Financial news

• Top tips for a good financial spring clean - Yahoo Finance UK

  24-03-2016 18:41
  Yahoo Finance UK
  Top tips for a good financial spring clean
  Yahoo Finance UK
  Easter is a natural time to get the duster out and spruce up your surroundings. But why not extend the spring cleaning beyond your home? You could use the long weekend to tidy up your finances, too. From switching your suppliers to getting on top of ...
  

• Ghana lauds UK's financial support to deal with sexual, gender-based violence - Graphic Online

  24-03-2016 18:40
  Graphic Online
  Ghana lauds UK's financial support to deal with sexual, gender-based violence
  Graphic Online
  Nana Oye Lithur (middle) making a presentation. Those with her are Mrs Martha Ama Akyaa Pobee (right) and Hajia Laadi Ayamba. By: Salome Donkor Date : Thursday, 24 March 2016 17:34. Published in General News · Follow @Graphicgh. The Minister for ...
  

• European ADRs Decline as UK Financial Firms Pull Lower - Nasdaq

  24-03-2016 18:28
  European ADRs Decline as UK Financial Firms Pull Lower
  Nasdaq
  American depository receipts of European stocks were 1.1% lower at 117.92 on the Bank of New York Mellon Europe ADR Index shortly on Thursday afternoon. Decliners in Continental Europe were led by CGG (. CGG. CGG CGG 0.87 -0.02 (-2.30%).
  

• Britain's campaign to stay in EU has 11 percent lead - Survation poll

  24-03-2016 18:06
  
  LONDON (Reuters) - The campaign for Britain to remain in the European Union has maintained its lead over those wanting to leave the bloc although the gap has narrowed, according to a telephone poll for Survation published on Thursday.
  
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• UK's economic analysis of EU membership due in April - Osborne

  24-03-2016 18:00
  
  LONDON (Reuters) - The Treasury is likely to publish a widely-anticipated analysis of the costs and benefits of membership of the European Union in mid-April, Chancellor George Osborne said on Thursday.
  
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• U.S. blacklists firms, individuals over Iran missile programme

  24-03-2016 17:10
  
  WASHINGTON (Reuters) - The U.S. Treasury Department blacklisted two Iranian companies on Thursday for supporting Iran's ballistic missile programme and also sanctioned two British businessmen it said were helping an airline used by the country's Revolutionary Guards.
  
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• British consumers defy weaker outlook for economy

  24-03-2016 16:28
  
  LONDON (Reuters) - British consumers are still driving the country's recovery despite a gloomier outlook for the economy and the approach of the European Union membership referendum, figures released on Thursday showed.
  
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• Fearing crash, bond fund Pimco warns off 'helicopter money'

  24-03-2016 15:30
  
  LONDON (Reuters) - One of the world's biggest bond fund managers has urged central banks not to dole out free cash to citizens saying it could lead to hyperinflation, a debt market sell-off and even a banking crash.
  
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• Ex-England football player Johnson jailed for six years for child sex crime

  24-03-2016 15:14
  
  LONDON (Reuters) - Former England international football player Adam Johnson was jailed for six years on Thursday after being found guilty of sex offences involving an under-age, 15-year-old girl.
  
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• Major Premier Foods shareholder slams board over handling of bids

  24-03-2016 14:30
  
  LONDON (Reuters) - Standard Life Investments on Thursday criticised the board of Premier Foods over its handling of takeover bids from U.S. rival McCormick & Co. and the purchase of a stake in the firm by Japan's Nissin Foods.
  
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• MPs seek assurances on plan B for Hinkley C nuclear plant

  24-03-2016 14:14
  
  LONDON (Reuters) - A British parliamentary committee has asked the Secretary of State for Energy and Climate Change to outline any contingency plans and potential costs if the Hinkley Point C nuclear project collapses.
  
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• The UK's financial services sector is divided over the referendum vote - EUROPP - European Politics and Policy (blog)

  24-03-2016 13:59
  EUROPP - European Politics and Policy (blog)
  The UK's financial services sector is divided over the referendum vote
  EUROPP - European Politics and Policy (blog)
  scott-james-Cropped-103x155 The UK's financial services sector accounts for a significant percentage of the country's GDP, but what are the views within the City on the upcoming referendum on EU membership? Scott James writes that while some of the ...en meer »
  

• Radar scan of Shakespeare's grave confirms skull apparently missing

  24-03-2016 13:21
  
  LONDON (Reuters) - Shakespeare's skull is likely missing from his grave, an archaeologist has concluded, confirming rumours which have swirled for years about grave-robbers and adding to the mystery surrounding the Bard's remains.
  
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• Embattled Aberdeen manager Gilbert eyes five more years

  24-03-2016 13:17
  
  LONDON (Reuters) - Aberdeen Asset Management's chief plans to stay on for five more years even though investors have withdrawn money every quarter for nearly three years and its shares have almost halved in less than 12 months.
  
