Financial news

• Port Talbot to axe 1,000 steel jobs

  16-01-2016 20:54 via telegraph.feedsportal.com
  
  Tata to cut a quarter of its workforce at Welsh plant as crisis engulfing UK steel industry deepens
  
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• Irish explorer racing to stay afloat amid oil price rout

  16-01-2016 20:54 via telegraph.feedsportal.com
  
  Oil and gas explorer threatens to run out of cash amid the spiralling oil price
  
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• Ex-Barclays boss Agius: banks should have freedom to take risks

  16-01-2016 20:54 via telegraph.feedsportal.com
  
  Former bank boss warns that British economy could be at risk if banks are too tightly controlled
  
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• BAE in Rolls-Royce merger? Let's not go there

  16-01-2016 20:50 via telegraph.feedsportal.com
  
  Other than head office duplication, there would be little additional potential for cost-cutting
  
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• Jeremy Corbyn warns big business over low pay, wage gap

  16-01-2016 20:48
  
  LONDON (Reuters) - British opposition leader Jeremy Corbyn said on Saturday he would stop big companies from distributing dividends unless they paid their workers the living wage as part of his proposals to promote fairer working conditions.
  
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• The drip-drip of oil explorer casualties is only just beginning

  16-01-2016 20:45 via telegraph.feedsportal.com
  
  The oil crash is potentially ruinous for explorers
  
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• Family owners of Argus Media in line for £500m payout from sale

  16-01-2016 20:43 via telegraph.feedsportal.com
  
  At least nine members of the Nasmyth family own around 50pc of Argus Media
  
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• Marcus Agius: Former Barclays chairman has overseen Carlyle's $1bn backing of PA Consulting

  16-01-2016 20:39 via telegraph.feedsportal.com
  
  This master of reinvention may be entering his final act, but he is not going to do so quietly
  
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• Camden Town Brewery loans boss £2,000 for birthday party

  16-01-2016 20:32 via telegraph.feedsportal.com
  
  Jasper Cuppaidge, founder of the craft beer business, took a loan from his company before its sale to AB InBev
  
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• Global slump 'will force UK factories into deeper recession'

  16-01-2016 20:28 via telegraph.feedsportal.com
  
  Manufacturers expected to cut investment as oil prices head towards $20 a barrel mark
  
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• Sports Direct investor voices concern about relationship with Nike

  16-01-2016 20:26 via telegraph.feedsportal.com
  
  Sports Direct's investors have become even more spooked after JD Sports upbeat trading highlighted issues at the Mike Ashley owned retailer
  
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• Pearson chief Fallon faces crunch over US upheaval

  16-01-2016 20:26 via telegraph.feedsportal.com
  
  Education giant prepares for vital trading update with City braced for more bad news
  
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• Mystery investors look to throw luxury boatmaker a lifeline

  16-01-2016 20:26 via telegraph.feedsportal.com
  
  Fairline is negotiating with a buyer, thought to be a foreign boatbuilder or private equity
  
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• Equistone takes £100m bite of Gaucho chain

  16-01-2016 20:26 via telegraph.feedsportal.com
  
  Equistone buys a majority stake in Argentinian steak restaurant - its second time round owning the company
  
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• Christmas greetings cheer sales at Paperchase

  16-01-2016 20:26 via telegraph.feedsportal.com
  
  The stationery chain is targeting opening standalone US stores later this year
  
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• Canadian funds eye stake in National Grid network

  16-01-2016 20:26 via telegraph.feedsportal.com
  
  Ontario Teachers' Pension Plan and Borealis have held early discusssions about a potential consortium approach for the business
  
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• Terry Smith's fund manager pays £14m to partners after bumper year

  16-01-2016 20:25 via telegraph.feedsportal.com
  
  Fundsmith has produced average returns of 17pc a year
  
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• Duke of York invites biotech start-ups to pitch to investors

  16-01-2016 20:25 via telegraph.feedsportal.com
  
  Pitch@Palace is back with its 5.0 event
  
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• Come the next industrial revolution, we shall be primed, ready and waiting

  16-01-2016 17:59 via telegraph.feedsportal.com
  
  Individuals must be equipped to adapt and learn skills that can be applied as their occupations evolve
  
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• Help for investors unfamiliar with Zen-like calmness

  16-01-2016 17:56 via telegraph.feedsportal.com
  
  We need to find the stomach if we are to capture the remarkable returns of the stock market over time
  
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• Storm clouds gather again as Obama prepares to leave

