Financial news

• City news: Halfords Group, Lavendon, West Cornwall Pasty Company, Britvic

  03-01-2017 19:47 via feedproxy.google.com
  
  RETAILERS’ shares were in reverse amid worries over costs rising and consumer spending slowing today.
  
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• Richard Cousins makes shock departure from Tesco board of directors

  03-01-2017 19:26
  
  Compass chief resigns as a non-executive director as supermarket chain prepares to unveil Christmas trading figuresRichard Cousins, the chief executive of the catering group Compass, has abruptly left his position as senior independent director of Tesco just days before Britain’s biggest retailer unveils its Christmas trading figures.The surprise departure of Cousins after just two years on the board will be seen as a blow for the supermarket chain by the City.Continue reading...
  
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• London Stock Exchange sells French clearing business to Euronext

  03-01-2017 18:43 via feedproxy.google.com
  
  THE London Stock Exchange has agreed to sell its French clearing business for 510 million euros to ease regulatory concerns over its planned merger with Deutsche Borse.
  
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• Green Energy UK offers first electricity tariff based on time of day

  03-01-2017 17:13 via theguardian.com
  
  Customers will be charged 4.9p per unit of electricity from 11pm to 6am but up to five times as much during peak demand timesHouseholders who charge their gadgets, wash their clothes and run their dishwashers overnight will pay less for their energy under a new dual-fuel tariff.Green Energy UK said its TIDE tariff is the first to offer residential customers an electricity price based on the time of day, although the idea will be familiar to anyone on an Economy 7 or Economy 10 tariff. Continue r
  
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• Petrol and food prices expected to continue rising in 2017

  03-01-2017 16:16
  
  With prices at pumps starting the year at their highest since 2014, cost of food and other essentials is also predicted to go upHouseholds are being told to brace for more price rises on fuel, food and other essentials in 2017 after the new year started with petrol at a two-year high.The AA says motorists in the UK are paying 15p a litre, or an average of £8.25 a tank, more than a year ago, and economists say a higher oil price and weak pound will probably push prices up further this year.
  
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• Twitter’s Bruce Daisley on social media humour and JK Rowling

  03-01-2017 13:00
  
  Small businesses should join a Twitter conversation like they’d join one in the pub, says the network’s vice president for Europe, the Middle East and AfricaFor me, the best person on Twitter is JK Rowling. Not only does she talk about her product [books] and the brand that she’s created, but she also shares her opinions.Continue reading...
  
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• Will Donald Trump's election put America first and global conflict next?

  03-01-2017 09:33
  
  The historical record is clear: protectionism, isolationism, and ‘America first’ policies are a recipe for economic and military disasterDonald Trump’s election as president of the United States does not just represent a mounting populist backlash against globalisation. It may also portend the end of Pax Americana – the international order of free exchange and shared security that the US and its allies built after the second world war.That US-led global order has enabled
  
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• Stock markets: the Guardian's share tips for 2017

  03-01-2017 08:00 via theguardian.com
  
  After the political shocks of 2016 resulted in a surprise price boost, our team dust off their crystal ball to analyse the year aheadThere was a school of thought that said 2016 should have been put out of its misery well before 31 December rolled around.A parade of much-liked people dying and a series of political shocks, along with the usual run of disasters and upsets, might have led us to expect a share price slump, but quite the reverse happened.Continue reading...
  
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• Losing sleep as Argos fails to deliver new mattress

  03-01-2017 08:00 via theguardian.com
  
  The customer services department sounds like robots reading scripts rather than having any empathyMy girlfriend ordered a double mattress from Argos, and in preparation for the delivery we arranged for our current one to be taken away. However, the new mattress did not show up. We were never contacted about this; instead we had to chase the firm by phone and social media. We were then told it would come the next day which, when you’ve no mattress, is not ideal. It said it could offer us a
  
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• Rail passengers to stage station protests against fare increases

  03-01-2017 07:01 via theguardian.com
  
  Groups to protest for two days at stations including King’s Cross and Glasgow Central after fare increase of 2.3% comes into effectCampaigners will be protesting outside train stations in England and Scotland this week in response to higher rail fares coming into effect, as commuters return to work after the festive break.Three campaign groups, We Own It, Action For Rail and Bring Back British Rail have joined forces and organised two nationwide days of action in England on Tuesday and Sco
  
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• Brexit: banks consider whether to start moving business out of UK

  03-01-2017 07:00
  
  Announcements expected soon on whether to implement contingency plans for access to remaining EU statesBrexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the UK.Theresa May, the prime minister, intends to trigger article 50 – the formal process of exiting the EU – in March and some senior officials in the financial district argue
  
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• Rail fares cost commuters up to 14% of their income, says study

  03-01-2017 01:01
  
  Some season tickets cost six times as much as those in Europe, say campaigners, as average 2.3% fare increase comes into effectBritish workers are spending up to a seventh of their income on rail fares, about six times as much as employees across Europe, a new study reveals.Rail fares have increased twice as much as wages and inflation over the past decade, leading to fresh charges that rail privatisation in the UK has failed. Continue reading...
  
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• Debt charities urge struggling consumers to seek advice early

  03-01-2017 01:01
  
  Citizens Advice and National Debtline say January will be busiest for years as financial hangover, on top of rising rising bills, is feltTwo debt charities are preparing for what they say will be one of their busiest months ever as cash-strapped consumers are forced to face up to pre-Christmas overspending, and more deep-seated financial problems.Citizens Advice expects more than 370,000 people to seek help on a range of financial issues including post-Christmas debts over the next two months. C
  
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• Business confidence stabilises but Brexit jitters linger

  03-01-2017 01:01
  
  Sentiment remains well below long-term average but above lows hit during 2008 financial crisis, according to Lloyds reportConfidence among British business executives has stabilised after hitting a four-year low in September, but firms still regard economic uncertainty as the biggest threat after the Brexit vote.The latest Business in Britain report from Lloyds Banking Group, which is published twice a year, shows the business confidence index rose to 14% from 12% in September.Continue reading..
  
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