Financial news

• US stocks hit record highs as gains continue following Trump victory

  25-11-2016 21:35 via theguardian.com
  
  Dow Jones surpassed 19,000 for first time this week
  Investors expect reduced corporate taxes under TrumpUS stocks notched fresh records, capping a week when the Dow Jones Industrial Average breached 19,000 for the first time, as investors continued to bet on a pickup in economic growth and rising corporate profits. The gains were modest but broad, with utilities rising the most, up 1.4%. Continue reading...
  
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• MPs expected to back regulations on privately-owned City businesses

  25-11-2016 21:01 via theguardian.com
  
  The proposals are expected to bring private companies in line with other businesses, in response to scandals like BHSMinisters are preparing to back the idea of extending the governance code for stock market-listed companies to large privately-owned businesses, in response to public anger at a string of scandals including the collapse of BHS.The proposal to extend the City’s governance code to the private sphere was first put forward by the Financial Reporting Council, an independent body
  
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• Black Friday takings soar 16% in online bonanza

  25-11-2016 20:11 via theguardian.com
  
  High streets quiet as shoppers use mobiles and computers to land record £1.27bn of bargainsRetailers have rung up another record Black Friday, but high streets remained calm as shoppers opted to hunt for bargains on mobile phones and computers.The association for online retailers, IMRG, estimated that £1.27bn was spent on Friday, up 16% on last year. It will be the busiest day in a week of promotions expected to deliver online retail sales of £6.77bn in the seven days to Monday
  
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• John Roberts of AO World: 'Businesses aren’t awake to online shopping'

  25-11-2016 19:55 via theguardian.com
  
  Amid a relaxed atmosphere at AO Park on Black Friday, the internet retailer’s chief executive explains its successWar paint, quotes from Disney films and staff playing table tennis are not what you expect to see at the headquarters of a retailer on Black Friday, but that was the scene at AO World’s base in Bolton on Friday.According to John Roberts, the chief executive of the online electrical retailer and one of the most outspoken figures in the industry, it is all part of the uniqu
  
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• Jaguar Land Rover's electric car plans could prove game-changer for industry

  25-11-2016 19:54 via theguardian.com
  
  JLR’s investment will boost green technology and increase take-up of battery-run cars as environmental costs of gas guzzlers riseThe technology predated the internal combustion engine, but has never really been in the running since the birth of the Model T. It might not, then, be immediately reassuring that the government has pinned its industrial strategy for a post-Brexit Britain on electric cars.Related: Business secretary says electric vehicles at heart of industrial strategyContinue r
  
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• Let’s move to St Albans: its beer festival is a sight to behold

  25-11-2016 17:30
  
  This is where I began life in a starter home on a suburban cul-de-sac What’s going for it? St Albans is a Goldilocks kind of place: it’s just right. Old (one of Britain’s oldest settlements), but not over-preserved. Not too frantic and urban, not too dull and commutery. Dense, but green and verdant. The city centre is a historical delight, high on a hill and folded into Verulamium park, bursting with Roman remains and ancient trees. Not too big, not too small. Technically speak
  
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• UK financial firms seen applying for licences in Dublin by early 2017 - Reuters UK

  25-11-2016 16:50
  
  Reuters UK
  UK financial firms seen applying for licences in Dublin by early 2017
  Reuters UK
  A general view of the financial district of London is seen in London, Britain, October 19, 2016. REUTERS/Hannah McKay/Files. By Huw Jones | LONDON. LONDON Some financial firms in Britain looking for a base in the European Union after Brexit are ...en meer »
  
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• UK's Financial Conduct Authority calls for regulatory sandbox applicants - Banking Technology

  25-11-2016 15:52
  Telegraph.co.uk
  UK's Financial Conduct Authority calls for regulatory sandbox applicants
  Banking Technology
  The UK's Financial Conduct Authority (FCA) is calling for the second group of applicants to its regulatory sandbox. As Banking Technology reported last year, the sandbox allows businesses to test out new products and services without “incurring the ...
  UK Financial Conduct Authority Seeks Input in Developing its Future ...JD Supra (press release)
  UK's Financial Conduct Authority: Cu
  
