Financial news

• Fresh Brexit challenge in high court over leaving single market and EEA

  29-12-2016 23:10
  
  Four anonymous claimants allege that separate parliamentary approval is needed to quit the European Economic AreaA fresh set of legal challenges asserting that the UK will remain within the single market and the European Economic Area after Brexit have been lodged at the high court.A group of four anonymous claimants – who are a mix of overseas, EU, EEA and UK nationals – have joined a judicial review of government plans to leave the EU, alleging that separate parliamentary approval
  
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• Pension expert call for scrutiny over Sports Direct sale of Dunlop

  29-12-2016 23:01
  
  Analyst highlights pension deficit at sports brand being sold to Japanese firm as Frank Field says regulator should get involvedA pensions expert has raised questions about the fate of the Dunlop Slazenger pension fund as Sports Direct prepares to sell the Dunlop sports brand to its Japanese distributor, Sumitomo Rubber Industries.Accounts for Dunlop Slazenger International, a subsidiary of Sports Direct, indicate the company had a £9.2m pension deficit in April 2015, with sales of £
  
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• City news: BAE, zero hours contracts and Virgin

  29-12-2016 22:22 via feedproxy.google.com
  
  DEFENCE giant BAE Systems is training a record number of apprentices and plans to take on hundreds more in 2017.
  
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• Big four supermarkets ‘tempt festive shoppers’ as sales slow at Aldi and Lidl

  29-12-2016 22:01 via feedproxy.google.com
  
  BRITAIN’S biggest supermarkets are expected to have fought back strongly in the battle for Christmas shoppers as sales momentum at rivals Aldi and Lidl slows.
  
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• Green news quiz: how well do you know 2016's biggest sustainability stories?

  29-12-2016 18:58
  
  How closely have you been following enviro and green business headlines this year? Take our quiz to test your knowledge of the biggest sustainability storiesIn February, a consortium of businesses and environmental groups, including Kimberly Clark and Canada’s Globe and Mail, won a 16-year fight to restrict logging in which rainforest?Great Bear, British ColumbiaTongass National Forest, AlaskaHoh Rainforest, WashingtonMount Hood, OregonAccording to a report from the US Department of Agricu
  
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• Christmas Day 2016 sets new UK record for renewable energy use

  29-12-2016 18:49
  
  Green energy such as wind power made up 40% of electricity generated in Britain, compared with 25% on 25 December 2015Christmas Day was the greenest on record for energy generation, according to the power group Drax.The company said more than 40% of the electricity generated on the day came from renewable sources, the highest ever. It compared with 25% on Christmas Day in 2015, and 12% in 2012. Continue reading...
  
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• Brexit looks good: FTSE 100 closes with another record high

  29-12-2016 18:41 via feedproxy.google.com
  
  LONDON'S top-flight index has closed at a record high for the second day running thanks to a rally from precious metal stocks.
  
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• London house prices rise less than UK average for first time since 2008

  29-12-2016 17:25 via theguardian.com
  
  Figures from Nationwide put annual increase in capital at 3.7%, compared with 4.5% across country as a wholeHouse prices in London grew at a slower rate than the national average in 2016 for the first time in eight years, according to the mortgage lender Nationwide.Average prices in the capital increased by 3.7% over the year, compared with an average rise across the country as a whole of 4.5%. It is the first time the UK has outperformed London since 2008, when the nation was in the grips of th
  
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• Amazon plans for giant airship warehouses revealed

  29-12-2016 16:47
  
  US firm is found to have filed patent papers in 2014 for ‘airborne fulfilment centres’ and is already testing drone deliveries in the UKAmazon has filed a patent for flying warehouses that could use a fleet of drones to make deliveries to customers.A patent document filed in 2014 in the US describes giant airships as “airborne fulfilment centres” (AFCs) that could be stationed above metropolitan areas and used to store and quickly deliver items at times of high demand, us
  
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• Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’

  29-12-2016 15:28
  
  An MP’s question in October detailed rumours of the retail magnate’s involvement at Goodison, but is there any connection between him and companies who have lent millions of pounds to Premier League clubs?After almost two hours being interrogated on everything from the details of Sam Allardyce’s contract to homophobia at October’s culture, media and sport select committee inquiry, question 90 was the curveball the Football Association chairman Greg Clarke certainly wasn&r
  
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• Music streaming hailed as industry's saviour as labels enjoy profit surge