  16-01-2016 17:54 via telegraph.feedsportal.com
  
  American commentators relentlessly push a 'China-led slowdown' narrative, but the US is a relatively insulated economy
  
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• Davos must confront a world at a tipping point

  16-01-2016 16:32 via telegraph.feedsportal.com
  
  The founder of the World Economic Forum says global leaders need to adapt to ever-faster change
  
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• Don't fear the oil price crash - unless it heralds the beginning of a global downturn

  16-01-2016 16:23 via telegraph.feedsportal.com
  
  Cheaper oil should provide a massive stimulus to the global economy, unless the commodity is getting cheaper for the wrong reasons
  
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• French media baron out to conquer UK

  16-01-2016 15:57 via telegraph.feedsportal.com
  
  Vincent Bolloré is making waves as a hands-on media boss
  
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• Ceramic pill, invented in Stoke, could help US government reduce painkiller addiction rate

  16-01-2016 14:47 via telegraph.feedsportal.com
  
  This Staffordshire business no longer makes tabletop ceramics, its focus is on hi-tech products to solve big societal issues
  
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• The Big Short gives a rare peek at City life

  16-01-2016 14:46 via telegraph.feedsportal.com
  
  A new film on the 2008 crisis adds a dash of glitz to the details of short-selling
  
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• BT and EE in customer service set-back as £12.5bn deal is cleared

  16-01-2016 11:32 via telegraph.feedsportal.com
  
  BT and EE merger is approved as Ofcom research unveils poor customer service ratings
  
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• Blue Monday remedy: Attack your finances in this order - and save £16,833

  16-01-2016 10:02 via telegraph.feedsportal.com
  
  Spring clean your finances in this order, following this plan, and you'll save the maximum cash in the least possible time
  
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• Attack your finances in this order - and save £16,833

  16-01-2016 10:02 via telegraph.feedsportal.com
  
  Cheer yourself up ahead of 'Blue Monday', spring clean your finances in this order, and you'll save the most in the least possible time
  
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• Could we become like the topsy-turvy Swiss, where tax authorities ask NOT to be paid?

  16-01-2016 09:23 via telegraph.feedsportal.com
  
  Negative interest rates in Switzerland have turned everyday financial processes upside down. Could it happen here?
  
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• David Cameron's £10,000 mortgage deposit claim put to the test

  16-01-2016 09:17 via telegraph.feedsportal.com
  
  In PMQs, the Prime Minister claimed that only £10,000 is needed for a deposit on a typical home. Telegraph Money provides a fact check
  
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• Why a boom in leasehold flats - for young and old - is causing concern

  16-01-2016 08:01 via telegraph.feedsportal.com
  
  Figures obtained by the Telegraph show a leap in the proportion of leasehold properties - which could be a problem
  
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• From banning cash to reversing pensions freedom: the best of 'the Money Lab'

  16-01-2016 08:01 via telegraph.feedsportal.com
  
  Over the past nine months the Money Lab has offered a forum for radical new ideas for improving the financial landscape. Here is a selection
  
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• Welcome to the great home insurance swindle

  16-01-2016 08:00
  
  We have recently been highlighting how loyal insurance consumers are hit with outrageous premium rises – and your response has been huge. Here are just a few examples showing how insurers see unsuspecting older people as fair game
  There can be no argument that the home insurance industry is engaged in the cynical exploitation of elderly customers, writes Patrick Collinson.The evidence is overwhelming – just look at the letters below. As is the fact that every company – mutual,
  
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• Is freelance office space the best option for self-employed workers?

  16-01-2016 08:00
  
  I’m new to the freelance game and wonder if a shared office might be better than building one in my gardenEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• Eat, swipe and leave – the new smartphone apps for diners

  16-01-2016 08:00
  
  A host of new apps let you pay for your meal on your phone and take the stress out of splitting billsThe “air signature” gesture used by diners to get the bill could soon disappear as a raft of smartphone apps promise a “pay-at-table” revolution.Depending on which research you believe, it takes diners 10-12 minutes from deciding they want the bill to leaving. But pay-at-table apps reduce this to just a few seconds. Continue reading...
  
