Financial news

• Why pricey Miele has the cheapest products on the market

  10-01-2016 23:40 via telegraph.feedsportal.com
  
  The bosses of white-goods maker Miele feel the 'Mittelstand' has lessons for the UK
  
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• Sainsbury's steps up battle with Aldi and Lidl by doubling Netto trial

  10-01-2016 23:27
  
  The retailer will open 15 of the discount supermarkets by the end of March and is thought to be planning at least 10 moreSainsbury’s is to double the size of its Netto trial as it steps up its battle with the discount retailers Aldi and Lidl.The supermarket is understood to be planning a further 10 to 12 stores on top of the initial 15 which will be opened by the end of March. Continue reading...
  
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• Why the business card will live forever

  10-01-2016 23:24 via telegraph.feedsportal.com
  
  "Business cards still work as well as they have worked for 300 years," said Moo.com founder Richard Moross
  
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• Nick Candy's broadband company signs deal with BT

  10-01-2016 23:14 via telegraph.feedsportal.com
  
  BT expected to buy broadband capacity from the telecoms start-up backed by property mogul Nick Candy
  
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• YouTube millionaire Jamal Edwards backs website to help 'creative people' become entrepreneurs

  10-01-2016 23:08 via telegraph.feedsportal.com
  
  Founder of youth video channel will front Government-backed website aimed at encouraging "creative" types to start a business
  
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• Virtual reality tipped to break billion-dollar barrier in 2016

  10-01-2016 23:05 via telegraph.feedsportal.com
  
  Deloitte predicts $1bn in VR sales despite barriers to new technology becoming mainstream
  
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• Hailo makes £11.5m loss due to North American closures

  10-01-2016 23:05 via telegraph.feedsportal.com
  
  The taxi-hailing app doubled its losses in the wake of US and Canadian shutdown, despite rising revenues
  
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• Greek conservatives elect new leader to challenge PM Alexis Tsipras

  10-01-2016 23:02
  
  ATHENS, Jan 10 (Reuters) - Greek conservatives elected Kyriakos Mitsotakis as their new leader on Sunday, hoping he can revive their fortunes and challenge leftist Prime Minister Alexis Tsipras, still popular despite opting for austerity.
  
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• Japan's Asahi plans £2bn bid for Peroni and Grolsch beers

  10-01-2016 23:01 via telegraph.feedsportal.com
  
  Grolsch and Peroni are being off-loaded by Anheuser-Busch InBev, as part of its mammoth takeover of FTSE-100 brewer SAB Miller, dubbed "Megabrew"
  
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• Top public sector earners demanding even higher wages to compensate pension tax relief cuts

  10-01-2016 23:00 via telegraph.feedsportal.com
  
  Trade unions representing hundreds of thousands of workers including doctors, police officers, head teachers and civil servants demanding loopholes that would spare them the tax.
  
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• Britain is on the verge of an IT crisis

  10-01-2016 22:54 via telegraph.feedsportal.com
  
  Unless we address the chronic shortages in tech workers, our core industries will be in real trouble
  
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• Euribor accused due in court today

  10-01-2016 22:53 via telegraph.feedsportal.com
  
  Eleven bankers accused of manipulating a key financial lending rate are set to appear at Westminster Magistrates Court today
  
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• Markets battling 'tsunami' of negativity

  10-01-2016 22:48 via telegraph.feedsportal.com
  
  China is driving a "tsunami of negative psychology" that is keeping global markets down, a Wall Street analyst has warned
  
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• Mobile operators could be 'held to ransom' by farmers

  10-01-2016 22:42 via telegraph.feedsportal.com
  
  Landowners receiving income for hosting a mobile mast on their land could ramp up rents when an estimated 4,000 leases expire this year
  
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• Pessimism could take us one over the eight. Cheers!

  10-01-2016 22:33 via telegraph.feedsportal.com
  
  "The world could be going to hell in a handcart - but I believe it's unlikely"
  
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• Australian shares seen to extend losses, NZ stocks fall

  10-01-2016 22:28
  
  SYDNEY, Jan 11 (Reuters) - Australian shares are poised to extend losses on Monday, tracking a decline on Wall Street as concerns about China's slowing economy outweigh upbeat U.S. data. The local share price index futures fell 1.6 percent to 4,850.0, a 140.8-point discount to the underlying S&P/ASX 200 index .AXJO close on Friday. The benchmark fell for a sixth straight session on Friday, its worst start to a year on record. Falling prices of iron ore, the nation's top export earner
  
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• Uber's easy ride will get bumpier: so should we be hailing China?

