Financial news

• City News: Hiscox, Premier Foods, Volkswagen and Chapel Down

  22-04-2016 23:48 via feedproxy.google.com
  
  HISCOX has made a Man from the Pru its new finance chief.
  
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• HSBC acts in pay policy row

  22-04-2016 23:27 via feedproxy.google.com
  
  HSBC is to bring in a new pay policy reducing what its executive directors can earn by 7 per cent after bowing to shareholder concerns.
  
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• PayPal to hold all-male panel on gender equality in the workplace

  22-04-2016 22:13
  
  Event organizers said discussion intended for ‘male allies’ at online payment company to participate with women on gender issues in the workplacePayPal will host a panel on gender equality next Wednesday to discuss “gender equality and inclusion in the workplace”. The panel will be all male.“Please join us for a discussion with our senior male leaders … about how men and women can partner to achieve a better workplace,” reads a flyer shared online and f
  
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• Austin Reed files notice for administration with 1,000 jobs at risk

  22-04-2016 21:07
  
  Retailer, famed for its suits, has struggled in recent years and last year closed 31 unprofitable storesClose to 1,000 jobs are at risk at 116-year-old tailoring brand Austin Reed, where administrators could be called in as early as next week.The retailer, founded in 1900 by Austin Leonard Reed and famous for its suits, has filed a notice of intention to appoint administrators. This gives the company, which also owns the Viyella and CC (previously Country Casuals) fashion brands, protection from
  
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• BHS denies speculation it is close to collapse

  22-04-2016 20:41
  
  Struggling department store is still trying to raise £100m of emergency fundingBHS is battling to raise £100m to pay staff wages and continue trading, with 10,000 jobs at risk at the struggling department store chain.The retailer is still trying to obtain emergency funding almost four weeks after creditors approved a survival plan that involved landlords accepting deep cuts to the rent on stores. Continue reading...
  
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• Curry restaurants in crisis as immigration rules keep out chefs

  22-04-2016 20:30
  
  Around 600 curry houses have shut in 18 months, with fears that a third of the industry could closeDavid and Samantha Cameron enjoy a curry. They tucked into chicken korai and saag paneer at Manchester’s Saffron Lounge during the Conservative party conference in October – it wasn’t quite as spicy as the chilli-hot specials they ordered at the Paprika Indian restaurant in Birmingham the previous year.The prime minister even pledged to protect the struggling £4.2bn curry in
  
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• Yours for $1: 58,429 deadweight tonne bulk carrier, one previous owner

  22-04-2016 20:11
  
  Goldenport delists from LSE and agrees to fleet sell-off as it faces debts of over £100m, underlining severe headwinds faced by shipping industry Goldenport, one of the last shipping companies left on the London Stock Exchange, has delisted from the market and sold off six of its remaining eight vessels for $1 (69p) each.The giveaway reflects the most dismal shipping conditions in decades, caused by economic slowdown in China combined with an oversupply of vessels due to a building spree d
  
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• Greek bailout deal talks constructive, say EU finance ministers

  22-04-2016 19:34
  
  Eurogroup meeting ends with a proposal for Greece to agree to contingency measures that could unlock further chunks of bailout moneyGreece has come a step closer to unlocking more international support for its debt-ravaged economy after talks with its eurozone neighbours.A meeting of finance ministers from the single currency bloc ended with a proposal for Athens to agree to money-saving contingency measures. These could be enacted if the reforms already agreed prove to be insufficient for Greec
  
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• More countries sign up to anti-corruption code

  22-04-2016 19:06
  
  George Osborne, who last week promised the project will be a ‘hammer blow’ against criminals who exploit corporate secrecy, welcomed the new recruitsThe Isle of Man and Gibraltar are among a group of 22 jurisdictions that have signed up to a new information-sharing initiative to tackle criminals that use corporate secrecy to hide corruption, money laundering and tax evasion.The countries will join Europe’s five largest economies — Germany, Britain, France, Italy and Spain
  
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• De Beers to leave London headquarters after almost century

  22-04-2016 19:06
  
  Diamond firm to move from Charterhouse Street to Anglo American’s HQ next to St James’s Park as part of debt-cutting driveDe Beers, the world’s largest diamond company, is to leave its UK headquarters after almost a century, as parent company Anglo American trims costs.About 300 staff were told on Friday that they would be leaving 17 Charterhouse Street, from where De Beers once controlled the flow of diamonds around the world. Continue reading...
  
