Financial news

• UK living standards return to pre-financial crash levels - The Guardian

  15-02-2016 23:00
  The Guardian
  UK living standards return to pre-financial crash levels
  The Guardian
  Resolution Foundation says the longest squeeze on households in living memory has come to an end. Photograph: Andrew Aitchison. Larry Elliott Economics editor. Monday 15 February 2016 17.00 EST Last modified on Monday 15 February 2016 19.40 EST.en meer »
  

• Hollande tells Cameron still work to be done on EU deal

  15-02-2016 22:45
  
  PARIS/LONDON (Reuters) - French President Francois Hollande reckons there is work still to be done to secure a deal at a European Union summit this week to help keep Britain in the EU, a presidency source said after a visit by British Prime Minister David Cameron.
  
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• City News: Hornby, Reckitt Benckiser, BAE, Garrett-Cox

  15-02-2016 22:30 via feedproxy.google.com
  
  RICHARD Ames has quit as boss of Hornby less than a week after warning it could breach a lending agreement with its bank as it heads towards a £6million annual loss.
  
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• Analysts say HSBC staying in Britain a 'missed opportunity' – but shares rise on news

  15-02-2016 22:11 via feedproxy.google.com
  
  HSBC bank said it will have “the best of both worlds” as it committed to keeping its headquarters in the UK while driving growth in Asia.
  
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• Katherine Garrett-Cox was simply the right person for Alliance Trust at the wrong time

  15-02-2016 21:38 via telegraph.feedsportal.com
  
  It could be argued that as a result of the "City superwoman" moniker, one of the City's few female bosses was always set up for a fall
  
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• Botched Brexit negotiations could damage the eurozone, admits ECB's Mario Draghi

  15-02-2016 20:42 via telegraph.feedsportal.com
  
  Central bank chief warns that single market and future of the European monetary union must be protected
  
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• German 'bail-in' plan for government bonds risks blowing up the euro

  15-02-2016 20:27 via telegraph.feedsportal.com
  
  'If I were a politician in Italy, I'd want my own currency as fast as possible: that is the only way to avoid going bankrupt,' said German 'Wise Man'
  
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• HSBC has wasted its political capital in an unnecessary domicile review

  15-02-2016 19:58 via telegraph.feedsportal.com
  
  The bank won a short-term victory on the Bank Levy, but throwing its toys out of the pram was a tactical blunder that puts itself in a much worse negotiating position for the future
  
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• Aldi to create 5,000 new jobs as its adverts are branded "disingenuous"

  15-02-2016 19:55 via telegraph.feedsportal.com
  
  Discount supermarket is opening 80 new UK shops but its advertising campaign has been criticised as "misleading" by analysts
  
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• Why angel investors shouldn't be lone wolves

  15-02-2016 19:52 via telegraph.feedsportal.com
  
  Tapping the wisdom of the crowd is the way to pick winners, say Crowdcube's founders
  
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• Brantano rescue deal saves close to 1,400 jobs

  15-02-2016 19:49 via telegraph.feedsportal.com
  
  Retail turnaround firm offloads 58 shops through a pre-pack deal but rescues 1,372 jobs
  
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• George Osborne's promises to the City 'kept HSBC in London'

  15-02-2016 19:43 via telegraph.feedsportal.com
  
  HSBC chairman Douglas Flint says the Chancellor's promises to support the City of London and to boost trade with China helped stop the bank from quitting the UK
  
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• PPI claims firms face crackdown on fees

  15-02-2016 19:36 via telegraph.feedsportal.com
  
  Banks welcome tighter rules on 'unscrupulous' claims management firms
  
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• Crowdfunding is good for our economy, so we should be able to live with a few failures

  15-02-2016 19:33 via telegraph.feedsportal.com
  
  The crowd is likely to be far better at picking business winners than the so-called experts
  
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• Crime, terrorism and tax evasion: why banks are waging war on cash | Paul Mason

  15-02-2016 19:15
  
  Governments would love to see the end of banknotes. But what would a cashless society mean for freedom?I can remember the moment I realised the era of cash could soon be over.It was Australia Day on Bondi Beach in 2014. In a busy liquor store, a man wearing only swimming shorts, carrying only a mobile phone and a plastic card, was delaying other people’s transactions while he moved 50 Australian dollars into his current account on his phone so that he could buy beer. The 30-odd youngsters
  
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• Questor share tip: Defensive Reckitt Benckiser shares soar as sales accelerate

  15-02-2016 19:08 via telegraph.feedsportal.com
  
  The household goods company is enjoying strong growth of its cold and flu medicines, but the shares are looking expensive, says Questor
  
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• FTSE 100 closes higher after Asian markets soar as strong yuan eases fears of devaluation

  15-02-2016 19:08 via telegraph.feedsportal.com
  
  Market report: IAG jumps on rating upgrade
  
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• Legal complications to dull funds' appetite for new Russian bonds

  15-02-2016 19:06
  
  LONDON/MOSCOW Feb 15 (Reuters) - Emerging market funds starved of new sovereign debt this year should relish the prospect of Russia selling $3 billion of bonds - but their lawyers are warning them of guilt by association.
  
