Financial news

• Fischer Energy joins UK retail market with 100% renewable offer

  15-01-2017 17:49
  
  New supplier hopes to sign up 40,000 single variable tariff customers in first year, two months after collapse of GB Energy UKThe ranks of the 40-plus energy companies jostling for householders’ business will swell on Monday with the launch of a new supplier that delivers electricity from windfarms.Fischer Energy hopes to sign up 40,000 customers in the first year to its single variable tariff, with renewable power bought from Denmark’s Dong Energy. Continue reading...
  
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• Bookmakers face losing their licence and huge fines over problem gambling

  15-01-2017 17:10
  
  Regulator to introduce tougher punishment for firms breaking rules governing responsible betting Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s regulator.The Gambling Commission will lay out its new enforcement strategy this month, detailing how bookmakers, casinos and online gaming companies who are deemed to have breached regulations wil
  
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• BlackRock demands cuts to executive pay and bonuses

  15-01-2017 14:39
  
  World’s largest fund manager threatens shareholder rebellions, warning UK companies they must match boardroom pay rises with that of workersThe world’s largest asset manager is threatening to unleash a fresh wave of shareholder rebellions in the UK unless Britain’s largest companies rein in excessive boardroom pay. Related: UK bosses make more in two and a half days than workers earn all yearContinue reading...
  
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• Norway’s $885bn-nil advantage in Britain’s sea of social troubles

  15-01-2017 13:51
  
  North Sea oil could have helped tackle the NHS crisis and pension liabilities by contributing to a sovereign wealth fund One of the most famous pieces of football commentary came at the end of a match in Oslo more than 35 years ago in which unfancied Norway beat England 2-1. Few fans could now name the Norwegian commentator, Bjørge Lillelien, but plenty remember the rant and how it ended: “Maggie Thatcher, can you hear me? Your boys took one hell of a beating.”The humiliation
  
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• Hammond threatens EU with aggressive tax changes after Brexit

  15-01-2017 13:29
  
  Chancellor tells German newspaper if Britain were closed off from markets it may abandon European-style social modelThe chancellor, Philip Hammond, has suggested Britain could transform its economic model into that of a corporate tax haven if the EU fails to provide it with an agreement on market access after Brexit.In an interview with the German newspaper Welt am Sonntag, Hammond said that if Britain were closed off from European markets after leaving the EU, it would consider abandoning a Eur
  
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• Blame capitalism, not corrupt aid, for fat cat charity chiefs

  15-01-2017 11:00
  
  The popular press often criticises high NGO salaries as misspent public money, but they merely reflect the world we live inNow that the UK is leaving the EU, the Daily Mail needs to find somebody else to blame for the state of the nation – and it looks as if the aid industry will be high on the hit list, with a recent string of articles attacking aid contractors, cash transfers, and CEO salaries.The Mail’s articles try to be hard-hitting, but those hits are strictly below-the-belt. T
  
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• Wetherspoon ready for a comeback?

  15-01-2017 08:00
  
  The ardent Brexiter and pub chain founder Tim Martin may just have the last laugh next weekTim Martin, founder of the JD Wetherspoon pub chain, does not do Davos – which is neat. The annual boondoggle in the Swiss Alps, which convenes again this week, is unlikely to deprive him of many of his regulars.Still, while the pub landlord will be in the UK and concentrating on preparing for Wednesday, when the group will give its trading statement, it seems likely a similar topic might dominate bo
  
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• If the City vs Brussels is like a game of Jenga, it’s possible both sides could lose

  15-01-2017 08:00
  
  Reports suggest the EU’s chief Brexit negotiator wants to agree a special deal for UK banking. The risks to both Britain and Europe of failing to do so are obviousWhat should Theresa May, when she speaks on Tuesday about her plans for the UK’s exit from the European Union – say about the City and financial services? As an opening pitch, she should take her cue from the governor of the Bank of England and remind the EU 27 that the UK – if only in this single commercial fie
  
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• A Mirror-Express merger would once have been huge. Now it’s just hugely depressing

