Financial news

• 'A slight typographical error': how one false credit report turned into a nightmare

  30-01-2017 21:05
  
  When an Australian businessman’s credit card was rejected on an Italian holiday, it was the start of a two-year struggle with credit reporting agency Veda that ended in a $15,000 compensation award In June 2014 a man known as KB arrived in Rome for a two-week Italian getaway. After a long flight from Australia he was looking forward to experiencing all the delights of the Mediterranean summer.But when KB reached Rome international airport, things started to go wrong. He tried to make a pay
  
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• Has Vodafone finally got the right Idea in India?

  30-01-2017 20:07 via theguardian.com
  
  After taking a £5.4bn hit from a rival, the telecoms group’s merger plan could make it joint owner of the market’s leading player“Any company that gives stuff away is not a company, it is a charity,” grumbled Vittorio Colao, the chief executive of Vodafone, last November when a competitor in India started offering free mobile phone services, thereby putting a €6.3bn (£5.4bn) dent in the value of the provider’s local business. Vodafone shareholders,
  
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• Wall Street suffers worst day in months following Trump travel ban

  30-01-2017 19:26 via theguardian.com
  
  ‘The market is reacting negatively because of the uncertainty it creates’Wall Street’s ‘fear gauge’ surges in biggest rise since 9 SeptemberUS investors had their worst day in more than three months on Monday, as President Donald Trump’s orders to curb travel and immigration from some countries sparked falls in all the major stock markets.Trump on Friday signed executive orders to suspend travel to the United States from seven Muslim-majority countries on grou
  
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• Cash, cruises and sex parties: inside ex-HBOS manager's £245m scam

  30-01-2017 18:37 via theguardian.com
  
  Lynden Scourfield and five others face jail over scam that left businesses bankrupt and owners losing homesAt the height of the credit boom in 2005, a financier was sent by his boss to a corporate flat in Portman Square in London’s West End.In his hand was an envelope containing about £4,000 in cash for which he had been given specific instructions. Continue reading...
  
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• Retreat from globalisation will destabilise the world economy | Mohamed El-Erian

  30-01-2017 15:32 via theguardian.com
  
  Hostility in the UK and US to structures such as the EU, World Bank and IMF will lead to increasing instability for everyone
  The retreat of the advanced economies from the global economy – and, in the case of the UK, from regional trading arrangements – has received a lot of attention lately. At a time when the global economy’s underlying structures are under strain, this could have far-reaching consequences. Whether by choice or necessity, the vast majority of the world’
  
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• Brexit: weak pound threatens craft beer revolution, say brewers

  30-01-2017 13:33 via theguardian.com
  
  Drinkers may have to accept rise rises after slump in sterling sends cost of imported ingredients and equipment soaringBrexiters toasting an impending exit from the EU with a pint of ale could be in for a sobering shock, after some of Britain’s top brewers warned that the weak pound is putting the craft beer revolution at risk.The country’s brewery industry has been enjoying a renaissance, with about 200 new breweries a year adding to the choice for drinkers. But small-scale brewing
  
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• UK Opens Student Financial Wellness Center - UKNow (press release)

  30-01-2017 12:19
  
  UKNow (press release)
  UK Opens Student Financial Wellness Center
  UKNow (press release)
  LEXINGTON, Ky. (Jan. 30, 2017) — The University of Kentucky is excited to announce the grand opening of the Student Financial Wellness Center today, Monday, Jan. 30. The center is located in 302 Patterson Hall with a team of experts to help guide ...
  
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• E-Scooters scoots off with our hard-earned £600

  30-01-2017 11:30
  
  We paid in December but have since heard nothingWe bought two hoverboards from E-Scooters (e-scooters.co.uk) for our kids for Christmas, paying £600 to the company by bank transfer at the beginning of December. We received an acknowledgement and then heard nothing. I chased and chased, on occasion being able to reach them by phone, to eventually be told just before Christmas that it had encountered problems with customs and so wasn’t being allowed to bring the goods into the country
  
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• More UK firms suffering 'financial distress' as SMEs struggle at end of 2016 - Telegraph.co.uk

  30-01-2017 11:17
  
  Telegraph.co.uk
  More UK firms suffering 'financial distress' as SMEs struggle at end of 2016
  Telegraph.co.uk
  The “fragility” of the UK's small businesses has been laid bare by new research that reveals more than 275,000 companies were showing signs of significant financial distress at the end of last year. On a year-on-year basis, corporate stress rose for ...
  Number of UK firms under financial distress increases for thirteenth ...City A.M.alle 8 nieuwsartikelen »
  
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• Work till you drop: when will you retire — and do you want to?