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• Warwick University calls on BP to open up archive on 'renewables'

  22-04-2016 18:22
  
  Pressure increases to honour promise to allow access to what is believed to be decades of research into ‘green’ technologiesThe University of Warwick has joined calls for BP to honour a promise made by its chairman to open up a company archive containing valuable research on renewable energy.The pressure comes a week after the oil company faced a shareholder revolt over executive pay and days before it expected to report a first-quarter loss of $140m (£97m), compared with a $2.
  
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• JMW Turner may be a safe choice for new £20 note – but it's deserved

  22-04-2016 18:04
  
  Yes, the artist is white, male and dead. But the Bank of England has honoured a radical visionary whose creativity is still inspiring
  Joseph Mallord William Turner knew he’d be on a banknote one day. You can see it in his eyes in the visionary, assured self-portrait he painted in about 1799, gazing through the time vortex at his own future fame in justifiable confidence that he will always be acknowledged as the best of British artists.The Bank of England’s choice of this white male
  
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• Interest rates could go negative, Bank of England's Vlieghe says

  22-04-2016 18:04
  
  But the MPC member says the Bank would have to be cautious about undermining the bank funding model if savers start hoarding cashA top Bank of England policymaker has floated the possibility of interest rates being cut below zero, meaning companies would pay to deposit their money with banks.Jan Vlieghe, a member of the BoE’s nine-strong monetary policy committee, did not rule out the idea of following other central banks in taking interest rates negative but said the Bank would “hav
  
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• HSBC chairman says scandals show banks must raise standards

  22-04-2016 17:51
  
  Panama Papers show lessons must be learned and bank systems strengthened to halt abuse, Douglas Flint tells shareholders HSBC needs to do more to protect the financial system from “bad actors”, the bank’s chairman admitted to shareholders on Friday.Addressing investors during often heated exchanges at the bank’s annual general meeting, Douglas Flint referred to the 2,300 companies that Britain’s biggest bank and its affiliates had created through the Panama-based la
  
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• Apple co-founder says company should pay MORE tax

  22-04-2016 17:48 via feedproxy.google.com
  
  TECHNOLOGY giant Apple should pay more tax according to its co-founder after outrage over the firm's accounting tricks that cut liabilities by millions.
  
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• Let’s move to Ripley, Derbyshire: the most English town in Eng-er-land

  22-04-2016 17:29
  
  Don’t come expecting ye olde Morris dancers and chocolate box mead drinkers. This is the kind of quintessential England not found in tourist brochuresWhat’s going for it? This is England. On this, St George’s Day, what better place to visit than Officially The Most English Town in Eng-er-land. A study by University College London a decade ago found that Ripley, smack bang in the middle of the country, had the highest proportion of residents with English ethnic origins – 8
  
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• Diesel crisis deepens as German brands recall 630,000 cars

  22-04-2016 17:17
  
  Porsche, Volkswagen, Audi, Opel and Mercedes diesel cars will be recalled as part of a clampdown on nitrogen oxide emissionsGermany’s top carmakers will recall 630,000 vehicles to fix diesel engine software technology that has been blamed for causing high pollution, while the emissions scandal engulfing Japan’s Mitsubishi Motors deepened.Porsche, Volkswagen, Audi, Opel and Mercedes diesel cars will be recalled as part of a clampdown on nitrogen oxide emissions, according to a German
  
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• JMW Turner to be face of next £20 note

  22-04-2016 17:05
  
  Painter to become first artist to appear on a British banknote after public is asked to nominate deceased cultural figuresJMW Turner, one of Britain’s greatest painters, is to be the face of the new £20 note, following a nationwide vote.It will be the first time an artist has appeared on a British banknote, after the governor of the Bank of England, Mark Carney, asked the public to nominate a deceased cultural figure they felt deserved the high honour. Continue reading...
  
