Financial news

• Osborne's pension reform sees savers withdraw £6billion

  29-03-2016 21:27 via feedproxy.google.com
  
  SAVERS have withdrawn £6billion from their pension funds as they search for more lucrative returns.
  
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• Don't pay the price of staying faithful: Shop around and beat introductory offers

  29-03-2016 21:08 via feedproxy.google.com
  
  Loyalty does not pay when managing your money as big companies continue to treat long-standing customers like second-class citizens.
  
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• Homeowner victory: Landlords can now earn £7,500 tax free when renting out spare room

  29-03-2016 20:13 via feedproxy.google.com
  
  FROM next week homeowners can earn up to £7,500 a year tax free from renting out a spare room.
  
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• WARNING: Millions of dog owners at risk from hundreds of pounds in shock vet bills

  29-03-2016 18:22 via feedproxy.google.com
  
  MILLIONS of pet owners are at risk of being landed with vet bills worth hundreds of pounds after failing to get insurance, it has been warned.
  
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• New coins to feature ‘The Queen’s Beasts’ - including £100 gold piece of coinage

  29-03-2016 18:09 via feedproxy.google.com
  
  NEW gold and silver coins featuring the 'Queen's beasts' will go on sale to collectors, the Royal Mint has announced.
  
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• Mortgage clampdown ANOTHER blow for landlords amid fears property bubble could burst

  29-03-2016 17:42 via feedproxy.google.com
  
  LANDLORDS are set for another market crackdown amid fears Britain's property bubble could burst with devastating effects for the economy.
  
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• How to claim the winter fuel payment: When is the deadline?

  29-03-2016 16:34 via feedproxy.google.com
  
  MANY pensioners rely on their winter fuel allowance in order to keep warm during cold weather. But when do you have to claim your winter fuel payment by?
  
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• Bank of England warns on Brexit, tightens buy-to-let mortgages

  29-03-2016 14:47
  
  LONDON (Reuters) - Britain's European Union referendum could push up credit costs and weaken sterling more, the Bank of England warned on Tuesday, as it moved to bolster banks' risk buffers and slow a boom in lending to landlords.
  
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• Warning for savers: Premium Bond prizes to PLUNGE as rates are slashed

  29-03-2016 14:03 via feedproxy.google.com
  
  THE Premium Bonds odds are to soar as payouts plunge, amid a huge cull on returns offered on the most popular accounts from the Government's savings provider.
  
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• How YOUR pay packet will be cut by £37 NEXT WEEK to pay for new state pension

  29-03-2016 13:28 via feedproxy.google.com
  
  MILLIONS of workers will see their pay packet sliced next month to pay for changes to the new state pension.
  
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• BOE says UK financial stability outlook has worsened since November 2015 - ForexLive

  29-03-2016 12:15
  Investment Week
  BOE says UK financial stability outlook has worsened since November 2015
  ForexLive
  The Bank of England's Financial Policy Committee (FPC) assesses the outlook for financial stability by identifying the risks faced by the financial system and weighing them against the resilience of the system. In doing so, its aim is to ensure the ...
  BoE: Brexit volatility damaging UK's financial stability outlookInvestment Week
  BoE: UK financial stability has deterioratedFinancial Reporteralle
  

• European stocks rally after Easter break, but oil falls below $40 - business live

  29-03-2016 11:55
  
  All the day’s economic and financial news, as the Bank of England announces its new bank stress tests and a possible clampdown on buy-to-let mortgages Markets rise after Easter
  Coming up: Bank of England action10.55am BSTNatural resource stocks aren’t sharing in today’s rally.Instead, mining stocks are leading the fallers in London, as a stronger US dollar hits commodity prices.UK miners are enjoying their usual habitat – back in the red....Weaker growth in developed mark
  
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• Starwood Hotels bidding war continues as Chinese offer $14bn