  30-01-2017 09:01
  
  Some firms are waking up to the benefits of an ageing workforce. Great news if you want to keep working — less so for those longing to retireFor 27 years, Ann White says she used to “hang her brain on a nail” outside the factory door when she arrived at work each morning. White, now 60, always assumed she would retire as soon as she could collect her state pension. Now she never wants to stop. Continue reading...
  
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• Got a great idea for a business? Before you go any further, read this

  30-01-2017 08:30 via theguardian.com
  
  Many startups fail because they create a product no one wants. Entrepreneur Ian James explains how to prevent this
  If you have a burning business idea, 2017 could be the year you make it happen. But before you take the plunge to launch your new venture, leave behind a successful career, or pivot an existing company, you need to know if your idea has substance: Continue reading...
  
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• Young people optimistic about economy despite Brexit, says study

  30-01-2017 08:00
  
  The 18-34 bracket remains upbeat, despite predictions from economists that inflation could trigger a slowdown in 2017A surge in optimism among young people about jobs and spare cash helped maintain robust consumer confidence in the last three months of 2016, despite fears about Brexit.Spending on essentials, such as groceries, and discretionary items, including meals out, increased as confidence among the 18-34 age group rose to its highest level since advisory firm Deloitte began its quarterly
  
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• Can a part-time MBA degree help my husband move into a management role?

  30-01-2017 08:00
  
  Is it too much of a risk paying £17,000 for a course in the hope that it will open up better opportunities for an engineer in a declining oil and gas industry?Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.My husband is an engineer in the struggling oil and gas industry. He is concer
  
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• Former UK Financial Regulator Chief Joins Standard Chartered - WSJ - Wall Street Journal

  30-01-2017 01:35
  
  Finance Magnates
  Former UK Financial Regulator Chief Joins Standard Chartered - WSJ
  Wall Street Journal
  Standard Chartered PLC said it hired Tracey McDermott, former head of enforcement at the U.K. financial regulator, to lead its public and regulatory affairs.
  Former UK Financial Watchdog's Tracey McDermott Joins Standard ...Finance Magnatesalle 35 nieuwsartikelen »
  
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• Former UK Financial Regulator Chief Joins Standard Chartered - Wall Street Journal

  30-01-2017 01:35
  
  Finance Magnates
  Former UK Financial Regulator Chief Joins Standard Chartered
  Wall Street Journal
  LONDON—Standard Chartered PLC said it hired Tracey McDermott, former head of enforcement at the U.K. financial regulator, to lead its public and regulatory affairs. Ms. McDermott will start next month as a top adviser to Chief Executive Bill Winters ...
  Former UK Financial Watchdog's Tracey McDermott Joins Standard ...Finance Magnatesalle 35 nieuwsartikelen »
  
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• The Crusader: Water meter would have saved Bournemouth couple thousands of pounds

  30-01-2017 01:01 via feedproxy.google.com
  
  HAVING a water meter fitted would have saved a couple thousands of pounds in charges over the past few years had they known about them.
  
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• Share Hunter: BT feels the heat after accounting scandal

  30-01-2017 01:01 via feedproxy.google.com
  
  INVESTORS in BT were all set for what should have been a fairly boring third quarter trading update on Friday.
  
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• Highly paid part-time roles on the up as employers embrace job shares

  30-01-2017 01:01
  
  Part-time jobs paying more than £40,000 a year have increased by more than 5% in the past year, with traditional nine-to-five structure being remodelled More than 770,000 high earners now work part-time, according to a report that shows how employers are becoming more open to using job shares in senior roles.The number of part-time staff on salaries over £40,000 has increased by 5.7% in the past year, said flexible-working group Timewise.Continue reading...
  
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• Dixons chief shrugs off rising credit card debt worries

  30-01-2017 01:01 via feedproxy.google.com
  
  THE boss of Dixons Carphone has backed UK shoppers to keep spending with credit while borrowing is cheap.
  
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• City news: Bank of England, Ocado and part-time workers

  30-01-2017 01:01 via feedproxy.google.com
  
  THE Bank of England will deliver its latest verdict on interest rates and the economy this week as UK growth continues to defy expectations of a Brexit vote slowdown.
  
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