Financial news

• As pound plunges, Cameron defends EU deal to avert 'Brexit'

  22-02-2016 22:35
  
  LONDON (Reuters) - The pound posted its biggest one-day loss in almost six years on Monday on concerns of a possible British exit from the EU, adding to the pressure on Prime Minister David Cameron as he mounted a defence of his deal to keep the country in the bloc.
  
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• Sterling slides as big backers boost Brexit campaign

  22-02-2016 22:31
  
  LONDON (Reuters) - Sterling headed for its biggest one-day fall in David Cameron's six-year premiership on Monday, hit by a rise in the odds of a "Brexit" after London's mayor and other senior ruling Conservatives joined the campaign to leave the EU.
  
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• UK cathedral moves statue to avoid texting mishaps

  22-02-2016 21:36
  
  NEW YORK (Reuters) - A British cathedral sought to reassure visitors on Monday that they could still view a massive sculpture following a Facebook post by the statue's creator saying the church had moved it because people kept bumping into it while texting.
  
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• Mobile World Congress: The war over mobile ad-blocking has only just begun

  22-02-2016 21:11 via telegraph.feedsportal.com
  
  Videos that play automatically and pop-ups are far too common, while the privacy implications of some of the tracking carried out are not well understood by consumers
  
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• Iranian media outlets add to bounty for killing Britain's Rushdie

  22-02-2016 20:46
  
  ANKARA (Reuters) - Iranian state-run media outlets have added $600,000 (£474,074) to a bounty for the killing of British author Salman Rushdie imposed in 1989 over the publishing of his book "The Satanic Verses".
  
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• Mobile World Congress: Vodafone makes final plea for BT to be broken up

  22-02-2016 20:31 via telegraph.feedsportal.com
  
  Ofcom will unveil the findings of a wide-ranging probe of the telecoms sector on Thursday
  
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• London designers call upon Shakespeare, nature for inspiration

  22-02-2016 20:12
  
  LONDON (Reuters) - London's fashion designers on Sunday drew inspiration ranging from nature to William Shakespeare, presenting oversized coats and embellished dresses while reassessing how to sell clothes faster to a new generation of online consumers.
  
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• Sugar Smart app gives small drinks and snacks firms a toothache

  22-02-2016 20:04 via telegraph.feedsportal.com
  
  Consumers 'panicking' after Government app fails to take into account portion sizes and brands natural sweeteners as bad as refined sugar
  
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• Primark growth still a concern at ABF

  22-02-2016 20:02 via telegraph.feedsportal.com
  
  A trading update from ABF has pleased investors, but Questor remains concerned about Primark's growth
  
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• Buy IHG on cash returns

  22-02-2016 20:01 via telegraph.feedsportal.com
  
  The FTSE 100 hotel operator is expected to announce a $1bn return to investors, with more to come
  
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• Pound hits seven year low as Boris Johnson sparks Brexit fears

  22-02-2016 20:00 via telegraph.feedsportal.com
  
  The Mayor of London's decision to back the 'leave' campaign sends sterling tumbling
  
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• As Brexit vote looms, UK says European migrants receive 10 percent of in-work welfare spend

  22-02-2016 19:52
  
  LONDON (Reuters) - European migrants to Britain receive 10 percent of spending on in-work benefits despite only making up around 6 percent of the workforce, the government said on Monday as it set out why it was backing a deal struck to reform ties with the EU.
  
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• Hackers target BAE Systems 100 times a year

  22-02-2016 19:35 via telegraph.feedsportal.com
  
  Defence giant unveils 'unusual suspects' line-up of typical hackers as it reveals scale of state-backed cyber attacks on it
  
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• Fast-growing firms are helping Britain shine on the world stage

  22-02-2016 19:27 via telegraph.feedsportal.com
  
  Underwater robotics, high-end cars and historical tours: meet three of Brtain's 'most inspiring' businesses
  
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• FTSE 100 closes higher as oil recovers, but pound slides as Boris backs Brexit

  22-02-2016 19:22 via telegraph.feedsportal.com
  Market Report: Brexit concerns shake the foundations for housebuilders
  
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• Get ready to be showered by helicopter money

  22-02-2016 19:07 via telegraph.feedsportal.com
  
  After years of record low interest rates, central banks may resort to just dumping cash out of helicopters
  
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• Mobile World Congress: Europe will lose global 'race for data' without new 5G rules

  22-02-2016 18:45 via telegraph.feedsportal.com
  
  5G networks will be able to handle billions more connections, allowing more consumer and industrial devices to connect to the internet
  
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• Netanyahu, rival vie for credit as London 'Tube' removes anti-Israel ads

  22-02-2016 17:46
  
  JERUSALEM (Reuters) - The removal of anti-Israel posters from London's underground train network on Monday prompted sparring between Israeli Prime Minister Benjamin Netanyahu and a political rival as to whose complaint to the British authorities had prompted the crackdown.
  
