Financial news

• Avoidance tactics damage not just VW, but German economy

  22-06-2016 20:34
  
  Shareholders have sniffed another wheeze to avoid proper boardroom reform with plan to make more electric carsIt’s the “biggest change process in Volkswagen’s history”, says VW’s chief executive, Matthias Müller. The company wants to make more electric and self-driving cars and take a slug out of its cost base. This may be big news in Wolfsburg but, as far as VW’s sensible shareholders are concerned, the plan is an elaborate attempt to avoid proper reform
  
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• Ticketmaster wants to know how far you're willing to go to see a covers band

  22-06-2016 20:19
  
  The company has handed out ticket vouchers as part of a lawsuit settlement – but the list of shows buyers can use them on isn’t exactly a who’s who of pop cultureTicketmaster quietly unveiled a treat for tribute band fans on Tuesday, dispensing millions of dollars of free ticket vouchers to customers as part of a class action lawsuit settlement. Excitement over the settlement quickly dissolved as people learned that the true value of the payout is dependent on a person’s
  
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• Brexit: EU economic chaos - why the worst could be yet to come

  22-06-2016 20:15 via feedproxy.google.com
  
  PROJECT Fear has scared the public over the economic dangers of Brexit. But what could happen to the eurozone?
  
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• Holidaymakers dash to change pounds amid uncertainty over EU referendum result

  22-06-2016 17:29 via feedproxy.google.com
  
  WORRIED Britons are rushing to change pounds for euros and US dollars ahead of tomorrow's European membership referendum.
  
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• PROJECT FEAR BLOW: Rental market will 'carry on as normal after Brexit'

  22-06-2016 17:12 via feedproxy.google.com
  
  BRITAIN's rental market would carry on functioning healthily if the UK votes to Leave the EU, according to letting agents.
  
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• Europe's regulations are 'attacking banks and American rivals will prosper'

  22-06-2016 17:02 via feedproxy.google.com
  
  BANKS are pleading with European politicians to change regulation they say will put them at at a disadvantage against American competitors.
  
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• Why IMF global financial stability report should be taken with pinch of salt

  22-06-2016 16:59
  
  Decade on from its less than prescient April 2006 report, Fund’s view remains unbalanced – this time with too many false alarms
  When I asked Google to find the text of the International Monetary Fund’s Global Financial Stability Report for April 2006, it helpfully questioned whether I was looking for the April 2016 version instead. I am sure the IMF would never seek to manipulate a search engine, but I can imagine the Fund’s public affairs officials are happy if as few pe
  
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• Union urges M&S to open talks about pay and pension changes

  22-06-2016 16:18
  
  Thousands of shopworkers concerned about proposed cuts to Sunday and bank holiday pay, says UsdawThe shopworkers’ union has urged Marks & Spencer to open talks as long-serving staff have been told new contract terms will be imposed if they do not voluntarily sign up to pay and pension changes that could leave them thousands of pounds out of pocket.M&S has told staff that a one-off compensation payment would ensure they were not financially affected for the first two years of change
  
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• Surge in travellers buying holiday money before EU vote

  22-06-2016 15:44
  
  Post Office and FairFX report jump in transactions to lock into foreign exchange rates before referendum result
  Holidaymakers nervous about what may happen to the pound after Thursday’s EU referendum are rushing to stock up on foreign currency, with the Post Office reporting a 380% surge in online orders. Continue reading...
  
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• George Soros wrong on Brexit and UK economy, says City economist

  22-06-2016 15:30
  
  Société Générale’s Albert Edwards points to recovery after ERM exit as he dismisses pessimism over a devaluation of sterling One of the City’s leading economists has countered George Soros’s prediction that a Brexit vote will lead to a damaging 20% fall in the value of the pound by saying that a depreciation would be good for the economy.Albert Edwards, global strategist at Société Générale, said in a research note to the
  
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• First Homebase store to be turned into a Bunnings in October

  22-06-2016 14:17
  
  Company hires Kingfisher veteran Archie Norman to advise Australian DIY chain on new businessBunnings will arrive in the UK in October when the Australian DIY chain will convert the first of the Homebase stores it bought for £340m this year.The company has hired British retail veteran Archie Norman and fellow former Kingfisher executive Matt Tyson to sit on an advisory board for the venture. Continue reading...
  
