Financial news

• TUC and businesses urge Theresa May to act on rights of migrants

  17-12-2016 21:17
  
  Leaders say uncertainty over 3.2m EU citizens in UK will inflict ‘serious damage’ on economyBritish business and the trade union movement have made an unprecedented joint demand to Theresa May to guarantee immediately the rights of European Union migrants to remain in the UK, warning that further uncertainty will inflict serious damage on the British economy. Related: The Brexit fallout for EU citizens in the UK, and Britons in the EU – Q&AContinue reading...
  
  Read more

• Southern rail dispute reflects workers’ growing fears about rise of automation

  17-12-2016 18:48
  
  Last week’s strikes over the removal of guards highlighted concern about the way technology is making real workers obsolete, hitting lower-paid roles hardestTrains with a guard become driver-only trains, which then become driverless trains. That’s the fear underlying Aslef’s dispute with Southern railways and accounts for the rearguard action to prevent further job losses across the rail industry.It’s not the only reason for the dispute. There is also scorn for Southern&r
  
  Read more

• Tsipras’s spending spree may be relief to Greeks but it won’t end crisis

  17-12-2016 17:00
  
  Flouting bailout terms by giving his people a financial boost could be the prime minister’s final act as ESM freezes short-term cash measuresAlexis Tsipras, the Greek prime minister, likes to shake things up and, in recent days, he has reverted to form. After 16 months of faithfully toeing the line, the leader rebelled, cautiously at first and then almost jubilantly, casting off the fiscal straightjacket that has encased his government with thinly veiled glee.First came the announcement th
  
  Read more

• Young, quick and very hip: Missguided and Pretty Little Thing hit the big time

  17-12-2016 16:59
  
  The online ‘fast fashion’ sales model is doing wonders for a new breed of northern-based online retailers targeting teenagers and young womenThere is a powerful new club in the north-west of England but its most bankable players are probably unfamiliar, despite raking in hundreds of millions of pounds a year from fans.Meet Boohoo, Pretty Little Thing and Missguided, the Manchester-based online companies threatening to take over fashion retailing with inexpensive, brash clothes that a
  
  Read more

• Advertisement

• Baggage handlers down suitcases as Britons get ready for wave of strikes

  17-12-2016 12:42
  
  Airport staff join BA crew, Virgin pilots, Post Office workers plus train drivers and conductors in announcing industrial actionA fresh wave of strikes will hit Britain in the final week before Christmas, with 1,500 check-in staff and baggage handlers at 18 airports preparing to walk out and rail operator Southern warning of severe disruption when conductors do the same.British Airways cabin crew based at Heathrow airport announced on Friday that they are to strike on Christmas Day and Boxing Da
  
  Read more

• Letter to my younger self: you will have to put friendships aside

  17-12-2016 09:55
  
  Startup life is hard, Bonnie Chung tells her 25-year-old self, and many challenges will dent her creative spirit – but it’ll be worth it
  Dear Bonnie,You have no idea how hard you are about to work, how much you will need to sacrifice or the resilience that you will develop to cope with the journey ahead.Continue reading...
  
  Read more

• Brexit and price hikes push up the cost of Christmas for Britons

  17-12-2016 09:00
  
  Pound’s slump and rising production costs mean consumers are feeling the pinch as they stock up for the festive season The Brexit blow to the pound coupled with commodity price hikes is squeezing Britons’ Christmas spending power this year.A typical household spends an extra £500 in December but the pound’s dramatic tumble since the 23 June referendum means the festive fund is being stretched as the price of everything from Christmas puddings to selection boxes and the la
  
  Read more

• Will it be a happy new year for your investment funds?

  17-12-2016 08:00
  
  Stock market investors have seen bumper returns, with the FTSE 100 soaring after the Brexit vote. We ask some of the biggest names in the business for their 2017 predictionsThe FTSE 100 index of Britain’s biggest stock market-listed companies has enjoyed its strongest year since 2009, jumping from 6,137 at the start of the year to touch nearly 7,000 this week. Wall Street’s S&P 500 has hit record highs, with British investors gaining even more in sterling terms because of the fal
  
  Read more

• Advertisement

• Seven simple ways to cut your spending in 2017

  17-12-2016 08:00
  
  From mortgages and insurance to savings and tax returns, here are some tips on making savings in the new year
  With the Brexit process set to begin in earnest, next year could be tough on many people’s finances. Guardian Money is here to help: Continue reading...
  
  Read more

• Recycled bank accounts can mean sending money to the wrong person

  17-12-2016 08:00
  
  We talk to a couple who thought they’d transferred some money to their son, but ended up losing more than £1,000A chartered accountant and his wife are £1,100 out of pocket after discovering that their son’s old bank account number has been given to someone else. The couple have learned to their cost something that every person who banks online should know: it’s not just things such as paper and glass that are recycled. Banks can, and do, recycle closed account deta
  
  Read more

• Is it worth buying an annual airport executive lounge pass?

  17-12-2016 08:00 via theguardian.com
  
  I’m wondering if this is a good present for a frequent flyer and if they’re actually any goodEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
  Read more

• 2016: the year Britain got (a little bit) richer

  17-12-2016 08:00
  
  Wages went up, prices stayed about flat and house prices cooled. But next year is a different story …How was your personal finance scorecard in 2016? Many will feel wounded by the Brexit result, but the reality is that 2016 has not been unkind to the pound in your pocket. Generalising about the personal experiences of 65 million individuals is wildly ambitious, but it has never put a newspaper columnist off before, so here goes …Your wages went upAverage pay rose from £463 to
  
  Read more

• Are these startups the future of food tech?

  17-12-2016 06:00
  
  Cheap and accurate weather forecasting and indoor LED farms were just some of the offerings at the Nobel Week Dialogue in StockholmThe ability to forecast tomorrow’s weather is something farmers have at their fingertips in many parts of the world, but in some regions weather forecasting is much trickier. “In the tropics, weather processes are faster and up to a thousand times smaller than up here,” says Liisa Petrykowska, managing director of Ignitia, a Stockholm-based startup.
  
  Read more

• Adani coalmine: ANZ chief suggests bank would not finance Carmichael project

  17-12-2016 04:57
  
  Chief executive reportedly says bank’s exposure to coalmining is small and ‘I can’t see a time where we’d suddenly see that trend shift’ANZ bank’s chief executive has in effect ruled out helping finance the Adani group’s proposed multibillion-dollar Carmicheal coalmine project in Queensland, reports suggest.The Weekend Australian reported on Saturday that Shayne Elliott had said the bank’s exposure to coalmining had halved to about $1.5bn over the
  
  Read more

• Homes to party in – in pictures

  17-12-2016 00:45
  
  You can let the music play all night long in these properties, from Cumbria to WrexhamContinue reading...
  
  Read more

Follow @financialnwsUK on Twitter!