Financial news

• A brief guide to everything that’s annoying about Apple

  27-04-2016 20:32
  
  This week, the tech giant reported its first fall in sales for 13 years. Have we finally fallen out of love with its shiny new iPhones? Not quite – but there are some small issues ...
  Is this the beginning of the end for Apple? The tech giant’s inexorable growth has been a given for most of the 21st century but, on Wednesday, Apple reported its first decline in quarterly sales for 13 years: a 13% fall, down to $50bn (£34bn). That’s still enough to reduce the UK’s bu
  
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• Tiny and £1,100 a month: corporate answer to flatsharing in London

  27-04-2016 19:23
  
  Majority of rooms in 550-bed block are 10 sq metres but are claimed to provide hassle-free collective life for people starting careersThe rooms are tiny, the rent is about £1,100 a month, tenants have to share kitchens – and the view is over one of London’s bleakest skylines. But the creators of what they claim is the world’s largest “co-living” scheme, opening next week, believe it is the 21st-century alternative to that traditional rite of passage for twenty
  
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• Quarter of a million savers take advantage of pension freedom

  27-04-2016 16:12
  
  HMRC says amount of money withdrawn from pension pots in the year since the new rules has dropped to £820m from £1.5bnSavers have withdrawn at least £4.35bn from pensions in the year since new flexibilities were launched, official figures show. Data from HMRC shows that 232,000 people have taken advantage of changes to the pension rules, which were introduced in April 2015.Continue reading...
  
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• BHS, Boots … our misbehaving corporations need their wings clipped | Anne Perkins

  27-04-2016 14:30
  
  Philip Green will be alright, but his workers may not. But this is how it currently works in this age of shareholder power that needs to be consigned to historyIn the 15 years that he ran the show, Sir Philip Green stripped the assets out of BHS far more effectively than a teenager might nick a pair of tights from one of his stores. And on the evidence so far, his actions will have fewer consequences.This is the current tally of proposed actions: a Labour MP, John Mann, wants him to be stripped
  
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• Lord Adonis: HS3 could be the rail revolution of the 21st century

  27-04-2016 14:01
  
  During the 1800s, Manchester and Sheffield quadrupled while Bradford grew eightfold. High-speed rail could bring similar results for the northA higher speed, higher frequency, higher capacity railway, supported by a better smarter motorway system is long overdue in the north of England. Transforming transportation between the great cities of the north is undeniably necessary. On capacity alone, existing infrastructure will simply fail if it is not drastically improved.But there is a bigger prize
  
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• Gala Coral pays out £880,000 over gambler who stole to feed habit

  27-04-2016 13:59
  
  Gambling Commission says bookmaker failed to inquire about source of man’s wealth before he was jailed for theftThe bookmaker Gala Coral has agreed with the gambling regulator to pay out nearly £880,000 after taking hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit.The Gambling Commission said Gala Coral had failed in its duty to prevent money laundering and problem gambling, adding that its safeguards again
  
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• Apple Q2 2016 financial results: iPhone sales down, overall revenue down, but ... - Macworld UK

  27-04-2016 13:40
  
  Macworld UK
  Apple Q2 2016 financial results: iPhone sales down, overall revenue down, but ...
  Macworld UK
  Apple has posted its Q2 2016 earnings report. Find out how many iPhones, iPads & Macs Apple sold this quarter, and what the numbers mean for Apple, and for you. by Ashleigh Allsopp | 27 Apr 16. Share · Tweet. Send. . X ...en meer »
  
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• Apple Q2 2016 earnings report: iPhone sales down, overall revenue down, but ... - Macworld UK

  27-04-2016 13:40
  
  Macworld UK
  Apple Q2 2016 earnings report: iPhone sales down, overall revenue down, but ...
  Macworld UK
  Apple has posted its Q2 2016 earnings report. Find out how many iPhones, iPads & Macs Apple sold this quarter, and what the numbers mean for Apple, and for you. by Ashleigh Allsopp | 32 mins ago. Share · Tweet. Send.en meer »
  
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• Zero-hours contracts and dirty air: life as a ‘white van man’ | Peter Fleming

  27-04-2016 13:08
  
  With more than 4m commercial vans now on Britain’s roads, the cliche of the self-reliant van driver needs updating to match the grimy realityWe’ve all encountered the classic white van man. He helps us move flat, fits our new kitchen, yells at us when we drive too slowly or force him to brake by running across the road. We don’t mind his rough edges, because he’s so much cheaper than his smoother rivals.Well, this is the stereotypical and rather snobbish image of the whit
  
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• US interest rates: Merle Hazard tries to cheer up Fed watchers

  27-04-2016 13:00
  
  Latest bluegrass number from Nashville-based money manager Jon Shayne ponders such questions as ‘how long will borrowing be free?’Will the US Federal Reserve raise interest rates this week? Not a chance, say economists.The bigger question is when - perhaps if - the central bank will ever get borrowing costs back to more normal levels.Continue reading...
  
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• UK MPs query regulator over £74m financial adviser levy - International Adviser

  27-04-2016 11:40
  International Adviser
  UK MPs query regulator over £74m financial adviser levy
  International Adviser
  The chairman of the UK's Treasury select committee, Andrew Tyrie, has asked the Financial Conduct Authority (FCA) to explain how it will ensure levy payers are getting value for money. Print · UK MPs query regulator over £74m financial adviser levy ...en meer »
  
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• Outrageously expensive homes – in pictures

  27-04-2016 08:00
  
  From a grand country estate with lakes and private golf course to a villa carved out of a cliff in Italy, stunning homes with a price tag to matchContinue reading...
  
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• A put-down for BT, as it charges us £83 for a one-minute phone call

  27-04-2016 08:00
  
  It says I didn’t hang up the receiver correctly, but why isn’t there a warning?I rang a local business on an 0871 number and was on the phone for less than a minute. BT sent a bill for £83.48, claiming the call lasted almost six hours. It suggested the receiver was not replaced properly.I don’t believe it is reasonable that we should have to pay when we use a BT Paragon phone on a BT landline and there is no audible or visible advice that the line is still open.Continue r
  
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• TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis

  27-04-2016 06:45 via feedproxy.google.com
  
  DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis.
  
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• What one milk carton says about sustainability messaging around the world

  27-04-2016 06:00
  
  To be truly sustainable, companies must reconcile the different marketing messages they use around the worldYou might not realise it when you walk along the aisles of your local supermarket, but you are surrounded by marketing messages. These differ in every country. Buying milk in the UK? You’ll probably see messages about climate change and the environment. Go to China and the packaging is more likely to emphasise its origins and address consumer concern about food safety. These simple b
  
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