Financial news

• Peugeot sale is an 'opportunity', says Clark. An opportunity for pigs to fly | John Crace

  06-03-2017 20:53 via theguardian.com
  
  Business secretary begs MPs to see Vauxhall sale in positive light as Labour’s Rebecca Long-Bailey asks if 40,000 jobs are guaranteedBritain is open for business, insisted Greg Clark. The only fly in the ointment was that it was principally open for overseas companies flogging their UK assets to other overseas companies. But the business secretary is by nature an optimist and was determined to cast General Motors’ sale of Vauxhall to Peugeot in a positive light. The devaluation of th
  
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• Martin Rowson on the Vauxhall/Opel takeover – cartoon

  06-03-2017 20:40 via theguardian.com
  
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• Standard Life's Aberdeen deal means job losses – but avoids US takeover

  06-03-2017 20:02 via theguardian.com
  
  Hooking up with another Scottish firm makes sense, though there may be boardroom trouble further down the lineMartin Gilbert of Aberdeen Asset Management, we thought, only had eyes for American suitors. He has been singing for ages about the appeal of the US, home of vast piles of investment cash, and he was an admirer of Anglo-Australian manager Henderson’s “clever” merger with Janus Capital of the US.
  In the end, though, he has settled on a partner led by his old fishing chum
  
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• Sick Parcelforce couriers can be charged up to £250 if they can't find cover

  06-03-2017 19:17 via theguardian.com
  
  News of policy at Royal Mail-owned firm, which delivers for M&S, John Lewis and Hamleys, emerges after criticism of DPDParcelforce couriers who deliver packages for Marks & Spencer, John Lewis and Hamleys can be charged up to £250 a day if they are off sick and cannot find someone to cover their shift.Details of the policy applied by the Royal Mail-owned business emerged days after rival courier company DPD was criticised for charging some drivers who take time off for illness. And
  
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• Gina Miller urges FCA investigation into fund management 'price fixing'

  06-03-2017 16:52
  
  Businesswoman and investment campaigner says there is no genuine competition among fund groupsGina Miller, the businesswoman who rose to fame after taking the government to court over Brexit, is demanding that City regulators investigate what she alleges is “price fixing” by the UK fund management industry.Miller researched 683 funds with £320bn under management, and found that seven out of 10 had identical charges, “indicating no genuine price competition”.Continue
  
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• Asda fined £300,000 after dead mice and flies found at delivery depot

  06-03-2017 16:23 via theguardian.com
  
  Dead vermin and mouse droppings found during inspection at retailer’s distribution centre in Enfield, north LondonAsda has been fined £300,000 after dead mice and flies were discovered in the aisles of a home delivery depot that distributes food to online shoppers across London and Essex. The supermarket chain pleaded guilty to three breaches of the Food Safety and Hygiene (England) Regulations 2013 after inspectors found the dead vermin alongside mouse droppings and pupae shells at
  
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• Are UK employees crying out for financial wellbeing training? - TrainingZone.co.uk

  06-03-2017 12:51
  
  TrainingZone.co.uk
  Are UK employees crying out for financial wellbeing training?
  TrainingZone.co.uk
  UK adults believe their financial situation will worsen, says new CIPD research. With economic factors driving down wages and raising living costs, just 15% of the population say they live comfortably. Advertisement. Financial pressures are always ...
  
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• Topshop owner to double contributions to plug pension deficit

  06-03-2017 12:26
  
  Arcadia group behind retailers such as Dorothy Perkins and Miss Selfridge will boost payments to £50m a year, after Philip Green reaches deal over BHSSir Philip Green has agreed a deal to pump as much as £50m a year into the pension fund behind his fashion business, Arcadia, to plug a growing deficit, just days after reaching a settlement over the BHS pension scandal.Arcadia, which controls Topshop, Dorothy Perkins and Miss Selfridge, will double payments into its pension scheme from
  
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• Switch hitch: Ofgem to look into improper exit-fee allegations

  06-03-2017 12:14
  
  Npower, British Gas and E.ON allegedly told people they could be charged for switching supplier at the end of a fixed tariffOfgem is looking into allegations that energy suppliers have wrongly threatened to impose exit fees on householders switching away from them.The energy regulator confirmed it was talking to some of the big six energy companies after MoneySavingExpert (MSE) handed over a bundle of customer complaints on mishandling of such fees, which can be up to £100. Continue readin
  
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• Nimble entrepreneurs seek solutions to air quality crisis

  06-03-2017 08:30 via theguardian.com
  
  With 55% of Chinese consumers looking to reduce pollution exposure and a London mayor focused on clean air policies, the market is growingThere is no escape from the air you breathe. Or is there? Last year 169 places across the UK registered illegal levels of air pollution, according to Greenpeace. Londoners, in particular, should be waking up to the toxins they inhale, with pollution levels in the capital breaching annual legal limits in the first five days of this year.When a problem arises, h
  
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• Young drivers to bear the brunt as car insurance costs continue to rise

  06-03-2017 08:00
  
  Changes to the way payouts for injury claims are calculated could see premiums soar by up to £1,000 for drivers under 25Getting the keys for a first car is a milestone in the lives of many young people. Another is the arrival of the first insurance bill, which shows that driving is an expensive business – and one that is about to get even more so.Changes announced by the government in how compensation payments are calculated are expected to affect motor insurance premiums across the
  
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• Should I fight for the promotion I passed up when my children were younger?

  06-03-2017 08:00
  
  I didn’t go for a higher pay band in nursing a few years ago as I felt it was the wrong time – and now I feel undervaluedTwice a week we publish problems that will feature in a forthcoming Dear Jeremyadvice 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 have worked as a nurse for 27 years and I’ve done training, gained a degree, been a lecturer practition
  
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• Laying down the law as my phone connection with Virgin Media is on the line

  06-03-2017 08:00
  
  We can’t get ‘wayleave’ permissions to go across the shared drivewayI have been a Virgin Media customer for the past 20 years (it took over the original incarnations of cable companies long since departed). Last autumn my phone line developed a fault after cables were laid in the road, and I was told that I required a new line to my property.Continue reading...
  
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