Financial news

• Billionaire activist investor Carl Icahn cuts Apple stake

  16-02-2016 23:57 via telegraph.feedsportal.com
  
  Investors sell down Apple holdings, as iPhone maker gears up to issue $12bn worth of bonds
  
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• There will be another crisis. It's just a question of when

  16-02-2016 22:05 via telegraph.feedsportal.com
  
  All eyes are trained on the meeting of G20 finance ministers and central bank governors in Shanghai later this month
  
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• More than 60% of international students in Sydney underpaid – survey

  16-02-2016 21:49
  
  Survey of 1,433 international students finds that of 274 working part-time, 60% were paid less than the minimum wage and 35% were paid $12 or less an hourNew research shows 60% of international students in Sydney earn less than the national minimum wage, and many more miss out on the mandatory casual loading and other penalty rates for evenings and weekends.The findings come from a survey of 1,433 international students working in Sydney by a Sydney University business school academic, Stephen C
  
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• UK Financial Regulatory Developments - February 2016 #8 - JD Supra (press release)

  16-02-2016 21:01
  UK Financial Regulatory Developments - February 2016 #8
  JD Supra (press release)
  The Upper Tribunal has made its decision concerning the procedure to follow in references made by former members of Keydata Investment Services Ltd's (Keydata) senior management. The tribunal refused an FCA application for a split trial in relation to ...
  

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• 'Too big to fail' banks are as big a threat as nuclear power plants, says Fed

  16-02-2016 20:58 via telegraph.feedsportal.com
  
  Regulators must consider breaking up America's biggest financial institutions to make the system safer, says Fed policymaker
  
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• Woman wins court fight over home she shared with married man

  16-02-2016 20:52
  
  Judge rules Joy Williams can make claim against estate of Norman Martin, with whom she lived in ‘loving and committed’ relationshipA woman has won a legal battle after half the home she shared with her partner of almost two decades passed to his estranged wife after his death.Joy Williams expressed her “relief and delight” after a judge at the central London county court ruled in her favour on Tuesday.Continue reading...
  
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• India warns Vodafone it could seize assets over unpaid £1.5bn tax bill

  16-02-2016 20:47 via telegraph.feedsportal.com
  
  Vodafone has repeatedly clashed with the Indian government since it paid $11bn for a 67pc stake in Hutchison Whampoa's mobile phone business in 2007
  
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• VW accounts delay 'may signal bigger costs from emissions scandal'

  16-02-2016 20:21 via telegraph.feedsportal.com
  
  Embattled car maker Volkswagen may be preparing to report much bigger costs from 'dieselgate' scandal, says Standard & Poor's
  
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• Metro Bank becomes latest victim of rocky markets as it slashes pre-float fundraising

  16-02-2016 20:15 via telegraph.feedsportal.com
  
  Founder and chairman Vernon Hill says vote of confidence that investors still willing to back bank amid turbulent markets
  
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• UK business gas supplies could be diverted to households in Europe, under EU crisis plan

  16-02-2016 20:07 via telegraph.feedsportal.com
  
  Government says it will oppose plans for new EU law introducing solidarity principle on gas supplies
  
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• The banking reform agenda has descended into a confused and counter-productive mess

  16-02-2016 19:54 via telegraph.feedsportal.com
  
  Nearly seven years after the collapse of Lehman Brothers we are still debating what is an appropriate level of banking capital, and little good it is doing us
  
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• Government discounted starter home plan 'will fail to help most buyers'

  16-02-2016 19:39
  
  Properties to be sold at 20% below market rate will still be out of reach for vast majority of first-time buyers, says Local Government Association The government’s plan to provide first-time buyers in England with discounted properties will fail to provide affordable housing for most families, according to local councils.Under the starter homes initiative, the government wants builders to construct 200,000 homes in England for sale only to first-time buyers.Continue reading...
  
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• Questor share tip: Approach 'Gatwick gusher' with caution

  16-02-2016 19:31 via telegraph.feedsportal.com
  
  UK Oil & Gas Investments have produce oil from their well in the South of England but there is still a long journey to investor returns, says Questor
  
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• German central bank chief on collision course with Draghi over QE

  16-02-2016 19:30 via telegraph.feedsportal.com
  
  Bundesbank's Jens Weidmann says Europe's economies do not need more stimulus measures ahead of crucial March meeting
  
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• Average UK house price reaches £288,000

  16-02-2016 19:28
  
  Pace of increase slows to 6.7% in 2015 across UK but experts warn rate still far outstrips 2% wage growth so housing crisis will deepenThe price of an average home in Britain rose £18,000 last year, according to government figures that also revealed sharp regional differences in the housing market.The 6.7% pace of growth was slower than the 9% rise recorded in 2014, but far exceeded increases in wages or general inflation. The average home in the UK was valued at £288,000 at the end
  
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• Questor share tip: Steel woes and coal power blackout lead to profits collapse at largest UK coal miner

  16-02-2016 19:16 via telegraph.feedsportal.com
  
  The decline of the UK steel industry and mothballing of coal fired power plants have led to sharp fall in profits at Hargreaves Services, says Questor
  
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• There are now more estate agents in London than independent butchers, greengrocers and fishmongers

  16-02-2016 19:13 via telegraph.feedsportal.com
  
  More than 200 estate agents have opened in London in the past year
  
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• Cameron defends EU deal as lawmakers offer no guarantees

  16-02-2016 19:13
  
  BRUSSELS (Reuters) - David Cameron fended off changes on Tuesday to a draft deal he has cut to help keep Britain in the EU, as other states demanded adjustments and the European Parliament said it could not guarantee to pass the reforms.
  
