Financial news

• Saudi showdown with Iran nears danger point for world oil markets

  04-01-2016 21:52 via telegraph.feedsportal.com
  
  The world's densest network of oil pipelines runs through Saudi Arabia's Shia heartland. It is now the epicentre of a deadly struggle
  
  Read more

• Five global forces that will shape the year ahead

  04-01-2016 21:26 via telegraph.feedsportal.com
  
  From the Middle East to US elections, the UK's role in Europe to British wages; here are five of the most important issues that will affect stock markets this year
  
  Read more

• Households 'paying £305 a year too much for energy' as gap widens between standard and best deals

  04-01-2016 21:18 via telegraph.feedsportal.com
  
  Majority of UK consumers remain with the Big Six energy companies on their standard tariffs, despite savings of £300 a year on offer from the cheapest deals
  
  Read more

• Wise investors should be playing the long game

  04-01-2016 21:00 via telegraph.feedsportal.com
  
  At last, investors seem to realise that pushing companies to deliver immediate results doesn't create value - it just breeds reckless short-termism
  
  Read more

• Advertisement

• Mapped: Where the national living wage will put employers under pressure

  04-01-2016 20:47 via telegraph.feedsportal.com
  
  Find out where in the UK the national living wage will affect the most workers
  
  Read more

• US seeks up to $22bn from VW after launching lawsuit over emissions scandal

  04-01-2016 20:20 via telegraph.feedsportal.com
  
  US Department of Justice launches legal action over Volkswagen's 'dieselgate' scandal
  
  Read more

• TruStone Financial Merges With Two Wisconsin-Based Credit Unions - Yahoo Finance UK

  04-01-2016 19:49
  TruStone Financial Merges With Two Wisconsin-Based Credit Unions
  Yahoo Finance UK
  PLYMOUTH, MN--(Marketwired - Jan 4, 2016) - TruStone Financial Federal Credit Union announced today that it has merged with Wisconsin-based credit unions, Southshore Credit Union of Cudahy and First Credit Union of Oak Creek. Both Southshore ...en meer »
  

• Jigsaw shrugs off the winter gloom with rise in Christmas sales

  04-01-2016 19:41 via telegraph.feedsportal.com
  
  Fashion retailer criticises discounting by rivals for warping the high street
  
  Read more

• Advertisement

• Driverless taxis could hit the streets as GM invests $500m in Lyft

  04-01-2016 19:33 via telegraph.feedsportal.com
  
  Auto giant GM gets on board with ride-sharing start-up Lyft in deal that could help shape the future of driverless cars
  
  Read more

• Wildenstein art heir stands trial for half-billion euro tax fraud in Paris

  04-01-2016 19:24 via telegraph.feedsportal.com
  
  Guy Wildenstein and his entourage stand trial for hiding scores of art masterpieces, racehorses and the Kenyan ranch from Out of Africa worth "several billion euros" from the French taxman
  
  Read more

• Questor share tip: Randgold Resources offers safe haven

  04-01-2016 19:19 via telegraph.feedsportal.com
  
  As FTSE 100 shares tumbled the gold miner offered investors a place to hide, says Questor
  
  Read more

• Housing masterplan needs a rethink | Letters from Shaun Spiers, CPRE, and others

  04-01-2016 19:17
  
  The government’s commitment, in the prime minister’s words, to “roll its sleeves up and directly get homes built” is very welcome (New housing plans signal policy shift by ministers, 4 January). For far too long responsibility for meeting the nation’s housing need has been outsourced to a few big firms who have demanded ever more greenfield sites and then failed to build enough new homes. Planning permissions are up, the big developers’ land banks and profits
  
  Read more

• Miners descend as Chinese factory activity disappoints

  04-01-2016 19:15 via telegraph.feedsportal.com
  
  The FTSE 100 suffers a torrid start to the year as £38bn is wiped off Britain's leading companies.
  
