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Home sellers risk losing money over quick sales

Home sellers risk losing money over quick sales

Business
Home sellers could be at risk of losing large sums of money when using quick-sale estate agents to find a buyer, Trading Standards has warned.It has seen dozens of cases of people losing tens of thousands of pounds off the market value of their homes.Some homeowners will accept a lower offer price to secure a speedy sale, and many firms provide a good service.But investigator Alison Farrar said Trading Standards had "a few of these companies on their radar" at present."I would imagine there are quite a few more we don't know about," she added.Adverts on social media and in national newspapers promise to sell people's homes within seven or 14 days, and in many cases offer a valuable service for people needing to sell quickly.But R...
‘Beales failure would be disaster for my business’

‘Beales failure would be disaster for my business’

Business
If department store chain Beales goes under it will be "a disaster" for DK Bags.The small business imports handbags from China and sells them on to customers in the UK.One of their clients is Beales, which went into administration on Monday.And that's a worry for Ian Siddall - one of the owners of DK Bags - because the department store chain still owes his small, Kent-based business £25,000.Earlier this week, Beales boss Tony Brown told the BBC that he was trying to shore up the company's finances by closing some stores. And the administrators insist that they are in talks to sell the chain.But since the firm was put into administration, signs have gone up at Beales stores saying: "Closing down, everything must go."Meanwhile, the
HS2 risks misjudged from the start, says watchdog

HS2 risks misjudged from the start, says watchdog

Business
No-one took full account of how complex and risky the HS2 high-speed rail project was likely to be, the government spending watchdog has said.The Department for Transport (DfT) and HS2 Ltd did not allow for all uncertainties when estimating initial costs, the National Audit Office (NAO) said.In 2015, HS2 was due to cost £56bn.Earlier this week, however, a leaked government-commissioned review suggested the total could reach £106bn.The findings of the independent review, conducted by former HS2 Ltd chair Doug Oakervee, have not yet been officially published. The government will use the report to inform its final decision on whether to give the go-ahead to the HS2 project, and has said a final decision on whether to continue with i
Morrisons supermarket axes 3,000 managers in huge shake-up

Morrisons supermarket axes 3,000 managers in huge shake-up

Business
Morrisons is axing 3,000 management roles as part of a huge restructuring to create more shop floor jobs.The firm says it is also creating 7,000 new hourly-paid roles at its 500 stores, meaning a net 4,000 new posts.The new jobs will be in customer-facing roles, such as more butchers, bakers, fishmongers, the supermarket said.Morrisons said the new roles will be a mixture of part and full time posts, but declined to reveal how the numbers will be split.Managers will be able to move to the new jobs, with the firm saying there will be roles "for everybody who wants to continue to work at Morrisons".David Lepley, Morrisons group retail director, said: "Whilst there will be a short period of uncertainty for some managers affected by these proposals we will be...
Northrup Grumman awarded $217.2M for BACN payload support

Northrup Grumman awarded $217.2M for BACN payload support

Business
Jan. 22 (UPI) -- Northrop Grumman Systems was awarded a $ 217.2 million modification to provide operation and support for Battlefield Airborne Communications Node payload operations, the Pentagon has announced. Under the deal, Northrup Grumman will support payload equipment and services for the Battlefield Airborne Communications Node, a U.S. Air Force relay and gateway system carried by the EQ-48 and Bombardier E-11A aircraft. The node enables real-time information flow across the battlespace in line-of-sight and beyond-line-of-sight operations. Work will be performed in San Diego and at undisclosed overseas locations, with an expected completion date of Jan. 23, 2021. This deal modifies an earlier contract awarding $ 172.7 million for BACN payload operation and support services. Accord...