Financial news

• Belittled fans deserve this goodwill gesture over away ticket prices | Owen Gibson

  09-03-2016 21:00
  
  The move to cap ticket prices at no more than £30 for away fans is such a no-brainer that to applaud it feels an odd thing to do. For once the fans spoke and the clubs finally listenedIn a game that has long taken loyalty for granted, those who follow their team away from home have remained bedraggled outliers. Patronised, belittled, taken advantage of, subject to last-minute fixture changes, herded around the country on expensive and unreliable transport networks, given a dreadful view an
  
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• Sports Direct's Ashley warned of potential action over Parliament snub

  09-03-2016 18:50
  
  LONDON (Reuters) - Sports Direct founder Mike Ashley has been told he could be in contempt of Parliament if he ignores a summons from MPs to answer questions about the treatment of workers at Britain's biggest sportswear retailer.
  
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• 'Fifth Beatle' George Martin dies aged 90

  09-03-2016 17:57
  
  LOS ANGELES/LONDON (Reuters) - George Martin, known as "the fifth Beatle" for his work in shaping the band that became one of the world's most influential music forces, has died at the age of 90.
  
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• Bank of England Governor Mark Carney should 'consider RESIGNING over pro-Europe comments'

  09-03-2016 17:48 via feedproxy.google.com
  
  THE Bank of England Governor should consider resigning after his warning that a Brexit is the biggest threat to the economy, critics said today.
  
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• Ageing gang jailed for England's biggest burglary

  09-03-2016 17:40
  
  LONDON (Reuters) - A gang of ageing criminals, who carried out an audacious multi-million pound raid on a safe-deposit business in London's jewellery district last year, were jailed on Wednesday for their role in the largest-ever burglary in English legal history.
  
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• UK nuclear regulator does not foresee Flammanville reactor flaws at HPC

  09-03-2016 17:28
  
  LONDON (Reuters) - Reactors at EDF's proposed Hinkley Point C nuclear project should not be vulnerable to the same weak spots as found in a reactor vessel at the company's Flammanville site in France, Britain's Office for Nuclear Regulation (ONR) said on Wednesday.
  
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• Zero hour contracts jump to record high 'crisis' level

  09-03-2016 17:24 via feedproxy.google.com
  
  A SURGE in workers who don't know how many hours they will work from one week to the next has created a national crisis, according to critics.
  
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• UK seeking to ease banking barriers with Iran, seals export finance deal

  09-03-2016 16:57
  
  LONDON (Reuters) - Britain is working with its European partners to help ease the impact of banking restrictions on trade with Iran, Business Secretary Sajid Javid said on Wednesday, adding that the UK had signed a deal to simplify the financing of exports.
  
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• Chinese hunt for property bargains from Dubai to Manchester

  09-03-2016 16:50
  
  HONG KONG (Reuters) - As Chinese property investors heat up prices in many of the world's biggest cities, China buyers are now searching beyond traditional hot spots for bargains and higher returns, ranging from land in Dubai to student housing in Manchester.
  
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• NIESR estimates GDP growth slowed to 0.3 percent in February

  09-03-2016 16:07
  
  LONDON - British economic growth slowed in the three months to February, but is likely to be stronger for the first quarter of 2016 as a whole, the National Institute of Economic and Social Research said on Wednesday.
  
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• Should you buy holiday euros before the Brexit vote?

  09-03-2016 15:14 via feedproxy.google.com
  
  THE pound has partially recovered from its hefty fall against the euro last month, meaning now could be the time to snap up holiday spending money.
  
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• Premier League clubs cap away tickets at 30 pounds

  09-03-2016 15:14
  
  LONDON (Reuters) - England's top flight football clubs have agreed to cap the price of tickets for away fans at 30 pounds for the next three seasons, the Premier League said on Wednesday.
  
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• Markets betting on near-zero interest rates for another decade

  09-03-2016 15:11
  
  LONDON (Reuters) - World markets may have recovered their poise from a torrid start to the year, but their outlook for global growth and inflation is now so bleak they are betting on developed world interest rates remaining near zero for up to another decade.
  
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• Norway's $830 billion wealth fund to invest in UK regardless of Brexit

  09-03-2016 14:39
  
  OSLO (Reuters) - Norway's $830 billion sovereign wealth fund, the world's biggest, does not see the prospect of Britain leaving the European Union as a significant risk to its investments, its chief executive told Reuters on Wednesday.
  