  Read more

• The Guardian considers abandoning multimillion-pound events shed amid cost cuts

  04-01-2016 19:00 via telegraph.feedsportal.com
  
  Newspaper's plans for events space in historic King's Cross train shed in doubt as job cuts loom
  
  Read more

• The end of council housing

  04-01-2016 18:59
  
  In 1979, 42% of Britons lived in council homes. Today that figure is just under 8%. Now, by scrapping secure tenancies and bringing in a pay-to-stay scheme, the government’s new housing bill could mark the end of a century-old dream ‘We had two rooms. For five of us. There was a kitchen area, and the living room was our bedroom as well. We had a sofa bed, and we all shared it. And an outdoor toilet, and a tin bath. They’d boil the kettle, and we all had to get in.” Relate
  
  Read more

• New year's resolutions are hard to keep - ask Mike Ashley

  04-01-2016 18:59 via telegraph.feedsportal.com
  
  Sport's Direct's latest governance problems make a mockery of Mike Ashley's claims of 'a high moral standard'
  
  Read more

• FTSE suffers worst stock market start in 16 years as China-led malaise wipes £38bn off index

  04-01-2016 18:30 via telegraph.feedsportal.com
  
  US markets tumble after a 7pc Chinese share price plunge batters confidence on first trading day of the year
  
  Read more

• North Sea oil and gas production to reverse 15 years of decline

  04-01-2016 18:27 via telegraph.feedsportal.com
  
  Output from UK Continental Shelf rose in 2015 despite oil prices crashing to more than 10-year low
  
  Read more

• Kyrgyzstan deports Briton after horse penis comment

  04-01-2016 18:07
  
  BISHKEK (Reuters) - A British employee of Kyrgyzstan's biggest gold mine, detained by police after comparing a national dish to a horse penis, was told on Monday to leave the country within 24 hours for working without an official permit.
  
  Read more

• Britain denounces Islamic State video showing 'spies' shot

  04-01-2016 17:59
  
  LONDON (Reuters) - An Islamic State video showing a young boy in military fatigues and an older masked militant who both spoke with British accents is "desperate" propaganda from an organisation that is losing ground, Prime Minister David Cameron said on Monday.
  
  Read more

• Dutch billionaire raises stake in Holiday Inn giant

  04-01-2016 17:56 via telegraph.feedsportal.com
  
  John Fentener van Vlissingen, a travel industry veteran, now owns more than 5pc of InterContinental Hotels Group, which has been dogged by bid speculation
  
  Read more

• 100,000 back call to compensate women caught out by state pension rise

  04-01-2016 17:50
  
  Government changes meant some women were told they would have to work another 18 months to qualify less than two years before their retirement dateA petition to compensate women born in the 1950s who are facing a higher state pension age than they expected has gathered more than 100,000 signatures on the parliamentary website.The government announced changes to the state pension in 1995, designed to bring the qualifying age for women in line with that for men by 2020. This increase, from 60 to 6
  
  Read more

• You've got email … but you don't need to check it

  04-01-2016 16:49
  
  Consistently looking at your inbox out of office hours is unduly stressful, a report has found, but you can take steps if the pressure is too muchHow many times have you looked at your emails already today? Do you feel under constant pressure to do so? According to research from the London-based Future Work Centre, which surveyed nearly 2,000 working people about the pros and cons of using email, the constant stream of updates are a “toxic form of stress”. The report found a strong r
  
  Read more

• Euro to tumble below the US dollar for first time since 2002, predicts Bank of America

  04-01-2016 16:47 via telegraph.feedsportal.com
  
  Analysts say that a further bout of monetary stimulus will knock the euro
  
  Read more

• PwC says economic impact from December's UK storms could top $4 billion

  04-01-2016 16:39
  
  LONDON (Reuters) - Consultancy PwC raised its estimate of the economic impact of the three storms that battered Britain in December to between 2-2.8 billion pounds on Monday, and warned losses could climb further, with scores of flood alerts still in place.
  