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• Osborne says likely to give BoE powers over buy-to-let, possibly this year

  24-03-2016 12:17
  
  LONDON (Reuters) - Chancellor George Osborne said on Thursday the government was highly likely to give the Bank of England powers to regulate mortgages used by landlords to buy homes, possibly later this year.
  
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• Support for EU membership ebbs in Britain as Tories row

  24-03-2016 11:18
  
  LONDON (Reuters) - Support in Britain for membership of the European Union has declined, two polls showed, suggesting a dispute within the ruling Tories may be undermining Prime Minister David Cameron's campaign for the country to stay in.
  
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• National Grid leads utilities higher but Next and miners drag down FTSE

  24-03-2016 11:08
  
  Markets hit by retail and commodity falls ahead of the long weekendIt has not exactly been a calm run-in to the Easter break.On the last trading day before the long weekend, shares are sharply lower after disappointing comments from Next about the outlook and a fall in commodity companies as the dollar strenghtens. Continue reading...
  
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• Markets hit by stronger US dollar and gloom from Next - business live

  24-03-2016 11:02
  
  Shares and commodity prices are suffering from fresh US interest rate rise fears, and a big dollop of pessimism from NextNext: Toughest year since Lehman Brothers collapsedFTSE 100 fell 60 points in early tradingAsian markets hit
  The agenda: Stronger dollar is worrying the City9.57am GMTThe latest UK retail sales figure are out....and they show that demand for new clothes has taken a dive. 9.27am GMTThe European Central Bank has warned that the global economic recovery has weakened, meaning 2016
  
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• Lone Pine-backed hedge fund to launch in London - sources

  24-03-2016 10:44
  
  LONDON (Reuters) - Lone Pine Capital senior analyst Ran Li is to start a new London-based equities hedge fund backed by the U.S. firm, sources with direct knowledge of the matter told Reuters, in what could prove one of the year's biggest European launches.
  
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• IFS warns Scottish deficit has become three times greater than UK's

  24-03-2016 10:35
  
  Forecast from the Institute for Fiscal Studies says a collapse in oil prices has left a growing gap between Scottish spending and tax incomeA fresh economic forecast released to coincide with the day Scotland was to become independent has warned the country’s deficit has deepened, projected to be more than three times greater than the UK.The Institute for Fiscal Studies figures were released as Nicola Sturgeon launched the first phase of the Scottish National party’s campaign for th
  
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• Four ways emerging tech is empowering women

  24-03-2016 10:27
  
  From 3D printing workshops in Africa to mapping the Zika virus in South America, here are some of the ways new technology is improving women’s lives I am so proud to be a woman working in tech. Thanks to the digital revolution women are equipped and empowered to effect change like never before. The internet has been central to driving the fourth wave of feminism – through factors such as exchange of information, access to investment opportunities and the democratisation of data. Now
  
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• Next warns of toughest trading since financial crisis and cuts sales forecast

  24-03-2016 09:22
  
  Fashion retailer says it needs to improve or 2016 will be like ‘walking up the down escalator’ given economic uncertainty and weaker consumer speningFashion retailer Next has warned that 2016 could be like “walking up the down escalator”, predicting its toughest trading conditions since the financial crisis and cutting its forecast for annual sales.Reporting its annual results on Thursday, Next said it faced economic uncertainty, a weaker outlook for consumer spending, an
  
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• Can't beat them, join them: entrepreneurial rivals work together

  24-03-2016 09:17
  
  Fresh ideas, new audiences and pooled resources are some of the reasons why competitors are starting to combine forcesFrom craft brewing to farming, more and more entrepreneurs are choosing to stop competing with their rivals and work with them instead. Whether it is a one-off project or a longer term arrangement, these collaborations can pay off, with both sides gaining new customers and saving cash. We speak to small business owners making it work.Continue reading...
  
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• EU exit could make Britain safer - former MI6 spy chief

  24-03-2016 09:13
  
  LONDON (Reuters) - Britain could be safer if it voted to leave the European Union because it would have greater control over immigration, said Richard Dearlove, the former head of the MI6 foreign intelligence service.
  
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• Trump says Britain will vote to leave EU over migration concerns

  24-03-2016 08:54
  
  LONDON (Reuters) - U.S. Republican presidential candidate Donald Trump said he thought Britain would vote to leave the European Union in June because of concerns about high levels of migration.
  
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• Kipper Williams on the vote to resurrect BHS fortunes

  24-03-2016 08:48
  
  Embattled chain thrown lifeline as creditors approve rescue package, securing short-term future of 10,000 staffContinue reading...
  
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• Nationals' Fiona Nash blasts Coles for suggesting competition laws will increase prices

  24-03-2016 08:09
  
  Coles’ managing director, John Durkan, warns the effects test, which cracks down on the use of market power, will push up prices in rural supermarketsThe deputy leader of the Nationals, Fiona Nash, has unleashed on supermarket chain Coles for suggesting that stronger protections for small businesses could drive up prices, calling it a “disgraceful” scare tactic.On Wednesday, Coles’ managing director, John Durkan, warned that implementation of a so-called effects test &nda
  
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• Will I pay higher stamp duty if I buy a second home to renovate and sell on?

