Financial news

• Britain's Brexit tantrum grates in a brittle world but the die is cast

  13-01-2016 22:01 via telegraph.feedsportal.com
  
  Declassified US intelligence files show that Washington funded the EU project for decades, but the US would adapt to a post-Brexit UK
  
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• Hens culled after bird flu strain found on Scottish farm

  13-01-2016 21:37
  
  EDINBURGH (Reuters) - The Scottish government has ordered a cull of tens of thousands of hens after a mild strain of H5N1, or bird flu, was identified on a farm in Fife, it said on Wednesday.
  
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• Mike Coupe seems to be comparing apples with oranges

  13-01-2016 21:32 via telegraph.feedsportal.com
  
  It is laughable to suggest that Argos's distribution network, for all its shiny vans and iPads, is purpose built for Sainsbury's
  
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• Home Retail Group aims to sell Homebase to Australia's Wesfarmers

  13-01-2016 21:11
  Proposed disposal of DIY chain could boost Sainsbury’s hopes of acquiring Argos, also owned by HRGHome Retail Group is in advanced talks to sell its Homebase DIY and home furnishings business to Australian conglomerate Wesfarmers for £340m.The deal, which could be announced as early as this week, could help clear the way for Sainsbury’s to buy Home Retail’s Argos chain.Continue reading...
  
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• Home Retail in £340m talks to sell Homebase to Australia's Wesfarmers

  13-01-2016 21:04 via telegraph.feedsportal.com
  
  Sale of DIY chain clears the path for Sainbury's return bid for Argos
  
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• Scientist argues her case for UK licence to 'edit' human embryos

  13-01-2016 21:00
  
  LONDON (Reuters) - A scientist set out her argument on Wednesday for being given a British licence to conduct controversial experiments which would alter the DNA of human embryos.
  
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• Solicitors welcome investigation into cost and quality of UK legal services

  13-01-2016 20:53
  
  Competition and Markets Authority will assess affordability of sector as well as impact of profession’s unwieldy regulatory frameworkAn investigation into “longstanding concerns about the affordability” and quality of legal services has been launched by the Competition and Markets Authority (CMA).The Law Society, which represents more than 130,000 solicitors in England and Wales, welcomed the review on the grounds that its members were overregulated compared with rival new entr
  
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• On balance, companies would rather not show debt

  13-01-2016 20:52 via telegraph.feedsportal.com
  
  New rules are designed to ensure that investors have a more accurate picture of what a company's liabilities really are
  
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• Sports Direct investor Crispin Odey ups stake to 5pc on back of share price fall

  13-01-2016 20:51 via telegraph.feedsportal.com
  
  Just days after confirming he has sold down majority of his investment in the retailer, Crispin Odey will confirm he is again among the retailer's biggest shareholders
  
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• How to protect your money, privacy and yourself if you win Powerball

  13-01-2016 20:42
  
  Several people beat the long odds to win the record $1.5bn jackpot. What should they do next? The first and most important step – sign your ticket I simply couldn’t resist. With some $1.5b n at stake, I have succumbed to the Powerball mania sweeping the country, and purchased five random sets of numbers. This, even though I know my chances of winning are roughly equivalent to those of being hit by a thunderbolt hurled by Zeus on Olympus while dancing a jig with an Irish leprechaun.I
  
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• Imperial War Museum loses battle to bring down rates bill

  13-01-2016 20:00 via telegraph.feedsportal.com
  
  The national attraction's rates have soared by twelve times
  
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• Electricity firm retracts compensation pledge after Storm Desmond power cuts

  13-01-2016 19:55
  
  Electricity North West says no payments will be made, having encouraged customers to apply for compensationAn electricity company has reneged on a promise to compensate tens of thousands of households in Lancashire and Cumbria after three-day power cuts following Storm Desmond in December.About 55,000 properties in Lancaster and the surrounding area lost power at 11pm on Saturday 5 December after flood defences protecting an electricity substation were breached. Power was not fully restored unti
  
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• 'Steel industry is in hell' and the pain shows no sign of letting up

  13-01-2016 19:27 via telegraph.feedsportal.com
  
  Crisis in UK steel may continue for years, says analyst in comprehensive note highlighting China's massive over-capacity
  
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• BP to be sued in UK by families of Algerian gas plant attack victims

  13-01-2016 19:25
  
  LONDON (Reuters) - The families of two BP employees killed in the 2013 In Amenas gas plant attack in Algeria have filed a lawsuit in London's High Court against the company, accusing it of failing to take reasonable steps to protect its workers.
  
