Financial news

• Tesco defend £3.7bn bid to takeover wholesaler Booker

  28-03-2017 23:38 via feedproxy.google.com
  
  TESCO has defended its £3.7billion takeover bid for wholesaler Booker after criticism from leading shareholders, as it took a £235million hit to draw a line under an accounting scandal.
  
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• Britain's new £1 suffers teething problems; US stock market ends losing run - as it happened

  28-03-2017 22:10 via theguardian.com
  
  We’ve road-tested the new 12-sided coin, and found that some ticket and vending machines don’t actually accept itLatest: Dow Jones ends 8-day slideUS consumer confidence hits 16-year highBritain launches new 12-sided £1 coinBut it doesn’t work here....or here...City ponders Trump’s next move after healthcare setback
  Rand hit by speculation over finance minister’s future9.09pm BSTBreaking! The Dow Jones industrial average has ended its eight-day long run of los
  
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• UK opens new consultation on caste discrimination - The Financial ... - Financial Express

  28-03-2017 21:15
  
  Financial Express
  UK opens new consultation on caste discrimination - The Financial ...
  Financial Express
  The British government today opened a new consultation process to determine whether to enact laws against caste-based discrimination in the country.en meer »
  
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• UK opens new consultation on caste discrimination - Financial Express

  28-03-2017 21:15
  
  Financial Express
  UK opens new consultation on caste discrimination
  Financial Express
  The British government today opened a new consultation process to determine whether to enact laws against caste-based discrimination in the country. By: PTI | London | Published: March 29, 2017 12:44 AM. 0. Shares. Facebook · Twitter · Google Plus ...en meer »
  
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• The new 12-sided £1 coin launches – but you may not be able to use it

  28-03-2017 20:55
  
  New coin faces teething problems, with some ticket and vending machines, as well as shopping trolleys, unable to take itThe new 12-sided £1 coin officially went into circulation on Tuesday, but immediately ran into some teething problems as it emerged that not all ticket, vending machines and supermarket trolleys have yet been adapted to accept it. Related: The new £1 coin – in picturesContinue reading...
  
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• UK nuclear plans could be hit by Westinghouse financial crisis ... - The Guardian

  28-03-2017 20:48
  
  The Guardian
  UK nuclear plans could be hit by Westinghouse financial crisis ...
  The Guardian
  Toshiba's US subsidiary, which has technology in about half world's reactors, expected to file for bankruptcy protection.en meer »
  
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• UK nuclear plans could be hit by Westinghouse financial crisis - The Guardian

  28-03-2017 20:48
  
  The Guardian
  UK nuclear plans could be hit by Westinghouse financial crisis
  The Guardian
  An artist's impression of the Moorside nuclear plant in Cumbria, in which Westinghouse is a key player. Photograph: NuGeneration Limited/PA. Energy industry. UK nuclear plans could be hit by Westinghouse financial crisis. Toshiba's US subsidiary, which ...en meer »
  
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• Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley

  28-03-2017 19:48 via theguardian.com
  
  The supermarket giant can move on after the accounting scandal, although restless shareholders could spell troubleFor Tesco, a £235m bill to settle investigations by the Serious Fraud Office and Financial Conduct Authority counts as a tidy piece of business. The sum will wipe out almost 20% of operating profits last year, but the company’s negotiating power was approximately zero after it had confessed to a £326m overstatement of profits in 2014. Assuming the deferred prosecuti
  
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• Trump is wrong to criticise Germany over trade – he should look closer to home

  28-03-2017 18:32 via theguardian.com
  
  The president thinks Germany’s trade surplus is the result of manipulating the euro, but Wall Street fuelled the problem Donald Trump has criticised Germany’s enormous current account surplus, which he considers the result of German currency manipulation. But the president is wrong. While Germany’s external surplus, at 8% of GDP, is big – too big – it is not the result of currency manipulation by Germany. The real culprits are an inflationary credit bubble in southe
  
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• Scottish Parliament backs Independence vote in defiance of UK - Financial Express

