Financial Tribune
EU and UK at Odds Over Divorce Bill
Financial Tribune
The UK and EU are still at odds over citizens' rights and the amount the UK will pay to divorce the bloc, at the end of the second week of Brexit talks. EU negotiator Michel Barnier said the UK had not been clear enough about where it stands on these ...en meer »
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EU and UK at Odds Over Divorce Bill - Financial Tribune
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Britons travelling to Europe offered just 88 euro cents for £1
On the UK’s big summer holiday getaway weekend, airports have offered very poor rates for sterling after difficult week on forex markets British holidaymakers heading to Europe for this weekend’s big getaway are being offered what may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for every pound they hand over. Continue reading... -
Britons travelling to Europe offered just €0.88 for £1
On the UK’s big summer holiday getaway weekend, airports have offered very poor rates for sterling after difficult week on forex markets British holidaymakers heading to Europe for this weekend’s big getaway are being offered what may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for every pound they hand over. Continue reading... -
Banks and companies plan expansion in Frankfurt after Brexit
US investment bank Morgan Stanley is latest to choose city as it vies to become EU’s principle financial centre and win back jobs lost in banking crisisSeveral hundred banks and companies have contacted German authorities about expanding in Frankfurt, as the city vies to become the EU’s principal financial centre after Brexit.Lucia Puttrich, Europe minister in the government of the state of Hesse, told the Guardian she had been in talks with several banks about expanding their presen -
Budget deficit leaps as Brexit-fuelled inflation troubles Hammond
Government borrowing rises by more than expected to £6.9bn in June – almost 50% higher than in the same month last yearThe government was forced to borrow more than expected in June after a jump in the UK’s budget deficit to £6.9bn – almost 50% higher than the same month last year.The sharp rise followed a spike in the cost of financing the UK’s debt, a drop in corporation tax receipts and a larger than forecast contribution to the EU in June. Continue reading -
The government has got it wrong on pensions | Letters
via theguardian.comReaders discuss Philip Hammond’s claim that public sector pensions are generous and the decision to bring forward the raising of the state pension ageThe chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). However, when it comes to overall pension payments (occupational plus state pensions) most se -
UK feared communal riots following Rajiv Gandhi assassination ... - Financial Express
Financial Express
UK feared communal riots following Rajiv Gandhi assassination ...
Financial Express
The UK government had feared communal violence in India in the wake of Rajiv Gandhi's assassination in May 1991 due to doubts about the group behind the ...en meer » -
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction
Palm oil plantations on illegally deforested land in Sumatra – home to elephants, orangutans and tigers – have allegedly been used to supply scores of household brands, says new reportPepsico, Unilever and Nestlé have been accused of complicity in the destruction of Sumatra’s last tract of rainforest shared by elephants, orangutans, rhinos, and tigers together in one ecosystem.Plantations built on deforested land have allegedly been used to supply palm oil to scores of h -
easyJet braced for more intense competition driving down fares amid low fuel costs
EASYJET hit turbulence yesterday as it braced itself for more intense competition driving down fares. -
British Gas: Energy supplier to pay customers £1.1m over missed appointments
FAILING to keep appointments with thousands of customers has cost British Gas £1.1 million in pay-outs. -
Bank of America to move some City of London roles to Dublin post-Brexit
Bank is latest high-profile financial firm to set out its post-Brexit plans amid calls for UK to seal transition deal with EUBank of America has become the latest high-profile City firm to reveal its post-Brexit EU hub, selecting Dublin as the location for some of its activities, amid fresh calls for the UK to clinch a transitional deal before it leaves the 28-nation bloc in 2019.The American bank, which employs 6,500 people in the UK, already has 700 staff in the Irish capital and now looks lik -
Let’s move to Canvey Island, Essex: ‘Britain’s Mississippi delta’
via theguardian.comA weird, intoxicating jumble of creeks, oil jetties, bungalows and blues musicWhat’s going for it? Islands are magical. Step over the water and something weird happens, as if normal rules have been suspended. What else could explain Canvey Island? On paper, it shouldn’t work. What, sunbathing next to petrochemical plants? Why ever not? What, a mudflat metres below water, mostly covered in detached houses, bungalows and mobile homes, with a dash of 18th-century Dutch, a soupcon o -
