Financial news

• Taking it to the top: the 10 female-led startups solving problems one app at a time

  10-02-2017 23:15 via theguardian.com
  
  With the help of a new fund, female entrepreneurs are developing apps including a virtual tissue bank for scientists and an online vet service Technology has a solution for just about every modern problem, from guiding a visually impaired person around an unknown city to exploding the information bubble we all live in. And if Nicola Hazell has her way, it could also remedy the lack of women at the helm of ASX 200 companies.Hazell is the director of SheStarts, a new startup program aimed at femal
  
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• Less of the burden when reporting on tax forecasts, please | Brief letters

  10-02-2017 20:24
  
  Surrey’s council tax | Headline writing | Rob Titchener’s return | Daleks and plungers | Architect’s Weetabix | Archie MacphersonWhile the people of Surrey await full disclosure of precisely what was said, by who, and when, from their county council to the government on the issue of council tax rises (Report, 9 February), it is not unfair to point out that there certainly were compelling reasons for council leader David Hodge to try to get a special deal over the issue. Polling
  
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• Nurofen maker acquires US baby food and Choco Milk company

  10-02-2017 19:08 via theguardian.com
  
  Reckitt’s Benckiser takeover puts it in prime position to compete with Nestlé and Unilever, and break into China Reckitt Benckiser, the company behind Nurofen, Dettol and Durex, is moving into baby food with the $16.6bn (£13.3bn) acquisition of a US infant formula maker, its biggest deal to date.Mead Johnson Nutrition manufactures Enfa formula, which it says is the main infant nutrition brand in the world and will become the combined group’s biggest “powerbrand&rdq
  
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• 'No crisis' on Greece bailout deal, says eurozone chief

  10-02-2017 18:50 via theguardian.com
  
  Jeroen Dijsselbloem, head of Eurogroup of finance ministers, says claims of crisis are exaggerated as emergency talks beginGreece and its EU creditors have been locked in emergency talks, after the head of the eurozone dismissed suggestions that the country’s bailout programme was in crisis.
  Jeroen Dijsselbloem, the Dutch finance minister and president of the Eurogroup of finance ministers, called a surprise meeting with other key players in Brussels on Friday afternoon, as Greece and its
  
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• Trump poses a risk to global economy, Fitch warns - as it happened

  10-02-2017 18:35 via theguardian.com
  
  The ratings agency said President Trump’s policies could lead to downgrades for countries with close economic ties to the USMarkets boosted by Trump’s ‘phenomenal’ tax pledge....pushing Dow to new peakHopes rise that Greece will end deadlock with lenders Greek finance minster holds urgent talks in Brussels 5.35pm GMTDonald Trump’s promise of a “phenomenal” tax plan to be unveiled soon has sent most markets higher for the second day, outweighing any worri
  
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• Candy brothers were 'not prepared to pay any tax', high court told

  10-02-2017 18:27 via theguardian.com
  
  Mark Holyoake, who is seeking £132m from the billionaire tycoons, claims property business was moved offshore to evade taxThe billionaire Candy brothers moved their business offshore because they were “not prepared to pay any tax” on the profits from their luxury property developments, a former associate has claimed.
  Entrepreneur Mark Holyoake, a university friend of Nick Candy who fell out with the brothers over a business deal, made the allegation as he took the witness stand
  
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• BA cabin crew call four-day strike over pay

  10-02-2017 18:04 via theguardian.com
  
  Airline says it will not negotiate and that six-day strike this week had no impact on its servicesLow-paid British Airways cabin crew have called a further four-day strike next week, despite the airline saying that six days of strikes this week had no impact on its operations.
  Unite, the union representing about 2,900 crew members in BA’s mixed fleet, called on the airline to join talks to reach an agreement to avoid further strikes, which are planned to run from Friday 17 to Monday 20 Feb
  
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• Trump presidency poses threat to global economy, warns Fitch

  10-02-2017 17:37 via theguardian.com
  
  Ratings agency highlights US president’s unpredictability and break from ‘norms’ of international relations as risksDonald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations.Less than a month into a presidency characterised by frequent Twitter tirades and an executive to
  
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• Let’s move to Kirkwall and Orkney: all sea, sky and peace

  10-02-2017 17:30
  
  Life on these isles is, if not simpler (have you tried getting from A to B on 70 islands?), then more elementalWhat’s going for it? The Orkney islands are my Plan B (though I haven’t told my wife). When all hell is breaking loose at home and post-postmodern chaos engulfs the world, when CBeebies is cranked up to 10 and I’m tripping over the Lego, I think of Orkney. I picture myself collecting seaweed on a beach on Sanday, staring out at a startled sheep from a little stone cott
  
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• Germany warns Britain it will NOT be financial gateway to Europe after Brexit - Express.co.uk

