Financial news

• Viagogo accused of sitting on refunds after overcharging for tickets

  14-02-2017 20:35 via theguardian.com
  
  Dozens of fans who bought gig tickets through website claim to have been left up to hundreds of pounds out of pocketDozens of people who bought tickets for gigs by artists including Ed Sheeran through Viagogo claim the website is withholding thousands of pounds in refunds, after a “glitch” saw them overcharged.Angry fans said Viagogo is ignoring complaints, leaving them out of pocket for weeks and fearing they will be unable to make ends meet this month.Continue reading...
  
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• Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott

  14-02-2017 16:36 via theguardian.com
  
  High street competition has helped rein in prices, but households are facing rising cost of living due to falling pound and rising commoditiesIt was nice while it lasted, but the days of ultra-low inflation are over – at least for the time being.The year ahead is going to be marked by rising prices and squeezed living standards, but the pickup in the cost of living needs to be put in perspective; January’s increase was smaller than expected, and the result of prices falling less shar
  
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• HSBC appoints CEO of UK ring-fenced bank - Financial Reporter

  14-02-2017 15:58
  
  Financial Reporter
  HSBC appoints CEO of UK ring-fenced bank
  Financial Reporter
  HSBC has today announced that Ian Stuart will become the first Chief Executive of HSBC UK, its new ring-fenced bank, subject to regulatory approval. Ian is currently Head of Commercial Banking for HSBC for the UK and Europe. His 35-year career in ...en meer »
  
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• UK Financial Reporting Watchdog To Probe Audit Culture - Law360 (subscription)

  14-02-2017 15:32
  
  UK Financial Reporting Watchdog To Probe Audit Culture
  Law360 (subscription)
  Law360, London (February 14, 2017, 2:22 PM GMT) -- The U.K.'s top auditing watchdog said Tuesday it will review the governance and culture at firms that vet the accounts of banks and businesses amid concerns over the handling of conflicts of interests ...en meer »
  
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• Operational risk and the three lines of defence in UK financial institutions: is ... - Risk.net (subscription)

  14-02-2017 13:42
  
  Operational risk and the three lines of defence in UK financial institutions: is ...
  Risk.net (subscription)
  There is no single common understanding of the 3LOD in UK institutions but there are a range of practices with regard to implementation of the model. There are multiple lines of defence within the first line of defence- 1a and 1b. We recommend ...
  
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• UK's Financial Conduct Authority Reviews Effectiveness Of UK ... - Exchange News Direct

  14-02-2017 11:55
  UK's Financial Conduct Authority Reviews Effectiveness Of UK ...
  Exchange News Direct
  The Financial Conduct Authority (FCA) has today published a Discussion Paper which seeks feedback on how the UK primary capital markets can most ...en meer »
  
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• Inflation jumps to two-year high of 1.8 per cent amid higher petrol prices

  14-02-2017 10:18 via feedproxy.google.com
  
  THE cost of living in Britain jumped to it's highest level in more than two years in January, official data showed today.
  
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• Welcome to the new dark ages, where only the wealthy can retire | Peter Fleming

  14-02-2017 10:00
  
  As never-ending politically motivated austerity takes hold, more and more people will find they cannot afford to stop work. But it doesn’t have to be like thisIt’s almost too easy to imagine the scenario. After spending most of our adult life in paid employment, the golden day arrives. A well-earned retirement. Suddenly we’re released from the grip of office email and that long commute. Finally we can enjoy our remaining time on Earth pursuing those interests we’d never h
  
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• Germany growth SLOWS: Merkel facing dire economy news as EU uncertainty over Trump grows

  14-02-2017 09:48 via feedproxy.google.com
  
  GERMANY'S economy grew at a disappointingly slow pace in the final three months last year - and at a far lower rate than Britain - data showed today.
  
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• BREAKING: Toshiba chairman resigns as company shares dive after delaying financial results

  14-02-2017 09:45 via feedproxy.google.com
  
  TOSHIBA chairman Shigenori Shiga has resigned after the company delayed the release of financial results expected to include billions of dollars in losses tied to its ailing US nuclear power unit.
  
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• BREAKING: Rolls-Royce records £4.6BILLION LOSS - blames bribery scandal and weak pound

  14-02-2017 08:45 via feedproxy.google.com
  
  ROLLS-ROYCE posted a record reported loss of £4.6 billion as a fine to settle bribery charges and the drop in the pound capped a difficult few years for the aero engine maker.
  
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• 'Tragedy can happen to anyone': how we kept our businesses afloat

  14-02-2017 08:15 via theguardian.com
  
  From the death of family members to serious illness, resilient entrepreneurs explain why it pays to prepare for adversityIn 2012, entrepreneur Sue Rizzello found herself blindsided by a diagnosis of ovarian cancer, a disease for which symptoms are often overlooked.Rizzello survived thanks to a radical treatment in the form of a Petroc trial. She entered remission in January 2013, but lamented the harm her illness caused to her PR company, Potion.Continue reading...
  
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• Wine lovers face triple whammy Brexit price rise, says UK trade body

  14-02-2017 08:01
  
  Drinks industry says consumers and firms face rises from EU referendum’s vote effect on the pound, inflation and possible higher dutyChampagne drinkers in Britain face higher prices in the next year as the impact of the Brexit vote on the pound takes its toll, the drinks industry has warned.A “triple whammy” of Brexit, inflation and possible rising alcohol duty is forecast to push up the prices of champagne and prosecco in the UK by £1 and 59p per bottle respectively, the
  
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• Equifax mistake with my credit score nearly lost me a mortgage

  14-02-2017 08:00 via theguardian.com
  
  It had the wrong address and downgraded my otherwise “excellent” rating to “poor”I have been turned down for a remortgage on my property because of my credit score. This has come as a huge shock as I have never defaulted on a debt. I immediately checked with Experian and Noddle, both of which show “excellent”. However, Equifax rated me as “poor”! I downloaded my report and found that my address, which is 56a, has been linked on its system to my nei
  
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• Eurozone debt crisis 2.0: French election and Greece 'toxic cocktail' sparks market fears

  14-02-2017 06:51 via feedproxy.google.com
  
  THE eurozone faces a toxic cocktail of risks that could create a second debt crisis and send the bloc into a meltdown worse than 2012, fear investors.
  
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• UK Economy to Slow Down - Financial Tribune

  14-02-2017 01:54
  
  Financial Tribune
  UK Economy to Slow Down
  Financial Tribune
  The UK economy will slow down sharply over the next couple of years says the European Commission. Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2% in 2018, compared to 2% last year. The commission says the ...en meer »
  
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• The Co-op bank puts itself up for sale with interest rates blamed

  14-02-2017 01:01 via feedproxy.google.com
  
  THE Co-op Bank has put itself up for sale as it struggles to rebuild its financial strength, four years after being rescued from the brink of collapse by a group of hedge funds.
  
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• New mortgage helps buyers meet Stamp Duty costs

  14-02-2017 01:01 via feedproxy.google.com
  
  A NEW mortgage giving home buyers a helping hand to pay some or all of their stamp duty costs has been launched by a major bank.
  
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• City news: Ineos, C2C, Heineken and Fidessa

  14-02-2017 01:01 via feedproxy.google.com
  
  CHEMICALS giant Ineos is to build an off-road vehicle in the style of the Land Rover Defender, which ceased production last year.
  
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• UK inflation is forecast to come in shy of Bank of England's 2 per cent target

  14-02-2017 01:00 via feedproxy.google.com
  
  INFLATION is forecast to come in just shy of the Bank of England's 2 per cent target when official figures are released on Tuesday.
  
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