Financial news

• Investors pull $1.2 billion from stock funds during weekly period -Lipper

  28-01-2016 23:39
  
  NEW YORK, Jan 28 (Reuters) - U.S.-based stock funds posted $1.2 billion in outflows during the week that ended Jan. 27, Lipper data showed on Thursday, as investors shied away from risky financial assets for the fourth straight week.
  
  Read more

• Mexico's Banorte posts 4th-qtr profit of 4.940 bln pesos

  28-01-2016 23:33
  
  MEXICO CITY, Jan 28 (Reuters) - Mexico's Grupo Financiero Banorte, the country's fourth-largest bank by assets, on Thursday reported a fourth-quarter profit of 4.94 billion pesos ($287 million).
  
  Read more

• NYSE calls for coordination among exchanges to ease volatility

  28-01-2016 23:32
  
  NEW YORK, Jan 28 (Reuters) - The New York Stock Exchange on Thursday recommended reforms to the U.S. equities market which it said could improve stability and prevent a repeat of the wild price swings seen on Aug. 24 during a near-unprecedented bout of volatility.
  
  Read more

• CORRECTED-UPDATE 2-Norway wealth fund's ethics watchdog probing 14 corruption cases

  28-01-2016 23:28
  
  OSLO, Jan 28 (Reuters) - The ethics watchdog for Norway's $800 billion sovereign wealth fund, the world's largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters.
  
  Read more

• Advertisement

• UPDATE 2-Visa does not lower full-year forecast as Wall Street had expected

  28-01-2016 23:25
  
  Jan 28 (Reuters) - Visa Inc, the world's largest payments network operator, reported a better-than-expected quarterly profit and did not lower its full-year forecasts as many Wall Street analysts were expecting.
  
  Read more

• SAFT ON WEALTH-Politics to blame for China stocks' lost decades: James Saft

  28-01-2016 23:08
  
  Jan 28 (Reuters) - The huge and puzzling gap between China's great long-term economic growth and the terrible performance of its stock market is significantly explained by politics.
  
  Read more

• Energy security threat as SSE mulls early closure of coal plant

  28-01-2016 23:03 via telegraph.feedsportal.com
  
  Exclusive: Energy giant SSE is considering pulling out of a Government contract to run its Fiddler's Ferry coal plant in 2018-19 and shutting the loss-making plant early
  
  Read more

• UPDATE 3-Federal Reserve releases scenarios for 2016 bank stress tests

  28-01-2016 23:00
  
  WASHINGTON, Jan 28 (Reuters) - Large financial firms will have to show how they would survive a "severely adverse scenario", including a global recession where U.S. unemployment shoots up to 10 percent and short-term U.S. Treasuries pay negative yields, in this year's bank stress tests, the Federal Reserve said on Thursday.
  
  Read more

• Advertisement

• REFILE-Canada tech execs say weak C$ toughens talent hunt

  28-01-2016 22:59
  
  TORONTO, Jan 28 (Reuters) - A slump in the Canadian dollar, which hit a 12-year low this month, has made it harder for the country's technology companies to recruit top talent, posing a longer-term risk to the sector's development, industry veterans said.
  
  Read more

• UPDATE 2-Brazil earmarks $20 bln in new loans to bolster economy

  28-01-2016 22:52
  
  BRASILIA, Jan 28 (Reuters) - Brazil will release 83 billion reais ($20.4 billion) in new credit from state-run banks for farmers, builders and other businesses suffering in a shrinking economy, resuming stimulus efforts it had largely eschewed in last year's austerity drive.
  
  Read more

• Australia, NZ shares to tread water amid caution on U.S.

  28-01-2016 22:43
  
  MELBOURNE, Jan 29 (Reuters) - Australian stocks face a flat start, in line with New Zealand, with a jump in oil prices set to boost the energy sector, while concerns about U.S. growth following a sharp drop in durable goods orders may hold back gains. Giving mixed signals, local share price index futures climbed 0.3 percent to 4,939 to sit at a 37.2-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.6 percent on Thursday. New Zealand's benchmark S&P/NZX 50 in
  
  Read more

• UPDATE 1-Viacom's Redstone to undergo mental exam on Friday

  28-01-2016 22:39
  
  LOS ANGELES, Jan 28 (Reuters) - Viacom Inc Executive Chairman Sumner Redstone will undergo an examination on Friday by a doctor hired by an ex-girlfriend in a lawsuit that challenges his mental competency, a spokesman for the former girlfriend said.
  