Savers warned as pension SUPER tax stings 80% more people
SAVERS have been warned as the number of people caught out by a pension 'super tax' almost doubled last year. -
Fund managers meet UK chancellor to talk Brexit - Financial News (subscription)
Financial News (subscription)
Fund managers meet UK chancellor to talk Brexit
Financial News (subscription)
A handful of senior fund management executives have met with UK chancellor Philip Hammond to discuss their Brexit concerns and identify ways to tackle the country's retirement and savings crisis. Representatives from UK fund trade body the Investment ...en meer » -
Fund managers meet UK chancellor to talk Brexit - Financial News - Financial News (subscription)
Financial News (subscription)
Fund managers meet UK chancellor to talk Brexit - Financial News
Financial News (subscription)
A handful of senior fund management executives have met with UK chancellor Philip Hammond to discuss their Brexit concerns and identify ways to tackle the ...en meer » -
2 top income stocks to help you to financial independence - AOL.co.uk - AOL UK
AOL UK
2 top income stocks to help you to financial independence - AOL.co.uk
AOL UK
With inflation edging towards 3%, and possibly set to rise even higher as the Brexit-driven fall in the pound continues to bite, seeking better-than-average ...en meer » -
2 top income stocks to help you to financial independence - AOL UK
AOL UK
2 top income stocks to help you to financial independence
AOL UK
With inflation edging towards 3%, and possibly set to rise even higher as the Brexit-driven fall in the pound continues to bite, seeking better-than-average dividends and ones with strong progressive futures is an increasingly attractive strategy for ...en meer » -
UK girl left in tears after she's fined for selling lemonade - Financial Post
UK girl left in tears after she's fined for selling lemonade
Financial Post
LONDON — A British man and his young daughter have gained international attention after being fined for selling lemonade outside. Andre Spicer said his 5-year-old daughter was left in tears after local council officers fined her 150 pounds ($195) for ...en meer » -
Labour blasts 'failing' government after UK deficit jumps in June – as it happened
All the day’s economic and financial news, including coverage of the latest UK public financesLatest: Labour blame Tory cuts for economic weaknessTreasury: National debt is too highBREAKING: UK borrowed £6.9bn in June, £2bn more than year earlierTreasury: National debt is too highBritain has borrowed £1.8bn more since AprilHigher inflation and EU contributions pushed borrowing upFull story: Budget deficit leaps as Brexit-fuelled inflation gives Hammond a headache 3.27pm B -
Moving abroad: Five tips for feeling at home overseas
THE need to feel comfortable, content and safe in your surroundings is something that affects people no matter where they live. -
Private equity houses offer £3bn for payments processor Paysafe
via theguardian.comBlackstone and CVC hope to gain access to fast-growing sector with bid for FTSE 250 company based on Isle of ManThe scramble to capitalise on the growing trend to shop online is continuing after the payments processor Paysafe received a near-£3bn bid from a private equity consortium eager to gain access to the fast-growing sector.Shares in Paysafe shot to record highs after the announcement of the 590p-a-share offer from the private equity houses Blackstone and CVC, a consortium that has m -
Sports Direct boss Mike Ashley announces shares 10-month high
SPORTS Direct’s shares hit a 10-month high yesterday as the sportswear retailer said its big investment in new flagship stores would help it score higher profits. -
Fit for an oligarch: school for the super-rich opens in London's Mayfair
Eaton Square upper school offers neoclassical classrooms in a Grade 1-listed building, and fees to suit London’s bankers and aristocratsSchool assemblies will be held in a state-room hung with original 1761 green silk wallpaper. History will be taught in neoclassical rooms designed by Robert Adam, and chemistry experiments will be carried out in basement laboratories being converted from what are amusingly described as “Mrs Patmore’s kitchens”.This is Eaton Square upper s -
Britain's payment to Brussels DOUBLES after EU chiefs claim UK has UNDERPAID
BRITAIN was forced to hand over hundreds of millions of pounds extra to Brussels in June, after the European Commission claimed the UK has underpaid the bloc in previous years. -
Prepare for the wurst! Deutsche Bank Brexit doom-mongers in bid to trigger Brexit paranoia
DEUTSCHE Bank has warned its London-based staff that bosses are preparing for the worst outcome from Brexit and moving jobs to Frankfurt. -
Artists from UK-India collaborate in Silk River project - The Financial ... - Financial Express
Financial Express
Artists from UK-India collaborate in Silk River project - The Financial ...
