Financial news

• Rockefeller family charity to withdraw all investments in fossil fuel companies

  23-03-2016 22:39
  
  Started by John D Rockefeller – who made his fortune from oil – the fund singled out ExxonMobil, calling the world’s largest oil company ‘morally reprehensible’A charitable fund of the Rockefeller family – who are sitting on a multibillion-dollar oil fortune – has said it will withdraw all its investments from fossil fuel companies.The Rockefeller Family Fund, a charity set up in 1967 by descendants of John D Rockefeller, said on Wednesday that it would
  
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• In Taiwan, leftover food scraps help farmers sustain porky appetites

  23-03-2016 22:00
  
  Taiwan has institutionalized the practice of feeding leftover food to livestock, an approach that many nations are using or considering to reduce their food waste. Now, two thirds of the country’s overall food waste helps feed its 5.5m pigsEvery night, classical music blares from garbage trucks in Taipei, summoning people from their homes. In their hands, they clutch bags or buckets of kitchen scraps, which they dump into a bin on the truck. From there, the food travels to farms, where it
  
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• Sky agrees exclusive six-season UK TV deal

  23-03-2016 20:30
  
  LONDON (Reuters) - Formula One fans in Britain will be unable to watch live races on terrestrial television from 2019 after Sky agreed an exclusive six-season deal to broadcast the sport in Britain and Ireland.
  
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• Support for EU membership ebbs in Britain as Cameron's party rows

  23-03-2016 19:47
  
  LONDON (Reuters) - Support in Britain for membership of the European Union has declined, two polls showed, suggesting a dispute within the ruling Conservative Party may be undermining Prime Minister David Cameron's campaign for the country to stay in.
  
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• British judge approves extradition of 'flash crash' trader to U.S.

  23-03-2016 18:56
  
  LONDON (Reuters) - A British judge approved on Wednesday a U.S. request for the extradition of a London-based trader accused of contributing to the 2010 Wall Street "flash crash" by placing bogus orders to spoof the market.
  
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• Arsenal, Chelsea, and now Brexit - British brothers divided over EU

  23-03-2016 18:52
  
  NOTTINGHAM, England (Reuters) - The debate over whether Britain should leave the European Union has divided society and split the government. In the Baxter family, it is pitting brother against brother.
  
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• Britons guilty of IS-inspired plot to murder police, soldiers

  23-03-2016 18:33
  
  LONDON (Reuters) - Two British men, one of whom had pledged allegiance to Islamic State, have been convicted of a terrorism plot inspired by the militant group to kill police officers, soldiers or even members of the public in drive-by shootings.
  
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• Scotland would face bigger hole in finances if independent - IFS

  23-03-2016 18:23
  
  EDINBURGH (Reuters) - Scotland would face a bigger hole in its public finances than previously thought if it split from the United Kingdom, an economic think tank said on Wednesday, dealing a blow to independence campaigners.
  
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• UK court orders jailed Libor trader to pay 878,806 pounds

  23-03-2016 18:19
  
  LONDON (Reuters) - Tom Hayes, a former star trader serving an 11-year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to pay 878,806 pounds by a judge or face further time in prison.
  
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• The kitchen coup - how cash shifted the balance of power over household chores

  23-03-2016 17:34 via telegraph.feedsportal.com
  
  Economic study charts how women's increased presence in the workplace has driven men to compensate by doing the dishes
  
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• EDF tells MPs nuclear power plant will go ahead

  23-03-2016 16:47
  
  LONDON (Reuters) - The Hinkley Point nuclear power project in Britain will go ahead, EDF Energy CEO Vincent de Rivaz told MPs on Wednesday, though he did not give a definite schedule.
  
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• Brussels attacks estimated to cost its economy €4 billion

  23-03-2016 16:40 via feedproxy.google.com
  
  THE damage to the economy in Brussels following yesterday’s attacks has been estimated to cost €4billion.
  