  Read more

• UPDATE 1-Bombardier shares skid 10 percent on fears of index expulsion

  28-01-2016 22:36
  
  TORONTO, Jan 28 (Reuters) - Shares of Bombardier Inc , which closed below C$1 for the first time since 1991 on Wednesday, fell 10 percent further on Thursday as some funds dumped shares on fears that the train and plane maker may be ejected from Canada's main index.
  
  Read more

• It's time to replace the SFO with a new body

  28-01-2016 22:21 via telegraph.feedsportal.com
  
  it was thought that Theresa May, the Home Secretary, was wondering whether to disband the SFO altogether: it's time to dust off those blueprints
  
  Read more

• A lament for spontaneity in train travel | Natalie Haynes

  28-01-2016 21:11
  
  The blogger who flew from Sheffield to Essex via Berlin to save on the rail fare was behaving logically. Trains are as much hassle as planes and can be more expensiveThere are only two things British people like more than a bargain: a plucky underdog, and an opportunity to complain about our bloody awful trains. So it’s no surprise that Jordon Cox – the bespectacled blogger who flew to Essex from Sheffield (via Berlin) apparently saving £7.72 on the cost of a train ticket &ndas
  
  Read more

• City News: Guinness, TSB, HBOS, FirstGroup

  28-01-2016 20:57 via feedproxy.google.com
  
  GUINNESS sales strengthened by 4 per cent in the UK in the second half of last year as rugby fans worked up a thirst for the black stuff during the World Cup.
  
  Read more

• Oil prices rocket on hopes of Saudi-Russian entente

  28-01-2016 20:45 via telegraph.feedsportal.com
  
  Crude jumps by more than 8pc as world's rival oil giants hint they could take as much as 2 millions barrels a day off the market
  
  Read more

• Hopes of Saudi-Russian entente sends oil price rocketing

  28-01-2016 20:45 via telegraph.feedsportal.com
  
  Crude jumps by more than 8pc as world's rival oil giants hint they could take as much as 2 millions barrels a day off the market
  
  Read more

• Questor share tip: Diageo feels the pain of China slowdown

  28-01-2016 20:19 via telegraph.feedsportal.com
  
  The world biggest drinks company reported lacklustre sales and falling prices have put profits under pressure, says Questor.
  
  Read more

• Government puts sale of Lloyds shares on hold

  28-01-2016 20:16 via feedproxy.google.com
  
  THE Government has put back the sale of the last tranche of the taxpayer-owned stake in Lloyds Banking Group due to the turmoil in financial markets.
  
  Read more

• Meet the man who tells lucky winners they've hit the Lottery jackpot

  28-01-2016 19:15 via telegraph.feedsportal.com
  
  The winner of the £33 million prize has finally been found - now Andy Carter, senior winnings advisor for the National Lottery, can pay a visit that will change someone's life forever
  
  Read more

• Politicians are terrible investors: it is time to sell the taxpayer stake in Lloyds

  28-01-2016 18:58 via telegraph.feedsportal.com
  
  It might seem galling to sell any Lloyds shares at a loss, but the Chancellor should get out of the bank instead of playing the markets
  
  Read more

• TSB profits fall as it spends to win new customers

  28-01-2016 18:50 via telegraph.feedsportal.com
  
  The mid-sized bank spin-off wants to grow big enough to challenge the high street giants before it worries about increasing profits
  
  Read more

• FTSE 100 tumbles as Osborne pulls Lloyds share sale and oil surges

  28-01-2016 18:49 via telegraph.feedsportal.com
  
  Market Report: Ashtead slumps on United Rentals read-across
  
  Read more

• China in crisis? Another credit crunch in the West is far more likely

  28-01-2016 17:54 via telegraph.feedsportal.com
  
  Comment: William Littlewood is a fund manager who is not afraid to stand out from the crowd. He explains why his biggest bet is that government bonds are hugely overvalued
  
