Financial news

• Savings and pensions face festive boost as shares ‘bounce’ to an all-time high

  28-12-2016 21:03 via feedproxy.google.com
  
  MILLIONS of savers and pension-holders were given a shot in the arm yesterday as booming post Brexit vote Britain saw share values surge to an all-time high.
  
  Read more

• City news: Boohoo.com, BP and Bovis Homes

  28-12-2016 20:32 via feedproxy.google.com
  
  ONLINE retailer boohoo.com has unveiled its latest acquisition as it revealed plans to snap up the brand of collapsed US fashion firm Nasty Gal in a $20million deal.
  
  Read more

• Isle of Arran Distillers to build on whisky sales success

  28-12-2016 19:51 via feedproxy.google.com
  
  HIGH spirits at Isle of Arran Distillers are set to continue as latest figures for the company and its top-rated single malt whiskies show an increase of seven per cent.
  
  Read more

• Airbus forced to postpone delivery of 12 A380 jets to Emirates

  28-12-2016 17:37
  
  Delay is another blow to company after fewer than expected orders mean the superjumbo is financial disappointmentAirbus has suffered yet another hitch in the troubled life of its A380 “superjumbo”, as it was forced to postpone delivery of 12 aircraft to its largest customer, Emirates.The double-decker A380, the world’s largest passenger jet, has proved a disappointment for Airbus since its much-delayed debut in 2007 and the firm has already been forced to cut production after w
  
  Read more

• Advertisement

• Wonder why so many BHS workers are relying on charity? Here’s what we face | Grant Atterbury

  28-12-2016 13:36
  
  For Philip Green it’s business as usual, but like hundreds of others made redundant in 2016, I could only make it through Christmas by relying on loans and charityOn Christmas Eve, two letters landed on my doormat. Before I’d even bent to pick them up, I could tell they were going to be bad news. Like most people who have become accustomed to living on the breadline, I’ve practically developed a sixth sense about such things and can instinctively tell when an unwanted bill or a
  
  Read more

• Britons putting away money in anticipation of Brexit slowdown

  28-12-2016 12:47
  
  Personal deposits grow £32.4bn over first 11 months of 2016 as people prepare for slower wage growthBritons are bracing themselves for a Brexit-related slowdown in 2017 by stashing away cash at increasing rates, according to the latest snapshot from the UK’s high street banks.Personal deposits grew by 4.8% year-on-year in November, figures from the British Bankers’ Association showed, as people prepare for a tougher year of weaker economic growth and lower wage growth. Continue
  
  Read more

• Mark Carney's year in quotes: 'We are actors in a play written by others'

  28-12-2016 12:29
  
  As the man charged with maintaining calm in the economy, the Bank of England governor has had a challenging 2016When Canadian Mark Carney accepted the job as Bank of England governor in 2012, he said he was honoured to accept the “important and demanding role”. It is doubtful he could have foreseen, however, quite how demanding it would turn out to be. As the man charged with maintaining calm on financial markets and in the economy, Carney had the most testing of years in 2016.Contin
  
  Read more

• Outbreaks like Zika are distracting us from permanent medical emergencies | Gary Finnegan

  28-12-2016 12:21
  
  Attempts to tackle all mosquito-borne diseases are at risk while Zika recieves disproportionate attention
  When dengue fever hit Yangon, Myanmar earlier this year, the government was better prepared than ever. The department of health has worked since 2014 with the Malaria Consortium, an NGO, to develop a detailed outbreak response plan.Community health workers in four townships at high risk had been trained to recognise and treat the disease. They worked with local officials to target mosquito b
  
  Read more

• Advertisement

• UK mortgage approvals fall, as housebuilder Bovis warns on profits – business live

  28-12-2016 11:00
  
  All the day’s economic and financial news, as the City of London reopens after the Christmas breakLatest: UK mortgage approvals dip in NovemberBovis Homes warns on profits
  Housebuilder to sell 180 fewer homes than expectedShares in property firms take a hitThe agenda: Brexit fears linger as City reopens 9.44am GMTBREAKING: The number of new mortgage approved in the UK fell last month, in another sign that the property sector is slowing.High street banks approved 40,659 new loans for home p
  
  Read more

• Banking standards: treacherous political waters lie ahead

  28-12-2016 10:21
  
  The system has been safer since the Basel III regulations, but tensions are high between the US and the eurozone – which both have their own preoccupationsThe financial crisis of 2008 gave a big boost to the global standard-setters. Suddenly the Basel committee, which sets the standards for international banking supervision) was leading the financial news. Dinner parties in Manhattan and Kensington were consumed with the finer points of Basel II and the evils of procyclical capital require
  