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• Humber fort that defended estuary from German attack listed for sale

  22-02-2016 17:30
  
  Haile Sand fort, built in 1915-18, offers good-sized rooms, roof terrace and ‘unique renovation opportunity’ for £350,000For anyone in search of sea views and an ambitious fix-up project, a historic first world war fort may just tick the box.Certainly neighbours will not be a problem for the buyer of Haile Sand fort, located in the Humber off the coast near Cleethorpes, Lincolnshire. Indeed, the new owner will require a boat to reach it.Continue reading...
  
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• Staying in the EU would see the UK facing up to economic domination

  22-02-2016 17:28 via telegraph.feedsportal.com
  
  Leaving the European Union won't be economically painless but over time the gains will balance out the losses
  
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• Dechra's sales take off after poultry acquisition

  22-02-2016 17:27 via telegraph.feedsportal.com
  
  The animal health company has reported a strong first half, lifted by recent acquisitions
  
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• US food company acquires catering supplier Brakes for £2.2bn

  22-02-2016 17:18 via telegraph.feedsportal.com
  
  New York-listed firm Sysco plans to expand in Europe
  
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• Warning as homebuyers stretch to get on and up the housing ladder

  22-02-2016 17:13
  
  The Council of Mortgage Lenders says increase in mortgages of more than 25 years is mostly due to difficulty of keeping up with rising house pricesMore first-time buyers and home movers than ever before took out mortgages for longer than 25 years in 2015, as rising house prices made it harder to get on, and move up, the housing ladder.
  Affordability pressures have also boosted the number of borrowers taking on loans worth more than 4.5 times their salary, leading the Council of Mortgage Lender&r
  
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• Brakes sold to US company Sysco in $3.1bn deal

  22-02-2016 16:33
  UK food distribution group had been considering an IPO but ‘a fantastic offer came in’Brakes, the London-based food supplier that had been considering a flotation, has been sold to US company Sysco in a deal worth $3.1bn (£2.2bn).Brakes is majority owned by the private equity group Bain Capital, which took the company private for about £1.3bn in 2007.Continue reading...
  
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• Bovis Homes predicts further growth after record profits

  22-02-2016 16:20
  
  Housebuilder increases annual dividend by 14% to 40p a share after pre-tax profits for 2015 jump 20% to £160mBovis Homes has predicted another year of growth after reporting record profits, which were helped by rising house prices and the government’s help to buy scheme.Pre-tax profit for the year to 31 December jumped 20% to £160m at Bovis, which concentrates its building in the south of England outside London.Continue reading...
  
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• Aberdeen oil tycoon pulls the plug on North Sea firm

  22-02-2016 15:50 via telegraph.feedsportal.com
  
  Ian Suttie has called in the administrators to wind down operations at independent producer First Oil amid 'brutal' price collapse
  
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• Insight - Brexit, Brussels and the art of dealmaking

  22-02-2016 15:07
  
  BRUSSELS (Reuters) - The deal David Cameron has asked Britons to vote on to remain in what he calls a "reformed EU" has been years in the making -- and its making says much about how today's European Union works.
  
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• Petra Diamonds upbeat despite first-half loss

  22-02-2016 14:50 via telegraph.feedsportal.com
  
  The diamond producer plunged into the red after selling fewer stones at a lower price
  
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• Brexit fears start to hit eurozone growth

  22-02-2016 14:24 via telegraph.feedsportal.com
  
  Worries about a potential UK exit from the European Union and a weak global economy are prompting a eurozone slowdown
  
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• Why should I go online for everything? | Michele Hanson

  22-02-2016 13:44
  
  The internet is great but, once all shopping has gone online, we’ll realise the luddites deserved some brownie pointsIsn’t shopping getting difficult? Mavis went to the White Company to buy a mattress topper, but they didn’t have one in stock. “You can get it online,” said the assistant. “But I’m here in your shop,” said she, “because I don’t want to go online. Could I see a sample?” No.Same thing in M&S, where she went to buy
  
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• Budget pension changes: Do I need to take my tax-free lump sum today?

  22-02-2016 13:38 via telegraph.feedsportal.com
  
  Pensions savers are wondering if they need to take their 25pc lump sums before March 16, following comments from fomer pensions minister Steve Webb
  
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• Budget 2016 pension changes: Do I need to take my tax-free lump sum today?

