TSB turned down help from staff at Lloyds during IT meltdown chaos

Money

IT CHAOS Crisis-hit TSB turned down help from staff at former owner Lloyds when the switch to its own IT systems led to a meltdown last month, sources claimed.

TAX TIME Seattle lawmakers have won a battle over new taxes with local business Amazon after voting to impose a levy of about £200 per employee on companies with sales of more than £14.8million to help fight homelessness.

SALES JOY Department store John Lewis’ sales rose 3.3 per cent last week.

ASIA FALL A 9 per cent fall in Asia Pacific sales dragged revenues at Danish jeweller Pandora 1 per cent lower to £603million during the first three months.

RETAIL ROLE Swedish flat-pack retailer Ikea has promoted Javier Quinones from deputy to retail manager for UK and Ireland.

SWISS BASE Russian cyber security firm Kaspersky Lab is opening a data centre in Switzerland as it fights claims that it gave spies access to customer computers.

PROFIT HOPE Brazil-focused miner Serabi Gold has made a quarterly profit of £250,000, compared to a loss of £24,000 during the first three months of 2017.

EARNINGS UP Support services group DCC made £383.4million profit last year, up 11.1 per cent on the year before.

DEAL APPROVED The takeover of miner Lonmin by Sibanye-Stillwater has been approved by the South African Reserve Bank.

SITE SOLD Landlord Grainger is buying a 261-home, build-to-rent development in Milton Keynes for £63million from Peveril Securities.

CONTRACT WIN Support services firm Capita has won a £37million contract from the Financial Services Compensation Scheme to handle pension, insurance, mortgage and investment claims.

LEGAL EAGLES Law firm DLA Piper is opening an office in Dublin to serve banks which open there to cope with post-Brexit changes.

BUYOUT PLANS Managers at broker Coversure Insurance Services Group have taken control of the business in a buyout.

RAKED IN Trading firm Hargreaves Lansdown attracted £3.3billion of investors’ cash in the first four months of 2018.

SHARE DEAL Perfume firm L’Oreal launches its first staff share ownership scheme next month.

 

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