  10-02-2017 17:14
  
  Express.co.uk
  Germany warns Britain it will NOT be financial gateway to Europe after Brexit
  Express.co.uk
  LONDON is set to lose its crown as the financial "gateway to Europe" as banks flock to the continent amid Brexit, a top German policymaker has claimed. By Lana Clements. PUBLISHED: 15:55, Fri, Feb 10, 2017 | UPDATED: 16:15, Fri, Feb 10, 2017 ...
  UK Likely to Lose Role of EU's Financial 'Gateway' After Brexit – BundesbankSputnik Internationalalle 19 nieuwsartikelen »
  
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• Confessions of a startup – event

  10-02-2017 17:08 via theguardian.com
  
  Join us on 6 March 2017, 6.30-9.15pm, when entrepreneurs will share their stories of the highs and lows of running a startupThe early days of launching a business can be stressful, expensive and demoralising. None more so than where a startup is involved. Entrepreneurs are typically focused on achieving growth fast, working with ever-evolving technology, and trying to disrupt an established market, or provide a solution to a problem the market doesn’t realise it has yet. All this with inve
  
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• Germany warns Britain it will NOT be financial gateway to Europe after Brexit

  10-02-2017 16:55 via feedproxy.google.com
  
  LONDON is set to lose its crown as the financial "gateway to Europe" as banks flock to the continent amid Brexit, a top German policymaker has claimed.
  
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• Former Rolls-Royce boss questioned in corruption inquiry

  10-02-2017 16:43 via theguardian.com
  
  Sir John Rose interviewed by Serious Fraud Office investigating bribery scandal at the British defence and engineering firmSir John Rose, the former chief executive of Rolls-Royce, has been questioned under caution as part of the Serious Fraud Office’s investigation into a corruption scandal at the engineering group.Rose is one of a “large number” of former Rolls-Royce executives to have been interviewed under caution, according to sources familiar with the inquiry. This involv
  
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• Pimlico Plumbers loses appeal against self-employed status

  10-02-2017 16:40
  
  Court rejection of workers’ status has knock-on effects for gig economy operators such as Uber and Deliveroo Pimlico Plumbers has lost a court battle over the status of its workers, in the latest legal ruling on employment status in the gig economy.It came as the government released a report warning that “unscrupulous” employers were in a position to exploit low-paid and low-skilled workers. Continue reading...
  
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• Sub-prime cars: are car loans driving us towards the next financial crash?

  10-02-2017 16:29
  
  Analysts fear the boom in personal contract plans are mirroring the sub-prime mortgage scandal and are fuelling a colossal build-up of debt in UK and US A huge increase in the amounts borrowed by already indebted households in Britain and the US to buy new vehicles is fuelling fears that “sub-prime cars” could ignite the next financial crash. British households borrowed a record £31.6bn in 2016 to buy cars, up 12% on the year before, said the Finance and Leasing Association on
  
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• Dow Jones hits RECORD high amid Donald Trump's new tax policy

  10-02-2017 16:19 via feedproxy.google.com
  
  AMERICA'S top stock market has hit a fresh record high after Donald Trump promised an exciting new tax policy would be revealed in the next couple of weeks.
  
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• Panama Papers: Mossack Fonseca founders arrested over bribery scandal

  10-02-2017 16:11 via theguardian.com
  
  Juergen Mossack and Ramon Fonseca taken into custody following probe into law firm’s role in creating companies linked to corruption in BrazilThe founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, were arrested in Panama City on Thursday as the country’s attorney general launched a probe into their alleged connections with Brazil’s sprawling Lava Jato corruption scandal.
  Juergen Mossack and his colleague Ramon Fonseca, a former adviser to Pana
  
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• Ed Miliband asks Ofcom for inquiry into Rupert Murdoch Sky bid

  10-02-2017 16:04 via theguardian.com
  
  Former Labour leader joins cross-party group of politicians seeking ‘fit and proper person test’ for dealThe former Labour leader Ed Miliband is leading a campaign for the media regulator Ofcom to launch a full inquiry into Rupert Murdoch’s bid for ownership of the satellite broadcaster Sky.
  In a letter to Sharon White, the chief executive of Ofcom, Miliband is one of several senior cross-party politicians to demand that the regulator carry out a “fit and proper person&rd
  
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• EU Urges Post-Brexit UK To Stay Within Global Financial Regs - Law360 (subscription)

  10-02-2017 15:57
  
  Herald Scotland
  EU Urges Post-Brexit UK To Stay Within Global Financial Regs
  Law360 (subscription)
  Law360, London (February 10, 2017, 2:56 PM GMT) -- The European Commission's financial chief urged the U.K. on Friday to stay within the international financial regulatory system, saying the European Union wants to recognize international partners ...
  EU financial services chief warns US against unpicking bank rulesLondon South East (registration) (blog)alle 16 nieuwsartikelen »
  
