Financial news

• Davos 2017: Soros says UK in denial over Brexit, and May won't last – Day Three as it happened

  19-01-2017 22:11
  
  Billionaire George Soros tells a dinner in Davos that inflation will drive down living standards in UK, that Trump will fail, and that Europe is too complicatedLatest: Soros says Brexit will hurt, and bring down MaySoros: Trump will failOxfam, OECD, Panama on tax avoidanceHammond: Brexit fog is liftingKhan says Europe won’t get City jobs after BrexitMay speech: UK will play global leadership role9.11pm GMTHere are some of the key quotes from George Soros, for those who missed his interview
  
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• Is the City of London going to hell in a Brexit handcart?

  19-01-2017 20:41
  
  Shifting banking jobs out of London to Frankfurt or Paris is not the pre-Brexit start of the City’s demise. But in the Trump era, any move to New York might beIs the City of London going to hell in a Brexit handcart? If you believe so, you might point to the growls from the bankers in Davos about shifting jobs to the continent. We could move 1,000 roles, says HSBC, with Paris the main beneficiary. Same figure for us, replies UBS, but possibly Frankfurt and Madrid. Meanwhile, Goldman Sachs
  
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• Big six energy suppliers warned not to raise prices any time soon

  19-01-2017 20:08
  
  Ofgem tells companies they should be as slow as passing on a recent 15% hike in wholesale prices as they were in passing on recent price fallsThe regulator Ofgem has warned the big six energy companies against raising prices in spring, despite a 15% increase in their costs.It said rising wholesale gas and electricity prices were largely to blame for driving costs upwards, along with renewable energy subsidies. But its chief executive, Dermot Nolan, said this was not an excuse for tariff hikes.Co
  
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• May: Financial Services of 'Huge Value' to UK Economy - Bloomberg

  19-01-2017 18:36
  
  Bloomberg
  May: Financial Services of 'Huge Value' to UK Economy
  Bloomberg
  U.K. Prime Minister Theresa May addresses the importance of London's financial services to the U.K. economy amid her plans to build a "truly global Britain." She speaks with Bloomberg Editor-in-Chief John Micklethwait from the World Economic Forum in ...
  
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• Pound LEAPS against euro as ECB boss sticks by money-printing to save the eurozone

  19-01-2017 18:21 via feedproxy.google.com
  
  THE pound has jumped against the euro, after Mario Draghi hinted the European Central Bank could increase the size and length of its already huge money-printing programme.
  
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• 6 million victims of financial fraud in the UK - The Actuary

  19-01-2017 18:21
  The Actuary
  6 million victims of financial fraud in the UK
  The Actuary
  It has been found that 12% of UK adults (5.9 million people) have been victims of financial fraud, with one in 10 saying that at least one of their online accounts has been hacked according to Gocompare.com. 19 JAN 2017 | CHRIS SEEKINGS. Financial ...en meer »
  
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• 'Germany HAS benefitted' Euro bank boss defends policies amid furious German criticism

  19-01-2017 18:11 via feedproxy.google.com
  
  MARIO Draghi has been forced to defend his monetary policies from an onslaught of criticism in Germany, as the two sides continue to bicker over the best way to save the eurozone economy.
  
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• UK Financial Crime Crackdown Hints At US-Style Prosecution ... - Law360 (subscription)

  19-01-2017 18:04
  
  UK Financial Crime Crackdown Hints At US-Style Prosecution ...
  Law360 (subscription)
  As the U.K. looks to toughen up on corporate economic crime, lawyers say enforcers are building on similar efforts to tackle bribery and tax evasion with an eye ...en meer »
  
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• Bank jobs leaving UK? Some in financial sector blast 'Brexodus' buzz - MarketWatch

  19-01-2017 18:01
  
  MarketWatch
  Bank jobs leaving UK? Some in financial sector blast 'Brexodus' buzz
  MarketWatch
  Here's another sign that Brexit is getting real: Big banks are revealing plans to shift workers from London to other European cities. U.K.-based HSBC HSBA, +0.07% HSBC, -0.92% expects to move about 1,000 staff out of London to Paris, and Switzerland's ...
  UK minister: No decision yet on best Brexit financial services dealNasdaqalle 709 nieuwsartikelen »
  
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• Brexit jitters mean less junk mail (and less money for the Royal Mail)

