Financial news

• HSBC will remain in London after board makes final decision on bank HQ

  14-02-2016 23:43 via telegraph.feedsportal.com
  
  Europe's biggest bank rules out a move to Asia after 20 directors agree to keep HSBC domiciled in the UK
  
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• Five bidders eye £2bn London City Airport deal

  14-02-2016 22:00 via telegraph.feedsportal.com
  
  An infrastructure vehicle backed by Asia's richest man is among five short-listed bidders expected to make offers for London City Airport this week
  
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• UK banks vulnerable to global shock, economist warns

  14-02-2016 21:34
  
  Sir John Vickers says UK banks are still at risk, with Beijing prepared to spend billions propping up Shanghai market as fears grow of new crashBritain’s banks are vulnerable to a global financial shock despite efforts to shore up their finances, according to the official who led the inquiry into the safety of UK banks following the 2008 crash.Sir John Vickers, who led the Independent Commission on Banking, said: “The Bank of England proposal is less strong than what the ICB recommen
  
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• Oil firm dividends to hold through 2017 despite delayed price recovery

  14-02-2016 21:34 via telegraph.feedsportal.com
  
  Analysts say that fears over shareholder dividend cuts are "overblown"
  
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• 99p Stores deal earns family less than hoped as losses hit £11m

  14-02-2016 21:32 via telegraph.feedsportal.com
  
  Recent accounts reveal weak trading at 99p Stores even before Poundland struck its £55m takeover
  
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• 'I'm halfway to a hippy warrior': Body Shop's problem-solver

  14-02-2016 21:06 via telegraph.feedsportal.com
  
  Jeremy Schwartz on keeping Anita Roddick's campaigning spirit alive
  
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• Tata Steel Europe boss to join protests against Chinese imports

  14-02-2016 20:04
  
  Thousands of steelworkers will stage a protest in Brussels against ‘unfair’ practices by Chinese steel companiesTata Steel’s European boss will join thousands of steelworkers on Monday in a protest against “unfair” practices by Chinese firms, amid rising diplomatic tension with the People’s Republic.Karl Koehler will take to the streets in Brussels as part of a demonstration against what Tata Steel called a “flood of unfairly traded imports into Europe&r
  
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• Graham Brady: 'Never mind Brexit, we need more runways'

  14-02-2016 20:02 via telegraph.feedsportal.com
  
  We risk cutting ourselves off from the world if we fail to improve runway capacity, warns Graham Brady, chairman of the 1922 Committee
  
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• Is touch-typing no quicker than doing it with two fingers?

  14-02-2016 19:15
  
  New research surprisingly suggests that untrained typists are often fasterHave you ever learned to touch-type? I ask because new research from Finland suggests that, if so, it was, um, probably a waste of time. The methods of professional typists have been studied for decades, going back to the 1920s, but Anna Maria Feit and Dr Daryl Weir at Aalto University noticed that there had been very little research into how people type in the real world – something that we now do more than ever. So
  
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• We're in trouble if market turmoil spills into the wider economy

  14-02-2016 18:54 via telegraph.feedsportal.com
  
  A cocktail of worries are competing for our attention: a slowdown in China, the weakness of some banks and the inefficacy of monetary policy
  
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• China's bank chief defends currency regime as markets poised for another volatile week

  14-02-2016 18:49 via telegraph.feedsportal.com
  
  Zhou Xiaochuan, governor of the People's Bank of China, blamed 'speculative forces' for attacking the value of the yuan
  
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• German poll finds one in three firms would leave UK after Brexit

  14-02-2016 18:44
  
  Bertelsmann Foundation’s survey of 700 British and German firms finds 29% would cut capacity or relocate with 80% firmly behind UK staying in the EUA poll of British and German companies operating in the UK has found that almost a third would consider moving jobs out of the country following a vote to leave the European Union.In a survey of 700 businesses by the Bertelsmann Foundation, 29% of British and German companies polled said they would either reduce capacities in the UK or relocate
  
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• Ex-VW boss 'aware of emissions cheating for a year' but did nothing, leaked report suggests

  14-02-2016 18:35 via telegraph.feedsportal.com
  
  Martin Winterkorn, former Volkswagen chief, was told millions of vehicles had cheated emissions tests - more than a year before the scandal emerged
  
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• Asian workers making M&S clothes paid far less than living wage – report

  14-02-2016 18:35
  
  Labour Behind the Label says workers in Sri Lanka, India and Bangladesh earn less than half what they need for decent livingWorkers making clothes for Marks & Spencer in Sri Lanka, Bangladesh and India are still not being paid sufficiently, six years after the retailer promised to support the payment of a living wage in those countries.Under the British chain’s Plan A environmental and social policy, it promised to “implement a process to ensure our suppliers are able to pay work
  
