Financial news

• UK sees fastest growth in consumer lending since 2007

  24-12-2015 18:49
  
  LONDON (Reuters) - Lending by British banks to consumers grew last month at its fastest rate in more than eight years, the British Bankers' Association said on Thursday, figures which are likely to catch the attention of the Bank of England.
  
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• Switzerland to vote on banning banks from creating money

  24-12-2015 18:00 via telegraph.feedsportal.com
  
  Referendum on radical proposal to give central banks sole money creation power will be held after petition gains 110,000 signatures
  
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• Northern Frontier Corp. Announces Waiver of Financial Covenants - Yahoo Finance UK

  24-12-2015 15:22
  Northern Frontier Corp. Announces Waiver of Financial Covenants
  Yahoo Finance UK
  CALGARY, ALBERTA--(Marketwired - Dec 24, 2015) - Northern Frontier Corp. (TSX VENTURE:FFF) ("Northern Frontier" or the "Corporation") announces that is has received a temporary waiver (the "Waiver") from its senior lending syndicate (the "Lenders") of ...en meer »
  

• The cheapest flat in London? Clapton 'studio' on sale for £75k

  24-12-2015 15:20
  
  This 75 sq ft flat in east London has a guide price that puts it in the same bracket as a parking space in some parts of the cityIt’s in a popular part of London, it has a long lease, it’s handy for the station – and it’s on the market at a guide price of just £75,000. A Christmas miracle? Not quite. The property, being marketed as “the least expensive flat in London”, does come with a catch: its compact size means you will need to pay in cash to secure
  
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• Woman dies as car ploughs into coffee shop in Kent

  24-12-2015 14:37
  
  LONDON (Reuters) - A woman died and five people were injured when a car left the road and ploughed into a coffee shop in Kent, southeast of London, on Thursday morning, rescue services said.
  
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• Santa Rally drives London stock market to three-week high - as it happened

  24-12-2015 14:07
  
  Rolling coverage of the latest economic and financial news, as the London stock market closes for Christmas 1.07pm GMTRoll out the brandy butter and put on the party hats.The London stock market has closed, and won’t reopen until Tuesday 28th.Volumes are thin across Europe today, with some markets already shut for the holidays. However, in London the session has seen the FTSE 100 add some small gains to its tally for the week, having seen a decent bounce over the last two days. Even now, m
  
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• Former RBS executive to run Santander's small business unit

  24-12-2015 13:36
  
  Chris Sullivan worked for Royal Bank of Scotland when it was accused of forcing viable small businesses to the brinkA former deputy boss of RBS criticised by MPs following an investigation into the mistreatment of small business customers has resurfaced at Santander – to run its small business and corporate unit. Chris Sullivan was deputy chief executive of RBS but left at the end of 2014. He was one of two RBS executives accused of being “wilfully obtuse” when giving evidence
  
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• Online retailers launch end-of-year sales ahead of Christmas

  24-12-2015 13:23
  
  Currys PC World, Amazon and John Lewis give internet shoppers a head-start as they try to lure customers with early discountsThe presents may still be under the tree, but retailers are already launching their end-of-year sales..Currys PC World started its sale online at noon on Christmas Eve, and will be followed by Amazon at 4pm, then John Lewis at 5pm, giving internet shoppers a head-start before the department store opens its doors to bargain-hunters on 27 December. Continue reading...
  
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• UK unsecured borrowing rising at fastest since 2007

  24-12-2015 13:07
  
  Growth in new consumer credit has been driven by a rise in credit card spending and in borrowing through personal loans and overdraftsUnsecured borrowing through loans and credit cards from Britain’s banks is rising at its fastest rate since before the financial crisis, according to research.
  The British Bankers’ Association (BBA) said the value of new consumer credit taken on in November was 5.7% higher than a year previously, the highest since March 2007.Continue reading...
  
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• Still shopping for last-minute holiday presents? You are not the only one

  24-12-2015 13:00
  
  The National Retail Federation reports that 90% of American shoppers still have to buy gifts as the ‘busiest shopping days of the year are still to come’Shopping for the last-minute gifts? You may not be the only one. About 40% of the season’s sales take place in the 10 days leading up to Christmas Day, according to National Retail Federation (NRF). The federation also found that 90% of holiday shoppers still had some last-minute shopping to do. Just 10% of Americans were done
  
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• Guns top Christmas wish lists and the industry seems to be booming

  24-12-2015 13:00
  
  Shop owners across the US have reported a marked increase in interest over the holiday season, and gun background checks hit a new record on Black FridayThis year, among the socks and sweaters, bottles of wine, a large number of Americans will find another present: guns. Gun shop owners across the US have reported a marked increase in interest in their products over the holidays. In November, the FBI ran more than 2.2m gun background checks, a 24% increase from last year. Gun background checks h
  
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• Anglo American begins latest round of disposals with sale of Australian coal mine

  24-12-2015 12:52 via telegraph.feedsportal.com
  
  Miner is looking to raise $4bn to strengthen its balance sheet by selling off mines and processing plants
  
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• Debt splurge: UK households, shoppers and big firms are borrowing more

  24-12-2015 12:44 via telegraph.feedsportal.com
  
  Credit card lending surges as Britain's consumer-led recovery gathers steam
  
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• Myanmar men sentenced to death for murder of British tourists in Thailand

  24-12-2015 12:32
  
  KOH SAMUI, Thailand (Reuters) - - A Thai court sentenced two Myanmar migrant workers to death on Thursday after convicting them of the 2014 murders of two young British tourists on a holiday island in a case mired in controversy and a dispute over DNA testing.
  