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• Boris Johnson eyes Trump-style insurgency to win British EU exit battle

  23-03-2016 16:27
  
  LONDON (Reuters) - Once mistaken for fellow blond Donald Trump by a passerby in New York, London Mayor Boris Johnson hopes his own gift for grabbing headlines and charming voters can persuade Britain to vote to leave the European Union at a June 23 referendum.
  
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• Switching mobile networks to be made easier

  23-03-2016 16:23
  
  New provider would be responsible for the transfer of customers’ contracts under regulator’s preferred proposal
  Mobile phone customers will not have to organise their own move to a new provider under proposals designed to make it easier for people to switch.Telecoms regulator Ofcom said around 2.5 million people who had changed providers in the past 18 months had experienced at least one major problem during the process, including difficulties cancelling their existing service or kee
  
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• MPs accuse Boris Johnson of exaggerating arguments for Brexit

  23-03-2016 15:29
  
  LONDON (Reuters) - London Mayor Boris Johnson was rebuked by MPs on Wednesday for putting forward what they described as exaggerated and misleading arguments for why Britain should leave the European Union.
  
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• Lead of UK campaign to stay in EU narrowest since last May - ComRes

  23-03-2016 15:26
  
  LONDON (Reuters) - Campaigners wanting to keep Britain in the European Union have seen their lead over the rival 'out' campaign shrink to the narrowest since the May 2015 national election, polling firm ComRes said on Wednesday.
  
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• Cost of hedging pound soars to near 6-year highs on Brexit worries

  23-03-2016 15:19
  
  LONDON (Reuters) - The cost of hedging against sharp swings in sterling surged to its highest in almost six years on Wednesday, three months before a June referendum on Britain's European Union membership, and coinciding with narrowing bookmaker odds on a vote to leave.
  
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• Trump 'plain wrong' to say Muslims not helping on extremists - Theresa May

  23-03-2016 14:36
  
  LONDON (Reuters) - Home Secretary Theresa May said U.S. Republican presidential candidate Donald Trump was "just plain wrong" to say that Muslims in Britain were failing to report suspicious activity by extremists.
  
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• As ECB ramps up QE, its stake in government bond markets may double

  23-03-2016 14:20
  
  LONDON (Reuters) - Expanding QE could see the European Central Bank owning up to 25 percent of the 7 trillion euro government bond market, analysts estimate, exacerbating worries about bond scarcity and thin market conditions.
  
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• Exclusive - What cost a nuclear deterrent? Britain doesn't know yet

  23-03-2016 12:27
  
  LONDON (Reuters) - Britain's defence ministry has not yet established the overall cost of replacing and maintaining its ageing nuclear weapons system, it told Reuters, prompting opposition charges of mismanagement of a mega-project expected to be given the go-ahead this year.
  
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• UK's Supreme Court refuses Trinity Mirror appeal over hacking charges

  23-03-2016 12:13
  
  LONDON (Reuters) - Britain's Supreme Court has rejected an attempt by Trinity Mirror to reduce the amount of compensation it must pay eight people who had their phones hacked by staff working for the newspaper group.
  
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• Phoenix Group not dependant on acquisitions to meet goals

  23-03-2016 11:33
  
  (Reuters) - Phoenix Group Holdings, Britain's largest owner of life assurance funds closed to new customers, is not counting on acquisitions to help it meet the financial targets it has set for the next five years, Chief Executive Clive Bannister said.
  
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• Google's Android Pay to launch in UK in few months

  23-03-2016 11:30
  
  (Reuters) - Alphabet Inc's Google unit said on Wednesday its one-touch payment app for Android devices, Android Pay, will be launching in the UK in the next few months.
  
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• Woodford trust changes strategy, drops capital raising

  23-03-2016 11:04
  
  LONDON (Reuters) - An investment trust launched less than a year ago by star fund manager Neil Woodford is increasing its focus on early-stage companies and abandoning near-term plans to raise more capital, it said on Tuesday, after its net asset value fell nearly 3 percent.
  
