Business

Barclays customers can now ‘switch off’ spending

[ad_1] Image copyright Getty Images Barclays has become the first High Street bank to allow its customers to "switch off" certain types of spending on their debit cards.The idea is to help vulnerable customers, particularly problem gamblers, or those in serious debt.However, all account holders can now block their own spending in a number of categories, including supermarkets, restaurants, pubs and petrol stations.It follows pressure from charities and money experts
Business

Push for alternative to leasehold system

[ad_1] Image copyright Getty Creative Expansion of the commonhold system of home ownership as an alternative to leasehold tenancies has been urged by the government's law reform adviser.Commonhold - where people own their homes without an expiring lease - was introduced 14 years ago, but has been little-used.Meanwhile, there have been widespread complaints about the leasehold system.The Law Commission wants commonhold to be more widely available in England and Wales
Business

Interserve rescue plan prompts share collapse

[ad_1] Image copyright Creative Commons Image caption Interserve holds the contract for cleaning Network Rail stations Shares in Interserve - one of the UK's largest providers of public services - have collapsed after it revealed it is seeking a rescue deal.The firm, which works in prisons, schools, hospitals and on the roads, has £500m of debts and says its rescue plan will involve issuing new shares.Its shares initially fell as
Business

Vijay Mallya can be extradited to India, London court rules

[ad_1] Image copyright AFP/Getty Indian business tycoon Vijay Mallya can be extradited from the UK to India where he faces fraud charges, a London court has ruled.The extradition ruling will be passed to the Home Secretary for approval.Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on debts of more than $1bn (£785m).He denies "fleeing" from India, and says he made an "unconditional"
Business

Brexit anxiety sends pound to 18-month low

[ad_1] Image copyright Getty Images The pound has fallen to an 18-month low against the dollar amid mounting uncertainty about the terms of the UK's exit from the EU.After reports that Theresa May is delaying Tuesday's vote on her Brexit deal, the pound fell to $1.2656, its lowest level since June 2017.The pound slipped to three-month lows against the euro, trading at €1.1085The currency is seen as a barometer of
Business

Domino’s Pizza shares fall 7% amid franchise row

[ad_1] Image copyright Domino's Pizza Shares in Domino's Pizza Group have dived 7% amid reports of an escalating row between the firm and its franchisees. According to the Sunday Times, 11 of the company's biggest franchisees have written to the board threatening to "declare war" on the firm unless they get a bigger slice of the company's profits. They warned they could stop opening new stores if their demands were
Business

Vijay Mallya: India tycoon to learn extradition fate

[ad_1] Image copyright Reuters Image caption Vijay Mallya denies the allegations against him Indian drinks tycoon Vijay Mallya is due to find out whether or not he will be extradited from the UK to India, where he faces charges of fraud.Mr Mallya, who left India in March 2016 after defaulting on debts worth more than $1bn (£785m), will appear in a London court on Monday.He denies "fleeing" from India, and
Business

Vijay Mallya: India’s most controversial businessman?

[ad_1] Image copyright Reuters Image caption Vijay Mallya denies the allegations against him Controversial tycoon Vijay Mallya is waiting to learn whether he will be extradited to India to face charges of financial crimes.Once called the "King of Good Times" due to his extravagant lifestyle, the businessman has been embroiled in financial scandals since 2012 and stands accused of fraud and money laundering - allegations he denies. If he is