Financial news

• Booming Brexit: UK firms plan more trade with the EU

  29-01-2017 20:25 via feedproxy.google.com
  
  MORE than a third of UK firms hope to step up trade with Europe over the next five years despite uncertainty caused by Brexit, a study shows.
  
  Read more

• Royal Albert Hall president to be grilled by MPs over ticket abuse

  29-01-2017 18:39
  
  Ticket reselling sites like Viagogo are also to be questioned over concerns that tickets to events from charity balls to Hamilton are being resoldThe president of the Royal Albert Hall and the multi-millionaire founder of controversial ticket resale website Viagogo are to be grilled by MPs in the second phase of an inquiry into “ticket abuse”.MPs on the department for culture, media and sport committee are planning a fresh evidence session, after they were told in a previous hearing
  
  Read more

• Brexit has allowed the banks to get off Britain's naughty step

  29-01-2017 17:00
  
  The City rigged markets, laundered money and mis-sold products, but has diverted attention by threatening to leave London It is almost a decade since the financial crisis and barely a day has gone by without banks being in the headlines, invariably for the wrong reasons.Only last week, RBS – 73% owned by the state since its bail out in 2008 – announced it was taking a £3.1bn hit as a result of a case brought by the US Department of Justice over the way the bank packaged and sol
  
  Read more

• 140 JD Sports staff taken to hospital from one warehouse in four years

  29-01-2017 15:57
  
  Freedom of Information revelation follows Channel 4 News investigation where workers described site as ‘worse than a prison’At least 140 people have been taken to hospital after incidents at JD Sports’s controversial warehouse in Rochdale in the last four years.A Freedom of Information request obtained by the Guardian shows that ambulances have been dispatched to the site 166 times in the last four years, with 140 of these incidents leading to someone being transported to hospi
  
  Read more

• Advertisement

• Steelworkers to vote on Port Talbot rescue plan

  29-01-2017 15:08
  
  Tata’s proposal includes £1bn investment over 10 years but would mean cut to workers’ pensionsThousands of steelworkers will vote on rescue proposals for the Port Talbot steelworks this week in a definitive moment for the crisis in the industry.Tata Steel has tabled a proposal to save 8,000 job in its UK business, including the Port Talbot steelworks in south Wales, by investing £1bn into modernising its operations over the next 10 years. Continue reading...
  
  Read more

• Sonny Perdue vows to make American agriculture great again – but for whom?

  29-01-2017 15:00
  
  President Trump wants Perdue to lead the agriculture department – but the head of a global agribusiness could favor big ag over many family farmersAfter keeping the rural voters who put him in office on edge until the last moment, President Trump nominated Sonny Perdue, a former Georgia governor now heading a global agribusiness trading company – Perdue Partners LLC – to be his agricultural secretary. The night following Trump’s announcement, Perdue took the stage at the
  
  Read more

• The donkey skin trade is threatening livelihoods and communities – we need to act now

  29-01-2017 13:07
  
  A new global trade is posing a major threat to both donkeys and the people whose livelihoods rely on them.Chinese medicine fuelling rise in donkey slaughter for global skin tradeIn November residents of Naberera village in Tanzania made a grisly discovery. Their donkeys, animals they rely on for essential tasks, had been slaughtered, skinned and left in the bush. Overnight the villagers were left with no way to take their children to school or carry water, except on their own backs. Why are donk
  
  Read more

• Smoot and Hawley, the ghosts of tariffs past, haunt the White House

  29-01-2017 13:00
  
  The Oregon congressman and Utah senator were widely reviled for drafting a protectionist bill in 1930 blamed for triggering the Great Depression. Until nowCan Donald Trump hear them? Alone in the Oval Office in the wee dark hours, illuminated by the glow of his Twitter app, can the president detect whispering voices? Does he feel the sudden chill flowing from those freshly hung gold drapes? It is the shades of Smoot and Hawley.Willis Hawley and Reed Smoot have haunted Congress since the 1930s wh
  
  Read more

• Advertisement

• Cutting back in 2017: Financial hangovers and good intentions - AOL Money UK

  29-01-2017 11:01
  
  AOL Money UK
  Cutting back in 2017: Financial hangovers and good intentions
  AOL Money UK
  Christmas overspending means two in five Brits are having to cut back – but it seems that doesn't stop us aiming for those longer-term saving goals. See also: The savings and bank accounts that still beat inflation. See also: Brits vow to cut back on ...
  
  Read more

• UK financial regulator acts on pension scam risk to British expats in the UAE - The National

  29-01-2017 09:12
  
  The National
  UK financial regulator acts on pension scam risk to British expats in the UAE
  The National
  The UK financial regulator is looking to crack down on domestic and international pension transfers in a move that could give added protection to British investors in the UAE. The Financial Conduct Authority (FCA) has issued an alert over the growing ...
  
