Financial news

• UK shares soar to a record high following Trump’s $1trillion infrastructure pledge

  01-03-2017 22:39 via feedproxy.google.com
  
  LEADING UK shares hit a record high today as Donald Trump’s pledge to invest $1trillion to rebuild America’s creaking infrastructure turbocharged stock markets.
  
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• Viagogo ticket rip-off concerns prompt May to promise crackdown

  01-03-2017 20:58 via theguardian.com
  
  Prime minister vows to fix ticket resale market after a surge in complaints against resellers over inflated prices and refundsTicket resale sites such as Viagogo and StubHub are facing a crackdown, after the prime minister said they cause problems for genuine fans and vowed to fix markets that do not work for consumers.Theresa May said the Department for Culture, Media and Sport (DCMS) would shortly address secondary ticketing firms, which have been accused of flouting consumer laws and inflatin
  
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• Jaguar Land Rover pledges 'heart and soul' to UK as new model debuts in Solihull

  01-03-2017 20:40 via theguardian.com
  
  Range Rover Velar is third model in two years to be launched at West Midlands plant, which employs about 10,000 people
  Jaguar Land Rover’s latest model is to be built exclusively at its plant in Solihull as the luxury carmaker pledged its “heart and soul” to the UK.The Velar is be the fourth member of the 47-year-old Range Rover family and will be be available to order from this summer. The model will be sold in more than 100 markets globally. Continue reading...
  
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• Boots, Walkers crisps and Greggs cost cutting puts 1,400 UK jobs at risk

  01-03-2017 20:27 via theguardian.com
  
  Pharmacy chain plans to shut 220 of 320 photo labs, while snack manufacturer and bakery restructure production operationsNearly 1,400 UK jobs are at risk as pharmacy chain Boots, Walkers crisps and bakery Greggs all cut costs.Both Walkers and Greggs are restructuring their manufacturing operations in an attempt to improve efficiency. The Bakers, Food and Allied Workers’ Union said more than 600 jobs were at risk at nine Greggs bakeries around the UK. Continue reading...
  
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• Dominic Chappell to fight legal action forcing him to pay BHS pensions

  01-03-2017 19:44 via theguardian.com
  
  The Pensions Regulator has halted action against Sir Philip Green, after he agreed a £363m settlement Dominic Chappell, the last owner of BHS, has pledged to fight legal action by the Pensions Regulator designed to force him to pay millions of pounds into the failed retailer’s pension scheme, saying the black hole in the scheme was not his fault.The regulator has agreed a £363m cash settlement with Sir Philip Green to rescue the BHS pension scheme and halted legal proceedings a
  
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• Police say they were 'authorized by McDonald's' to arrest protesters, suit claims

  01-03-2017 19:33 via theguardian.com
  
  Fight for $15 chapter in Memphis alleges that officers engaged in surveillance and intimidation of fast-food worker organization
  Police claimed they had “authorization from the president of McDonald’s” to arrest protesting fast food workers, according to a civil rights lawsuit filed on Wednesday against the city of Memphis, Tennessee.The suit alleges that local police engaged in a “widespread and illegal campaign of surveillance and intimidation” against a local cha
  
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• I'm off on maternity leave – but I don't fear my replacement | Catherine Shoard

  01-03-2017 19:19
  
  BBC drama The Replacement plays on the insecurities of pregnant women in the workplace. My advice is, just rise above such anxieties
  The warnings couldn’t have been clearer. About to go on maternity leave? Do not watch The Replacement. Step away from the set during the BBC’s swish new thriller about a Glasgow architect whose replacement might (or might not – maybe it’s just the hormones) be out to snaffle her position, her friends, her hubbie, her sanity and her unborn da
  
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• Unite blames Brexit as Ford prepares to cut 1,160 Welsh jobs

  01-03-2017 18:57 via theguardian.com
  
  Union leader Len McCluskey urges PM to secure tariff-free access to single market, and guarantee from US firm it won’t shut Bridgend plantLen McCluskey, the head of the UK’s biggest trade union has urged Theresa May to guarantee car makers tariff-free access to the single market after Brexit, as Ford unveiled plans to cut 1,160 jobs over five years at its engine factory in Bridgend, Wales.McCluskey, the Unite general secretary, also demanded that Ford provide “legally binding g
  
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• Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage

  01-03-2017 18:00 via feedproxy.google.com
  
  MORE borrowers are now able to take on larger debts to buy a home after the Bank of England altered mortgage rules.
  
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• The new £1 coin – in pictures

  01-03-2017 17:10 via theguardian.com
  
  The Royal Mint in Llantrisant is producing £1.5bn worth of the new 12-sided coinsHow the Royal Mint is making the new pound coins
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• All change: how the Royal Mint is making the new 12-sided £1 coins

  01-03-2017 16:41 via theguardian.com
  
  Inside the heavily guarded site where £1.5bn of coins – claimed to be the most secure in the world – are being madeThe new £1 coin – in pictures
  It’s known as the Long Store and at first sight this draughty building – with endless rows of plain cardboard boxes stacked neatly on shelving from floor to ceiling – could be any distribution warehouse in the UK. Only discreet red stickers reveal the valuable contents of the boxes, which every day will be
  
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• BRING BACK THE LIRA! Italy should reclaim currency, former PM Silvio Berlusconi says

  01-03-2017 16:03 via feedproxy.google.com
  
  ITALY must reclaim monetary sovereignty by bringing back the lira to exist alongside the euro, according to the country's ex prime minister Silvio Berlusconi.
  
