Financial news

• Next suffers first annual profit drop in eight years

  24-03-2017 22:46 via feedproxy.google.com
  
  NEXT suffered its first drop in annual profit for eight years and warned of a tough year ahead as shoppers shun buying clothes in favour of splashing out on restaurants and entertainment.
  
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• Viagogo: who runs it and who owns it?

  24-03-2017 19:03
  
  Andre Agassi, Steffi Graf and banking dynasty’s Jacob Rothschild have invested in ticket reselling company that snubbed MPs’ inquiry this weekEric Baker is Viagogo’s charismatic but reclusive founder and chief executive. Born to a wealthy business dynasty in Los Angeles, he was educated at Harvard and Stanford, going on to co-found ticket resale business StubHub with classmate Jeff Fluhr.Continue reading...
  
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• Viagogo's shady reputation grows as it shuns critics

  24-03-2017 19:02 via theguardian.com
  
  Elusive company that snubbed MPs runs its multimillion ticket resale empire from a small office in a business park in Limerick, IrelandWhen controversial ticket reselling website Viagogo failed to show up for a select committee hearing this week, furious MPs were left wondering where to find the elusive company.The answer is in a nondescript office in a business park on the outskirts of the Irish city of Limerick. Continue reading...
  
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• Almost half of UK financial industry now committed to better gender representation - Out-Law.com

  24-03-2017 18:13
  Bridging & Commerical
  Almost half of UK financial industry now committed to better gender representation
  Out-Law.com
  Pinsent Masons, the law firm behind Out-Law.com, was among the new signatories announced by the UK Treasury on the charter's first anniversary. It is the first law firm to sign the charter, committing it to supporting the progression of women into ...
  Almost half of UK financial services staff covered by Women in Finance CharterBridging & Commericalalle 3 nieuwsartikelen&
  
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• Cauliflower prices slashed as UK's warm weather leads to glut

  24-03-2017 18:05 via theguardian.com
  
  Supermarkets forced to cut cauliflower price despite recent growth in sales as UK farmers bring bumper harvest to marketGet the cheese sauce on. Supermarkets are slashing the price of cauliflower because a relatively warm start to the year has produced a glut of florets.Farmers say they have been producing 50% to 100% more crop than usual in recent weeks. A new harvest of produce from Lincolnshire is about to come on the market, adding to stocks already coming from Cornwall, the Isle of Wight an
  
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• Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC - Insurance Journal

  24-03-2017 17:48
  
  Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC
  Insurance Journal
  Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next 15 years, according to a new study by PricewaterhouseCoopers. And other industries are even ...en meer »
  
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• Juncker calls for preliminary Greek bailout deal ahead of eurozone finance ministers

  24-03-2017 17:47 via feedproxy.google.com
  
  JEAN-Claude Juncker has declared eurozone lenders and Greece should reach a technical deal before a meeting of finance ministers on April 7.
  
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• Petworth and Pulborough, West Sussex: straight out of Miss Marple

  24-03-2017 17:30
  
  There are tile-covered cottages, porches draped in roses, enough wisteria to fill the Albert Hall and I swear I glimpsed the reincarnation of Joan Hickson What’s going for it? Was it the charming assistant at Hennings wine merchants? The shelf-stacker in the topographical section at the bookshop? I’m still hunting for Colonel Mustard and Professor Plum, but there are plenty of plummy-voiced antiques dealers in these towns to go on my list of suspects; let alone the rum fellows I imag
  
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• Six financial trade bodies to merge as UK Finance - Credit Strategy

  24-03-2017 17:22
  Credit Strategy
  Six financial trade bodies to merge as UK Finance
  Credit Strategy
  A new financial trade body, set to launch this summer, will merge six associations together under the new name UK Finance. LinkedIn Twitter Google+. The unanimous decision for the name was made yesterday (March 23) by the interim main board of the ...
  
