Financial news

• Mark Carney should keep cool on Brexit. He's done nothing wrong

  24-05-2016 21:12
  
  Bank of England governor was needlessly irritated by Jacob Rees-Mogg’s select committee prodding Mark Carney doesn’t help himself by sounding so irritated when asked an awkward question. If you’re governor of the Bank of England, it’s best to remain good-humoured even when Jacob Rees-Mogg is prodding you in the ribs.But let’s stick to what Carney and the Bank have actually said about Brexit. On the facts, they’ve done nothing wrong. It would be odd if Threadne
  
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• The Guardian view on housing in London: bricks and mortals | Editorial

  24-05-2016 20:37
  
  Records of who owns what in one plush tower by the Thames reveals how the capital has been building for ghosts, rather than its own citizensThe London skyscraper that is a stark symbol of the housing crisisThere is no longer room for argument about the fact that Britain’s capital is, like much of the country, gripped by an appalling housing crisis. The statistics about average property prices being the wrong side of 10 times the average London wage make the same point in the language of ec
  
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• Clydesdale Bank hit by £450m of new PPI charges

  24-05-2016 19:48
  
  National Australia Bank, from which Clydesdale was spun out, to cover more than £400m of costsThe cost of payment protection insurance (PPI) payouts continues to hang over Clydesdale Bank after it announced a £450m charge for the mis-selling scandal in its first results as a stock market-listed company.Officially known as CYBG since being spun out of National Australia Bank (NAB) earlier this year, the bank is trying to cut costs to bolster its profitability as an independent entity.
  
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• British property market has peaked, estate agency boss says

  24-05-2016 19:34
  
  Sellers will have to cut prices to find buyers, says Paul Smith, whose company operates Haart, Felicity J Lord and othersThe boss of one of Britain’s biggest estate agent chains appears to have called the top of the property market, saying there has been a big slump in demand from buyers after the nation has “reached the limit” on house prices. Paul Smith, whose company operates Haart, Felicity J Lord, Spicer McColl and Darlows chains across the UK, said there was “troubl
  
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• UK Financial Regulatory Developments - May 2016 #12 - JD Supra (press release)

  24-05-2016 19:04
  
  UK Financial Regulatory Developments - May 2016 #12
  JD Supra (press release)
  FCA has published a draft application form relating to the exemption from the requirement to exchange margin for intragroup transactions under the European Market Infrastructure Regulation (EMIR) provided certain criteria have been met. Firms will be ...
  
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• Europeans: what do you like about living and working in the UK?

  24-05-2016 17:38
  
  If you’re a European in the UK we’d like to hear what you do for a living and why you enjoy living in the UK
  Ahead of the EU referendum economists have been scrutinising how jobs will be affected if the UK was to leave Europe, and what Brexit might mean for employment rights. Related: Work after Brexit: the biggest winners and losers for UK jobsContinue reading...
  
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• The London skyscraper that is a stark symbol of the housing crisis

  24-05-2016 16:16
  
  Exclusive: Tower underoccupied, astonishingly expensive, mostly foreign owned, and with dozens of apartments held through secretive offshore firmsA Russian billionaire whose business partner is a close ally of Vladimir Putin, the former chairman of a defunct Nigerian bank and a Kyrgyz vodka tycoon appear to be among more than 130 foreign buyers in Britain’s tallest residential skyscraper.Almost two-thirds of homes in the Tower, a 50-storey apartment complex in London, are in foreign owners
  
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• BREXIT: financial firms would face 'costly upheaval' should UK vote to leave EU ... - Out-Law.com

  24-05-2016 16:09
  BREXIT: financial firms would face 'costly upheaval' should UK vote to leave EU ...
  Out-Law.com
  This is part of Out-Law's series of news and insights from Pinsent Masons' lawyers and other experts on the impact of the UK's EU referendum. Sign up to receive our Brexit updates by email. The document, which sets out two potential scenarios dealing ...en meer »
  
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• Financial education should be taught in primary schools, say UK MPs - London School of Business and Finance (blog)

  24-05-2016 15:46
  
  London School of Business and Finance (blog)
  Financial education should be taught in primary schools, say UK MPs
  London School of Business and Finance (blog)
  A report released this week called for the subject to become compulsory in primary schools to enable children to learn day-to-day financial skills. Benefit. The report stated that children in primary schools get left behind early in life as a result of ...
  
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• If you want flexible working you have to be upfront and unashamed about it

  24-05-2016 14:05
  
  With two children there was no way I wanted to work full-time, so I began each job interview by pointing that out. Sometimes you have to ask for what you wantAt the age of 23 I applied for full-time positions as a senior accountant with no intention of working five days a week. I had two pre-school children at the time and wanted to work three days a week maximum. At the interview stage I raised the issue unashamedly; I wanted to be upfront about what would work for me and why I thought I would
  
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• European shares rise as financial stocks gain ground - Yahoo Finance UK

  24-05-2016 10:34
  
  Hindu Business Line
  European shares rise as financial stocks gain ground
  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). * FTSEurofirst ...
  European shares climb to 4-week highs as financial stocks raLondon South East (registration) (blog)alle 6 nieuwsartikelen »
  
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• UK grants asylum to Maldives' ex-president Mohamed Nasheed - Financial Express

  24-05-2016 08:45
  
  Financial Express
  UK grants asylum to Maldives' ex-president Mohamed Nasheed
  Financial Express
  A prominent human rights campaigner and Maldives' first democratically elected president, 49-year-old Nasheed had been allowed to go to Britain in January for the for spinal cord surgery following a deal brokered by Sri Lanka, India and the UK.en meer »
  
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• 'Small firms have enough to contend with without HMRC adding to the hassle'

  24-05-2016 08:35
  
  Controversial proposals that require small businesses to submit quarterly tax updates will permanently damage their relationship with the governmentDoes the government really understand how business works? This is a question being asked by hundreds of thousands of small firms as we near one of the most significant regulatory changes that could add time, effort and cost to doing business. Requiring small firms to account for their corporation tax on a quarterly basis, rather than with an annual t
  
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• Fraudster posing as TalkTalk took £1,800 from my account

  24-05-2016 08:00
  
  The email looked genuine, with all the right colours and typefaceI have lost £1,800 in a credit card scam by a fraudster posing as TalkTalk. An email arrived, purportedly from TalkTalk, to say it had been unable to take the outstanding monthly payment from my bank account (from a standing order that has existed for years) and that I needed to rectify this or I would be disconnected in two days.I was required to supply my personal details and card and bank account numbers again. Continue re
  
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• Only a fraction of UK job ads offer flexibility, study finds

  24-05-2016 01:01
  
  Little progress made despite warnings to employers facing skills shortages that they are failing to tap into large pool of talent Less than 9% of vacancies for decently paid jobs in the UK offer flexible working, according to research that claims the lack of such options is keeping millions of people in dead-end jobs or shut out from the labour market.Analysis of more than 5m job adverts found little progress in the past year on offering more flexible options to jobseekers, despite warnings to e
  
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