Business

FCA under fire over Lloyds compensation scheme

Image copyright Getty Images The Financial Conduct Authority (FCA) has been criticised for allowing Lloyds Banking Group to set up a “flawed” compensation scheme for victims of a massive fraud. The SME Alliance, which represents small firms ruined in the fraud, has filed an official complaint with FCA. It accuses Lloyds of covering up its […]

Business

Restaurant insolvencies jump as diners stay at home

Image copyright Gourmet Burger Kitchen Image caption Gourmet Burger Kitchen said it would shut 17 sites The number of restaurant businesses becoming insolvent jumped by a quarter in 2018 as consumers shunned the High Street, new figures show. Accountancy firm Moore Stephens said there had been 1,219 insolvencies, ranging from standalone restaurants up to large […]

Business

Nuisance call bosses face £500,000 fine

Image copyright Getty Images Directors of firms that cold-call consumers can now be fined up to £500,000 under new rules that have come into force on Monday. A ban on unsolicited phone calls came into effect in September this year. But some directors whose firms were shut down were able to evade fines by declaring […]

Business

PewDiePie printer hackers strike again

Image caption This text and image form part of a longer document sent to the printers Hackers have taken control of printers around the world. It is the latest in a series of such attacks, but this time they say they have the power to destroy the machines. The stunt was first carried out last […]

Business

What's knocked US markets off course?

Image copyright Getty Images Image caption Are US stock markets entering a darker period? Just a few months ago, US financial markets seemed headed for a third year in a row of hefty increases. But shares have tumbled since October, retreating to lower levels than at the start of the year. That decline continued on […]