Sunday, February 17, 2019
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Oddbins falls into administration with 550 jobs at risk

Sky News reported this week that European Food Brokers (EFB), which has owned Oddbins since its previous collapse in 2011, had filed a notice of intention to appoint Duff & Phelps to handle an insolvency

TSB blames IT meltdown for £105.4m loss in 2018

The bank said the failed migration of 1.3 billion customer records to a new IT system in April led to £330.2m in costs in the year to 31 December

Eight banks face EU probe for possible market collusion

The EU's competition watchdog has informed the companies - which it refused to identify - of its preliminary view that they breached anti-trust rules by colluding to distort competition while trading European government bonds (EGBs) from 2007 to 2012

BT to appeal courts’ pension calculation rulings

Britain's biggest telecoms operator sought a court ruling last year to change the index used to calculate pension increases paid to certain members of its defined pension scheme, from the retail price index (RPI) to the consumer price index (CPI)

Deloitte fined £409,000 by Malaysian authorities over bond issue irregularities

The global professional services giant is being censured by Securities Commission (SC) Malaysia for four breaches, in its role as an auditor for the state investment fund 1Malaysia Development Berhad (1MDB) during the 2015 and 2016 financial years

Domino’s Pizza slices full-year profit forecast

The pizza delivery giant said that it expects the international business to make a loss of £3m to £4m for 2018

Royal Mail shares plummet as it posts downward earnings revision

Royal Mail said that letters by volume dropped 8% over the nine months to 23 December, with letter revenues down 6%

‘No-deal’ Brexit would leave shelves empty, British Retail Consortium warns

UK retailers' industry group the British Retail Consortium has written to MPs with the warning, saying that the food retail sector's complex just-in-time supply chain will be significantly disrupted in the event of no deal

Unions demand urgent Tesco meeting amid fears over 15,000 jobs

Various media outlets have reported that Tesco is planning to cut up to 15,000 from its roster of around 310,000 staff as part of a drive to make cost savings of £1.5bn by next year

Ex-Barclays bosses charged with £322m fraud by SFO

The other executives charged include Thomas Kalaris, former chief executive of Barclays wealth management, and Richard Boath, former Barclays Capital head of European Financial Institutions Group