Financial news

• Top French offices stop work in support of gender pay gap protest

  07-11-2016 20:31 via theguardian.com
  
  Institutions including Paris City Hall stop work amid spontaneous demonstations to highlight wage disparity between men and womenStaff at some of Paris’s most high-profile political and cultural offices stopped work at 16.34 on Monday in solidarity with a protest against women being paid less than men. Women’s rights campaigners at the feminist newsletter Les Glorieuses had urged female workers to down tools from that time. They suggested doing so until the end of the year – in
  
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• Tesco Bank attack's knock-on effects could be severe

  07-11-2016 20:30 via theguardian.com
  
  As well as a possible fine for a security breach, the retail giant could face intervention from a range of regulatorsTesco Bank’s chief executive Benny Higgins isn’t paid £2.2m a year (plus fabulous taxi expenses) on a whim. He commands a banker’s princely pay packet because the supermarket chain intends to be big in banking.Expanding in financial services is a sensible strategy if, like Tesco, you think you have three factors in your favour. First, your brand enjoys grea
  
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• Treasury tries to thwart EU plans for tax haven blacklist

  07-11-2016 20:07 via theguardian.com
  
  UK territories such as Jersey, Guernsey and Cayman Islands should not be singled out because of zero-rate tax, argues David GaukeThe UK government is fighting a rearguard action to prevent Guernsey, Jersey and British overseas territories from going on an EU blacklist of tax havens.At a meeting of EU finance ministers on Tuesday in Brussels, David Gauke, chief secretary to the Treasury, will tell his counterparts that the UK opposes attempts to put territories with a zero rate of corporation tax
  
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• Tourist spending sends retail profits to a 9-month high

  07-11-2016 19:43 via feedproxy.google.com
  
  RETAIL sales grew the fastest since January last month as shoppers dug deep to boost Britain’s growth prospects.
  
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• L&G launches fund to invest in new FTSE climate index

  07-11-2016 19:37 via theguardian.com
  
  The UK’s largest asset manager will encourage companies to tackle climate change and sell shares in those that do notThe UK’s largest asset manager is to use its muscle as an investor to promote a green agenda by urging companies to tackle climate change and selling shares in those that do not.In a move that echoes a growing belief among investors that climate change poses financial as well as environmental risks, Legal & General Investment Management launched the Future World Fu
  
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• City News: Ryanair, Sainsbury’s, HSBC, JCB

  07-11-2016 19:33 via feedproxy.google.com
  
  RYANAIR hiked its passenger growth forecast by 10 per cent to over 200 million a year by 2024 as it looks to win market share from rivals squeezed by price competition.
  
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• Sports Direct accused of recording MPs during surprise warehouse visit

  07-11-2016 19:16 via theguardian.com
  
  Business select committee members toured site after company was accused in July of running business like Victorian workhouse Sports Direct’s efforts to rehabilitate its reputation after a year-long scandal over working practices took a farcical turn on Monday when the retailer was accused of secretly recording a group of MPs visiting its controversial warehouse.Six MPs from the business select committee, which in the summer published a scathing report into company, also claimed the company
  
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• Wall Street surges and FTSE 100 posts biggest rise since September ahead of US election – business live

  07-11-2016 19:06 via theguardian.com
  
  Shares jump on Wall Street after the FBI says Hillary Clinton still has ‘no case to answer’ over emailsDow Jones index currently up 336 points or 1.9%Latest: FTSE 100 posts biggest jump since 2nd SeptemberEarlier Summary:Markets are jumping today <- get caught up hereExperts: Risk is back on!
  US dollar and Mexican peso both doing well today
  Full Story: Clinton has no case to answer, says FBI6.06pm GMTEvery share on the Dow Jones index has risen so far today, as investors pour mone
  
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• UK austerity policies 'amount to violations of disabled people's rights'

  07-11-2016 18:49 via theguardian.com
  
  UN says measures aimed at reducing public spending since 2010 have affected disabled people disproportionately Austerity policies introduced into welfare and social care by the UK government amount to “systematic violations” of the rights of people with disabilities, a UN inquiry has concluded.It says a range of measures aimed at reducing public spending since 2010, including controversial changes such as the bedroom tax, and cuts to disability benefits and social care budgets have d
  
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• World stock markets surge amid confidence Clinton will win US election

  07-11-2016 18:44 via theguardian.com
  
  The three main US indices were almost 2% higher by noon, following strong gains in markets across the world ahead of the presidential electionWorld stock markets surged on Monday as investors grew increasingly confident that Hillary Clinton will win the US presidential election, after the FBI said it would take no further action against the Democratic nominee over her use of a private email server.
  The three main US indices were almost 2% higher by noon (5pm GMT), following strong gains in marke
  
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• EU considers tightening financial markets to outsiders in threat to Brexit future

  07-11-2016 17:56 via feedproxy.google.com
  
  THE European Commission is considering putting up more trade barriers for finance firms from outside the EU in a threatening signal ahead of Brexit talks.
  