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• Is your boss spying on you? – take our test

  13-01-2016 19:24
  
  Employees at the Daily Telegraph this week were shocked to discover heat and movement sensors under their desks. Meanwhile a new ruling in Europe allows companies to monitor their staff’s instant messages. Are you being watched?Arriving at work on Monday morning, staff at the Daily Telegraph were surprised to find that strange black boxes had been installed beneath their desks. A quick Google revealed that each device, which was marked with the word OccupEye, would detect heat and movement
  
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• The UK's most expensive studio flat could be yours... for £1.175m

  13-01-2016 19:20 via telegraph.feedsportal.com
  
  The apartment in London's Knightsbridge comes complete with a loft bed and is smaller than a Tube carriage
  
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• Robot lawyer can help you claim compensation without legal fees

  13-01-2016 19:14 via telegraph.feedsportal.com
  
  Student entrepreneur who created donotpay.co.uk has launched automated lawyer to help people challenge unfair fines
  
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• Channel 4 chairman issues last-ditch plea against privatisation

  13-01-2016 18:58 via telegraph.feedsportal.com
  
  Former Treasury mandarin Lord Burns details debt model to preserve non-profit status
  
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• Questor share tip: Fenner is 'broken record' on profit warnings

  13-01-2016 18:57 via telegraph.feedsportal.com
  
  The mining services group issues another profit warning and the shares hold little attraction, says Questor
  
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• 'Is it worth keeping a £30k cash Isa when I can get higher returns for a non-Isa bond?'

  13-01-2016 18:52 via telegraph.feedsportal.com
  
  Disappointed with her current Isa rate, this reader wants to know if she'd benefit from a savings bond
  
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• Questor share tip: Sell TalkTalk shares ahead of difficult year

  13-01-2016 18:47 via telegraph.feedsportal.com
  
  The low-cost provider of mobile, broadband and TV faces the toughest 12 months of its listed life as price war heats up, says Questor
  
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• Shares in Lloyds fall on 'increasingly bleak' outlook

  13-01-2016 18:25 via telegraph.feedsportal.com
  
  Lloyds Banking Group suffered a rating downgrade, while the FTSE 100 enjoyed a brief relief rally
  
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• Impending financial crisis will destroy Eurozone – City strategist - RT

  13-01-2016 18:05
  RT
  Impending financial crisis will destroy Eurozone – City strategist
  RT
  The global economy is heading for financial a crisis as crushing as the 2008/09 collapse, which could be “very ugly” and foreshadow the end of the Eurozone, one of London's senior financial analysts has warned. Speaking at an investment conference in ...en meer »
  

• Women's state pension petition wins parliamentary debate

  13-01-2016 18:00
  
  Campaigners against planned age changes continue to put pressure on government
  The government is likely to come under increasing pressure to provide a better deal for women affected by changes to the state pension system after campaigners succeeded in securing a fresh parliamentary debate.There have been growing calls for ministers to take action following claims that several hundred thousand women born in the 1950s have had their retirement plans “shattered” by state pension age inc
  
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• A fair deal for renters? Not under this Tory government | Hannah Williams

  13-01-2016 17:55
  
  The repeated voting down of plans to ensure accommodation is fit for human habitation tells you everything you need to know about tenants’ rights todayOn Tuesday Tory MPs voted down proposed new rules that would have compelled private landlords to ensure their properties are fit for human habitation. Like many, I am disappointed by the wilful, almost spiteful, move to keep renters living without the safeguards one would think are reasonable in Britain in 2016. What I am not, however, is re
  
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• Create 'European Ofcom' to avoid mobile market rip-offs, policymakers say

  13-01-2016 17:35 via telegraph.feedsportal.com
  
  Proposed watchdog would monitor 'mobile monopolies' as EU steps in to stem telecoms mergers
  
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• AB InBev to raise at least $25bn from blockbuster bond sale

  13-01-2016 17:33 via telegraph.feedsportal.com
  
  The brewer is embarking on what will be one of the biggest-ever bond sales to help finance its takeover of SABMiller
  
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• AB InBev to raise $46bn from blockbuster bond sale

  13-01-2016 17:33 via telegraph.feedsportal.com
  
  The brewer is embarking on what will be one of the biggest-ever bond sales to help finance its takeover of SABMiller
  
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• Premier Oil to swallow Eon's UK North Sea assets for £120m

  13-01-2016 17:22 via telegraph.feedsportal.com
  
  The oil producer picks up chunks of five oilfields from the German energy giant
  
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• Tax experts: HMRC clampdown could be unfair to elderly expats

  13-01-2016 17:20 via telegraph.feedsportal.com
  
  Tough new measures targeting those who have not played by the tax rules have been criticised by a leading professional body concerned with taxation
  
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• Exposed: How Vodafone is messing up customers' bills

  13-01-2016 17:18 via telegraph.feedsportal.com
  
  Could a major systems overhaul be to blame for the telecoms giant's billing bungles?
  