  29-03-2016 11:53
  
  Marriott International is battling China’s Anbang-led consortium for control of the W and Sheraton hotel chainsThe battle for control of Starwood, owner of the W and Sheraton hotel chains, has intensified after a Chinese-led consortium returned with a sweetened $14bn (£9.8bn) offer designed to wrest the company from rival suitor Marriott International.
  The US hotel operator, which has already agreed to sell itself to Marriott for $13.6bn, said it had received a weekend approach likel
  
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• The Brexit muddle means pragmatism must win the day

  29-03-2016 11:45
  
  Highly complex issue of EU membership means referendum remains highly uncertain and could prove hostage to sudden eventsDuring a recent visit to the UK, I was struck by the extent to which the question of whether the country should remain in the European Union is dominating the media, boardroom discussions, and dinner conversations. While slogans and soundbites capture most of the attention, deeper issues in play leave the outcome of the 23 June referendum subject to a high degree of uncertainty
  
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• How would Brexit affect EU patent protection?

  29-03-2016 11:36
  
  The UK will vote on its European future just as the EU finalises a new patent system – a coincidence with implications for SMEsThe UK’s impending EU referendum is posing many economic questions for SMEs, one of which is about intellectual property. Many SMEs are wondering what impact Brexit could have on the process of seeking patent protection in Europe.
  For the European Patent Office (EPO), the body that grants patents, the potential for a Brexit has come at a particularly inconven
  
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• The detective inspector leading the charge against cybercrime

  29-03-2016 11:07
  
  It’s hard to imagine a more cutting edge or hotly debated role in policing. Vanessa Smith knows the stakes are highIt’s hard not to imagine the A-Team theme tune playing when Detective Inspector Vanessa Smith explains how she assembled her crack unit of cybercrime-busting experts. She is West Yorkshire police cybercrime lead and when the job was created in 2015 she set out to round up top techies from across academia, specialist government departments and private industry. Continue r
  
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• Investment fund to buy Irish energy company Viridian

  29-03-2016 11:01
  
  LONDON (Reuters) - Investment management company I Squared Capital will buy Irish energy company Viridian Group Holdings Limited from investment bank Arcapita, it confirmed on Tuesday.
  
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• Aviva Investors sees risk assets doing well over next six months

  29-03-2016 10:53
  
  SINGAPORE (Reuters) - Global asset manager Aviva Investors is buying high-yielding corporate bonds and stocks as the environment for risk-taking improves across financial markets, the group's head of investment strategy said.
  
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• Britain's FTSE gains as insurance, financial stocks rise - Yahoo Finance UK

  29-03-2016 10:50
  Britain's FTSE gains as insurance, financial stocks rise
  Yahoo Finance UK
  (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details). * FTSE 100 up 0 ...en meer »
  

• Cola maker AG Barr sees little impact from Britain's proposed sugar tax

  29-03-2016 10:07
  
  (Reuters) - AG Barr, the maker of Irn-Bru and Rubicon fizzy drinks, on Tuesday reported a 7 percent rise in annual profit and said it expects it can minimise the financial impact of a sugar tax proposed by Britain.
  
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• Only structural reform can halt Europe’s emerging bubbles

  29-03-2016 09:57
  
  ECB policies are setting the stage for severe instability with a property bubble inflating fast in Austria, Germany and Luxembourg The European Central Bank’s latest policy moves have shocked many observers; while their goal – to prevent deflation and spur growth – is clear, the policies themselves are setting the stage for severe instability.The policies in question include setting the interest rate on the ECB’s main refinancing operations to zero; raising monthly asset
  
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• EU puts Britons at risk from dangerous criminals, 'Out' campaigners say

  29-03-2016 09:56
  
  LONDON (Reuters) - The European Union puts British families at risk by allowing the free movement of dangerous criminals, campaigners who want Britain to leave the bloc said on Tuesday, an argument dismissed as "scaremongering of the worst kind" by EU supporters.
  
