Financial news

• Automation will embed gender inequality at work – unless we fix it now

  08-11-2016 23:38 via theguardian.com
  
  Women will again lose out with the rise of robots unless we all do more to value feminised labour, remove barriers to women participating fully and advance our thinking as much as our techPredictions about the future tend to run to the extremes. Some people think that artificial intelligence will liberate us from work, leaving us to a life of leisure, self-driving cars, and Wi-Fi-enabled kettles. Others think robots will steal our jobs, ushering in dystopian levels of unemployment. Like all thin
  
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• Tesco Bank cyber-thieves stole £2.5m from 9,000 people

  08-11-2016 23:10 via theguardian.com
  
  Bank announces total sum as it reassures customers that they have been refunded and that normal services have been restored
  Tesco Bank has revealed that the “unprecedented” attack on its online accounts at the weekend resulted in the loss of £2.5m. The banking arm of the supermarket chain also revised down the number of accounts from which money was removed from 20,000 to 9,000 and announced that banking services had been restored for all its customers.Tesco bank issued its upd
  
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• Small businesses should not have had to shout about RBS to be heard

  08-11-2016 20:11 via theguardian.com
  
  The perception remains that an apology, not to mention a few quid in redress, has been dragged out of Royal Bank of ScotlandRoyal Bank of Scotland did not tip healthy small businesses into default and did not seek to profit from their collapse. Nor did it request personal injections of cash from owners when it had already decided a business was doomed, says the Financial Conduct Authority. But it did sometimes charge fees it didn’t explain properly, and there was a failure to support small
  
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• UK companies need more women on executive committees, says review

  08-11-2016 20:00 via theguardian.com
  
  Government-backed review led by Sir Philip Hampton and Dame Helen Alexander aims to get more women in senior roles below board level Britain’s top companies should ensure that more women make it on to executive committees as well as into boardrooms, a government-backed review has recommended.Companies listed on the FTSE 100 should have at least a third of their executive pipeline positions filled by women by 2020, the independent review led by Sir Philip Hampton, chairman of GlaxoSmithKlin
  
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• M&S to close 30 UK stores and cut back on clothing

  08-11-2016 19:57 via theguardian.com
  
  Boss says revamp affects 25% of UK floorspace with more emphasis on food, and will also shut 53 overseas shopsMarks & Spencer is shutting 30 UK stores and converting 45 more into food-only shops as part of a major business overhaul that will slash the amount of shopfloor space devoted to its ailing clothing ranges.The retailer’s new chief executive, Steve Rowe, said more than 100 UK stores were in the firing line as part of a wider shakeup designed to end a long-running slump in clothi
  
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• Preston named best city to live and work in north-west England

  08-11-2016 18:51
  
  Index of economic success and personal wellbeing in UK’s 42 largest cities puts Preston above Manchester and Liverpool Preston is the best city in north-west England to live and work, according to a new report.Continue reading...
  
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• EU drops plans to make toasters more energy efficient over 'intrusion' fears

  08-11-2016 17:26
  
  Proposal to cut emissions controversially omits several appliances on the grounds that economic benefits would not be worth the negative publicityThe EU has dropped plans to force toaster-makers to improve the energy efficiency of their products over fears of the political costs of being seen to be intruding in people’s daily lives, it has emerged.But while a new EU plan to cut emissions controversially emits several appliances, the manufacturers of electric kettles, refrigerators and hand
  
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• The three most important financial lessons of all time - AOL Money UK - AOL Money UK

  08-11-2016 17:17
  
  The three most important financial lessons of all time - AOL Money UK
  AOL Money UK
  Surviving in the financial world is never easy. There are numerous pitfalls, challenges and wrong-turns which all individuals experience during their lives.en meer »
  
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• Ask the experts: the secrets of sustainable growth

  08-11-2016 17:12 via theguardian.com
  
  Join our webchat from 1-2pm on 16 November and ask our expert panel how you can achieve growth that lastsAre you looking to grow your business? According to a recent poll, 49% of small business owners said that growing a business was harder than starting one. The latest figures (pdf) from the Federation of Small Business found that small business confidence is in decline for the first time since 2012 – 62% feel the domestic economy is the biggest barrier to growth. Business growth can allo
  
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• UK financial watchdog calls for Brexit clarity to avoid 'mess' - Metro.us

  08-11-2016 16:53
  Metro.us
  UK financial watchdog calls for Brexit clarity to avoid 'mess'
  Metro.us
  LONDON (Reuters) - Britain should spell out what happens to financial rules as Brexit gets under way to help regulators do their job and avoid a "mess" in markets, a top watchdog said on Tuesday. The comments from Andrew Bailey, chief executive of the ...
  