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• 'Painter of light' Turner to feature on new £20 note

  22-04-2016 16:53 via feedproxy.google.com
  
  LEGENDARY British artist JMW Turner is to feature on the new £20 note, which is set to enter circulation by 2020, the Bank of England revealed today.
  
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• House prices on London Marathon route more than triple in 15 years

  22-04-2016 16:12
  
  Properties on every stretch of 26-mile race, from Greenwich to central London, have soared since 2000, data showsThe price of homes along the route of Sunday’s London Marathon has more than tripled on average since 2000, according to research revealing just how fast the capital’s centre of gravity is shifting east.Over the same 15-year period male elite runners shaved just 127 seconds from the course record and female runners 341 seconds – improvements of 1.7% and 4% respective
  
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• Ethical consumers are unattractive and boring, aren’t they? | Oliver Burkeman

  22-04-2016 16:00
  
  It’d be nice to think that making ethical choices inspired others to do the sameI’m on thin ice telling Guardian readers that being an ethical consumer makes you irritating, but you can’t argue with science. In a recent study, US researchers offered people various information before buying jeans, but said they could only know two of the following: price, style, colour, and whether child labour was involved. Those who chose not to learn about child labour were asked to assess th
  
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• Time for debt reduction in Greece

  22-04-2016 15:20
  
  Kicking the can down the road with an ‘extend and pretend’ approach to high debt simply makes matters worse. And it seldom works in the long runOnce again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to meet the cascading debt payments falling due over the next few months. So yet another round of contentious and protracted discussions with its creditors is underway – one that may well produce yet another short-term so
  
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• Waitrose’s ‘Chubby Grocer’ gets £1.9m golden goodbye

  22-04-2016 14:03
  
  Lord Price’s payment on top of the £1.3m he earned as the grocer’s managing director and chairman last yearLord Price, the former boss of supermarket chain Waitrose, has received a golden goodbye worth £1.9m from the employee-owned John Lewis Partnership.The payment is on top of the estimated £1.3m he was paid as the grocer’s managing director and deputy chairman in 2015 and is likely to raise eyebrows among staff, given a recent cost-cutting drive that has se
  
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• Tata Steel: Welsh billionaire could plough own money into UK buyout

  22-04-2016 13:14
  
  Sir Terry Matthews confident of rescue deal for UK firm including Port Talbot steelworks and may even part-fund management buyoutWelsh billionaire Sir Terry Matthews has said he could be willing to put his own money behind a management buyout of Tata Steel’s UK business and the Port Talbot steelworks.Matthews said he is “feeling really good” about the prospects of a rescue deal for the steel business, which could save thousands of jobs in the UK. Continue reading...
  
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• Alton Towers owner pleads guilty over Smiler rollercoaster crash

  22-04-2016 13:06
  
  Merlin Entertainments faces multimillion-pound fine after admitting it breached health and safety laws
  The owner of Alton Towers is facing a multimillion-pound fine after it admitted breaking health and safety laws over the rollercoaster crash that seriously injured five passengers.Two people had their legs amputated after the collision on the Smiler ride in June last year, while three others suffered life-changing injuries. Continue reading...
  
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• Factbox - How would Brexit affect UK financial services? - Reuters UK

  22-04-2016 12:51
  Factbox - How would Brexit affect UK financial services?
  Reuters UK
  LONDONBritain, Europe's biggest financial centre, votes on June 23 on whether to leave the European Union. The country's banking and fund management industries are among those that could lose most from a so-called Brexit, many analysts have said, ...en meer »
  
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• ‘We don’t work for Germany!’ ECB lashes out as ‘interfering’ Merkel loses patience with EU

  22-04-2016 12:25 via feedproxy.google.com
  
  A WAR of words has broken out between Germany and the European Central Bank , as the pair come to blows over how to save Europe's ailing economy.
  