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• World's largest superyacht: a floating private members' club for billionaires

  10-02-2017 15:14 via theguardian.com
  
  For £2,000 a night, the lucky few can bag a berth on a £213m, 220-metre-long yacht as it drops anchor at most glamorous eventsIt is being billed as the “world’s largest floating private members’ club”. A 220-metre-long superyacht where the cost of a room for the night starts at about £2,000, offering wealthy clients the chance to tour the globe calling in at glamour events from the Monaco Grand Prix to the Rio carnival.Five billionaire friends have paid
  
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• Six into one with new UK financial services trade association ... - Banking Technology

  10-02-2017 14:42
  Six into one with new UK financial services trade association ...
  Banking Technology
  Bob Wigley, the former chairman of the collapsed Yellow Pages, will be the chair of a new financial services trade association, which will bring together six ...en meer »
  
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• UK manufacturing and construction ended 2016 on a strong note

  10-02-2017 14:12 via theguardian.com
  
  ONS data shows increased output and narrowing of trade gap in December as economy defies Brexit uncertaintyBritain’s manufacturers and construction firms had a December bounce, adding to evidence that the UK economy ended 2016 on a strong note despite the Brexit vote.Backing up official estimates that show the UK economy was the fastest growing of the G7 leading industrial countries last year, figures published on Friday came in stronger than City economists expected.Continue reading...
  
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• Scottish Power customers to be hit by 7.8% price hike

  10-02-2017 13:26
  
  Customers will see energy bills rise by £86 a year as supplier becomes third of the big six to raise pricesMore than a million Scottish Power customers will see their energy bills rise by £86 a year after it became the third of the big six energy suppliers to announce a price hike.But British Gas, the biggest energy supplier, announced on Friday that it would freeze prices until August, contrary to recent reports that it was planning a rise of up to 9%. Continue reading...
  
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• How Xi Jinping's global ambitions could thrive as Trump turns inward

  10-02-2017 13:25 via theguardian.com
  
  As Donald Trump steers the US towards isolationism and protectionism, China’s leader is casting himself as a champion of internationalism and free trade. But are Xi’s values really compatible with those of the rest of the world?Some call it Xi Jinping’s Big White Book; a 515-page, 2.5kg tome in which China’s paramount leader lays out his thinking on everything from tree planting to macro-economics; from Karl Marx to the importance of being earnest.More than five million c
  
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• Greek refugee camps remain dangerous and inadequate, say aid workers

  10-02-2017 13:07 via theguardian.com
  
  Greece has received £268m but migrants are still living in sewage-flooded tents and many children have no protectionFeeling unsafe and vulnerable, having limited access to water and electricity, still living in tents; these were just some of the concerns picked up by researchers speaking to refugees who are living in Greek camps. Related: Secret aid worker: Greece has exposed the aid community's failuresContinue reading...
  
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• UK To Review Financial Regulations For Energy Suppliers - OilPrice.com

  10-02-2017 12:59
  
  OilPrice.com
  UK To Review Financial Regulations For Energy Suppliers
  OilPrice.com
  The UK's energy market regulator Ofgem will be reassessing later this year whether domestic energy suppliers should meet stricter financial requirements, both before and after being awarded supply licenses, the watchdog's chief executive Dermot Nolan ...en meer »
  
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• UK To Review Financial Regulations For Energy Suppliers | OilPrice ... - OilPrice.com

  10-02-2017 12:59
  
  OilPrice.com
  UK To Review Financial Regulations For Energy Suppliers | OilPrice ...
  OilPrice.com
  The UK's energy market regulator Ofgem will be reassessing later this year whether domestic energy suppliers should meet stricter financial requirements.en meer »
  
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• Britain's economy now 'firing on several cylinders' as exports to non-EU countries SOAR

  10-02-2017 10:30 via feedproxy.google.com
  
  BRITAIN’S trade deficit with the rest of the world narrowed in the final three months of last year, as the value of UK goods sent to non-EU countries surged, official statistics have revealed.
  
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• UK stocks hit a 4-week high - Financial News (subscription)

  10-02-2017 10:20
  
  UK stocks hit a 4-week high
  Financial News (subscription)
  UK stocks rose for a fourth straight session on Friday, setting the benchmark index on track for a four-week closing high as miners rallied after forecast-beating Chinese export figures. The FTSE 100 index jumped 0.6% to 7,274.13, building on a 0.6 ...en meer »
  
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• Donald Trump promises 'PHENOMENAL' tax policy and boosts stocks

  10-02-2017 08:48 via feedproxy.google.com
  
  DONALD Trump has promised to reveal exciting new tax policies, sparking a surge in US and global stock markets.
  