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• Bonus for Pearson chief despite biggest loss in company's history

  24-03-2017 16:30 via theguardian.com
  
  John Fallon awarded total of £1.5m, including a £343,000 bonus, after world’s largest educational publisher reports £2.6bn pre-tax lossThe total pay of John Fallon, the chief executive of Pearson, increased by 20% last year, despite the FTSE 100 company reporting the biggest loss in its history and the prime minister, Theresa May, criticising boardroom excess.The world’s largest educational publisher reported a pre-tax loss of £2.6bn for 2016, but awarded Fall
  
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• Markets cautious after crucial US healthcare vote delayed - as it happened

  24-03-2017 16:05 via theguardian.com
  
  Trump issued an ultimatum after the vote was postponed on his bill to replace Obamacare, raising fears about his ability to push through other growth-boosting reformsCongress plans Friday vote as Trump gives ultimatum to RepublicansEC president Juncker: Brexit is a failure and a tragedyPound could fall as low as $1.06, Deutsche Bank warnsBrexit watch: squeeze on living standards begins 3.05pm GMTBefore we close up for the day, let’s take a look at the markets.Wall Street is holding on to e
  
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• Cadbury says chocolate could get smaller after Brexit

  24-03-2017 14:56 via theguardian.com
  
  Company commits to UK but says consumers could pay more or get less confectionery as a result of exit from EUCadbury has said it may have to raise prices or shrink the size of its products after Brexit, but has committed to staying in the UK.Glenn Caton, who is in charge of Cadbury in Britain, told the Guardian the company would change and adapt to the terms of Britain’s exit from the EU and that the country would still be the “home of chocolate manufacturing”.Continue reading.
  
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• New £1 coin: Tesco to unlock every trolley as it misses deadline

  24-03-2017 14:37 via theguardian.com
  
  Supermarket fails to convert carts in time, as warning comes of issues with parking meters and vending machines on TuesdayTesco is unlocking 100,000 of its coin-operated supermarket trolleys after the grocery giant failed to convert them in time for the launch of the 12-sided £1 coin on Tuesday.A Tesco spokesperson said: “We’re replacing the locks on our trolleys to accept old and new pound coins as well as existing trolley tokens. We will unlock all our trolleys while this pro
  
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• Second cycle courier wins holiday pay at gig economy tribunal

  24-03-2017 13:56 via theguardian.com
  
  CitySprint pulled up again as judge rules contractors are employees if they can’t decide on pay, break and time off
  A second cycle courier has won the right to paid holidays and minimum pay in a ruling that could cause major upheaval in the gig economy.The central London employment tribunal ruled that Excel, a courier company which is now part of CitySprint, had unlawfully failed to award Andrew Boxer holiday pay and wrongly classed him as an independent contractor. Continue reading...
  
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• 'Am I bothered, Tony Blair?' Nine of the best Comic Relief moments

  24-03-2017 13:37 via theguardian.com
  
  Love it or hate it, the charity Comic Relief has been raising money for an unbelievable 32 years. We pick some of the highlights
  Can Comic Relief seriously have been going for 32 years? Founded in 1985 by actor Lenny Henry and writer Richard Curtis after the latter had visited Sudan, the aim, Curtis once said, was “to raise money, but I also knew that it was fine to be as funny as we could be while doing it”. It can be patronising, infuriating, and dull. As David Lammy argues, it hel
  
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• Markets concerned after crucial US healthcare vote delayed - business live

  24-03-2017 13:30 via theguardian.com
  
  Trump issued an ultimatum after the vote was postponed on his bill to replace Obamacare, raising fears about his ability to push through other growth-boosting reformsCongress plans Friday vote as Trump gives ultimatum to RepublicansEC president Juncker: Brexit is a failure and a tragedyPound could fall as low as $1.06, Deutsche Bank warnsBrexit watch: squeeze on living standards begins 12.30pm GMTThe troubled Co-operative Bank says it has received a number of serious approaches from potential bu
  
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• Pound could collapse by the end of the year, says GERMANY'S Deutsche Bank

  24-03-2017 13:28 via feedproxy.google.com
  
  DEUTSCHE BANK has forecast the pound could collapse by another 15 per cent by 2017.
  
