Financial news

• The Guardian view on business ethics: decency needed | Editorial

  12-06-2016 19:54
  
  There is a moral crisis in British capitalism that parliament on its own cannot resolveWhile parliament’s chief preoccupation is the letter of the law, it also has a duty to uphold the law’s spirit. That role is especially important in business and finance, where a tension exists between a raucous commerce that wants anything legal to be also acceptable and a broader social conception of economic activity that places certain behaviour beyond the pale, even when it is not explicitly p
  
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• MPs draw up penalties for Philip Green if he fails to attend inquiry

  12-06-2016 18:32
  
  Sanctions could include finding billionaire in contempt of parliament or voting on whether he is “fit and proper” to run firmsMPs are preparing to invoke a list of sanctions against Sir Philip Green should the billionaire retailer fail to appear before this week’s parliamentary select committee examining the collapse of BHS.The move, which could include the Topshop tycoon being found in contempt of parliament or facing a Commons vote on whether he is a “fit and proper&rdq
  
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• Hermes fund manager drafts plan to end City short-term investments

  12-06-2016 17:45 via theguardian.com
  
  Investor group leads plan for pension funds and managers to focus more on ethical investment and long-term performance One of Britain’s biggest investment groups is spearheading an effort to break with the City’s notorious short-termism and push fund managers to focus on the social, environmental and economic consequences of investment decisions.Hermes Investment Management has begun talks with others in the industry to draw up a new contract between investors and the pension funds t
  
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• How to end the UK's gender pay gap

  12-06-2016 12:24
  
  New rules aim to shame employers into ending wage disparity between the sexes but tougher penalties, such as a pay gap tax, are neededMore than three decades after the equal pay act, the gender pay gap still stands at about 19%, with the average British woman earning around 80p for every £1 earned by a man.David Cameron believes he has a few ways to narrow the gulf and has vowed to eliminate it “in a generation”. But for many people that is clearly too long to wait. Continue re
  
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• There’s a serious flaw in the payment-protection policy provided for customers of this division of TripAdvisor

  12-06-2016 08:01 via theguardian.com
  
  There’s a serious flaw in the payment-protection policy provided for customers of this division of TripAdvisorI booked a Spanish holiday apartment through Holiday Lettings specifically because it had a pool. However, when we arrived in April the owner informed us that the pool was closed until the end of May.Continue reading...
  
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• Ridesharing offers a cut-price ticket to Europe, but not many Britons use it

  12-06-2016 07:59 via theguardian.com
  
  We know all about Airbnb for a cheap place to stay, but show little interest in sharing car space – which lowers the price of getting thereWhen he was a student in Toulouse, François Delattre found his regular train trip to Paris frustratingly slow, so he turned to paying drivers to “rent” a seat in their vehicle for the journey via internet forums. Ten years later he regularly takes passengers in his own car when travelling from his home in east London to France, a jour
  
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