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• Shock Russia-Saudi oil deal sends Brent plunging and stalls FTSE rally

  16-02-2016 19:11 via telegraph.feedsportal.com
  
  European stock markets close in the red after Saudi Arabia and Russia agree to freeze output at January levels
  
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• M&S slashes credit card rewards, blaming new EU rules

  16-02-2016 19:04 via telegraph.feedsportal.com
  
  M&S Bank has cut its credit card reward points by 60pc - becoming the latest card company to cut perks following new EU legislation
  
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• NHS hospitals reject financial targets and set up clash with regulators - The Independent

  16-02-2016 18:35
  The Independent
  NHS hospitals reject financial targets and set up clash with regulators
  The Independent
  One in three NHS providers have rejected strict new financial targets for next year, setting up a potential clash with regulators and the Department of Health which could see hospital boards suspended. Hospitals and other NHS services were told last ...en meer »
  

• Student debt protests planned after armed marshals arrest man for old loans

  16-02-2016 18:16
  
  The US marshals’ office plans to serve more than 1,200 warrants for unpaid student loans as for-profit college students demand action in WashingtonSeven US marshals armed with automatic weapons turned up at Paul Aker’s home in Houston, Texas, last week to arrest him over a $1,500 student loan debt dating back to 1987.“It was totally mind-boggling,” Aker said. “I was wondering, why are you here? I am home, I haven’t done anything ... Why are the marshals knocki
  
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• Will the UK leave the EU? How to track the odds of a Brexit

  16-02-2016 18:15 via telegraph.feedsportal.com
  
  Our guide to monitoring the forthcoming vote on Britain's membership of the European Union
  
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• Britain's property bubble continues to inflate: House prices leapt by £50 A DAY last year

  16-02-2016 18:04 via feedproxy.google.com
  
  HOUSE prices jumped by almost £50 A DAY on average in the year to December, as Britain's property bubble continued to inflate, official figures revealed today.
  
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• National Lottery: What time is Wednesday night's draw, how much is the jackpot and how can I buy a ticket?

  16-02-2016 17:43 via telegraph.feedsportal.com
  
  One winner scooped the jackpot of £32million on Saturday night, so this Wednesday's top prize will be £2.2million
  
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• Barclays doubles cashback on 'Blue Rewards' account

  16-02-2016 16:53 via telegraph.feedsportal.com
  
  The offer is available to new and existing customers who sign up by February 29 - but is it worth switching to?
  
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• Exclusive: UK Trading Brand Financial Spreads Is Back in Operation - Finance Magnates

  16-02-2016 16:12
  Exclusive: UK Trading Brand Financial Spreads Is Back in Operation
  Finance Magnates
  While its platform was down, Financial Spreads also took the opportunity to carry out a complete upgrade. Next Article ». Advertising. Avi Mizrahi. Brokers (Retail FX). Tuesday, 02/16/16 / 9:30. 0. 0 Loading. 6. Print This Post. cysec, fca, plus500 ...
  

• Sugar-free ice cream maker seals supermarket deals and hits crowdfunding target in just six hours

  16-02-2016 15:54 via telegraph.feedsportal.com
  
  Oppo, which was named Richard Branson's 'start-up of the year', is taking on Ben & Jerry's and Häagen-Dazs - but a pot of its ice cream has fewer calories than an apple
  
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• Pernod Ricard targets British millennials with 'unfussy' new wines

  16-02-2016 15:41 via telegraph.feedsportal.com
  
  The French drinks giant behind Jacob's Creek wants to attract younger drinkers deterred by a "fussy" wine industry
  
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• UK inflation edges up to one-year high in January as fuel price fall slows

  16-02-2016 15:22
  
  LONDON, Feb 16 (Reuters) - - British annual inflation edged up to a 12-month high last month, offering modest signs that price growth may be climbing off 2015's record lows, official figures showed on Tuesday.
  
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• Markets sent CRASHING by secret Russia and Saudi Arabia oil deal

  16-02-2016 15:18 via feedproxy.google.com
  
  A SECRET meeting between the world's biggest oil exporters, including Russia and Saudi Arabia, has led to an agreement to freeze output at almost record high levels, sending prices and markets crashing once again today.
  
