Financial news

• UK financial watchdog criticised by lawmakers, but avoids 'no confidence' censure - Reuters UK

  01-02-2016 23:50
  Reuters UK
  UK financial watchdog criticised by lawmakers, but avoids 'no confidence' censure
  Reuters UK
  LONDON Britain's financial watchdog came under heavy criticism from lawmakers on Monday over its treatment of small companies and consumers, but escaped a vote of no confidence. In a debate in Britain's parliament on a symbolic motion of no ...en meer »
  

• Women losing out in pension changes 'could turn to jobseeker’s allowance'

  01-02-2016 23:33
  
  Labour MPs brand suggestion by work and pensions minister Shailesh Vara as ‘outrageous’ and ‘shocking’Women who are due to lose thousands of pounds from the government’s changes to the pension age could think about claiming jobseeker’s allowance instead, a Conservative minister has suggested.Shailesh Vara, a work and pensions minister, listed unemployment benefit as a possible source of income for the millions of women who will have to wait up to 18 months lon
  
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• Tumbling share values see pension pots plunge by 13 per cent

  01-02-2016 23:10 via feedproxy.google.com
  
  STOCK market turmoil has wiped thousands off the value of a retirement income taken under new pension freedoms, a report has warned.
  
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• Scrap the tax on profits - but don't tax turnover

  01-02-2016 22:17 via telegraph.feedsportal.com
  
  We should just tax cash distributions to investors and creditors when they leave the company - dividends, share buybacks and interest - as we tax distributions to employees
  
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• Time running out for China on capital flight, warns bank chief

  01-02-2016 21:43 via telegraph.feedsportal.com
  
  'The Chinese have not been very convincing. There is a perception that the renminbi could weaken drastically,' warns the Institute of International Finance
  
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• How high can Carolyn McCall take easyJet before she bails out?

  01-02-2016 21:12 via telegraph.feedsportal.com
  
  Annual pre-tax profits have surged from £154m in 2010 to a record £686m last year
  
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• Ofcom chief reduced to writing in FT to air views on Three-O2 merger

  01-02-2016 20:42
  
  Brussels legislation means UK regulator’s views are virtually redundant on the tie-up, a move that could result in much higher bills for consumersIt is a poor show that Sharon White, head of the communications regulator Ofcom, is reduced to writing columns in the FT to try to block Three’s takeover of 02. The blame lies with European legislation, which dictates that Brussels decides on deals between companies whose parents have big operations in more than one EU country, as both Thre
  
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• Global market turmoil could hit US growth, says Fed vice-chairman Stanley Fischer

  01-02-2016 20:11 via telegraph.feedsportal.com
  
  Stanley Fischer says global market turmoil could hit US recovery
  
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• A rare change at the top of asset management

  01-02-2016 19:49 via telegraph.feedsportal.com
  
  The Pru's move to poach Anne Richards from Aberdeen is part of a wider reshuffle
  
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• A slackers' guide to slacking at work: 'Focus on the space between your nose and the screen'

  01-02-2016 19:43
  
  A new study suggests Americans waste 50 minutes a day a work, but you can do much better than that if you try hard enoughIf you’re not reading this at work, you should be: according to a new paper, American employees spend an average of 50 minutes of their working day engaged in non-work, ie slacking off. That may not seem like a lot to you; indeed, it may not seem like enough. Fully half of this time was spent eating, which isn’t slacking, it’s consuming food you didn’t
  
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• Questor share tip: Hold BT as it awaits Openreach decision

  01-02-2016 19:36 via telegraph.feedsportal.com
  
  The telecoms giant is building a strong position in mobile, TV, broadband and landline, says Questor
  
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• Sir Stelios takes on the supermarkets with food for 25p

  01-02-2016 19:24 via telegraph.feedsportal.com
  
  No-frills airline founder Sir Stelios opens a trial easyFoodstore shop with groceries sold at 25p
  
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• BP reshuffles leadership as profits tumble

  01-02-2016 19:11 via telegraph.feedsportal.com
  
  The oil and gas giant has realigned its leadership ahead of an expected slump in earnings
  
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• UK bad bank scraps plan to sell mortgage process unit

  01-02-2016 19:02 via telegraph.feedsportal.com
  
  UK Asset Resolution has outsourced the business to save tens of millions of pounds, instead of selling the unit, which services £30bn of loans for ex-Bradford and Bingley customers
  
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• Luxury gazebos: Springing up in a British back yard near you

  01-02-2016 18:58 via telegraph.feedsportal.com
  
  Three months of bad weather have prompted a flurry of sales for high-end garden rooms with underfloor heating, home cinemas and fireplaces
  
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• Women hit by pension trap can go to Job Centre and claim benefits, minister says

