Financial news

• Robin Hood's Sherwood Forest faces fracking threat

  01-01-2017 19:38
  
  Ineos to conduct seismic survey for shale gas and could be working within 200m of the 1,000-year-old tree Major Oak, documents revealThe latest battleground for the future of fracking in Britain looks set to be Sherwood Forest, the legendary home of folk hero Robin Hood and now the target of a seismic survey by Ineos.The chemical multinational, which relocated its headquarters back to the UK last month, appears to have agreed terms with the Forestry commission to start burying charges and spend
  
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• New year resolutions to help you handle your money in 2017

  01-01-2017 18:41 via feedproxy.google.com
  
  NEW year resolutions are quickly broken, especially if they involve drinking less, going down the gym or giving up chocolate.
  
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• Gambling firms charmed MPs ahead of betting review in 2016

  01-01-2017 18:37
  
  Bookmakers and horse racing firms quadrupled their efforts to entertain politicians, parliamentary register revealsGambling firms staged a charm offensive during 2016, spending more money on adverts and stepping up the hospitality they offer MPs, who are considering a regulatory crackdown.The industry has come under the spotlight amid concern about its commitment to curbing problem gambling and fears about the influence that daytime TV adverts have on children. Continue reading...
  
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• London must stand together in 2017 if its golden age is not to end

  01-01-2017 16:59 via theguardian.com
  
  The capital’s politicians and other influential groups need unanimity of purpose if the city is to keep prospering in the year of uncertainties ahead For three decades, with barely a blip, the UK capital has been going from strength to strength. Nothing has stunted its potency and growth, not the 7/7 bombings or the 2011 riots, not Black Monday or the 2008 global crash, not even the original Millennium Dome. Its economy drives and subsidises the rest of the country, its still-new tier of r
  
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• Tesco cuts price of women's razors so they cost the same as men's

  01-01-2017 14:30
  
  Price change follows investigation that found women were paying more in shops for the same productsTesco has reduced the price of women’s standard razors to match that of men’s in the latest victory in the battle to eliminate gender discrimination in high street products.A newspaper investigation at the start of last year showed that women were paying an average of 37% more for gender-targeted items, ranging from toys to beauty products. Razors were found to be among the more marked-
  
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• Jean-Claude Juncker blocked EU curbs on tax avoidance, cables show

  01-01-2017 14:14
  
  Leaked papers reveal that as Luxembourg’s PM, the European commission president obstructed the bloc’s tax reforms effortsThe president of the European commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, leaked documents reveal.Years’ worth of confidential German diplomatic cables provide a candid account of Luxembourg’s obstructive manoeuv
  
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• Five-minute guide to booking your summer holiday

  01-01-2017 13:55 via feedproxy.google.com
  
  WITH THE new year celebrations out of the way, now is peak season to grab a holiday bargain for 2017.
  
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• Why the UK economy could fare better in 2017 than forecasters predict

  01-01-2017 13:36
  
  From house prices to exports, there are reasons to be cheerful this year despite concerns over Brexit negotiationsNew Year: a time for resolutions, detox diets and predictions. But after the year forecasters had in 2016, who would be brazen enough to predict how 2017 will pan out?Where most economists went wrong last year – including the likes of the Bank of England and International Monetary Fund – was in predicting a sharp slowdown in the event of a vote for Brexit. George Osborne,
  
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• Observer business agenda’s review of the year

  01-01-2017 10:00
  
  Business journalist of the year Simon Goodley reflects on 12 months of tumult and turbulence in the City and beyondWhen you start the year as a FTSE 100 company, but end it in second place on the list of the “modern Christmas cracker jokes” (according to UKTV’s comedy channel Gold) you can assume it’s been a challenging year.The company in question is, of course, Sports Direct, which spent 2016 engulfed by a crisis over pay and working conditions at its depot in Shirebroo
  
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• Domestic & General left me without a fridge over Christmas

  01-01-2017 08:00 via theguardian.com
  
  I’ve been on hold for hours trying to get through to the company, and now it says delivery will take several more weeksI have four household appliances insured on a Domestic & General policy, one of which, my faulty fridge, was written off several months ago. But getting a replacement has been a saga.In the past few months I have phoned D&G at least a dozen times, but was on hold for hours at a time, at great expense. Ultimately, nobody answered. In desperation I used the online co
  
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• Brexit’s slow-burning fuse will reach a powder keg this year

  01-01-2017 08:00
  
  The effect of voting to leave the EU will become all too clear as prices rise and earnings are hitThis is the year when our politicians and the so-called “people” – all 28% of the population who voted to leave the European Union – will reap what they have sown. Unfortunately, unless sense prevails, the rest of us will also suffer the product of their wild oats.The absurdity, indeed perils, of Brexit become more obvious by the month. Business is nervous; so is the City, wh
  
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• UK in for a Bumpy Ride in 2017 - Financial Tribune

  01-01-2017 01:54
  
  Financial Tribune
  UK in for a Bumpy Ride in 2017
  Financial Tribune
  The UK economy defied expectations in 2016 as Britons decided to keep calm and carry on spending following the Brexit vote–but there are fears it could be in for a bumpy ride over the year ahead. Growth showed surprising resilience in the face of ...en meer »
  
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• Creative industries are key to UK economy

  01-01-2017 01:05
  
  The government should not underestimate the value of our arts output in terms of global branding and wealth generationThe sector that, more than any other, wanted a different result in the EU referendum could now be at the heart of what we might call an international rescue mission.The creative industries, for nearly a decade the fastest-growing part of the economy, are Brand Britain. They play exactly into the prime minister’s stated three priorities – a new industrial strategy, gre
  
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• Next is first high street retailer to report on Christmas sales results

  01-01-2017 01:01 via feedproxy.google.com
  
  THE first major signs of how well the high street performed over Christmas will become clear this week as fashion stalwart Next kicks off a month of retailers reporting their festive sales results.
  
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• New quid on the block: round pound to be replaced by 12-sided coin in March

  01-01-2017 01:01 via theguardian.com
  
  Treasury warns £1 coins will have to be returned and exchanged by October 2017The new 12-sided £1 coin will enter circulation on 28 March and the old-style coin will be defunct by mid-October, the Treasury has announced.The government is launching a campaign to encourage the public to return the round coins. The Treasury estimates that £1.3bn of coins are being stored in savings jars, with £1 coins accounting for almost a third of these. They must be exchanged before 15&n
  
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• Mike Ashley set to ignore investors and re-elect Keith Hellawell as Sports Direct Chairman

  01-01-2017 01:01 via feedproxy.google.com
  
  CONTROVERSIAL billionaire Mike Ashley is set to ignore the opinion of independent shareholders at his retail empire Sports Direct and vote to re-elect the company’s chairman Keith Hellawell later this week.
  
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• Housing market still going strong after Brexit according to homebuilders

  01-01-2017 01:01 via feedproxy.google.com
  
  Housebuilder Persimmon is expected to shrug off the scaremongering that followed the EU referendum over the economy with a positive trading update to the City on Thursday.
  
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• Government must end post-referendum workplace uncertainty, says ACAS boss

  01-01-2017 01:01 via feedproxy.google.com
  
  The Government must do more to end uncertainty for employees across the UK by explaining what impact Brexit will have on workplaces, the head of employment relations service Acas has warned.
  
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• Cut business rates to keep the UK competitive post-Brexit, say experts

  01-01-2017 01:01 via feedproxy.google.com
  
  THE Government must overhaul business rates if it wants to see British firms soar after the triggering of Article 50 later this year, experts have warned.
  
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