Financial news

• Who wants to give money to a charity they don’t trust? | Mary Dejevsky

  29-02-2016 21:44
  
  The warning issued by the Charities Commission reflects growing public unease about the sector, following Olive Cooke’s death and the collapse of Kids CompanyScarcely any other area of life in Britain can have passed so quickly from hero to near-zero in the public estimation. Once a source of glowing national pride, charities have become objects of suspicion, even outright hostility. For a sector whose whole purpose is to do good, this is a pretty spectacular fall. Related: Chuggers are ri
  
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• Kipper Williams on Prodial's record fine for PPI mis-selling calls

  29-02-2016 20:53
  
  ICO issues £350,000 fine to Brighton firm for illegally selling personal information and making more than 46m automated calls about insurance claims Continue reading...
  
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• UK Prudential Regulation Authority And Financial Conduct Authority Statement ... - Exchange News Direct

  29-02-2016 20:38
  UK Prudential Regulation Authority And Financial Conduct Authority Statement ...
  Exchange News Direct
  The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have notified the European Banking Authority (EBA) that the regulators will comply with all aspects of the EBA Guidelines on Sound Remuneration Policies, except for the ...en meer »
  

• UK consumes far less than a decade ago – 'peak stuff' or something else?

  29-02-2016 19:02
  
  From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013The amount of “stuff” used in the UK – including food, fuel, metals and building materials – has fallen dramatically since 2001, according to official government figures.The Office for National Statistics data released on Monday reveals that on average people used 15 tonnes of material in 2001 compared with just over 10 tonnes in 2013. Continue reading..
  
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• BT Openreach should become a mutual | Letter from Claire McCarthy, Co-operative party

  29-02-2016 18:49
  
  Ofcom’s decision to allow Openreach to remain part of BT means that this vital part of our infrastructure will continue to be run in the interests of BT’s shareholders rather than the people who use phone and broadband services (BT told it could lose broadband network, 26 February).Last month 121 MPs of all parties called on Ofcom to break up the monopoly and make Openreach an independent company. We believe such proposals should go further. Fast and reliable telecoms
  
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• £24k for an Adele ticket? But there could be a bargain in the next seat

  29-02-2016 18:43
  
  Prices for gig tickets on secondary sites can be extortionate, but take a closer look and you can still find fair pricesRelated: Finding it hard to get a ticket for Adele? There’s one on sale for £24,000 A rather apocalyptic report in the Observer on Sunday noted how much one might pay to get tickets for Adele’s UK tour. It found that you could be charged up to £24,000 to see the superstar at the O2 in London, if you went through “secondary ticketing sites”. C
  
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• Chuggers are right to make you feel guilty | Abi Wilkinson

  29-02-2016 17:55
  
  I was a charity fundraiser, and I know that without the hard sell people would give far less. A little discomfort is a small price to pay for helping those in desperate needLet’s face it, chuggers are annoying. None of us would choose to be regularly accosted by suspiciously chirpy twentysomethings attempting to cajole us into a “small monthly direct debit” in support of some worthy cause or other.No matter how sympathetic we are towards the plight of refugees, spina bifida suf
  
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• Amazon's tie-up with Morrisons is an upgrade but not game-changer

  29-02-2016 16:58
  
  Tie-up may cause complications for Ocado but Amazon’s serious assault on the UK grocery sector has not yet materialised Morrisons’ shares up 4%; Ocado’s down 9%. It’s hard to argue with the market’s snap judgment on Monday’s strategic shuffles in the online grocery market.At Morrisons, its chief executive, David Potts, has signed a deal to supply hundreds of fresh, frozen and ambient products to Amazon. On the principle that it’s better to be cuddly with
  
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• With eye on possible Brexit, British funds cut UK exposure

  29-02-2016 14:53
  
  LONDON (Reuters) - British investors have sharply cut their exposure to domestic stocks and bonds in February in favour of euro zone assets, suggesting nerves are jangling over the country's potential exit from the European Union.
  
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• Amazon and Morrisons tie-up: a customer's guide

  29-02-2016 14:44
  
  Hundreds of fresh and frozen Morrisons food products will be available to order from Amazon. Here’s what you need to knowAmazon will offer customers hundreds of Morrisons products through its existing services, including fresh, frozen and chilled foods. Amazon will be able to choose which Morrisons products it sells and their price because the agreement is a standard wholesale deal between a retailer, Amazon, and a supplier, Morrisons. Amazon is unlikely to undercut Morrisons’ prices
  
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• Regulator issues record £350,000 fine over PPI mis-selling calls

  29-02-2016 14:31
  
  Brighton-based Prodial illegally sold on personal information and made more than 46m automated calls about insurance claims, says ICO A company that illegally sold on personal information and plagued members of the public with more than 46m automated nuisance calls relating to Payment Protection Insurance (PPI) mis-selling claims has received a record £350,000 fine.The Information Commissioner’s Office (ICO), the government’s data protection regulator, handed out the largest fi
  
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• UK consumes far less than a decade ago

  29-02-2016 14:26
  
  From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013The amount of stuff the UK consumes has fallen dramatically since 2001, according to official government figures.The Office for National Statistics data reveals that on average people used 15 tonnes of material in 2001 compared with just over 10 tonnes in 2013. Continue reading...
  
