Financial news

• UK financial services will flourish despite Brexit challenges - Telegraph.co.uk

  15-02-2017 23:45
  
  Telegraph.co.uk
  UK financial services will flourish despite Brexit challenges
  Telegraph.co.uk
  Big decisions are being made in the UK's financial services industry this year and they are not all about Brexit. The regulatory agenda continues to drive massive change, not least the rules on ring fencing. The digital and financial technology agenda ...
  
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• Countries line up to host European Medicines Agency after it leaves UK

  15-02-2017 21:21
  
  Regulatory body set to move from post-Brexit UK attracting many suitors keen to take the 900 highly skilled workersAs many as 20 EU countries are seeking to take the headquarters of the European Medicines Agency from the UK once Brexit is complete – and with it 900 highly skilled staff.Portugal has joined the competition for the EMA this week, which is fiercely sought after because acting as host is likely to have a huge knock-on effect for any country’s medical and pharmaceutical in
  
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• Debenhams tops government's shame list for underpaying staff

  15-02-2017 20:48
  
  Retailers, restaurants and hotels among a record 360 firms named for shortchanging staff by almost £1m The government has named and shamed a record 360 firms for underpaying their staff, with the list of offenders topped by Debenhams after nearly 12,000 of the department store’s workers were short-changed.The businesses, including large numbers of hair salons, hotels, care homes and retailers, failed to pay either the national minimum wage or the national living wage to more than 15,
  
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• Lingerie brand Agent Provocateur could be heading for administration

  15-02-2017 20:32
  
  Private equity firm 3i invites bids for company, which has been hit by lacklustre sales and accounting issuesLingerie brand Agent Provocateur could be headed for administration after the appointment of restructuring firm AlixPartners to lead a sale process.Private equity firm 3i has been exploring options for the future of the company – founded by the son of designer Vivienne Westwood, Joe Corré, and his ex wife Serena Rees in 1994 – since late last year. Continue reading...
  
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• Baby boomers bash back with facts of life in work and retirement | Letters

  15-02-2017 19:28
  
  Philip Inman’s article (Baby boomers, pay your dues, 14 February) ignores some important facts. First, the baby boomer generation inherited one of the highest levels of public debt in British history: 240% of GDP, following the war. They got that down to under 32% by the 1990s. The fact that they paid higher taxes than today during most of their working lives probably had something to do with it, as well as economic growth and the full-employment policy of successive governments before 197
  
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• Nationwide should swallow Co-op Bank | Letters

  15-02-2017 19:25
  
  Patrick Collinson’s account of the coming demise of the Co-operative Bank (‘Ethical’ bank is history, 14 February) names Nationwide as the only remaining true “challenger” bank but not as a possible purchaser of the Co-op Bank. Why not? When, 50 years ago in my student days, I opened a Co-op Bank account I went next door to the Co-operative Permanent Building Society branch to start saving. That building society is now Nationwide. It’s still a mutual. Why can&
  
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• British Airways tries to break strike by threatening to cut staff perks

  15-02-2017 19:02
  
  Unite union accuses airline of bullying after it said in staff email that those continuing to strike would lose bonuses and benefits for up to two yearsBritish Airways has threatened to increase the penalties for cabin crew who continue to strike while halving the punishments for those who return to work, according to a staff email seen by the Guardian. The airline said workers who continued to strike would lose bonuses and staff perks for up to two years.About 2,900 crew members in BA’s m
  
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• EU fears influx of 'British champagne' once Brexit ends food naming rules

  15-02-2017 18:57
  
  Exclusive: Leaked paper shows concern firms could violate protections given to EU foodstuffs while UK products retain statusThe European Union is concerned that British companies could violate protections given to the names of thousands of European products – such as parma ham and champagne – while the protected status of foodstuffs such as West Country Farmhouse Cheddar Cheese is retained after Brexit.The European commission has given “geographical indication” (GI) statu
  
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• Tata Steel workers agree to pension cuts to save 8,000 jobs

  15-02-2017 18:08
  
  Existing scheme could enter Pension Protection Fund as part of arrangement resulting in 10% cut to members’ benefitsTata Steel UK workers have voted in favour of proposals to turn around the struggling business, potentially saving 8,000 jobs but also leading to cuts to their pension benefits.Workers from the Community, Unite, and GMB unions all backed the plan in separate ballots. Approximately three-quarters of votes supported the proposals, which involve saving the Port Talbot steelworks
  
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• European parliament passes EU-Canada free trade deal amid protests

  15-02-2017 17:50
  
  Controversial Ceta deal aims to eliminate 98% of tariffs on exported goods but critics say it will lead to privatisation of public sectorThe European parliament has passed the controversial EU-Canada free trade deal, while protesters staged a sit-in at the gates of the building in Strasbourg, France.Related: Ceta isn’t perfect, but Europe’s radical left was wrong to oppose it | Natalie NougayrèdeContinue reading...
  
