Financial news

• Ireland says has fielded over 100 inquiries from UK financial firms - Reuters UK

  17-01-2017 20:58
  
  Reuters UK
  Ireland says has fielded over 100 inquiries from UK financial firms
  Reuters UK
  Ireland's Minister for Finance Michael Noonan gestures on the steps of Government Buildings in Dublin, Ireland October 11, 2016. REUTERS/Clodagh Kilcoyne. DUBLIN Ireland's central bank has had over 100 inquiries from UK financial firms considering ...en meer »
  
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• Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley

  17-01-2017 20:50
  
  The engineering giant has admitted the scale of the scandal in court – but we must still ask who knew what, and whenFor Rolls-Royce, the company, the book is now almost closed. It has apologised “unreservedly” in court for the bribery and corruption in its midst in the period 1989 to 2013. It will pay £671m in penalties, the lion’s share in the UK. It has changed its senior management. And, under the terms of the deferred prosecution agreement (DPA) with the Serious
  
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• Financial watchdog warns UK facing £30 billion bill every decade to pay for NHS ... - Telegraph.co.uk

  17-01-2017 19:43
  
  Telegraph.co.uk
  Financial watchdog warns UK facing £30 billion bill every decade to pay for NHS ...
  Telegraph.co.uk
  Britain's ageing population will cost the UK £30 billion every decade in increased NHS, pensions and social care costs over the next 50 years and put pressure on the Chancellor's pledge to cut the deficit, a report has warned. The Office for Budget ...en meer »
  
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• Pound soars but FTSE falls after Theresa May's Brexit speech

  17-01-2017 19:37
  
  Sterling makes biggest one-day gain against dollar since 1998, but analysts say rally likely to be temporaryThe pound has clocked up its biggest one-day gain against the dollar since 1998 as traders seized on Theresa May’s pledge that parliament would vote on any Brexit deal and welcomed some clarity on the government’s plans for leaving the EU.The FTSE 100 headed in the other direction, recording its biggest daily fall since the immediate aftermath of the Brexit vote in June. The sh
  
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• Rolls-Royce apologises in court after settling bribery case

  17-01-2017 19:23
  
  Settlement of £671m means engineering giant will avoid being prosecuted by anti-corruption investigators in UK, US or BrazilThe engineering giant Rolls-Royce has apologised after it was found to have paid bribes including a luxury car and millions of pounds’ worth of cash to middlemen to secure orders in six countries, including Indonesia, Russia and China.Britain’s leading multinational manufacturer made the admissions on Tuesday at the high court in London, a day after it was
  
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• 'Our growth is at stake': business community reacts to hard Brexit

  17-01-2017 19:04
  
  Theresa May is only at the start of discussions about trade, immigration and investment. We speak to a number of experts about what happens nextThe prime minister could not have given a clearer message. But a departure from the single market is a defeat for businesses that have been lobbying for as free and easy an access to the single market as possible. Continue reading...
  
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• Southern rail strikes suspended as two sides agree to TUC talks

  17-01-2017 18:42
  
  Union members had planned three-day walkout next week that would have brought Southern’s services to a halt A strike by train drivers on Southern rail planned for next week has been suspended and talks announced, raising fresh hopes of a resolution to the long-running dispute.The TUC will host talks from Wednesday between Southern’s owner, Govia Thameslink Railway (GTR), and the train drivers’ union Aslef. Continue reading...
  
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• Time to cash in: spend your paper £5 notes now

  17-01-2017 18:25
  
  From May, your old money won’t be legal tender and may not be accepted in shops. Here’s what to do if you are stuck with someYou may be hanging on to your rumpled old fivers out of affection for a simpler time when you didn’t have to worry about the meat content of your wallet. But that time is up, folks. You must spend those retro paper £5 notes now or, come May, face the kind of shame usually reserved for those who try to spend Scottish notes south of the border.On Frid
  
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• No guarantee of help for disabled passengers, says Southern

  17-01-2017 18:19
  
  Train maps no longer specify stations where passengers needing assistance can turn up and travelSouthern rail users with disabilities face delayed journeys or the prospect of no longer being able to board some trains after the company said there was no “cast-iron guarantee” that assistance would be available at all stations.Southern has admitted it may have to book taxis for disabled travellers who cannot complete their journey because the only member of staff on the train is the dri
  
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• UK Prime Minister's Speech Points to Banks Losing Financial 'Passport' - Wall Street Journal

  17-01-2017 18:08
  
  Financial Tribune
  UK Prime Minister's Speech Points to Banks Losing Financial 'Passport'
  Wall Street Journal
  British Prime Minister Theresa May confirmed on Tuesday what many London-based financiers had predicted for months: U.K.-based banks will almost certainly lose their ability to “passport” into the European Union after Brexit. In her first detailed ...
  BMW Urges UK to Retain EU Tariff-Free TradeFinancial Tribunealle 3.876 nieuwsartikelen »
  
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• OAPs are using their homes to top up retirement spending

  17-01-2017 17:00 via feedproxy.google.com
  
  Older British homeowners are withdrawing nearly £6million worth of property equity every day to bolster their retirement spending.
  
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• Southern rail: could more commuters claim a credit card refund?