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• Why I'm not gripped by 'irrational despair' over the world's stock markets

  14-02-2016 18:10 via telegraph.feedsportal.com
  
  There are reasons to be cheerful following last week's stock market rout - but the spectre of eurozone weakness remains, writes Roger Bootle
  
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• UK new nuclear plan will fail without private investors, says Horizon chief

  14-02-2016 18:10 via telegraph.feedsportal.com
  
  Britain cannot just rely on state-backed enterprises like EDF and its Chinese partners to build a fleet of new nuclear reactors, Alan Raymant warns
  
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• HMRC and small firms face big loss after Blue Inc uses insolvency clause

  14-02-2016 18:09
  
  Officers Club owner could also cost landlords dearly after using controverisal procedure to shut 76 stores and cut 500 jobsThe taxman and small businesses face losing out on millions of pounds after clothing retailer Blue Inc used a controversial insolvency procedure to close loss-making stores.HMRC could lose £3m and suppliers £31.6m after Blue Inc, which also owns the Officers Club brand, used a pre-pack administration to get rid of 76 stores and cut 500 jobs. Continue reading...
  
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• Financial compatibility test: why bad credit could be a deal-breaker

  14-02-2016 16:46
  
  Ditch the first-date jitters – finding the right match comes with asking the right questions when it comes to your financial future togetherHappy Valentine’s Day! You’ve met the perfect guy/woman, and you’re heading out for your first V-Day dinner tonight. There is every reason to suppose that your romance will go well. You laugh at the same jokes, love the same movies, share the same dream vacations. You like each other’s friends. You both agree that Bernie Sanders
  
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• The innovators: how your coffee can light up your barbecue … and boiler

  14-02-2016 15:41
  
  The Bio-bean start-up recycles waste coffee grounds into biomass fuel pellets and coals that can fire up both boilers and BBQsWhile the distinctive smell of a barbecue may herald the first sign of summer, it is not often associated with energy efficiency.
  That may be about to change with the launch of a new type of barbecue coal called Hot Coffees, which hails from waste coffee grounds. Continue reading...
  
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• Puerto Rico woos US investors with huge tax breaks as locals fund debt crisis

  14-02-2016 14:38
  
  Schools and hospitals are at breaking point but the governor is offering hedge fund billionaires ‘unparalleled incentives’ to move to the Caribbean territoryLast week, billionaire New York hedge fund manager John Paulson invited hundreds of financiers to swap the bitter chill engulfing Wall Street for the sunny beaches of Puerto Rico for the weekend, if not for good.Related: Puerto Rico power utitility debt deal collapses after missed deadlineContinue reading...
  
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• Each generation should be better off than their parents? Think again

  14-02-2016 14:14
  
  From baby boomers through to generation X, the idea was that children would become better off than their parents. That dream is now dead – just ask generation rentPerpetual progress has been at the heart of western society for the past 150 years or more. The idea has been simple: each generation should be better off than their parents.So it was that the generation that came of age in the early 1950s looked back at the mass unemployment and poverty of the 1930s and thought they were blessed
  
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• British rock band Viola Beach reported killed in car crash in Sweden

  14-02-2016 14:12
  
  LONDON/STOCKHOLM (Reuters) - Britain's Foreign Office said five men, which Swedish media reported were the four members and manager of the rock band Viola Beach, were killed when their car crashed in Sweden early on Saturday morning.
  
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• National Lottery results: did you match the winning numbers in last night's Lotto draw and how much is the jackpot?

  14-02-2016 12:54 via telegraph.feedsportal.com
  
  There was no outright winner on Wednesday so the jackpot stands at £32.8m
  
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• Ministry of Justice's clamp down on pesky PPi calls not enough says Geoff Ho

  14-02-2016 12:37 via feedproxy.google.com
  
  FOR many people, claims management companies and their deeply irritating payment protection insurance compensation telephone calls are a blight on life.
  
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• Call to tighten UK's new property law to crack down on ‘dirty money’

  14-02-2016 11:55
  
  Rules should require foreign owners of prime London homes to come clean about beneficiary owners, say anti-corruption groupsNew laws that aim to stop the UK being a magnet for money launderers – by forcing the owners of properties to reveal their identities – should be applied retrospectively, leading anti-corruption organisations whose work has strongly influenced the government are saying.Transparency International and Global Witness say only tough new anti-laundering measures will
  
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• Brexit could risk tourists' safety and push up flight prices, say top travel figures

  14-02-2016 11:38
  
  EasyJet chief and ex-Tui boss urge UK to stay in EU as five previously Eurosceptic Labour figures support PM’s renegotiation package
  Two top travel industry figures have warned that Britain leaving the EU could risk tourists’ safety and push up flight prices. Less than a week before a crunch Brussels summit on David Cameron’s renegotiation package, the easyJet chief, Carolyn McCall, suggested a Brexit could herald a return to the days when flying was “reserved for the eli
  
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• IRA ghosts temper rise of Irish protest party Sinn Fein

  14-02-2016 10:09
  
  DUBLIN (Reuters) - Irish protest party Sinn Fein is set to reap the rewards of opposing austerity with a major breakthrough at elections this month, but its push to enter government has stumbled over an improving economy and unease about its ties to the IRA.
  
