Financial news

• Sony Music Entertainment UK Ltd generated £198m in revenue over ... - Music Business Worldwide

  11-01-2017 22:09
  
  Music Business Worldwide
  Sony Music Entertainment UK Ltd generated £198m in revenue over ...
  Music Business Worldwide
  Sony Music Entertainment UK Ltd posted a £198.1m turnover in the year ending March 2016, MBW has discovered. According to new documents filed with ...en meer »
  
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• Sony Music Entertainment UK Ltd generated £198m in revenue over last ... - Music Business Worldwide

  11-01-2017 22:09
  
  Music Business Worldwide
  Sony Music Entertainment UK Ltd generated £198m in revenue over last ...
  Music Business Worldwide
  Sony Music Entertainment UK Ltd posted a £198.1m turnover in the year ending March 2016, MBW has discovered. According to new documents filed with Companies House, the major music company's UK base also recorded a post-tax profit of £14.1m.en meer »
  
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• Make high earners face their low-paid colleagues | Letters

  11-01-2017 21:14
  
  Re your article on Labour’s pay cap proposals (Why now and would it work?, 11 January), can I suggest an approach in line with today’s reality TV obsession? If a company boss or government department head decides that he, or she, is worth 20/50/500 times the average company or departmental wage, then the high earner should be given the opportunity to meet 20/50/500 of the said employees (for some businesses, such as City finance, it might be best for them to meet truly average earner
  
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• UK Law Body Backs Change To Definition Of Financial Advice - Law360 (subscription)

  11-01-2017 20:44
  
  UK Law Body Backs Change To Definition Of Financial Advice
  Law360 (subscription)
  Law360, London (January 11, 2017, 7:42 PM GMT) -- A major legal trade body backed the U.K. Treasury's plans to narrow the official definition of financial advice on Tuesday, amid concerns that firms will not informally advise smaller investors for fear ...
  
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• Mark Carney signals Bank of England may raise forecast for UK economy

  11-01-2017 20:34
  
  Governor tells MPs fears over impact of Brexit vote have receded and EU countries face greater risk than BritainThe Bank of England looks set to upgrade its forecasts for the UK economy after admitting that some of the risks posed by the Brexit vote last June have now receded.Giving evidence to the Treasury select committee, governor Mark Carney said the Bank’s actions to avoid a market meltdown after the referendum were a key reason why Threadneedle Street might be raising its forecasts f
  
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• Parody-defying World Economic Forum must do better

  11-01-2017 20:33
  
  Can anyone recall any vaguely memorable – or even heretical – pronouncements from last year’s event at Davos?It’s that time of the year when the world’s financial and business “elite” gather in an expensive Swiss ski resort to drink champagne and declare that they are terribly worried about global inequality. This parody-defying event is the World Economic Forum in Davos and, to create the correct veneer of earnest contemplation, the organisers publish a
  
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• Southern rail operator appeals to supreme court to block drivers' strikes

  11-01-2017 19:39
  
  Govia Thameslink Railway, which lost court case and appeal against strikes last year, says action by drivers’ union Aslef is unlawful under EU lawGovia Thameslink Railway is taking a legal case against drivers’ union Aslef to the supreme court over its industrial action on Southern rail.The move came on the second day of strike action by the union in a dispute over driver-only trains. A further strike will be held on Friday, with three more walkouts due at the end of the month. Conti
  
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• Lifestyle Choice Sinks Adult Daughter's Financial Provision Claim - Mondaq News Alerts (registration)

  11-01-2017 18:27
  Lifestyle Choice Sinks Adult Daughter's Financial Provision Claim
  Mondaq News Alerts (registration)
  We are all eagerly awaiting the Supreme Court's decision in Ilott v Mitson, but Ames v Jones, where an adult daughter's Inheritance (Provision for Family and Dependants) Act 1975 claim fell flat, suggests some are not holding their breath. Danielle ...
  
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• Christopher Leonard Participates In Post-Brexit Roundtable On UK Financial ... - Mondaq News Alerts (registration)

  11-01-2017 18:27
  Christopher Leonard Participates In Post-Brexit Roundtable On UK Financial ...
  Mondaq News Alerts (registration)
  Akin Gump financial regulatory partner Christopher Leonard participated in a post-Brexit briefing held by the Legatum Institute's Special Trade Commission on "how the UK's vibrant financial services sector can be best served in the Brexit negotiations ...
  