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• Bank of England set to clamp down on buy-to-let lending

  29-03-2016 09:36
  
  Mortgage report to assess ways to rein in booming landlord lending market amid fears over new UK property crashThe Bank of England is expected to signal a clampdown on buy-to-let lending when it reports on the mortgage market for landlords.The Bank has been watching the buy-to-let market for some time and is concerned about the amount of money pumped into the market and its vulnerability to even a small rise in borrowing costs. Continue reading...
  
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• Pants to Poverty loses its ethical stance

  29-03-2016 09:01
  
  Customer are left in the dark - and out of pocket - as company backing thousands of Indian farmers runs into problemsLast month I placed an order with the online retailer Pants to Poverty for a birthday present. It processed the payment on 23 February and I received an order confirmation stating that the pants should be with me in a couple of days. Two weeks later the order hadn’t arrived, so I emailed three times. No response. I also called the phone number on the website and was told it
  
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• Gallows humour in Brussels as EU gloomily awaits British vote

  29-03-2016 09:01
  
  BRUSSELS (Reuters) - Even before the shock of last week's deadly Brussels bombings, gallows humour had taken hold in the square kilometre around Schuman Roundabout, the heart of the city's European district.
  
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• Lenders wait for Bank of England view on capital, details of tests

  29-03-2016 08:48
  
  LONDON (Reuters) - British banks will find out on Tuesday if the Bank of England wants them to start building up extra capital buffers to guard against looser lending standards and prepare for this year's test of their crisis resilience.
  
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• Brexit? Voters can be yours for £25 each

  29-03-2016 08:30
  
  We asked people how they would vote in the EU referendum if it were to make them richer or poorer – and measured the resultsOne of the most revealing bits of polling during the Scottish independence referendum was what became known as the “£500 question”. How would you vote if you thought that independence would make you £500 better or worse off?It mattered. If people thought they would be worse off in an independent Scotland, then the majority against independence
  
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• Financial sector confidence about UK economy drops sharply - The Guardian

  29-03-2016 08:26
  The Guardian
  Financial sector confidence about UK economy drops sharply
  The Guardian
  Concerns over China's economic slowdown are among the reasons for UK's financial sector's dwindling confidence. Photograph: Rolex Dela Pena/EPA. Katie Allen. Monday 28 March 2016 19.01 EDT. Share on Facebook · Share on Twitter · Share via Email ...
  'Perfect storm' gathering over UK financial sectorThis is Money
  Financial "perfect storm" gathering in UKeconomia
  UK Financial Firms' Optimism Fal
  

• San Bernardino iPhone: US ends Apple case after accessing data without assistance

  29-03-2016 08:24
  
  With the court filing, Silicon Valley and Washington are poised to return to a cold war over the balance between privacy and law enforcement in the age of appsThe US government dropped its court fight against Apple after the FBI successfully pulled data from the iPhone of San Bernardino gunman Syed Farook, according to court records. The development effectively ended a six-week legal battle poised to shape digital privacy for years to come. Instead, Silicon Valley and Washington are poised to re
  
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• I’ve found the key to Britain’s recovery: an orange shed in Shanktown | Aditya Chakrabortty

  29-03-2016 08:00
  
  A return visit to the Building Bloqs initiative – in a suburb best known for stabbings and mini-riots – shows what social enterprises can do with proper supportJournalists are like pigeons: they all flock at once to the same feeding ground, then fly off together, leaving behind only their indelible crap. Venal bankers, Afghanistan, the northern powerhouse … stories are hot until they are most decidedly not, and, unlike Star Wars, the readers never get a sequel.I always hoped t
  
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• Can machines come up with more creative solutions to our problems than we can?

  29-03-2016 07:46
  
  Design engineer David Thomassen can see a future where robots make feature films, build cities autonomously and let humans get on with helping each otherIf there’s any comfort offered during the current debate around robots, automation and the future of work, it’s that robots can’t do creativity. Machines are great for automated, precise, repetitive work; not so great for creative, expressive work. Beating beneath the discussion is a steady pulse of fear that once the technolog
  
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• Union leaders appeal to Tata Steel ahead of meeting to decide industry's future

  29-03-2016 04:23
  
  Community union head who travelled as part of delegation to Mumbai says he is ‘standing up for the whole UK steel industry’ and asking Tata to give it a chanceUK union leaders have held talks in India ahead of a crucial board meeting of steel giant Tata which could decide the fate of thousands of workers.Related: Tata Steel's last attempt to revive Port TalbotContinue reading...
  
