Financial news

• Upper reaches of music industry 'a man's world', diversity study finds

  09-01-2017 22:28
  
  UK Music taskforce finds that women make up 59% of entry-level business roles, but only 30% of senior executivesThe upper ranks of the UK’s music industry are still “a man’s world”, with women in only 30% of senior executive roles despite making up more than half of entry-level positions.The findings appear in the most comprehensive diversity survey of the business side of the music industry to date. Examining the balance of gender and ethnicity in record labels and publi
  
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• Green Investment Bank sale should raise red flags for Theresa May

  09-01-2017 20:53
  
  The UK government is powerless to stop Australia’s Macquarie from selling off assets and using the proceeds elsewhereWhen it was launched by the coalition government in 2012, the Green Investment Bank seemed to be George Osborne’s sop to the Liberal Democrats and their heretical ideas about industrial strategies.A state-funded bank that isn’t a bank – GIB is an investor in hard-to-finance green projects – didn’t sound like an adventure that would carry the lon
  
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• Pound falls to 10-week low after Theresa May's Brexit comments

  09-01-2017 20:17
  
  FTSE 100, however, records eighth day of record highs in a row, its longest run in almost 20 yearsThe pound has fallen to a 10-week low after Theresa May fuelled concerns that UK exporters faced the loss of unfettered access to the European Union’s major economies under a hard Brexit.Over the weekend May said she wanted the best possible deal for leaving the EU, but dismissed the idea that the UK could “keep bits of membership”, which appeared to quash hopes of retaining access
  
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• Cakes, sashes, gifts ... the rise of the divorce-celebration – in pictures

  09-01-2017 18:36
  
  January is a common time of year for couples to split. For many it’s a painful process – but not everyone sees it that way. We look at the UK small businesses offering touching, humorous and memorable products to mark new beginnings Continue reading...
  
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• Detroit auto show 2017 – in pictures

  09-01-2017 18:07
  
  The annual motor show in Detroit is one of the largest and glitziest in North America, with hundreds of thousands of people attending to inspect the newest vehicles to hit the market Continue reading...
  
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• FBI arrests Volkswagen executive on fraud conspiracy charges

  09-01-2017 13:59 via feedproxy.google.com
  
  THE Federal Bureau of Investigation has arrested a Volkswagen AG executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday.
  
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• Dieselgate: UK motorists file class-action suit against VW

  09-01-2017 13:21
  
  Greenpeace and Which? welcome move by 10,000 Volkswagen owners for £3,000 in compensation as carmaker faces bill as high as £3.6bnThousands of British motorists have launched a lawsuit against Volkswagen over the “dieselgate” emissions scandal, in a claim that could end up costing the carmaker billions of pounds.The group of 10,000 VW owners has filed a class action lawsuit against the German car firm, seeking £30m, or £3,000 each. Continue reading...
  
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• My new year forecast: Trumpian uncertainty, and lots of it

  09-01-2017 12:59
  
  Which policies Trump will pursue remains unknown, to say nothing of which will succeed or what the consequences will beEvery January, I try to craft a forecast for the coming year. Economic forecasting is notoriously difficult but, notwithstanding the truth expressed in Harry Truman’s request for a one-armed economist (who wouldn’t be able to say “on the other hand”), my record has been credible.In recent years, I correctly foresaw that, in the absence of stronger fiscal
  
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• The iPhone at 10: evolution of the Apple smartphone - in pictures

  09-01-2017 12:31
  
  Apple CEO Steve Jobs kicked it all off in 2007, but since then the iPhone has seen size, shape, capability and feature changes, from apps, Siri, retina screens, waterproofing and headphone socket removal. Here’s how the iPhone has evolved over the last 10 years. Continue reading...
  
