Financial news

• Tap-and-go card boom leaves elderly at greater risk of 'family fraud'

  21-01-2016 22:30 via telegraph.feedsportal.com
  
  As contactless cards hit the mainstream more elderly people are reporting having small, regular amounts of money stolen
  
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• Robots are coming for your job: and faster than you think

  21-01-2016 22:00 via telegraph.feedsportal.com
  
  Eleven million jobs across the UK are at high risk of being automated by 2036, Deloitte warns
  
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• Memo to the City: focus on free trade, not on politics

  21-01-2016 21:16 via telegraph.feedsportal.com
  
  There is a lot of self-interest on show. Many financial firms want to be on-side with the UK government, which of course has the power to regulate or tax them
  
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• David Cameron should be careful - there is a risk in cosying up to big business

  21-01-2016 20:43 via telegraph.feedsportal.com
  
  It would be toxic for the Conservative Party to be seen as the apologists of the establishment
  
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• Questor share tips: Don't chase Pearson's dividend, the shares are a value trap

  21-01-2016 20:22 via telegraph.feedsportal.com
  
  The FTSE 100 media giant has focused on digital education services but signs of a US slowdown leave the shares exposed, says Questor
  
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• Brussels urges more migration within EU as Britain resists

  21-01-2016 20:20
  
  BRUSSELS (Reuters) - The EU urged Europeans on Thursday to cross borders to find work as the labour commissioner voiced "frustration" that British Prime Minister David Cameron's push to curb EU migration has held up plans to make this easier.
  
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• No end to oil rout as Saudi Arabia plays tough

  21-01-2016 20:12 via telegraph.feedsportal.com
  
  Kingdom's oil chief says Saudis can withstand the price collapse, vowing to keep production at record levels
  
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• Fear and uncertainty are causing market chaos

  21-01-2016 20:08 via telegraph.feedsportal.com
  
  There is no particular trigger for the latest panic - and the gathering in Davos is doing little to help
  
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• In The City: Big banks are getting ready to fight back against the challengers

  21-01-2016 19:49 via telegraph.feedsportal.com
  
  New banks and tech firms are shaking up the financial services industry, and the giants of the sector will not take it lying down. Consumers should be laughing all the way to the bank
  
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• Shell-BG merger gains support ahead of vote

  21-01-2016 19:33 via telegraph.feedsportal.com
  
  Shareholders are backing the landmark energy merger with less than a week until the deciding vote
  
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• Will technology help us live forever?

  21-01-2016 19:30 via telegraph.feedsportal.com
  
  Lifespan-extension experiments ranging from blood transfusions to gene editing are underway. We need to prepare for what happens next.
  
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• New controls on defence contract profit margins delayed by government

  21-01-2016 19:23 via telegraph.feedsportal.com
  
  Regulator's plan for fundamental review of profit levels on military contracts blocked by Defence Secretary
  
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• Aviva buys Canadian insurer for £281m

  21-01-2016 19:18 via telegraph.feedsportal.com
  
  Latest bolt-on purchase for the insurance giant since its merger with Friends Life
  
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• UK fraud climbs as criminals target financial sector - Financial Times

  21-01-2016 19:15
  Financial Times
  UK fraud climbs as criminals target financial sector
  Financial Times
  Criminals targeting the financial sector have pushed up recorded fraud in England and Wales, with online banking, insurance and fraudulent applications for credit driving the rise. Overall levels of reported fraud in the year to September increased 5 ...
  

• Peer-to-peer firm tells lenders they will lose a quarter of their cash

  21-01-2016 19:13 via telegraph.feedsportal.com
  
  TrustBuddy says £6m lent out via its platform will be spent on recovering outstanding loans, after the firm went bust last year
  
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• Draghi pushes FTSE 100 higher after bears maul financial markets

  21-01-2016 19:03 via telegraph.feedsportal.com
  
  Market Report: Miner recovery as index bounces back from 12-year low
  
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• Davos 2016: Can David Cameron have his Brexit cake and eat it?

  21-01-2016 19:00 via telegraph.feedsportal.com
  
  European leaders seem to be just waking up to the threat of a Brexit but can the prime really have the 'best of both worlds?'
  