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• Volkswagen recalls e-Golfs sold in US since 2014

  29-03-2016 02:14
  
  5,600 electric vehicles sold over past two years recalled by company over safety concerns that problem with battery could cause cars to shut down Volkswagen is recalling nearly 5,600 electric e-Golf cars in the United States to address a battery problem that can cause stalling. Related: Volkswagen emissions scandal – timelineContinue reading...
  
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• Skilled workers shortage hampers manufacturing growth

  29-03-2016 01:02 via feedproxy.google.com
  
  MANUFACTURING firms struggling to recruit skilled workers are threatening to “derail” productivity gains, a new report has warned.
  
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• China sees industrial profits grow at start of 2016

  29-03-2016 01:02
  
  Profits at industrial firms in the country rose by 4.8% in January and February from last year, totalling £84bn China’s industrial profits returned to growth in the first two months of 2016, partly due to a recovery in the property market despite an otherwise struggling economy.Profits earned by Chinese industrial firms in January and February combined rose 4.8% from a year earlier, totalling 780.7bn yuan (£84bn) in the two-month period, according to the National Bureau of Stat
  
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• Wales and London's craft beer scene continues to thrive

  29-03-2016 01:01
  
  The capital saw a 24% rise in new brewers, while Wales recorded a 35% rise – but figures flattened across the rest of BritainLondon’s craft beer industry is undergoing a boom, as hipster culture creates a spike in demand for high-end brews.Some 36 boutique firms brewed their first ales, stouts and lagers in the capital last year, 24% more than the previous year, while Wales welcomed 17 new brewers, up 35%. Continue reading...
  
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• National living wage hits services already at breaking point – LGA

  29-03-2016 01:01
  
  Local Government Association organising summit on funding crisis in care for elderly and disabled peopleThe introduction of the “national living wage” (NLW) this week will put further pressure on care services for the elderly and disabled that are already at breaking point, council leaders have warned.Town halls have battled with a £5bn shortfall in social care funding since 2010. They fear the NLW, which comes into effect on Friday, will worsen the financial squeeze, forcing f
  
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• Most UK manufacturers are struggling to recruit skilled workers – report

  29-03-2016 01:01
  
  Business group EEF says skills shortage is putting productivity growth at risk and warns government over lack of supportBritain’s manufacturers are struggling to recruit skilled workers and keep pace with global technology, according to an industry report that criticises the government for lack of support. Three-quarters of companies say they have faced difficulties finding the right workers in the last three years, according to business group EEF. It warns a skills shortage is putting pro
  
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• Financial sector confidence about UK economy drops sharply

  29-03-2016 01:01
  
  Optimism among companies has fallen at fastest rate since 2011, reflecting fears of global slowdown and EU referendum uncertainty Fears over the UK’s faltering economic outlook have been underlined by a survey showing a sharp drop in confidence among financial services firms, against the backdrop of the Chinese slowdown and the EU referendum.Optimism among companies in the UK’s financial sector has fallen at the fastest rate since 2011, reflecting a backdrop of tumultuous markets and
  
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• Athens close to deal over lease of former international airport

  29-03-2016 01:01
  
  Greece aiming to close €915m agreement to lease the 444-acre plot to property consortium by the end of April as part of bailout programmeGreece is aiming to conclude a deal to lease a prime seaside property at the site of the former Athens International airport, as the country pushes on with state sell-offs as part of its bailout programme.In 2014, Greece signed a €915m (£717m) deal to lease the property to a consortium that includes Chinese and Abu Dhabi-based firms. Continue re
  
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