Financial news

• Pension fund warns Government over Heathrow runway

  08-02-2016 21:43 via telegraph.feedsportal.com
  
  The USS has suggested the 'credibility' of the Government's new infrastructure commission hinges whether a new Heathrow runway is built
  
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• Royal London warns banks: the days of bonuses for failure are over

  08-02-2016 21:41 via telegraph.feedsportal.com
  
  The top investor praised Tidjane Thiam for turning down some of his bonus as his bank Credit Suisse makes a loss, and said it will be 'watching carefully' when other banks pay their bosses
  
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• Britain lags rivals in robots - but automating the workplace may not mean huge job losses

  08-02-2016 21:24 via telegraph.feedsportal.com
  
  UK manufacturing has huge opportunity to automate but it need not mean machines taking over human jobs
  
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• Goldman Sachs sees near-zero risk of UK recession despite market tantrum

  08-02-2016 20:56 via telegraph.feedsportal.com
  
  Tell-tale signs of late-cycle excess have yet to emerge in the US or Europe. There is plenty of economic slack and credit growth is muted
  
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• Market Report: Homebuilders battered by global gloom

  08-02-2016 20:46 via telegraph.feedsportal.com
  
  Financial services and technology companies sunk as doubts about the health of the world economy took their toll
  
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• George Osborne will only become Prime Minister if he fixes the deficit

  08-02-2016 20:40 via telegraph.feedsportal.com
  
  The fiscal plans upon which the Chancellor has built his reputation are now hanging by a thread
  
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• How to plug the budget deficit? Osborne could tax banks and pension savers

  08-02-2016 19:56 via telegraph.feedsportal.com
  
  Analysts at the Institute for Fiscal Studies believe the Chancellor may miss his target to balance the books unless he raises taxes - and banks could be on the hit list
  
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• Lloyds bondholders win right to Supreme Court hearing

  08-02-2016 19:53 via telegraph.feedsportal.com
  
  The Supreme Court has announced that it will hear an appeal against an earlier ruling by the Appeal Court that gave Lloyds Banking Group the right to buy back high-interest bonds
  
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• Energy supply crunch looms as Staffordshire coal plant to close

  08-02-2016 19:38 via telegraph.feedsportal.com
  
  The second major coal plant closure announced in a week could drive the UK's risk of blackouts higher next winter
  
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• Fears over new financial crisis come back to haunt global markets as trading turmoil hits

  08-02-2016 19:30 via telegraph.feedsportal.com
  
  Anxiety over negative central bank interest rates and new bail-in laws send banking stocks spiralling in a turbulent day of trading
  
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• Barclays shares suspended as markets slump

  08-02-2016 19:21 via telegraph.feedsportal.com
  
  Turmoil in financial markets in Europe has hit Barclays harder than its UK-focused rivals
  
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• Modern love: the digital whizzkids cashing in on Valentine's Day

  08-02-2016 19:05 via telegraph.feedsportal.com
  
  Four firms selling to the online dating set
  
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• Norfolk-based jewellery firm raises £20m to launch in US market

  08-02-2016 19:00 via telegraph.feedsportal.com
  
  Monica Vinader, launched in 2007, took £23m in sales last year and has caught the eye of investors
  
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• Next time there's a crisis, the big banks should be allowed to fail

  08-02-2016 18:58 via telegraph.feedsportal.com
  
  If they don't pay for their mistakes, then there is no incentive not to keep repeating them
  
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• Questor share tip: Sell G4S as turnaround falters

  08-02-2016 18:56 via telegraph.feedsportal.com
  
  The security group is struggling to bring its debt pile under control with a challenging year ahead, says Questor
  
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• If we want to solve the housing crisis, we must answer these three questions | Paul Mason

  08-02-2016 18:12
  
  As housing charity Shelter turns 50, the country is still plagued by overcrowding, rogue landlords, insecure tenancies and homelessness. How do we even begin to make things better?Its official name was Navigation Street, and a glance at a 19th century map suggests its origin: an isolated row of terraced houses leading down to the canal that runs through the middle of my hometown.Canals were originally called “navigations” and the people who dug them “navvies”. This term &
  
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• Apple under pressure as lawyers pledge action over 'Error 53' codes

  08-02-2016 17:56
  
  Lawyers ponder class action suit against tech giant over ‘reckless policy’ of permanently disabling iPhone 6 handsets after software upgradesApple has come under pressure to scrap its controversial policy of permanently disabling repaired iPhone 6s when software is upgraded, following a global consumer backlash and claims the company could be acting illegally.At least one firm of US lawyers said it hopes to bring a class action against the technology giant on behalf of victims whose
  
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• BAE gets £201m for fresh design work on new nuclear submarines