  Read more

• Dairy farms squeezed even harder as income halves due to milk price war

  28-01-2016 17:30 via telegraph.feedsportal.com
  
  The average takings of UK dairy farms dropped 45pc to £46,500 last year as the cost of wholesale milk slumped 14pc
  
  Read more

• PM Cameron welcomes proposals to curb EU migration - spokesman

  28-01-2016 17:22
  
  LONDON (Reuters) - British Prime Minister David Cameron welcomes discussion of alternative proposals to his plan to curb welfare payments to European Union migrants but his original proposal remains on the table, his spokesman said on Thursday.
  
  Read more

• Lawyer sees possible parallels in deaths of two Russians in UK exile

  28-01-2016 17:06
  
  WOKING, England (Reuters) - A week after a British inquiry ruled that Russian President Vladimir Putin probably approved the murder of an ex-KGB agent in London, a court heard on Thursday that the sudden death of a Russian mafia whistleblower had "potential parallels".
  
  Read more

• Brexit vote could turn UK into a 'safe haven' triggering EU disintegration, say Barclays

  28-01-2016 17:00 via telegraph.feedsportal.com
  
  Britain's exit from EU would open a 'Pandora's Box' in Europe, a threat which has been underestimated by financial markets, warn analysts
  
  Read more

• Whisky maker Diageo toasts Britain's EU membership

  28-01-2016 16:40
  
  LONDON (Reuters) - Diageo, the world's largest maker of Scotch whisky, supports Britain staying in the European Union but its chief executive said he sees no dramatic immediate effect on its business from a possible "Brexit".
  
  Read more

• FTSE 100 tumbles as Osborne pulls Lloyds share sale and oil surges- live

  28-01-2016 16:32 via telegraph.feedsportal.com
  
  Oil rallies to $34 amid reports of production cuts, while Osborne postpones Lloyds share sale amid 'turbulent' market conditions
  
  Read more

• Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

  28-01-2016 16:21 via telegraph.feedsportal.com
  
  Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government
  
  Read more

• JKX board culled in stealth takeover by Russian investor

  28-01-2016 16:18 via telegraph.feedsportal.com
  
  Major shareholder Proxima has succeeded in overthrowing the board of the oil and gas firm
  
  Read more

• TransferWise losses widen sixfold after massive growth push

  28-01-2016 16:13 via telegraph.feedsportal.com
  
  Like other start-ups, the peer-to-peer currency exchange platform is prioritising global reach and user growth over turning a profit
  
  Read more

• Getting personal: how your employer can store and use your details

  28-01-2016 16:05
  
  On Data Protection Day, it’s worth knowing the rules governing the use of your personal details
  It may have passed you by but Thursday is Data Protection Day – an event launched 10 years ago by the Council of Europe to raise awareness about our rights to personal data protection and privacy.Have you ever wondered about the rules concerning how your employer stores personal data on you? Continue reading...
  
  Read more

• Apple's profits in just TWO HOURS are same as entire UK corporate tax bill

  28-01-2016 15:26 via feedproxy.google.com
  
  APPLE'S gigantic profits and its skill for ultra-shrewd accounting means it took just TWO hours for the technology giant to make enough to pay its entire UK corporate tax bill last year.
  
  Read more

• Final green light for Shell-BG takeover

  28-01-2016 15:19 via telegraph.feedsportal.com
  
  BG Group shareholders have given the final nod for the multi-billion pound merger to go ahead
  
  Read more

• Travel agency for gay-friendly holidays turns over £1m in three months

  28-01-2016 15:09 via telegraph.feedsportal.com
  
  OutOfOffice.com, a new start-up offering gay-friendly holidays, has proved a hit with travellers across the globe
  
  Read more

• The Great British sell-off: Tory's flogged £26.4BILLION of UK assets in 2015

  28-01-2016 15:03 via feedproxy.google.com
  
  ANGER has erupted after it has emerged that George Osborne last year led a privatisation binge that was the biggest EVER in British history.
  
