Financial news

• Apple shares drop below $100 for first time in five months

  06-01-2016 23:19 via telegraph.feedsportal.com
  
  Fall comes amid reports Apple is to cut production of its latest iPhone models
  
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• Is the whole theory of secular stagnation a hoax?

  06-01-2016 21:55 via telegraph.feedsportal.com
  
  The Bank for International Settlements says the entire strategy of stimulus by global central banks is based on a false premise
  
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• Waitrose may have been first out of the blocks on Christmas figures, but M&S could be the winner

  06-01-2016 21:39 via telegraph.feedsportal.com
  
  When food deflation is factored in, currently running at around 1.7pc, Waitrose's like-for-like sales weren't actually that bad
  
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• Waitrose may have been first out of the blocks on Christmas figures, but it's unlikely to come top

  06-01-2016 21:39 via telegraph.feedsportal.com
  
  When food deflation is factored in, currently running at around 1.7pc, Waitrose's like-for-like sales weren't actually that bad
  
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• Property is all about location - and there's no place for George Osborne's stamp duty reforms

  06-01-2016 21:22 via telegraph.feedsportal.com
  
  A scheme designed to create more houses and greater home ownership could actually deliver less
  
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• Questor share tip: Johnson Service turnaround on track

  06-01-2016 21:16 via telegraph.feedsportal.com
  
  The workwear and linen laundry firm has been through a successful turnaround, says Questor
  
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• Questor share tip: Sell BHP Billiton as oil exposure increases pain

  06-01-2016 21:04 via telegraph.feedsportal.com
  
  The Anglo-Australian marraige is coming under pressure as financial difficulties take their toll, says Questor
  
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• Emerging economies can no longer power global growth, warns World Bank

  06-01-2016 21:01 via telegraph.feedsportal.com
  
  An unprecedented 'synchronised slowdown' in emerging markets could yet jeopardise the world's prospects over the coming years
  
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• Federal Reserve too 'concerned' by weak inflation to push on with rate rises

  06-01-2016 20:39 via telegraph.feedsportal.com
  
  The US central bank is unlikely to tighten policy again in the next couple of months as low inflation persists
  
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• Tesco Direct to charge for click and collect orders of less than £30

  06-01-2016 20:00
  
  £2 fee on orders will apply from 2 February, the retailer saysTesco is to charge customers for click and collect orders through its Direct arm costing less than £30, saying the fee is needed to ensure the service remains sustainable.The supermarket giant, which in October reported a sharp fall in profits, will introduce the £2 fee on Tesco Direct orders on 2 February. It already has a £4 charge for grocery shops below £40 which are ordered online and collected in st
  
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• Car sales set to hit an all-time record

  06-01-2016 19:55 via telegraph.feedsportal.com
  
  Industry estimates on car registrations ahead of official data signal new high of more than 2.6m cars sold
  
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• Government preparing to sell £17bn of Bradford & Bingley mortgages

  06-01-2016 19:53
  
  Thousands of customers could be affected by move eight years after B&B was rescued by taxpayers during 2008 banking crisisThousands of customers of Bradford & Bingley face the prospect of having their mortgages sold off to another lender as the government prepares £17bn of home loans for sale.The vast package of mortgages is in government hands because B&B had to be rescued by taxpayers during the 2008 banking crisis. The mortgages could be sold off in parcels or as one giant b
  
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• Capacity crisis at UK airports revealed by delays league

  06-01-2016 19:24 via telegraph.feedsportal.com
  
  Analysis of airport punctuality highlights squeeze and need for new runway - as well as Britain's best and worst performing airlines
  
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• UK bankers say EU has helped London financial centre thrive - Reuters UK

  06-01-2016 19:14
  Reuters UK
  UK bankers say EU has helped London financial centre thrive
  Reuters UK
  LONDON Britain's financial sector has thrived in the European Union and quitting the 28-country bloc could limit access to a huge market and trigger an "investment pause" due to inevitable disruptions, senior bankers told MPs on Wednesday. Britain is ...en meer »
  

• New round of Opec wars sees oil price crash towards $34

  06-01-2016 19:00 via telegraph.feedsportal.com
  
  Iran and Saudi Arabia's escalating conflict makes the possibility of Opec regaining control of the world markets all but impossible, say traders
  
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• New Opec wars sees oil price crash towards $34

  06-01-2016 19:00 via telegraph.feedsportal.com
  
  Iran and Saudi Arabia's escalating conflict makes the possibility of Opec regaining control of the world markets all but impossible, say traders
  
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• Sports Direct builds stake in Umbro owner

  06-01-2016 18:59 via telegraph.feedsportal.com
  
  The retailer, which invested in the classic brand before it was taken private in 2007, has revealed a stake in Iconix
  
