Financial news

• Presses to fall silent at Independent as paper goes online-only

  12-02-2016 22:54
  
  LONDON (Reuters) - Britain's Independent is to disappear from news stands next month after its owner took the left-leaning title online only, one of the first national newspapers in the world to buckle under pressure from the internet.
  
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• Germany's Merkel says getting confident about UK deal with EU

  12-02-2016 22:50
  
  HAMBURG (Reuters) - German Chancellor Angela Merkel said on Friday she is becoming more confident a deal to keep Britain in the European Union will be reached, but she warned more compromises may be needed on both sides.
  
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• Don't use this crisis to ban cash and banknotes

  12-02-2016 20:53 via telegraph.feedsportal.com
  
  Abolishing cash would come with terrible side-effects - including the death of privacy
  
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• Lloyds: the bank that thinks it's above the law

  12-02-2016 20:29 via telegraph.feedsportal.com
  
  This shamed and broken bank is now treating the Supreme Court with contempt
  
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• Investors, the best thing you can do is ignore Osborne, Carney, Yellen and Lagarde

  12-02-2016 20:22 via telegraph.feedsportal.com
  
  The job of central bankers and senior economic policymakers should be to encourage us to focus on the underlying economic position - unfortunately, they have come across as doing the opposite
  
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• UK arrests teen suspected of hacking CIA chief

  12-02-2016 20:19
  
  WASHINGTON (Reuters) - A 16-year-old boy in Britain has been arrested on criminal charges related to the alleged hacking of email accounts used by CIA director John Brennan and other U.S. officials, according to U.S. and British sources familiar with the investigation.
  
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• George Osborne's buy-to-let raid risks damaging UK economy

  12-02-2016 19:50 via telegraph.feedsportal.com
  
  Treasury Committee says the Chancellor's measures to curb the buy-to-let housing market could cost jobs and put a brake on growth
  
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• How to get free water and energy saving products to knock £95 a year off bills

  12-02-2016 19:42 via telegraph.feedsportal.com
  
  Save Water Save Money is giving away free energy and water saving products to 15m households
  
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• BT risks losing '£1.25bn' to cheaper competitors, says UBS

  12-02-2016 19:28 via telegraph.feedsportal.com
  
  BT will lose out to cheaper competitors and tough regulations on its broadband network, Openreach, according to a new study
  
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• Sell-off silver lining: Mortgage rates to plunge within days

  12-02-2016 19:19 via telegraph.feedsportal.com
  
  Violent moves in the wholesale markets will trigger lower rates and cheaper deals within days
  
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• Bank of England paves the way for sharia-friendly finance products

  12-02-2016 19:15 via telegraph.feedsportal.com
  
  Islamic finance has rapidly expanded over the past decade and there is now more than $2 trillion in Islamic financial assets
  
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• Murdoch, Jerry Hall to celebrate marriage at 'journalists' church' St Bride's

  12-02-2016 19:04
  
  LONDON (Reuters) - Media mogul Rupert Murdoch and former supermodel Jerry Hall will hold a marriage service next month at St Bride's church on London's Fleet Street, the spiritual home of British journalism.
  
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• Fraudster 'King Popper' ordered to repay £2.65m

  12-02-2016 18:52 via telegraph.feedsportal.com
  
  Jailed 27-year-old Alex Hope has to repay the record sum to victims of his fraud, but it only amounts to 55pc of the money they lost
  
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• 'Amex took my payment twice'

  12-02-2016 18:51 via telegraph.feedsportal.com
  
  A computer glitch results in twice the amount of money being debited
  
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• Gift card's hidden expiry date

  12-02-2016 18:43 via telegraph.feedsportal.com
  
  A retiree tries to use a present only to find that it is no longer valid
  
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• Landmark Dublin hotel to be sold

  12-02-2016 17:48 via telegraph.feedsportal.com
  
  Ireland's bad bank is looking to take advantage of booming property prices
  
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• Let’s move to Abbey Wood, south-east London

  12-02-2016 17:30
  
  It’s being reimagined. Crossrail is coming. It’s boomtime. IshWhat’s going for it? That’s the thing about urban fortunes: you never know what’s round the corner. One minute you’re living in Notting Hill, slum, the next minute Notting Hill, Notting Hill. Abbey Wood’s my dad’s patch. He left in the 1960s when the docks were on the slide, and thought he’d try his luck in a starter home past the green belt. As you did back then. Maybe Dad should
  
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• Time to panic? No, follow the investment rulebook

  12-02-2016 17:24 via telegraph.feedsportal.com
  
  Sell? No, keep calm and adopt the simple disciplines that worked for this investor
  
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• The beginner's guide to a financial crisis

  12-02-2016 17:16 via telegraph.feedsportal.com
  
  The news is full of stories about plunging stock markets and financial panic. What's really going on?
  
