Faarea Masud

London

Business Journalist at BBC

I laugh at my own jokes. Journalist @BBCNews … Trying to get to the South Pole. My TV documentary Shrimps, Saris & Guns: https://t.co/w4I3QrzB3e

Articles

Some M&S stores left with empty shelves after cyber attack

2 weeks ago | sg.news.yahoo.com | Faarea Masud |Joe Tidy

The food shelves in the Marble Arch M&S in central London were missing some products [BBC]Some Marks & Spencer (M&S) stores have been left with empty food shelves as the retailer continues to struggle with a cyber attack affecting its operations. Online orders have been paused on the company's website and app since Friday, following problems with contactless pay and Click & collect over the Easter weekend. The BBC understands food availability should be back to normal by the end of the week.
House prices fall in April as stamp duty changes kick in

2 weeks ago | bbc.com | Faarea Masud

House prices fall in April as stamp duty changes kick inFaarea MasudBusiness reporter, BBC NewsGetty ImagesHouse prices fell in April as buyers faced paying thousands of pounds more in stamp duty, according to new figures from Nationwide. Prices were down 0.6% month-on-month, the building society said. The slowdown in the market was expected due to changes to stamp duty thresholds kicking in on 1 April.
M&S stores left with empty shelves after cyber attack

2 weeks ago | bbc.com | Faarea Masud

M&S stores left with empty shelves after cyber attackFaarea MasudBusiness reporter, BBC NewsGetty ImagesSome Marks & Spencer stores have been left with empty shelves as the retailer continues to struggle with a cyber attack affecting its operations. Over the Easter weekend, customers reported problems using contactless pay and Click & Collect, and online orders have been paused on the company's website and app since Friday.
Tax-free parcels rule used by Shein and Temu under review

2 weeks ago | bbc.com | Faarea Masud

Shein and Temu tax-free parcels rule under reviewFaarea MasudBusiness reporter, BBC NewsGetty ImagesMajor retailers have welcomed the government's review of a rule that allows small parcels to enter the UK duty-free, saying it gives overseas firms such as Shein and Temu an unfair advantage over British businesses. The current rule allows international retailers to send packages to the UK worth less than £135 without incurring import taxes.
Shein and Temu tax-free parcels rule under review

2 weeks ago | ca.finance.yahoo.com | Faarea Masud

Major retailers have welcomed the government's review of a rule that allows small parcels to enter the UK duty-free, saying it gives overseas firms such as Shein and Temu an unfair advantage over British businesses. Former Dragon's Den star Theo Paphitis, whose retail group includes the Ryman and Robert Dyas chains, told the BBC the measure was ruining UK High Streets. The rule allows international retailers to send packages to the UK worth less than £135 without incurring import taxes.
Higher pay and benefits drives government borrowing higher

3 weeks ago | ca.finance.yahoo.com | Faarea Masud

The government borrowed more than expected in the year to March due to increased spending on pay and benefits, according to official figures. Borrowing, the difference between spending and income from taxes, was £151.9bn in the year to March, up £20.7bn from the year before. The amount borrowed was much higher than the £137.3bn predicted by the UK's official forecaster.
UK inflation falls as price of petrol comes down

4 weeks ago | yahoo.com | Faarea Masud

Falling petrol prices drove UK inflation down by more than expected in the year to March. Inflation was 2.6%, down from a rate of 2.8% in February, according to official data. But the fall may only be temporary as analysts say it's expected to spike from April as rising bills and higher business costs take hold. "The only significant offset came from the price of clothes which rose strongly this month," said Grant Fitzner, chief economist at the Office for National Statistics (ONS).
UK jobs market weakens as employment costs grow

4 weeks ago | yahoo.com | Faarea Masud

Job vacancies have fallen to the lowest level in nearly four years, suggesting demand for workers is weakening as employment costs grow. The number of jobs on offer fell to 781,000 in the first three months of the year, the Office for National Statistics (ONS) said, while payroll numbers also declined.
Oldest Post Office scandal victim says new compensation offer 'not good enough'

1 month ago | yahoo.com | Emma Simpson |Faarea Masud

The oldest surviving victim of the Post Office Horizon scandal has had her offer of compensation increased but she said "it's still not good enough". Betty Brown, 92, was originally offered less than a third of what she had claimed for, but she has now received a new offer of 60%. However the former sub-postmistress told the BBC justice was still being denied.
'It's a huge blow to Scotland's whisky industry'

1 month ago | bbc.com | Faarea Masud |Jennifer Meierhans

Business in England, Scotland, Wales and Northern Ireland tell us what US tariffs could mean for them.