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Former BHS owner dubbed a 'liar'

BHS: former executives savage ‘liar’ Dominic Chappell 8 June 2016 From the section Business Media captionFormer BHS financial consultant Michael Hitchcock said Dominic Chappell was ‘a premier league liar’ Former BHS executives have launched a scathing attack on the man who bought the failed retailer. Dominic Chappell was accused of ...

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Royal Mint sells gold bars for pensions

Royal Mint to sell gold bars for pensions By Brian Milligan Personal Finance reporter 8 June 2016 From the section Business Image copyright Royal Mint The Royal Mint is to offer savers the chance to own gold bars within their pension funds for the first time. Investors will be able ...

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Nikkei falls on yen worries, turnover lowest this year

The U.S. dollar USDJPY, -0.32% drifted lower to ¥109.64 before changing hands at ¥109.71. Mobile giant SoftBank dropped 1.17 percent to 6,059 yen following reports it is planning to sell its majority stake in Finnish smartphone gaming company Supercell. “Still, the data was enough to trigger yen buying”, said Masashi ...

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Losses deepen at retailer AO World

Online retailer AO World sees losses deepen 8 June 2016 From the section Business Image copyright Getty Images AO World, the online domestic appliance retailer, has reported deeper full-year losses, citing start-up costs and investment from its push into Europe. Pre-tax losses were £6.7m in the year to March 2016, ...

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Fed survey finds modest growth in many regions

A key report about the US economy released Wednesday offered a subdued take on the USA economy, leaving open the question about the likelihood that the Federal Reserve will raise interest rates this summer. “Wages grew modestly since the last report, with increases concentrated in areas of labor tightness”, the ...

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Rain forecast: above normal

“The onset of monsoon in Kerala is expected to be slightly delayed and is likely to take place around June 6 to June 7 as a weak current”, said Kanti Prasad, senior consultant, climate sciences, WRMS Pvt Ltd. “The monthly precipitation forecasts based on the model products dated May 26 ...

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Trump calls for Clinton to be jailed

The speaker had criticized the Republican candidate several times, including Trump’s proposal in December to temporarily ban all Muslims from entering the United States because of national security concerns. “I don’t believe our country can let her get away with this crime”. As Crowdpac highlights, Clinton’s campaign has raised $123 ...

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Egypt sends submarine to hunt for crashed EgyptAir jet

The EgyptAir passenger plane sent a series of electronic signals indicating that smoke had been detected on board before it crashed into the Mediterranean on Thursday, said France’s air accident investigation agency. On Saturday, BEA spokesman Sebastien Barthe had said that data transmissions from the plane had revealed the presence ...

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Asia stocks hit five-week high after cautious Yellen

Bullion is coming off of its biggest monthly loss since November after signs of an improving USA economy spurred speculation that the Fed could tighten monetary policy as soon as this month. U.S. FACTOR: Downbeat jobs data released Friday appeared to convince traders that the Federal Reserve will keep interest ...

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FTSE dips but Sainsbury's shares rise

FTSE 100 dips but Sainsbury’s shares rise 8 June 2016 From the section Business Image copyright Getty Images (Open): The London market fell slightly as trading got under way, but shares in Sainsbury’s rose after its latest sales performance beat expectations. Like-for-like sales dropped 0.8% in the 12 weeks to ...

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