  Read more

• More than 100,000 small firms demand rethink on HMRC tax proposal

  04-01-2016 16:37 via telegraph.feedsportal.com
  
  Parliament will be forced to debate quarterly filing issue following success of online petition
  
  Read more

• Sudanese who braved Channel Tunnel granted asylum in Britain

  04-01-2016 16:26
  
  CANTERBURY, England (Reuters) - A Sudanese man who made global headlines in August when he walked 50 km (30 miles) through the Channel Tunnel from France to England, highlighting the plight of migrants, has been granted asylum in Britain.
  
  Read more

• UK regulators licence BAT e-cigarette as quit-smoking medicine

  04-01-2016 16:06
  
  LONDON (Reuters) - Britain's drug regulators have given the go-ahead for a British American Tobacco electronic-cigarette vaping device to be sold as a quit smoking medicine, the first such product to be given a drug licence in the UK.
  
  Read more

• FTSE poised for worst stock market start this century as China-led malaise wipes £36bn off index

  04-01-2016 15:54 via telegraph.feedsportal.com
  
  US markets open down after a 7pc Chinese share price plunge batters confidence on first trading day of the year
  
  Read more

• BoE expected to raise UK rates in Q2; low wage growth, Brexit a risk

  04-01-2016 15:54
  
  (Reuters) - The Bank of England's first rate increase in more than eight years is likely to come in the second quarter of 2016, as previously expected, bolstered by the Federal Reserve's decision to raise U.S. rates last month, a Reuters poll found.
  
  Read more

• Priory clinic sold to US mental healthcare chain for £1.5bn

  04-01-2016 15:46 via telegraph.feedsportal.com
  
  Private equity firm sells The Priory Group, the addiction clinics known for treating celebrity patients, to US healthcare provider Acadia
  
  Read more

• Priory clinic sold to US mental healthcare chain for £1.28bn

  04-01-2016 15:46 via telegraph.feedsportal.com
  
  Private equity firm sells The Priory Group, the addiction clinics known for treating celebrity patients, to US healthcare provider Acadia
  
  Read more

• American Financial Group, Inc. Declares Quarterly Dividend - Yahoo Finance UK

  04-01-2016 15:18
  American Financial Group, Inc. Declares Quarterly Dividend
  Yahoo Finance UK
  American Financial Group, Inc. (AFG) announced that it has declared a regular dividend of $0.28 per share of American Financial Group Common Stock. The dividend is payable on January 25, 2016 to holders of record on January 15, 2016. About American ...en meer »
  

• 'My income is under £10,000, so why am I taxed at 50pc?'

  04-01-2016 15:13 via telegraph.feedsportal.com
  
  A reader is baffled as to why half of his modest income is going to the taxman
  
  Read more

• Ferrari shares stall on first day of trading in Europe

  04-01-2016 15:09 via telegraph.feedsportal.com
  
  Fiat Chrysler hands over remainder of Ferrari stake as the sports car maker lists shares in Italy
  
  Read more

• Cost of insurance won't rise despite wave of claims after winter storms

  04-01-2016 15:05 via telegraph.feedsportal.com
  
  Analysts say insurance firms will shoulder the losses without passing on costs to customers
  
  Read more

• Boyfriend of Sports Direct founder's daughter could be in line for millions from new company role

  04-01-2016 15:00 via telegraph.feedsportal.com
  
  Retailer reveals more about the role played by Michael Murray in Mike Ashley's sprawling retail empire
  
  Read more

• Jeremy Corbyn joins activists at King's Cross for rail fare rises protest

  04-01-2016 14:49
  
  Labour leader attends gathering of party and union members as they leaflet passengers in London about the 1.1% riseJeremy Corbyn joined Labour and union activists at King’s Cross station in London as they leafleted passengers on the first working day since rail fare rises were implemented across the country.About 40 activists gathered at the station, along with the general secretaries of the biggest rail unions, Aslef, TSSA and the RMT, to protest against an average fare rise of 1.1% that
  
  Read more

• Shoppers exploit 'hedge spending' tactic in the sales

  04-01-2016 14:26 via telegraph.feedsportal.com
  
  'Hedge spenders' buy an item at full price and then wait to see if it features in the post-Christmas sales
  
  Read more

• 'Can I have two Isas?'