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• Black Friday online frenzy as John Lewis sales beat expectations

  25-11-2016 14:06
  
  Shoppers log on to snap up deals, with Argos and Currys PC World reporting heavy website traffic Retailers are reporting a strong start to Black Friday trading as millions of Britons logged on in the early hours to snap up bargains and again on their way to work. John Lewis said overnight sales through its website were ahead of expectations as shoppers placed five orders every second. The most soughtafter items included Sonos Play 1 wireless speakers, with one sold every 10 seconds, and Marc Jac
  
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• Best discounts and deals on UK Black Friday 2016

  25-11-2016 13:59 via theguardian.com
  
  Preparation is key to bagging the best Black Friday deals, so try this handy guide to what’s on offer in the UKThe UK is preparing for what could be its biggest Black Friday yet on 25 November, as the US import becomes a fixture on this side of the Atlantic. So what deals have retailers got in store for shoppers? Here’s an A-Z round-up. Continue reading...
  
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• Tata set to commit to UK steel for the next decade

  25-11-2016 13:50 via theguardian.com
  
  Indian company’s move could secure 11,000 jobs and includes stopping the sale of its speciality steels armTata is preparing to commit to its UK steel operations, including the vast Port Talbot works, for at least the next 10 years, in a move which would secure the future of more than 11,000 steel workers and deliver a major boost to the government.Lord Bhattacharyya, one of the group’s closest advisers, said Tata is preparing “major announcements about growth in Tata Steel&rdqu
  
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• Business secretary says electric vehicles at heart of industrial strategy

  25-11-2016 13:23 via theguardian.com
  
  Greg Clark signals post-Brexit policy as Jaguar Land Rover confirms it plans to create 10,000 jobs in the UKGreg Clark, the business, energy and industrial strategy secretary, has said making Britain a world-leading hub for next-generation electric vehicles will be at the heart of the government’s new industrial strategy, providing one of the clearest indications yet of the sectors it wants to focus on in a post-Brexit economy.Clark said the automotive sector, particularly electric vehicle
  
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• Bargain hunters: Black Friday around the world – in pictures

  25-11-2016 12:58 via theguardian.com
  
  Shoppers seek out the best bargains at the discount event that began in the US but has been adopted around the world Continue reading...
  
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• Bookstores shun Black Friday and embrace Civilised Saturday

  25-11-2016 12:41 via theguardian.com
  
  Pitched as the antidote to the annual shopping frenzy, the initiative has caught the imagination of independent book sellersWhile bargain hunters across the country stand in queues and brace for crashing websites on Black Friday, independent bookstores are preparing for something a little milder. Pitched as the antidote to Black Friday, bookshops are preparing for Civilised Saturday, which returns on 26 November. Featuring in-store events and book signings, it follows a successful inaugural year
  
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• Theresa May's executive pay reforms challenged by thinktank

  25-11-2016 12:03 via theguardian.com
  
  Plan to make investors’ votes on remuneration legally binding is ‘disproportionate’, says Big Innovation CentreTheresa May has been warned off plans to reform executive pay by leading figures from the world of economics and business, days after she abandoned a proposal to put workers on company boards.A report by independent thinktank the Big Innovation Centre urged the prime minister to rethink the detail of plans to reform the UK’s corporate governance regime. Continue
  
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• IR Magazine | US and UK financial regulation faces shake-up - IR Magazine

  25-11-2016 11:41
  IR Magazine | US and UK financial regulation faces shake-up
  IR Magazine
  The financial regulatory environment in both the US and the UK is to face major change ‒ for different reasons. After Donald Trump's victory in the presidential ...en meer »
  
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• How to avoid Ryanair’s £1bn of pricey extras … and fly for free

  25-11-2016 11:30
  
  Ryanair is mooting zero fares, but that means it will have to further boost its profits by selling passengers costly add-ons. Here’s how to say ‘no thank you’Many seats on Ryanair flights could be free in a decade, with the airline making its money from sharing revenues with airports, boss Michael O’Leary said this week. But of course, flying isn’t – and won’t really be – free.The average cost to Ryanair of carrying a passenger is €47.69 (&pou
  