  Read more

• Osborne is storing up a heap of trouble for the UK economy

  28-01-2016 14:22
  
  Rising house prices do not offset the fact that manufacturing and construction shrank in the last three months of 2015Last summer, a brief recovery in the manufacturing sector was already running out of steam. The construction sector followed the same path. Affected by a slowdown in global trade, the high value of the pound, and possibly the government’s determination to impose another five years of austerity, businesses became more circumspect about expanding output.Now, official figures
  
  Read more

• Flash Crash research claims Sarao was not the cause

  28-01-2016 14:14 via telegraph.feedsportal.com
  
  US academics revisit the role of Hounslow-based trader Navinder Singh Sarao in the 2010 market panic
  
  Read more

• Mitchells & Butlers left with a Christmas hangover as Fuller's soars

  28-01-2016 14:09 via telegraph.feedsportal.com
  
  Birmingham pub group suffers a sales dip, while London brewer toasts rising like-for-likes
  
  Read more

• UK to postpone Lloyds share sales until markets calmer

  28-01-2016 13:55
  
  LONDON (Reuters) - Britain is postponing a planned sale of shares in bailed-out Lloyds Banking Group due to turmoil in global financial markets, disappointing thousands of small investors hoping to benefit from a discounted sell-off.
  
  Read more

• Money Talks: how Sheffield to Essex is cheaper via Berlin, and find out what money means to you

  28-01-2016 13:53
  
  Plus, regulator warns against self-cert mortgages from overseas lenders, and why you should beware going on a speed awareness course
  Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
  Read more

• UK economic growth slows in 2015: what the economists are saying

  28-01-2016 13:46
  
  Leading economists assess outlook for 2016 after figures show GDP growth rate falling from 2.9% in 2014 to 2.2% last yearThe UK economy expanded 0.5% in the final months of 2015 as expected, but for the year as a whole, growth was down markedly.Official figures show GDP grew 2.2% last year after rising 2.9% in 2014. That slowdown came against the backdrop of a waning global economy.Continue reading...
  
  Read more

• UK government halts Lloyds share sale amid market turbulence - business live

  28-01-2016 13:43
  
  George Osborne’s goal of creating a share owning democracy has been hit by falling stock marketsOsborne: Would be irresponsible to crack onFull Story: Lloyds share sale on holdEC announces crackdown on tax avoidanceCity regulators launch new HBOS probeUK GDP: growth rises to 0.5% 12.43pm GMTLloyds Banking Group has issued a statement:“The Government has already been able to progressively reduce its stake in the Group from 43% to just 9% today, returning over £16 billion to taxp
  
  Read more

• The 10 films that took the UK box office to record high

  28-01-2016 13:42 via telegraph.feedsportal.com
  
  Cinema ticket sales surged 17pc to an all-time high in 2015 as filmgoers flocked to these screenings
  
  Read more

• TSB exceeds targets for growth but sees decline in management profits

  28-01-2016 13:41
  
  Chief executive says bank ‘absolutely on track’ with its plan to focus on winning new customers and increase lendingTSB, the challenger bank taken over in a £1.7bn deal last year by the Spanish company Banco Sabadell, has more than met most of its targets but seen a decline in profits as it has focused on winning new customers and increasing lending.The bank said more than 1,000 new customers were joining it each day, while 6.8% of all UK consumers switching or opening a new ac
  
  Read more

• The economy isn’t working. This could be Labour’s chance | Stewart Wood

  28-01-2016 13:35
  
  Google, crony capitalism and zero-hour contracts are just some of the things fuelling public anger. We need to channel that rage into reformGeorge Osborne did something foolish last weekend. On Saturday morning at 8.15am, possibly as his guard was down while munching on some rösti over breakfast in Davos, he tweeted: “#Google tax bill is a victory for the action we’ve taken”. Related: Google £130m UK back-tax deal lambasted as ‘derisory’ by expertContinue
  
  Read more

• Eyewitness: City of London

  28-01-2016 13:29
  
  Photographs from the Eyewitness series Continue reading...
  
  Read more

Follow @financialnwsUK on Twitter!