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• Brexit no longer poses the single biggest risk to the UK's financial stability, Mark ... - The Sun

  11-01-2017 17:23
  
  The Sun
  Brexit no longer poses the single biggest risk to the UK's financial stability, Mark ...
  The Sun
  BREXIT no longer poses the single biggest risk to the UK's financial stability, Bank of England governor Mark Carney finally admits. He said Britain's EU exit is in fact a greater threat to the financial stability of Europe than to our economy in a ...
  Carney: Brexit risks to financial system 'down'Sky News
  Mark Carney: Brexit no longer biggest UK financial threatPOLITICO.eu
  Mark Carney down
  
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• 'STORM IS COMING' Top economist warns financial disaster LOOMS as banks are NOT prepared

  11-01-2017 17:19 via feedproxy.google.com
  
  A SEVERE financial storm is going to hit and the Bank of England hasn't done enough to prevent a repeat of the last financial crisis, Sir John Vickers has warned.
  
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• Carney: Brexit risks to financial system 'down' - Sky News

  11-01-2017 17:03
  
  Sky News
  Carney: Brexit risks to financial system 'down'
  Sky News
  The Bank of England's governor tells MPs the implications of the EU vote are no longer the biggest risk to the financial system. 17:27, UK, Wednesday 11 January 2017. A cyclist rides past the Bank of England. Video: Bank governor's Brexit warning for EU.
  Brexit no longer poses the single biggest risk to the UK's financial stability, Mark ...The Sun
  Mark Carney: Brexit no longer biggest UK financial threatPOLITICO.eu
  Mark Carney d
  
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• Europe more at risk from hard financial Brexit than UK, says Mark Carney - The Independent

  11-01-2017 16:42
  
  The Independent
  Europe more at risk from hard financial Brexit than UK, says Mark Carney
  The Independent
  The European Union is at greater risk than the UK if the two parties are unable to agree a financial transition phase for the City of London after Brexit in 2019, the Governor of the Bank of England, Mark Carney, has warned. Giving evidence to the ...
  Carney: Brexit risks to financial system 'down'Sky News
  Brexit no longer poses the single biggest risk to the UK's financial stability, Mark .
  
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• ‘Debt is like fire': Martin Lewis's guide to using a credit card

  11-01-2017 16:33 via theguardian.com
  
  As household debt rises to near 2008 levels, the Moneysavingexpert founder reveals his top tips for keeping your cards under control• ‘It’s a financial cliff edge’: how Britain fell back in love with creditGet cashback Used wisely, credit cards can be a hugely powerful means of spending. If you can get cashback or rewards, like the 5% cashback for the first three months on an American Express Platinum Cashback Credit Card, you are effectively getting paid to spend. Continu
  
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• 'It's a financial cliff edge': how Britain fell back in love with credit cards

  11-01-2017 16:33 via theguardian.com
  
  Consumers are partying like it’s 2007 when it comes to credit. So how did we get back to living on the never-never? • ‘Debt is like fire’: Martin Lewis’s tips for managing your cardsFor more than half a million Britons, January provides the mother of financial hangovers. The darkness of the days is compounded by the need to trawl the internet to find a new home for credit card debts swollen by the Christmas spending orgy.For some it is an annual ritual that keeps the
  
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• Foxtons profits PLUNGE amid fears of a London property crash

  11-01-2017 13:08 via feedproxy.google.com
  
  SHARES in Foxtons plummeted by nine per cent, after the London estate agent today revealed a heavy hit to profits amid a downturn in the capital's housing market.
  
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• Dangerous business: what to do if a product you use has been recalled

  11-01-2017 12:42 via theguardian.com
  
  From dodgy food to melting phones, it’s worth knowing what your rights are when it comes to faulty goods
  Overheating phones, exploding car airbags and tumble dryers that catch fire – all products that have recently led to safety alerts and, in some cases, recalls.The exploding airbags supplied by Japan’s Takata to multiple car manufacturers across the globe led to one of the largest product recalls in history. It began in 2008 and is still going on, affecting 100m airbag inflat
  
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• Are Americans more ready to accept inequality?

