Financial news

• Want an answer from HMRC? Better off writing a letter than using the phone, say accountants

  12-01-2016 23:00 via telegraph.feedsportal.com
  
  The Institute of Chartered Accountants in England and Wales' annual survey of its members found that of HMRC's 'service standards' remained 'below an acceptable level'
  
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• Growth is slowing at Aldi's older UK stores

  12-01-2016 21:27 via telegraph.feedsportal.com
  
  Sales are rising at Aldi and Lidl, but growth is tailing off at their older UK stores
  
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• Not even Nevsky knows how bad things will get - or for how long

  12-01-2016 21:19 via telegraph.feedsportal.com
  
  The decision by Nevsky Capital, a London-based hedge fund, to close down shows that the global economy is simply a mystery at the moment
  
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• City news: Greggs, Pound sinks to six-year low, BP axe jobs and Debenham's festive season

  12-01-2016 21:11 via feedproxy.google.com
  
  GREGGS is adding a “flat white” and improved mocha to its coffee range as soaring demand for takeout breakfasts helped it serve up 5.2 per cent higher annual sales.
  
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• After eight years, Iceland reimburses Britain for Icesave collapse

  12-01-2016 20:35 via telegraph.feedsportal.com
  
  The final instalment, paid earlier this week, totalled £374m
  
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• Lego fined for stopping stores giving customers discounts on its sets

  12-01-2016 20:15 via telegraph.feedsportal.com
  
  The Danish toy company threatened shops that sought to lower their retail prices
  
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• Russia nationalises major bank in Crimea

  12-01-2016 20:03 via telegraph.feedsportal.com
  
  RNKB says it is now 100pc-owned by Russia's federal state property agency
  
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• Questor share tip: Greggs shares tumble 14pc as growth slows

  12-01-2016 19:32 via telegraph.feedsportal.com
  
  The baker and sandwich maker suffered a fierce sell-off as fourth quarter trading disappointed, but Questor thinks the long term prospects remain good
  
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• George Osborne's new tax guru apologises for her bank lobbying job

  12-01-2016 19:31 via telegraph.feedsportal.com
  
  Angela Knight, who led the British Bankers' Association until 2012, said she was sorry the banks brought about a financial crisis
  
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• Vodafone signs £75m deal with Scottish Power to connect cables to a 'smart grid'

  12-01-2016 19:25 via telegraph.feedsportal.com
  
  Telecoms giant will run hi-tech network as part of Scottish Power's £6bn investment in modernising electricity supply
  
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• UK financial services coup for Dentons - CDR News Magazine (press release)

  12-01-2016 19:21
  CDR News Magazine (press release)
  UK financial services coup for Dentons
  CDR News Magazine (press release)
  Dentons acquires a leading UK financial disputes team, a move which considerably increases its UK banking litigation capabilities at a time of significant growth for the firm internationally. Dentons has hired a 45-lawyer financial disputes team from ...
  

• Oil could crash to $10 a barrel, warn investment bank bears

  12-01-2016 19:00 via telegraph.feedsportal.com
  
  Petrol prices could fall back to levels last seen in 2009 in a $10-a-barrel world as major banks say there is no bottom in sight for the world's lopsided market
  
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• Britain's recovery is not driven by debt, says Mark Carney

  12-01-2016 19:00 via telegraph.feedsportal.com
  
  Governor of the Bank of England rings warning over rising household debt but says it only poses an "indirect" threat to the UK economy
  
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• Queen's niece stops plans for neighbour's "alarming" iceberg basement

  12-01-2016 18:58 via telegraph.feedsportal.com
  
  Lady Sarah Chatto successfully appealed against a planning application to build what she said was a "poorly conceived" basement
  
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• Guy Hands axes dividend as staff wages fall at Terra Firma

  12-01-2016 18:58 via telegraph.feedsportal.com
  
  Terra Firma, which owns Odeon cinemas and care homes operator Four Seasons, sees profits dip to a three-year low
  
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• BHP Billiton tumbles amid fears of dividend cut

  12-01-2016 18:46 via telegraph.feedsportal.com
  
  Shares in BHP Billiton faltered after two banks downgraded the stock, while the FTSE 100 stabilised after a torrid new year start.
  