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• Advent raises $13 billion global buyout fund, beating expectations

  23-03-2016 11:03
  
  LONDON/SAO PAULO (Reuters) - Private-equity firm Advent International Corp has raised $13 billion for its latest fund, exceeding a $12 billion fundraising target in spite of escalating market turmoil.
  
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• 'Don't punish us' plead UK's fledgling banks as new rules bite

  23-03-2016 09:22
  
  LONDON (Reuters) - Tougher rules aimed at holding top UK bankers to account when things go wrong are driving up pay, which smaller "challenger" banks say is making it harder to recruit senior staff.
  
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• The Crusader: Driven mad by repair bill

  23-03-2016 08:20 via feedproxy.google.com
  
  DOING the right thing landed a volunteer charity worker with a difficult dilemma, when he had a small prang in the vehicle he was driving while collecting donations.
  
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• Still waiting for Thomson to pay €800 compensation for eight-hour delay

  23-03-2016 08:00
  
  Another passenger on the same flight contacted the Guardian and was subsequently paid – I’ve been waiting 12 monthsIn January 2015 my Thomson Airways flight from Tenerife to Norwich was delayed by over eight hours. In a written note to passengers Thomson stated that this was due to a previous flight having been delayed because of bad weather, meaning that the crew had to take a 15-hour rest. It is clear that under EU regulation 261/2004 such knock-on issues are irrelevant, and that t
  
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• Family homes for less than £1,500 a month – in pictures

  23-03-2016 08:00
  
  From Bristol to Glasgow, these well-proportioned rental properties will accommodate you and your kids for a reasonable priceContinue reading...
  
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• Under fire, Osborne hits back at budget critics

  23-03-2016 06:57
  
  LONDON (Reuters) - Chancellor George Osborne defended his economic record on Tuesday, hitting back at critics of last week's budget which prompted a crisis in Prime Minister David Cameron's party ahead of a June 23 referendum on European Union membership.
  
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• ASIC, UK financial regulator ink fintech start-up deal - iT News

  23-03-2016 03:01
  iT News
  ASIC, UK financial regulator ink fintech start-up deal
  iT News
  The Australian Securities and Investments Commission has forged an agreement with its UK counterpart to assist new fintech providers to enter each others' markets. The co-operation agreement [pdf] sets out that the two regulators will share information ...en meer »
  

• UK cost agency says 'no' to pricey Vertex cystic fibrosis drug

  23-03-2016 01:09
  
  LONDON (Reuters) - A new cystic fibrosis treatment from Vertex Pharmaceuticals has been rejected as too expensive by Britain's healthcare cost agency NICE.
  
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• Equity Release: Providing a Living Inheritance

  23-03-2016 01:01 via feedproxy.google.com
  
  We all want our children to enjoy experiences and opportunities we never had and to live their lives to the fullest.
  
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• City news: Thomas Cook, Sports Direct, RBS and Bellway

  23-03-2016 01:01 via feedproxy.google.com
  
  THOMAS Cook has seen a 5 per cent drop in summer bookings as holidaymakers put off decisions on where to travel due to security concerns.
  
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• BT hits back in fibre optic row

  23-03-2016 01:01 via feedproxy.google.com
  
  BT HAS accused regulators of presiding over a “cherry pickers’ charter” after being ordered to give rivals access to its optical fibre network.
  
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• Are new Isas right for you? Find out which one works best for you

  23-03-2016 01:01 via feedproxy.google.com
  
  GEORGE OSBORNE tinkered with individual savings account rules last week, spreading more confusion among savers.
  
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• Borrowing likely to be higher than last financial year, ONS figures show

  23-03-2016 00:57
  
  Fall in tax receipts means George Osborne is likely to breach his own rule, that annual deficit should fall in each year of parliament George Osborne’s plan to cut the budget deficit remained off-track in February after self-assessment tax receipts failed to repeat last year’s bounce. Official figures showed that borrowing is likely to be higher in this financial year than in 2014-15, in breach of the chancellor’s fiscal rule that the annual deficit should fall in each year of
  
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