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• Sale still on: Co-operative Bank says number of 'credible' bidders still interested

  24-03-2017 12:33 via feedproxy.google.com
  
  THE Co-operative Bank said a number of “credible” bidders are still eyeing the troubled lender as it revealed an April deadline for preliminary offers.
  
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• From smugglers to supermarkets: the 'informal economy' touches us all

  24-03-2017 12:13 via theguardian.com
  
  You may think that a smuggler in the Tunisian desert has nothing to do with your trip to the supermarket. You’re wrongAs I talk to him, Ahmed pulls his chair into his store to escape the hot Tunisian sun. He is a retired teacher – the years of screaming children can be counted in the rings framing his eyes. Behind him is his merchandise. To make up for a small pension, Ahmed is selling kitchenware in a market near the Libyan border, over four hundred tiny concrete garages surround hi
  
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• How has the Brexit vote affected the UK economy? March verdict

  24-03-2017 11:37 via theguardian.com
  
  How has the economy reacted to the vote to leave the EU last June? <a href="https://www.theguardian.com/business/series/brexit-data-snapshot">Each month</a> we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK Continue reading...
  
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• Brexit economy: UK faces squeeze on living standards

  24-03-2017 11:30 via theguardian.com
  
  The latest monthly Guardian analysis finds signs of a slowdown as prices rise and real pay shrinks• Help fund our journalism by becoming a Guardian supporterBritish households are being warned to prepare for a tightening squeeze on living standards, as a Guardian analysis shows the Brexit vote’s blow to the pound is stoking inflation while pay packets are shrinking in real terms.As Theresa May prepares to trigger article 50 next week, kicking off the formal process of the UK leaving t
  
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• Co-operative Bank says it has interest of several credible buyers

  24-03-2017 11:12 via theguardian.com
  
  The bank, which recently reported a £477m full-year loss, put itself up for sale last month in a bid to raise more capitalThe loss-making Co-operative Bank has confirmed that several credible parties have expressed an interest in buying it. Related: Co-op Bank warns of more branch closures as it reports £477m lossContinue reading...
  
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• Euro news: GBP/EUR rate loses ground after quarterly eurozone private sector growth

  24-03-2017 11:11 via feedproxy.google.com
  
  The GBP/EUR exchange rate has retreated from highs this morning after eurozone business surveys showed an unexpected acceleration in economic activity during March.
  
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• Broadband users in line for millions in Ofcom compensation plan

  24-03-2017 10:31 via theguardian.com
  
  Telecoms watchdog proposes making providers pay automatic compensation for 7.2m customer service failings each yearBroadband and landline customers who suffer poor service could get millions of pounds of money back automatically under a scheme proposed by Ofcom.The telecom watchdog has published proposals to make providers pay for slow repairs and missed deadlines and appointments.Continue reading...
  
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• Millions of UK workers at risk of being replaced by robots, study says

  24-03-2017 08:30 via theguardian.com
  
  Workers in wholesale and retail sectors at highest risk from breakthroughs in robotics and artificial intelligence, PwC report findsMore than 10 million UK workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age.A report by the consultancy firm PwC found that 30% of jobs in Britain were potentially under threat from breakthroughs in artificial intelligence (AI). In some sectors half the jobs could go. Continue read
  
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• Next stop China: how small businesses can tame the dragon

  24-03-2017 08:00 via theguardian.com
  
  Trading in China may seem an unattainable goal, but for SMEs that embrace cultural differences and focus on building relationships, opportunities aboundEarlier this month, the Chinese premier, Li Keqiang, announced China’s 2017 GDP growth target was 6.5%. This was down from last year’s 7%, but is still impressive compared to the UK’s 2% figure. China’s expanding economy presents plenty of opportunities for UK small businesses, particularly in the wake of the Brexit vote.
  