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• Carphone Warehouse let my 15-year-old daughter spend £700 on Christmas gift

  16-01-2016 08:00
  
  She bought me an over-the-top present of a Samsung phone and I am having trouble returning itIn a rather over-zealous act of generosity my 15-year-old daughter decided she would buy me a new £700 Samsung mobile phone for Christmas. After being rejected by Carphone Warehouse’s Westfield store for a lack of ID, she went to the Hayes branch, where they served her and took £700 cash. This was, in my view, a completely inappropriately over-the-top present. She’d been given the
  
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• Brexit a 'nightmare scenario' for UK food and drink business

  16-01-2016 08:00
  
  The UK’s food and drink firms would have to meet EU food laws to export but have no power to influence those rules, says analyst Kate TrollopeBrexit could create a nightmare scenario for Britain’s food and drink industry, where companies have to abide by EU food regulations if they want to export to the EU but have no say over the regulations.
  As David Cameron starts negotiations with 27 member states over reform, nothing has been discussed about what trade relationship Britain would
  
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• Borrowers: watch out for Blue Monday … and take steps to get out of the red

  16-01-2016 08:00
  
  It’s that time of year when the Christmas credit card spending hits home. We look at the ways you can limit your exposure to high costsThis coming Monday is said to be the most depressing day of the year, dubbed “Blue Monday” as consumers battle not just the miserable weather but also their gloomy financial situation. Millions let their credit cards or overdrafts take the strain of Christmas overspending, and next week is the point when the financial chickens come home to roost
  
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• As Santander raises its fees, check that 123 still adds up

  16-01-2016 08:00
  
  Rival banks are lining up to win you over if the £60-a-year levy is a price rise too far. We look at the best alternatives if you decide to switchIn the same week that Santander raised the fees on its popular 123 current account to £60 a year, a price war has broken out among the other banks, keen to tempt anyone wanting to move with offers of £100-£150 – plus other benefits.TSB arguably has the most tempting offer – sign up to its free Classic Plus
  
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• Ever had your card declined abroad? Let your mobile worry about that now

  16-01-2016 07:59
  
  Going overseas? In future, your mobile phone will automatically tell your bank where you are, which could mean an end to payments being wrongly rejectedYou’re on holiday and you hand over your card to pay for a restaurant meal, hotel bill, car hire or pricey souvenir, only to be told: “I’m sorry but your card has been declined.” Your account might be in good order, but your card issuer thinks it’s detected unusual spending patterns, so has swung into action.This is
  
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• Meet the people who love to rent

  16-01-2016 06:00 via telegraph.feedsportal.com
  
  An increasing number of people who are making the lifestyle choice to become tenants, not homeowners
  
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• From Rio to Battersea: the star architect grand designing

  16-01-2016 06:00 via telegraph.feedsportal.com
  
  Andrew Wilkinson, tasked with designing Battersea Power Station and the Rio Olympics, on his influences and biggest challenges
  
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• Forever renters: when the home ownership dream fades

  16-01-2016 06:00 via telegraph.feedsportal.com
  
  An increasing number of people who are making the lifestyle choice to become tenants, rather than buy their own house.
  
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• 'Excuse me BT, where is my £25 iPhone?'

  16-01-2016 02:15 via telegraph.feedsportal.com
  
  A customer of the telecoms firm is being charged for a new phone that has not yet been received
  
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• Aussie dollar falls to seven-year low amid falling oil prices

  16-01-2016 01:40
  
  Analysts predict the dollar may fall further before recovering towards the end of 2016 while stocks also suffered renewed sellingThe Australian dollar has dropped to its lowest level in almost seven years in overnight trading, falling to US68.62c. Related: How Australian households became the most indebted in the worldContinue reading...
  
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• City news: BHP Billiton, Construction growth falls, Co-op pair ban and Moneysupermarket

  16-01-2016 01:01 via feedproxy.google.com
  
  THE slump in oil prices – Brent crude fell a further 6 per cent to about $29-a-barrel yesterday – has led BHP Billiton to write down the value of its US shale assets by $7.2billion .
  
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• BT’s £12.5bn takeover of EE is given the go ahead

  16-01-2016 01:01 via feedproxy.google.com
  
  BT GROUP has insisted business and consumers will benefit from a UK “digital champion” after its £12.5billion acquisition of the country’s biggest mobile operator EE was cleared by regulators.
  
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• Homes in the great outdoors – in pictures

  16-01-2016 00:45
  
  Starting your new year fitness regime will be easy from these properties, as they are ideally placed for long walksContinue reading...
  
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• UK Financial Regulatory Developments - January 2016 #1 - JD Supra (press release)

  16-01-2016 00:39
  UK Financial Regulatory Developments - January 2016 #1
  JD Supra (press release)
  TIA has published industry guidance on paperless renunciation or transfer of units or shares in authorised investment funds. The guidance sets out measures that operators of UK-authorised collective investment schemes may adopt in order to comply with ...
  

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