- These properties, from Cumbria to Essex, are ideal for catching some rays all year roundContinue reading...
- ROYAL Bank of Scotland has warned of more job cuts and branch closures after plunging £7billion into the red last year.
- ONE call at the right time to an insurer might have made all the difference to the success of a pensioner’s travel claim.
- Flawed takeover bids, bad lending, and a tower of legal bills have left the Royal Bank of Scotland deep in the redSir Howard Davies, chairman of Royal Bank of Scotland, described the £7bn loss the bank rang up last year as “stark”. But it is just a fraction of the bank’s towering total losses of £58bn over the 9 years since it was bailed out by the taxpayer. And the bank will rack up even more losses this year.Related: RBS braced for multi-billion-pound settlement f
- Finance director Philip Bowcock breaks ranks with rest of betting industry to express sympathy with limiting adsThe man tipped to lead the UK’s second-biggest bookmaker has broken ranks with the industry by offering support for a curb on TV gambling adverts.Betting companies have largely rejected suggestions that their ads are seen by too many vulnerable people and children, but William Hill’s finance director said he understood people’s concerns. Continue reading...
- Czech, German and Italian politicians support European commission line that Britain must agree to pay up before talksEU member states are backing a European commission demand that trade talks can only start once Britain has agreed to pay a hefty Brexit bill, despite fears of a backlash from Theresa May. The Czech Republic has joined Germany, Italy and France in insisting the UK must come to an arrangement on the divorce settlement, expected to come to about €60bn (£50bn), before any s
- 2014 film brought only a slight boost to the bear’s favourite spread, which is now mainly the preserve of older peopleEven Paddington Bear, it seems, is having a hard time saving his beloved marmalade from an inexorable decline. As the spread’s greatest international ambassador, Paddington has long been an important part of marmalade’s branding process. But a survey has revealed that the once popular spread is now mainly the preserve of older generations, with about 60% of sale
- Ex-Jam frontman bids to drum up £400,000 in pretty green to expand his Real Stars Are Rare label kitting out old mods and new facesThis is the modern world. It’s 40 years since Paul Weller spat out the chorus of the Jam’s third single, helping spark the first revival of the 60s youth cult.Yet here we are in 2017 and everything’s coming up mod again. Weller, the movement’s perennial high priest, is launching a £400,000 crowdfunded share offer on Friday to expan
- These rolling hills, thatched pubs and gay towns are a long way from the nearest turmeric latteWhat’s going for it? We’re not in Kansas any more, Toto. This is north Devon, deeeeeep Devon. Far, far, far from the nearest motorway. Far, far, far from the nearest turmeric latte. You need resilience out here. Survival skills. Your role model? Tarka the Otter. His creator, author Henry Williamson, moved here from London to track the tough lives of local otters. Poor old Tarka suffers endl
- Alexis Tsipras tells the Greek parliament the latest deal with the country’s European creditors was an an ‘honourable compromise’China hits back at Trump over currency jibeUK mortgage approvals hit 12-month highRBS shares fall after bank posts £7bn lossPeugeot: we’re not here to close Vauxhall’s UK plantsFrench consumers shrug off political uncertainty 3.14pm GMTNew US home sales rose less than expected, up 3.7% to a seasonally adjusted 555,000 units.Economist
- CHINA for the first time became Germany's most important trading partner in 2016, overtaking the US and France.
- Foreign sales of spirit outperform those of British beef, with the US the biggest overseas marketExports of British gin surged to record levels last year, reaching nearly £500m.Figures from HMRC show exports of the juniper-based spirit rose by 12% to £474m, outperforming exports of British beef and soft drinks. Continue reading...
- We must restore the principle of parliamentary sovereignty – Theresa May does not have an open-ended mandateFormer UK prime minister Tony Blair’s recent call for voters to think again about leaving the EU, echoed in parliamentary debates ahead of the government’s official launch of the process in March, is an emperor’s new clothes moment. Although Blair is now an unpopular figure, his voice, like that of the child in Hans Christian Andersen’s story, is loud enough t
- THE Governor of the Bank of England Mark Carney is being asked to immediately step in to stop the takeover of the London Stock Exchange to "protect the national interests".