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• Stock markets rally and US dollar jumps after Clinton cleared – business live

  07-11-2016 17:21 via theguardian.com
  
  Shares have surged in Asia and Europe after the FBI says Hillary Clinton still has ‘no case to answer’ over emailsSummary: Markets are jumping today <- get caught up hereMining stocks drove Britain’s FTSE 100 up this morningExperts: Risk is back on!
  Introduction: Markets rally after Democratic candidate gets late boost
  US dollar and Mexican peso both doing well todayFull Story: Clinton has no case to answer, says FBI4.21pm GMTWhoever wins the US election, the initial market
  
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• UK no more preferred destination for Indian students: Nirmala Sitharaman - Financial Express

  07-11-2016 17:09
  
  Financial Express
  UK no more preferred destination for Indian students: Nirmala Sitharaman
  Financial Express
  Raising serious concern over visa issues with the UK, India today said Britain has ceased to be a preferred destination for students wanting to pursue higher studies in British universities. By: PTI | New Delhi | Published: November 7, 2016 10:09 PM ...en meer »
  
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• Channel 5 reports first back-to-back year of profit

  07-11-2016 16:42 via theguardian.com
  
  Broadcaster’s pre-tax profit soars by almost 50% to £58.9m thanks to shows including Celebrity Big Brother and The X-FilesChannel 5 has reported a rise in pre-tax profits of almost 50% as shows including Celebrity Big Brother and The X-Files helped it improve ratings against ITV and Channel 4.It is the first time that Channel 5 has reported back-to-back years of profitability in its 20-year history. Pre-tax profit soared to £58.9m, compared with £39.5m in the year to Sept
  
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• Ryanair boss says fares will fall up to 15% this winter

  07-11-2016 16:23 via theguardian.com
  
  Michael O’Leary says more competition is driving cheaper fares but bemoans UK government’s lack of Brexit strategyRyanair’s chief executive has said fares in Europe will fall heavily this winter as he criticised Theresa May for having no strategy for Brexit.Reporting results for the first half of the year, Michael O’Leary said there would be “extraordinary fare declines” over the year. Continue reading...
  
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• TRENDING ON BS - Business Standard

  07-11-2016 15:59
  
  indiablooms
  TRENDING ON BS
  Business Standard
  The Co-Chairs of the India-UK Financial Partnership (IUKFP), Mr Uday Kotak and Sir Gerry Grimstone calls on the Union Finance Minister Shri Arun Jaitley; Appraises the Finance Minister on progress of the partnership and presented the two most recent ...
  Kotak, Grimston apprise FM of India-UK financial partnershipMoneycontrol.comalle 3 nieuwsartikelen »
  
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• The Co Chairs of the India UK Financial Partnership IUKFP Mr ... - Business Standard

  07-11-2016 15:55
  
  indiablooms
  The Co Chairs of the India UK Financial Partnership IUKFP Mr ...
  Business Standard
  The Co-Chairs of the India-UK Financial Partnership (IUKFP), Mr Uday Kotak and Sir Gerry Grimstone calls on the Union Finance Minister Shri Arun Jaitley; ...
  Kotak, Grimston apprise FM of India-UK financial partnershipMoneycontrol.comalle 3 nieuwsartikelen »
  
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• UK online sellers warned over price fixing

  07-11-2016 14:58 via theguardian.com
  
  Competition and Markets Authority says it has found evidence of collusion by sellers on sites such as AmazonThe competition regulator has warned online traders against price fixing after finding evidence of collusion by sellers using internet marketplaces such as Amazon.The Competition and Markets Authority said it had written to several online companies that may be giving customers a bad deal by discussing prices with competitors or agreeing not to undercut them. Continue reading...
  
