Financial news

• Tata Steel commits 10-year investment plan for UK - Financial Express

  07-12-2016 22:10
  
  Financial Express
  Tata Steel commits 10-year investment plan for UK
  Financial Express
  Indian giant Tata Steel today pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan as part of crucial talks with steelworkers' unions to save thousands of jobs in the UK. By: PTI | London | Published: December 8 ...en meer »
  
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• HMRC chief calls for tax crackdown on Premier League footballers

  07-12-2016 21:08 via theguardian.com
  
  Jon Thompson tells MPs that offshore image rights payments are most significant tax avoidance issue in football Britain’s top tax inspector has called on the chancellor, Philip Hammond, to review the tax rules for super-rich football stars who are avoiding tax by siphoning earnings from Premier League games into image rights companies based in offshore tax havens.Jon Thompson, chief executive of HMRC, told a committee of MPs that offshore image rights payments were now “the most sign
  
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• ECB to pummel even MORE money to save crumbling eurozone amid Italy turmoil and Brexit

  07-12-2016 17:48 via feedproxy.google.com
  
  FRESH measures aimed at injecting life into the ailing eurozone economy are expected to be unveiled by the European Central Bank tomorrow.
  
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• Brexit is a burning issue. But poverty is still the big one | Julia Unwin

  07-12-2016 16:38 via theguardian.com
  
  Seismic shifts in the labour market have fuelled mistrust and insecurity, and left far too many ‘just about managing’ families teetering on the brink of disasterThree striking trends stand out from the annual state-of-the-nation report Monitoring Poverty and Social Exclusion, commissioned by the Joseph Rowntree Foundation (JRF). First, the inexorable rise of in-work poverty. A total of 7.4 million people are in poverty, despite being in a working family – a figure that has rise
  
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• Bradburys and Waitrose put small cheese makers at the heart of new style partnership

  07-12-2016 15:54 via feedproxy.google.com
  
  WHEN the cheeseboards come out this Christmas, Bradburys will be everywhere except in name among the finely-crafted creamy rounds and tasty wedges.
  
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• House prices hit new record high after Brexit vote

  07-12-2016 14:49 via feedproxy.google.com
  
  HOUSE prices increased again in November taking the typical cost of a British home to a new record high - as buyer earnings to values reach their highest level since 2007.
  
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• Will Trump herald a US economic boom?

  07-12-2016 12:57 via theguardian.com
  
  His policies have risks, but deregulation, tax cuts and infrastructure spending will boost business confidenceAfter years of hibernation, will the US economy rouse itself for a big comeback over the next couple of years? With an incoming Republican administration hellbent on reflating an economy already near full employment, and with promised trade restrictions driving up the price of import-competing goods, and with central-bank independence likely to come under attack, higher inflation –
  
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• Manufacturing slump shows economy is more imbalanced than ever

  07-12-2016 12:53 via theguardian.com
  
  Post-referendum recovery in UK was hit by 0.9% drop in output in October – and it cannot simply be dismissed as a one-offBritain’s post-referendum recovery in manufacturing came to an abrupt halt in October. Two months of rising output were followed by a chunky 0.9% drop in October.To put it mildly, this came as a shock to economic forecasters. Strong consumer demand, the fall in the value of sterling and, especially, strong survey evidence, had all pointed to rising factory producti
  
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• OANDA Statement On UK's Financial Conduct Authority Consultation Paper - Exchange News Direct

  07-12-2016 11:17
  OANDA Statement On UK's Financial Conduct Authority Consultation Paper
  Exchange News Direct
  A global leader in online multi-asset trading services, OANDA, notes the Financial Conduct Authority's (FCA) consultation paper published on the 6th of December 2016, and supports any changes that improve the long-term trading experience for clients.en meer »
  
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• What is the European Central Bank or ECB - and will they raise interest rates?

  07-12-2016 10:54 via feedproxy.google.com
  
  AHEAD of the European Central Bank meeting tomorrow, here is a look at the ECB and whether it will decide to raise interest rates.
  
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• Pfizer fined after overcharging NHS millions of pounds for anti-epilepsy drugs

  07-12-2016 10:38 via feedproxy.google.com
  
  DRUG giant Pfizer has been fined a record £84.2million after hitting the NHS with rip-off prices for anti-epilepsy drug.
  
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• Pfizer fined record £84.2m over NHS overcharging

  07-12-2016 09:01 via theguardian.com
  
  Competition regulator says price of anti-epilepsy drug was increased by up to 2,600%The pharmaceutical company Pfizer has been fined a record £84.2m by the UK’s competition regulator after the price charged to the NHS for an anti-epilepsy drug was increased by up to 2,600%.The Competition and Markets Authority, issuing its biggest fine, said the “extraordinary price rises have cost the NHS and the taxpayer tens of millions of pounds”. Continue reading...
  
