Financial news

• Finally! A banker who talks sense on Brexit

  08-01-2016 21:25 via telegraph.feedsportal.com
  
  Unfortunately the loudest voices in the Brexit debate tend to be hysterically pro-EU, warning that any change to the status quo would trigger economic Armageddon
  
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• Britain's capital spending should insulate us from global turbulence

  08-01-2016 20:52 via telegraph.feedsportal.com
  
  The UK government has also been keen to support investment in housing and public infrastructure, despite the constraints on public borrowing
  
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• Alert: Santander 123 will cost £5 a month from Monday - is it worth it?

  08-01-2016 20:43 via telegraph.feedsportal.com
  
  The price of the popular 123 current account will more than double. We examine who should pay the £60 annual cost
  
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• New year nightmare for traders as FTSE suffers worst week since August

  08-01-2016 20:24 via telegraph.feedsportal.com
  
  Britain's leading companies had £85bn wiped off their value in the first five trading days of 2016
  
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• Major Shell investor vows to vote against £40bn BG Group takeover

  08-01-2016 20:06 via telegraph.feedsportal.com
  
  Standard Life Investments believes oil price is too low to make deal worthwhile
  
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• China's largest bank buys huge 1,500-tonne gold vault in London

  08-01-2016 19:43 via telegraph.feedsportal.com
  
  ICBC Standard Bank has also applied to become a clearing member of the London gold and silver over-the-counter busines
  
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• VW 'refusing to cooperate' with US probe into emissions scandal

  08-01-2016 19:16 via telegraph.feedsportal.com
  
  Car company has reportedly refused to hand over internal emails, citing German privacy laws
  
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• Legendary steam locomotive 'Flying Scotsman' set to return

  08-01-2016 18:47
  
  LONDON (Reuters) - One of the world's most famous steam engines, "Flying Scotsman," is set to return after a decade of restoration and over 80 years since it became the first locomotive to reach 100 miles an hour (160 kph).
  
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• In binge Britain, health chiefs say any alcohol is risky

  08-01-2016 18:46
  
  LONDON (Reuters) - Britons should drink less because any alcohol consumption increases the risk of cancer and other diseases, government health chiefs said in new guidelines that were immediately denounced by critics as "nanny state" scaremongering.
  
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• HMRC debt collectors blasted for 'treating people worse' than private companies

  08-01-2016 18:12 via feedproxy.google.com
  
  GOVERNMENT departments treat people worse than private companies when chasing debts - and the taxman is the biggest culprit, a report has claimed.
  
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• Child Trust Fund's missing £100

  08-01-2016 17:57 via telegraph.feedsportal.com
  
  A change of ownership in the firm managing an investment leads to money going astray
  
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• Crispin Odey slashes stake in Sports Direct as Christmas profit warning knocks shares

  08-01-2016 17:55 via telegraph.feedsportal.com
  
  The FTSE 100 retailer sees shares fall more than 15pc as it becomes latest victim of nightmare festive season on the British high street
  
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• Britons held in Hungary in breach of anti-terrorism laws, jailed

  08-01-2016 17:39
  
  LONDON (Reuters) - Two Britons were jailed on Friday after being arrested in Hungary where they were suspected of heading to Syria, in breach of strict travel constraints because they had convictions for terrorism offences.
  
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• Landlords rush to purchase new properties to beat April's tax hike

  08-01-2016 17:36 via feedproxy.google.com
  
  BUY-to-let investors are rushing to purchase properties ahead before an extra three per cent stamp duty charge takes effect, according to experts.
  
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• Only 1pc of investors say Latin America will deliver best returns: time to buy?

  08-01-2016 17:26 via telegraph.feedsportal.com
  
  Investors always believe the stock market will rise by 6pc, but other sentiment surveys are worth reading, says Andrew Oxlade
  
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• Revealed: the weirdest sub-genres on Netflix

  08-01-2016 16:44 via telegraph.feedsportal.com
  
  From 'scary cult movies from the 1980s' to 'coming-of-age animal tales', Netflix has every niche covered.
  
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• Euro zone bond investors get that Helsinking feeling

  08-01-2016 16:16
  
  LONDON (Reuters) - An economy in recession rocked by anti-austerity protests, hefty debt issuance and worries about its top credit rating - the year is not shaping up well for Finland's bond market.
  
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• Japan, Britain call for swift response to North Korea

  08-01-2016 16:14
  
  TOKYO (Reuters) - Japan and Britain said on Friday the international community should respond firmly and swiftly after North Korea's announcement that it had successfully tested a hydrogen nuclear device.
  
