Financial news

• Campaign for Real Ale asks government to give pubs special protection

  26-12-2016 23:58
  
  Camra proposes status that would force pub owners to apply for planning permission for demolition or change of useThe Campaign for Real Ale (Camra) is urging the government to do more to stop pubs from being demolished or closed.Camra is pushing for ministers to put pubs into a special class so that owners must always seek planning permission for a change of use or demolition.Continue reading...
  
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• Slumping £ to Cost UK Dearly - Financial Tribune

  26-12-2016 23:43
  
  Financial Tribune
  Slumping £ to Cost UK Dearly
  Financial Tribune
  The UK is set to crash down the table of the world's largest economies because of Brexit, a report claims. And an analysis by the Center for Economics and Business Research says the slump in the value of the pound will take its toll on the country's ...en meer »
  
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• China to rein in outward investment as domestic growth stalls

  26-12-2016 22:30
  
  Government to make it easier for firms abroad to invest in China and tougher for Chinese companies to buy assets overseas to contain capital outflowBeijing has signalled plans to curb Chinese firms’ investment in foreign assets, after revealing that companies from China are on course to spend 1.12 trillion yuan (£130bn) on everything from British football clubs to a Hollywood film producer in 2016.Companies from China ramped up their spending on overseas assets during the year, as a
  
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• UK factories wary of sterling's fall and rising costs in new year

  26-12-2016 17:49
  
  Manufacturers worried Brexit pressure on pound will intensify in 2017 and give rise to inflation, survey revealsBritain’s manufacturers are bracing for more swings in the exchange rate and rising costs, as the start of Brexit negotiations in 2017 threatens to keep the pound under pressure.
  Factories have had to cope with sharp rises in energy and raw material costs in recent months as the weak pound makes imports to the UK more expensive. For manufacturers that export there has been a smal
  
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• UK housing market: what to expect in 2017

  26-12-2016 17:11 via theguardian.com
  
  Round-up of the state of the property market in 2016 and the outlook for the year aheadThere have been two significant influences on the housing market in 2016: stamp duty and the EU referendum result. Stamp duty changes introduced two years ago had already started to have an impact at the top of the market, where the upfront cost of buying a home had increased substantially. Another change, the introduction of a higher rate of duty on second homes, was introduced in April.Continue reading...
  
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• UK shoppers head out in their millions to brave Boxing Day sales

  26-12-2016 16:29 via theguardian.com
  
  Analysts point to permanent shift in shopping habits as Britons rise early or go online to bag Boxing Day bargains
  While many people were still sleeping off the extra calories – and alcohol – consumed on Christmas Day, millions of the nation’s hardcore shoppers had set their alarms, ready to be up and out to bag the biggest bargains on Boxing Day.
  Jace Tyrrell, chief executive of the New West End Company, representing stores on Bond, Oxford and Regent streets, said average foot
  
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• Philip Green demands Dominic Chappell pays into BHS pension deal

  26-12-2016 16:16 via theguardian.com
  
  Retail tycoon wants Pensions Regulator to also make former owner contribute to settle £571m deficit in pension scheme Sir Philip Green wants the Pensions Regulator to force Dominic Chappell, the former owner of BHS, to put money into the failed retailer’s pension fund as part of any settlement to resolve the £571m deficit in the scheme.Green has made a payment into the scheme from Chappell or his company Retail Acquisitions a condition of any rescue deal, according to sources c
  
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• UK Financial Firms Attempting Ireland Relocation Post-Brexit - Forbes

  26-12-2016 12:03
  
  The Guardian
  UK Financial Firms Attempting Ireland Relocation Post-Brexit
  Forbes
  So we are told at least, the agency in Ireland that attempts to attract inward investment is telling us that financial firms are looking at the UK post-Brexit and deciding that they'd like to explore relocation to Ireland. However, there's a little ...
  Dozens of UK banks and financial firms 'looking at moving to Ireland'The Guardian
  UK financial firms eying relocation to IrelandPress TV
  UK banks, financial firms ma
  
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• Mervyn King: Britain better off going for hard Brexit

  26-12-2016 11:51
  
  Former Bank of England governor says despite political difficulties there will be many opportunities once UK leaves EUBritain may be better off going for a hard Brexit that would mean leaving the single market and customs union, Mervyn King, the former governor of the Bank of England, has suggested.Lord King, who has been more optimistic about leaving the EU than many economic commentators, acknowledged that Brexit would bring great political difficulties and would not be a “bed of roses&r
  
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• One year on from the floods: businesses tell how they picked up the pieces

  26-12-2016 10:30
  
  We catch up with the entrepreneurs devastated by last year’s Boxing Day floods in the north of England
  Last year heavy rain across northern England and Wales over Christmas caused thousands of homes and businesses to flood. Rivers burst their banks and residents were evacuated.At the time we reported on small firms whose businesses had been flooded, from a restaurant in York that had only been open 18 months, to a gym in Yorkshire that suffered terrible damage. A year on, we catch up with
  
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• Will Spotify kill the music download?

  26-12-2016 09:00
  
  Apple’s iTunes store revolutionised the music industry, but now streaming reigns supreme and even vinyl is fighting backThe digital download, ushered in to the mass market more than a decade ago by Apple’s iTunes music store, is in rapid decline as people shift to streaming services such as Spotify and Apple Music.The shift from downloads to streaming is highlighted by the biggest-selling singles of this year and 2006, when Gnarls Barkley’s Crazy became the first download-only
  
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• Supermarkets to fly in emergency salad from US after Spanish floods

  26-12-2016 08:00
  
  Heavy rains in southern Spain have hit supplies of leafy salads, celery and broccoli with shortage set to last into new yearSupermarkets are preparing to fly in emergency salad from the US after heavy rains and flooding in Spain hit supplies.About 80% of fresh produce – including leafy salads as well as celery and broccoli – sold in the UK at this time of year comes from the Murcia region in southern Spain.Continue reading...
  
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