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• UK house price average surges by £4,000 in December

  09-01-2017 12:20
  
  Rise of 1.7% takes 2016 increase to 6.5%, pushing ratio of prices to earnings to just shy of pre-financial crash all-time highThe average UK house price surged by nearly £4,000 in December in the fastest acceleration in values since the Brexit vote, according to Halifax.
  Prices rose by 1.7% in December alone, reaching a new all-time high of £222,484 and pushing the ratio of house prices to earnings to 5.81, just shy of its all-time high of 5.83 in July 2007 before the financial crisi
  
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• Anti-Brexit City bosses face grilling from MPs over scare-mongering claims

  09-01-2017 11:43 via feedproxy.google.com
  
  SCARE-MONGERING city bosses who urged customers to reject Brexit will face a grilling by MPs over claims they exaggerated the impact leaving the European Union would have on the economy.
  
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• FTSE hits record high as Theresa May says we will leave single market

  09-01-2017 11:35 via feedproxy.google.com
  
  THE dollar edged higher on Monday, boosted by robust US wage growth data strengthening the case for more Federal Reserve interest rate increases, while Britain's pound fell on Prime Minister Theresa May's hint at no membership of the EU's single market.
  
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• UK Financial Conduct Authority seeks to regulate consultants - IPE.com

  09-01-2017 10:42
  
  UK Financial Conduct Authority seeks to regulate consultants
  IPE.com
  The UK's Financial Conduct Authority (FCA) is seeking regulatory powers over investment consultants following a damning review of the sector. The regulator has also called for an investigation by the Competition and Markets Authority (CMA) into the ...en meer »
  
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• LLOYDS SELL-OFF: Treasury reduces stake in bailed-out bank to under 6 per cent

  09-01-2017 08:46 via feedproxy.google.com
  
  THE Government has reduced its stake in Lloyds Banking Group to less than six per cent, meaning the taxpayer is no longer the group's largest shareholder and takes the lender one step closer to being returned to private hands.
  
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• On Divorce Day: is your business protected?

  09-01-2017 08:40
  
  The first working Monday of the year is dubbed Divorce Day by family lawyers, but if you’re in business with your partner, things can get complicatedA divorce is one of those things you don’t anticipate, plan or want to be party to. It’s tough to go through, especially when children are involved, but throw a business into the mix and there will be even more to consider. In an ideal world, you will have a pre- or post-nuptial agreement, your house ownership will be clearly docum
  
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• How can we get our ‘refundable’ deposit back from Hire Booking Centre?

  09-01-2017 08:00
  
  We returned our campervan undamaged but we are still owed £1,250In October we hired a campervan from Hire Booking Centre, which operates out of the same address as Motorholme which you have written about before. We had to pay a £1,250 refundable deposit. We returned the vehicle but, despite repeated requests, are still waiting for our deposit. The van was signed off as being undamaged so there are no problems on that front. On my most recent call I was told the issue was with the fin
  
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• Fancy a career change? Look before you make your leap

  09-01-2017 08:00
  
  There are steps you can take to help maximise your chances of success. We talk to four people who flourished after stepping into the unknownToday is the first working Monday in January, the most popular day of the year to make a job application, according to recruiters. Agency Reed says more than four million people are expected to kick off their job search this week, and many of them may have more than just a new post in mind. According to research by Standard Life, more than half of UK workers
  
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• Am I eligible to work in an internship as an international student?

  09-01-2017 08:00
  
  As well as potential visa restrictions, I’m struggling to discover intern opportunitiesTwice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.I am an international student planning to study in the UK with a view to a career in fashion. According to my visa (Tier 4), as I understand it, I am
  
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• UK office workers spend £350 a year on tea and leaving presents

  09-01-2017 01:01
  
  The cost to the British employee of being in an office is more than £14,000 during their working life, according to researchThe typical British employee can expect to spend more than £14,000 during their working life on the daily costs of being in the office, including afternoon tea runs, cards and gifts for leaving colleagues and sponsorship for co-workers’ charitable pursuits, according to research. A survey of 2,000 office workers across the UK found that the combined cost o
  
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