Keep up to date with the latest actuarial and business news in our weekly round-up…

 

Black Friday 2018: Shoppers warned of rip-off deals as retailers look for boost

Struggling retailers are hoping for a boost this Black Friday, with as much as £1.5bn expected to be spent online alone. However, experts warned shoppers to be on their guard for rip-off deals and purchases.

Brexit race to stockpile pushes some of UK’s aerospace suppliers to the brink

A race between Rolls-Royce and Airbus to stockpile before Brexit is causing cash flow problems for the smaller suppliers as they push for consignment stock deals.

Virgin Atlantic in surprise bid to take off with Flybe

The carrier part-owned by Sir Richard Branson is in talks about a surprise takeover for the regional airline. Flybe put itself up for sale last week amid growing financial pressure.

Californian wildfires to cost insurers up to $13bn

The deadly Californian wildfires are set to cost insurers up to $13bn amid widespread property damage and business interruption, RMS estimate.

And finally…

Aldi’s Kevin the carrot toy ad causes chaos and queues

Kevin the carrot, along with his wife Katie and their three baby carrots, has sold out both online an instore. Last year, the toys were put on eBay with a price tag of £1,000.

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