Financial news

• 'Brexit' could shrink UK's financial services industry - BlackRock - Reuters UK

  01-03-2016 23:34
  Reuters UK
  'Brexit' could shrink UK's financial services industry - BlackRock
  Reuters UK
  LONDON A vote to leave the European Union in the UK referendum is likely to result in reducing the size of the country's financial services industry, the world's biggest fund manager, BlackRock (BLK.N), said on Tuesday. The country currently has a ...
  Brexit: EU official warns of consequences for UK financial servicesIrish Timesalle 64 nieuwsartikelen »
  

• UK Financial Regulatory Developments - February 2016 #18 - JD Supra (press release)

  01-03-2016 22:30
  UK Financial Regulatory Developments - February 2016 #18
  JD Supra (press release)
  FCA is seeking input on the planning phase of the review of retained provisions of the Consumer Credit Act (CCA). FCA is required to review remaining CCA provisions and to report to Treasury by 1 April 2019. FCA is seeking stakeholder views on ...en meer »
  

• REFILE-UPDATE 5-NYSE owner ICE may gatecrash Deutsche Boerse-LSE merger

  01-03-2016 21:17
  
  * Deutsche Boerse says continuing talks with LSE with no change
  
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• Turkish hacker behind $55 mln cyber spree pleads guilty in U.S.

  01-03-2016 20:55
  
  NEW YORK, March 1 (Reuters) - A Turkish hacker who U.S. prosecutors say masterminded a series of cyber attacks that enabled $55 million to be siphoned from automated teller machines around the world pleaded guilty on Tuesday.
  
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• UPDATE 1-'Bond King' Gross: I did not quit Pimco

  01-03-2016 20:43
  
  March 1 (Reuters) - Bond fund manager Bill Gross on Tuesday accused Pacific Investment Management Co of falsely claiming he suddenly decided to abandon the firm he co-founded, in an effort to win dismissal of his $200 million breach of contract lawsuit.
  
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• GLOBAL MARKETS-Stocks see biggest gains since January, dollar rises after U.S. data

  01-03-2016 20:43
  
  * Dollar index rises to one-month high (Updates data, prices, adds quote)
  
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• UPDATE 1-Gundlach's DoubleLine Capital posts 25th straight monthly inflow

  01-03-2016 20:31
  
  NEW YORK, March 1 (Reuters) - DoubleLine Capital, overseen by widely followed investor Jeffrey Gundlach, said on Tuesday it posted a net inflow of $2.24 billion in February, marking the firm's 25th consecutive month of inflows.
  
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• 'Bond King' Gross: I did not quit Pimco

  01-03-2016 19:40
  
  March 1 (Reuters) - Bond fund manager Bill Gross on Tuesday accused Pacific Investment Management Co of falsely claiming that he suddenly decided in 2014 to abandon the firm he co-founded, in an effort to win dismissal of his $200 million breach of contract lawsuit.
  
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• U.S. fines Qualcomm for hiring relatives of China officials -SEC

  01-03-2016 19:39
  
  March 1 (Reuters) - Qualcomm Inc has agreed to pay $7.5 million to settle charges that it violated U.S. anti-bribery laws by hiring relatives of Chinese officials to obtain business, the U.S. Securities and Exchange Commission said on Tuesday.
  
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• CORRECTED-Uber's real estate footprint unmatched among S.F. Bay Area startups

  01-03-2016 19:26
  
  SAN FRANCISCO, March 1 (Reuters) - Uber's new Oakland headquarters is nearly 70 percent bigger than Internet radio service Pandora Media's office nearby and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters.
  
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• INSIGHT-Emerging markets industry sinks into post-boom soul searching

  01-03-2016 19:03
  
  * Pension fund wanted to put most of its money in high-risk sector
  
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• Volkswagen flaunts supercars at Geneva auto show

  01-03-2016 19:00
  
  GENEVA, March 1 (Reuters) - Bugatti unveiled the world's fastest road car at the Geneva auto show this week: the 2.4 million euro ($2.6 million) Chiron with a 1,500 horsepower engine that can hit 420 kilometres per hour.
  
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• Ex-Fannie Mae CEO loses bid to toss SEC fraud case

  01-03-2016 18:55
  
  NEW YORK, March 1 (Reuters) - Former Fannie Mae Chief Executive Daniel Mudd has lost his bid to dismiss a lawsuit by U.S. securities regulators accusing him of concealing the mortgage finance agency's exposure to risky loans that fueled the 2008 financial crisis.
  
