Financial news

• Oil nations face years of pain, says IMF chief Christine Lagarde

  04-02-2016 22:23 via telegraph.feedsportal.com
  
  Christine Lagarde says International Monetary Fund stands ready to help countries in distress
  
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• Flash crash trader Navinder Sarao begins extradition fight

  04-02-2016 22:19 via telegraph.feedsportal.com
  
  Navinder Sarao is resisting attempts to extradite him to the United States
  
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• No one knows what's coming - as the Bank of England has proved

  04-02-2016 22:05 via telegraph.feedsportal.com
  
  Regardless of what the Bank thinks it is doing, it is actually acting as if it were trying to keep interest rates on hold for as long as possible
  
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• Age UK found to be making millions from insurance and funeral deals

  04-02-2016 21:57
  
  Charity has numerous partnerships, including with E.ON for energy tariffs more expensive than others from same supplierAge UK has made millions of pounds by providing insurance and funeral services to elderly people, amid criticism of its commercial arrangements with a leading energy supplier.The charity’s commercial arm, Age UK Enterprises Limited, provided almost half a million home, travel and car insurance policies in collaboration with Ageas Insurance Ltd in 2014-15.Continue reading..
  
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• Mega-rich homes tour puts spotlight on London's oligarchs

  04-02-2016 21:53
  
  Campaigners connected to Russian opposition leader Alexei Navalny offer tour of billionaires’ exclusive homes, including those of Vladimir Putin’s friendsIt is London’s biggest non-royal private home, a palace in Highgate with 28 bedrooms, a 40,000-sq-ft basement and designer orangery. On Thursday the huge mansion, Witanhurst, was on the list of several destinations for what was billed by political campaigners as London’s first ever “kleptocracy” tour.Campaign
  
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• Dollar tumbles as Fed rescues China in the nick of time

  04-02-2016 21:35 via telegraph.feedsportal.com
  
  The central banks of Europe and Japan discover that it is impossible to stave off deflation by debasing their currencies when everybody is playing the same game
  
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• What Goldman's subtle shift says about the problems bedevilling investment banks

  04-02-2016 21:13 via telegraph.feedsportal.com
  
  A single appointment at Goldman Sachs highlights the difficulties besetting Wall Street and City firms
  
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• What Goldman's subtle shift says about investment banking's woes

  04-02-2016 21:13 via telegraph.feedsportal.com
  
  A single appointment at Goldman Sachs highlights the difficulties besetting Wall Street and City firms
  
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• Goldman's bold appointment is a shake-up for the securities sector

  04-02-2016 21:13 via telegraph.feedsportal.com
  
  A single promotion at Goldman Sachs appears to point to a revolutionary new client-led approach on Wall Street
  
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• Dunedin buys stake in £80m sale of City consultants Alpha

  04-02-2016 21:00 via telegraph.feedsportal.com
  
  Private equity firm backs Alpha, the firm that advises wealth managers including Axa, Barclays Wealth and Neil Woodford's firm
  
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• Dunedin buys £80m stake in City consultants Alpha

  04-02-2016 21:00 via telegraph.feedsportal.com
  
  Private equity firm backs Alpha, the firm that advises wealth managers including Axa, Barclays Wealth and Neil Woodford's firm
  
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• Britain's pro-EU campaign predicts big victory in vote

  04-02-2016 20:50
  
  LONDON (Reuters) - Britain will vote to stay in the EU by a "substantial margin" predicted the leader of a campaign to keep the world's fifth-largest economy in the trading bloc, slating the opposing "out" movement for what he said was failure to present an alternative to membership.
  
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• Iran says good commercial relations with Britain can resume

  04-02-2016 20:01
  
  LONDON (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif said on Thursday that good economic and commercial relations could resume with Britain.
  
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• Auction houses report rush to buy and sell before April 1 buy-to-let stamp duty deadline

  04-02-2016 19:57 via telegraph.feedsportal.com
  
  Auction houses report an increase in private sellers bringing properties to market, as well as a lot of interest from buyers
  
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• Tata Steel slumps to loss as Chinese imports bite

  04-02-2016 19:52 via telegraph.feedsportal.com
  
  Global giant Tata warns over flood of subsidised Chinese steel as it falls to a £220m quarterly loss
  
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• Rebuilding public trust in money - and Government - will take a long time

  04-02-2016 19:46 via telegraph.feedsportal.com
  
  Across the world, the political centre ground has had to give way to a new wave of populism
  
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• Moody's downgrades Clydesdale Bank's deposit rating

  04-02-2016 19:46 via telegraph.feedsportal.com
  
  The newly-independent bank had to delay its flotation this week when the ratings agency launched the review
  
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• Electra makes £12m on sale of art supplier Daler-Rowney