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• BHP Billiton tumbles amid calls to half dividend

  12-01-2016 18:46 via telegraph.feedsportal.com
  
  Shares in BHP Billiton faltered after two banks downgraded the stock, while the FTSE 100 stabilised after a torrid new year start.
  
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• The middle class is in for a tax shock as George Osborne tries to hit his budget target

  12-01-2016 18:43 via telegraph.feedsportal.com
  
  At the Treasury, the continued challenge of the public finances is causing consternation bordering on despair
  
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• Gym Group considered buying rival Soho Gyms

  12-01-2016 18:41 via telegraph.feedsportal.com
  
  John Treharne, founder of The Gym Group, said his company looked at Soho Gyms but decided against making an offer
  
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• Cineworld reports big box office boost but slips on over-inflated expectations

  12-01-2016 18:41 via telegraph.feedsportal.com
  
  Bond and Star Wars do the business for multiplex chain but others grow faster
  
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• Free £150? The banks offering new customers the best rewards

  12-01-2016 17:58 via feedproxy.google.com
  
  BANKS are offering new customers ever more lucrative rewards meaning those who are feeling the January pinch can cash in
  
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• MetLife calls for light touch UK financial advice regulation - International Adviser

  12-01-2016 17:47
  International Adviser
  MetLife calls for light touch UK financial advice regulation
  International Adviser
  Insurance giant MetLife has weighed into the debate over the financial advice gap in the UK, arguing its research shows the cost of providing advice is stopping advisers expanding to offer their services to mass market. Print · MetLife calls for light ...en meer »
  

• Pensions warning: Oil price crash and 'cataclysmic' market chaos to hit retirees hard

  12-01-2016 17:23 via feedproxy.google.com
  
  BRITISH pensions are set to suffer huge hits in the months ahead, as oil prices are expected to crash further to create market carnage, experts have warned.
  
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• Regulatory Rigour Awaits Financial Services Firms In 2016 - Mondaq News Alerts (registration)

  12-01-2016 16:45
  Regulatory Rigour Awaits Financial Services Firms In 2016
  Mondaq News Alerts (registration)
  Three regulatory trends stood out in 2015. Firstly, the political mood changed: the European Union (EU) shifted its agenda towards jobs and growth and the "tone from the top" of the UK's regulatory authorities shifted considerably. Progress was also ...
  

• Traditional TV viewing is over: YouTube habit is permanent, warn researchers

  12-01-2016 16:23 via telegraph.feedsportal.com
  
  Major shift in viewing patterns persists after so-called millenials get their own home and have kids
  
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• McDonald's hit by allegations it abuses dominant position

  12-01-2016 16:22 via telegraph.feedsportal.com
  
  A complaint has been filed with the European Commission alleging the fast-food giant imposes anti-competitive contracts on franchisees
  
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• Skyscanner lands 'unicorn' status with major funding round

  12-01-2016 16:04 via telegraph.feedsportal.com
  
  The Edinburgh-based travel website has raised £128m to accelerate its global growth and capture more of the £332bn online travel market
  
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• HSBC will probably stay in London, says top investor

  12-01-2016 15:58 via telegraph.feedsportal.com
  
  Aberdeen boss Martin Gilbert expects the bank to decide against a move to Asia
  
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• Lotus on the road to recovery as losses narrow

  12-01-2016 15:47 via telegraph.feedsportal.com
  
  Success of Exige sports car lifts Lotus's sales performance and gets the company close to profitabgility after years of losses
  
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• Starbucks speeds up expansion in China

  12-01-2016 14:58 via telegraph.feedsportal.com
  
  Investors may be concerned about the health of the Chinese economy, but the Seattle-based coffee giant is undeterred and plans to open 500 stores in the country this year
  
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• Cadbury loses more than £6m in Creme Egg sales after changing recipe

  12-01-2016 14:46 via telegraph.feedsportal.com
  
  Company suffers multi-million pound losses after sparking storm of protest across Britain by replacing Dairy Milk in recipe with cheaper chocolate
  
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• How David Bowie changed the financial world - The Week UK

  12-01-2016 14:04
  The Week UK
  How David Bowie changed the financial world
  The Week UK
  Much has been written about the wide-ranging influence of music legend David Bowie following the shock news of his death yesterday. See related. David Bowie, 'master of reinvention', dies aged 69. But alongside the artists telling how they were ...en meer »
  

• Sainsbury's, Aldi and Lidl win supermarket Christmas sales war

  12-01-2016 14:01 via feedproxy.google.com
  
  SAINSBURY’S, Aldi and Lidl have been crowned the best performing supermarkets over the Christmas sales period – with some surprising results.
  