  08-02-2016 17:18 via telegraph.feedsportal.com
  
  Replacement for ageing Trident submarines moves closer as BAE gets funding for advance work on new vessels
  
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• Oil trader Vitol says market may never see $100 a barrel again

  08-02-2016 16:41 via telegraph.feedsportal.com
  
  Vitol chief executive Ian Taylor says prices could remain between $40-$60 a barrel for a decade
  
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• India overtakes China as world's fastest growing major economy

  08-02-2016 16:30 via telegraph.feedsportal.com
  
  GDP growth in India hits 7.3pc at the end of 2015 and will rise to as high as 7.6pc in 2016
  
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• Growth star India overtakes China as world's fastest growing major economy

  08-02-2016 16:30 via telegraph.feedsportal.com
  
  GDP growth in India hits 7.3pc at the end of 2015 and will rise to as high as 7.6pc in 2016
  
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• Randgold Resources vows to keep exploring despite profit slump

  08-02-2016 16:19 via telegraph.feedsportal.com
  
  FTSE 100 gold miner is raising its dividend despite suffering a 9pc fall in the price of the metal in 2015
  
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• Liverpool ticket price row: club cancel televised Q&A with Ian Ayre

  08-02-2016 15:23
  
  • ‘Due to ongoing ticketing discussions, this will no longer take place’
  • Around 10,000 fans left in 77th minute of Sunderland match in protestLiverpool have cancelled a question and answer session with chief executive Ian Ayre as the row over ticket prices continues. Ayre was scheduled to answer queries sent in by fans via Twitter about the controversial 2016-17 pricing structure on the club’s television station at 6pm on Monday. Related: Jürgen Klopp admits Li
  
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• Edinburgh is magical. But a tourist tax could break its spell | Aimee Stanton

  08-02-2016 15:11
  
  I love my city, but I’ve seen how prices go through the roof during the festivals, and this new levy goes too far. We’ve got to stop fleecing our visitorsLast August, at a pop-up bar in a crumbling Edinburgh church-turned-venue, I paid just shy of £30 for two gin and tonics. There was no ice. No lime. And the tonic was your basic plastic litre bottle variety. I’m still upset about it.Inflated prices during August in Edinburgh are nothing new, but over the years I’ve
  
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• Franco-German central bankers call for creation of eurozone treasury

  08-02-2016 14:30 via telegraph.feedsportal.com
  
  EU must push forward with quantum leap in euro intregration as only way to ensure survival of single currency, say Bundesbank and Banque de France chiefs
  
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• German plan to impose limit on cash transactions met with fierce resistance

  08-02-2016 14:23
  
  Proposals to ban payments above €5,000 have been condemned in country where 79% of transactions are in cashA plan to introduce a limit on cash transactions in Germany has been met with fierce resistance across the country. Proposals to ban cash payments of more than €5,000 (£3,860) to combat money laundering and the financing of terrorism were revealed by the German finance ministry last week. They face opposition from a broad alliance of political parties as well as the country&
  
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• Mortgage rates hit nine-year low

  08-02-2016 14:15 via telegraph.feedsportal.com
  
  But banks are charging borrowers higher fees in a bid to boost their margins
  
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• Total begins first gas production from West of Shetland

  08-02-2016 14:11 via telegraph.feedsportal.com
  
  French energy giant says the area is the future of the UK oil and gas industry
  
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• 'Cut my bonus' says Credit Suisse boss after bank suffers big losses

  08-02-2016 13:24 via telegraph.feedsportal.com
  
  Chief executive Tidjane Thiam says he can't demand sacrifices from others "and not make any myself"
  
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• Npower cuts its gas prices, but experts slam 'trivial' reduction

  08-02-2016 13:21
  
  The 5.2% cut mirrors that of its ‘big six’ competitors, but not the 51% fall in wholesale gas pricesEnergy firm npower is the latest of the “big six” to announce a cut in gas prices, with customers set to see bills reduced by an average of 5.2%. Related: Outrage as loyal energy customers overpay by £300Continue reading...
  
