Financial news

• Making sure accountancy reforms add up

  03-01-2016 23:57 via telegraph.feedsportal.com
  
  Financial Reporting Council's chief executive on the tough job of keeping Britain's biggest accountants in check
  
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• Why we need to kill passwords

  03-01-2016 23:54 via telegraph.feedsportal.com
  
  Passwords are one of the weakest links in our cybersecurity defences. Better and simpler solutions are emerging
  
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• Getting the most out of London's most liquid asset: River Thames

  03-01-2016 23:53 via telegraph.feedsportal.com
  
  Port of London Authority aims to double passenger traffic on the River Thames and boost cargo through its terminals
  
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• What lies ahead for the global economy in 2016?

  03-01-2016 23:49 via telegraph.feedsportal.com
  
  There may be trouble ahead... but there are reasons to be optimistic about the coming year
  
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• Europe could produce a Facebook - and the Google of healthcare

  03-01-2016 23:32 via telegraph.feedsportal.com
  
  Investors are raising their stakes in European technology companies as the continent proves its worth on the start-up stage
  
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• Shire nears $32bn takeover of Baxalta as pharma deal frenzy tips into 2016

  03-01-2016 22:39 via telegraph.feedsportal.com
  
  Agreement could be signed within days after six-month pursuit of rare disease specialist
  
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• Odey flags up threat of UK house bubble in fears for global economy

  03-01-2016 22:31 via telegraph.feedsportal.com
  
  Crispin Odey said tougher conditions were likely to persist throughout the year
  
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• Nigel Wilson: UK plc needs constant, disruptive renewal

  03-01-2016 22:26 via telegraph.feedsportal.com
  
  We need to invest in assets for the long term, not shareholder gains, says the chief executive of Legal & General, the largest UK shareholder
  
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• No regrets for Biotiful after leaving Dragons' Den empty handed

  03-01-2016 22:00
  
  Natasha Bowes pitched her product Kefir to the dragons on the BBC Two programme“I got a call inviting me onto Dragons’ Den,” says business owner Natasha Bowes. “And my first reaction was to say no, which I did.”
  When asked why she didn’t want to appear on the show, Bowes explained that somebody might be able to steal her idea if she presented her business on national television.Continue reading...
  
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• Prepare for more bond tantrums in 2016, warns think-tank

  03-01-2016 21:08 via telegraph.feedsportal.com
  
  European Central Bank's self-imposed rules on bond buying could trigger more tantrums in the bond market in 2016, warns think-tank
  
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• Government accused of illegally moving goal posts for emergency services network

  03-01-2016 21:03 via telegraph.feedsportal.com
  
  Airwave challenges Home Office over "unfair" contract changes
  
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• Global stock markets are overvalued and unprepared for the return of risk as interest rates begin to rise

  03-01-2016 21:00 via telegraph.feedsportal.com
  
  Questor Editor John Ficenec looks ahead to the year in prospect, and doesn't like what he sees
  
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• End of China's commodity boom spells pain for producers with no end in sight

  03-01-2016 20:46
  
  Blue-chip companies such as BP, BHP and Rio Tinto have all suffered in 2015, but experts agree the outlook for prices could get worse before it gets better The rout in commodities prices that has wiped billions from the value of energy and mining companies across the world in the past 12 months will continue in 2016, according to economists, analysts and executives on the front line. Related: 2016 will be a year of living dangerously for the global economyContinue reading...
  
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• The Guardian view on UK stock markets: a long squeeze | Editorial

  03-01-2016 20:43
  
  The FTSE ended 2015 down, and remains lower than at the end of the 20th century. It may have been inevitable, but a long era of poor average returns will have effects that go well beyond the investing classesThe image of last year was of a three-year-old boy washed up on a Turkish beach. He was an emblem of the huddled masses fleeing trouble in the Middle East, the greatest crisis in world affairs in 2015. Back in the UK, the story of the year was the re-election of David Cameron, which was rapi
  
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• Shipbuilder Cammell Laird flags up engineering skills crisis

  03-01-2016 20:42 via telegraph.feedsportal.com
  
  Cammell Laird invests in apprenticeships as it reveals current staff are nearing retirement with lack of replacements available
  
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• Early Christmas payday causes problems for struggling Brits' finances

  03-01-2016 20:40 via telegraph.feedsportal.com
  
  January blues: More than half of the nation struggle to meet their new year bills after splashing out at Christmas
  