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• Morrisons to close yet MORE supermarkets – will yours be safe?

  12-01-2016 13:51 via feedproxy.google.com
  
  SUPERMARKET giant Morrisons is set to close another seven stores putting 680 jobs at risk as it tries to get a grip on its slumping profits.
  
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• Gay dating app Grindr hooks up with Chinese tech firm

  12-01-2016 13:49 via telegraph.feedsportal.com
  
  The global app for gay matchmaking has raised £64m by selling a controlling stake to Beijing Kunlun Tech Company
  
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• How low can it go? Oil could crash to $10 a barrel, warn investment bank bears

  12-01-2016 13:45 via telegraph.feedsportal.com
  
  Oil resumes sell off, falling to $30-a-barrel as major banks say there is no bottom in sight for the world's lopsided market
  
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• BP to cut 4,000 jobs in exploration and production as oil price bites

  12-01-2016 13:36 via telegraph.feedsportal.com
  
  Employees in Scotland are bracing themselves as the company anounces 600 jobs will go in its North Sea operations
  
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• Pound plunges to five-year low on 'rubbish' UK manufacturing performance

  12-01-2016 13:27 via telegraph.feedsportal.com
  
  No change to 'dire' performance in UK's manufacturing sector
  
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• Car insurance con: buying at the last minute costs £326 more

  12-01-2016 13:14 via telegraph.feedsportal.com
  
  Insurers cash in on drivers who apply at the last minute by raising their premiums. The 'cheapest' time to buy cover is three weeks before you need it to start
  
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• Virgin Money hires new directors from rival banks

  12-01-2016 13:06 via telegraph.feedsportal.com
  
  RBS and Tesco Bank executives will join the challenger bank
  
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• Happier with a hoover? AO World sells thousands as Christmas gifts

  12-01-2016 13:02 via telegraph.feedsportal.com
  
  Online retailer posts a 35pc rise in sales over the last three months, as white goods change hands at Christmas
  
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• Cadbury Creme Egg hammered by £6m sales drop after unpopular recipe change

  12-01-2016 12:35 via feedproxy.google.com
  
  BRITONS have voted with their feet - and wallets - to protest Cadbury's Creme Eggs recipe changes made after the chocolatier was taken over by an American-based firm.
  
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• Airbus wins sales battle with Boeing but lags behind in deliveries

  12-01-2016 12:18 via telegraph.feedsportal.com
  
  Airbus takes orders for more than a 1,000 jets but dismisses concerns about a slowdown in demand
  
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• Unilever to open up shop in Cuba in 2017

  12-01-2016 11:20 via telegraph.feedsportal.com
  
  The Anglo-Dutch company is returning to Cuba as relations between the Communist regime and the West continue to thaw
  
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• My five investment resolutions for 2016

  12-01-2016 11:08 via telegraph.feedsportal.com
  
  This is what I'm doing to get my investments in shape for what promises to be a difficult year
  
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• Pound plunges to five-year low as manufacturing performance is worse than expected

  12-01-2016 10:59 via telegraph.feedsportal.com
  
  No change to "dire" performance in UK's manufacturing sector
  
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• Winter flood claims set to hit £140m at Direct Line

  12-01-2016 10:32 via telegraph.feedsportal.com
  
  One of Britain's biggest insurers said weather damage is around £35m higher than in a normal year
  
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• Just Eat delivers tasty sales growth

  12-01-2016 10:30 via telegraph.feedsportal.com
  
  The delivery service company says like-for-like sales grew 46pc
  
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• Just Eat delivers tasty order growth

  12-01-2016 10:30 via telegraph.feedsportal.com
  
  The delivery service company says like-for-like sales grew 46pc
  
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• Boohoo is all smiles with surge in sales

  12-01-2016 10:07 via telegraph.feedsportal.com
  
  Online retailer has beaten City forecasts with a 45pc jump in sales after it cut prices to lure more shoppers
  
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