  22-02-2016 13:38 via telegraph.feedsportal.com
  
  Pensions savers are wondering if they need to take their 25pc lump sums before March 16, following comments from fomer pensions minister Steve Webb
  
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• Halal checking firm Dagang to join the London stock market

  22-02-2016 13:32 via telegraph.feedsportal.com
  
  Malaysian business seeking £12.5m valuation for its online verification service
  
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• Pound in freefall as Boris Johnson sparks Brexit fears

  22-02-2016 13:20 via telegraph.feedsportal.com
  
  The Mayor of London's decision to back the 'leave' campaign sends sterling tumbling
  
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• UK Financial Prices Will Gyrate Until Brexit Referendum Decision Is Known - Seeking Alpha

  22-02-2016 13:11
  UK Financial Prices Will Gyrate Until Brexit Referendum Decision Is Known
  Seeking Alpha
  Boris Johnson has just announced that he will campaign for an out vote in the coming British referendum on European Union membership. Sterling promptly dropped more than it has in any one day for 11 months. This is a sign of what the UK financial ...en meer »
  

• Brexit, UK Financial Markets And The Efficient Markets Hypothesis - Forbes

  22-02-2016 12:09
  Brexit, UK Financial Markets And The Efficient Markets Hypothesis
  Forbes
  We have an interesting little test bed here for the efficient markets hypothesis. As you may have noted my native Britain is going to have a referendum on whether to stay in the European Union or not. I am not impartial on this: I have worked for ...en meer »
  

• New market storm could catch euro zone unprepared

  22-02-2016 10:51
  
  PARIS (Reuters) - Distracted by an unresolved migration crisis and negotiations on keeping Britain in the European Union, euro zone leaders could be caught unprepared by a new storm on financial markets.
  
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• Pound suffers biggest drop in almost a year as Boris Johnson sparks Brexit fears

  22-02-2016 10:15 via telegraph.feedsportal.com
  
  The Mayor of London's decision to back the 'leave' campaign sent sterling tumbling
  
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• FTSE 100 jumps as oil recovers, but pound slides as Boris backs Brexit - live

  22-02-2016 10:09 via telegraph.feedsportal.com
  
  European stock markets have opened higher this morning, buoyed by a rebound in oil prices, and Chinese stock markets receive a boost from its new securities regulator
  
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• Why Cameron tussled with the French over the City

  22-02-2016 10:08 via telegraph.feedsportal.com
  
  An idea persists that London is a cowboy market. But the evidence suggests it is just as tough a location to base a bank as Paris
  
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• ABF nudges up profit guidance as Primark improves

  22-02-2016 10:07 via telegraph.feedsportal.com
  
  Better trading at Primark and favourable currency movements will boost the group this year
  
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• Start-up stars must shine brighter for longer with more equity finance

  22-02-2016 10:00 via telegraph.feedsportal.com
  
  London Stock Exchange chief Xavier Rolet says Britain's start-ups need support to make the leap from SME to large-cap
  
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• Defying Cameron, London's mayor to campaign for British exit from EU

  22-02-2016 09:56
  
  LONDON (Reuters) - London Mayor Boris Johnson threw his weight on Sunday behind the campaign to leave the European Union, dealing a blow to David Cameron by increasing the chance British voters will ditch membership in a June referendum.
  
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• Can Samsung's new boss halt Apple and the Chinese?

  22-02-2016 09:48 via telegraph.feedsportal.com
  
  Apple and Samsung handsets account for more than one in three smartphone sales, and by far the majority of industry profits
  
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• Brexit looms as shock for UK financial markets - Financial Times

  22-02-2016 09:27
  Financial Times
  Brexit looms as shock for UK financial markets
  Financial Times
  Last week's EU summit cleared the way for the announcement of a Brexit referendum. Although we believe the UK will ultimately vote to remain in the EU, polls have become much more equivocal. This has introduced idiosyncratic behaviour and volatility to ...en meer »
  

• Asked about Britain's EU vote, China says supports strong Europe

  22-02-2016 09:18
  
  BEIJING (Reuters) - China has always supported the European integration process and would like Europe to play an important role globally, China's Foreign Ministry said on Monday after Britain set a June date for a referendum on whether to leave the European Union.
  
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• Financial Detox: why choose Isas

  22-02-2016 09:00 via telegraph.feedsportal.com
  
  Katie Morley speaks through the recent Isa developments and how to invest your money wisely
  
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• A bleak future for younger pension savers

  22-02-2016 09:00 via telegraph.feedsportal.com
  
  People in their 60s and 70s have received tax relief at a rate of around a quarter more than current younger savers, research shows
  
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• Record profits for Bovis Homes as housing supply continues to climb

  22-02-2016 08:56 via telegraph.feedsportal.com
  
  The average cost of one of the housebuilder's homes jumped 7pc in 2015 to £231,600
  
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• Record profits for Bovis Homes as housing demand continues to climb

  22-02-2016 08:56 via telegraph.feedsportal.com
  
  The average cost of one of the housebuilder's homes jumped 7pc in 2015 to £231,600
  
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