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• Shazam co-founder: 'We were growing a business in a collapsing market'

  07-12-2016 08:50 via theguardian.com
  
  The music service was ahead of its time when it started in 1999 – but the right business model wasn’t easy to find. This year, it finally turned a profitDhiraj Mukherjee, co-founder of Shazam, knows better than most that it’s not always helpful to be ahead of the curve. “People even now say, ‘Oh, it’s a great idea.’ It was way ahead of its time,” he says. “In the end, that was not necessarily an advantage [for me]. Being ahead of the market h
  
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• In blow to UK, EU rejects leeway for financial traders from tax avoidance rules - Times of Malta

  07-12-2016 08:16
  
  In blow to UK, EU rejects leeway for financial traders from tax avoidance rules
  Times of Malta
  Most European Union finance ministers yesterday rejected a British-backed plan to exempt financial traders from new rules aimed at tackling practices used by multinationals to reduce their tax bills. The move is a blow to Britain's giant financial ...
  
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• Christmas shoppers to spend over two hours on online delivery problems

  07-12-2016 08:01 via theguardian.com
  
  Citizens Advice says there were 4.8m delivery problems last Christmas, and expects even more this yearOnline shoppers will typically spend two-and-a-half hours sorting out a delivery problem this Christmas - because an item is late, turns up broken or doesn’t arrive at all – Citizens Advice has warned.With the busiest shopping period of the year now under way, the national charity’s latest consumer advice trends report reveals people experienced 4.8m delivery problems last year
  
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• Getting the silent treatment from Europcar over my hire car accident claim

  07-12-2016 08:00 via theguardian.com
  
  I reported the incident immediately but 10 months on there’s no wordTen months ago another driver damaged a vehicle I was hiring through Europcar in Northern Ireland. I reported it straight away and assumed it would be a simple process. Two months later, after no communication from the company, Europcar wrote to inform me that as I had failed to respond to its requests for information my case had been closed. But I had received no such requests. I then received a letter saying it was still
  
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• Buy-to-let properties – in pictures

  07-12-2016 08:00 via theguardian.com
  
  From a quaint Kent cottage to a shiny flat on Liverpool’s World Heritage Site waterfront, these investments could yield a returnContinue reading...
  
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• End for Italy's most rotten bank? Monte dei Paschi on edge of COLLAPSE THIS weekend

  07-12-2016 07:52 via feedproxy.google.com
  
  ITALY'S oldest lender could collapse this weekend if it fails to secure a bail-out as the country's political and financial crisis threatens to shake the eurozone's fragile economy to its core.
  
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• Palm oil boom: companies must clean up their act in Africa

  07-12-2016 07:00 via theguardian.com
  
  Deforestation, climate change and land rights abuse: the palm oil industry has a troubled track record. But proponents say it can be a force for goodThe palm oil industry is one of the world’s biggest, projected to be worth $88bn (£70bn) by 2022. While it has pumped billions into the local economies of countries like Indonesia and Malaysia, the aggressive expansion of the industry has also become synonymous with widespread environmental and community destruction.With global demand in
  
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• UK's financial watchdog tightens rules for spread betting products - Reuters

  07-12-2016 02:46
  
  Casino.Org News
  UK's financial watchdog tightens rules for spread betting products
  Reuters
  Dec 6 Britain's financial watchdog proposed tougher rules for retail financial spread betting products known as 'contracts for difference' (CFD) after finding that 82 percent of customers using them lost money. "We have serious concerns that an ...
  $1 Billion In Lost Value As UK Watchdog Targets Financial Spread BettingCasino.Org News
  UK Financial Conduct Authority Publishes Interim Report on Asset Manage
  
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• Study finds 7m Britons in poverty despite being from working families

  07-12-2016 01:01 via theguardian.com
  
  Joseph Rowntree Foundation, which commissioned report, urges government to monitor situation amid Brexit falloutMore than 7 million people in the UK are living in poverty despite being part of a working family, according to a study which uncovers how deprivation is increasingly linked to the high cost and insecurity of private rented accommodation.The report, commissioned by the Joseph Rowntree Foundation (JRF) also found that disability is increasingly linked to the changing nature of poverty.
  
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• Old People WARNED that nest eggs are main target for SCAMMERS

  07-12-2016 01:01 via feedproxy.google.com
  
  OLDER people have been warned to be on the alert as they are now the number one target for scammers.
  
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• How to snap up the hottest energy deals this winter

  07-12-2016 01:01 via feedproxy.google.com
  
  Energy bills are set to hike ahead of winterAS and electricity bills look set to go through the roof again, just in time for the coldest part of the year.
  
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• City meltdown as over £1bn was wiped from listed trading companies following FCA crackdown

  07-12-2016 01:01 via feedproxy.google.com
  
  BRITAIN’S share spread-betting industry was in meltdown yesterday after the City regulator proposed stricter rules to protect inexperienced investors against losses on complex trades.
  
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