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• Tough Mudder co-founder on TV deals and assault course heroes

  10-02-2017 08:15 via theguardian.com
  
  From the first event on a muddy ski hill to a global operation, Will Dean explains why his brand has enjoyed such successYou’re looking for a new challenge: how about jumping into an ice pool, crawling through electrified wires, and dragging yourself up a steep incline in a muddy field? Not tempted? Tough Mudder – an extreme assault course – might not be for everyone, but it has pulled in 2.5 million participants since launching in New York in 2010. In 2015, it made $100m (&pou
  
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• MPA Group Of Companies – Trainee Financial Accountant (UK) - Music Business Worldwide

  10-02-2017 08:13
  
  MPA Group Of Companies – Trainee Financial Accountant (UK)
  Music Business Worldwide
  The MPA Group of Companies (MPA, MCPS, IMPEL and PMLL) is seeking a trainee financial accountant to assist the Director of Operations with all of the finance functions across the four companies as well as providing assistance with other finance related ...en meer »
  
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• I lost my job in academia after having a baby – now I'm stuck

  10-02-2017 08:00
  
  I was made redundant following childbirth. I feel discriminated against and worry I won’t find another job
  Shortly after the birth of my first child I was made redundant from my job at one of the UK’s top-ranked universities. For the previous two years I’d worked successfully in this role as a publicly funded contract research fellow. Related: Rise in women facing discrimination on taking maternity leaveContinue reading...
  
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• HR thinks music in the office is a good idea – but I don't

  10-02-2017 08:00
  
  I find it hard to concentrate and the quality of my work will suffer. How can I restore my peace and quiet?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.I work in the small software development arm of a large retailer (the head office is based elsewhere). The new HR executive has decided
  
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• Golf diplomacy: Japan's Abe hopes for strokes of genius to seal Trump trade pact

  10-02-2017 08:00 via theguardian.com
  
  The Japanese PM will get a game with Donald Trump in Florida this weekend, but his handicap will be anybody’s guessDonald Trump may have found the perfect golf partner in the Japanese prime minister, Shinzo Abe. If rumours about the US president’s fairway gamesmanship are to be believed, Abe is likely to turn a blind eye to any skullduggery on the links in Florida this weekend.
  Although Tokyo won assurances of Washington’s commitment to Japan’s security from the defence s
  
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• A farmhouse with a valuable secret – in pictures

  10-02-2017 08:00
  
  The £500,000 price tag could end up being a steal for this characterful North Yorkshire property if you believe the tale that comes with itContinue reading...
  
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• EUROZONE CRUMBLES: Germany orders Greece to LEAVE euro if it wants debts cut

  10-02-2017 07:52 via feedproxy.google.com
  
  HARDLINE German minister Wolfgang Schaeuble has warned the only way Greece's loans can be written off is through the country leaving the eurozone, as the debt crisis once again blows up.
  
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• Ex-Cabinet secretary 'more optimistic' about UK financial services post-Brexit - Gibraltar Chronicle

  10-02-2017 07:46
  Ex-Cabinet secretary 'more optimistic' about UK financial services post-Brexit
  Gibraltar Chronicle
  A former Cabinet secretary has expressed increased optimism about the future of the UK's financial services industry post-Brexit. Lord Butler of Brockwell said a Lords European Union committee report in December warning of the need for an adequate ...en meer »
  
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• Ex-Cabinet secretary 'more optimistic' about UK financial services ... - Gibraltar Chronicle

  10-02-2017 07:46
  Ex-Cabinet secretary 'more optimistic' about UK financial services ...
  Gibraltar Chronicle
  A former Cabinet secretary has expressed increased optimism about the future of the UK's financial services industry post-Brexit. Lord Butler of Brockwell said a ...en meer »
  
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• Instagram generation is fuelling UK food waste mountain, study finds

  10-02-2017 01:01
  
  Research highlights generational divide in attitudes towards food as millennials focus on its appearance while buying too much A generation gap in attitudes towards cooking and eating is helping to fuel the UK’s food waste mountain, research reveals, driven by time-poor millennials who do not understand the value of the food on their plate.In contrast to savvy older consumers familiar with post-war rationing, the study suggests, those aged 18 to 34 are preoccupied by the visual presentatio
  
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• Fifth of rail passengers buy wrong ticket from machines, says regulator

  10-02-2017 01:01
  
  Almost 20% of study’s mystery passengers either paid too much for journey or paid too little, risking penalty fare
  About one in five train passengers using ticket machines could be either paying too much or be at risk of a penalty fare, the rail regulator has said.The Office of Rail and Road (ORR) carried out a study in which 13% of its mystery passengers chose more expensive tickets than required. Continue reading...
  
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• Surge in smartphone shopping expected over next four years

  10-02-2017 01:00 via feedproxy.google.com
  
  SMARTPHONE shopping is set to more than treble in value from £13.5 billion to £43 billion over the next four years, accounting for two thirds of all UK online purchases.
  
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