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• The Economist sells London office to US firm

  12-02-2016 17:09 via telegraph.feedsportal.com
  
  Publishing company will leave its London office following Pearson's sale of its stake in the business
  
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• North Sea crisis raises UK gas supply risk, former energy minister warns

  12-02-2016 17:05 via telegraph.feedsportal.com
  
  The global glut of gas and oil is expected to give way to a supply shortfall by 2020 - and the UK is unprepared
  
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• Aldi cuts prices in fresh assault on supermarket rivals

  12-02-2016 16:44 via telegraph.feedsportal.com
  
  The discounter has reacted to rival Morrisons' efforts to match it on prices
  
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• What are the super-rich planning for Valentine's Day?

  12-02-2016 16:20 via telegraph.feedsportal.com
  
  From a rare pair of Gucci shoes, to spending £110,000 releasing an album, Britain's wealthiest are pulling out all the stops
  
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• RBS boss Ross McEwan: UK financial sector 'better off' in EU - BBC News

  12-02-2016 16:12
  BBC News
  RBS boss Ross McEwan: UK financial sector 'better off' in EU
  BBC News
  The chief executive of Royal Bank of Scotland says he believes the UK financial sector would be better off inside the European Union. Speaking in an interview with BBC Newsnight, Ross McEwan said the uncertainty caused by the EU vote could "slow down ...en meer »
  

• Flotations pulled as market chaos trashes listing hopes

  12-02-2016 15:58 via telegraph.feedsportal.com
  
  Twenty stock market flotations have been cancelled so far this year in Europe and the US
  
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• The ‘buy one, get one free’ offer has had its day. I’m glad | Rebecca Smithers

  12-02-2016 15:56
  
  As Sainsbury’s phases out ‘bogof’ offers, supermarkets may finally be listening to customers, who are more interested in low prices than gimmicks“Price drops” where the price goes up; two-for-one deals that actually leave you out of pocket; special offers that are anything but special … the buy one get one free (bogof) when you realise later that you don’t actually need the extra one. Even – currently – buy two, get two free on Easter eggs,
  
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• EE grows 4G network to 14m as it prepares for shake-up under BT

  12-02-2016 15:12 via telegraph.feedsportal.com
  
  Britain's biggest mobile company, EE, posts £6bn revenues in its last trading update as an independent company
  
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• Oil industry downturn clobbers Aberdeen's office market

  12-02-2016 14:56 via telegraph.feedsportal.com
  
  Vacant office space in Aberdeen has soared as revenue from North Sea oil contracts
  
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• Deutsche Bank to bolster market with €4.8bn bond purchases

  12-02-2016 14:45 via telegraph.feedsportal.com
  
  The German bank has been struggling with diving bond and share prices but now wants to prove to markets that it has substantial financial resources
  
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• Premier Oil shelves Falklands Islands well

  12-02-2016 14:24 via telegraph.feedsportal.com
  
  UK oil explorer has scrapped a contract with its rig supplier after multiple operational issues
  
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• Stagnating Italy poses new headache for stuttering eurozone

  12-02-2016 13:45 via telegraph.feedsportal.com
  
  Prime minister Mattteo Renzi hits out at Brussels' austerity medicine as euro's third largest economy grinds to a halt
  
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• UK growth to take a hit as builders and factories disappoint

  12-02-2016 13:25 via telegraph.feedsportal.com
  
  Britain will be increasingly reliant on its dominant services sector for growth
  
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• The Independent newspaper confirms an end to print production

  12-02-2016 13:19 via telegraph.feedsportal.com
  
  The Independent has confirmed that it will end print production next month
  
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• S&P downgrades Deutsche Bank's riskiest bonds

  12-02-2016 13:17 via telegraph.feedsportal.com
  
  Deutsche's coco bonds are unusually risky because the bank can only pay them off from a limited set of funds
  
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• UK first-time buyers 'spend more than £50,000 on rent'