  04-02-2016 19:38 via telegraph.feedsportal.com
  
  The Berkshire-based company that supplies artists' paints, brushes and paper has seen an impressive turnaround
  
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• Hasbro 'holds talks with Barbie maker Mattel' to create global toy giant

  04-02-2016 19:22 via telegraph.feedsportal.com
  
  Toy makers try for second time to seal merger, with control over Barbie, Hot Wheels and My Little Pony
  
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• Where to retire with access to the great outdoors

  04-02-2016 19:01 via telegraph.feedsportal.com
  
  Being able to go for a walk in the countryside is what attracts many to retirement villages
  
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• Taylor Wimpey CEO worried about rapid rise in house prices

  04-02-2016 18:46
  
  Housebuilding boss Pete Redfern, about to head up Labour housing review, favours measures to stall prices and tackle slump in home ownershipThe boss of one of Britain’s biggest housebuilders, who is heading a Labour-backed review into the country’s housing crisis, has warned he is concerned about the rapid rise in house prices.Pete Redfern, chief executive of Taylor Wimpey, said the government should consider “tapering off” its Help to Buy scheme, which is designed to hel
  
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• FTSE 100 jumps as weak dollar lifts commodities

  04-02-2016 18:36 via telegraph.feedsportal.com
  
  Market Report: Miners enjoy best day in seven years
  
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• Hamstrung central banks struggle with currency temptations

  04-02-2016 18:13
  
  FRANKFURT (Reuters) - The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates.
  
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• Smith & Nephew eyes acquisitions

  04-02-2016 18:06 via telegraph.feedsportal.com
  
  The maker of artifical hips and knees also plans to launch a number of products this year
  
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• Low interest rates cost savers £160BILLION and spark yet another debt binge

  04-02-2016 18:05 via feedproxy.google.com
  
  SEVEN years of rock bottom interest rates have cost savers £160BILLION while encouraging people to take on ever higher debts, suggests analysis.
  
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• Redfern review: the fourth major UK housing study since 2004

  04-02-2016 17:59
  
  The Barker, Callcutt and Lyons reviews all preceded Peter Redfern’s investigation into the decline of homeownership The Labour party has announced a review of the supply of homes to be headed by Peter Redfern, the chief executive of builder Taylor Wimpey. It is not the first review of the issue: since 2004 several other large-scale projects have attempted to establish the problems with the housing market and how to fix them. Continue reading...
  
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• Global economy on a knife edge: Interest rates could be CUT as BoE warns of looming chaos

  04-02-2016 17:47 via feedproxy.google.com
  
  INTEREST rates were kept on hold again today amid rising expectations that looming financial meltdown could now force a rate CUT.
  
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• Pound could crash by 20pc if UK votes for Brexit, warns Goldman Sachs

  04-02-2016 17:24 via telegraph.feedsportal.com
  
  Investment bank warns that UK would be at risk of an 'abrupt and total interruption to incoming capital flows'
  
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• Bank of England cuts UK growth forecasts, holds rates - Financial Express

  04-02-2016 16:52
  Financial Express
  Bank of England cuts UK growth forecasts, holds rates
  Financial Express
  The Bank of England cut its economic growth forecasts today and left interest rates at a record-low, as policymakers fretted over slumping oil prices and the darkening global outlook. By: AFP | London | February 4, 2016 9:21 PM ...en meer »
  

• Savers open 250,000 help-to-buy Isas in first two months

  04-02-2016 16:43
  
  Three-quarters of savers signing up for scheme intended to help them buy a home are aged 30 and under, Treasury saysHelp-to-buy Isas have been opened at a rate of one every 30 seconds since the initiative launched on 1 December, George Osborne has announced.The scheme, unveiled in the budget last March, gives those saving for their first home £50 for every £200 they put in the tax-free account to save for a deposit. Aspiring homebuyers can save up to £12,000 in the new Isas, en
  
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• AstraZeneca warns of lower profits as generic competition grows

  04-02-2016 16:33 via telegraph.feedsportal.com
  
  Drugs giant will lose its patent in the US for blockbuster drug Crestor
  
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• S&P cuts Glencore one notch above junk

  04-02-2016 16:20 via telegraph.feedsportal.com
  
  Ratings agency is gloomy on outlook of commodity prices but says company outlook is 'stable'
  
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• Money Talks: would staggering school terms save holiday costs? Plus, how to beat fraudsters

  04-02-2016 15:39
  
  Also, help to buy London launches, homes with famous ex-owners and ministers accused of mis-selling women’s pensionsHello 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...
  