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• Proof economy will survive Brexit: Amazon to create 1,000 UK jobs

  09-03-2016 14:38 via feedproxy.google.com
  
  ONLINE shopping giant Amazon has announced the creation of 1,000 jobs in Manchester proving business investment is not being deterred by the prospect of Britain leaving Europe.
  
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• Prudential warns Brexit could hit M&G UK funds business

  09-03-2016 12:52
  
  LONDON (Reuters) - Prudential renewed calls for Britain to remain in the European Union on Wednesday, warning that an exit could make it harder for its UK fund management arm M&G to attract investors.
  
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• Hedge funds back off bets on China devaluation

  09-03-2016 10:52
  
  LONDON (Reuters) - Two of the three types of hedge funds which bet heavily on a sharp devaluation of China's yuan last year have backed off the trade, leaving only some ultra-bearish "Black Swan" investors holding long-term bets, fund managers and bankers said.
  
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• BoE's Weale says rates still likely to rise, scope for stimulus if needed

  09-03-2016 10:50
  
  NOTTINGHAM, England (Reuters) - The Bank of England is still more likely to raise interest rates than to cut them over the next two years, but it has plenty of scope to stimulate the economy if needed, one of the bank's policymakers said on Tuesday.
  
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• Bank of England warns of Brexit risks, angering eurosceptics

  09-03-2016 10:44
  
  LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country's $2.9 trillion (£2.04 trillion) economy and prompt some banks to move away from London's global financial powerhouse.
  
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• China fears weigh on markets ahead of UK manufacturing data - business live

  09-03-2016 10:15
  
  All the day’s economic and financial news, as fears over China continue to dog the marketsShanghai stock market loses 1%Tory MP: Mark Carney should consider his positionComing up: a new healthcheck on UK factories 9.11am GMTThe political storm swirling over Bank of England governor Mark Carney has intensified this morning, with one MP suggesting he should consider resigning.“He was speculating, and speculating in a way that I say is wholly unbelievable. It seemed to be part of the Pr
  
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• Sunday trading: Tory MPs eye ‘unholy alliance’ with SNP and Labour

  09-03-2016 10:00
  
  SNP to take unusual step of voting on English and Welsh law that would allow unrestricted Sunday shopping zones Conservative rebels have said they are willing to enter an “unholy alliance” with the SNP and Labour in a bid to defeat government plans to liberalise Sunday trading laws. The decision leaves Downing Street facing a knife-edge vote in the House of Commons on Wednesday.Continue reading...
  
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• Is YOUR pension fit for purpose?

  09-03-2016 09:19 via feedproxy.google.com
  
  IF YOU want to save enough for a comfortable retirement your first step is to find out how much you have in your pot today.
  
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• 1 in 3 UK savers use BISCUIT tins instead of banks to save cash

  09-03-2016 08:45 via feedproxy.google.com
  
  DESPITE the proliferation of online savings options, one in three of us still saves money in a jar or biscuit tin.
  
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• Britain's finance lobby says Brexit would hit City of London

  09-03-2016 08:42
  
  LONDON (Reuters) - All alternatives to Britain's membership of the European Union are second best and risk damaging the competitiveness of the City of London's finance industry, although Brexit would not be ruinous for the economy, TheCityUK lobby said on Wednesday.
  
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• Is it time to stop giving so much of a damn at work?

  09-03-2016 08:36
  
  The happiest people at work seem to be the ones who don’t care as much – they might just be on to somethingI’ve long had a suspicion that the happiest people in the workplace are the ones who just don’t care as much. In every office, you’ll encounter a few. They do averagely good work, rarely apologise for anything and pack up cheerily at 5.30pm on the dot every day. They use their lunch breaks to watch YouTube or sell things on eBay. And they always leave after a y
  
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• How to join the franchise boom

  09-03-2016 08:30
  
  Franchising is an opportunity for growth, but business owners have to give up some control. There are several ways the law can offer protectionFranchises are reporting record success in the UK. In 2015, the industry’s annual turnover was over £15bn, and it now employs over 600,000 people, according to a recent survey by the British Franchise Association. The unique business model dominates the high street, KFC, McDonald’s, Costa Coffee, Subway and Starbucks all run on this mode
  
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• TheCityUK: Brexit Risks Damaging UK Financial Services, Threatening Jobs ... - Exchange News Direct

  09-03-2016 08:19
  TheCityUK: Brexit Risks Damaging UK Financial Services, Threatening Jobs ...
  Exchange News Direct
  With the countdown to the EU referendum now underway, a new report released today by TheCityUK shows that while leaving the EU may not be ruinous for the UK economy, a Brexit risks damaging UK-based financial and related professional services ...
  