  28-03-2017 18:25
  
  Financial Express
  Scottish Parliament backs Independence vote in defiance of UK
  Financial Express
  Scottish lawmakers backed plans by the nationalist government in Edinburgh to pursue a second independence referendum, setting up what may be a lengthy and acrimonious showdown within the UK in the midst of Brexit negotiations. By: Bloomberg ...en meer »
  
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• BrewDog threatened lawsuit against plan for bar with 'punk' in name

  28-03-2017 17:38 via theguardian.com
  
  News emerges the day after the brewer blamed ‘trigger-happy’ lawyers for sending legal threats to a family-run pubBrewDog threatened legal action to prevent a bar from using the term “punk” in its name, it has emerged, a day after the brewer blamed “trigger-happy” lawyers for a similar dispute that sparked a social media backlash.The brewer, which has been a vocal critic of the behaviour of large corporations, raised an objection to plans by music promoter Ton
  
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• Landlord investigated over 'disgusting remark' about 'coloured' people

  28-03-2017 17:24
  
  Equalities watchdog acts over reported directive by Fergus Wilson, UK’s biggest buy-to-let millionaire, to lettings agencyThe equalities watchdog has threatened Fergus Wilson, Britain’s biggest buy-to-let landlord, with legal action after he reportedly tried to ban “coloured” tenants from his properties.Wilson, who owns nearly 1,000 homes across Ashford and Maidstone in Kent, is said to have told a lettings agency, Evolution, that “coloured” people leave a sme
  
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• Does a robot brickie dream of electric tea? | Joanna Griffin

  28-03-2017 15:57
  
  A proposal to use robo-bricklayers on building sites is no laughing matter. Just ask my dad and his matesLast year I made a show, Bricking It, with my 74-year-old builder dad, Pat. The premise was a job swap – comedy virgin Pat would learn how to be a comedian, while I would learn the ropes of bricklaying. Pat had never been on stage before. He was born in the rural west of Ireland and emigrated to England in his mid-teens.Fast forward 60 years and Pat was shocked to find himself on stage,
  
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• The new £1 coin explained in one minute – video report

  28-03-2017 15:22
  
  The old £1 coin is being phased out for a new bimetallic 12-sided coin that’s more difficult to forge, and even has a ‘hidden security feature’. The old round pounds can still be spent in shops until 15 October. After that they will have to be exchanged at a bank or building societyBritain’s new £1 suffers teething problems – business liveQuids in: why it’s time to get rid of your £1 coins
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• Pension crisis looms as one in five Britons has no savings for their old age

  28-03-2017 14:37 via feedproxy.google.com
  
  BRITAIN'S looming pensions' crisis has been highlighted by new research which shows that a staggering one in five working Britons have NO pension savings at all.
  
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• Coca-Cola calls in police after human waste is found in cans

  28-03-2017 14:32 via theguardian.com
  
  Northern Ireland factory halts production after machine became clogged with faeces, though no contaminated drinks reached shelvesCoca-Cola has called in police to investigate how human waste turned up in a consignment of its drink cans at one of the company’s factories in Northern Ireland.The Police Service of Northern Ireland confirmed on Tuesday it had opened an inquiry into how faeces ended up in the cans at the Helllenic Bottling Company factory in Lisburn, Co Antrim. Continue reading.
  
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• UK financial services "set for post-Brexit boost" - Re:locate Magazine

  28-03-2017 13:53
  
  Re:locate Magazine
  UK financial services "set for post-Brexit boost"
  Re:locate Magazine
  EY's Item Club predicts that UK financial services will experience a "pronounced pick-up" after Brexit negotiations are completed. EU and UK flag illustrating article about EY\'s forecast for post-Brexit. David Sapstead. David Sapsted. 28 March 2017 ...en meer »
  
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• UK banks face tougher financial tests - Moneywise Magazine