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• Interest rates will stay at historic lows until 2018, Bank of England signals

  04-02-2016 15:00 via telegraph.feedsportal.com
  
  Mark Carney, the Bank of England Governor, set to explain why interest rates must remain at their historic lows alongside the release of the latest Inflation Report
  
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• Ryanair passengers soar on cheap fares

  04-02-2016 14:56 via telegraph.feedsportal.com
  
  The airline has been cutting fares to encourage bookings in the wake of Paris terrorist attacks
  
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• Vodafone slams Hutchinson's price-freeze pledge

  04-02-2016 14:50 via telegraph.feedsportal.com
  
  Vittorio Colao, Vodafone's boss, says Hutchison's promise to cap consumer bills if the Three-O2 tie-up goes ahead is "selectively worded" and contains no real substance
  
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• BHP spin-off South32 takes $1.7bn hit and lays off staff

  04-02-2016 14:43 via telegraph.feedsportal.com
  
  Miner will churn out less manganese ore as it seeks to shore up prices amid commodity rout
  
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• BHP Billiton spin-off South32 takes $1.7bn hit and lays off staff

  04-02-2016 14:43 via telegraph.feedsportal.com
  
  Miner will churn out less manganese ore as it seeks to shore up prices amid commodity rout
  
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• How do you keep up with the Joneses? | Sarah Marsh

  04-02-2016 14:42
  
  Proving your social prowess these days is not about ostentatious displays of wealth but green credentials, a report suggests. Tell us how you make friends and influence peopleHow do you keep up with the Joneses in the modern age – buy a flashy car? Show off your tan (from an exotic holiday, of course)?If your answer is any of the above then you are probably a bit out of touch. That is, according to Ryan Murphy, author of a paper from the Adam Smith Institute titled The New Aristocrats. He
  
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• VW loses out as new car sales accelerate again

  04-02-2016 14:30 via telegraph.feedsportal.com
  
  'Dieselgate' scandal puts a brake on VW as UK cars sales get off to a strong start in 2016
  
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• Border controls threaten to derail Europe's shaky economic recovery, says Commission

  04-02-2016 14:00 via telegraph.feedsportal.com
  
  Europe's GDP forecasts get another downgrade as ECB chief clears path for more aggressive stimulus as early as next month
  
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• UK energy watchdog starts probe of E.ON-Age UK partnership

  04-02-2016 13:37
  
  LONDON (Reuters) - Britain's energy regulator said on Thursday it has started gathering information about E.ON's practices in gaining new customers through a partnership with charity Age UK, following a request from the energy minister.
  
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• Billions pledged for Syria as tens of thousands flee bombardments

  04-02-2016 13:35
  
  LONDON (Reuters) - Donor nations pledged on Thursday to give billions of dollars in aid to Syrians as world leaders gathered for a conference to tackle the world's worst humanitarian crisis, with Turkey reporting a new exodus of tens of thousands fleeing air strikes.
  
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• Britain's stunted start-ups holding back economy, but help is at hand

  04-02-2016 13:34 via telegraph.feedsportal.com
  
  Several new programmes are attempting to support promising start-ups that are failing to meet their potential
  
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• Transport for London names partner companies for land development drive

  04-02-2016 13:29
  
  The capital’s transport body hopes to raise £1.1bn from exploiting its land assets in tandem with some of the biggest names in the property business
  The advance of Transport for London (TfL) into the real estate trade has continued with its announcement of 13 “property partners” it will work with in order to make money from its land assets in the capital. They include established giants such as Taylor Wimpey, Land Securities and the Berkley Group along with consortia form
  
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• Carney downgrades UK growth prospects as rate rise kicked into long grass

  04-02-2016 13:26 via telegraph.feedsportal.com
  
  Monetary Policy Committee votes unanimously to hold rates and says wages likely to remain subdued for longer
  
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• Stagecoach and FirstGroup go head-to-head for South Western rail contract

  04-02-2016 13:17 via telegraph.feedsportal.com
  
  Just two bidders have been shortlisted to compete for one of Britain's busiest commuter rail networks
  
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• FTSE 100 jumps as weak dollar lifts commodities - live

  04-02-2016 13:12 via telegraph.feedsportal.com
  
  The US dollar fell, pushing oil prices sharply higher, while oil giant Shell has taken a heavy hit
  
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• What SLOWDOWN? House prices hit RECORD HIGH as homeowners earn more from homes than work

  04-02-2016 13:05 via feedproxy.google.com
  
  HOUSE prices in Britain have surged to another jaw-dropping record high after leaping almost 10 per cent in the year to January, data shows.
  
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• Long-term investors are taking on the hedge funds over short-term vision

  04-02-2016 13:00
  
  The alliance between old and new Wall Street is crumbling, and a civil war is about to ignite, it seems. Both claim to be fighting for the interests of us investors Imagine, for a minute, the following scenario. A fleet of shining chauffeured limousines pulls up. One by one, some of the Wall Street’s richest and most powerful folks slide out of the back seats and, glancing around them to ensure they aren’t being observed, quickly enter a mansion to attend a secret meeting. It may sou
  
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