• Carney: leaving EU among biggest risks to UK financial stability - Citywire.co.uk

  09-03-2016 08:12
  Citywire.co.uk
  Carney: leaving EU among biggest risks to UK financial stability
  Citywire.co.uk
  The prospect of Britain leaving the EU is the 'biggest domestic risk to financial stability' according to Mark Carney, the governor of the Bank of England. Speaking to the Treasury committee of MPs Carney said a vote to leave the EU would bring ...
  

• Interative Investor goes offline after losing balance

  09-03-2016 08:00
  
  My money has disappeared and the online investment firm won’t respondI invest via Interactive Investor, a share and fund dealing platform. At the beginning of December I noticed £1,221 had disappeared from the uninvested cash balance on my trading account. There had been no transactions to account for this. I contacted Interactive Investor immediately, but have had no proper response in eight weeks. The money is still missing.I dug through the data and found the source of the discrep
  
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• Isis is strangling Syrian trade but a new orange co-operative is turning to Russia

  09-03-2016 07:00
  
  Orange growers in western Syria have formed a new co-operative in the hope of reigniting export links with the outside world and bring in crucial incomeScroll down a Google image search of Syria and all you will find is images of war. There is seemingly no evidence of the country’s fertile landscape, its once thriving agriculture sector or its colourful exports of tomatoes, oranges, apples and livestock. The country’s economy and the livelihoods of its people have been shattered by t
  
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• Brexit: Financial Risks for the UK - EconoMonitor (blog)

  09-03-2016 06:01
  EconoMonitor (blog)
  Brexit: Financial Risks for the UK
  EconoMonitor (blog)
  The head of the Bank of England, the British equivalent of the US Federal Reserve, told parliament today that a potential Brexit was the “biggest domestic risk to financial stability” for the UK. BoE Governor Mark Carney elaborated on the risk by ...
  

• Delhi's air pollution is a classic case of environmental injustice

  09-03-2016 06:00
  
  India’s new tax on car sales is a step in the right direction, but can the country address the wealth and power imbalance driving the health disaster?The news that India is introducing a new tax on car sales to help combat severe air pollution and congestion problems has unsurprisingly been decried by the country’s car industry.The chair of India’s largest car manufacturer, Maruti Suzuki, says the tax “is going to hurt the industry, and will impact growth and affect job c
  
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• Tesco’s turnaround gathers momentum as it wins back customers

  09-03-2016 01:01 via feedproxy.google.com
  
  TESCO’S turnaround has gathered momentum as cheaper prices helped it win back customers and stem the pace of falling sales.
  
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• Property service charges soar to average £2,777 per year for new-builds

  09-03-2016 01:01
  
  Management companies are hiking maintenance charges and ground rent fees, according to insurer’s researchBuyers of apartments in new-build towers not only have to pay sky-high prices but also face soaring annual service charges that now average £2,777 a year, according to new research.Some of the worst service charges are found in new apartment blocks lining the River Thames in London, where residents will have to pay nearly £7,000 a year on a two-bed flat.Continue reading...
  
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• Instant is still king: ATM machine operator helps cash hold its ground

  09-03-2016 01:01 via feedproxy.google.com
  
  “DON’T discount cash, it’s here to stay,” says entrepreneur Jenny Campbell who is putting money on it with plans to expand her ATM empire this year.
  
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• Business News: Burberry, PizzaExpress, Paddy Power Betfair, Oil industry

  09-03-2016 01:01 via feedproxy.google.com
  
  NEARLY £400million was added to Burberry’s market value yesterday after stakebuilding by a mystery investor fuelled talk of a possible takeover.
  
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• A capital way to clear all debts

  09-03-2016 01:01 via feedproxy.google.com
  
  EQUITY release may be the best way to pay off interest-only mortgages.
  
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