Financial news

• US economy created 227,000 new jobs in January, as jobless rate rises to 4.8% - live updates

  03-02-2017 18:41 via theguardian.com
  
  Rolling coverage of the first American employment report since Donald Trump became US presidentJobs report beats expectations!But wage growth disappointsEarlier:Reports: Trump taking aim at Dodd-Frank regulation
  Fiduciary rules to protect pensioners could be stalled 5.41pm GMTPresident Trump’s action on financial regulation is imminent it seems:US Pres Sec. Spicer: Trump To Sign Executive Action On Dodd Frank Around 18:00 GMT 4.29pm GMTOil prices are higher as the US unveiled a number of n
  
  Read more

• Tip of the iceberg: lettuce rationing broadens to broccoli and cabbage

  03-02-2017 18:36 via theguardian.com
  
  Asda bans bulk purchases of aubergines, broccoli, courgettes and cabbage, following Tesco and Morrisons’ limits on lettuceLettuce rationing has proved to be just the tip of the iceberg: the UK’s third largest supermarket has introduced a ban on bulk purchases of aubergines, broccoli, loose courgettes and cabbage.Asda said it was limiting bulk purchases to six items on iceberg lettuce and each of the other vegetables as almost unprecedented cold and wet weather in southern Spain has h
  
  Read more

• Toshiba exit could scrap plans for new nuclear power plant in Cumbria

  03-02-2017 18:29 via theguardian.com
  
  Government urged to seek new investors to save Moorside project as key partner considers leaving consortiumPlans for a new nuclear power station in Cumbria are likely to be scrapped due to a key backer pulling out, creating a major hole in the government’s nuclear strategy.Two industry sources close to the process said Toshiba had privately decided to quit the consortium behind the planned Moorside plant, echoing sources who told Reuters and the Wall Street Journal that the Japanese compan
  
  Read more

• Blow to UK nuclear strategy as Toshiba considers pulling out of Cumbria plant

  03-02-2017 18:29 via theguardian.com
  
  Government urged to seek new investors to save Moorside project after concerns key partner will leave consortiumPlans for a new nuclear power station in Cumbria are likely to be scrapped after a key backer pulled out, creating a major hole in the government’s nuclear strategy.Two industry sources close to the process said Toshiba had privately decided to quit the consortium behind the planned Moorside plant, echoing sources who told Reuters and the Wall Street Journal that the Japanese com
  
  Read more

• Advertisement

• UK looking for Financial Advisor to Turks and Caicos Islands Governor - Turks and Caicos Sun

  03-02-2017 17:53
  Turks and Caicos Sun
  UK looking for Financial Advisor to Turks and Caicos Islands Governor
  Turks and Caicos Sun
  The post of Chief Financial Officer (CFO) in the Turks and Caicos Islands may soon be abolished, but the United Kingdom (UK) Government is now seeking to create a new post of Financial Advisor to the Governor. The Foreign and Commonwealth Office ...
  
  Read more

• Npower prices hike sparks crackdown threat against energy providers

  03-02-2017 17:37 via theguardian.com
  
  Ministers will intervene if market shown to be failing, says PM’s spokesman after firm raises prices 9.8% for 1.4 million customersThe government has threatened a fresh crackdown on energy providers after npower hiked prices for more than a million customers by 9.8% – adding £109 a year to bills.A spokesman for the prime minister said ministers would intervene if the energy market was shown to be failing. “Obviously, we are concerned by npower’s planned increases. T
  
  Read more

• Let’s move to Ashbourne, Derbyshire: ‘A delightful town’

  03-02-2017 17:29 via theguardian.com
  
  The two-day Royal Shrovetide football match is its annual blood-lettingWhat’s going for it? I am not a football kind of chap. I barely know my Nobby Stiles from my Cristiano Ronaldo. But, if I were, this is the kind of footy I’d like to play. Ashbourne’s Royal Shrovetide match has been played every Shrove Tuesday for hundreds of years, and employs lots of elbows and a fair amount of handball, bunting, beer and clambering through the river. The whole town plays: the Up’ard
  