  10-01-2016 22:09 via telegraph.feedsportal.com
  
  The UK could learn a thing or two from the cab market in China, where the real threat facing Uber is solid competition from within the market, not a set of rules imposed from above
  
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• Investors take a crack at boiled egg business

  10-01-2016 22:00
  
  When The Crackin’ Egg Co appeared on Dragons’ Den founder Rob Shaw left with no investment but this hasn’t broken his resolve to make his business a successThe humble hard-boiled egg took centre stage on prime-time television when Rob Shaw, co-founder of the Crackin’ Egg Co, pitched his reinvention of the lunch box staple on Dragons’ Den. Shaw, who runs the Yorkshire-based business with his wife Rachel, sells hard-boiled eggs coated in a brightly coloured outer laye
  
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• Britain's biggest supermarkets to reveal falling Christmas sales

  10-01-2016 20:52
  
  Discounters Aldi and Lidl increase presssure on ‘big four’ as Sainsbury’s seeks to take over Home Retail GroupBritain’s biggest supermarkets will reveal a slide in Christmas sales this week, underlining the pressure placed on the industry by changing shopping habits and the growth of discounters Aldi and Lidl.The grocery market will be in the spotlight as Sainsbury’s, Morrisons and Tesco report on their performance during the vital festive period. Sainsbury’s
  
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• The Guardian view on starter homes: stop them now | Editorial

  10-01-2016 20:27
  
  A policy supposed to spread house ownership more widely will end up bribing the rich with taxes on the poorAfter presiding over a housing crisis for five years, David Cameron is now giving it both metaphorical barrels. On Monday, he is launching a project to redevelop 100 of the worst estates in England. This is in response, he says, to the part bad housing plays in drug abuse, crime and family breakdown. The old, high-rise estates will be replaced, largely with private funding, with new low-ris
  
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• Australia bet the house on never-ending Chinese growth. It might not end well

  10-01-2016 20:15
  
  Assumptions about coal and iron ore exports helped build Australian prosperity. But with China’s economy threatening to unravel, a less rosy picture is emergingOver the last couple of decades, China has undergone profound change and is often cited as an economic growth miracle. Day by day, however, the evidence becomes increasingly clear the probability of a severe economic and financial downturn in China is on the cards. This is not good news at all for Australia. The country is heavily e
  
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• Cameron says would have to make EU exit work if public vote for it

  10-01-2016 20:12
  
  LONDON (Reuters) - It would not be the "right answer" for Britons to vote to leave the European Union, but the government will have to make it work if they do, Prime Minister David Cameron said on Sunday.
  
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• Andy Burnham calls for G4S to be stripped of youth prisons contract

  10-01-2016 19:51
  
  Shadow home secretary says company’s contracts within criminal justice system need to be reviewed after Panorama footage shows children being abusedThe shadow home secretary, Andy Burnham, has called for G4S to be stripped of its contract to run children’s prisons after seven members of staff were suspended following abuse claims at a youth offenders institution. Burnham has also called for a wide-ranging review of all the company’s contracts within the criminal justice system
  
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• Will 2016 mark the end of the phone number?

  10-01-2016 19:01
  
  The creators of Facebook’s Messenger app have made several predictions for the coming year – including doing away with with the time-honoured tradition of dialling with actual numbersAge: 127 yearsAppearance: Digity Continue reading...
  
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• Suspect in British actress murder to be extradited to Britain

  10-01-2016 18:54
  
  ACCRA (Reuters) - The fugitive partner of slain former EastEnders actress Sian Blake will be extradited to face criminal investigations in the United Kingdom from Ghana, where he was arrested on Saturday, Ghanaian police detectives said on Sunday.
  
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• The world's poor lose out as aid is diverted to the refugee crisis | Larry Elliott

  10-01-2016 18:44
  
  Donor countries are increasingly dipping into their aid budgets to deal with the migration crisisSweden is one of the most generous countries in the world when it comes to international aid. Along with other Scandinavian countries, it has given bounteously to less fortunate nations for many years. With a population of under 10 million, it also takes more than its fair share of asylum seekers - an estimated 190,000 last year, with a further 100,000 to 170,000 expected to arrive in 2016.This is pr
  
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• HTC CEO Cher Wang: "We had to rethink phones as a company. VR is more important."