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• European shares rise as bank and telecom stocks jump

  15-02-2016 18:45
  
  * Greek stock market rises 7.4 pct (Updates with closing prices)
  
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• UPDATE 1-EU's Tusk: talks to keep Britain in EU at critical moment

  15-02-2016 18:38
  
  BUCHAREST, Feb 15 (Reuters) - European Council leader Donald Tusk said an EU summit in Brussels on Thursday will be crucial for the future of the bloc, with talks to keep Britain in the EU at critical moment.
  
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• German regulator to investigate 'closet index funds'

  15-02-2016 18:37
  
  FRANKFURT/LONDON, Feb 15 (Reuters) - Germany's markets regulator said on Monday it would investigate whether asset managers mislead investors by selling actively managed funds which then tracked a benchmark index too closely.
  
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• Venezuela oil minister arrives in Qatar, has no comment-witness

  15-02-2016 18:27
  
  DOHA, Feb 15 (Reuters) - Venezuelan Oil Minister Eulogio Del Pino arrived in the Gulf state of Qatar, a fellow OPEC member, on Monday, a witness said.
  
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• EU's Tusk: talks to keep Britain in EU at critical moment

  15-02-2016 18:27
  
  BUCHAREST, Feb 15 (Reuters) - European Council leader Donald Tusk said an EU summit in Brussels on Thursday will be crucial for the future of the bloc, with talks to keep Britain in the EU at critical moment.
  
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• ECB backs proposals to revive EU market for asset-backed securities

  15-02-2016 18:13
  
  BRUSSELS, Feb 15 (Reuters) - ECB President Mario Draghi backed a plan to revive Europe's weakened market for asset-backed securities (ABS), saying on Monday that it was well designed to strengthen the sector while guaranteeing financial stability.
  
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• Now ECB chief admits European banks ARE facing 'challenges' amid meltdown fears

  15-02-2016 18:02 via feedproxy.google.com
  
  THE head of the European Central Bank has admitted some of the eurozone's biggest banks are facing difficult times ahead amid fears of a new financial crisis in Europe.
  
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• EU flags mobile price concerns over Hutchison's Italy move

  15-02-2016 17:56
  
  BRUSSELS, Feb 15 - EU antitrust regulators have flagged concerns about possible price hikes if CK Hutchison Holdings' Italian unit merges with a Vimpelcom unit, cutting Italy's mobile network operators from four to three.
  
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• UPDATE 2-ECB ready to act, keeps eye on bank stocks, oil prices - Draghi

  15-02-2016 17:50
  
  BRUSSELS/FRANKFURT, Feb 15 (Reuters) - The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices.
  
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• UPDATE 1-Euro zone inflation expectations lift off record lows on stronger yuan

  15-02-2016 17:47
  
  LONDON, Feb 15 (Reuters) - Euro zone long-term inflation expectations rebounded from record lows on Monday after China's central bank fixed the yuan rate stronger, easing some recent worries about a devaluation.
  
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• Prosecutors want investigation into Bank of Italy governor shelved

  15-02-2016 17:38
  
  MILAN/ROME, Feb 15 (Reuters) - Italian prosecutors investigating Bank of Italy Governor Ignazio Visco over the collapse and sale of Banca Popolare di Spoleto (BPS) have asked for the case to be shelved, a lawyer representing the complainants said.
  
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• Time running out for Isa savers: Top fund picks for your cash

  15-02-2016 17:22 via feedproxy.google.com
  
  SAVERS are running out of time to shelter cash and investments from the taxman by using this year's Isa limits - here's where to get the best returns.
  
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• Old, ill, disabled or vulnerable? Find out the help you are entitled to

  15-02-2016 17:13 via feedproxy.google.com
  
  If you are old, ill, disabled or vulnerable you are entitled to extra free help but many of you are not claiming it.
  
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• Greece's outspoken ex-finance minister Yanis Varoufakis tells Britain to stand up to EU 'farce'

  15-02-2016 17:00 via telegraph.feedsportal.com
  
  Yanis Varoufakis argues Britain should focus on reforming the 'deeply anti-democratic' union, and it would be a mistake to leave
  
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• European stocks rise sharply on banks, telecoms

  15-02-2016 16:56
  
  * Greek stock market rises 7.4 pct (Updates prices, adds detail)
  
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• ECB considers scrapping 500 euro note

  15-02-2016 16:39
  
  FRANKFURT, Feb 15 (Reuters) - The European Central Bank is examining ditching the 500-euro note, its president said on Monday, describing the note used by savers to hoard tens of billions of euros as an instrument also used by criminals.
  
