Financial news

• Over-50s risk pension scams as they shun expert advice

  02-04-2016 23:24
  
  Survey points to threat of fraud as those near retirement refuse to seek expert guidance, revealing that almost nine in 10 people miss common warning signs of a pensions scamConcerns are growing that those reaching retirement are leaving themselves open to fraud, as well as the risk of running out of money in their later years, because they are not taking any advice or guidance over their pension pots.An independent survey commissioned by the Observer in conjunction with insurer LV=, on the firs
  
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• UPDATE 1-Greece demands IMF explanation over leaked debt transcript

  02-04-2016 20:24
  
  ATHENS, April 2 (Reuters) - Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief.
  
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• Cameron urges talks on steel crisis with China at G20

  02-04-2016 17:51
  
  LONDON (Reuters) - Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday.
  
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• Greece demands IMF explanation over leaked debt transcript

  02-04-2016 16:40
  
  ATHENS, April 2 (Reuters) - Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief.
  
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• Zimbabwe minister says banks have credible plans to sell stakes to locals

  02-04-2016 12:06
  
  HARARE, April 2 (Reuters) - Foreign banks operating in Zimbabwe have submitted credible plans on how they intend to transfer majority shares to locals, the country's finance minister said on Saturday, reducing the chances the government could cancel their licences.
  
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• Tata steel crisis: Cameron defends blocking tariffs as Javid faces workers’ anger

  02-04-2016 10:55
  
  PM says he was right to reject raising EU tariffs on Chinese steel, while business secretary fails to convince Port Talbot steelworkersDavid Cameron defended Britain’s decision to reject higher EU tariffs on Chinese steel on Friday as the business secretary faced the anger of Port Talbot workers whose livelihoods have been undermined by cut-price imports.The prime minister, on a visit to Washington, said that the UK was right to block plans that he argued would “rewrite not simply th
  
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• ‘We put our baby in a box on the counter’: meet Britain’s corner shop owners

  02-04-2016 09:00
  
  They know their neighbourhood better than anyone – and have seen off supermarkets, burglars and generations of change. We get the view from the tillIndu Everybody asks how can I spend so much time with my husband, working together in the shop all these years. I tell them we love each other. I don’t want to leave him on his own. Continue reading...
  
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• Greenpeace reveals Indonesia's forests at risk as multiple companies claim rights to same land​

  02-04-2016 09:00
  
  Collusion between private sector and government exacerbating problems, says corruption official
  Indonesia’s palm oil, mining and logging industries are enmeshed in a cat’s cradle of overlapping land claims and corruption that are hampering attempts to stop deforestation and fires, newly released maps reveal.Compiled over almost a decade by Greenpeace using data from provincial governments, resource companies and others, the interactive maps highlight the vast scale of the concession
  
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• Unhappy returns as NS&I cuts premium bond prizes

  02-04-2016 08:00
  
  As the scheme celebrates its 60th birthday, is it still worth a flutter, or would your cash be better elsewhere?There was bad news for Britain’s 21 million-strong army of premium bond holders this week: the (already slim) odds of winning a prize are about to get even worse. National Savings & Investments has slashed the number of premium bond prizes, reducing people’s chances of winning. At the same time it has cut the interest rates on many of its savings accounts.So is it still
  
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• The challenges facing Marks & Spencer's new chief

  02-04-2016 08:00
  
  As Steve Rowe takes over from Marc Bolland at the retail institution, here are the tasks he must tackle to win back customers and investors He’s the new king of the high street. On Saturday Steve Rowe takes over from Marc Bolland as chief executive of Marks & Spencer and inherits one of the biggest jobs in British retail. Related: Steve Rowe: new M&S boss is company lifer who made his mark in foodContinue reading...
  
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• Mobile banking in the spotlight as fraudsters pull £6,000 sting

  02-04-2016 08:00
  
  John Ellard found himself caught up in a deception involving both O2 and NationwideIf your bank has your mobile number to help it “manage” your current account, you may want to have a rethink. John Ellard, managing director of a small internet service provider, has had his Nationwide current account emptied of £6,000 after fraudsters apparently took over his O2 mobile account, switched his number to a new Apple handset, and then used it to make a series of fraudulent purchases.
  
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• Landlords clamp down on the rise of subletting without approval

  02-04-2016 08:00
  
  ‘Everyone does it’, but leaseholders and tenants must tread carefully if they want to avoid repercussionsGrowing numbers of landlords are launching possession proceedings against tenants who have sublet their property via sites such as Airbnb without permission, it was claimed this week. Tenants who do this without consent risk eviction for a breach of their assured shorthold tenancy agreement. Meanwhile, owners of leasehold flats have also been warned they should tread very carefull
  
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• Is a £1,800 wood-fired outdoor hot tub a good idea?