  Read more

• Falling DVD sales put boot into profits at Sony Pictures

  03-02-2017 17:16 via theguardian.com
  
  The rise of streaming, in a golden era for television drama, has spelt trouble for traditional film studios‘Choose Facebook, Twitter, Instagram,” says Renton in T2 Trainspotting, in his update of the famous “choose life” speech from the original film. For Sony Pictures, which released the movie and saw the value of its film division written down by $1bn (£800m) last week, that is exactly the problem: too many consumers are choosing the digital lifestyle.The owner of
  
  Read more

• Advertisement

• Donald Trump is GOOD news for British economy, says Bank of England

  03-02-2017 17:10 via feedproxy.google.com
  
  BRITAIN'S economy has been boosted by the election of Donald Trump, which triggered a global surge of confidence in financial markets, according to the Bank of England deputy governor.
  
  Read more

• Meddling IMF shot down by Ukraine after demanding retirement age RAISE

  03-02-2017 16:31 via feedproxy.google.com
  
  UKRAINE is set to defy the the International Monetary Fund , as tensions between the sides boil over demands to raise its retirement age.
  
  Read more

• Brexit: Germany's financial capital plans to welcome 10,000 UK ... - CNBC

  03-02-2017 16:03
  
  CNBC
  Brexit: Germany's financial capital plans to welcome 10,000 UK ...
  CNBC
  Frankfurt expects up to 10000 financial industry workers to relocate from Britain to Germany's banking capital post-Brexit; lobby group.en meer »
  
  Read more

• Brexit: Germany's financial capital plans to welcome 10000 UK bankers - CNBC

  03-02-2017 16:03
  
  CNBC
  Brexit: Germany's financial capital plans to welcome 10000 UK bankers
  CNBC
  Frankfurt expects up to 10,000 financial industry workers to relocate from Britain to Germany's banking capital as a consequence of Brexit, according to a Frankfurt lobby group. "We're going to benefit most," Hubertus Vath, managing director at ...en meer »
  
  Read more

• Employment prospects on the rise in UK financial advice - International Adviser

  03-02-2017 15:53
  
  International Adviser
  Employment prospects on the rise in UK financial advice
  International Adviser
  More than three quarters of financial advice firms in the UK are considering taking on additional staff in the next few years, according to a Personal Finance Society (PFS) survey. Print · Employment prospects on the rise in UK financial advice. The ...
  
  Read more

• Grexit? Greece again on the brink as debt crisis threatens break with EU

  03-02-2017 15:36 via theguardian.com
  
  Country faces critical few weeks as it struggles to meet bailout conditions and pressures rise in Germany and US
  In the week of Groundhog Day it seemed entirely appropriate: Greek farmers, many on tractors, have once again been blockading roads and border posts amid mounting signs that the country long at the centre of Europe’s debt woes is – once again – teetering towards crisis.Protesting farmers have been a regular feature of the social unrest that has sporadically gripped G
  
  Read more

• Why Italy is dragging the eurozone down as it becomes the BIGGEST LOSER

  03-02-2017 15:08 via feedproxy.google.com
  
  ITALY's economy has emerged as the biggest loser from being a part of the eurozone over the past 18 years, while Germany fared best, analysis has showed.
  
  Read more

• UK inflation warnings intensify as service sector costs rise

  03-02-2017 14:43 via theguardian.com
  
  Key sector’s first slowdown for four months in Markit/Cips PMI report could point to wider trendWarnings that Britain is heading for a sharp increase in inflation have intensified after a key business survey showed companies in the services sector are grappling with their biggest rise in costs for almost six years.The report into the UK economy’s biggest sector, which spans banks to hotels and hairdressers, showed firms suffered their first slowdown for four months in January. This s
  
  Read more

• npower to raise energy bills by £109 - here’s how you could SAVE more than £200

  03-02-2017 14:42 via feedproxy.google.com
  
  ENERGY giant npower is hiking prices by an eye-watering 9.8 per cent, hitting about 1.4million customers.
  