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• Yorkshire and London are the UK's moaniest places

  15-02-2016 16:38
  
  The last two years have seen a big jump in how much the average Briton complains – with 2015’s whinges being led by those from God’s own country and the capitalName: Complaining.Age: How can “complaining” have an age? Continue reading...
  
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• Solar tower in desert promotes Israel's renewable energy drive

  15-02-2016 16:08
  
  ASHALIM, Israel, Feb 15 (Reuters) - In a vast expanse of open desert in southern Israel a 787-foot tower (240 metres) is taking shape that its builders hope will help make solar energy much more cost effective.
  
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• Investors return cautiously to gold after drubbing

  15-02-2016 15:51
  
  LONDON, Feb 15 (Reuters) - Negative interest rates, financial turmoil and a weaker dollar should be drawing investors into gold, the traditional "safe haven". Some are indeed returning, but after a dismal few years for bullion, so far they are dipping in their toes at most.
  
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• Steel summit calls for tougher action on Chinese imports

  15-02-2016 15:42 via telegraph.feedsportal.com
  
  Industry demands harsher trade duties and faster action to save Europe's crisis-hit steel sector, but little hope of action from European Commission
  
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• UPDATE 1-EU's Tusk hopes for Brussels deal on Britain's reform demands

  15-02-2016 15:41
  
  PARIS, Feb 15 (Reuters) - European Council leader Donald Tusk said on Monday he hoped the UK and other EU nations would agree on a deal to keep Britain in the European Union at a summit in Brussels at the end of the week.
  
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• UK regulators demand five-year references for senior bankers

  15-02-2016 15:31
  
  LONDON, Feb 15 (Reuters) - Financial firms hiring senior staff will need references going back a minimum of five years to prevent bankers covering up past misconduct, the Bank of England said on Monday, ditching an earlier proposal for a longer period.
  
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• Sunderland reduce adult season-ticket prices to as low as £18 per game

  15-02-2016 15:30
  
  • Adult season tickets will start at £350 and go no higher than £475
  • Sunderland are 19th and face a battle to stay in the Premier LeagueSunderland have announced season-ticket price reductions at the Stadium of Light for next season. The cost of an adult season ticket will start at £350, which averages at £18 per game in the top flight, and would still compare favourably if the Black Cats are relegated to the Championship. Related: Football must be affordable
  
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• RPT-ECB chief Draghi says ready to act in March

  15-02-2016 15:28
  
  FRANKFURT, Feb 15 (Reuters) - The European Central Bank is ready to ease policy in March if the financial market turmoil or the pass-through effect of low energy prices reduces inflation expectations, President Mario Draghi said on Monday.
  
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• ECB chief Draghi says ready to act in March

  15-02-2016 15:11
  
  FRANKFURT, Feb 15 (Reuters) - The European Central Bank is ready to ease policy in March if the financial market turmoil or the pass-through effect of low energy prices reduces inflation expectations, President Mario Draghi said on Monday.
  
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• Investor shifts millions of savers' cash out of small firms on Brexit fears

  15-02-2016 14:58 via telegraph.feedsportal.com
  
  Investing platform Nutmeg said smaller companies will suffer more from referendum uncertainty than large firms
  
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• Zurich UK Life appoints chief financial officer - Citywire.co.uk

  15-02-2016 14:42
  Citywire.co.uk
  Zurich UK Life appoints chief financial officer
  Citywire.co.uk
  Pickford (pictured) will succeed Neil Evans in the role, who will retire at the start of April. She was previously finance director at insurance company Aegeas, and has also worked for insurance company Affinity. Zurich has not revealed who will ...en meer »
  

• Save £2,082 - just by ditching these five bad financial habits

  15-02-2016 14:37 via telegraph.feedsportal.com
  
  Don't just give up chocolate or alcohol for Lent - get your finances into shape and save thousands
  
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• Save £2,082 - just by ditching these bad financial habits

  15-02-2016 14:37 via telegraph.feedsportal.com
  
  Don't just give up chocolate or alcohol for Lent - get your finances into shape and save thousands
  
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• UK would be a 'better place' if it left the European Union, claims Tosca

  15-02-2016 14:32 via telegraph.feedsportal.com
  
  Hedge fund says attempts by other EU nations to "economically ostracise" the UK are likely to backfire
  
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• UK would be a 'better place' if it left the European Union, claims one of London's biggest hedge funds

  15-02-2016 14:32 via telegraph.feedsportal.com
  
  Toscafund says attempts by other EU nations to "economically ostracise" the UK are likely to backfire
  
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• Mapped: Why negative central bank interest rates herald new danger for the world

  15-02-2016 14:30 via telegraph.feedsportal.com
  
  Negative rates are becoming the "new abnormal" in a shaky world economy. With fresh panic hitting markets, are we finally hitting the limits of what monetary policy can achieve? Click on the countries to find out
  
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