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• Turn a cashflow crisis into an opportunity

  25-11-2016 09:00 via theguardian.com
  
  From people walking to deals with holiday resorts: meet the entrepreneurs whose cashflow woes sparked innovative business ideasUnderemployed actor Chuck McCarthy started people walking earlier this year, when he needed to bring in some extra cash to pay the bills. The idea to charge $7 (£5.60) a mile to walk with people, inspired by the dog walking and personal training posters in his Los Angeles neighbourhood, started as a joke but gained traction due to an enthusiastic response. McCarthy
  
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• Black Friday deals: how to make sure you really do have a bargain

  25-11-2016 08:29
  
  Our secret shopper has a few tips and tricks to help you find the real deals this year
  In all the hype around Black Friday, figuring out whether the discount is a good buy or not can be tricky. Which? recently published research showing that out of 178 deals publicised on Black Friday in 2015, only 90 were actually cheaper than they had been before the sale day.Retailers from Currys to Amazon all mark their Black Friday deals with magnificent-sounding price cuts, but they are only really useful
  
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• I asked to visit a school library before applying for a job there – is that wrong?

  25-11-2016 08:00
  
  I was just researching the place and people, but I didn’t get the job and fear my actions created an atmosphere of mistrust
  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 am applying for jobs as a school librarian. I hold a master’s degree in information and library studies,
  
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• GWR fails to deliver on the final cost of online special offer rail tickets

  25-11-2016 08:00
  
  Great Western Railway’s £6 delivery charge was applied with no option to collect at the stationI tried to buy a senior open return ticket from Bath Spa to Paddington using the Great Western Rail website. The fare was advertised at £24, but a further £6 was automatically added at checkout for special delivery mailing without the usual option of collecting the ticket from the station. Customer services initially told me there was a fault on the website, and then that ticket
  
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• A Victorian glasshouse for sale – in pictures

  25-11-2016 08:00
  
  No stones should be thrown in this converted greenhouse, originally built to provide fruit for Walworth Castle next doorContinue reading...
  
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• A survival guide for working parents: how to balance family and career

  25-11-2016 08:00
  
  To relieve pressure, working parents need to manage their employer’s expections – and their own“The obligation for working parents is a precise one: the feeling that one ought to work as if one did not have children, while raising one’s children as if one did not have a job,” a friend recently wrote on Facebook. My immediate reaction was sadness as it made me think about my own roles as a parent and a senior HR manager. But do we really need to pigeonhole ourselves
  
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• Environmental challenge to Carmichael coalmine dismissed by supreme court

  25-11-2016 06:12 via theguardian.com
  
  Queensland Resources Council chief executive welcomes decision and tells activists to get out of Adani’s wayAdani’s Carmichael coalmine has passed its latest legal hurdle – the Queensland supreme court has dismissed a challenge against grants of a mining lease and environmental authority for the $21m project in the state’s Galilee Basin.Environmental groups had challenged the move on legal grounds, saying the Queensland government had erred in granting the approvals for t
  
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• Strikes in China over foreign employers selling out to local companies

  25-11-2016 03:28 via theguardian.com
  
  Coca-Cola and Sony hit by walkouts as workers fear they will lose jobs or have pay and conditions cut when Chinese firms take over factoriesCoca-Cola workers in three Chinese cities have gone on strike after the US soft drinks company announced it was selling its bottling interests in the country.
  Strikes and other labour protests have surged in recent years in China, where growth is slowing and parts of the economy are moribund. Continue reading...
  
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• London tops cost-of-housing survey at 14 times average earnings

  25-11-2016 01:01
  
  Cambridge and Oxford follow the capital at over 13 times earnings while Glasgow and Liverpool have lowest income-to-price ratioThe average cost of a home in London is more than 14 times average earnings – the highest level on record, according to figures from property consultancy Hometrack. Oxford and Cambridge are not far behind, the company’s latest index of city prices indicates, with house prices at 13.5 and 13.6 times local earnings respectively.A lack of homes for sale combined
  
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