- Unite leader says boss of Peugeot and Citroën owner told him he was ‘not here to shut plants’The boss of PSA Group, which is in talks to buy General Motors’ loss-making Opel business in Europe, including Vauxhall, has given assurances to the UK government and Britain’s biggest union that production will be guaranteed until at least 2021.Carlos Tavares has been on a charm offensive with politicians and unions in the UK and Germany, trying to soothe fears over factory
- In our second Confessions of a Small Business podcast, John Stapleton, founder of New Covent Garden Soup and Little Dish, talks about going out on a limb, coping with a fire that gutted his factory, and failing to crack the USSubscribe and review on iTunes, Soundcloud & Mixcloud and join the discussion on Facebook and Twitter. John Stapleton, founder of New Covent Garden Soup Co, Little Dish and Glencoe Foods, was the keynote speaker at the Guardian Small Business Network’s Confessions
- A review of World Health Organisation classifications is a chance to put an end to trans people being pathologisedIt was in November 28 years ago when I saw a psychiatrist for the first time. I was 17. The school year was just finishing and I lived in Córdoba, Argentina, with my father and siblings. I had the same friends from kindergarten to high school. I knew their families, they knew mine; all of them had come to visit when my mother died, all of them were there when I held a party an
- Committee urges new energy commission that would prioritise low energy bills and security rather than low carbon emissionsMinisters should establish a new energy commission to spur on construction of power stations because successive governments have failed to encourage enough fresh power capacity in the UK, according to a House of Lords report.Subsidy-backed growth in renewable energy projects, such as windfarms, has deterred the construction of new conventional power plants, the economic affai
- Trade bodies including CBI say tax is unfair, with some claiming it is bigger deterrent to international retailers than Brexit voteThe government is under growing pressure to overhaul the business rates system rather than just offer help for small firms affected by the revaluation of properties.Theresa May, the prime minister, and Sajid Javid, the communities secretary, told parliament on Wednesday that small businesses facing a sharp increase in their business rates bill from April could receiv
- UK home furnishing and fashion giant Laura Ashley is set to expand the company by branching out in India following a licensing deal with Future Retail.
- National Employment Savings Trust to move investments into new climate change fund and scale back shares in firms such as Shell and ExxonMobil
A giant pension scheme with more than 4 million members is shifting almost 10% of its investments into a new climate change fund designed to move people’s money out of fossil fuels and into renewable energy.
Nest (National Employment Savings Trust), a publicly owned scheme set up by the government, said it was moving £130m into the fund becaus
- Urbanisation is linked to a range of health issues; improving the health of people in cities is a central concern of government and international institutionsThe relentless growth of urban populations is driving city and national governments to increase access to healthcare while tackling the root causes of poor health.According to Oxford Economics [pdf], the world’s largest 750 cities will be home to 2.8 billion people by 2030 – more than a third of the global population. They will
- Pre-tax losses soar to £2.6bn as group – planning to sell its Penguin Random House stake – is hit by slump in US textbook salesPearson has reported a pre-tax loss of £2.6bn for 2016, the biggest in its history, after a slump at its US education operation.The world’s largest education publisher, which in January saw almost £2bn wiped from its stock market value after issuing its fifth profit warning in two years, reported the record loss after taking a £2
- Taxpayer-owned bank has now suffered nine consecutive years in the redRoyal Bank of Scotland has reported losses of £7bn for 2016, taking its losses since its 2008 government bailout to more than £58bn.The taxpayer-backed bank has also admitted it will not return to profit until 2018, indicating that it will report 10 years of losses before it returns to the black.Continue reading...