  17-01-2017 14:20
  
  One passenger recovered half his season ticket cost from Amex. We examine the chances of others following himSeason ticket holders on strike-hit train lines could be in line for thousands of pounds in compensation after one commuter successfully claimed £2,400 back from his credit card company.The regular commuter on Southern trains, known only as “Sean”, applied to American Express for a 50% refund claiming non-delivery of the service. But how did he manage it, and does this m
  
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• UK inflation: now it's the pound in your pocket being devalued

  17-01-2017 13:25
  
  The two-year window in which pay rises briefly outstripped inflation is well and truly over. Time to brace for higher prices and static wages Inflation is about to do at home what currency movements have done to your holiday money abroad – devalue the pound in your pocket.Rising air fares, more expensive food and a bump in the cost of fuel at the pumps pushed inflation to 1.6% in December, effectively ending a brief two-year period when wages outstripped price rises by a wide margin. Conti
  
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• MOVES-HSBC hires Maskell for financial sponsors role - London South East (registration) (blog)

  17-01-2017 13:19
  MOVES-HSBC hires Maskell for financial sponsors role
  London South East (registration) (blog)
  LONDON, Jan 17 (IFR) - HSBC has hired Alexis Maskell from Deutsche Bank to head its account coverage within its financial sponsors group. HSBC said in a memo to staff seen by IFR that Maskell will report to Gilles Collombin, head of its financial ...en meer »
  
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• Pound LIVE: Sterling surges as Theresa May reveals Single Market EXIT in Brexit speech

  17-01-2017 12:36 via feedproxy.google.com
  
  THE pound leapt against the dollar and the euro amid a pivotal Brexit speech by Theresa May, marking the currency's largest jump since July, but the FTSE 100 has stumbled.
  
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• Davos without Donald Trump is like Hamlet without the prince

  17-01-2017 11:29
  
  US president-elect’s protectionism and populism stir debate and soul-searching as a sense of change fills the Alpine airHamlet without the prince. That, bluntly, is how Davos feels this year.The usual caravan of business leaders, academics, clerics, journalists and celebs has trekked up into the high Alps for their annual January get-together, but the man everyone is talking about is 3,000 miles away awaiting his inauguration in Washington later this week. Continue reading...
  
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• UK inflation hits two-year high of 1.6%

  17-01-2017 11:13
  
  Air fares, imported raw materials, food and petrol price rises plus Brexit-fuelled fall in pound will squeeze family finances in 2017Inflation has jumped to the highest rate for two-and-a-half years, hitting 1.6% as the pound’s sharp drop since the Brexit vote continues to push up costs in the UK.Official figures for December showed air fares, food prices and fuel all helped to drive the rise from 1.2% in November. The December rate, as measured on the consumer prices index (CPI), was the
  
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• East of England drives November house price growth: UK HPI - Financial Reporter

  17-01-2017 10:55
  
  Financial Reporter
  East of England drives November house price growth: UK HPI
  Financial Reporter
  House prices rose by 6.7% in the year to November 2016, up from 6.4% in the year to October 2016, according to the latest UK House Price Index from the ONS and Land Registry. The average UK house price was £218,000 in November 2016. This is ...en meer »
  
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• Cost of living jumps to two-year high as inflation hits 1.6 per cent

  17-01-2017 10:36 via feedproxy.google.com
  
  THE cost of living in Britain has jumped to its highest level in two and a half years, thanks to the rising price of food and air fares.
  
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• GOLD RUSH: Gold prices SOAR ahead of May's Brexit speech as markets set for usual panic

  17-01-2017 09:36 via feedproxy.google.com
  
  THE price of gold has jumped by more than one per cent as nervous traders pile into the investment safe haven ahead of a speech by the Prime Minister.
  
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• BRIEF-UK subprime lender Provident Financial sees FY results in-line with ... - Reuters

  17-01-2017 09:05
  
  BRIEF-UK subprime lender Provident Financial sees FY results in-line with ...
  Reuters
  ... * Group expects to report results for 2016 in line with market expectations, with each business meeting its internal forecast. * Vanquis Bank delivered Q4 new account bookings ahead of prior year. * Total new account bookings for 2016 were 406,000 ...
  
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• Make it personal, don’t bombard them: How to approach brand buyers

  17-01-2017 08:15
  
  While startups use many strategies to get in front of the buyers of major retailers, knowing the market inside out is essential
  When a major retailer lists a startup’s products, it can be the turning point. Sudden exposure to a much larger audience often provides a catalyst for next-stage business growth. However, the stumbling block for many aspiring entrepreneurs is making the initial connections with those all-important big brand buyers.“Buyers do want to engage with interesting s
  
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• Debenhams fails to deliver Christmas flowers and ignores my complaint

  17-01-2017 08:00
  
  I’ve called and emailed but it can’t be bothered to respondPlease help me get an explanation for the non-delivery of a Christmas bouquet from Debenhams Flowers. I am on a mailing list and there was a half-price offer (£25 rather than £50), so I bought a festive centrepiece. On 25 November I placed the order, which was to be delivered two days before Christmas. I received an email saying it had been despatched, including a link to delivery company DX, but the flowers did n
  
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• UK Worst for Jobs, Pay, Living Standards - Financial Tribune

  17-01-2017 01:31
  
  Financial Tribune
  UK Worst for Jobs, Pay, Living Standards
  Financial Tribune
  Britain ranks one of the worst advanced countries for employment opportunities, pay, living standards and social inclusion. That is according to the World Economic Forum, which released a major new report entitled “WEF Inclusive Growth and Development ...en meer »
  
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• World's largest tobacco firm formed by BAT £40.8bn takeover of US rival Reynolds

  17-01-2017 01:00 via feedproxy.google.com
  
  DUNHILL and Lucky Strike firm British American Tobacco has agreed a £40.8 billion takeover of US rival Reynolds in a deal creating the world's largest listed tobacco company.
  
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• Rolls-Royce pays £671 MILLION to settle CORRUPTION CLAIMS

  17-01-2017 01:00 via feedproxy.google.com
  
  ROLLS-ROYCE has agreed to pay £671 million to British, US and Brazilian authorities to settle bribery and corruption claims.
  
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