Financial news

• Private health insurance up by 4.8%, a rise of $200 a year for families

  09-02-2017 23:50
  
  The health minister, Greg Hunt, says increase the lowest in 10 years for the 13m Australians affectedPrivate health insurance premiums will increase by an average of 4.84% after the federal government approved insurers’ proposed rises.The health minister, Greg Hunt, announced the approval on Friday and said it was the lowest in 10 years and lower than any year in the Rudd or Gillard governments. Continue reading...
  
  Read more

• Apple boss Tim Cook optimistic about UK's future outside EU - Financial Express

  09-02-2017 21:27
  
  Financial Express
  Apple boss Tim Cook optimistic about UK's future outside EU
  Financial Express
  Cook says Apple is ''doubling down on a huge headquarters in the Battersea area and we're leaving significant space there to expand.'' By: Associated Press | London | Published: February 10, 2017 2:27 AM. Apple CEO Tim Cook says the technology giant is ...en meer »
  
  Read more

• Greece hopeful of imminent EU debt deal despite German warning

  09-02-2017 20:53 via theguardian.com
  
  Germany’s finance minister Wolfgang Schäuble tells Athens it can cut its £280bn debt only by leaving the single currency The Greek government has expressed hope of an imminent deal with its EU creditors, despite a warning from the German finance minister, Wolfgang Schäuble, that the country could cut its debts only by leaving the single currency.
  Athens is in a familiar stand-off with the German finance ministry as it seeks easier repayment terms on its €330bn (£
  
  Read more

• L'Oréal confirms it is considering selling The Body Shop as profits fall

  09-02-2017 19:12 via theguardian.com
  
  Cosmetics company says it is exploring all options but has not made any decision on future of Sussex-based ethical retailer L’Oréal has confirmed it is exploring a potential sale of The Body Shop as the ethical beauty retailer revealed sliding sales and profits.The world’s largest cosmetics company said it had not made any decision on the future of the Sussex-based retailer, which has more than 3,000 stores in 66 countries, but had “decided to explore all strategic optio
  
  Read more

• Advertisement

• Five reasons why Waitrose is closing stores

  09-02-2017 18:54
  
  The grocer is seeing more shoppers through its doors and increasing its market share, so why is it reining in expansion?Waitrose total sales continue to rise in a tough grocery environmentwith the supermarket chain increasing its market share to 5.3% in the past year, as an average 250,000 more shoppers a week walked through its doors. Related: Hundreds of Waitrose jobs may go as retailer plans six store closuresContinue reading...
  
  Read more

• UK Financial Sector Shares Top Regulatory Concerns For 2017 - Law360 (subscription)

  09-02-2017 17:36
  
  UK Financial Sector Shares Top Regulatory Concerns For 2017
  Law360 (subscription)
  Sidnney Myers In January, Berwin Leighton Paisner LLP's financial regulation group hosted its seventh annual Emerging Themes seminar. As in previous years, the seminar marked the launch of a substantial report, containing insights from the group on a ...
  
  Read more

• India-UK agree to increase flights to boost tourism, trade - Financial Express

  09-02-2017 16:12
  
  Financial Express
  India-UK agree to increase flights to boost tourism, trade
  Financial Express
  The UK and India today agreed to ease restrictions on the number of scheduled flights between the two countries to provide a boost to trade and tourism. By: PTI | London | Published: February 9, 2017 8:42 PM. "This is a great news for both the UK and ...en meer »
  
  Read more

• UK Financial Conduct Authority Clamps Down on Retail CFD Products - The National Law Review

  09-02-2017 16:02
  
  UK Financial Conduct Authority Clamps Down on Retail CFD Products
  The National Law Review
  UK Financial Conduct Authority proposes enhanced disclosure requirements for derivatives being marketed to retail investors who may not be aware of the risks. Concerned that more and more retail customers are offering and trading contracts-for ...en meer »
  
  Read more

• Advertisement

• Men in 20s earn £12,500 less than generation before; and how to beat broadband price rise

  09-02-2017 15:52
  
  Also, supreme court backs woman’s right to late partner’s pension, and homes near airports 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...
  
  Read more

• Devil-may-care investors fall under spell of Trump-mania

  09-02-2017 15:31 via theguardian.com
  
  But crazy spending plans that have led to huge rise in borrowing by junk-rated firms are likely to be blocked by CongressWall Street is making some big bets on Donald Trump. One of the biggest is that the US president can persuade Congress to unravel the Dodd-Frank Act that he believes ties the financial services industry in knots. Bank shares have carried the US stock market higher ever since Trump said it was a priority.Another big bet is on a Trump-inspired spending spree by Congress on all m
  
  Read more

• Twitter: not even Donald Trump can help it make a profit | Charles Arthur

  09-02-2017 15:19 via theguardian.com
  
  Social media giant is failing to capitalise on US president’s use and is reluctant to make deep cuts needed to turn a profitNot even the best efforts of Donald Trump can pull Twitter out of its dive, it would seem. The company’s fourth-quarter results showed a loss of $167m (compared with $90m a year before) on flat revenues of $638m, with no clear path to profit, even though the US President’s frequent outbursts helped increase the number of users by a modest 2 million to 319
  
  Read more

• EU leader arrives in Britain to offer olive branch to UK for GOOD Brexit deal

  09-02-2017 14:18 via feedproxy.google.com
  
  TOP Brussels bureaucrat Valdis Dombrovskis has launched a charm offensive in London ahead of Britain's negotiations to leave the European Union .
  