  04-01-2016 14:19 via telegraph.feedsportal.com
  
  This reader wants to know the rules around operating his tax free savings accounts
  
  Read more

• Oil explorer slams investor for stealth takeover attempt

  04-01-2016 14:07 via telegraph.feedsportal.com
  
  JKX claims its second-biggest shareholder is trying to take control of the company without offering a 'fair premium'
  
  Read more

• Marks & Spencer 'fires loyalty card chief over racism claim'

  04-01-2016 13:58
  
  Suzanna Broer, who joined retailer in 2014, dismissed in November for allegedly using racist language at workMarks & Spencer has fired the head of its new loyalty card scheme, reportedly over the use of racist language.Suzanna Broer, who was director of customer insight and loyalty, was dismissed in November for allegedly using racist language at work, according to The Sunday Times (paywall). Continue reading...
  
  Read more

• Top Treasury civil servant Sir Nick Macpherson to step down in April

  04-01-2016 13:54 via telegraph.feedsportal.com
  
  Civil servant who weighed in on Scottish independence and Tory austerity to leave Treasury job
  
  Read more

• Top Treasury civil servant Nick Macpherson to step down in April

  04-01-2016 13:54 via telegraph.feedsportal.com
  
  Civil servant who weighed in on Scottish independence and Tory austerity to leave Treasury job
  
  Read more

• A safe and trustworthy cyberspace: 'together we have come a long way'

  04-01-2016 13:53
  
  I work for ITU, an agency of the United Nations, to engage partners from all sectors of the global community in a dialogue to tackle child online safety and foster digital literacy among future generationsITU is the United Nations agency for information and communication technologies – ICTs. We allocate global radio spectrum and satellite orbits, develop the technical standards that ensure networks and technologies interconnect seamlessly, and strive to improve access to ICTs to underserve
  
  Read more

• FTSE poised for worst stock market start this century as China-led malaise wipes £40bn off index

  04-01-2016 13:52 via telegraph.feedsportal.com
  
  UK's leading companies suffer falls in share price after China's stock market plunged 7pc
  
  Read more

• Britain's factories face 'stagnation' despite oil boost

  04-01-2016 13:38 via telegraph.feedsportal.com
  
  Manufacturers fail to build momentum despite a fresh fall in oil prices
  
  Read more

• Markets slump after weak Chinese data, while UK manufacturing hits 3-month low - live

  04-01-2016 13:27
  
  Share trading in China halted as survey renews fears of economic slowdown.Eurozone manufacturing improves, but UK PMI is below expectations.Around £34bn wiped off FTSE 100. 12.23pm GMTApart from the weak data, there is another reason for the slump in Chinese shares, according to Mark Dampier, head of investment research at Hargreaves Lansdown:Contrary to reports, the fall in the Chinese stock market has little to do with the December PMI data coming in at 49.7 against a consensus of 49.8.
  
  Read more

• Why don't petrol prices fall as quickly as oil prices?

  04-01-2016 13:25 via telegraph.feedsportal.com
  
  The huge slump in the price of oil has not been mirrored by a similar fall in prices at the pumps. We look at the various factors that contribute to the price of a litre of petrol or diesel
  
  Read more

• The pitfalls of using Kickstarter

  04-01-2016 13:13 via telegraph.feedsportal.com
  
  Here's what happens when campaigns go wrong
  
  Read more

Follow @financialnwsUK on Twitter!