  10-01-2016 18:37 via telegraph.feedsportal.com
  
  The struggling smartphone maker's CEO tells Madhumita Murgia what went wrong
  
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• Standard Chartered veteran Mike Rees set for £500k a year pension

  10-01-2016 17:49
  
  Departing deputy chief executive is the last remaining high-profile member of the previous management team The second-in-command at Standard Chartered stands to receive a pension worth almost £500,000 a year when he leaves the emerging markets-focused bank at the end of 2016.The departure of Mike Rees, the deputy chief executive and one of the highest paid bankers at Standard Chartered, was announced last week. He is the last remaining high-profile member of the previous management team, w
  
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• Britain abandons onshore wind just as new technology makes it cheap

  10-01-2016 17:42 via telegraph.feedsportal.com
  
  Vestas chief Runevad says UK rules shut out the latest hi-tech turbines, leaving Britain behind as the global wind boom spreads
  
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• AEP: Britain abandons onshore wind just as new technology makes it cheap

  10-01-2016 17:42 via telegraph.feedsportal.com
  
  Vestas chief Runevad says UK rules shut out the latest hi-tech turbines, leaving Britain behind as the global wind boom spreads
  
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• Burberry attracts the attention of short-sellers

  10-01-2016 17:24
  
  Ahead of the company’s Christmas trading update this week, around 6% of its shares are being shortedThe pressure is building on Burberry boss Christopher Bailey, one of the best-paid bosses in Britain, with hedge funds betting hundreds of millions of pounds on the luxury brand enduring a difficult year.The amount of Burberry shares being shorted – effectively a bet the share price will fall – has risen almost 40% in the last month ahead of the company’s Christmas trading
  
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• The innovators: the app promising the perfect-fitting bra

  10-01-2016 17:04
  
  Technology developed by Thirdlove, the San Francisco-based bra company, can work out the appropriate bra size for a woman using iPhone photos The idea of going bra shopping used to be a long way down Heidi Zak’s list of priorities.“The way that a woman normally gets fitted for a bra is that there is an older lady who is going to measure you with a measuring tape,” she explained. “A lot of women don’t feel comfortable with that process [and] don’t get measured
  
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• Driven to despair by dodgy car dealer

  10-01-2016 16:00 via feedproxy.google.com
  
  SECOND-HAND car dealer Kingswood Autos Ltd of Bristol and director Arthur Chigwaza. Remember their names. And if you are thinking of buying a vehicle from them, proceed with caution.
  
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• Rail union plans further strikes on London underground

  10-01-2016 15:51
  
  LONDON (Reuters) - A trade union representing drivers on London's underground rail network is expected on Monday to back further strike action in a long-running dispute over the introduction of night shifts, a spokesman said.
  
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• UK house price to crash as global asset prices unravel

  10-01-2016 15:19 via telegraph.feedsportal.com
  
  Asset prices around the world are collapsing as the global economy slows and UK housing will not escape
  
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• A volatile world is sending stock markets tumbling but don't panic

  10-01-2016 14:00
  
  You may feel like pulling your money out but most of the market’s 10 best days over the last 20 years have occurred within two weeks of the 10 worst daysThe Dow Jones Industrial Average is off to its weakest ever start to the year. In the first four trading days of 2016, the blue-chip index fell by more than 5%. If you want to know how long “ever” is, that would be since 1897 – or as long as records have been kept.Continue reading...
  
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• In 2016, let's hope for better trade agreements - and the death of TPP

  10-01-2016 13:36
  
  The Trans-Pacific Partnership may turn out to be the worst trade agreement in decadesLast year was a memorable one for the global economy. Not only was overall performance disappointing, but profound changes – both for better and for worse – occurred in the global economic system.Most notable was the Paris climate agreement reached last month. By itself, the agreement is far from enough to limit the increase in global warming to the target of 2ºC above the pre-industrial level.
  