  12-02-2016 12:43
  
  Arla report reveals that those buying their first home in 2016 will have paid an average of £52,900 in rentPeople who buy their first home in England in 2016 will have spent more than £50,000 on rent since moving out of their family home, a report by letting agents has found.Figures from the Association of Residential Letting Agents (Arla) show that UK tenants spent an average of 22% of their wages on rent last year, and that buyers getting on the ladder this year will have previousl
  
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• Sole traders: shrewd investors should follow in Kanye West's footsteps

  12-02-2016 12:12
  
  Price of Rapper’s YEEZY Boost Adidas trainers has risen 1,300% in two months on eBay, easily outperforming goldThe lack of safe investments in today’s febrile economic climate has led to rare whisky and even handbags being touted as the best place to stash your cash.But it turns out that the most profitable investment of the lot might be US rapper Kanye West’s snazzy trainers. Continue reading...
  
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• What's behind the global stock market selloff?

  12-02-2016 12:04
  
  NEW YORK (Reuters) - Global stock markets are on their shakiest footing in years.
  
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• Watchdog fines GSK £37m for paying to keep generic drugs out of UK market

  12-02-2016 11:25 via telegraph.feedsportal.com
  
  The pharmaceuticals giant says it is appealing the decision
  
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• Jim Mellon: Load up on Japan before the 'one day 1000-point rise'

  12-02-2016 11:11 via telegraph.feedsportal.com
  
  Japan's stock market has fallen by 22pc this year, but Jim Mellon, a renowned British investor, is buying
  
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• Jim Mellon: It is time to load up on Japan

  12-02-2016 11:11 via telegraph.feedsportal.com
  
  Japan's stock market has fallen by 22pc this year, but Jim Mellon, a renowned British investor, is buying
  
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• National Lottery: what time is Saturday's Lotto draw, how much is the jackpot and where can I buy a ticket?

  12-02-2016 11:08 via telegraph.feedsportal.com
  
  There was no outright winner on Wednesday so the jackpot this Saturday will be £32.8m
  
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• New buy-to-let lender uses postcodes to predict risk

  12-02-2016 11:02 via telegraph.feedsportal.com
  
  Lender promises better rates for landlords in London and other high-demand areas - and lets them borrow more relative to rental income
  
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• Gender pay gap reporting for big firms to start in 2018

  12-02-2016 10:46
  
  MPs and unions angered by delay after Cameron had promised to introduce new rules on pay transparency for companies with more than 250 employees in 2016 Female employees will have to wait another two years to find out if they are paid less than their male counterparts as the government unveiled plans for a league table ranking large firms by gender pay gap from 2018.In a move long resisted by business groups and parts of the Tory party, companies with more than 250 employees will have to disclos
  
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• Global growth concerns to delay interest rate move, warns Nationwide

  12-02-2016 09:53 via telegraph.feedsportal.com
  
  Building society warns interest rates won't rise until late 2016 at the earliest
  
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• With prize in sight, Brexit camp risks dashing its dream

  12-02-2016 09:37
  
  WITHAM, England - Striding through a housing estate in the drizzle to hand out leaflets, 52-year-old builder Kevin Lovett throws up his arms in despair as he rails against the deceit he sees at the heart of the European Union.
  
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• Countryside IPO fetches £1bn price tag

  12-02-2016 09:20 via telegraph.feedsportal.com
  
  The construction company has listed on the stock market with its shares priced at 225p
  
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• 'I need £1,000 a month from my £400,000 pot - how can I do it?'

  12-02-2016 09:05 via telegraph.feedsportal.com
  
  Risking money by investing may be unappetising as markets plunge, but cash accounts won't do the job
  
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• Leading market historian: 'Shares could halve from here'

  12-02-2016 09:03 via telegraph.feedsportal.com
  
  Financial historian Russell Napier gives his take on how to spot the bottom of a bear market
  
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• Rolls-Royce soars after it slashes dividend but holds guidance

  12-02-2016 08:42 via telegraph.feedsportal.com
  
  Shares in engineer Rolls-Royce jump 15pc as it bolsters finances by halving shareholder payout and eases fears by not issuing fresh profit warning
  
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• When even Tory MPs can't buy homes, how can Cameron deny the crisis?

  12-02-2016 08:10
  
  If basic decency can’t convince the government to act on housing affordability, perhaps public embarrassment willIt’s been a tough week for David Cameron: first with the revelation that his own mother had signed a petition opposing cuts her son had pushed through, then his aunt Clare telling reporters her nephew had made a “great, great error” in pursuing the cuts. Aside from the attendant social awkwardness Cameron can expect at family gatherings now, the schadenfreude a
  
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