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• The development plan for the 21st century - podcast

  08-11-2016 16:31 via theguardian.com
  
  The world has come up with a plan for how to improve everyone’s lives - the UN’s sustainable development goals - but how are we actually going to do it? September’s event, Maintaining the Momentum for the SDGs, discussed how to accelerate progress towards the global goalsA year after the UN set the sustainable development goals, two hundred development professionals came together at an event in New York to talk about how we are going to meet the 17 goals, including ending pover
  
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• UK financial watchdog calls for Brexit clarity to avoid 'mess' - Channel NewsAsia

  08-11-2016 16:27
  
  UK financial watchdog calls for Brexit clarity to avoid 'mess'
  Channel NewsAsia
  Britain should spell out what happens to financial rules as Brexit gets under way to help regulators do their job and avoid a "mess" in markets, a top watchdog said on Tuesday. Posted 08 Nov 2016 23:25. The logo of the new Financial Conduct Authority ...
  
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• Head of UK financial watchdog joins calls for Brexit clarity - Reuters

  08-11-2016 16:24
  
  Reuters
  Head of UK financial watchdog joins calls for Brexit clarity
  Reuters
  The logo of the new Financial Conduct Authority (FCA) is seen at the agency's headquarters in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren. By Huw Jones | LONDON. LONDON Britain should spell out what happens to ...en meer »
  
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• Tesco Bank hack 'unprecedented', says Financial Conduct Authority chief - AOL UK

  08-11-2016 15:10
  
  AOL UK
  Tesco Bank hack 'unprecedented', says Financial Conduct Authority chief
  AOL UK
  The Tesco Bank hack that saw money stolen from 20,000 accounts over the weekend was "unprecedented", the head of Britain's financial regulator has said. The chief executive of the Financial Conduct Authority (FCA) said authorities were working to find ...en meer »
  
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• American Apparel's UK business goes into administration

  08-11-2016 14:32 via theguardian.com
  
  Fashion retailer’s 13 UK stores and some other European operations likely to close as US operation seeks buyerAmerican Apparel’s UK business is likely to be closed after the fashion retailer appointed administrators on Tuesday.The Los Angeles-based company, which makes all its clothes in the US, has endured a difficult period since the departure of its controversial founder Dov Charney in 2014. The parent company filed for Chapter 11, the US version of administration, just over a yea
  
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• Cheque processing centres to close with 600 job losses

  08-11-2016 13:05
  
  Intelligent Processing Solutions Ltd cutting operations to two sites in Northampton and Milton Keynes amid decline in usageA cheque processing company is closing seven sites across the UK with the loss of 600 jobs, ahead of the nationwide introduction of new cheque imaging technology.Intelligent Processing Solutions Ltd (iPSL), which processes 5m cheques a day, said it plans to slash its operations to two sites in Northampton and Milton Keynes. This will reduce its workforce to just over 700 peo
  
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• We do mind the gap! Who has cut down Toblerone’s triangles?

  08-11-2016 12:51 via theguardian.com
  
  Multinational Mondelēz has swapped the chocolate bar’s trademark pyramids for a gappier, smaller design in an effort to save money – in the ugliest way possibleName: Toblerone.Age: 108. Continue reading...
  