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• Soaring US jobs bring another rate hike closer

  08-01-2016 15:30 via telegraph.feedsportal.com
  
  US economy adds 292,000 jobs in December making 2015 the second best year for jobs growth since 1999
  
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• Ten of the top paying graduate employers

  08-01-2016 15:19 via telegraph.feedsportal.com
  
  As it's revealed that Aldi graduates are offered a £42,000 starting salary among other benefits, we look at other employers who offer an impressive graduate package
  
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• Aberdeen Asset Management picks up Liverpool's Albert Dock for £43m

  08-01-2016 14:49 via telegraph.feedsportal.com
  
  The Albert Dock is a Unesco heritage site and the home of Tate Liverpool, and is central to the city's huge regeneration efforts
  
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• Where can value investors turn in 2016? Six shares that look cheap now

  08-01-2016 14:46 via telegraph.feedsportal.com
  
  Value investors love the opportunity that market falls bring, but this time they are treading carefully. Where are the genuine bargains?
  
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• £13,000: how much extra it costs to live a Jewish life

  08-01-2016 14:39 via telegraph.feedsportal.com
  
  Two economists have created the "Kosher Chicken Index" to calculate the cost of observant Jewish life in the UK
  
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• Got £20,000 spare for monthly rent? Live in this flamboyant flat Liberace would be proud of

  08-01-2016 14:27 via telegraph.feedsportal.com
  
  Marble floors, chandeliers, murals and mirrored furniture make this London flat a feast for the eyes
  
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• That'll be £1, please: Quindell sells off businesses bought by founder

  08-01-2016 13:54 via telegraph.feedsportal.com
  
  The insurance outsourcer has offloaded property and insulation businesses acquired under founder Rob Terry
  
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• Saudi Arabia confirms scheme to list Aramco, world's largest oil producer

  08-01-2016 13:40 via telegraph.feedsportal.com
  
  Saudi Aramco controls world's largest oil fields and would raise much-needed funds for the kingdom
  
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• Waste from burst Brazil dam not as bad as feared, BHP Billiton says

  08-01-2016 13:15 via telegraph.feedsportal.com
  
  Miner updates on recovery operations two months after the fatal accident
  
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• McDonald's revamps brand with bold, colourful packaging

  08-01-2016 13:11 via telegraph.feedsportal.com
  
  This is the fast food chain like you've never seen it before (but don't worry, the golden arches are still there)
  
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• Sports Direct issues profit warning on poor Christmas trading

  08-01-2016 13:10 via telegraph.feedsportal.com
  
  The FTSE 100 retailer becomes latest victim of nightmare festive season on the British high street
  
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• Tumbling oil prices help narrow UK's trade deficit

  08-01-2016 13:00 via telegraph.feedsportal.com
  
  Deficit is reduced by £0.3bn in November but poor export performance could harm growth
  
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• Harmonic Capital co-founders to leave $1.9 billion macro hedge fund

  08-01-2016 12:55
  
  LONDON (Reuters) - The founding partners of London-based $1.9 billion hedge fund firm Harmonic Capital Partners are set to leave in July, a spokeswoman at the firm told Reuters.
  
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• Cheltenham house with Banksy wall art up for sale

  08-01-2016 12:54
  
  Grade II listed house close to GCHQ featuring street artist’s Spy Booth on sale for £210,000According to the estate agents’ blurb, the Victorian house boasts three bedrooms, a kitchen/breakfast room, bathroom with a coloured suite – and a genuine Banksy on the gable wall.An end-of-terrace house in Cheltenham with one of the street artist’s most famous recent works is up for sale for £210,000.Continue reading...
  
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• One in four 'struggle to survive' January after Christmas spending binge

  08-01-2016 12:48 via feedproxy.google.com
  
  BRITONS pressured into spending more than they could afford over Christmas could now struggle to survive January financially, according to research.
  
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• Investors dump U.S. stocks, seek bond safe haven

  08-01-2016 12:48
  
  LONDON (Reuters) - Investors dumped stocks and fled for the safety of bonds in the week to Jan. 6 which saw $2.3 trillion wiped off global equity markets and the worst opening week for the S&P 500 index, Bank of America Merrill Lynch (BAML) said on Friday.
  
