarket announced on Monday that the value of its reward vouchers was changing immediately, provoking an angry response on social media.It has now pushed back a drop in the most generous rewards …

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Bitcoin dips below $10,000 for first time since December

Bitcoin has traded below $10,000 for the first time since early December.The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to a price index run by the news site Coindesk.However, it later fell again dipping just below $9,200. That represents a drop of …

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GKN rejects £7.4bn hostile takeover bid

Engineering giant GKN has rejected a £7.4bn hostile takeover bid from Melrose Industries.Turnaround specialist Melrose said it believed it could “deliver significantly greater benefits” to GKN’s shareholders than GKN could on its own.Last week, GKN rebuffed an initial £7bn bid from Melrose because it “fundamentally undervalued” it.It said the …

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