  Read more

• Brad Stone: ‘We should watch Uber and Airbnb closely’

  29-01-2017 09:00
  
  The author of new book The Upstarts on how the new breed of tech startups changed the rules of the game• Read an extract from The UpstartsIt’s really not the sharing economy at all, though that phrase has been a useful one for the companiesAt the start of the book you note that the dictionary definition of an upstart is either “a newly successful person” or “someone who does not show proper respect to the established way of doing things”…
  I wanted to fra
  
  Read more

• Young and bereaved – and now facing cuts to crucial financial support

  29-01-2017 08:00
  
  Changes to benefit payments for people who suffer bereavement at a young age could see them lose out by as much as £12,000They are meant to provide financial support to people whose spouse or civil partner has died. But a shake-up of the system which handles benefits for bereaved families has resulted in accusations that working parents will be deprived of £12,000 each.The government revealed earlier this month how the current system of bereavement support payments will change in Apr
  
  Read more

• Uber: the app that changed how the world hails a taxi

  29-01-2017 08:00
  
  How James Bond, an abusive Parisian cabbie and one man’s frustration with going out in San Francisco led to a transport revolution• Brad Stone Q&A: ‘We should watch Uber and Airbnb closely’The whole thing might not have happened without Bond – James Bond. It was mid-2008, the Canadian entrepreneur Garrett Camp had just sold his first company, the website discovery engine StumbleUpon, to eBay for $75m. Now he was living large, enjoying San Francisco’s nightl
  
  Read more

• Clarks was right out of step when I complained about faulty trainers

  29-01-2017 08:00
  
  I’ve tried and tried to get a refund but it’s hopelessI’ve been trying to get a £22.40 refund from Clarks since September 2016. In August, while we were on holiday and in a hurry, I bought my six-year old daughter some trainers from its Salford outlet. She adored them, but within two days the sole was coming away. I emailed Clarks to ask if I could return them to its Devon high street shop which is near me, but it insisted I post them back. I did so, along with a printout
  
  Read more

• Booker Tesco deal has hedge funds in a funk

  29-01-2017 08:00
  
  If the tie-up between the wholesaler and the supermarket group gets past competition concerns, hedge funds will need a novel way of explaining why they bet on its shares fallingGiven that it is still trying to get over having mis-stated its profits by £263m during 2014, it seems rather apt that Tesco is buying a business best-known for sponsoring a fiction prize.Yes, Britain’s largest supermarket group is acquiring Booker, the UK’s largest food wholesaler and the company behind
  
  Read more

• After the Italian job, BT boss must make sure success doesn’t blow up in his face

  29-01-2017 08:00
  
  The accounting scandal, plus news of a slowdown in business, will make investors less likely to allow Gavin Patterson any leewayLast week was not a good one for BT. In fact, it’s been the worst week for the telecoms company since it was privatised in 1984. BT’s share price fell by more than 20% on Tuesday, their biggest ever fall in a single day, after it revealed an accounting scandal in its Italian division had cost £530m and warned of a slowdown in business from the UK publi
  
  Read more

• This belated Tory conversion to industrial strategy is tragic

  29-01-2017 07:59
  
  The abandonment of laissez-faire capitalism would be welcome indeed – if the shadow of Brexit were not looming over our whole economic future‘If America had a parliamentary system, Donald Trump … would already be facing a vote of no confidence. But we don’t; somehow we’re going to have to survive four years of this.” Thus wrote the Nobel prize-winning economist Paul Krugman in the New York Times recently. Unfortunately, although we in the UK do have a parliam
  
  Read more

• City news: January transfer window, inflation and digital banks

  29-01-2017 07:01 via feedproxy.google.com
  
  SPENDING on new players by Premier League football clubs is set to be flat at approximately £170million for this January transfer window, according to accountancy giant Deloitte.
  
  Read more

• BT bosses should scrap their bonuses after Italian accounting scandal

  29-01-2017 07:01 via feedproxy.google.com
  
  British Telecom’s Italian accounting scandal has wiped more than £8billion off the market value of the firm and unless its directors have taken complete leave off their senses, they should all forgo their 2016 bonuses.
  
  Read more

• Theresa May's industrial strategy won't balance the books, says JML founder

  29-01-2017 06:01 via feedproxy.google.com
  
  THE Government’s industrial strategy will fail to rebalance the economy as it does not do enough to stimulate demand, according to John Mills, founder of the JML retail group.
  
  Read more

• Tesco's acquisition of Booker may transform the face of the food sector, says retail guru

  29-01-2017 06:01 via feedproxy.google.com
  
  TESCO's £3.7billion acquisition of Budgen’s and Londis owner Booker could trigger a round of mega-takeovers and mergers in the food and grocery sector, retail guru Sir Stuart Rose says.
  
  Read more

• What the dip in sterling means for your holiday

  29-01-2017 01:01 via feedproxy.google.com
  
  THE plunge in the pound since Brexit has been a boon for UK share prices and exports, but it carries a sting in the tail.
  
  Read more

• Britain has grown rich by chasing the cash. Now it has lost the scent | Will Hutton

  29-01-2017 01:01
  
  Our instincts served us well during empire, but now we seem alone in a fast-changing worldThe British have long had a penchant for chasing the quick money. This ambition drove our empire building and then, when Europe looked the place where growth and easy pickings lay, drove us into the Common Market. Now the European Union doesn’t look so great, we are turning our eyes elsewhere – we want some of that American and Asian action.Seen through this lens, Brexit is just another twist in
  
  Read more

Follow @financialnwsUK on Twitter!