Financial news

• The dark side of Britain’s gold rush: how corruption crept into our suburbs

  14-01-2017 22:42
  
  The super rich flooded into London after 2008. Illicit wealth has followedStand outside a north London private school when the bell rings at the end of the day and it soon becomes apparent how much some parts of the capital have changed in only a few decades.Scything through the chill of a January afternoon comes the chatter of excited children. But these children are not speaking English or French or German. They talk in languages that come from far further afield. Continue reading...
  
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• The government’s horrific start to the year is fully deserved and completely appropriate | Greg Jericho

  14-01-2017 22:00
  
  Despite Bronwyn Bishop’s choppergate, the government was slow to reform entitlements. Turnbull is very good at closing the door after the horse has bolted
  The government’s horrific start to the year is not only fully deserved, it is completely appropriate. The Centrelink shemozzle and entitlements abuses are a wonderful amalgam of the absence of respect for those on welfare and the tin-eared political nous which characterises this government. Let’s not pretend that Centrelink i
  
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• Silk Road route back in business as China train rolls into London

  14-01-2017 21:45
  
  After 16 days and 7,456 miles, the locomotive’s arrival heralds the dawn of a new commercial eraWhen the East Wind locomotive rumbles into east London this week, it will be at the head of 34 carriages full of socks, bags and wallets for London’s tourist souvenir shops, as well as the dust and grime accumulated through eight countries and 7,456 miles.The train will be the first to make the 16-day journey from Yiwu in west China to Britain, reviving the ancient trading Silk Road route
  
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• Water, water everywhere: utility firms get green light to sell beyond local regions

  14-01-2017 17:00
  
  Deregulation of the big water companies will allow them to sell to business clients all over the country. But will it really be good news for consumers?The biggest shakeup in the water industry since privatisation nearly 30 years ago will begin in April, with business customers for the first time allowed to shop around beyond their local supplier for the cheapest deal.For years, small and medium-sized businesses – along with consumers – have demanded the water industry be deregulated
  
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• Robotics, Trump and Brexit turn up the heat amid the snow of Davos

  14-01-2017 16:59
  
  The world is full of scary new problems for delegates at this year’s World Economic Forum - not that old ones like climate and poverty have gone awayDonald Trump’s US election victory and the UK’s vote to leave the European Union will cast a long shadow over the global elite’s annual gathering in the Swiss ski resort of Davos this week.This year, 3,000 politicians, business leaders, economists, entrepreneurs, charity leaders and celebrities will head to the World Economic
  
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• Patagonia, Black Diamond take on Utah officials over public land rights

  14-01-2017 14:30
  
  The outdoor industry is leading the fight to protect America’s public lands from being developed for gas and oilUtah, a state rich in epic landscapes and national parks, is becoming ground zero for a fight between the $646bn outdoor industry and state lawmakers over public land management.At a trade show for outdoor clothing and gear makers in Salt Lake City this week, two prominent figures from the industry called on their peers to move the semi-annual event out of the state unless Utah l
  
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• ‘I thought I’d bought my first home, but I lost £67,000 in a conveyancing scam’

  14-01-2017 08:00
  
  Howard Mollett is the victim of ‘Friday afternoon fraud’, an email scam that is the No 1 cybercrime in the legal sectorA charity worker buying his first home has had his £67,000 life savings stolen after fraudsters hacked into emails sent between him and his conveyancing solicitor.Howard Mollett’s case will send a shiver down the spine of anyone who is in the process of buying a home, or planning to do so, and comes hard on the heels of a warning from the solicitors&rsquo
  
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• A grand investment idea from Kevin McCloud, but it’s not without its risks

  14-01-2017 08:00
  
  The TV presenter is behind a mini-bond launch seeking backing for social and environmental housing schemesWould you be tempted to sign up for an investment offering an 8% return if Grand Designs frontman Kevin McCloud was involved in it?The Channel 4 presenter and designer is director of a company that has launched a £3m “mini-bond” scheme, which is basically a way of raising money from private investors. This one is targeting people looking for something “social and envi
  
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• 10 ways to cut your tax bill

  14-01-2017 08:00
  
  It’s a job we dread … filling in a tax return before the 31 January deadline. But here’s how to reduce what you oweFor many people this month means tackling one of the dreariest jobs of the year – filling in a tax return ahead of the 31 January deadline. But there are numerous ways that you can legally reduce your bill by using rebates and allowances, without resorting to dodgy tactics. Some are new tax breaks that have only come into force in recent years, while others
  
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• Should we invest in BP?

  14-01-2017 07:59
  
  We drive and fill up at their garages, but my wife won’t have itEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• EU’s gender ruling on car insurance has made inequality worse

  14-01-2017 07:59
  
  It said car insurance firms couldn’t discriminate between the sexes ... since then men have seen a four-fold rise in premiumsIn December 2012 the EU introduced controversial new rules insisting that car insurance companies no longer discriminate on the basis of gender. Until then, men were being routinely charged more than women, but after the European Court of Justice ruled that different premiums for men and women purely on the grounds of sex “were incompatible with the principle o
  
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• Moody's $864m penalty for ratings in run-up to 2008 financial crisis

  14-01-2017 07:53
  
  Payout to US justice department, 21 states and District of Columbia for risky mortgage securities ratings before stock market crashThe credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday.
  Moody’s reached the deal with the justice department, 21 states and the District of Columbia, resolving allegatio
  
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• Mitchells & Butlers feasts on spending bonanza with its best performance for three years

  14-01-2017 01:01 via feedproxy.google.com
  
  MITCHELLS & Butlers toasted a bumper festive period to raise hopes that pubs, restaurants and retailers are cashing in on consumer spending.
  
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• City News: British Gas, Lavendon and London Stock Exchange

  14-01-2017 01:01 via feedproxy.google.com
  
  BRITISH Gas owner Centrica has completed its withdrawal from wind power generation after selling its 50 per cent of the Lincs Wind Farm.
  
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