  Read more

• Why Donald Trump can't bully China on trade

  09-02-2017 12:35 via theguardian.com
  
  Beijing holds trillions of dollars in US debt and any trade disruption could lead to huge price rises in the budget stores on which many Americans relyAs US President Donald Trump proceeds to destabilise the postwar global economic order, much of the world is collectively holding its breath. Commentators search for words to describe his assault on conventional norms of leadership and tolerance in a modern liberal democracy. The mainstream media, faced with a president who might sometimes be badl
  
  Read more

• Tesco's plan bee: spilt supermarket sugar to help feed hungry honey bees

  09-02-2017 09:35
  
  Discarded sugar from split bags plus leftovers from in-store bakeries heads to Cornish beekeepers as winter nectar shortage hits speciesWaste sugar routinely thrown away by supermarkets is being collected to help feed stricken bees in Britain struggling to get enough nectar to feed themselves.Related: Pesticides stop bees buzzing and releasing pollen, says studyContinue reading...
  
  Read more

• Istanbul: former tourist hotspot is ghost town for small businesses

  09-02-2017 09:16 via theguardian.com
  
  With terror attacks and an attempted army coup impacting tourism, small traders in the Turkish metropolis are paying the price On a cold Saturday afternoon, the Arasta Bazaar located just moments from the majestic Blue Mosque, is eerily quiet. For a brief few seconds, I wonder if the shops are closed but then I spy a few shop-owners standing outside of their stores looking a little downcast. Some beckon me to browse their colourful assortment of scarves, towels and carpets as I wander along the
  
  Read more

• Millennials aren’t lazy snowflakes – we just don’t expect to work for free | Abi Wilkinson

  09-02-2017 09:00
  
  I ask those who accuse us of being vain, entitled and feckless: do you know any real young people? We’re the ones slogging away after our shifts have endedMillennials, we’re told, are one of the great scourges of modern times. With our selfies and hook-up apps and incomprehensible internet slang, my generation is widely condemned as vain, lazy and entitled. It’s the “prizes for all” culture we grew up in, you see. Or possibly that damn social media. I’ve even
  
  Read more

• Our dream home has been extended near trees – is subsidence a risk?

  09-02-2017 08:00
  
  We are very concerned to find out whether the builders factored the neighbour’s trees into their work Q My husband and I are looking to move into a bigger house as our current two-bed, one-bath house has become too small for us.We have found our dream home. It is a semi-detached property with three bedrooms and three bathrooms, which was rebuilt out of a rundown two-bed house in 2015. The previous owner extended the house to the side all the way up to the neighbour’s boundary wall. W
  
  Read more

• Fingerprint payments prompt privacy fears in India

  09-02-2017 06:00 via theguardian.com
  
  After India’s banknote ban, private companies are using the country’s biometric database to bring financial services to millionsFor two years, Indian officials have been trawling the country, from city slums to unelectrified villages, zapping eyeballs, scanning fingerprints and taking photographs. Last month, Indian shoppers started to see the results. With the launch of a government-backed fingerprint payment system, tied to India’s growing biometric data bank, registered citi
  
  Read more

• UK rents expected to rise faster than house prices in next five years

  09-02-2017 01:01 via theguardian.com
  
  Rics survey heaps further misery on Britain’s growing army of renters, who will likely have fewer properties to choose fromUK rents are expected to rise faster than house prices over the next five years, bringing further misery to Britain’s growing army of renters, according to a survey.The Royal Institution of Chartered Surveyors has predicted that rents will increase by just over 25% in the coming years, while property values are set to grow by less than 20%.Continue reading...
  
  Read more

• Rio digs itself out of the mire

  09-02-2017 01:01 via feedproxy.google.com
  
  RIO TINTO is returning a bumper $3.6billion to shareholders after digging itself out of a commodity prices slump to post a 12 per cent rise in annual profit.
  
  Read more

• Men earn £12,500 less in 20s than generation before, research shows

  09-02-2017 01:01
  
  Gap between millennials and Generation X partly down to men today taking on low-paid jobs, Resolution Foundation to sayYoung men today will earn £12,500 less in their 20s than the generation before them, according to a thinktank, partly as a result of taking on low-paid jobs previously done by women.Torsten Bell, the director of the Resolution Foundation, will argue that evidence showing Generation Y, also known as millennials, earn less than their Generation X predecessors in every year b
  
  Read more

• City news: L’Oréal, TSB, McLaren, and Redrow

  09-02-2017 01:01 via feedproxy.google.com
  
  COSMETICS giant L’Oréal is considering a potential £850million sale of The Body Shop, the UK ethical skincare brand it bought 11 years ago.
  
  Read more

• "Our aim certainly is not to punish the UK," insists Brussels' financial services ... - City A.M.

  09-02-2017 00:58
  
  City A.M.
  "Our aim certainly is not to punish the UK," insists Brussels' financial services ...
  City A.M.
  I write about M&A, deals, IPOs, private equity, asset management, media and a fe [..] Show more. Follow William. US-EU-DIPLOMACY. Valdis Dombrovskis is took over in his role from Lord Jonathan Hill (Source: Getty). William Turvill. Politicians tend to ...
  Brexit may push 30000 finance jobs from UKFinancial News (subscription)
  Brexit: UK could lose 30000 jobs in the financial sector, thi
  
  Read more

Follow @financialnwsUK on Twitter!