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• One in five income funds cut dividends - with some high-profile names in the 'sinners' list

  21-01-2016 18:56 via telegraph.feedsportal.com
  
  Nearly one in five UK income funds cut their dividends last year - research for Telegraph Money has found
  
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• Brantano collapses into administration, putting 2,000 jobs at risk

  21-01-2016 18:49 via telegraph.feedsportal.com
  
  Administrators at PwC are looking for a new buyer of the business
  
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• Sudanese refugee who walked Channel Tunnel to face trial

  21-01-2016 18:35
  
  CANTERBURY, England (Reuters) - A Sudanese man who walked through the Channel Tunnel from France in an extreme example of the desperate measures refugees are prepared to take to reach Britain will face trial for obstructing a railway, a court was told on Thursday.
  
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• Weak sterling could offset oil and wages on inflation - BoE's Weale

  21-01-2016 18:28
  
  LONDON (Reuters) - Sterling's fall could offset the drag on inflation that will come from the latest plunge in oil prices and weak wage growth, a Bank of England interest-rate setter was quoted as saying on Thursday.
  
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• Draghi pushes FTSE 100 higher after bears maul financial markets - live

  21-01-2016 18:28 via telegraph.feedsportal.com
  
  European stock markets jumped in afternoon trade after ECB President Mario Draghi said it would necessary to review the bank's monetary policy stance in March.
  
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• Convict Libor brokers only if they played 'significant' role, UK jury told

  21-01-2016 18:07
  
  LONDON (Reuters) - Jurors in Britain's second Libor trial were instructed on Thursday not to convict the six former brokers in the dock unless evidence showed they played a "significant" part in an alleged plot to help convicted trader Tom Hayes rig the benchmark interest rates.
  
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• Nespresso sues coffee rival for using George Clooney lookalike

  21-01-2016 18:06 via telegraph.feedsportal.com
  
  Israeli Espresso Club uses an actor with a striking resemblance to the Hollywood star in one of its adverts
  
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• First time buyers: should you use a 'split' Help to Buy Isa?

  21-01-2016 17:27 via telegraph.feedsportal.com
  
  The pay in limits on a Help to Buy Isa can be restrictive, and where you choose to put the rest of your money can have a major impact
  
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• Big pharma pushes for global alliance to fight antibiotic-resistant superbugs

  21-01-2016 17:15 via telegraph.feedsportal.com
  
  Drug-resistant bacteria are becoming a huge threat and governments must support pharmaceutical companies in developing new treatments
  
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• Business chiefs heed David Cameron's Brexit rallying cry at Davos

  21-01-2016 16:56 via telegraph.feedsportal.com
  
  Corporate leaders respond to prime minister's impassioned WEF speech on Britain's place in a reformed EU
  
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• Pearson chief brands critics 'naive and ignorant' as company cuts 4,000 jobs

  21-01-2016 16:38 via telegraph.feedsportal.com
  
  Education market will not face the same digital disruption as record labels, says under-pressure boss John Fallon
  
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• Draghi pushes European shares higher after bears maul financial markets - live

  21-01-2016 16:12 via telegraph.feedsportal.com
  
  European stock markets jumped in afternoon trade after ECB President Mario Draghi said it would necessary to review the bank's monetary policy stance in March.
  
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• Fashion retailer N Brown boosted by silver surfers

  21-01-2016 16:06 via telegraph.feedsportal.com
  
  Company behind Jacamo and Simply Be says that online orders now count for 66pc of its sales
  
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• Davos leaders fear 'Brexit' may be deathknell for EU

  21-01-2016 16:02 via telegraph.feedsportal.com
  
  European politicans plead with Britons to vote "yes" and keep the union intact
  
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• Davos 2016 live: Europe warns of Brexit 'disaster' but David Cameron 'not in a hurry' to get EU deal

  21-01-2016 16:00 via telegraph.feedsportal.com
  
  Prime minister says he will be "patient" and fight to get the right deal for Britain amid warnings Brexit is a distraction for EU leaders
  
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• St James's Place shrugs off stock market slump to bring in more savers

  21-01-2016 15:51 via telegraph.feedsportal.com
  
  Wealth manager said inflows rose 17pc during the past year
  
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• Tata's JLR becomes UK's largest car maker - Financial Express

  21-01-2016 15:38
  Financial Express
  Tata's JLR becomes UK's largest car maker
  Financial Express
  Jaguar Land Rover has become UK's largest car maker, a dramatic turnaround in the fortunes of the luxury car brand since it was overtaken by Tata Motors over seven-years-ago. By: PTI | London | January 21, 2016 8:05 PM ...en meer »
  

• TfL to take control of London's suburban rail services

  21-01-2016 15:30 via telegraph.feedsportal.com
  
  Rail services within the capital will be run by the London Overground
  
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• Wall Street weighs into Britain's EU referendum - Goldman, JPMorgan back 'in' campaign

  21-01-2016 15:23
  
  LONDON (Reuters) - Goldman Sachs and JPMorgan are making large donations to the campaign to keep Britain inside the European Union, sources said, highlighting the concern among some of the world's biggest banks over the impact of a British exit.
  