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• India, UK discuss agenda of Economic and Financial Dialogue - Financial Express

  01-03-2017 15:39
  
  Financial Express
  India, UK discuss agenda of Economic and Financial Dialogue
  Financial Express
  During his recent visit to the United Kingdom, Finance Minister Arun Jaitley met Chancellor of the Exchequer Philip Hammond at 10 Downing Street. By: ANI | London | Published: March 1, 2017 8:09 PM. Brexit, India, UK, European Union, Economicand ...en meer »
  
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• Snapchat IPO: App valued at $22BILLION despite NO profits

  01-03-2017 15:07 via feedproxy.google.com
  
  THE firm behind Snapchat is today set to float on the stock market with an eye-watering valuation of about £18billion , despite posting losses of hundreds of millions last year, raising fears that many investors could end up burnt.
  
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• FTSE 100 smashes fresh record high after Trump boost

  01-03-2017 14:34 via feedproxy.google.com
  
  Britain's top index the FTSE 100 has hit a fresh record high, following a pledge by Donald Trump to invest around $1trillion into infrastructure.
  
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• London's 'Cheesegrater' sold to Chinese tycoon for more than £1bn

  01-03-2017 13:51 via theguardian.com
  
  British Land’s sale of the tallest tower in the City of London is second-biggest ever deal for a UK buildingThe “Cheesegrater”, the tallest building in the City of London, has been sold to a Chinese property tycoon for £1.15bn, the second-biggest ever sale of a UK building.The developer behind the 224 metre tower, British Land, and its joint venture partner Oxford Properties, the global property arm of a Canadian pension fund, have sold the landmark building to CC Land, a
  
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• Trump boosts stock markets with massive $1TRILLLION infrastructure plan

  01-03-2017 13:28 via feedproxy.google.com
  
  GLOBAL stock markets surged to record highs after Donald Trump revealed a gigantic infrastructure spending plan set to boost the US economy.
  
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• Taxi drivers and business leaders call for diesel scrappage scheme

  01-03-2017 13:22
  
  Broad coalition writes to chancellor, urging him to tackle air pollution with compensation scheme for motoristsTaxi drivers and business leaders have added their voices to the growing campaign calling on ministers to introduce a diesel scrappage scheme to tackle dangerous levels of air pollution.A broad alliance of business organisations and environmental charities has written to the chancellor, Philip Hammond, urging him to introduce a system in next week’s budget to compensate motorists
  
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• 'You have to keep fighting' – Confessions of a Small Business

  01-03-2017 13:00 via theguardian.com
  
  Arpana Gandhi, co-founder of landmine disposal company Disarmco, talks struggling to find investment, almost going bust and battling to save livesSubscribe and review on iTunes, Soundcloud & Mixcloud and join the discussion on Facebook and Twitter.Arpana Gandhi, co-founder of Disarmco, appeared on the panel at the Guardian Small Business Network’s Confessions of a Small Business Event on 6 February. Continue reading...
  
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• AMC, APR, ERC explained: The ridiculous financial acronyms that serve to confuse

  01-03-2017 10:01 via feedproxy.google.com
  
  WHAT’S in a name? When it comes to managing your personal finances, it could add up to a lot of money.
  
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• The new bank you've NEVER heard of offering BRILLIANT deals for savers

  01-03-2017 09:47 via feedproxy.google.com
  
  A NEW challenger bank is blowing away the competition by giving unbeatable rates on fixed-rate bonds.
  
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• Welsh businesses at a crippling disadvantage to English firms

  01-03-2017 08:30 via theguardian.com
  
  The Labour-led government has failed to adequately support small enterprises, who are the lifeblood of the economy From the owners of golf ranges in Wrexham to fishmongers in Cardiff, my encounters with Welsh business owners have led me to the conclusion that they are an especially hardy bunch. And they have to be. Small firms are the lifeblood of the Welsh economy, representing 99% of all registered businesses, but this isn’t being reflected in Wales’s regressive taxation policies.
  
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• 'I felt utterly harassed' – your stories of returning to work after parental leave

  01-03-2017 08:00
  
  With MPs calling on government and employers to do more, we asked readers to share their stories of returning to workI found it very hard to return to work. My confidence was so low that I didn’t feel capable of even the simplest roles and was recovering from postnatal depression. Continue reading...
  
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• Sainsbury's named world's best sustainable seafood supermarket

  01-03-2017 01:01 via theguardian.com
  
  Marine Stewardship Council table has Sainsbury’s on top with 225 MSC-certified productsSainsbury’s has been named the best sustainable seafood supermarket in the world in a survey published by the Marine Stewardship Council. The annual supermarket league table from the international certification body – known for its blue “ecolabel” – rates British supermarkets on their sustainable seafood range. More than 300 fisheries in over 30 countries are certified to th
  
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• ‘Cheesegrater’ building bought by the Chinese for £1.15 BILLION

  01-03-2017 01:00 via feedproxy.google.com
  
  BRITISH LAND has clinched a deal to sell London's Cheesegrater building to the investment vehicle of Chinese property magnate Cheung Chung Kiu for £1.15 billion.
  
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