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• Playboy mansion 'up for sale' for $200 million

  10-01-2016 13:11 via telegraph.feedsportal.com
  
  Ever wanted to be Hugh Hefner? Well, now you can live in his mansion if you hand over a couple of hundred million dollars
  
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• End of Playboy mansion parties as Hefner pad put up for sale for $200m

  10-01-2016 13:11 via telegraph.feedsportal.com
  
  Ever wanted to be Hugh Hefner? Well, now you can live in his mansion if you hand over a couple of hundred million dollars
  
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• VW emissions scandal set to overshadow Detroit Motor Show

  10-01-2016 13:00
  
  Volkwagen will showcase its new vehicles at the US’s largest car show on Monday in the face of the ongoing fallout from DieselgateOn Sunday night, as Detroit fills with auto journalists and car executives, Volkswagen will hold a media party at Fishbone’s, the Cajun-themed restaurant in the city’s Greektown neighbourhood. It’ll be the opening salvo in a PR offensive the German company will be hoping can finally turn the tide after arguably the worst year in its history.Thr
  
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• CES 2016: Are humans ready for the technology of tomorrow?

  10-01-2016 12:28 via telegraph.feedsportal.com
  
  The future is here, whether we want it or not. But will anyone buy it?
  
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• Flood clean-up promises silver lining for UK construction firms

  10-01-2016 11:16
  
  LONDON (Reuters) - Britain's wettest December in a century could herald brighter prospects for UK engineering and infrastructure stocks this year as companies bid for contracts to repair storm damage and boost the nation's flood defences.
  
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• Supermarket giants line up to show what they got for Christmas

  10-01-2016 10:00
  
  Trading results headed by Tesco, Sainsbury’s and Morrisons will show the bestsellers in the battle for seasonal customersWe had a taste of the posh end of the grocery trade last week with results from Marks & Spencer and Waitrose, but things go mainstream this week with Tesco, Sainsbury’s and Morrisons all reporting on Christmas trading.The trio have been battling for customers with each other, Walmart-owned Asda and German value chains Aldi and Lidl. Morrisons, which reports on
  
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• Sainsbury’s bidding for Argos does not seem to make sense, but when you look at it more closely…

  10-01-2016 10:00
  
  Chief executive Mike Coupe faces a tough task convincing his shareholders over a £1bn-plus deal, but it is in tune with 21st-century shopping habitsGenius or madness? That’s what one City analyst wondered when news of Sainsbury’s bid approach to Home Retail Group, owner of Argos and Homebase, broke last week. Madness – or, at the very least, an unnecessary distraction – concluded most observers.Isn’t Argos in mortal danger from the relentless march of Amazon?
  
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• As Britain courts Beijing, golf club rues Chinese takeover

  10-01-2016 09:12
  
  LONDON (Reuters) - London has been cosying up to Beijing in recent years in the hope of attracting Chinese investment, but in one leafy corner of England the love-in has turned to acrimony.
  
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• 'I paid £5,190 for a car on eBay - where is it?'

  10-01-2016 08:12 via telegraph.feedsportal.com
  
  When a father tries to buy his daughter a car via the auction website he is left more than £5,000 out of pocket
  
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• Mapped: how buy-to-let will lose money in 91pc of regions by 2021

  10-01-2016 08:04 via telegraph.feedsportal.com
  
  Buy-to-let is under threat from rising mortgage rates, new regulation and swingeing taxes. By region and city, this shows how quickly property investments could turn sour
  
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• Need a pension top-up? Start a low-cost online business in your 60s

  10-01-2016 08:03 via telegraph.feedsportal.com
  
  Retirees who can't afford to risk much, if any, of their capital, are starting web businesses to boost their income - with increasing success
  
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• Eric Idle: 'The BBC paid us £2,000 a series for Monty Python'

  10-01-2016 08:02 via telegraph.feedsportal.com
  
  The comedy actor pays tax in three countries but doesn't vote in any of them. He has never regretted leaving London for sunny Los Angeles
  
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• I booked first class for a third class Virgin trains experience

  10-01-2016 08:01
  
  It cost me £129 for a Virgin East Coast trip to Newcastle upon Tyne but the train was late, seat reservations were removed and there was no food or drinkI booked a first-class ticket and seat – for £129 – to travel in early January between Newcastle upon Tyne and London but the train was 50 minutes late. It was then complete chaos on board – all seat reservations were removed and passengers were sitting on the floor, even in first class. We were also told there was
  
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