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• How can I carry on as a store team leader now it is beyond stressful?

  24-03-2017 08:00
  
  We have to stand in when managers leave at 5pm and when the living wage went up, we lost double pay for bank holidays 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 have worked as a team leader in a store for six years for a large retail company. In the past six months the job we are exp
  
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• A home with a standing stone – in pictures

  24-03-2017 08:00 via theguardian.com
  
  On the Isle of Man lies a Victorian town house with sea views and a menhir in the garden, perfect for those seeking a prehistoric period feature Continue reading...
  
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• Gentrification isn't a benign process: it forces people from their homes | Dawn Foster

  24-03-2017 07:55
  
  Few things are more likely to make your latte taste bitter than being confronted with the human reality of gentrification. Invariably, on leaving King’s Cross station in London every morning, the first person to speak to me is not an editor or colleague, but a complete stranger who explains they’re homeless and would appreciate any change. It’s rare to see the same person twice: many homeless people sit outside the station whatever the weather. The Financial Times columnist Jan
  
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• Deutsche Bank puts faith in Brexit as it signs 25 year lease for London HQ

  24-03-2017 07:38 via feedproxy.google.com
  
  DEUTSCHE Bank has kept its faith in the City being the hub of European banking with plans for a new London HQ.
  
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• 100,000 more children missed school for family holiday last year, figures show

  24-03-2017 07:00
  
  Government data reveals sharp rise in unauthorised leave during term-time in EnglandThere has been a sharp rise in the number of children missing school in England because of unauthorised family holidays, according to the latest government figures.While overall pupil absence rates have remained stable and are at a historic low, figures published by the Department for Education reveal that an additional 100,000 children missed school for an unauthorised family holiday in 2015/16 compared with the
  
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• The CommBank contradiction: support for cricket and fossil fuels | David Ritter

  24-03-2017 02:20 via theguardian.com
  
  Extreme heat endangers cricketers yet the bank is Australia’s most significant private investor in climate-change-inducing fossil fuelsContrary to most expectations, the Australia-India Test series is proving to be an absolute cracker, with the teams locked together 1-1 going into the decider that begins on Saturday in Dharamsala. Australian commercial sponsors of sport must always be delighted when the results are close, wherever they are played. Excitement means more viewers, leading to
  
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• City news: Ted Baker, RBS, Eddie Stobart and Adnams

  24-03-2017 01:01 via feedproxy.google.com
  
  TED Baker will continue its overseas expansion, having weathered tougher trading conditions in the US and Asia to post higher annual profit.
  
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• Britain trails most of Europe on maternity pay, says TUC

  24-03-2017 01:01
  
  Women in UK get six weeks of ‘decently paid leave’, and only Ireland and Slovakia have a worse deal Britain is near the bottom of the European league for paid maternity leave, while Croatia, Hungary and the Czech Republic offer the most generous deals to female workers, according to the TUC.
  New mothers in the UK receive six weeks of what the TUC calls “decently paid maternity leave” – which it defines as two-thirds or more of previous earnings. Women in the UK are
  
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• UK exporters enjoying 'sweet spot' before Brexit - but BoE makes gloomy prediction

  24-03-2017 01:00 via feedproxy.google.com
  
  BRITISH exporters cannot count on enjoying the "sweet spot" which was created by the Brexit vote last year, a top Bank of England official has said, underscoring the BoE's cautious view on the outlook for the economy.
  
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• New pound coin: 12-sided piece enters circulation NEXT week - here's what you need to know

  24-03-2017 01:00 via feedproxy.google.com
  
  A NEW 12-sided £1 coin starts to enter circulation next week, as the old "round pound" will not be around for much longer.
  
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