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• Stories of 2015: Yanis Varoufakis, Syriza's anti-austerity motorbiker

  24-12-2015 12:29
  
  When Syriza won nearly half the seats in Greece’s January elections, the academic economist won a rockstar following, preaching an alternative to austerity The year 2015 did not begin – or end – as Yanis Varoufakis might have predicted. This time last year, having finished a busy academic term at the University of Texas in Austin where he was a visiting professor in economics, he had flown to Australia for a holiday. Varoufakis has a teenage daughter with his first wife –
  
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• The most extravagant children's Christmas gifts

  24-12-2015 11:34 via telegraph.feedsportal.com
  
  Money no object? We've found a whole load of extravagant gifts starting from £2,900 to treat your offspring and grandchildren this Christmas.
  
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• The high price of cheap living: how the property guardianship dream soured

  24-12-2015 11:00
  
  Property guardianship was once a win-win situation: empty buildings secured and bargain rents offered. For many the reality today is different: an underclass of renters with limited rights in grim conditions – and landowners milking the system to pay less tax. So has this small housing revolution died?In disbelief, Charlie Hope reread the email. “It said I had 24 hours to pack my stuff and get out,” he says. He felt confident that evicting anyone at such short notice must be il
  
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• Equitable Life compensation deadline imminent

  24-12-2015 10:47 via telegraph.feedsportal.com
  
  The Equitable Life Payment Scheme is due to close at the end of this year, and one in 10 are still yet to make a claim
  
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• David Brent office estate in Slough sells for £325m

  24-12-2015 10:42 via telegraph.feedsportal.com
  
  Segro has sold a portion of its property portfolio in Slough, including the one-time site of the fictional Wernham-Hogg
  
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• The political effects of financial crises

  24-12-2015 10:31
  
  During the global recession, voters’ verdict on their governments was more or less identical: things went wrong on your watch, so out you go.I may not be the only finance professor who, when setting essay topics for his or her students, has resorted to a question along the following lines: “In your view, was the global financial crisis caused primarily by too much government intervention in financial markets, or by too little?” When confronted with this either/or question, my m
  
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• Will you be making a bizarre insurance claim this Christmas?

  24-12-2015 10:30 via telegraph.feedsportal.com
  
  A home insurer reveals some of its favourite festive claims from the past few years
  
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• Chinese sign up for 500,000 tonnes of fertiliser from North Yorks potash mine

  24-12-2015 09:19 via telegraph.feedsportal.com
  
  Sirius Minerals is signing customers for what it hopes will be one of the largest potash mines in the world
  
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• How to make your charity donations count this Christmas

  24-12-2015 09:00 via telegraph.feedsportal.com
  
  Christmas is the giving season, but with so many options out there it can be easier said than done
  
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• Business Quiz of 2015

  24-12-2015 09:00 via telegraph.feedsportal.com
  
  The hardest business quiz you'll do this year - as long as you only do one
  
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• One of Britain's best income stockpickers offers his 2016 share tips

  24-12-2015 08:23 via telegraph.feedsportal.com
  
  Gervais Williams has produced stellar growth and secure income for investors in 2015. Here are his picks for 2016
  
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• Work-life balance: how to organise a flexible team

  24-12-2015 08:15
  
  There are many advantages that an adaptable workforce and a flexible working structure can bring to your small businessEffectively managing a flexible workforce in a small business can be key to its growth and success. For some the best way is through hiring part-time staff, others benefit from introducing homeworking, or perhaps it’s just changing an employee’s status from full-time to something a bit more ... well, flexible.What you need to know about employing flexible workers Con
  
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• UK financial services giant Legal & General to be anchor investor in €250m NTR ... - Irish Independent

  24-12-2015 07:02
  Irish Independent
  UK financial services giant Legal & General to be anchor investor in €250m NTR ...
  Irish Independent
  The investment arm of UK financial services giant Legal & General has committed to funding up to 47.5pc of a wind investment fund targeting €250m of equity launched by Irish renewable energy group NTR. Share. Facebook · Twitter · Google · Email. Go To.en meer »
  

• How Santa makes money (but still ends the year in the red)

  24-12-2015 06:00 via telegraph.feedsportal.com
  
  Despite Santa's best efforts at using Airbnb and selling leftover cookies, Claus Inc makes an annual loss of £8,421,792,249. Where could Father Christmas cut costs?
  
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• Challenge to plans to redevelop Arthur Conan Doyle house fails

  24-12-2015 00:52
  
  Grade II-listed Victorian house where Scot wrote The Hound of the Baskervilles is to be redeveloped for use as a schoolA high court challenge against a plan to redevelop the Victorian house where Sir Arthur Conan Doyle wrote The Hound of the Baskervilles has failed.Author John Gibson, founder of the Undershaw Preservation Trust, attacked a decision made by the local planning authority to give the go-ahead for the Grade II-listed building in Surrey to be redeveloped for use as a school. But his c
  
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