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• Six MPs make surprise visit to Sports Direct's Shirebrook warehouse

  07-11-2016 14:54 via theguardian.com
  
  Business select committee members tour site after company was accused in July of running business like Victorian workhouseSix MPs behind the scathing report into working practices at Sports Direct have turned up at the retailer’s Shirebrook warehouse for a surprise inspection.Iain Wright, chairman of the business select committee, is understood to have begun a tour of the facilities along with five colleagues at about midday on Monday, after giving the company one hour’s notice befor
  
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• HSBC calls for Theresa May to clarify status of EU nationals

  07-11-2016 13:01 via theguardian.com
  
  Bank wants government to end uncertainty for 2,000 staff members as it reveals profits have halved in first nine months of year to $10.6bnHSBC has called on Theresa May’s government to clarify the position of EU nationals working in the UK because of the uncertainty caused by the Brexit vote.As Britain’s biggest bank reported profits down by almost 50% in the first nine months of the year, its chief executive, Stuart Gulliver, said the prime minister should be given “space&rdqu
  
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• Analysts fear 'volatile' economy – and perhaps recession – under Trump

  07-11-2016 13:00 via theguardian.com
  
  The US position in the global financial world, and the fact that many investors have bet on Clinton, means a Trump election could bring a cataclysmic shockWhat you need to know before voting Clinton or TrumpPresident Donald J Trump. Imagine, if you can, beginning the trading day on Wednesday with those words ringing in your ears. It’s a scenario that has a lot of investors worried. “I think we’d have to brace for tremendous volatility and an initial drop in the market,” s
  
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• Tesco Bank fraud: key questions answered

  07-11-2016 12:41 via theguardian.com
  
  Suspicious transactions spotted on around 40,000 accounts have seen online payments frozen. So what next?Current account customers at Tesco Bank have had online payments frozen after tens of thousands of accounts were attacked by fraudsters. Continue reading...
  
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• ¿Por qué la machista Latinoamérica ha elegido más líderes femeninos que Estados Unidos?

  07-11-2016 12:26 via theguardian.com
  
  Aún sufriendo violencia y machismo, las latinoamericanas superan en representación política a las demás regiones, con excepción de Escandinavia Read this article in English
  En años recientes, Latinoamérica ha tenido más mujeres presidentes que cualquier otra parte del mundo. Pero durante sus triunfantes campañas electorales, ninguna de ellas tuvo que enfrentarse a una propaganda tan despectiva y sesgada, ni someterse a tanto escruti
  
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• ¿Por qué ha 'macho' Latinoamérica elegido más líderes femeninos que los Estados Unidos?

  07-11-2016 12:26 via theguardian.com
  
  Aún sufriendo violencia y machismo, las latinoamericanas superan en representación política a las demás regiones, con excepción de Escandinavia Read this article in English
  En años recientes, Latinoamérica ha tenido más mujeres presidentes que cualquier otra parte del mundo. Pero durante sus triunfantes campañas electorales, ninguna de ellas tuvo que enfrentarse a una propaganda tan despectiva y sesgada, ni someterse a tanto escruti
  
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• UK house price surge defies expectations, says Halifax

  07-11-2016 12:07 via theguardian.com
  
  Surprise rise of 1.4% in October thought to be fuelled by low mortgage rates and shortage of homes for saleUK house prices surged unexpectedly in October, countering signs of a broad slowdown in the housing market over the last six months, a survey from mortgage lender Halifax claimed on Monday. House prices shot up 1.4% in October compared with an upwardly revised 0.3% increase in September. Economists polled by Reuters had expected only a 0.2% rise. Continue reading...
  
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• Redcentric slumps 66% after IT group discovers accounting irregularities

  07-11-2016 12:00 via theguardian.com
  
  Finance director given notice and put on gardening leave, says companyIT group Redcentric has seen its shares plunge 66% after it discovered accounting irregularities and gave notice to its finance director.The company said the “misstated accounting balances” related to previous year’s figures and would mean a write-down in some historic profits. Continue reading...
  
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• Tesco Bank fraud: What to do, who to email or call if your account has been blocked

  07-11-2016 11:26 via feedproxy.google.com
  
  TESCO Bank has blocked online transactions after fraudster removed money rom 20,000 accounts. Here is how you can find out if you have been affected and what to do if money is missing from your account.
  
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• FTSE 100 heads for biggest daily rise in seven weeks

  07-11-2016 10:44 via theguardian.com
  
  Mining and banking shares lead the way as Clinton cleared by FBILeading shares are on track for their biggest daily rise since the end of September, as investors welcomed news that Hillary Clinton was cleared by the latest FBI probe, raising her chances of victory against Donald Trump.Mining and banking shares are heading the risers as investors piled back into riskier assets, with BHP Billiton 47p better at £12.13 and Antofagasta adding 21.5p to 553p. Continue reading...
  