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• Thai chain Busaba Eathai enjoys rising sales as expansion accelerates

  03-01-2016 20:36 via telegraph.feedsportal.com
  
  The private equity controlled business enjoyed a 5pc rise in sales as it opened more restaurants
  
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• YouTube rival Vimeo in talks to join Sky Q

  03-01-2016 20:32 via telegraph.feedsportal.com
  
  'Cut above' online video provider seeks pay-TV distribution
  
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• HBOS report to be hauled into Lloyds lawsuit

  03-01-2016 20:30 via telegraph.feedsportal.com
  
  Shareholders suing Lloyds over the HBOS buyout hope the report on the failed bank will give them crucial information to bolster their lawsuit
  
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• John Timpson: It takes two to tango, but more to single out a new recruit

  03-01-2016 20:23 via telegraph.feedsportal.com
  
  Straight-talking, common sense from the front line of management
  
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• John Timpson: It takes two to tango, but more are needed to single out a new recruit

  03-01-2016 20:23 via telegraph.feedsportal.com
  
  Straight-talking, common sense from the front line of management
  
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• High street retailers feel the pinch as shoppers stay at home

  03-01-2016 19:32
  
  Early sales and online offers result in lower consumer footfall, with major stores expected to report disappointing resultsRecord-breaking discounts on offer in the post-Christmas sales have so far failed to attract a rush of bargain hunters to the high street, raising fears that Marks and Spencer, John Lewis and Next will be forced to report disappointing trading figures for the festive period.The number of high street shoppers from Monday 28 December to Friday 1 January was down 3% compared wi
  
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• Price of diesel to drop below £1 at all Big Four supermarkets

  03-01-2016 19:05 via telegraph.feedsportal.com
  
  Morrisons, Tesco, Asda and Sainsbury's are knocking the price of diesel below £1 for the first time since 2009
  
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• Diesel drops below £1 per litre in the UK for the first time since May 2009

  03-01-2016 19:05
  
  Savings from falling oil prices are finally being passed on to Britain’s 11 million diesel drivers while business will also benefit from price dropThe price of diesel on British fuel station forecourts has dipped below £1 per litre as the falling oil price makes filling a tank the cheapest in years for Britain’s 11 million diesel drivers.Supermarket chain Morrisons announced on Sunday that it had cut the price of diesel to 99.7p per litre, pricing it at under a pound for the fi
  
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• Former Co-op Group senior manager brings £5m unfair dismissal case

  03-01-2016 19:00 via telegraph.feedsportal.com
  
  Mutual denies claim that it sacked procurement director for blowing the whistle on malpractice
  
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• Major offshore wind operator plans £6bn UK investment by 2020

  03-01-2016 17:04
  
  Dong Energy says it is now convinced UK government will back offshore wind power despite recent cuts to renewable energy sector subsidiesDong Energy, the biggest operator of offshore windfarms in BritIN, has said it plans to spend a further £6bn in the UK by 2020, convinced that the government is serious about supporting wind power.Vattenfall, another significant UK windfarm operator, says it too is “optimistic” about 2016 and is hoping to proceed with a turbine testing site of
  
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• How one man plans to make billions selling Mojave desert water

  03-01-2016 16:43
  
  Scott Slater wants to pump billions of gallons to LA and other drought-hit cities - and make $2.4bn in the processScott Slater has got a plan. It is not a popular plan, but he wants to pump 814bn gallons of water from under the Mojave desert to Los Angeles and the other drought-stricken communities in southern California, and make more than $2bn (£1.3bn) doing so. “Yes, it’s quite a lot of money,” Slater, the 57-year-old chief executive of Cadiz Inc, says as he stands in
  
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• Debenhams in chairman talks with former Kingfisher boss

  03-01-2016 16:16 via telegraph.feedsportal.com
  
  Veteran retailer Sir Ian Cheshire could be appointed as chairman of the troubled department store chain
  
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• Libor fraudster Tom Hayes describes prison life in series of letters

  03-01-2016 15:52
  
  Former UBS banker writes to Times City editor Harry Wilson, describing time in isolation as he began his 14-year sentence, reduced to 11 years on appealThe convicted Libor trader Tom Hayes was initially held in isolation on the care and segregation unit in Wandsworth prison for 23 hours a day, according to a series of prison letters detailing his first months behind bars. Hayes said he was held in in the segregation unit for his own protection, and accompanied by three officers when allowed out
  