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• Sky signs exclusivity deal with Twin Peaks maker Showtime

  21-01-2016 15:21 via telegraph.feedsportal.com
  
  Pay-TV operator locks in more drama as competition intensifies
  
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• Countrywide upgrades profit forecast as property market conditions improve

  21-01-2016 15:13 via telegraph.feedsportal.com
  
  Just months after issuing a profit warning, Britain's biggest estate agency says its fourth quarter performance was "encouraging"
  
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• Fraudsters hit UK financial firms for £176m - Computer Business Review

  21-01-2016 15:00
  Fraudsters hit UK financial firms for £176m
  Computer Business Review
  Fraud in the UK reached more than £732m in 2015, according to new analysis by KPMG. KPMG's Fraud Barometer, which measures fraud cases with losses of £100,000 or more reaching the UK courts, shows that the value of fraud prosecuted rose in 2015, ...
  

• UK FCA issues warning against FX firm Financial Products (London) Limited - LeapRate

  21-01-2016 14:07
  UK FCA issues warning against FX firm Financial Products (London) Limited
  LeapRate
  As the number of complaints regarding unauthorized trading and brokerage firms in the UK is rising, the Financial Conduct Authority (FCA) is also stepping up its efforts to combat financial fraud. It comes as no surprise then that the FCA keeps issuing ...
  

• Britain and Argentina see chance to reset strained relations

  21-01-2016 14:07
  
  LONDON (Reuters) - Old foes Britain and Argentina said on Thursday there was an opportunity to open a new chapter in diplomatic relations after a meeting between British Prime Minister David Cameron and newly elected Argentine President Mauricio Macri.
  
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• Virgin Media to cut 900 jobs over the next two years

  21-01-2016 14:03 via telegraph.feedsportal.com
  
  Telecoms firm plans structural shake-up as it undergoes five-year £3bn project to expand broadband network
  
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• Investors rush for UK buy-to-let homes ahead of tax hike

  21-01-2016 14:02
  
  LONDON (Reuters) - Investors are looking more urgently for buy-to-let properties in Britain ahead of the introduction of a tax hike aimed at cooling one engine of the country's housing market, a survey showed on Thursday.
  
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• Barclays cuts 1,200 Asian investment bank jobs

  21-01-2016 13:58 via telegraph.feedsportal.com
  
  New chief Jes Staley and investment boss Tom King are pulling out of nine countries as they shut down loss-making parts of the business
  
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• FTSE steadies after bears maul financial markets - live

  21-01-2016 13:57 via telegraph.feedsportal.com
  
  European stock markets clawed their way back into positive territory after a shaky start to the day despite a further slide in oil prices.
  
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• Davos 2016 live: Brexit would be a 'disaster' for Europe, warn France and Germany

  21-01-2016 13:55 via telegraph.feedsportal.com
  
  German finance minister urges UK to stay in EU as Prime Minister set to urge businesses to back the In campaign at the World Economic Forum
  
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• Yorkshire Water hit with £600,000 pollution fine

  21-01-2016 13:51 via telegraph.feedsportal.com
  
  The Environment Agency has secured its third largest water pollution fine from Yorkshire Water for a 'significant' sewage spill.
  
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• Mortgage lending hits highest level since 2008

  21-01-2016 13:50 via telegraph.feedsportal.com
  
  The housing market continued to grow last year as demand oustripped supply
  
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• New 'no spill' cup invented by British engineers saves commuters from burns and stains

  21-01-2016 13:40 via telegraph.feedsportal.com
  
  UK manufacturer receives deluge of orders, as coffee drinkers in UK and Asia go wild for smart cup
  
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• HBOS collapse: Watchdog to scrutinise auditing again

  21-01-2016 13:37 via telegraph.feedsportal.com
  
  Financial Reporting Council will examine KPMG's clean bill of health for HBOS shortly before the bank's near-collapse in 2008
  
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