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• Tesco Bank freezes transactions after cash taken from 20,000 accounts

  07-11-2016 09:52 via theguardian.com
  
  Bank chief says move is attempt to protect customers and pledges to refund 20,000 current account holders who lost moneyTesco Bank has frozen online transactions after customers were affected by fraudulent activity and pledged to refund those who had money taken from their accounts over the weekend.Benny Higgins, chief executive of the supermarket chain’s banking arm, said the decision to stop online transactions was an attempt to protect customers. He said 40,000 accounts had been affecte
  
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• Tesco Bank suspends ALL online bank transactions as 20,000 customers lose money

  07-11-2016 09:27 via feedproxy.google.com
  
  TESCO Bank has suspended online banking transactions after more than 20,000 customers registered losing money.
  
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• Waiting months for Cheap Disability Aids to deliver our goods

  07-11-2016 08:01 via theguardian.com
  
  My charity paid for them in May and now no one at the company will take our callsI help run a small charity in Derbyshire for children with special needs – the Tiny Tim Trust. We try to fill the gaps between health, education and social care.In March we ordered an £80 roller wheel and a £300 climbing frame from a company called Cheap Disability Aids. It was for a four-year-old with significant disabilities. Continue reading...
  
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• How do I find a job where I won't be discriminated against?

  07-11-2016 08:00
  
  I have a disability and am trapped in a cycle of losing jobs and winning payouts. But I’m tired of fighting Twice 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. I became disabled nearly five years ago, losing the use of my hands gradually over 12 months, with my general mobility becoming
  
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• From leggings to baubles, enterprises offer artists a new canvas

  07-11-2016 08:00 via theguardian.com
  
  Businesses are finding opportunities to work with top galleries – and nurturing novel forms of creative collaboration
  The work of famous artists is recreated in many forms: postcards, placemats, scarves, tea towels – and now, in a more contemporary twist, stretch leggings. If you’re a fan of Van Gogh’s Sunflowers or A Wheatfield, with Cypresses, or even Bosschaert the Elder’s A Still Life of Flowers in a Wan-Li Vase, you can now stride out, colourfully adorned in on
  
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• Price of 20 Unilever products up by average of 5.7% since Brexit vote

  07-11-2016 07:01 via theguardian.com
  
  Increases of up to 63% on products across big four supermarkets, says research by the Guardian and MySupermarket.comThe price of a basket of 20 Unilever products, including Hellman’s mayonnaise, Carte D’Or ice cream and Comfort fabric conditioner has risen by an average of 5.7% across the UK’s major supermarkets since the Brexit vote, as the pound’s post-referendum struggles feed through to shop shelves.Analysis by the Guardian and price comparison site MySupermarket.com
  
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• UK manufacturers scaling back investment plans over uncertain future

  07-11-2016 01:01 via feedproxy.google.com
  
  MANUFACTURERS are set to cut back on investment plans in the next two years because of increased uncertainty regarding the demand outlook, a new study shows.
  
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• UK manufacturers putting off investment plans, poll shows

  07-11-2016 01:01 via theguardian.com
  
  Survey reveals sharp rise in proportion of factory bosses saying political uncertainty is deterring them from raising spendingBritish manufacturers have fanned fears that the economy is heading for a slowdown in 2017 after a survey showed a rise in factory bosses putting off plans to increase investment.Since the EU referendum there has been a sharp rise in the proportion of executives saying political uncertainty is putting them off raising spending, according to a poll by the manufacturers&rsq
  
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• The Share Hunter: recovery in pipeline for Royal Dutch Shell

  07-11-2016 01:01 via feedproxy.google.com
  
  WINDS are starting to blow in oil and gas companies’ favour for the first time in a while.
  
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• Smart energy technology 'stymied by current policy'

  07-11-2016 01:01 via theguardian.com
  
  Policy Exchange says policies boost growth in dirty diesel, arguing a smarter power grid could cut costs and curb emissionsSmart technology that could shave £90 off household energy bills and curb carbon emissions is being stymied by government policy, a leading thinktank has said.In a wide-ranging report, Policy Exchange also claimed that current energy policy offered too many incentives to build polluting diesel generator farms at the expense of cleaner technology. The thinktank pointed
  
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• Business leaders urge government to tackle UK housing crisis

  07-11-2016 01:01 via theguardian.com
  
  Incentives for older people to move from large houses, expansion of rental sector and more building are needed, says CBIBusiness leaders have urged the government to tackle the housing shortage by expanding the rental sector and creating incentives for older homeowners to vacate large properties.The CBI set out 10 recommendations to get more people into suitable housing ahead of the publication of a white paper by the Department for Communities and Local Government on tackling the housing crisis
  
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