  15-01-2017 08:00
  
  Fifty years ago the two titles sold nine million copies a day between them. That’s fallen to just over a million today. And this deal just delays the inevitableThe historically mighty Mirror Group and the equally mighty Express Group announce that they’re in takeover-cum-merger talks. The shades of Cecil King and Lord Beaverbrook shimmer with portent. It would have been a big story 50 years ago.Back then the Daily Mirror sold 5.1m copies a day. Now that’s 733,000. Back the
  
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• We planned a dream honeymoon, but Thomson turned it into a nightmare

  15-01-2017 07:59
  
  First our flight to Mexico was delayed, then our resort was ridiculously busy. Now Thomson won’t acknowledge our complaintLast March we flew from Gatwick to Cancún in Mexico for a 10-day honeymoon (booked with Thomson at a cost of £5,200) for which we had saved hard. Close to our destination we were told the plane was running out of fuel and could not wait around for the airport’s broken radar to be fixed. We were diverted 100 miles to Mérida airport.For five hour
  
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• Theresa May is trapped between a rock and a hard Brexit

  15-01-2017 07:59
  
  The prime minister’s simultaneous promises to exit the EU and look after the interests of Remainers simply cannot be given credenceTheresa May is hopelessly conflicted. Quite simply, she cannot reconcile her promise to look after the interests of those who voted Remain with her commitment to a hard Brexit. To put it another way, she cannot look after the interests of the 72% of “the people” (that is, including those under 18) who did not “speak” on 23 June.For hard
  
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• Skiing: shop around to hit the slopes but not your wallet

  15-01-2017 07:59
  
  Skiing holidays can be expensive, but there are many ways to reduce your costs, from accommodation to clothes, gear and foodAlthough a winter holiday on the slopes may sound like an unaffordable luxury for many, Lee White has found that the DIY approach works for his family – and saved him more than £2,000.The father-of-three from Redditch, near Birmingham, books his accommodation and travel independently, making the break much more affordable. “Rather than fly, we are going to
  
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• Our next Scandi import: organic ‘folk food’ for all

  15-01-2017 01:05
  
  EU pledges £9m to help Britain turn niche market mainstreamNever mind hygge, the new Danish buzzword is folkeligt and it’s going to give Britain’s organic food industry a Scandi makeover.Organic supremos in both nations are drawing up plans for a charm offensive after securing €10.4m (£9m) from the EU to turbocharge industry growth. Britons spend only a tiny portion of their food budget on organics, and the marketing push aims to bring them into line with the Danes,
  
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• Matt Damon and Shakira attends World Economic Forum

  15-01-2017 01:01 via feedproxy.google.com
  
  THIS week the Swiss town of Davos will play host to world leaders, captains of industry, bank chiefs, the heads of investment firms and regulators, as well as Jason Bourne actor Matt Damon and the singer Shakira.
  
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• How to break costs: Drive a hard bargain if changing your car

  15-01-2017 01:01 via feedproxy.google.com
  
  EVERYBODY loves getting behind the wheel of a brand-new car, the only thing stopping most of us is the cost.
  
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• Freeze your gas bill before cold sets in by switching energy providers

  15-01-2017 01:01 via feedproxy.google.com
  
  Millions of Britons could save £305 on their bills by switching energy providers, as the freezing weather begins to bite and ahead of expected price hikes from the biggest suppliers.
  
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• Food prices to soar after sterling collapse, warn retail chiefs

  15-01-2017 01:01 via feedproxy.google.com
  
  Food prices are set to rise as the protection policies that supermarkets currently have to shield them from the fallout of sterling’s collapse are close to expiring, retail chiefs warn.
  
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• Five minute guide to the surge in the UK stock market

  15-01-2017 01:01 via feedproxy.google.com
  
  THE FTSE 100 has embarked on an incredible winning streak to hit one record high after another either side of Christmas.
  
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• City News: Netflix and Microsoft look to expand as Asda begin staff cutback

  15-01-2017 01:01 via feedproxy.google.com
  
  NETFLIX's full-year pre-tax profits have rocketed 79.2 per cent to $254.7million , thanks to hits such as The Crown and Stranger Things, according to Wall Street analysts.
  
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