  01-02-2016 18:56 via telegraph.feedsportal.com
  
  Shailesh Vara, a Work and Pensions minister, criticised after saying that women hit by the rise in the state pension age should consider claiming benefits
  
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• FTSE 100 falters as weak data from China keeps stock markets under pressure

  01-02-2016 18:56 via telegraph.feedsportal.com
  
  Market Report: Another setback for Just Eat's shares, as UBS issues 'sell' rating
  
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• Tenderspace aims to streamline construction to boost UK property pipeline

  01-02-2016 18:54 via telegraph.feedsportal.com
  
  All the tools to get a construction project off the ground have been wrapped into one service by property veterans
  
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• PM warned not to 'sacrifice' Britain's financial sector as EU talks stall - Express.co.uk

  01-02-2016 18:53
  Express.co.uk
  PM warned not to 'sacrifice' Britain's financial sector as EU talks stall
  Express.co.uk
  DAVID Cameron was today warned not to "sacrifice" the City of London after the French government attempted to wreck his plans for new safeguards for Britain's financial sector. By Macer Hall, Political Editor. PUBLISHED: 00:00, Mon, Feb 1, 2016 ...en meer »
  

• Why British business needs to remain neutral about leaving the EU

  01-02-2016 18:37 via telegraph.feedsportal.com
  
  Business is tough enough without turning 40pc or more of your customers into sworn enemies by siding with either the 'in' or 'out' campaign
  
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• BREXIT BOOST: Hitachi would STAY in UK if Britons voted to leave Europe

  01-02-2016 17:51 via feedproxy.google.com
  
  INDUSTRY giant Hitachi has pledged to stay in the UK if Britons voted to leave the European Union .
  
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• Welcome to AUSTERITY Saudi Arabia: Crashing oil prices sends economy into meltdown

  01-02-2016 17:42 via feedproxy.google.com
  
  SAUDI Arabia faces financial ruin if it fails to undergo severe austerity measures in the coming years, as the oil price crash continues to rage, according to the International Monetary Fund .
  
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• Payday lenders and credit firms to pay for 'illegal money' enforcement teams

  01-02-2016 17:30
  
  Proposed levy coincides with government withdrawal of funding for service which has prosecuted more than 300 illegal money lenders since 2004Payday loan firms and credit card companies could be charged a fee to fund the work of teams cracking down on loan sharks, the chancellor has announced.From April 2017 the work of the Illegal Money Lending Teams in England and Wales will be funded by a levy on companies offering consumers credit, replacing the funding they currently receive from the governm
  
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• Twitter shares jump over 10pc on talk of Marc Andreessen and Silver Lake takeover

  01-02-2016 17:27 via telegraph.feedsportal.com
  
  Company's shares have fallen more than 75pc since their peak
  
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• David Walker: sack CEOs after six years

  01-02-2016 17:25 via telegraph.feedsportal.com
  
  Chief executives should only spend five or six years at the top to avoid them becoming untouchable and unaccountable, according to ex-Barclays chairman Sir David Walker
  
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• Sainsbury's close to securing £1.3bn swoop on Home Retail

  01-02-2016 16:54 via telegraph.feedsportal.com
  
  Argos owner is said to be on the verge of agreeing a takeover pitched at around 160p-a-share
  
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• Mayhem at Calais forces fall in ferry sailings

  01-02-2016 16:35 via feedproxy.google.com
  
  MIGRANT chaos on the shores of Calais saw sailings by British ferry firm to the continent plunge by 8.5 per cent, industry data shows.
  
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• Shell backs out of Malaysian refinery business

  01-02-2016 16:32 via telegraph.feedsportal.com
  
  The Anglo-Dutch giant plans to focus its downstream presence where it can be 'most competitive'
  
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• Lloyds 'facing extra £2bn PPI bill'

  01-02-2016 16:12 via telegraph.feedsportal.com
  
  The mis-selling scandal is not over yet and analysts fear it will dent the bank's ability to pay dividends this year
  
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• World index of economic freedom tells us that EU should be broken up

  01-02-2016 15:25 via telegraph.feedsportal.com
  
  The startling finding of the Heritage Foundation index for 2016 is how chronically 'unfree' the European Union still is
  
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• Ryanair slashes ticket costs to lure new customers

  01-02-2016 15:10 via feedproxy.google.com
  
  BUDGET airline Ryanair is set to chop tickets prices in the coming months to offer more travellers bargain getaways.
  
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• Why are airlines still charging us to pay by credit card?