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• The Uber scammers who take users for a (very expensive) ride

  22-04-2016 11:31
  
  A year on from reporting accounts being hacked, Londoners receive shock bills for ‘phantom rides’ in Mexico and New YorkEarlier this month Angie Bird woke up at her home in London to discover she had been billed for a series of minicab journeys she had allegedly made the previous evening … in the Mexican cities of Guadalajara and Aguascalientes, more than 5,500 miles away.While she was having dinner with friends, someone – or more than one person – in Mexico had ap
  
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• UK's Financial Conduct Authority selects Sopra Steria for new regulatory platform - Banking Technology

  22-04-2016 11:09
  Banking Technology
  UK's Financial Conduct Authority selects Sopra Steria for new regulatory platform
  Banking Technology
  Paris-based Sopra Steria has been selected by the UK's Financial Conduct Authority (FCA) to deliver a new digital regulatory market data processing platform in an “exclusive” six-year contract. The new platform will support the FCA's on-going ...en meer »
  
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• Baffled by digital marketing? Find your way out of the maze

  22-04-2016 08:15
  
  The raft of acronyms and ever changing definitions can be confusing. This simple guide will help you separate your SEO from your content marketingDon’t know your SERPs (search engine results pages) from your PPC (pay per click)? Not sure when you should be favouriting on Instagram or pinning on Pinterest? Don’t worry, you’re not the only one.
  Digital marketing is an umbrella term that refers to the promotion of products and brands via electronic media. It’s how a brand us
  
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• A day in the life of a female glass blower

  22-04-2016 08:14
  
  Gemma Truman is one of a handful of female glass blowers. She explains why it’s not all time spent in front of a furnace and how, even as a creative, the admin piles upHow did you get your job?I’m self-employed, but started out working in a glass blowing studio. I got in touch with the studio to ask for a two-week work experience, which turned into a year-long placement. I did this alongside a part-time job in customer service and I eventually got a paid role which varied from two to
  
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• ATOSS Software AG: Successful start to financial year 2016 - Yahoo Finance UK

  22-04-2016 08:13
  
  ATOSS Software AG: Successful start to financial year 2016
  Yahoo Finance UK
  ATOSS Software AG has begun the 2016 financial year on a successful note with continuing growth in both sales and earnings. Overall sales in the first quarter of 2016 were up 9 percent on the year before at EUR 11.7 million. Despite substantial ...en meer »
  
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• Surreal estate: former air force building ready to live in - in pictures

  22-04-2016 08:00
  
  Once a second world war air traffic control centre, now a contemporary four-bedroom home with fabulous Essex views Continue reading...
  
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• 'Kindeo was born out of sadness that my parents' stories were untold'

  22-04-2016 08:00
  
  An app that lets people easily record their memories is proving a hit with the fastest growing group of tech users: the over 70sWhen is the right time to ask a parent or grandparent about their past? I mean really ask – taking an hour or two to discover their stories and unlock those precious memories. Too often the answer is never. In today’s frantic world, it can be impossible to find the time to do so until it’s too late.
  In 2010 I lost both my parents in a short space of ti
  
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• How do I get out of Tefl in China and into a decent UK job?

  22-04-2016 08:00
  
  I’m sick of being an English teacher, but I’m worried that at 25 I’m getting too old for graduate-level jobsTwice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I’ve been living in China for nearly two years worki
  
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• Column: Brexit could tip UK into recession - Financial Express

  22-04-2016 02:48
  
  Column: Brexit could tip UK into recession
  Financial Express
  A vote to quit the European Union could tip the UK into recession. This is no longer an academic possibility. Opinion polls show British people evenly divided on whether they want to remain in the EU or leave; betting odds suggest there is a one in ...en meer »
  
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