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• BAE gains from US hopes, as miners slow the blue-chips

  06-01-2016 18:54 via telegraph.feedsportal.com
  
  BAE Systems bucked the trend on what was another torrid trading session after a rating upgrade
  
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• Treasury explores record-breaking sale of £17bn Bradford & Bingley loan book

  06-01-2016 18:47 via telegraph.feedsportal.com
  
  Early talks over potential attempt to recoup taxpayer cash
  
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• West Cornwall Pasty Co reins in losses following administration

  06-01-2016 18:42 via telegraph.feedsportal.com
  
  The Cornish pasty company, which is backed by former England footballer Danny Mills, is boosting its coffee range
  
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• Bankers say City 'would continue to thrive' in or out of Europe

  06-01-2016 18:38 via telegraph.feedsportal.com
  
  Barclays and HSBC said disruption from Brexit could be short-term, depending on the terms of the departure
  
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• Company reputation worth £1.7 trillion to the UK but quarter of firms ignore it

  06-01-2016 18:00 via telegraph.feedsportal.com
  
  A listed small-to-midcap company stands to lose up to £90m if its good standing is destroyed
  
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• Saudi-Iran tensions can't stop the oil price crash as Brent heads for below $34

  06-01-2016 17:35 via telegraph.feedsportal.com
  
  Brent crude hits a fresh 11-year low as Iran says oversupply, rather than a new Middle East war, is the biggest threat to prices
  
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• Chinese companies warned to tell investors when executives go missing

  06-01-2016 17:34 via telegraph.feedsportal.com
  
  The finance minister's comments come after dozens of business leaders have been unreachable in recent months
  
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• Plans for new tower in Dover taller than the Shard - but it'll only be for City traders

  06-01-2016 16:28 via telegraph.feedsportal.com
  
  Mega-tower planned for the Kent coast will beam microwaves to continental Europe for speeding up financial trades by milliseconds
  
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• Nearly 25,000 submit online tax returns on New Year's Eve

  06-01-2016 16:25 via telegraph.feedsportal.com
  
  Record self-assessment submissions made on Christmas Day and over the New Year, including 600 shortly after the strike of midnight
  
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• Almost 25,000 submit online tax returns on New Year's Eve

  06-01-2016 16:25 via telegraph.feedsportal.com
  
  Record self-assessment submissions made on Christmas Day and over the New Year, including 600 shortly after the strike of midnight
  
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• Cash Genie goes into liquidation and urges customers to claim compensation

  06-01-2016 16:14
  
  Payday lender trying to trace 12,000 borrowers who are still due redress, with average compensation around £175 per person
  Borrowers who took out loans from payday lender Cash Genie have been urged to come forward to claim compensation after the firm went into liquidation.The company, which offered short-term loans at an annual interest rate of 2,986%, was hit with a £20m compensation bill in July 2015 after it admitted to the financial regulator that it had engaged in unfair lending
  
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• US stocks hit three month-low as China woes plague investors

  06-01-2016 16:08 via telegraph.feedsportal.com
  
  The Dow Jones industrial average tumbles to a three-month low amid fresh concerns about China's ailing economy and geopolitical tensions
  
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• China freezes out three banks from parts of the currency market

  06-01-2016 16:01 via telegraph.feedsportal.com
  
  Some participants in renminbi trading have been suspended as Beijing tries to stabilise the currency
  
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• US defence spending forecast shoots BAE Systems higher

  06-01-2016 15:05 via telegraph.feedsportal.com
  
  BAE Systems jumps to top of FTSE 100 as heavyweight RBC makes the defence giant its top pick in the sector
  
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• The savings deals aiming to replace NS&I's 2.8pc pensioner bonds

  06-01-2016 14:19 via telegraph.feedsportal.com
  
  Paragon Bank is offering three new accounts aimed at older savers whose one-year, top-paying pensioner bonds are maturing
  
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• GLOBAL MARKETS-Stocks, oil bashed by China worries, N.Korea nuclear test

  06-01-2016 14:08
  
  LONDON, Jan 6 (Reuters) - World stocks fell for a fifth day on Wednesday as China fuelled fears about its economy by allowing the yuan to weaken further and a nuclear test by North Korea added to a growing list of geopolitical worries.
  
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• UPDATE 1-Starboard urges Yahoo to change management, board

  06-01-2016 13:54
  
  Jan 6 (Reuters) - Activist investor Starboard Value LP said on Wednesday Yahoo Inc should consider changing its management, board and its business strategy.
  