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• Republican leaders stand firm against Obama's Supreme Court pick - Reid

  01-03-2016 18:38
  
  WASHINGTON, March 1 (Reuters) - In a meeting with President Barack Obama on Tuesday, Republican leaders from the U.S. Senate said that they would not hold hearings to consider Obama's pick for a Supreme Court vacancy, Senate Democratic leader Harry Reid told reporters.
  
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• European shares end at one-month high as weaker euro lifts autos

  01-03-2016 18:30
  
  * Glencore underperforms miners, Barclays slumps (Updates with closing prices)
  
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• State pension age could rise faster than expected, say experts

  01-03-2016 18:21
  Concerns raised as government announces review of whether pension age should continue to be linked to life expectancy
  Millions more working-age people may have to wait until their 70s to retire after the government launched an official review of the state pension age, Labour and financial experts warned.
  The exercise will consider whether to change the state retirement age from April 2028, the point at which it will have reached 67 for men and women, potentially affecting people under the age of
  
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• UK's FTSE rises as LSE rally offsets Barclays slump

  01-03-2016 18:06
  
  LONDON, March 1 (Reuters) - Britain's top equity index rose on Tuesday as a possible counter-bid lifted shares in the London Stock Exchange, offsetting drops for Barclays, Ashtead and Glencore.
  
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• Former wealth management executive joins Digital Asset Board

  01-03-2016 18:06
  
  NEW YORK, March 1 (Reuters) - Digital Asset Holdings LLC, a New York-based startup focused on blockchain technology in the financial services industry, said on Tuesday that Sallie Krawcheck, former head of Bank of America Wealth Management, has joined the company's board.
  
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• Savers' WOE as rates hit new lows

  01-03-2016 17:59 via feedproxy.google.com
  
  THE quest to get a decent return on your savings is becoming ever harder as fixed-rate bonds tumble lower still, according to analysis.
  
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• GLOBAL MARKETS-Stocks gain, dollar rises on upbeat U.S. data

  01-03-2016 17:46
  
  NEW YORK, March 1 (Reuters) - U.S. stocks led equity markets around the globe to their highest in a month on Tuesday after U.S. factory and housing data came in better than expected and oil prices rose.
  
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• The English 'will not be told by foreigners what to do' admits German business leader

  01-03-2016 17:23 via feedproxy.google.com
  
  EUROPE is failing to find solutions for immigration, security and the economy, according to a prominent German trade leader.
  
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• European shares rise to one-month high as weaker euro lifts autos

  01-03-2016 17:17
  
  * Glencore underperformed miners, Barclays slumps (Adds details, updates prices)
  
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• What would be the long-term impact of Brexit on UK financial markets - What Investment

  01-03-2016 17:13
  What Investment
  What would be the long-term impact of Brexit on UK financial markets
  What Investment
  The United Kingdom has recently enjoyed economic growth that, with the exception of the US, has been the envy of the rest of the developed economies. This is not the first time this has happened –and it's not the first time that a dangerous state of ...en meer »
  

• UPDATE 3-Barclays to exit Africa in 'transatlantic' makeover

  01-03-2016 17:10
  
  * FY adj pretax profit falls to 5.4 bln stg vs f'cast 5.8 bln
  
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• FOREX-Dollar gains against yen on U.S. data; euro lower in run-up to ECB

  01-03-2016 17:09
  
  * Euro weakens ahead of March 10 ECB meeting (Updates prices, adds comments; changes dateline, previous LONDON)
  
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• Clouds gather over Africa as Barclays heads out

  01-03-2016 17:07
  
  JOHANNESBURG, March 1 (Reuters) - When Barclays bought South Africa's Absa in 2005, wading back into a market it quit in the 1980s under pressure from anti-apartheid campaigners, the deal was trumpeted as a "tangible vote of confidence" in Africa's future.
  
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• UK bag maker blames fee for financial woes - Plastics News (blog)

  01-03-2016 16:21
  Plastics News (blog)
  UK bag maker blames fee for financial woes
  Plastics News (blog)
  A British plastics packaging firm has reportedly been forced into administration, with the company's management pointing the finger of blame at a new nationwide plastic bag charge in the United Kingdom. Nelson Packaging, which has made a range of bag ...en meer »
  

• New air tax rules: Get money back now for under 16s on plane tickets

  01-03-2016 14:03 via feedproxy.google.com
  
  THE cost of a family holiday abroad is set to fall from today, as tax on plane tickets for children under the age of 16 is slashed.
  