  Read more

• US economy adds 227,000 jobs in January – the best figures since September

  03-02-2017 14:34 via theguardian.com
  
  Report takes in last month of Obama’s presidency and first of Trump’s, and marks 76th consecutive month of job gainsThe US added 227,000 new jobs in January, the last month of the Obama presidency and the first of Donald Trump’s, the Department of Labor announced on Friday.The closely watched figure was the best since last September and comes after Trump won the election promising jobs growth and pushing US companies to employ American citizens, threatening to tax imports of go
  
  Read more

• Financial fears and budget holidays shake up UK travel market in 2017 - SmallBusiness.co.uk

  03-02-2017 12:40
  
  SmallBusiness.co.uk
  Financial fears and budget holidays shake up UK travel market in 2017
  SmallBusiness.co.uk
  A new survey uncovers a new picture for travel operators in the UK market in 2017, as financial stress impacts on travellers. COMMENT. Brits are reining in their travel budgets this year, with 41 per cent planning to. Brits are reining in their holiday ...
  
  Read more

• Npower electricity and gas price rises will add £109 to typical bill

  03-02-2017 11:09 via theguardian.com
  
  Price increases for 1.4 million customers will see dual fuel bills rise by an average of 9.8%Npower is hiking prices for more than a million customers who will see their dual fuel bill rise by an average of 9.8% or £109 a year.The “big six” energy provider said the rise would affect about half of its customers, or 1.4 million people. From 16 March, npower will raise electricity prices by an average of 15% and gas prices by 4.8%. Continue reading...
  
  Read more

• Between two worlds: struggles of the Asmat people – in pictures

  03-02-2017 11:02 via theguardian.com
  
  Facing deforestation on their lands and marginalisation by foreigners, the Asmat people of West Papua, Indonesia, often suffer a crisis of identity. Joshua Irwandi’s photography project, Not A Blank Canvas, documents the tribe and its struggles Continue reading...
  
  Read more

• Business confidence rising under Donald Trump, says Bank of England expert

  03-02-2017 10:50 via feedproxy.google.com
  
  BEN BROADBENT, the deputy governor of the Bank of England, has said Donald Trump's election victory has been marginally positive for the British economy.
  
  Read more

• Amazon reports 22 per cent rise in sales but misses analysts' expectations

  03-02-2017 09:55 via feedproxy.google.com
  
  AMAZON reported a 22 per cent hike in sales, despite falling short of analysts' forecasts, the technology giant's latest financial results showed.
  
  Read more

• Snapchat rising: is Facebook-sized success the future for this youthful app?

  03-02-2017 08:33 via theguardian.com
  
  The ephemeral app is set to go public, could be worth $25bn, and is seen as the only serious challenger to Facebook’s audience. But can the ascent continue? What is the value of Snapchat? The notoriously secretive parent company of the ephemeral messaging app is about to find out. Snap Inc has this week released paperwork designed to drum up interest in its initial public offering, scheduled for March, which some analysts say could value the company at between $20bn and $25bn – makin
  
  Read more

• Love your local? Liverpool joins cohort of community currencies

  03-02-2017 08:30 via theguardian.com
  
  Local spending is worth four times more to a neighbourhood than cash paid to a multinational. Brixton and Bristol offer lessons for successThe idea of supporting local businesses over multinationals has gained so much traction in recent years that several neighbourhoods have gone as far as launching their own local currency. The likes of Bristol, Brixton, Totnes, Exeter, Kingston and Lewes were joined, just in time for Christmas, by the Liverpool Local Pound. Glasgow and Birmingham are expected
  