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• Virgin Media reports £104m profit increase as it prepares to cull 900 jobs

  16-02-2016 14:50 via telegraph.feedsportal.com
  
  The strong performance comes as the company begins a structural shake-up
  
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• Cost of living reaches 12-month high but interest rates to stay low

  16-02-2016 14:38 via feedproxy.google.com
  
  THE cost of living in Britain has jumped to a one-year high but is still too low to trigger a rise in interest rates, experts said today.
  
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• Investment banks' profits to fall after market meltdown

  16-02-2016 14:15 via telegraph.feedsportal.com
  
  Analysts at JP Morgan have cut their forecasts but say the banks are still well-funded
  
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• EU executive says no plans to radically overhaul fund management rules

  16-02-2016 13:30
  
  LONDON (Reuters) - The European Union may tweak the bloc's asset management rules but does not plan an overhaul, a senior EU official said in London on Tuesday, seeking to ease British concerns about more regulation.
  
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• Euro on the brink of DISASTER: Germany's debt plans could send currency into MELTDOWN

  16-02-2016 13:23 via feedproxy.google.com
  
  GERMANY could spark the eurozone's collapse with controversial changes to government debt and bailout rules, a leading economist has warned.
  
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• Shock Russia-Saudi oil deal sends Brent plunging and stalls FTSE rally - live

  16-02-2016 13:08 via telegraph.feedsportal.com
  
  Early FTSE rally extinguished after Saudi Arabia and Russia agree to freeze output at January level
  
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• Chris Gilchrist: FCA 'advice gap' fudge puts UK financial services at risk - Money Marketing

  16-02-2016 13:01
  Money Marketing
  Chris Gilchrist: FCA 'advice gap' fudge puts UK financial services at risk
  Money Marketing
  The FCA's attempt to bridge the “advice gap” is the single biggest risk to the UK's retail financial services industry. Early indications are it will result in a “back to the future” fudge in which the banks and insurers are allowed to use a simplified ...
  

• ITV appoints reality TV pioneer Bazalgette as chairman

  16-02-2016 12:19
  
  (Reuters) - Britain's ITV has appointed Peter Bazalgette, who helped to popularise reality television formats, as its chairman to succeed Archie Norman, who is stepping down after more than six years.
  
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• Shares in UK oil explorer soar as flow from 'Gatwick gusher' beats expectations

  16-02-2016 12:15 via telegraph.feedsportal.com
  
  UK Oil & Gas claims to have struck black gold in Surrey's Weald Basin
  
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• EDF admits Hinkley Point funding not finalised as it extends life of old reactors

  16-02-2016 11:55 via telegraph.feedsportal.com
  
  French nuclear giant says it is yet to finalise investment contracts with Chinese partners and it is still working on its own "financial equation" for the £18bn plant
  
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• Oil prices crash after Saudis fail to broker global production cut

  16-02-2016 11:30 via telegraph.feedsportal.com
  
  Global oil powers cannot agree on a production cut but will freeze output at its highest ever levels instead, sending prices plunging 3pc
  
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• Mondi upgrades profit forecasts against strong packaging market

  16-02-2016 11:22 via telegraph.feedsportal.com
  
  Purveyor of all things paper and packaging expects profits to rise by a quarter
  
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• UK inflation rises on dearer alcohol and clothes

  16-02-2016 11:02
  
  Cost of living edged up to 0.3% in January, its highest rate for a yearInflation edged up to its highest rate for a year last month as rises in the price of alcohol and clothing pushed up the cost of living.The consumer prices index (CPI) rose to 0.3% in January from 0.2% in December, according to the Office for National Statistics (ONS). Continue reading...
  
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• UK inflation creeps up for third straight month

  16-02-2016 11:02 via telegraph.feedsportal.com
  
  UK inflation edges up to highest rate in a year in January
  
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• Big Brother guru Sir Peter Bazalgette appointed as ITV chairman

  16-02-2016 10:54 via telegraph.feedsportal.com
  
  Former Endemol chairman to replace Archie Norman at the broadcaster
  
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• Booming car market boosts dealer Pendragon

  16-02-2016 10:40 via telegraph.feedsportal.com
  
  After a record year of car sales, Pendragon is riding the wave of easy credit and rising disposible incomes
  
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• Young renters have it hard, but it’s even worse if you’re older | Penny Anderson

  16-02-2016 10:09
  
  Exorbitant rents, no security of tenure, ownership a hopeless dream: the issues that affect the young are even more frightening for those in their 50s and 60sWe all know that renting can be difficult. House-shares are frequently horrendous. Poor quality construction, grumpy shower queues, kitchens where you don’t make toast for fear of contamination, and toxic communal bathrooms where you daren’t leave your toothbrush are just some of the trials and tribulations that renters face. Ro
  
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• Merlin poaches new finance director from Dechra Pharmaceuticals

  16-02-2016 09:59 via telegraph.feedsportal.com
  
  The theme park operator has appointed Anne-Françoise Nesmes to the role
  
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• Anglo-American speeds up disposals in respose to dramatic losses

  16-02-2016 09:43 via telegraph.feedsportal.com
  
  The mining company is increasing the pace of it restructuring in an attempt to protect itself from declining metals prices
  
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