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• Households face higher energy bills under new plan to keep the lights on

  01-03-2016 13:04 via telegraph.feedsportal.com
  
  Annual energy bill levy to prevent blackouts could rise from £10 to £15 or £20 to fund higher subsidies for coal, gas and nuclear power plants
  
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• Medtronic Reports Third Quarter Financial Results - Yahoo Finance UK

  01-03-2016 12:50
  Medtronic Reports Third Quarter Financial Results
  Yahoo Finance UK
  DUBLIN - March 1, 2016 - Medtronic plc (MDT) today announced financial results for its third quarter of fiscal year 2016, which ended January 29, 2016. Unless otherwise noted, all revenue growth rates in this press release are stated on a comparable, ...en meer »
  

• Barclays profits tumble slashing dividends in HALF for investors

  01-03-2016 12:11 via feedproxy.google.com
  
  BARCLAYS shares have plunged after the banking giant revealed a dive in annual profits and a cut to its dividend.
  
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• UK's Financial Conduct Authority Launches 'Live & Local': A New Regional ... - Exchange News Direct

  01-03-2016 11:15
  UK's Financial Conduct Authority Launches 'Live & Local': A New Regional ...
  Exchange News Direct
  The Financial Conduct Authority (FCA) has launched 'Live & Local', a regional programme which will include a series of events, workshops and roundtables, taking place across 12 regions in the UK. The programme will help firms in the investment, ...en meer »
  

• Firms face clampdown over lengthy and confusing small print

  01-03-2016 11:05
  
  Business department urges shoppers to contribute to consultation on complicated terms and conditions, which could lead to change in lawConsumers who have been bamboozled by small print and unexpectedly tied into contracts or forced to pay fees are being urged to contribute to a consultation, which could lead to a change in the law. Complicated and extensive terms and conditions that customers may fail to understand - and frequently even choose to ignore - are being reviewed, the government&rsquo
  
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• Landlord warning: Buy-to-let profits 'could be wiped out if interest rates rise by 2020'

  01-03-2016 11:00 via feedproxy.google.com
  
  LANDLORDS could find their investment has soured by 2020 if interest rates rise while tax benefits are axed, say experts.
  
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• Retirement inequalities to persist despite pension reforms

  01-03-2016 08:01
  
  Changes to state and private pension have seen improvements for women, disabled people and ethnic minorities, but an ongoing lack of opportunities in the labout market means they will still retire on less Women, disabled people and those from ethnic minority groups will continue to be worse off in retirement over the next few years despite various state and private pension reforms, according to a new study.Researchers from the Pensions Policy Institute (PPI) said that although differences in pen
  
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• Virgin Media accidentally gives away telephone number

  01-03-2016 08:00
  
  A reader who wrote to us about struggling to get connected is back, as the switching process takes another turn for the worseTwo weeks ago we featured the case of RB from Edinbugh who was having problems getting his home phone and broadband connected to Virgin Media. Happily, we were able to help the process along, and he was connected last week. The only problem is that he has now been told he can’t have his previous phone number – the one he has used for the past 40 years – a
  
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• Virgin Money Holdings (UK) PLC (VM) Given "Buy" Rating at Nomura - Financial Market News

  01-03-2016 07:42
  Virgin Money Holdings (UK) PLC (VM) Given "Buy" Rating at Nomura
  Financial Market News
  Virgin Money Holdings (UK) PLC logo Nomura reaffirmed their buy rating on shares of Virgin Money Holdings (UK) PLC (LON:VM) in a report published on Monday, MarketBeat reports. In related news, insider Moreno,Glen bought 25,000 shares of the stock ...en meer »
  

• Barclays Africa Group mum on possible split from UK parent - BDlive

  01-03-2016 07:21
  Barclays Africa Group mum on possible split from UK parent
  BDlive
  BARCLAYS Africa Group said on Tuesday it is aware of the speculation around Barclays plc's shareholding in the group, but gave no further information than was in its cautionary announcement on Monday morning. There is an expectation that Barclays plc, ...en meer »
  

• Most councils would not class starter homes as affordable, survey finds

  01-03-2016 01:01
  
  Only 7% of local authorities in England say discounted starter homes will address need for affordable housing, TCPA poll revealsFour in five local councils do not believe that discounted starter homes should be classed as affordable housing, and only 7% feel that they will address the need for affordable homes in their area, according to a survey.The starter homes scheme, which is a central part of the government’s housing policy, allows developers to replace shared ownership and affordabl
  
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• More people in their 70s in higher tax bracket than those in their thirties

  01-03-2016 01:01 via telegraph.feedsportal.com
  
  Turnaround in pensioner wealth now means a higher proportion of septuagenarians have incomes above the £42,385 threshold than their younger counterparts despite most having retired
  
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