- Launched in the 1970s, the travel empire preempted the gap year trend. Today Tony Wheeler is working on five books and is still an avid travellerTony and Maureen Wheeler co-founded Lonely Planet in 1973 after the couple travelled overland from London to Australia. The travel publisher, which has since printed more than 120 million books in 11 languages, sold a 75% stake in the business to BBC Worldwide in 2007. The Wheelers sold their remaining 25% stake in the company four years later. Continue
- The note of triumphalism that accompanied the bank’s results jarred – it still faces issues in the US and elsewhereBarclays has cut its dividend in half. Bonuses are running at three times the level of distributions to shareholders. And the investment bank, even after a round of pruning, still isn’t earning returns greater than its cost of capital. A couple of years ago, under hapless former chief executive Antony Jenkins, Barclays would have been hammered for turning in such s
- Lambeth council pursued us for a parking fine even though we have never driven our car in LondonWe have had to pay a bailiffs’ fee of nearly £300 because Lambeth council has pursued us for a parking fine, even though we have never driven our car in London. We thought the penalty notice and ensuing letters were a scam, so we ignored them. Then a bailiffs’ letter set alarm bells ringing. The bailiffs said the car in question was a Vauxhall. We own a Nissan Nivara.Continue reading
- Railway buffs can hop on board at Bognor Regis to find a berth in a unique bungalow with sea viewsContinue reading...
- ONLINE gaming group 32Red will be taken over by the company behind Unibet and Stan James in a £175.6million deal.
- BARCLAYS boss Jes Staley is “more optimistic than ever for our prospects in 2017, and beyond” as the bank nearly tripled annual profit to £3.2billion and accelerated its disposal of unwanted assets.
- ROYAL Bank of Scotland has reported a £7 billion annual loss, its ninth consecutive year in the red.
- Your article (Pension changes could cost 11m Britons thousands of pounds, 21 February) says 75% of pension schemes use the retail price index (RPI). But all the public-sector schemes, which must be more than 25%, as well as many in the private sector – eg BT, BA – have used the consumer price index (CPI) for years. The article says RPI is usually greater than CPI; in fact it is virtually always greater because of the different way they are calculated – it’s called the for
- Biggest ever round of redundancies to fall on curtain and carpet estimating and fitting, and restaurant chefs John Lewis is to axe nearly 800 jobs in its customer restaurants and store administration in its biggest ever round of redundancies.The department store chain said it was consulting 773 people about redundancy as it attempts to cut costs and become more efficient. The cuts are the first sign of change since the department store’s managing director, Paula Nickolds, took the helm in
- The latest Valuation Office Agency statistics come before changes to the appeal system are implemented
The percentage of successful appeals made by businesses in England and Wales contesting the rateable values of their premises to the Valuation Office Agency (VOA) has fallen, show figures just released [pdf]. Almost 2 million appeals were made to the Valuation Office Agency (VOA) against the 2005 and 2010 valuations up to 31 December 2016. More than a third (37%) of appeals against 2005 valuati
- Trade bodies such as CBI tell MPs tax is outdated and unfair with some brandign it a bigger deterrent to international retailers than the Brexit voteThe government is under growing pressure to overhaul the business rates system rather than just offer help for small firms affected by the revaluation of properties.Theresa May, the prime minister, and Sajid Javid, the communities secretary, told parliament on Wednesday that small businesses facing a sharp increase in their business rates bill from
- All the day’s economic and financial news, including new data showing how Germany’s economy is performingUS jobless claims edge higherUS Treasury Secretary: Tax reform by AugustUK retailers worried about the future German GDP rises by 1.9%, overtaking UK
The agenda: UK retail sales, Barclays, French jitters5.35pm GMTDespite the positive German GDP data and a slight easing of concerns about the French presidential election, investors were in a more cautious mood all round. So most Eur
- BRITISH exporters are confident of the outlook for their business and expect to see a surge in sales as the country gears up for Brexit, a survey has showed.
- STOCK markets could be in for a shock amid heightened expectations over Donald Trump's tax and economic policies, the US Federal Reserve has warned.