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• UK employment growth driven by foreign nationals, figures show

  15-02-2017 17:49
  
  Jobs data show workers face rising costs and static pay, and no indication of Brexit vote triggering exodus of EU labourThe vast majority of employment growth was driven by non-UK nationals in the final three months of 2016 compared with a year earlier, the latest official figures on the labour market revealed.Of the 303,000 more people in work between October and December compared with a year earlier, 233,000 were non-UK nationals, taking the total to 3.48 million according to the Office for Na
  
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• Unite leader warns GM his union will not accept any Vauxhall job losses

  15-02-2017 17:22
  
  Len McCluskey calls on government to support UK car industry amid talks of Vauxhall takeover by France’s PSA GroupLen McCluskey, leader of the UK’s biggest union, has warned that it will oppose job losses at Vauxhall, as the chief executive of US parent company General Motors flew to Germany for talks about the sale of its struggling European car-making business.General Motors is in talks to sell its European arm Opel, which includes the UK’s Vauxhall, to France’s PSA Gro
  
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• Bank of England will retain plastic £5 note, despite vegan protests

  15-02-2017 17:17
  
  Impact of withdrawing new polymer notes, including £10 notes due out in September, outweighs animal fat concerns, Bank saysThe Bank of England has decided not to withdraw plastic £5 banknotes from circulation, despite protests from vegans, animal rights activists and religious groups because the notes contain traces of animal fat.The Bank is also pushing ahead with production of the new £10 polymer note featuring Jane Austen, which is to be issued in September. It has spent &po
  
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• Southern rail workers set new strike date after talks collapse

  15-02-2017 15:54
  
  RMT members to walk out on 22 February after row over role of conductors remains deadlockedWorkers on Southern rail are to stage a fresh strike in the long-running staffing dispute after the collapse of talks. Members of the Rail, Maritime and Transport (RMT) union are to walk out for 24 hours on 22 February, threatening fresh travel disruption for Southern’s 300,000 passengers.Continue reading...
  
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• Energy bills to rise up to 28% for thousands in UK as fixed contracts end

  15-02-2017 15:23
  
  With 77 deals expiring before end of April, many customers will find themselves being rolled on to most expensive tariffsThousands of UK households are facing gas and electricity bill rises of up to 28% as fixed price contracts signed before recent energy price increases come to an end.So far this winter, EDF, npower and Scottish Power have all announced hikes, meaning the customers of those companies need to look carefully at what they paying, particularly if they coming off a fixed tariff. Con
  
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• Missing wage rises give lie to picture of full employment | Larry Elliott

  15-02-2017 12:49
  
  With non-UK nationals representing most of 300,000 rise in number employed, labour supply is helping keep lid on wages Britain has all the hallmarks of a full-employment economy. The employment rate is at a record level, unemployment is at its lowest in more than a decade, and the percentage of women working is at its highest since modern records began.The one thing missing from this picture is an increase in wages. Full-employment economies are normally good for workers because they take advant
  
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• Small business commissioner faces a 'challenge to make a difference'

  15-02-2017 08:30
  
  As the recruitment process begins, the shadow business minister reiterates the need for power to fight late payment culture in the UK The scale of late payment in Britain is a sad reflection of the chronic imbalance in business relationships. The hunt is now on for a small business commissioner to address the fact that, as the advert acknowledges, late payment “hampers investment, holds back growth and, in the worst cases, can bankrupt businesses entirely”. The successful candidate i
  
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• Travel Trolley wanted £175 to correct a typo on my booking

  15-02-2017 08:00
  
  I made a simple error in my address and it admits it would take just ‘five minutes’ to put rightI booked flights from London to Sydney using the online agent Travel Trolley and, stupidly, put in a typo in my surname. I alerted it within five minutes and after a number of unhelpful phone calls (a rep told me to “Google it” when I asked how to complain about the service) it wanted £175 to amend my name on the booking.Continue reading...
  
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• Solar-powered trains are closer to reality than we might think

  15-02-2017 08:00
  
  Use of solar panels by the side of tracks to provide power to electric trains could make sense given match-up between peak generation and demandHow can we connect solar photovoltaics (PV) directly to railways to power electric trains? That’s the question my charity 10:10 and researchers at Imperial College’s Energy Futures Lab are trying to answer.Electric trains are by far the best long distance transport mode when it comes to carbon emissions – at least when their electricity
  
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• Homes on smallholdings – in pictures

  15-02-2017 08:00
  
  Whether your interest lies in horses, livestock, B&B or growing a lot of veg, these properties across Britain and in Italy will get you down on the farm Continue reading...
  
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• Toshiba to stick with UK nuclear plant despite posting huge financial losses - The Sun

  15-02-2017 00:42
  
  The Sun
  Toshiba to stick with UK nuclear plant despite posting huge financial losses
  The Sun
  THE firm building Europe's biggest nuke plant in Britain will stick with it for now — despite posting massive losses. Toshiba will remain involved with the Moorside project in Cumbria. An artist's impression of Moorside. PA:Press Association. 3. An ...
  Uncertainty Clouds UK Nuclear ProjectFinancial Tribunealle 259 nieuwsartikelen »
  
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