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• Consumer borrowing shows biggest increase for a decade

  29-02-2016 13:07
  
  Borrowing on credit cards, loans and overdrafts rose £1.6bn in January, according to Bank of England figuresUK consumers have “rediscovered their zeal for borrowing” according to economists, as latest official figures showed unsecured borrowing rose by 9.1% in the 12 months to January - the biggest annual increase for a decade.Borrowing on credit cards, loans and overdrafts increased by £1.6bn during the month, the Bank of England said, compared with an average of £
  
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• Don’t be smug, technology is eating middle-class jobs too

  29-02-2016 13:02
  
  Warnings about the impact of tech on existing patterns of employment is an upgrade of an old story. Has the digital revolution been overstated? “One million jobs to vanish in 10 years,” shout the Monday morning headlines just to get the week off to a good start. But it’s not another scary intervention in the referendum debate by a pro-European or a Brexiter. It’s more serious than that. The culprit on this occasion is the British Retail Consortium (BRC), the people who sp
  
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• Wanted: 'muscular, interventionist' London mayor to boost 'build-to-rent'

  29-02-2016 12:49
  
  The boss of one of London’s most prestigious property estates wants City Hall to help expand and transform private renting in the capital
  London’s absurdly high and rising housing costs cause an array of problems for the city and a vast range of its people, from the poor and low paid to middle income professionals in private and public sectors alike. The growth of the private rental sector (PRS) is a symptom of the problem - about 30% of London households are now accommodated by it c
  
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• Money manager Jupiter's higher costs overshadow profit beat

  29-02-2016 10:36
  
  LONDON (Reuters) - Britain's Jupiter Fund Management beat full-year profit forecasts on Monday, buoyed by inflows into its equity funds, only to see its shares drop after it flagged an impending rise in operational costs.
  
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• Why we should beware the dawn of cheap petrol | Paul Stevens

  29-02-2016 10:00
  
  The crash in crude oil prices has huge implications for geopolitics, climate change – and even our pensionsIt’s been many years since the motorist had such a warm feeling at the petrol pump. Whoever thought they would be able to fill the car at prices as low as 90p a litre? Take advantage; fill up that tank. But don’t delude yourself that this is an unalloyed benefit. Instead be aware of the dynamic that has delivered cheap petrol to your tank, and of its serious implications.H
  
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• Financial detox: tips for saving on your night out

  29-02-2016 09:00 via telegraph.feedsportal.com
  Senior Personal Finance Reporter Katie Morley reveals her top tips for saving money on a night out
  
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• My colleague goes home early whenever the bosses are away

  29-02-2016 08:00
  
  She sometimes leaves at lunchtime, saying there is no work, but that’s not true. How can I address this problem?
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?Over the past couple of months I’ve noticed my colleague so
  
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• Mobile users face long wait for Ofcom to help with compensation for loss of signal

  29-02-2016 08:00
  
  The telecoms regulator’s probe into the industry is only a consultation. Proposals, decisions – and cheques – will not arrive quicklyThrough the coldest days of winter, Sian Edwards’ office has been her car on a Welsh mountainside. The mobile phone coverage in her Carmarthenshire village has been so unreliable she has had to drive through the forests to use her work phone. “The only network we have is Vodafone whose service has been steadily worse,” says the c
  
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• Fuming as Flogas fails to pass on LPG price cuts

  29-02-2016 08:00
  
  I am being charged 69p a litre when the market rate is 28pI would like to make you and your readers aware of the recent actions of the liquid central heating gas supplier Flogas. I have been a customer for 14 years and trusted it to adjust the price in accordance with gas price fluctuations. But when I recently looked at what I was being charged I found I was paying 69p a litre, when the market rate is 28p a litre (ex VAT).When I complained, the cheeky gits offered me 500 litres of fuel as compe
  
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• Money for nothing in a leap year: archive, 29 February 1932

  29-02-2016 06:30
  
  29 February 1932: In a leap year the wage-earners score at the expense of the salaried classes, for the man who is paid by the month does a day’s work for nothingSince this is the morning when an enriched February puts forth its modest Leap Year bud in the shape of that extra day, presumably there will be another outcrop of venerable references to ladies who “pop the question” and to little boys and girls who are supposed to have only one birthday in four years. It might give a
  
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• Starter home buyers could receive £141,000 windfall from taxpayers

  29-02-2016 01:01
  
  Scheme will benefit 200,000 buyers but prevent 2 million more from getting on housing ladder, campaigners sayThe government’s starter homes initiative could deliver a taxpayer-backed windfall of £141,000 each to 200,000 lucky first-time buyers, but 2 million more aspiring homeowners will be stuck renting, campaigners say.
  The scheme, which allows developers to replace shared ownership and affordable rented homes with properties sold at a 20% discount, has been widely criticised since
  
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• Millions of UK workers stuck in wrong job, study shows

  29-02-2016 01:01
  
  Resolution Foundation thinktank says 5m extra hours a week are needed to free up part-time roles for new entrants and the economically inactive Millions of UK workers are stuck in the wrong job or working fewer hours than they would like, according to a report warning that this army of underemployed people are blocking opportunities for those outside the labour market.The Resolution Foundation thinktank said that 5m extra hours of work a week are needed to soak up employees’ demands for mo
  
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• Fairtrade sugar blues bring down ethical scheme's total sales

  29-02-2016 01:01
  
  Changes in EU regulations lead to drop in UK sales but wine, coffee and flowers enjoy a boostSales of Fairtrade sugar collapsed by over a third in the UK last year as a result of changes in EU market regulations, leading to total sales of goods produced under the ethical trading scheme falling slightly to £1.6bn from £1.7bn in 2014.But despite continued turbulence in the UK grocery sector, volumes of Fairtrade tea, coffee, cocoa, bananas, flowers and wine all grew in 2015 by healthy
  
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