- Rodrigo Rato found guilty of misuse of corporate credit cards issued by banks whose near collapse sparked EU bailoutThe former International Monetary Fund chief Rodrigo Rato has been sentenced to four-and-a-half years in prison for misusing corporate credit cards while in charge of two leading Spanish banks at the height of the country’s financial crisis.Rato, also a former a Spanish economy minister and deputy prime minister, was found guilty on Thursday of embezzlement, at the end of a f
- The dream of a property-owning democracy is ridden with cracks and leaks: ministers say build, build, build – but then fail to ensure proper regulationThey might be the most ubiquitous feature of the modern English landscape, and yet they barely attract any comment: those sprawling newbuild housing developments that seem to surround almost every town and city, offering a promise of comfort and security and a vital foot on the property ladder.More often than not, their avenues and culs-de-s
- Just hours after talking with Theresa May the PSA chief says adding GM’s Opel and Vauxhall brands would create cost savingsThe boss of PSA Group said the French carmaker’s proposed purchase of General Motors’ lossmaking European business could bring “speedy” savings, prompting fresh fears over job cuts at Vauxhall in the UK – just hours after speaking to Theresa May.Carlos Tavares, the chief executive of PSA, which owns Peugeot, Citroën and DS, said on Th
- Britain loses top spot as ONS revises down annual growth to 1.8%, from an initial estimate of 2%Germany overtook the UK as the fastest growing among the G7 states during 2016. Europe’s largest economy expanded at the fastest rate in five years, showing growth of 1.9% last year.The expansion pushed Britain into second place among the G7 industrialised nations, after the Office for National Statistics revised down annual UK growth to 1.8%, from an initial estimate of 2%. Continue reading...
- Also, the pension changes that could cost Britons thousands and Whirlpool finally tells customers to unplug dangerous tumble dryers
Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
UK watchdog fines three former RSA officials for financial misconduct in Ireland - Insurance Business ReviewInsurance Business Review
UK watchdog fines three former RSA officials for financial misconduct in Ireland
Insurance Business Review
The UK Financial Reporting Council (FRC) has imposed fines totaling £182,000 on three ex-RSA Insurance Ireland (RSAII) employees in connection with an accounting scandal in 2012. Along with the fines, the UK accounting watchdog has also put other ...en meer »
- Economists get it wrong because they don’t understand our reactions to uncertain situations such as our exit from the EUEarly last month, Andy Haldane, chief economist at the Bank of England, blamed“irrational behaviour” for the failure of the BoE’s recent forecasting models. The failure to spot this irrationality had led policymakers to forecast that the British economy would slow after last June’s Brexit referendum. Instead, British consumers have been on a heedle
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UK's Financial Conduct Authority Publishes New Data On Trends In The ...
Exchange News Direct
The Financial Conduct Authority (FCA) have today published their eighth data bulletin. This edition focuses on insights from the Consumer Contact Centre, as well as the latest trends in the retirement income market. The Consumer Contact Centre is the ...
Ontario Securities Commission & UK Financial Conduct Authority ...Crowdfund Insideralle 27 nieuwsartikelen »
- Every new mother has to make their work and family lives fit together. Lindsey Fish and Lucy Chaplin host events that help other mums rethink their careersReturning to full-time work after maternity leave is a daunting prospect for any new mum, but starting a new career that fits in with family life can be an even bigger challenge.Two-thirds of women returning to work after a career break, such as taking time out to look after children, go back into lower-skilled or lower-paid roles, according t
- Vodafone and Ofcom confirm it is a case of ‘use it or lose it’I was interested to read your article about Vodafone’s refusal to repay £420 of unused credit when a customer cancelled their pay-as-you-go account. My mother-in-law has a similar issue. Before switching to another provider she asked Vodafone for a refund of the £51.89 credit on her account. She was told this could not be issued and it was instead suggested she make use of the money by ordering games on G
- My husband and I want to finance a new kitchen and don’t want a loan refusal to tarnish our future ability to borrow Q In 2013 we bought our house on a Scottish island for £229,500 on a 16-year mortgage. I am 51, my husband 56, so we now have a mortgage for the next 12 years. The house is big but the kitchen is tiny, and we have a large family. We are thinking about having a new kitchen built and there seem to be two options. We can either build one in our dining room for about &poun
- New 10-year deal with site owner AEG will extend mobile operator’s sponsorship of south-east London entertainment venueThe mobile operator O2 has struck a deal thought to be worth about £125m to keep the naming rights to the London venue the O2 until at least 2027.The 10-year deal, announced the day after the venue played host to the 2017 Brit awards, means the Telefonica-owned mobile operator’s relationship with what was once the ill-fated Millennium Dome will stretch to at le
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