  24-03-2016 08:00
  
  If I am hit with the new rate, I am wondering if I could claim it back on selling the property
  Q This new higher stamp duty seems awfully complicated. If I buy a second home, renovate it and sell it on within 18 months am I going to be hit with the higher rate? If so, can I claim it back upon its sale? MDA Bad news, I’m afraid. Following a consultation on the new higher rates of stamp duty for additional residential properties, the government has decided that there is “no compelling
  
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• Telstra risks exodus unless it repairs its severed connection with customers

  24-03-2016 07:57
  
  Telstra’s outages have given its rivals a prime chance to lure disgruntled customers away from the market leaderPressure is mounting on Telstra to ensure the outages that have blighted its network in recent weeks do not become a permanent fixture.The telecom company’s chief executive, Andy Penn, has offered customers a day’s free data as compensation and called in experts from around the world to examine what was behind the latest of the “unacceptable” outages. Each
  
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• ANZ's bad loans to miners are just 'tip of the iceberg', analysts say

  24-03-2016 07:29
  
  Bank says writedowns have risen $100m to $900m in a month thanks to commodity prices but analysts point to a crisis for coal industryAn announcement today that ANZ is absorbing a bigger than expected loss as a result of lending to the mining industry is likely to be the tip of the iceberg as coal and other fossil fuels go into structural decline, according to some financial analysts. Related: Australian coalmines are one of riskiest investments in the world – reportContinue reading...
  
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• Why claims of narrowing gender pay gap don't tell the whole story

  24-03-2016 07:03
  
  Media jumped on a study indicating the gap was just 3.9% – but as the authors point out, their sample is highly selectiveA new study on the gender pay gap reportedly shows that Australian women aren’t paid much less than men, but it doesn’t show the whole picture of the wage gap in Australia.
  The study was covered by multiple publications, all of which extrapolated the results to all Australians.Continue reading...
  
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• The aggressive, outrageous, infuriating (and ingenious) rise of BrewDog | Jon Henley

  24-03-2016 07:00
  
  Once known more for its stunts than its beers, the ‘punk’ Scottish brewer is now the UK’s fastest-growing drinks company. You have a problem with that?
  In July 2010, a small brewery in the Scottish fishing port of Fraserburgh produced what was, at the time, the world’s strongest beer. Named after the Francis Fukuyama book that declared liberal capitalist democracy the peak of human political evolution, The End of History was, according to its makers, in a sense, the end o
  
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• Don't refund online fraud victims, Met chief tells banks

  24-03-2016 06:40
  
  Bernard Hogan-Howe blames online theft on ‘bad behaviour’ of customers who have poor internet securityBritain’s most senior police officer has been accused of attempting to shift blame on to victims of online fraud after he suggested consumers should not be refunded by banks if they fail to protect themselves from cybercrime.
  Sir Bernard Hogan-Howe, the Metropolitan police commissioner, said customers who have fallen foul of online fraudsters were being “rewarded for bad
  
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• Longannet power station closes ending coal power use in Scotland

  24-03-2016 01:01
  
  The biggest plant of its kind in Britain has been generating electricity for 46 years, with closure marking ‘end of an era’ for coal power in Scotland
  Scotland will on Thursday witness an end to the coal age which fired its industrial revolution with the closure of Longannet power station.The symbolic switch off is an important step towards a lower carbon Britain but is another blow to energy security. Continue reading...
  
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• Energy secretary warns of £500m 'electric shock' after Brexit

  24-03-2016 01:01
  
  Amber Rudd says leaving European internal energy market could cause household bills to rocketEnergy bills would soar by £500m a year if the UK left the EU, Amber Rudd, the energy secretary, will claim on Thursday.In remarks dismissed by leave campaigners as “absurd”, the cabinet minister will deliver the latest in a series of warnings from senior government figures about the costs of Brexit. Continue reading...
  
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• City news: Lloyd's, Odeon, B&Q and William Hill

  24-03-2016 01:01 via feedproxy.google.com
  
  LLOYD’S of London suffered a 30 per cent drop in annual pre-tax profit to £2.1billion as low interest rates hit investment returns.
  
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• BHS boss Darren Topp vows to bounce back

  24-03-2016 01:01 via feedproxy.google.com
  
  BHS boss Darren Topp pledged to lead a “revitalised” department store group back into profit after creditors backed a rescue plan involving big cuts to its rent bill.
  
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• The budget is coming so standby for talk of 'ordinary Australians'. Who are these people? | Greg Jericho

  24-03-2016 00:48
  
  Scott Morrison likes to talk about nurses, teachers, police officers, and train drivers, but when it comes to income, who really qualifies for middle Australia?Whenever talk turns to the budget or tax or when politicians enter into campaign mode you can be sure there will be mention of ordinary or middle Australians. But who are these people? The latest taxation statistics allow us to see the occupations of people who are earning the median Australian income, and not all of them fit the usual li
  
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