  01-02-2016 14:54 via telegraph.feedsportal.com
  
  Consumer expert James Daley is challenging the airlines to justify the excessive credit card charges they've applied on his flights. Such pressure, he says, is beginning to work
  
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• Clydesdale Bank on home stretch for flotation as Australian courts give green light

  01-02-2016 14:35 via telegraph.feedsportal.com
  
  The newly independent bank's shares will price tonight as National Australia Bank prepares to sell the lender
  
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• Stock market CRISIS returns: FTSE falters as fears rise over ailing China and oil prices

  01-02-2016 14:08 via feedproxy.google.com
  
  BRITAIN'S premier stock market was flashing red today, as worries again flared up over China's economic slowdown and the affect of lower oil prices.
  
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• Flash Boys market sparks war of words on Wall Street

  01-02-2016 14:04 via telegraph.feedsportal.com
  
  IEX wants to become a fully-fledged stock exchange, to the chagrin of rival markets
  
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• Conviviality cheers surge in sales

  01-02-2016 13:57 via telegraph.feedsportal.com
  
  Matthew Clark takeover sends revenues higher at Bargain Booze owner
  
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• Bargain Booze owner cheers surge in sales

  01-02-2016 13:57 via telegraph.feedsportal.com
  
  Matthew Clark takeover sends revenues higher at Bargain Booze owner
  
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• Urban housebuilder Countryside Properties sets price range for IPO

  01-02-2016 13:32 via telegraph.feedsportal.com
  
  The developer will take advantage of soaring house prices in outer London and return to the stock market with a £1.1bn valuation
  
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• Mortgages boom as interest rates fall to record lows

  01-02-2016 12:53 via telegraph.feedsportal.com
  
  Buyers and remortgagers kept borrowing apace despite December's traditional reputation as a quiet month
  
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• Almost one million investors lose £5.3bn in massive China Ponzi scam

  01-02-2016 12:40 via telegraph.feedsportal.com
  
  Police make 21 arrests as they bust one of the biggest financial frauds in the country's history
  
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• Tough year ahead for China as factory output hits three-year low

  01-02-2016 12:34 via telegraph.feedsportal.com
  
  Drop in Chinese manufacturing comes as world's second largest economy continues reform drive
  
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• HC UK profits tripled in financial year 2014-15 - The Bookseller

  01-02-2016 12:15
  HC UK profits tripled in financial year 2014-15
  The Bookseller
  HarperCollins UK's profits tripled year-on-year in the 12 months to end June 2015, accounts newly filed at Companies House have revealed. Revenues were shown to grow by £6.6m to £186m and profit before tax by £8.9m to £13.1m (£4.2m in 2014).en meer »
  

• Help to buy London launches, but expert questions its reach

  01-02-2016 12:11
  
  Scheme will open ‘relatively few doors’, critic says, as lenders line up to offer sub-2% dealsA government scheme offering homebuyers in London interest-free loans of up to £240,000 has gone live, but critics say it will open “relatively few doors” for priced-out households.Help to buy London is an extension of an existing scheme which offers loans for buyers of new-build properties, allowing them to purchase a home with a deposit of just 5%.Continue reading...
  
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• Premier Oil shares double after trading suspension lifts

  01-02-2016 12:06 via telegraph.feedsportal.com
  
  Oil explorer returned to market with new plans for its $120m Eon asset deal
  
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• A Sadiq Khan win in London would expose the failings of Jeremy Corbyn

  01-02-2016 11:53
  
  A Labour win in the capital’s mayoral race would give comfort to the party’s leader but also serve as a telling rebukeDon’t stop me if you’ve heard all this before. This story has a novelty ending. Sitting comfortably?Jeremy Corbyn, you will have read, is leading the Labour Party to a string of election defeats, beginning with a bunch of them in May. Labour will lose in Scotland, lose in Wales and lose in most of England too. The one potential light on this gloomy near ho
  
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• Plaid Cymru: Wales should have its own banknotes again

  01-02-2016 11:46 via telegraph.feedsportal.com
  
  Welsh party also wants Bank of England renamed to reflect that it sets policy for the whole of the UK
  
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• Pound rises as domestic demand boosts Britain's factories

  01-02-2016 11:26 via telegraph.feedsportal.com
  
  Output at Britain's factories rises in January but economists warn manufacturers face tough times ahead
  
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• FTSE 100 falters as weak data from China keeps stock markets under pressure - live

  01-02-2016 10:58 via telegraph.feedsportal.com
  
  Chinese stocks markets after manufacturing activity contracted at its fastest pace in almost three-and-a-half years in January
  
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• Private equity backs small firms with deals worth £3.4bn

  01-02-2016 10:49 via telegraph.feedsportal.com
  
  Funds are increasingly moving money into the small business sector
  
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• More women becoming non-execs but few win seats at the top table

  01-02-2016 10:43 via telegraph.feedsportal.com
  
  Female representation on boards has improved on the surface but few are actually leading their companies
  
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