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• Revealed: the true cost of buying a house in the commuter belt

  08-01-2016 12:45 via telegraph.feedsportal.com
  
  Use our interactive map to work out which areas offer the best value for money in the 73 commuter hotspots around London where more than 10pc of the local population commutes into the capital
  
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• Mountain Warehouse bucks trend and reports strong Christmas trading

  08-01-2016 12:35 via telegraph.feedsportal.com
  
  Sales at the outdoor clothing retailer rose 15pc, despite the warm winter
  
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• Grow their interest: the best children’s savings accounts

  08-01-2016 12:30
  
  Children can get great rates by putting their Christmas cash into an account. At up to 6% interest, returns can be better than almost anywhere else out thereMany children will have received cash over Christmas, and most will spend it pretty quickly. But if the sums are quite generous – or if you want to get your children into the savings habit early – this is one area where there are still some decent returns to be had.Instant-access accounts can be found paying 3% interest, while on
  
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• FINANCIAL WARNING: More TURMOIL expected as Chinese markets MELTDOWN to continue

  08-01-2016 12:25 via feedproxy.google.com
  
  GLOBAL stock markets have stabilised after Chinese authorities managed to calm investors, but experts say MORE TURMOIL is to come.
  
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• Photo-Me enjoys sales boost as Japanese rush to order ID cards

  08-01-2016 11:52 via telegraph.feedsportal.com
  
  Sales at the group soar as Japanese citizens scramble to get their mugshots for the new identification system
  
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• SFO needs 'urgent' fresh cash as top cases mount

  08-01-2016 11:38
  
  LONDON (Reuters) - The Serious Fraud Office has asked the government for an extra 21.14 million pounds to meet urgent cash needs as it pursues some of its most complex investigations, such as an inquiry into alleged financial benchmark rigging.
  
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• Markets stabilise after rollercoaster start to 2016

  08-01-2016 10:45 via telegraph.feedsportal.com
  
  After a wildly volatile week, European shares edged higher after China suspended its circuit breaker
  
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• Number of tenants in serious arrears 'rises 13.8% in three months'

  08-01-2016 10:44
  
  Last September 84,200 UK tenants owed more than two months’ rent, up from 74,000 in June, say Your Move and Reeds Rains estate agentsThe number of private tenants seriously behind with their rent has risen sharply to reach the highest since early 2013, according to a new study. However, eviction rates have fallen over the same period.At the end of September 2015 there were 84,200 tenants owing more than two months’ rent, compared with 74,000 at the end of June, said estate agents You
  
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• G4S suspends workers at UK youth centre over allegations of unnecessary force

  08-01-2016 10:32
  
  LONDON (Reuters) - G4S , the world's largest security company, said on Friday it had suspended seven members of staff over allegations of unnecessary force and improper language at a British training centre for young offenders.
  
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• G4S hit by fresh scandal at youth offenders centre

  08-01-2016 10:25 via telegraph.feedsportal.com
  
  Security group G4S suspends staff at young offenders centre over allegations about using unnecessary force
  
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• Exclusive: Blackstone to launch hedge fund platform Senfina in Britain

  08-01-2016 10:22
  
  LONDON (Reuters) - Blackstone Group is planning to bring its multi-manager hedge fund platform Senfina Advisors to Britain, three sources with direct knowledge of the move told Reuters.
  
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• British retirees cash out more savings after rule changes

  08-01-2016 10:20
  
  LONDON (Reuters) - Most British savers retiring between July and September last year fully cashed out their pension pots after rule changes, the financial markets regulator said, feeding concern they are not seeking financial advice.
  
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• Co-op Bank charged me £6,053 on my mortgage 'because I was too old'

  08-01-2016 09:55 via telegraph.feedsportal.com
  
  Co-op Bank refused to let this 68 year-old move his mortgage and instead made him pay a huge fine. Another case of ageism by banks?
  
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• Games Workshop battles tough December trading

  08-01-2016 09:50 via telegraph.feedsportal.com
  
  The retailer, which sells fantasy games such as Warhammer, said Christmas sales were below expectations
  
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• Games Workshop fails to weave its magic at Christmas

  08-01-2016 09:48
  
  Profits likely to suffer at maker of Warhammer, Hobbit and Lord of the Rings models after company reports below-forecast festive sales Games Workshop, which makes and sells fantasy model games such as Warhammer, the Hobbit and Lord of the Rings, has had a bad Christmas and predicted lower annual profits.The company said December sales were below expectations, and warned that pretax profit for the year to 29 May was unlikely to exceed £16m. Last year, it made profits of £16.6m.Continu
  
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• Career-focused 22 year-old saves £2,000 a month and is desperate to buy in London. Can she?

  08-01-2016 09:03 via telegraph.feedsportal.com
  
  Management consultant Jessica Manning fears that if she 'doesn't buy within six months she'll be stuck renting for life'. What are her options?
  
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