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• It's curtain-up for £750m apartment block built on Shakespearean theatre

  08-02-2016 13:10
  
  The Stage scheme in Shoreditch, east London, will feature the remains of the 16th-century Curtain theatre and a heritage centre, as well as 412 apartmentsThe adverts call it the “greatest apartment release in history”, and the development has a more interesting backstory than most of the high-rises currently going up in London. The Stage scheme in Shoreditch, east London, is a £750m project on the site of the Curtain theatre, believed to be the scene of the first ever performan
  
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• New £750m Shoreditch development centred around remains of Shakespearean theatre

  08-02-2016 12:50 via telegraph.feedsportal.com
  
  The Stage will feature a sunken amphitheatre where plays can be performed - as well as a juice bar and spa for residents
  
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• Old Mutual sells bond investor Rogge to rival insurer Allianz

  08-02-2016 12:33 via telegraph.feedsportal.com
  
  Latest insurance deal as largest firms jostle for position
  
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• Rolls-Royce shares plunge to five-year low on dividend fears

  08-02-2016 12:05 via telegraph.feedsportal.com
  
  Car maker's stock falls on concerns over payout cut
  
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• Pure radio set for £15m sale as Imagination Technologies boss Hossein Yassaie quits

  08-02-2016 11:41 via telegraph.feedsportal.com
  
  Imagination Technologies, which makes microchips for Apple and 'Pure' digital radios, is looking for a new boss to lead a radical restructuring
  
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• Imagination Technologies boss Sir Hossein Yassaie steps down

  08-02-2016 11:41 via telegraph.feedsportal.com
  
  The chip designer's chief exec is leaving as it suffered from tough trading conditions in China
  
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• Financial market turmoil could blow a hole in Osborne's budget plans, says IFS

  08-02-2016 11:38 via telegraph.feedsportal.com
  
  Chancellor's 'inflexible' budget surplus rule could come at a high cost, warns IFS, leading to big tax rises or spending cuts
  
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• Looking for income? Bank shares are set to become the new 'utilities'

  08-02-2016 10:53 via telegraph.feedsportal.com
  
  Fund manager Guy Monson says unlikely at it seems now, 'utility-style banks' will become 'reassuringly dull sources of regulated dividend flows'
  
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• Busaba Eathai boss eyes Thai chain expansion

  08-02-2016 10:16 via telegraph.feedsportal.com
  
  Jason Myers, boss of London-focused Busaba Eathai, has ambitions plans to open sites across the country
  
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• BT finance director Tony Chanmugam to step down

  08-02-2016 09:18 via telegraph.feedsportal.com
  
  The UK telecoms giant has started the search for Mr Chanmugam's successor
  
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• Randgold Resources hails strong year despite profit slump

  08-02-2016 09:12 via telegraph.feedsportal.com
  
  FTSE 100 gold miner is raising its dividend despite difficult trading
  
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• British steel sector 'at risk of impending collapse'

  08-02-2016 09:05 via telegraph.feedsportal.com
  
  Business Secretary joins in Europe-wide plea to EC for anti-dumping action
  
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• The all-weather 'target' funds that experts tip to protect your cash

  08-02-2016 09:00 via telegraph.feedsportal.com
  
  'Targeted Absolute Return' funds promise a smoother ride - here's how to pick the right one
  
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• Financial detox: how to save money at work

  08-02-2016 09:00 via telegraph.feedsportal.com
  
  Senior Personal Finance Reporter Katie Morley shares a few simple tips to help save at work
  
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• Coolheaded algos holding on amid global energy price slide

  08-02-2016 08:51
  
  LONDON (Reuters) - The wild two-year downtrend in energy prices has been a nice ride for one phlegmatic Swedish hedge fund.
  
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• Brexit might not be all bad for gilts market

  08-02-2016 08:16
  
  LONDON (Reuters) - For all that some investors fear Britain leaving the European Union, holders of government debt have barely blinked, with prices near a three-year high last week and foreign investors making record purchases.
  
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• TalkTalk keeps sending us someone else’s letters

  08-02-2016 08:01
  
  The company sends letters and parcels for a ‘Miss Gray’ and we are worried this might be a scamPlease help us with a problem with TalkTalk. We have received a number of letters and packages addressed to a “Miss Gray”, which we have returned unopened. As we belong to a vulnerable age group, we are wary of anything that seems to be taking advantage. We cannot be sure our address is being used to deceive or that it is an offence, but it is an intrusion which causes anxiety,
  
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• My boss needs help after a family tragedy but I am bearing the burden

  08-02-2016 08:01
  
  We have a good relationship but I am having to work twice as hard to cope with her sudden absences Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I work in a very small team of four people who work within, but deliberately separate
  
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• Is a volatile stock market still the best alternative to risible savings rates?

  08-02-2016 08:00
  
  Investing in shares is not without risk, but if you do your research and can commit to a long-term strategy you could prosper. Esther Shaw reportsLike many people who want to make their savings work for them, Louise Dungate has become increasingly frustrated by low interest rates. Undaunted by the prospect of taking a risk, the knitwear designer from Balham in south-west London decided to dip her toe in the stock market in an attempt to get a better return.Despite the unsettled financial climate
  
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• Elderly in care homes forced to accept price hikes at short notice

  08-02-2016 08:00 via telegraph.feedsportal.com
  
  Research shows many care homes give residents just a week's notice of increased costs
  
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