  19-01-2017 17:28
  
  Shares fall as postal service says drop in volume of profitable advertising mail and business post is denting income just as weakened pound raises air mail billRoyal Mail’s share price has fallen after uncertainty over the UK’s future relationship with the European Union curbed the amount of junk mail and business letters being sent.While group revenues were flat for the nine months to 25 December, the postal service said correspondence in the business world had slowed. Continue read
  
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• May and Hammond fail to win new fans among tough Davos crowd | Larry Elliott

  19-01-2017 16:28
  
  While the PM tried to strike a conciliatory chord, Europe will view the chancellor’s harsher tone as an empty threatDavos is normally one of the easier gigs of the year for the prime minister. It is the perfect stage on which to trumpet what HM Government is doing about the burning issue of the day: developing country debt, climate change or getting tough on tax havens. In recent years, Tony Blair, Gordon Brown and David Cameron have all gone down a storm at the Glastonbury for global capi
  
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• Barclays: UK will still be the 'financial lungs' of Europe - Daily Mail

  19-01-2017 15:52
  
  Daily Mail
  Barclays: UK will still be the 'financial lungs' of Europe
  Daily Mail
  The City of London will still be the 'financial lungs' of Europe after Brexit, Barclays chief executive Jes Staley has said. In separate remarks, the bank's chairman John McFarlane also said the UK government supported a three year transition deal on ...
  Barclays chief says Britain will stay as the 'financial lungs' of Europe post-BrexitExpress.co.ukalle 17 nieuwsartikelen »
  
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• Friday afternoon conveyancing fraud, plus the merits of 10-year mortgages

  19-01-2017 15:49 via theguardian.com
  
  Also, homes in which to sit out the perils of 2017 and our Consumer Champions do battle with Thomson and Virgin Trains
  Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• Chinese company Alibaba signs deal to be major sponsor of Olympic Games

  19-01-2017 14:41
  
  • 11-year deal could be worth over $1bn to International Olympic Committee
  • Alibaba joins McDonald’s, Coca-Cola and Visa as leading sponsorsWhen the Chinese businessman Jack Ma set up a fledgling e-commerce site in 1999 he called it Alibaba, drawing on the universal appeal of the One Thousand And One Nights character and his cry “Open Sesame”, which unlocked a cave containing vast treasures. It proved a prescient decision, as Alibaba become one of the world’s r
  
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• EU TAX WAR: Merkel's finance chief warns Theresa May NOT to compete with EU over Brexit

  19-01-2017 14:40 via feedproxy.google.com
  
  BRITAIN must not reduce corporate taxes to gain a competitive advantage over the European Union as the UK gears up to leave the bloc, German finance minister Wolfgang Schaeuble has warned.
  
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• EU WILL FAIL if leaders don't sort post-Brexit Eurozone, JP Morgan boss Jamie Dimon warns

  19-01-2017 14:20 via feedproxy.google.com
  
  EUROPE is close to falling apart because political leaders are not fixing the problems that caused Britain to vote out of the European Union , the boss of one of Wall Street's biggest banks has warned.
  
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• Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty

  19-01-2017 14:15
  
  US firm slows London hiring as City employers including HSBC and UBS warn they will have to relocate staff out of BritainGoldman Sachs has suspended plans to move key operations from the US to London because of the uncertainty created by the vote to leave the EU. The Wall Street firm – in the midst of building a new £350m London headquarters – had been preparing to shift more of its global operations and IT activities from New York, but now appears to have embarked on a hiring
  
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• It’s time to rewrite the rules of economics to end the growing chasm of inequality | Liam Byrne

  19-01-2017 12:24
  
  We’ve launched an all-party group, with leading thinkers from across society, to reject the flawed orthodoxy of shareholder value and trickle-down economicsThe debate taking place between the snow-topped peaks of Davos this week will be dominated by one issue and one issue alone, the surge in inequality. In a democracy, anger isn’t abstract. As both the vote for Brexit and the election of Donald Trump show, it turns up on polling day.In the US, new research shows that in the rust-bel
  
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• UK crime stats show 40% percent increase in financial fraud - Access Ai

  19-01-2017 11:47
  
  City A.M.
  UK crime stats show 40% percent increase in financial fraud
  Access Ai
  ONS crime figures show a three percent annual increase in fraud crimes in the UK, making it the most commonly experienced offence. According to new data published today by the Office for National Statistics, there were an estimated 3.6m fraud and 2m ...
  Official UK crime statistics from the ONS show massive increase in financial ...City A.M.alle 59 nieuwsartikelen »
  
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• Official UK crime statistics from the ONS show massive increase in financial ... - City A.M.