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• Tesco Bank cyber raid 'unprecedented', says financial regulator

  08-11-2016 12:48
  
  FCA chief tells MPs that ‘serious’ theft from 20,000 accounts may be linked via debit card flaw as customers report money transfered to Brazil and SpainThe cyber heist at Tesco Bank been described by the chief executive of the City regulator as an “unprecedented” incident in the UK. Andrew Bailey, chief executive of the Financial Conduct Authority, told MPs on the Treasury select committee that “there are elements of this that look unprecedented and it is serious, c
  
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• Let's hope 'buy as you go' isn't just another chancers' lottery

  08-11-2016 11:52
  
  Housing associations are keen to build more houses, but locking low-income renters into inflexible mortgages isn’t the answerThere has been much debate over the weekend about plans by government to introduce a “buy as you go” scheme.According to David Orr, chief executive of the National Housing Federation (NHF), the scheme would cater for a large section of the population who lack the necessary money to save for a deposit or commit to a mortgage.Continue reading...
  
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• UKs cities outperforming pre financial crisis peak - LocalGov.co.uk ... - LocalGov

  08-11-2016 11:41
  
  LocalGov
  UKs cities outperforming pre financial crisis peak - LocalGov.co.uk ...
  LocalGov
  The majority of the UK's cities are now outperforming their pre-financial crisis peak - but some are experiencing pressures.en meer »
  
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• The Guardian view on golden oldies: time to move over | Editorial

  08-11-2016 11:29
  
  Pensioner poverty is not quite defeated, but people in work and, above all, families with children are really feeling the pain of benefit cutsOften hard to remember in the long welfare chill, but there is one resounding success of the last decade of policy. Fewer pensioners are living in relative poverty than ever before. The impact of the triple lock, introduced in 2012, guaranteeing that the state pension will go up every year by at least 2.5% – more if earnings or the inflation rate exc
  
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• Toblerone gets more gappy, but its fans are not happy

  08-11-2016 10:34 via theguardian.com
  
  Chocolate lovers blast ‘plain dumb’ cost-saving move to widen spaces between bar’s triangular chunksThe makers of Toblerone have widened the gaps between the chocolate bar’s distinctive triangular chunks in an effort to avoid putting its prices up, in a move fans have described as “stupid”, “ridiculous” and “just plain dumb”.A statement on the brand’s Facebook page said that higher costs for ingredients had meant it had decided to
  
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• Marks and Spencer to close 60 stores as profits plunge by 88 PER CENT

  08-11-2016 09:50 via feedproxy.google.com
  
  MARKS and Spencer will shut 60 clothing and home stores as it focuses on food and bosses warned of more than 2,100 job losses under plans to axe 53 overseas shops.
  
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• Five Lisbon startups you should know

  08-11-2016 08:30 via theguardian.com
  
  As global tech conference Web Summit kicks off in Lisbon, we look at some of the biggest startups born in the Portuguese capital All eyes appear to be on Lisbon at the moment. Open a magazine and there’ll be yet another travel feature praising the Portuguese capital. Its rooftop bars, close proximity to glorious beaches and relative good value render it the European city break of the moment. But this week there’s another reason why Lisbon has been thrown into the spotlight – We
  
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• I’ve tried everything to get a BT line at my new-build, but to no avail

  08-11-2016 08:01
  
  Both BT and Openreach have failed to solve the problem, despite my local MP getting involvedI moved to a newly built house in the large village of Newport, Essex, in March, and asked BT to continue to supply my phone and internet. I made it clear that a new line would need to be laid, but didn’t think it would be hard as the house is almost opposite the telephone exchange and surrounded by houses that are already connected.The first installation date in April was pushed back to July, and s
  
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• In Brexit Britain there will be no benefit caps for the multinationals | Aditya Chakrabortty

  08-11-2016 07:00 via theguardian.com
  
  Theresa May’s deal with Nissan is a foretaste of a future in which welfare will be for businesses, not struggling familiesTake back control. Those three words now govern our politics. They sum up why Britain is leaving Europe, and they make up the yardstick by which Theresa May will be judged. Yet already, in the past few days, their hollowness has been exposed. Related: Don’t stop at Nissan – we all need comfort letters now | Polly ToynbeeContinue reading...
  
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• 'End this covert sexual discrimination' Calls to SCRAP flagship pension scheme threshold

  08-11-2016 01:01 via feedproxy.google.com
  
  MILLIONS of working women would enjoy a financially secure old age if they were automatically signed up to the Government's flagship pension scheme.
  
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