  11-01-2017 09:40
  
  A study suggesting US citizens are more likely than Scandinavians to see inequality as fair could explain Donald Trump’s win As Donald Trump prepares to move into the White House, you may still be wondering how the billionaire Republican managed to win the US election while simultaneously promising tax cuts for the richest and claiming to be on the side of workers.Academics in Scandinavia think they may have the explanation. It comes down to how far Americans are happy to accept inequality
  
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• The women-led startups smashing the glass ceiling

  11-01-2017 09:22
  
  Just 19% of serial entrepreneurs are women and business investment is controlled largely by men – but things are changingRead more in our serial entrepreneurs mini-series“What’s the appeal of entrepreneurship? Personally, it’s freedom. I don’t have to be at work at 9am or take lunch at 1pm. I can opt out of the things I don’t like,” says Natalie Campbell, serial entrepreneur and co-founder of consultancy A Very Good Company.Campbell started her first ven
  
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• Homes for post-festive belt-tightening – in pictures

  11-01-2017 08:00 via theguardian.com
  
  Rein it in in style this January with a selection of properties that are all less than £145,000 Continue reading...
  
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• Govia withholds compensation from delayed rail customers

  11-01-2017 08:00 via theguardian.com
  
  The firm behind Southern and Thameslink admits a series of erroneous letters were sent to claiming customersBritain’s most vilified train company Govia, the firm behind strike-ravaged Southern and other poorly performing franchises, has admitted it has been wrongly telling customers they are not entitled to delay compensation as a result of a “computer glitch”.Related: Rail franchise mandarin's board gave Southern contract to client of his companyContinue reading...
  
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• Fake IT support scammers accessed my online payments – and are still calling

  11-01-2017 08:00 via theguardian.com
  
  After a simple search for ‘Yahoo email help’, my computer and credit card were compromisedIn October 2015 I had a problem accessing my Yahoo email account. I Googled “Yahoo email help” and the first entry was an 0800 number, which I rang. The person I spoke to took me through a series of actions which appeared to give him access to my computer, and the problems were solved. Naively I agreed to pay online as the person I was speaking to had access to my computer, and &poun
  
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• Bovis accused of pressuring buyers to move into unfinished homes

  11-01-2017 08:00 via theguardian.com
  
  House builder, which issued a profit warning in late December, says no buyers were forced to move in before ChristmasBovis Homes has been accused of pressuring customers to move into unfinished houses before Christmas by offering them cash incentives, a week before it issued a profit warning.Several Bovis customers said they had been offered cheques of £2,000 to £3,000, or other incentives, if they completed on their house purchases before 23 December.Continue reading...
  
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• UK financial sector could lose 200000 jobs over Brexit uncertainty, MPs told - Gibraltar Chronicle

  11-01-2017 06:46
  Belfast Telegraph
  UK financial sector could lose 200000 jobs over Brexit uncertainty, MPs told
  Gibraltar Chronicle
  The UK's powerhouse financial sector would face heightened risk and an exodus of 232,000 jobs without certainty over Britain's Brexit deal, MPs in the House of Commons have heard. Xavier Rolet, chief executive of the London Stock Exchange Group (LSE), ...
  UK's financial sector could shed 10000 jobs over Brexit uncertainty, MPs toldBelfast Telegraph
  UK financial leaders renew B
  
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• Value of reported fraud in UK financial services falls sharply - Financial Times

  11-01-2017 06:32
  Financial Times
  Value of reported fraud in UK financial services falls sharply
  Financial Times
  The value of reported fraud in the UK's financial services sector has fallen sharply by more than 62 per cent to £214.9m in 2016, according to a new analysis by ...en meer »
  
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• Rail franchise mandarin's board gave Southern contract to client of his company

  11-01-2017 01:01
  
  Peter Wilkinson held role at Department for Transport while owning stake in FCP, a consultancy that had been advising GoviaThe civil servant who awarded Southern its rail franchise made the decision to do so while owning a large share in a consultancy that had been advising the troubled operator’s parent company.Peter Wilkinson, who had been hired by the Department for Transport (DfT) to act as its franchising director, was involved in awarding the Southern, Thameslink and Great Northern f
  
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