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• Who will be crowned as BAE’s next king?

  14-02-2016 10:00
  
  After two large orders fell through, investors are keen to learn who will be in control of the defence groupSo how long will it take before the replacement is announced? That, essentially, is the big question facing BAE Systems this week, when the defence group unveils its annual results.The replacement isn’t so much the £31bn proposal for a new submarine class to succeed Vanguard and carry Britain’s nuclear deterrent (although that’s an important question for the company
  
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• Steel is suffering like coal once did: but Cameron will not oppose China

  14-02-2016 10:00
  
  America has imposed massive tariffs, but Britain’s courtship of Beijing may leave British steelmakers with no protectionA historic industry is plunged into peril as the life is slowly squeezed from it by slowing demand and a flood of cheap imports as the government merely stands by. Sound familiar?It is the grim reality facing British steelmaking. But to anyone with a sense of recent industrial history it is unlikely to come as a surprise; this was also how Britain’s once mighty coal
  
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• It’s not enough that homeowners prosper. Everyone should

  14-02-2016 10:00
  
  Osborne claims inequality is declining but the economy – and society – will suffer if he fails to invest in the younger generationGeorge Osborne is known for his helicopter trips to Tory dinners, his £4m trust-fund fortune and links to the aristocracy as heir to an Irish baronetcy. Cementing his reputation as a champion of the richest 1%, the chancellor cut the 50p top rate of tax, cut tax credits (despite making great play of not doing so) and handed bankers an escape clause b
  
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• 'Why have we got two gas meters?'

  14-02-2016 09:15 via telegraph.feedsportal.com
  
  A couple, £3,500 in credit, have no idea how much they should be paying for gas because of a Scottish Power meter muddle
  
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• New Radicals 2016: how to make a positive impact

  14-02-2016 08:30
  
  Every two years, the Observer and the innovation charity Nesta recognises 50 trailblazers who work for the public good. Here we launch this year’s competition – and catch up with previous winners
  • Submit your nomination for New Radicals 2016 here
  • Read about 2014’s new radicals
  Four years ago, the Observer and Nesta, the charity that promotes innovation in society, jointly launched a hunt for Britain’s 50 new radicals – people, projects and organisations
  
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• Simon Weston: 'The MoD offered me £30,000 at 21 to give up a lifelong pension'

  14-02-2016 08:15 via telegraph.feedsportal.com
  
  Fame & Fortune: The Falklands hero on youthful parking scams and how finding himself on the scrap-heap aged just 25 inspired him to campaign for others
  
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• 30 years of bear markets - history tells us what's next

  14-02-2016 08:15 via telegraph.feedsportal.com
  
  Is the bear market here to stay? We look back at previous sell-offs to try and find the answer
  
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• Councils 'needlessly' forcing elderly to sell homes to pay for care

  14-02-2016 08:03 via telegraph.feedsportal.com
  
  Councils are failing to tell families of arrangements whereby they can keep their homes and go into care
  
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• Older British Airways staff face pension drop of up to 15pc

  14-02-2016 08:00 via telegraph.feedsportal.com
  
  Those looking to transfer their final salary pensions into cash face drastic cuts from April
  
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• 'Lloyds made me bank online'

  14-02-2016 07:15 via telegraph.feedsportal.com
  
  A customer of the bank, seeking paper copies of his statements, is mistakenly registered for internet banking
  
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• How to turn your bedroom into a super-suite sanctuary

  14-02-2016 07:00 via telegraph.feedsportal.com
  
  The trend for 'super-suites' - turning a bedroom into your very own palace - is taking inspiration from hotels
  
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• Lidl and Aldi push up UK market share

  14-02-2016 01:01 via feedproxy.google.com
  
  DISCOUNT supermarkets Lidl and Aldi were the fastest growing supermarkets last year and took close to 10 per cent of the grocery market, new research from Kantar Worldpanel shows.
  
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• Five-minute guide to making a home insurance claim

  14-02-2016 01:01 via feedproxy.google.com
  
  AS YET more wild weather sweeps the UK, you need to make sure your home is protected against the worst.
  
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