  02-04-2016 08:00
  
  I’m thinking a conventional tub might be better – or that the whole idea is crazyEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• Railroaded by Virgin Trains into buying another ticket … then refused a refund

  02-04-2016 07:59
  
  I could provide proof of payment with my bank card, but it wasn’t acceptedIn January I renewed my senior railcard in person at Wolverhampton station. At the same time I asked the booking clerk for information about travel on Virgin Trains to Newark Castle two days later. He printed out departure information for the correct date and issued me a return ticket as requested. But I did not notice, as I paid for both the railcard and the ticket, that the latter was wrongly dated.On the train to
  
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• Beware the Airbnb guests who could end up costing you your home

  02-04-2016 07:59
  
  The rise in popularity of sites such as Airbnb has been incredible, but renting out your house is likely to be a breach of your mortgage terms, meaning charges or rate rises – or worseIt was one of the budget’s most eye-catching giveaways: a tax break for people who use websites such as Airbnb to rent out their home. But a Guardian Money investigation has found that many people who might be considering hosting Airbnb guests in the wake of George Osborne’s announcement could lan
  
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• Entu (UK) Plc (ENTU) Announces GBX 2.67 Dividend - Financial Market News

  02-04-2016 07:06
  Entu (UK) Plc (ENTU) Announces GBX 2.67 Dividend
  Financial Market News
  Entu (UK) Plc logo Entu (UK) Plc (LON:ENTU) announced a dividend on Friday, January 29th, AnalystRatingsNetwork.com reports. Shareholders of record on Thursday, April 7th will be given a dividend of GBX 2.67 ($0.04) per share on Friday, May 6th.en meer »
  

• UPDATE 1-Anbang's Starwood retreat is setback for China's M&A campaign

  02-04-2016 05:28
  
  * China's announced outbound M&A reaches $101 bln year to date
  
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• UPDATE 2-SunEdison preparing to file for bankruptcy protection -WSJ

  02-04-2016 02:41
  
  April 1 (Reuters) - Struggling solar developer SunEdison Inc is planning to file for bankruptcy protection in the coming weeks, The Wall Street Journal reported on Friday, citing people familiar with the matter.
  
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• CORRECTED-Ohio home of serial killer for rent during Republican convention

  02-04-2016 01:45
  
  CLEVELAND, April 1 (Reuters) - The Ohio childhood home of serial killer Jeffrey Dahmer, available for rent in time for the Republican National Convention this summer, could have been had for $8,000 a month until Friday afternoon, when the price went up and references to the infamous criminal came down.
  
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• Losses of Co-operative bank more than double to £610m

  02-04-2016 01:01 via feedproxy.google.com
  
  THE Co-operative bank has warned it will take longer to rebuild its finances as annual losses more than doubled to £610.6million.
  
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• Co-op boss gets £500k pay rise despite losses more than DOUBLING

  02-04-2016 01:01 via feedproxy.google.com
  
  THE Co-operative Bank came under fire yesterday after handing boss Niall Booker a massive pay rise despite its losses more than doubling to £610.6 million.
  
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• Business news: Argos, factories, Fyffes, oil prices

  02-04-2016 01:01 via feedproxy.google.com
  
  ARGOS chain owner Home Retail Group has backed a £1.4billion takeover by Sainsbury’s.
  
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• Ackman's fund falls 7 pct in March, hurt by Valeant

  02-04-2016 00:28
  
  BOSTON, April 1 (Reuters) - Billionaire investor William Ackman's Pershing Square Holdings, Ltd fund lost 7.1 percent last month, hurt largely by Valeant Pharmaceuticals' roughly 60 percent tumble in March.
  
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• Backstage with The Beatles at show re-staging Abbey Road recordings

  02-04-2016 00:07
  
  LONDON (Reuters) - From the busy, brassy "All You Need is Love" to the softer "Yesterday", a new show takes audiences back in time to when The Beatles recorded their famous hits at London's Abbey Road Studios.
  
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• Banks fall out of love with emerging markets

  02-04-2016 00:06
  
  April 1 (IFR) - Emerging markets are fast losing their shine for the world's biggest investment banks. Faced with falling fees from fewer deals - and bleak prospects ahead - many have put the brakes on a decade-long expansion, with some cutting jobs and shutting offices.
  
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• China misses deadline for 'negative list' investment offer to U.S.

  02-04-2016 00:00
  
  WASHINGTON, April 1 (Reuters) - Chinese officials have missed their own March deadline to submit a new offer for a proposed investment treaty that would shrink the number of sectors closed to American investors, U.S. officials and China trade watchers said on Friday.
  
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