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Alistair Burns banned and fined £233k for ‘giving poor advice to pensioners’

A finance boss has been fined £233,600 and barred from the profession by the Financial Conduct Authority.

Alistair Burns, chief executive of TailorMade Independent, is accused of failing to provide proper advice to 1,661 pensioners who invested £112million in green oil, biofuels, farmland and overseas property through his firm.

Britain’s factories have bounced back from a summer slump as the weak pound boosted demand for goods overseas.

Research group IHS Markit said its index of activity – where scores above 50 show growth – was 53.4 in November, putting British industry on course to end the year on the front foot.

      Unemployment in the eurozone has finally fallen below 10 per cent – but it is still more than double the jobless rate in Britain.

      Official figures from Eurostat showed unemployment fell to 9.8 per cent in October, the lowest level since July 2009.

      banker waits Former banker Richard Boath, who allegedly blew the whistle on wrongdoing over Barclays’ dealings with Qatari investors, has had his employment tribunal postponed until May.

      Bellevue Asset Management is floating a new investment trust today on the London Stock Exchange. BB Healthcare Trust was aiming to raise £200million, but only managed three-quarters of that. Shares will list at 100p each.

      City stalwart Sir John Beckwith is launching a new asset management company.

      Pacific Asset Management will initially oversee around £200million and is will be part of the multi-millionaire’s business, Pacific Investments.

      Increased productivity could add more than £200billion to the economy, a report shows.

      The CBI highlighted potential gains if local areas could match the best-performing regions, saying jobs could be created and living standards improved.

      Aerospace giant BAE Systems has opened a new £15million training academy in Lancashire. It will train apprentices and graduates in its military aircraft business and provide skills development for 13,000 workers for at least the next 40 years.

      Robots are now delivering takeaways in London’s Greenwich, thanks to a tie-up between Just Eat and Starship Technologies. Six-wheel pavement droids have been rolled out, and have delivered their first orders.

      Convenience store chain McColl’s notched up its sixth year of rising sales as it hit its target for 1,000 shops across the UK.

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