  Read more

• 44% of fashion retailers face financial ruin, report warns - Belfast Telegraph

  28-12-2016 10:01
  
  Belfast Telegraph
  44% of fashion retailers face financial ruin, report warns
  Belfast Telegraph
  Almost half of all UK fashion retailers are facing financial ruin as competition, the fall in sterling and heavy discounting take their toll on the sector. Figures from Opus Restructuring suggest that 3,991, or 43.6%, of UK fashion retailers are at ...en meer »
  
  Read more

• Most Australian funds transferred to China – but Estonia gets an odd spike

  28-12-2016 09:43
  
  Unexplained increase in transfers to Estonia not necessarily suspicious, experts sayChina remained by far the biggest destination for Australian cash this year, while the amount of funds transferred to Estonia experienced a huge, unexplained spike. New data published on Austrac’s freedom of information disclosure log reveals the annual totals of international funds transfers from Australian accounts since 2010.Continue reading...
  
  Read more

• 'Entrepreneurs want a bank that behaves the way they do'

  28-12-2016 08:30
  
  The challenger bank sector is booming, promising digital innovation and personalised service. Small business owners explain why they’ve switched
  The financial crash of 2008 led many to believe it was wrong to have banks so big they were not allowed to fail. What the sector needed, was greater competition and diversity. Since then, Bank of England reforms have made it easier for new entrants to join the market. A new breed of challenger banks have emerged such as Metro Bank, Aldermore, Ato
  
  Read more

• Will 2017 be the year we take drug-resistant superbugs seriously?

  28-12-2016 08:00
  
  Governments are trying to stop the overuse of antibiotics in farming but action is needed from food producers and retailers to combat the threat to human healthAntimicrobial resistance, the emergence of superbugs resistant to the antibiotics that modern medicine depends on, is not a future threat looming on the horizon but a problem that is already here and likely to have a big impact on business – especially in sectors such as food and pharmaceuticals.
  The World Health Organisation estima
  
  Read more

• Toshiba shares fall 20% as nuclear writedown sinks in

  28-12-2016 07:10
  
  Japanese company’s hit could run into billions after subsidiary Westinghouse Electric bought Chicago Bridge and Iron for much more than it was worthToshiba shares dived more than 20% on Wednesday in their second straight double-digit plunge as the company said it may book a one-time loss of several billion dollars over its US nuclear business.
  Toshiba’s stock price dropped by 20.42% to 311.60 yen, the largest fall allowed for a single day, about 30 minutes after the opening bell, as
  
  Read more

• Trains on UK railways more than 20 years old, analysis shows

  28-12-2016 07:00 via theguardian.com
  
  With rail fares rising by 2.3%, thinktank IPPR North says passengers are ‘paying through the nose for decrepit trains’Trains on Britain’s railways are more than 20 years old on average, the highest figure for at least 15 years, according to analysis of rolling stock.With rail fares increasing by an average of 2.3% across the UK from Monday, a thinktank claimed that passengers were “paying through the nose for decrepit trains”. Continue reading...
  
  Read more

• 'I'm not Father Christmas' and other business quotes of 2016

  28-12-2016 07:00
  
  From Sports Direct’s Mike Ashley’s statement to MPs to Theresa May’s pledge to change the way big business is governed, here are the some of the year’s bestSir Philip Green as he gave evidence to the House of Commons business, energy and industrial strategy committee in June about the collapse of BHS. He told MP Richard Fuller: “Do you mind not looking at me like that all the time, it’s really disturbing … Sorry, do you just want to stare at me, it&rsqu
  
  Read more

• UK house prices to rise marginally in 2017, says Halifax

  28-12-2016 01:01
  
  Forecast raises prospect of price declines in London and economic slowdown putting a brake on the property marketHouse prices will rise by between 1% and 4% in 2017, according to Halifax’s annual forecast, marking a sharp deceleration from 2016, as it raised the prospect of falling prices in London. Britain’s biggest mortgage lender said a slowdown in economic growth, potential rises in unemployment and pressure on household incomes will put a brake on the property market after sever
  
  Read more

• Majority of managers think Brexit uncertainty will affect UK economy

  28-12-2016 01:01
  
  Survey finds 65% pessimistic about economic growth though many optimistic their own organisations will thriveA majority of managers in the UK believe Brexit-related uncertainty will hold back economic growth next year and almost half think leaving the UK will be a drag in the long term, according to a survey.The 2017 outlook from the Chartered Management Institute (CMI) paints a relatively downbeat picture of the UK economy, but managers appear optimistic about their own organisations’ abi
  
  Read more

Follow @financialnwsUK on Twitter!