  19-01-2017 11:04
  
  City A.M.
  Official UK crime statistics from the ONS show massive increase in financial ...
  City A.M.
  I'm the deputy digital editor at City A.M., covering breaking news in all sector [..] Show more. Follow Caitlin. Cashless Payments Overtake The Use Of Notes And Coins. Card fraud has increased in the UK (Source: Getty). Caitlin Morrison. Fraud was the ...
  UK crime stats show 40% percent increase in financial fraudAccess Aialle 43 nieuwsartikelen »
  
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• City News: Burberry boosted, EE fined and Ladbrokes defy the gambling gods

  19-01-2017 10:56 via feedproxy.google.com
  
  BURBERRY hailed an “exceptional” performance in the run-up to Christmas as tourists to the UK used the extra spending power from a weak pound to snap up luxury goods.
  
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• Shares in leading publisher Pearson plummet by 30% after profit warning

  19-01-2017 10:30 via feedproxy.google.com
  
  OVER £1.7billion was wiped from the value of Pearson yesterday as the publishing and education giant warned of lower-than-expected profits for the next two years and lower dividend payouts.
  
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• Barclays boss: UK will remain financial lungs of Europe - BBC News

  19-01-2017 09:55
  
  BBC News
  Barclays boss: UK will remain financial lungs of Europe
  BBC News
  Jes Staley, chief executive of Barclays, says the UK will continue to be the "financial lungs" of Europe even after it leaves the EU. Speaking to BBC business editor Simon Jack at the World Economic Forum in Davos, he adds that not so long ago "no-one ...
  
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• The Trump effect has rallied US markets – but it's based on illusion | Robert Shiller

  19-01-2017 09:46
  
  The perception that the president-elect is a business genius and too much focus on the Dow Jones have led to excessive optimismSpeculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.In the US, two illusions have been important recently in financial markets. One is the carefully nurtured perception that President-elect Donald Trump is a b
  
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• ‘Catastrophically poor judgement’ Wetherspoon boss angry at ’semi-religious’ faith in EU

  19-01-2017 09:31 via feedproxy.google.com
  
  ESTABLISHMENT experts and politicians have a “semi-religious” belief in the European Union that will lead them to repeat judgement errors over the economy and trade amid Brexit negotiations, Wetherspoon boss Tim Martin has warned.
  
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• How entrepreneurs use technology to boost cashflow

  19-01-2017 09:24
  
  Automate where you can, track everything and set rules, advised our expert panel. But don’t forget the all-important human touch Continue reading...
  
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• UK's Hammond on Brexit, Financial Services, Pound - Bloomberg

  19-01-2017 09:13
  
  Bloomberg
  UK's Hammond on Brexit, Financial Services, Pound
  Bloomberg
  U.K. Chancellor of the Exchequer Philip Hammond discusses Brexit negotiations, its impact on financial services and his outlook for the pound. He speaks to Bloomberg's Francine Lacqua on "Bloomberg Daybreak: Europe" from the World Economic Forum in ...
  
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• Wrong information on Google flight card meant we missed our flight

  19-01-2017 08:00 via theguardian.com
  
  We were told of a delay to our Tigerair departure when there wasn’t oneI booked a Melbourne to Sydney flight with Tigerair and on the day of departure was advised in an email that it would delayed by four hours and 20 minutes. However, when arriving at the airport I found that my original flight had left on time and I had been classed as a “no-show”. Continue reading...
  
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• Can I buy a flat while I'm paying off debts through an IVA?

  19-01-2017 08:00 via theguardian.com
  
  Also, will I be able to get a mortgage after my individual voluntary arrangement ends? I don’t have a deposit though
  Q I have a few questions about whether I have any chance of buying a flat while I am on an IVA (individual voluntary arrangement) and repaying my debts. As I am on an IVA, rather than bankrupt, are there any special options for me? And how many months after I finish my repayments will my credit score be OK for me to get a loan? I want to avoid paying a deposit as I have no s
  
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