Do Christmas without making Amazon even richer

For many, Christmas shopping is in full swing, albeit online from a sofa or kitchen table while still in lockdown.  It might be tempting to click on the obvious, but there are plenty of alternatives to billionaire Jeff Bezos’s Amazon for people who want to put time and thought into …

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Use high streets at Christmas, urges owner of HMV

Music mogul Doug Putman is not a man to ignore harsh truths. Rescuing music chain HMV last year thrust him directly in the path of tech giant Amazon. Even back then he was keenly aware of the challenge he faced, just as he’s now candid about the pandemic boost gifted …

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HAMISH MCRAE: UK must play financial cards judiciously

The new adventure begins. If you wanted to choose a moment when the UK starts to direct its economy away from Europe and towards the rest of the world, this is as good as any.  On Wednesday we get Rishi Sunak’s Spending Review, setting out the Government’s plans to direct …

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Facebook’s war with CMA could end in £3bn fine

Facebook has become embroiled in an explosive row with Britain’s markets watchdog that could result in a fine of up to £3billion.  The social media giant has lost a legal case to overturn an order by the Competition and Markets Authority in June that demanded Facebook freeze a host of …

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Joe Biden tax hikes will sink shares in US, says guru

Warning: Funds chief Mark Mobius Veteran investor Mark Mobius has warned that the US stock market faces a sharp drop because of President-elect Joe Biden’s plans to hike taxes.  Mobius, one of the best-known investors globally, said that taxes could go up ‘radically’ under Biden for individuals and businesses.  ‘If …

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PM Boris Johnson tells firms to fund £40bn green surge

Boris Johnson has launched a lobbying offensive to persuade big business to spend more than £40billion on green projects over the next decade, The Mail on Sunday can reveal.  The Prime Minister and Business Secretary Alok Sharma held a private meeting with more than 20 powerful British and multinational corporations …

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Exit fees here to stay as the regulator does a U-turn

Rip-off exit fees for investors switching between investment platforms could be here to stay, after the financial regulator ditched proposals to ban them.  Critics claim the fees put investors off switching because they know it could land them with a bill costing several hundred pounds.  But the Financial Conduct Authority …

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Nationwide mortgage boost for first-time buyers

Nationwide is examining plans to make it easier for first-time buyers to get a mortgage with a 10 per cent deposit.  Chief executive Joe Garner said the building society is looking at how it can ‘safely go further’ with loans to customers who need to borrow 90 per cent of …

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WeWork lures more City firms as offices shut due to Covid

WeWork is in negotiations with a string of City firms that want more flexible offices because so many of their staff are working from home.  Accountant Deloitte – which has proposed moving workers at four UK offices on to homeworking contracts – is closing its Manchester office and transferring 800 …

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Anglo American ID cards flash red if staff get too close

Employees at platinum and diamond giant Anglo American have been given security passes that flash red if they stand too close together.  The FTSE 100 miner, which employs 90,000 people across six continents, has kitted out staff at its offices and mines with the technology to stop them accidentally breaking …

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