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U.K. markets news

Tesco to shed up to 1700 jobs in new management shake-up
Tesco is stripping out a layer of management from its stores in a move that puts up to 1,700 jobs at risk. The UK's biggest supermarket chain said it wouldremove people managers, who handle recruitment and other personnel matters, compliance managers ...
Tesco to axe 1700 shop floor roles across its stores in bid to 'simplify ...
Tesco to slash 800 in-store jobs in junior management shake-up
Plymouth Herald  
IMF lifts global growth forecast, but cuts UK growth in 2019 - business live
IMF say Donald Trump's tax reforms will help spur the global economy in 2018, while Britain's prospects for 2019 are downgraded.
IMF says tax overhaul will help boost US and global growth … for now  CNBC
IMF: Global economic outlook is bright  BBC News
Amazon debuts the store without a checkout
Five years ago Amazon started working on a secret project: how to eliminate the checkout line in stores. Amazon executives reasoned that most other aspects of physical shopping had been pretty much perfected, except for one thing - nobody likes ...
Amazon opens a supermarket with no checkouts  BBC News
Amazon Go, e-commerce giant's cashierless grocery store, opens to the ...  Chicago Tribune
UK universities face disruption as staff back industrial action
Tens of thousands of university students could face disruption to their studies next month after higher education staff voted in favour of industrial action in protest at potential changes to their pensions.
Top universities face strike action over pension changes  BBC News
University staff plan walkouts in bitter pensions row
Bookmakers hit back at 'rumour' of �2 betting machine stake limit
The gambling industry was forced to dismiss as "rumour" reports that the Government was in favour of slashing stakes on controversial betting terminals to �2 after hundreds of millions of pounds were wiped off listed bookmakers' values.
FOBT threat: 'It's a silent addiction but at its worst it takes ...  The Guardian
Stakes are high as bookies warn of job losses and store closures if fixed ...  Norfolk Eastern Daily Press
Just one person in eleven can spot scams accurately - what everyone else is ...
Many people may be over-confident about their ability to spot a scam, research suggests. Four-fifths (80%) of over 2,300 people surveyed for the Take Five to Stop Fraud campaign say they could confidently identify a fraudulent approach.
Think you can spot scammers? Just 9% of Britons really can  The Guardian
Take Five to Stop Fraud roadshow comes to intu Trafford Centre.  Messenger Newspapers
LONMIN PLC - 2017 Final Results Announcement
LON 2017 Final Results Announcement Lonmin Plc (Incorporated in England and Wales) (Registered in the Republic of South Africa under registration number 1969/000015/10) JSE code: LON Issuer code: LOLMI ISIN: GB00BYSRJ698 ("Lonmin") 5th Floor Connaught ...
Lonmin's full-year loss widens after a $1bn writedown  City A.M.
Lonmin distress unsustainable after suffers $1.05bn impairment  Mining MX
World's richest 1% pocketed 80% of all new wealth last year, Oxfam report reveals
More than 80 per cent of the all the wealth generated globally last year flowed into the coffers of the richest 1 per cent of the population, a new Oxfam report has revealed.
Inequality gap widens as 42 people hold same wealth as 3.7bn poorest  The Guardian
The Billionaire Bonanza: 5 Things You Need To Know About The Inequality Gap  HuffPost
Managing the PFI legacy
A year on from the government's tentative announcement regarding a reinvigoration of the PFI project pipeline, Labour promised to undertake a review of all PFI contracts and look to bring some "in house" if voted into power.
All outsourcing and PFI contracts should be paused, think tank urges  Belfast Telegraph
Appoint 'invigilator' to monitor outsourcing contracts, sector told  The MJ
Fabio the shop robot is shown the door
At first Fabio the ShopBot charmed shoppers at the Edinburgh store with cheerful greetings and high fives ... but within days he was scaring themNot known.
Edinburgh Deli Gives Robot the Sack!  DIGIT.FYI (blog)
Robot fired from grocery store for utter incompetence  ZDNet