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• Sainsbury's not prepared to pay 'any price' for Home Retail

  13-01-2016 17:15 via telegraph.feedsportal.com
  
  The supermarket has said a takeover of the Argos owner is strategically compelling but refuses to comment on the future of Homebase
  
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• Horseracing dismisses levy offer made by Coral

  13-01-2016 16:26 via telegraph.feedsportal.com
  
  The boss of the British Horseracing Authority said a levy deal proposed by Gala Coral was not strong enough for the industry to enter talks with bookies
  
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• Juice for £594 or a daily diet pack for £65: the rising cost of dieting

  13-01-2016 16:05 via telegraph.feedsportal.com
  
  £600 juices? A detox pack for £145? A food delivery service for almost £4,000? Getting into shape is a costly business
  
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• Banks charge small firms extra £4bn on top of standard fees for money transfers

  13-01-2016 16:02 via telegraph.feedsportal.com
  
  New report slams lack of transparency over the spreads added to foreign currency deals
  
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• Where next for UK and US interest rates? - Financial Director

  13-01-2016 15:35
  Financial Director
  Where next for UK and US interest rates?
  Financial Director
  IT has been a turbulent start to the New Year for the global economy and financial markets. Falls in the Chinese stock market hit share prices worldwide. The oil price has continued to drop, and tension between Saudi Arabia and Iran are rising ...
  

• Bike booster pack turns your ordinary bicycle into a supercycle

  13-01-2016 14:45 via telegraph.feedsportal.com
  
  The gadget that designer Sebastian Conran said turns "Notting Hill into Nothing Hill"
  
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• General Electric slashing up to 600 UK roles as jobs cull begins following Alstom deal

  13-01-2016 14:26 via telegraph.feedsportal.com
  
  GE's acquisition of Alstom's power businesses will result in 6,500 jobs cut across Europe, with reports that up to 600 positions could go in Britain
  
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• The PRA Publishes Guidance On Financial Conglomerate Waivers - Mondaq News Alerts (registration)

  13-01-2016 14:04
  The PRA Publishes Guidance On Financial Conglomerate Waivers
  Mondaq News Alerts (registration)
  On January 4, the Prudential Regulation Authority ("PRA") published guidance on the application and supplementary forms that should be submitted by firms requesting a Financial Groups Directive waiver. The Financial Groups Directive supplements ...en meer »
  

• Revealed: the best employers to work for in the UK

  13-01-2016 14:04 via telegraph.feedsportal.com
  
  Employees at 1,600 companies were asked about their job satisfaction, particularly whether they would recommend their workplace to a potential new recruit
  
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• Barratt buoyed by housing schemes for first-time buyers

  13-01-2016 14:01
  
  Britain’s biggest housebuilder and smaller rival Galliford Try report confident outlook thanks to government-backed schemes such as help to buyGovernment initiatives to help first-time buyers such as the extension of help to buy and the new starter homes scheme are fuelling optimism at Barratt Developments, Britain’s biggest housebuilder, and its smaller rival Galliford Try.Barratt built and sold 7,626 properties in the six months to 31 December, up 9.4% from a year ago, and expects
  
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• SocGen: brace for a 2008-style crash and US stocks to fall by 75pc

  13-01-2016 13:58 via telegraph.feedsportal.com
  
  Notorious "uber bear" Albert Edwards warns that the world is about to "reap the whirlwind" of the US Fed's quantitative easing
  
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• Notorious 'uber bear' Albert Edwards warns world is headed for another 2008 crash

  13-01-2016 13:58 via telegraph.feedsportal.com
  
  Societe Generale analyst warns that US stocks will lose nearly 75pc of their value
  
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• Sports Direct boosts stakes in US-based Iconix and Dick's Sporting Goods

  13-01-2016 13:21 via telegraph.feedsportal.com
  
  Mike Ashley-owned retailer increases stake in Umbro owner and takes a stake in Dick's Sporting Goods
  
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• Bankers' bonuses to come with strings attached even if they move companies

  13-01-2016 13:16 via telegraph.feedsportal.com
  
  Bank of England wants to end 'buy-outs' that prevent former employers from clawing back pay
  
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• Tullow axes spending in face of oil price doldrums

  13-01-2016 13:10 via telegraph.feedsportal.com
  
  The FTSE 250 oil explorer announces project off Ghana is on track to begin producing in the summer
  
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• How balance transfer credit cards can cost you more

  13-01-2016 13:08 via telegraph.feedsportal.com
  
  There are many long-term balance transfer credit cards available, but watch out for the tactics that issuers use to get you to pay interest earlier than you expected
  
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• John Menzies chief quits 15 months into the job

  13-01-2016 13:00 via telegraph.feedsportal.com
  
  Shares in aviation services and distribution company John Menzies jump as boss Jeremy Stafford resigns
  
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• Stocks rally and oil rises on signs Chinese exports are in better shape than feared

  13-01-2016 12:54 via telegraph.feedsportal.com
  
  Somewhat brighter trade data offers financial markets temporary relief
  
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• Contrarian investor: 'I am buying miners and selling housebuilders'

  13-01-2016 12:36 via telegraph.feedsportal.com
  
  Laura Foll, co-manager of the Henderson UK Equity Income & Growth fund, has tipped embattled miners to be 'big dividend payers' in three years' time
  
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