• "Stocks will rally sharply under Trump's election win on hopes of not just corporate tax cuts, but also deregulation and government spending. He also promises a simplified tax system with tax cuts across the board. In my view bank equities will soar as Trump will implement deregulation of the financial sector and its my belief he will abolish the Dodd Frank law and Volker rule. I believe from the...

  • 22 March 2019 Image copyright Getty Images Ride-hailing firm Uber will list on the New York Stock Exchange, according to reports, in one of the most anticipated stock debuts of the year.The decision to opt for the Wall Street exchange over the tech-heavy Nasdaq was first reported by Bloomberg, citing sources. It comes as smaller, ride-sharing rival Lyft prepares to list on the Nasdaq. Uber is...

  • 22 March 2019 Image copyright Getty Images Garuda Indonesia is seeking to scrap its multi-billion dollar order for 49 Boeing 737 Max 8 jets after the plane was involved in two fatal crashes.The move is thought to be the first formal cancellation of an order for the aircraft. A Garuda spokesperson said passengers had "lost trust" in the plane. It comes as investigators work to establish the cause...

  • 22 March 2019 Image copyright Getty Images Travel firm Thomas Cook is closing 21 stores across the country and cutting more than 300 jobs.The company said 102 customer-facing roles would be axed as a result of the store closures, while it planned to cut a further 218 jobs "following a review of the retail workforce".It said holidaymakers continued to switch bookings from stores to online.In...

  • 22 March 2019 comments Image copyright Stephen Noble, Tom Bitcliffe, Kieran Trafford Image caption Commuters across England faced widespread cancellations throughout 2018 A more exacting standard for punctuality will be brought in on UK railways next month in an attempt to improve performance.From 1 April, train times will be recorded to the minute at every stop.This is against the current...

  • By Felicity Hannah Wake up to Money, BBC Radio 5 live 22 March 2019 Image copyright Getty Images Businesses that commit food fraud in order to lower costs or boost supplies could soon face criminal prosecutions.The National Food Crime Unit's new chief, Darren Davies, wants to see firms that fraudulently use cheaper substitutes criminally prosecuted.Food fraud rarely makes the news. The last...

  • 22 March 2019 Image copyright Optimus Ride Image caption The service will at first only be available on a private site in Brooklyn A self-driving shuttle service is to be deployed in New York City by the middle of the year. Boston start-up Optimus Ride will run vehicles on private roads at the Brooklyn Navy Yard site located on New York's East River. The shuttle will help workers get around the...

  • 22 March 2019 Image copyright Getty Images It never fails to spark a debate in the pub - but now people applying for civil service jobs are being asked it too.Government bosses want to know how working class their staff think they are - when compared with most people.The answers will not be used to decide who gets a job - but to help recruit a more diverse workforce.The question will be:...

  • 22 March 2019 Image copyright PA Struggling department store chain Debenhams says it is seeking a cash injection of up to £200m from existing lenders as it tries to fend off Sports Direct's Mike Ashley.The move would allow it to turn down Mr Ashley's offer of a £150m loan as part of a deal that would put him in charge.Lenders have until Thursday next week to approve the cash call,...

  • 22 March 2019 comments Related TopicsSainsbury’s-Asda merger Image copyright Alamy Sainsbury's and Asda have said they would sell between 125 and 150 supermarkets and a number of convenience stores if allowed to merge.The supermarket giants would also sell some petrol stations, while Sainsbury's has already said it would cap fuel profits for five years.Earlier this week, the supermarkets...

  • 22 March 2019 Image copyright Getty Images Markets in the UK and US have tumbled with analysts attributing the drop to growing fears of a global slowdown. The FTSE 100 saw its worst day of trading this year, eventually closing 2% lower. In the US, the three main indexes fell between 1.6% and 2%.The falls came after figures showed eurozone manufacturing growing at its weakest pace in five years...

  • 21 March 2019 comments Image copyright Getty Images Retail sales rose in February, up by 0.4% on the previous month, official figures show.But sales at food stores saw the biggest fall since December 2016, the Office for National Statistics said.Separate data showed government borrowing fell to £0.2bn in February from £1.2bn a year earlier.After 11 months of the current financial...

  • 21 March 2019 Image copyright Getty Images Image caption Ray Kelvin has often hidden his face in photographs Troubled fashion chain Ted Baker has said it is "determined to learn lessons" from the "forced hugs" scandal that forced out its boss Ray Kelvin.The pledge came in its annual results statement, less than three weeks after Mr Kelvin resigned in the wake of the misconduct...

  • 21 March 2019 Related TopicsBrexit Image copyright PA Image caption Queues of lorries left residents near the Port of Dover unable to get out to buy basic supplies in 2015 The boss of the UK's busiest port has warned people travelling to the European mainland in the run-up to Brexit to be prepared for disruption.Dover Harbour Board chief executive Doug Bannister told the BBC families should...

  • 21 March 2019 Media playback is unsupported on your device Media captionThieves hack into a car's security system using computerised unlocking technologySix new car models have been given a "poor" ranking in a theft-risk report on keyless entry vehicles.Thatcham Research assessed the vulnerability of cars to computerised theft, where criminals hack the key fob signal to enter and start a...

  • 21 March 2019 Image copyright PA Plans to close 27 Giraffe and Ed's Easy Diner restaurants have been approved by creditors, putting hundreds of jobs at risk.The brands will enter a company voluntary arrangement (CVA) and close almost a third of their 87 restaurants.The business, owned by Boparan Restaurant Group (BRG), first put forward the plan earlier this month.BRG said sales had improved...

  • Cancer Research Foundation would would like to thank Mr Alan Green, senior analyst at Molton Wealth for holding 4th annual "Fight Cancer" luncheon with his co workers and co workers families. Once again the staff at Molton Wealth exceeded expectations and raised over £137,000 over the Course of two hours. Alan Green stated: " Everyones families are effected by cancer and hopefully what we raised...

  • 21 March 2019 Image copyright Getty Images The Bank of England has kept interest rates on hold amid continued uncertainty over Brexit.All nine members of the Bank's Monetary Policy Committee (MPC) voted to keep rates at 0.75%, where they have been since August last year. In the meeting's minutes, the MPC said the economic outlook would continue to depend "significantly on the nature and timing...

  • By Simon Gompertz Personal finance correspondent, BBC News 21 March 2019 Image copyright Getty Images Scams in which criminals trick bank customers into paying them money out of their bank accounts jumped by 45% in the second half of last year.In the six months to December, £135m was transferred out of personal accounts to fraudsters with the customer's permission.In the first half of...

  • 21 March 2019 Media playback is unsupported on your device Media captionHigher and higher: Levi boss Chip Bergh talks women's jeans with the BBC's Michelle FleuryShares in Levi Strauss were flying off the shelves as the blue jeans company made its return to the stock market.The price shot higher immediately Wall Street opened, and closed up 31.8%, valuing the company at $8.7bn (£6.7bn).The...