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• Need a hospital in a hurry? Marshall is selling a £20m 'pop-up' medical facility

  03-01-2016 14:09 via telegraph.feedsportal.com
  
  Defence group Marshall is looking for new customers for its Olympic running track-sized portable hospital
  
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• The UK big data project playing Moneyball to build smarter cities

  03-01-2016 13:45
  
  The Future Cities Catapult aims to improve policymaking – be it for better flood defences, banking or medicineWhen London’s Soho was hit by a cholera outbreak in the summer of 1854 it took a maverick to pinpoint the cause and come up with a way to contain it.
  Doctor John Snow rejected the established belief that cholera was airborne and he set out to disprove the miasma, or “bad air”, theory by plotting cases on a map. The physician’s findings proved his theory that
  
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• The innovators - the Irish entrepreneur putting design in the saddle

  03-01-2016 13:14
  
  Lightweight and radical Bua saddle hopes to bring conservative world of equestrian sports into the 21st century
  In a sport steeped in tradition, Martin Ryan has seen the occasional raised eyebrow at first sight of his new design of a horse’s saddle. Unlike other sports such as golf or cycling where new technologies have been embraced, the world of equestrian events has remained largely static, resulting in a saddle which has not changed for centuries, he says. Continue reading...
  
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• Even in expensive cities, the sharing economy may just have its limits

  03-01-2016 13:00
  
  In the age of WeWork and micro-apartments, are we heading toward a 21st-century version of a workhouse where employers can call on us night and day?I’ve never been a fan of the “sharing economy”. Not that there’s anything intrinsically wrong with Uber, Airbnb and their peers, it’s just that there doesn’t really seem to be much “sharing” going on. It’s more like adding a technological middleman to a rental market.Now having shaken up the taxi
  
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• Mike Ashley will struggle to copy John Lewis

  03-01-2016 11:40
  
  Sports Direct has a tricky new year ahead if it wants to be a new John Lewis. For starters, its share price has to rise, and so does its reputationSports Direct’s attempt to turn itself into another John Lewis will begin in earnest this week. Mike Ashley’s comment that he wants to make his chain the best employer on the high street behind John Lewis was unprecedented. In the coming months we will see whether he means what he says or whether the 15p pay rise for staff was, as the trad
  
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• Food joke could land Briton in Kyrgyz prison

  03-01-2016 11:30
  
  BISHKEK (Reuters) - A British employee of Kyrgyzstan's biggest gold mine has been detained by police and could face up to five years in prison after comparing a national dish to a horse penis, triggering a brief strike by miners.
  
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• Britain promises more money to improve flood defences

  03-01-2016 11:21
  
  LONDON (Reuters) - Britain's government has promised more than 40 million pounds to rebuild and improve the country's flood defences that failed to protect thousands of homes over the Christmas holidays.
  
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• We need you, Andrew Tyrie. Without you, the bankers will get away with it

  03-01-2016 10:00
  
  The chair of the Treasury select committee offers the one hope of real action over the continuing culture of greedA new year and, for bankers, it seems, a new regime. Not a tough new rule book which would help regulators to clamp down on the outrageous behaviour that caused the 2008 crisis and the ensuing economic recession, but a regime in which an official review into the culture of banking has been abandoned and the government has U-turned on a pledge to toughen up the rules holding senior ba
  
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• Retail chains face the season of Christmas turkeys

  03-01-2016 10:00
  
  Trading statements from the high street will reveal if any of the major names had reason to be merry or ended up with a sales hangoverIt’s all over for another year, meaning all that’s left for you to do is: dispose of the piles of uneaten coconut eclairs wallowing in the Quality Street tin; visit your aged aunt in hospital and apologise for the bout of campylobacter she contracted following your rushed efforts to serve the Christmas turkey; and fill out an insurance form after the u
  
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• Nerds and bank lock-ins: things I’ll miss about the numbers game

  03-01-2016 09:59
  
  Our outgoing economics editor on what she will regret not having to deal with in the world of politicsAs I depart this pleasant berth to cover politics for the Guardian, after almost 15 years writing about the twists and turns of the global economy, there are plenty of things I will leave behind lightly – not least a dusty pile of unread books – but, if you will excuse the self-indulgence, dear readers, here are a few things I’m missing already:Nerds
  Call them what you like: wo
  
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• Nicki Chapman: 'My earnings peaked at age 39 - but I'd paid off my mortgage by then'

  03-01-2016 08:15 via telegraph.feedsportal.com
  
  The former 'Pop Idol' judge had a successful career in music, but she still enjoys making money at car-boot sales
  
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• How NOT to impress: Top 10 biggest mistakes made in job interviews

  03-01-2016 08:03 via feedproxy.google.com
  
  NEW year job hunters could be held back by cliche slip-ups that recruiters complain about time and time again.
  