  29-12-2016 15:09
  
  Some record labels have had their biggest revenue rise in more than a decade thanks to services such as Spotify and Apple MusicFive years ago, the demise of the music industry seemed almost inevitable. Recession, rampant piracy, falling CD sales and a fear that “kids just don’t buy music any more” had giant record labels, once oozing wealth, counting the pennies.
  Yet 2016 has seen a reversal of fortune – and the industry’s saviour is not what many predicted. Profits
  
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• Rising food bills to dent UK high street spending, says top thinktank

  29-12-2016 14:50
  
  People will have less to spend on clothing and homeware as effects of sterling slump start to filter through to UK consumersRetailers will struggle in 2017 as rising food price inflation leaves shoppers with less to spend on discretionary items such as clothing and homeware, according to a leading industry thinktank.Prices could rise by between 2.5% and 3% next year, led by an expected 2.4% rise in the price of food and groceries, the highest level since 2013, according to the Retail Thinktank,
  
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• Norwegian plans New York flights for under £60

  29-12-2016 13:48
  
  Carrier plans fares as low as £56 one-way from Edinburgh, Shannon or Cork by using fuel-efficient jets and cheaper airportsPassengers will be able to fly directly to New York for less than £60 from next summer as budget carrier Norwegian steps up competition for transatlantic passengers.The low-cost airline plans to take on some of the major carriers including British Airways by introducing fares from as little as £56 on new routes from Edinburgh, Scotland, and from Cork and Sh
  
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• Brexit, Trump and 25 spoons of sugar: our top business stories of 2016

  29-12-2016 13:13
  
  Six of our 10 most-read articles concerned the EU referendum, but undistributed wealth and sugar-laden drinks also featured
  The fallout from the Brexit vote dominated our business coverage in 2016, led by Graeme Wearden and his daily live blog.Six of our 10 most-read articles covered the aftermath of the shock referendum result, from the trillions wiped off global markets to the plummeting pound and the prospect of negative interest rates. Continue reading...
  
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• Nearly half of UK fashion retailers in financial risk - Retail Gazette (blog)

  29-12-2016 11:14
  
  Retail Gazette (blog)
  Nearly half of UK fashion retailers in financial risk
  Retail Gazette (blog)
  The British fashion industry is facing an unprecedented financial challenge as retailers bear the weight of Brexit and heavy discounting. New figures from Opus Restructuring have found that 43.6 per cent of fashion retailers in the UK are deemed ...
  
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• DELOITTE: UK financial chiefs are the most optimistic they've been in 18 months - Yahoo Finance UK

  29-12-2016 10:49
  
  Yahoo Finance UK
  DELOITTE: UK financial chiefs are the most optimistic they've been in 18 months
  Yahoo Finance UK
  Chief financial officers of UK companies are more optimistic than at any time in the past 18 months despite high levels of uncertainty, according to a report by Deloitte. A survey of 119 CFOs found that 27% said they were more optimistic about their ...en meer »
  
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• DELOITTE: UK financial chiefs are the most optimistic they have been in 18 months - Business Insider Australia

  29-12-2016 10:40
  
  Business Insider Australia
  DELOITTE: UK financial chiefs are the most optimistic they have been in 18 months
  Business Insider Australia
  Chief financial officers of UK companies are more optimistic than at any time in the past 18 months despite high levels of uncertainty, according to a report by Deloitte. A survey of 119 CFOs found that 27% said they were more optimistic about their ...en meer »
  
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• Entertaining in strip clubs? I was staggered by tech's sexism

  29-12-2016 09:00
  
  When starting in the tech industry, this business owner experienced sexism from offhand comments to outright misogynyIt was obvious within weeks of starting my first job in tech in 2010 that this sector would be different to any other I had worked in – as a woman, I would consistently be in the minority. The first time I ever attended an IT event, the repercussions of this came clear. I got into a heated debate with a male colleague about whether it was appropriate to entertain clients in
  
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• Brexit bonanza as FTSE 100 hits all-time HIGH in major boost for savers

  29-12-2016 05:01 via feedproxy.google.com
  
  THE FTSE 100 has hit an all-time high as the UK economy continues to go from strength to strength after the country decided to leave the European Union.
  
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• UK in 2030: older, more unequal and blighted by Brexit, report predicts

  29-12-2016 01:01
  
  IPPR says leaving EU will require painful trade-offs, adding to challenges of ageing population and automation of jobsBritain faces a decade of disruption after Brexit with low growth, stagnating incomes for the poor and the public finances at breaking point, according to a bleak analysis by a leading thinktank.
  The report, Britain in the 2020s, by the Institute of Public Policy Research, says Brexit will “profoundly reshape the UK … painful trade-offs are almost certain. Growth is
  
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