  Read more

• Uber CEO steps down from Trump advisory council after users boycott

  03-02-2017 08:25 via theguardian.com
  
  Travis Kalanick says participation in president’s strategic and policy forum has been ‘misinterpreted’ as endorsement of Donald Trump’s agendaUber’s CEO, Travis Kalanick, is stepping down from Donald Trump’s economic advisory council following intense criticism and an online boycott of the company over its ties to the new administration, the company confirmed on Thursday. Related: Facebook, Apple and Google pen letter opposing Trump's travel banContinue readin
  
  Read more

• Demand for gold hits four-year high after Brexit and Trump votes

  03-02-2017 08:14 via theguardian.com
  
  Political uncertainty drove investment demand up by 70% in 2016, while global demand was at highest level since 2013The Brexit vote and the election of Donald Trump drove global demand for gold to a four-year high in 2016, as pension funds and other institutional investors piled into the precious metal while higher prices put consumers off jewellery purchases.Global gold demand rose 2% last year to reach 4,309 tonnes, the highest level since 2013, according to a report from the World Gold Counci
  
  Read more

• Taxi for Marks & Spencer … but not in a bad way!

  03-02-2017 08:00 via theguardian.com
  
  We were flabbergasted at the lengths it went to to remove a security tagOn Boxing Day my brother-in-law bought a very nice Italian wool jacket in the Marks & Spencer sale. But when he got it back he found it still had a security tag attached. As he was flying back to France, where he lives, early the next day, we rang M&S at both Gatwick terminals but they didn’t have the requisite gadget to remove it. When we rang M&S at Marble Arch, the store where he bought the jacket, it ap
  
  Read more

• My husband's social work job is under-resourced and burning him out

  03-02-2017 08:00 via theguardian.com
  
  He manages a community health and social care team, and must have transferable skills he could use in a different areaTwice 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.I’m seeking advice for my husband. He is 48, and a manager of a multi-disciplinary community health and social care tea
  
  Read more

• A house of mirrors 'n' marble – in pictures

  03-02-2017 08:00 via theguardian.com
  
  Fancy yourself to be the fairest of them all? This London flat is a riot of opulence, reflected in a rent of £3,000 a week Continue reading...
  
  Read more

• Supermarkets should be cutting food waste, not relying on charities

  03-02-2017 06:00 via theguardian.com
  
  Retailers’ work with charities is barely denting the waste problem and leaves the biggest problems untouchedAs public outrage over food waste grows, almost every British supermarket has responded to consumer pressure and linked up with food redistribution organisations such as FareShare and Foodcycle.But while good practice is emerging, supermarkets’ work with charities is barely denting the waste problem. Fareshare, for example, estimates it accesses just 2% of supermarkets’ a
  
  Read more

• Car insurance premiums at highest level ever, say insurers

  03-02-2017 01:01 via theguardian.com
  
  Association blames whiplash claims, repair bills and rise in insurance premium tax for rise at more than five times rate of inflationCar insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of British Insurers.Increases to insurance premium tax, increased repair costs and the rising costs of whiplash claims all conspired to send the average comprehensive policy to £462 in the last qua
  
  Read more

• Mortgage affordability unchanged despite rising house prices, report finds

  03-02-2017 01:00 via feedproxy.google.com
  
  MORTGAGE affordability has remained unchanged over the past year despite house prices climbing higher, a report has found.
  
  Read more

• Q&A: what does the Southern rail deal over strikes mean?

  03-02-2017 00:59 via theguardian.com
  
  After months of agony for commuters, drivers’ union Aslef agrees a deal with rail operator to end strikes. But will anything actually change?Does the deal between Govia Thameslink Railway and Aslef mean the Southern dispute is over?Yes – but only between the company and the drivers’ union, assuming that its members back the deal. The RMT – which represents the onboard supervisors, as conductors are now known – is still in dispute, and has called the majority of walk
  
  Read more

Follow @financialnwsUK on Twitter!