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• INSIGHT-Why I can't buy Minion toys with Chinese yuan

  06-01-2016 13:50
  
  BASILDON, England, Jan 6 (Reuters) - British businessman Tony Brown is ready to pay in Chinese yuan for the cuddly toys and other funfair stall prizes he buys from a handful of Chinese factories. But they just don't want it.
  
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• 'Facebook for ex-staff' launches as companies seek to tackle talent shortage

  06-01-2016 13:39 via telegraph.feedsportal.com
  
  EnterpriseAlumni helps create 'boomerang hires', where former staff return to previous employers
  
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• Biggest ever National Lottery prize pot? How to increase your chances of keeping more of the winnings

  06-01-2016 13:38 via telegraph.feedsportal.com
  
  Ignore all strategies that promise to increase your chances of winning the lottery, but the numbers you pick can affect your winnings
  
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• China rising: the 10 tallest skyscrapers of 2016 – in pictures

  06-01-2016 13:35
  
  The Council on Tall Buildings and Urban Habitat keeps tabs on skyscrapers under construction around the world. Of the 10 tallest due for completion this year, six are in China, two in Dubai and one each in Seoul and Moscow Continue reading...
  
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• Home Retail shareholders tell Sainsbury's to return with higher bid

  06-01-2016 13:33 via telegraph.feedsportal.com
  
  Old Mutual, Home Retail Group's third largest investor, has said that it is confident Sainsbury's will return with a sweetened offer
  
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• Starboard seeks change in Yahoo management, board

  06-01-2016 13:16
  
  Jan 6 (Reuters) - Activist investor Starboard Value LP said on Wednesday Yahoo Inc should consider changing its management, board and its business strategy.
  
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• RPT-U.S. 'alt' mutual funds, pitched for safety, carry risk of their own

  06-01-2016 13:00
  
  NEW YORK, Jan 5 (Reuters) - Mutual funds pitched to retail investors as hedge funds for the everyman promise to shield them from market gyrations, but many in 2015 proved just as exposed to market risks as their plain-vanilla counterparts.
  
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• Apple slashes iPhone production amid fears of slowing demand

  06-01-2016 12:46 via telegraph.feedsportal.com
  
  Apple is reported to be scaling back its iPhone production by a third during the first three months of 2016
  
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• Shares in European microchip makers slump on Apple production cut rumours

  06-01-2016 12:42 via telegraph.feedsportal.com
  
  Reports that the tech giant is planning to scale back manufacturing of its iPhone models weighed on shares in European chip makers
  
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• Founders no longer want to buy back Brazil's Leader from BTG Pactual - newspaper

  06-01-2016 12:31
  
  SAO PAULO, Jan 6 (Reuters) - Brazil's Gouvêa family no longer wants to take control of apparel and home furnishing retailer Leader Participações SA back from bank BTG Pactual SA, newspaper Valor Economico reported on Wednesday.
  
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• Looming Brexit vote casts a pall over UK's services sector

  06-01-2016 11:45 via telegraph.feedsportal.com
  
  Vote on EU membership weighs on British businesses as confidence levels fall to near three-year lows
  
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• Saudi-Iran tensions can't stop the oil price crash as Brent falls below $35

  06-01-2016 11:35 via telegraph.feedsportal.com
  
  Brent crude hits a fresh 11-year low as Iran says oversupply, rather than a new Middle East war, is the biggest threat to prices
  
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• Questor share tip: Flood hit Carr's still on track

  06-01-2016 11:32 via telegraph.feedsportal.com
  
  The small-cap conglomerate delivers steady returns from diversification, says Questor
  
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• SE Asia Stocks-Mixed; Singapore at 3-month low on weak oil shares

  06-01-2016 11:29
  
  BANGKOK, Jan 6 (Reuters) - Southeast Asian stock markets were mixed on Wednesday, with Indonesia extending gains for a second day after fuel price cuts and lower interest rate outlook, while Singapore hit a more than three-month low, led by energy-related stocks. The Jakarta composite index climbed 1.1 percent, building on Tuesday's strength after Indonesian government reduced prices of RON88 fuel and diesel fuel. The index ended at 4,608.98, the highest close since Nov. 4 The easing
  
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• Nevsky Capital founders call time on $1.5 billion hedge fund

  06-01-2016 11:02
  
  LONDON (Reuters) - London-based Nevsky Capital's founders have decided to shut down their $1.5 billion hedge fund and retire, saying weak market conditions made it unlikely they could generate the returns they had in the past.
  
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• BUZZ-Ladbrokes: Up as Numis says Gala deal to boost stock

  06-01-2016 11:01
  
  ** British bookmaker Ladbrokes, fresh off from winning shareholder approval for its merger with rival Gala Coral, up 1.1 pct in decent volume after broker Numis raises stock to "buy" from "hold"
  
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