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• What’s the best deal to pay off those Christmas credit card bills?

  03-01-2016 08:01
  
  There is an array of balance transfer deals offering 0% for more than three years – but remember to finish your repayments before the interest-free period endsConsumers saddled with credit card debt built up over the festive period are being targeted by an array of balance transfer deals offering 0% interest for more than three years.Halifax and Sainsbury’s Bank were among those to launch their “longest ever” interest-free deals last week, just in time for the first round
  
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• Vulnerable forced to battle the energy giants as billing complaints top 40,000

  03-01-2016 08:00
  
  From debt collectors threatening a disabled woman, to an erroneous request for more than £50,000, consumers are paying a high price for chaotic accounting, as Anna Tims reportsAn elderly man has been told that he owes £51,000 in the latest example of the problems faced by vulnerable consumers battling energy suppliers. He told of the five-figure request from Co-operative Energy, despite previous assurances that his account was in credit.Eventually he enlisted the help of his daughter
  
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• The ‘privilege’ of paying more with Northern Energy

  03-01-2016 08:00
  
  We signed up to a special package to cut costs … but ended up being overchargedI feel I have been taken for a ride by Northern Energy oil supplies. I signed up to its Privilege Plus Package. The benefits are a 5% discount and boiler breakdown cover up to £250. I have ordered oil from them over two or three years without checking prices from other suppliers, placing trust in its “privilege” scheme.Continue reading...
  
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• Beware: Silicon Valley’s cultists want to turn you into a disruptive deviant

  03-01-2016 01:05
  
  High-tech giants are becoming more like the radical right as they launch populist crusade to block government regulation – and they have the technology to recruit believersBack in August 2014, Mike Bulajewski, a Seattle-based designer with a penchant for psychoanalysis, published a fascinating essay. In The Cult of Sharing, he argued that the best way to understand why so many users feel emotionally attached to such companies as Uber and Airbnb – even earning them the feel-good monik
  
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• The Observer view on the floods and budget cutting | Observer editorial

  03-01-2016 01:03
  
  The water pouring into defenceless homes and businesses symbolises the disastrous effects of George Osborne’s economic ideologyInundated; crumbling; overwhelmed: there could hardly have been a more graphic physical representation of the fragile state of Britain’s infrastructure than the floodwaters surging down the streets of our towns and cities and into shops and living rooms in the past few days.And the government can’t say it wasn’t warned. Our story today reveals tha
  
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• When will banks learn that dodgy tax practices actually cost them dear? | Will Hutton

  03-01-2016 01:02
  
  Investment banking, the world of high-velocity trading in trillions of pounds of financial assets and mega-deals, wins few prizes in the integrity stakesCourtesy of the European parliament, and much against the will of the world’s investment banks, every bank in Europe now has to declare how much tax it pays in which country. And courtesy of Reuters, which bothered to read the results, we now know that seven of the world’s largest investment banks paid Britain £21m tax on &poun
  
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• Savers and drivers set for a good year

  03-01-2016 01:01 via feedproxy.google.com
  
  MOTORISTS with money in the bank and a portfolio of shares could enjoy a very happy new year, according to economic predictions for 2016.
  
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• Insurers 'hype up' whiplash claims: Motorists stung despite payouts falling by £2.4bn

  03-01-2016 01:01 via feedproxy.google.com
  
  CAR insurers have been accused of “cynically” exaggerating the extent of fraudulent claims to coax the Government into a crackdown on personal injury payouts.
  
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• Eurostar enlists Boomerang to come back with the goods

  03-01-2016 01:01 via feedproxy.google.com
  
  FANS of French cheese and wine will be able to order them from strangers on a train, as part of a new service launched by Eurostar.
  
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