Financial Express
Silk River project involves organisations in UK and West Bengal who deal in heritage, culture, craft, tourism and education.en meer » -
Artists from UK-India collaborate in Silk River project - Financial Express
Financial Express
Artists from UK-India collaborate in Silk River project
Financial Express
As part of the UK-India Year of Culture, artists from the two countries have been working together to produce 10 large silk flags, during a residential workshop in Murshidabad. This was part of the 'Silk River' project, which celebrates the unique ...en meer » -
Diversity is not important to the white men in power
The BBC pay gap and comments by the frontrunner to head the CBI suggest male leaders are out to protect their interestsThe realist in me says that diversity is not important to the men at the top of the food chain. It is ingrained in them to maintain their position and protect their interests.Sure, you hear the odd few say “but I want my daughter to have opportunities” and “it’s important to represent our customers” but these are merely pleasantries. As a species, t -
UK stocks edge up, on track for third consecutive weekly gain - Financial News (subscription)
UK stocks edge up, on track for third consecutive weekly gain
Financial News (subscription)
UK stocks notched small gains on Friday, putting Britain's blue-chip benchmark on track for its best week in more than two months, even as stock markets across Europe broadly fell, MarketWatch reports. Vodafone was a standout as shares of the mobile ...en meer » -
Unaccompanied child taken off overbooked easyJet flight at Gatwick
via theguardian.comAirline begins investigation after 15-year-old was removed from plane to Toulouse and left alone at departure gateEasyJet has opened an investigation after an unaccompanied child was removed from an overbooked flight from London Gatwick.The 15-year-old was taken from his seat on flight EZY8333 to Toulouse on Thursday morning, and left alone at the departure gate.Continue reading... -
Is this the Brexit banking exodus Theresa May told us couldn’t happen? | Nesrine Malik
With Morgan Stanley quitting the City, the question is no longer if Brexit will damage the UK financial services industry – but how bad the damage will be• Nesrine Malik is a freelance journalist and former private equity investorThe latest financial institution making plans to relocate jobs away from the UK is Morgan Stanley, which has announced that Frankfurt will become its post-Brexit EU hub, a move that could shift an initial 200 jobs to Germany. Related: Morgan Stanley picks Fra -
POUND LIVE: Pound plunges to 8-month low against euro after ECB update
THE pound has plunged to its lowest level since last October against the euro, after the latest update from the European Central Bank and fraught Brexit talks. -
Lloyds compensates only five victims of HBOS fraud scandal
Some of 67 business owners left penniless by Reading scam threaten legal action as bank fails to meet deadline for offersLloyds Banking Group has paid compensation to only five of the 67 victims of the HBOS Reading fraud scandal almost a month after its own deadline for making redress offers for the “utterly corrupt scheme” that left small business owners “cheated, defeated and penniless”.The bank, which was until recently part-owned by the government, said on Friday that -
Big-budget films receive increase in tax relief to almost £600m
Treasury also paid £150m to TV shows that pass ‘cultural test’ to qualify as British in scheme to encourage creative enterprises The government paid out almost £600m in tax relief last year to the makers of blockbusters including Baby Driver, Star Wars and T2: Trainspotting, as well as big-budget TV dramas including The Crown.The payouts were part of £751m that the Treasury awarded in tax relief to films, high-end dramas, video games, animations, children’s TV -
Quiz float makes fashion firm's founding family some of Scotland's richest
Ramzans aim to stay ‘grounded and focused’ after selling £92m stake in firm that investors hope will become the new BoohooThe Glaswegian family behind the fast-growing fashion chain Quiz are now among Scotland’s richest after selling a £92m stake in a business investors hope will be the next Boohoo.The high street fashion chain is set to be valued at £200m when it floats on Aim, the junior London stock market, later in July. The retailer was founded by entrepr -
The electric trams shuttling car parts and groceries around European cities
French and German cities using trams to move products show how to cut congestion while making a profit from the networkHaving achieved ubiquity in almost every urban centre in Britain by the end of Victorian age, the electric tram was killed off by the rise of the automobile in the middle decades of the 20th century.Over the past 25 years, however, the tram has undergone a stuttering, half-hearted revival. Since the launch of the Manchester Metrolink in 1992, a handful of British cities have opt -
The real cost of regeneration
When private developers move in, the first eviction is accountability – then tenants’ complaints procedures and safety. Zoe Williams reveals the truth about for-profit council estatesBy 2004, Myatts Field North in Lambeth, south London, was a byword for what goes wrong on a housing estate. It had been poorly maintained; the interiors were shabby. Garages had become hazardous and were out of bounds; shared spaces were desolate and only teenagers and children used them, “engaged -
Pound v US dollar: GBP could surge against USD on Fed rate decision
THE pound was struggling at the tail end of the week, with the result that the GBP/USD exchange rate remained below the key support level of $1.300. -
Pound V euro: GBP holds against EUR as UK government borrows more than expected
A WORSE-than-expected UK government borrowing deficit has failed to undermine tentative gains for the pound against the euro.
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