Financial news

• Ex-Autonomy director accused by US prosecutors of elaborate financial fraud

  13-11-2016 23:02 via theguardian.com
  
  Justice department files 12-page criminal indictment against Sushovan Hussain, accusing him of deception in $11bn Hewlett-Packard takeoverThe former finance director of British software group Autonomy has been accused by US prosecutors of “intimidating, pressuring, and paying off” individuals who questioned his company’s financial practices.In a 12-page indictment, filed on Thursday and seen by the Guardian, Sushovan Hussain is alleged to have masterminded an elaborate financia
  
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• RBS chairman calls on Theresa May to draw up Brexit transitional plan

  13-11-2016 20:25 via theguardian.com
  
  Sir Howard Davies says banks will not wait for government’s full negotiating position and will move operations out of UKThe chairman of Royal Bank of Scotland has warned that banks could pull operations out of Britain unless Theresa May draws up transitional arrangements for the country’s exit from the EU.Sir Howard Davies said it would be damaging if there was no transitional plan and that banks would have to make decisions based on uncertainty. Continue reading...
  
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• EasyJet's full-year results delivered tomorrow after turbulent year 12 months

  13-11-2016 18:36 via feedproxy.google.com
  
  INVESTORS will be scouring easyJet’s full-year results for signs of improvement tomorrow, after the company slashed its profit guidance and warned that currency headwinds would hit the balance sheet last month.
  
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• We are living in a depression - that's why Trump took the White House

  13-11-2016 16:29 via theguardian.com
  
  Since 1975, the fruits of economic growth have disproportionately been taken by the few. Donald Trump tapped into the quiet simmering anger of the manyWords matter. The process of understanding why Donald Trump is now heading for the White House starts with the correct description of what has happened in the eight years since Barack Obama became president.Some economists call the turbulent period that followed the collapse of Lehman Brothers the Great Recession. Others say the US along with othe
  
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• Waitrose makes a John Lewis journey with moving Christmas ad

  13-11-2016 12:56 via theguardian.com
  
  A tiny robin makes an arduous epic trip back to the UK for his Christmas mince pie, supplied by a young girl (and Waitrose)Waitrose has taken a leaf out of sister brand John Lewis’s Christmas TV ad playbook with a heart-tugging festive campaign that tells the story of an arduous epic journey home of a young robin.The ad, like John Lewis’s trampoline bouncing Buster the boxer, uses hi-tech special effects to create the robin’s transcontinental Christmas migration in what Waitros
  
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• Energy supply cuts may send fuel bills soaring

  13-11-2016 12:11
  
  As nuclear plants close in France a lack of rain has hit hydropower: a cold winter could be the last strawHouseholders are being warned to brace themselves for a rise in their electricity bills as a series of freak events conspires to send wholesale prices rocketing.Safety concerns at France’s nuclear power plants operated by the energy company EDF have led to many reactors being temporarily shut down. There have been similar suspensions in Belgium. In addition, a lack of rain in Norway an
  
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• Dirty Danube: looming pollution threats to the world’s most international river

  13-11-2016 09:08 via theguardian.com
  
  After barely surviving decades of pollution during the communist era, the Danube is facing new threats from microplastics, pesticides and pharma wasteLooking out over the Danube river as it passes through central Budapest, Gabor Farkass, director of Hungarian Plastics Association, bemoans his local authority’s careless attitude to recycling . “There are some sad pictures coming out in the media, because [scientists] check the riverbed, they check inside fish and birds, and they find
  
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• Trump’s election reinforces the need for Britain to turn against Brexit

  13-11-2016 08:00 via theguardian.com
  
  The consequences of US isolationism, or an alliance with Putin, are so ominous that leaving the EU is the last thing the UK needsAll right: the egregious Donald Trump’s victory is, in his words, “Brexit plus, plus, plus”, and it is far more significantly ominous for the rest of the world than Brexit.But what Trump’s triumph also does is to strengthen the case for re-examining the Brexit decision. Europe is now faced with huge geopolitical concerns. It should be pulli
  
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• Savers suffer all pain and no gain

  13-11-2016 08:00
  
  Banks and building societies seem more interested in escaping, rather than entering, the best-buy tablesIf you thought things couldn’t get any worse for savers, think again. During October there were 240 rate cuts as banks and building societies withdrew many top-paying accounts.Financial data firm Moneyfacts says 23 best-buy savings deals were withdrawn during the month, and some of the best new deals on the market were only available for a few days. Continue reading...
  
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• I lost my railcard and was forced to pay £200 more for ticket

  13-11-2016 08:00
  
  I found it at the end of the journey but Virgin won’t refund meWe travelled off peak from Manchester Piccadilly to London Euston in September, using two advance first-class tickets which cost £35.65 each with my disabled person’s railcard. But when the ticket inspector checked, I couldn’t find my railcard, though I had a photo of it on my mobile. She told me this wasn’t acceptable and I’d have to buy new tickets – for an extra £201.85 each. I asked
  
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• Five-minute guide to making the most of retirement

  13-11-2016 01:01 via feedproxy.google.com
  
  THE BIG worry facing every retired person is that their pension pot will not last as long as they do.
  
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• Consumer spending has saved the economy in the past - but we cannot bet on it forever

  13-11-2016 01:01 via feedproxy.google.com
  
  CONSUMER spending kept the UK afloat during the 2008 global financial crisis and subsequent recession and helped power the economic recovery afterwards, but do not bet on this carrying on indefinitely.
  
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• City news: GoTenna, eToro, finance firms and Sofidel

  13-11-2016 01:01 via feedproxy.google.com
  
  SMARTPHONES will be useable in areas that have no mobile signal, thanks to technology firm GoTenna.
  
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• Britain is drowning in a mountain of debt but not all hope is lost

  13-11-2016 01:01 via feedproxy.google.com
  
  If you have hefty borrowings, tackle them today in case interest rates start to rise and debt once again becomes a four-letter word.
  
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• Bank of England held emergency talks following Trump’s shock win

  13-11-2016 01:01 via feedproxy.google.com
  
  BANK of England officials have held talks with bankers and economists on Donald Trump’s US presidential election victory and what its implications will be for Britain and the global economy.
  
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• Asda’s share of market to hit a new low

  13-11-2016 01:01 via feedproxy.google.com
  
  ASDA’s share of the grocery market has fallen to its lowest level in 13 years, as new chief executive Sean Clarke battles to turn its fortunes around.
  
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