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• 'Do whatever it takes to SAVE the euro' Germany approves European Central Bank bond-buying

  22-06-2016 14:13 via feedproxy.google.com
  
  POLITICIANS and academics have been overruled by Germany’s top court to allow drastic measures to save the euro.
  
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• Markets ‘could collapse’ in trading frenzy after EU referendum – WHATEVER the result

  22-06-2016 13:17 via feedproxy.google.com
  
  WORLDWIDE markets could go into freefall on Friday, as the result of the European Union referendum triggers a frenzy of trading activity.
  
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• Who gets housing benefit and what does it cost?

  22-06-2016 11:49
  
  The government spent £24bn on housing benefit in 2014. More than half of claimants under 35 are single mothers and many live in deprived coastal townsHousing benefit pays for all or part of the rent of people on low incomes in England and Wales. The benefit is means tested, taking into account earnings, how many people you care for, your rent and whether anyone in the household is sick, disabled, or a full-time carer. Private renters can apply for housing benefit using the local housing al
  
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• Leading doctors urge two-week absence before workers need to see GP

  22-06-2016 09:32
  
  Requiring a sick note after one week takes time away from patients who may need appointments more, doctors sayStaff who fall ill should be able to stay off work for up to two weeks before they need a sick note in order to relieve the strain on overstretched GPs, leading doctors believe.Leaders of the British Medical Association want the time an employee is off work because they have certified themselves as sick to be doubled from one to two weeks before they need to see a GP. But the doctors&rsq
  
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• My biggest mistake? Drinking too much - JD Wetherspoon founder

  22-06-2016 08:30
  
  Tim Martin on his EU pub crawl, his dreams of conquering China and the therapeutic power of walking 11km a dayYou’ve visited 100 pubs this month and had 200,000 beer mats printed to convince customers to vote to leave the EU on 23 June. What are the benefits of Brexit for small businesses?Business success and democracy are very closely linked. Small businesses have to look at the big picture – the EU is becoming less democratic and that has had bad consequences for a number of states
  
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• Nationwide’s delays could cost us the home we want to buy

  22-06-2016 08:00
  
  It’s been three months since we applied for a mortgage – it took the building society five weeks just to read the valuation reportThree months after applying for a mortgage, we are still waiting for Nationwide to confirm the offer and are now in danger of losing the home we want. Our solicitors have been ready to exchange contracts for weeks and our vendors have been very patient. To top it all off, we found out three months after the application that Nationwide required us to submit
  
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• Homes for great barbecues – in pictures

  22-06-2016 08:00
  
  Enjoy al fresco dining from Cowes to Dallas, via Mallorca and Essex, with these great properties Continue reading...
  
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• EU referendum 2016: How would Brexit affect the pound?

  22-06-2016 08:00 via feedproxy.google.com
  
  BREXIT campaigners argue that an EU exit would set Britain free to manage its own finances and affairs. But what impact would Brexit have on the pound?
  
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• Will Uber and Grab help or hinder Malaysia's congestion crisis?

  22-06-2016 05:00
  
  The spread of car-sharing may encourage more people to ditch their vehicles in cities like Kuala Lumpur where public transport has failedIt’s 6pm on a Friday and even a police car, lights blaring, is stuck helplessly in the gridlocked traffic of central Kuala Lumpur. Motorcycles fill the junctions ahead of cars, including lines of Myvis, the best-selling product of one of the country’s two national car manufacturers. There’s not a bicycle in sight.The car has become a status sy
  
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• Hong Kong named world's most expensive city for expats

  22-06-2016 01:01
  
  London falls from 12th to 17th place in annual survey amid declining value of pound and EU referendum uncertaintyHong Kong has been named the world’s most expensive city for expats as concerns over a possible UK exit from the EU contribute to London dropping from 12th to 17th, according to an annual survey.As a result, the British capital is now cheaper than New York, Beijing, Tokyo and Zurich. It is also more affordable than Luanda, the capital of Angola, and Chad’s capital, N&rsquo
  
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