  28-03-2017 13:11
  Moneywise Magazine
  UK banks face tougher financial tests
  Moneywise Magazine
  Banks in the UK will be forced to prepare for a global economic downturn, as the Bank of England introduces tougher stress tests. The central bank carries out these tests each year on the UK's major banks. It usually assesses whether each bank would be ...
  UK banks face tougher stress testingFinancial News (subscription)
  BoE: Brexit, Household Indebtedness Main Risks To UK's Financial StabilityRTT Newsalle 76 nieuw
  
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• UK financial services growth to slow - economia

  28-03-2017 13:08
  UK financial services growth to slow
  economia
  The uncertainty and volatility caused by concerns over the UK's EU exit will lead to lower levels of lending and spending over next couple of years, but the sector will pick up again in 2020, according to EY's Item Club. “Brexit and wider geopolitics ...
  
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• UK's Financial Conduct Authority selects Cognizant for tech revamp - Banking Technology

  28-03-2017 13:01
  UK's Financial Conduct Authority selects Cognizant for tech revamp
  Banking Technology
  FCA-logo The UK's Financial Conduct Authority (FCA) has chosen Cognizant for an overhaul of its core IT applications and quality assurance processes related to the agency's market surveillance, supervisory analysis, reporting and risk management ...en meer »
  
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• Suddenly our Diamond holiday has lost its sparkle

  28-03-2017 09:00
  
  We have paid half the cost of a trip in June but the company has ceased tradingI have just been told that Diamond Rail has ceased trading. I booked a holiday with it in August last year for this June, and paid £579.90 with my card – about half the total and with the balance due shortly. I have rung customer services and just get a recorded message. I have also called Arena Travel which, I gather, has taken it over – but again I get a recorded message giving a different number t
  
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• Tesco facing fine of £129MILLION from Serious Fraud Office

  28-03-2017 08:20 via feedproxy.google.com
  TESCO is facing a £129 million fine from the Serious Fraud Office, but will not be prosecuted over claims of false accounting, the supermarket giant has said.
  
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• The SMEs cashing in on the weak pound

  28-03-2017 08:00 via theguardian.com
  
  Many small businesses are reporting a roaring trade in exports and high street sales to tourists thanks to a 15% dip in the value of the poundFor the public, the price of Marmite was probably the most noticeable impact of the pound losing around 15% of its value since June last year. But the flipside of the coin is that many SMEs are reporting a boost in overseas sales caused by the weaker pound as well as improved sales on the high street as tourists are finding their currency goes much further
  
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• Poundland's 99p Stores fall into administration: 60 shops across the UK SHUT

  28-03-2017 07:19 via feedproxy.google.com
  
  HIGH street chain 99p Stores has shut 60 stores, after the Poundland-owned company fell into administration.
  
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• Watchdog finds £3bn in child support arrears may never be collected

  28-03-2017 07:01
  
  Results follow National Audit Office’s examination of winding up former Child Support Agency and its replacement by new Child Maintenance Service
  At least £3bn in child maintenance payments ordered by the former Child Support Agency (CSA) may never be paid, the Whitehall spending watchdog has said.According to a National Audit Office (NAO) report, three-quarters of the £4bn in payments owed by absent parents – some dating back more than 20 years – are considered &ld
  
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• Improve shared parental leave to cut gender pay gap, urge MPs

  28-03-2017 07:00
  
  Cross-party group of MPs calls for three months of non-transferable paid paternal leave and a strategy for low-paid jobsThe government must do more to improve the sharing of parental leave if it wants to reduce the gender pay gap, a cross-party group of almost 50 MPs has urged in a letter backed by women’s and family charities. Continue reading...
  
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• A future after oil and gas? Norway's fossil-free energy startups

  28-03-2017 07:00 via theguardian.com
  
  Petrochemicals are still king in Norway, but the country has a growing renewables sectorØyvind Christian Rohn spent more than two decades in the oil and gas industry. But the 50-year-old from Skedsmo, near Oslo in Norway, has just set out on a new fossil-free career path: developing offshore solar power technology.An alternative energy startup Ocean Sun, that he co-founded, has developed technology that will mean solar farms can float on the ocean surface, with their power transmitted bac
  
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• A future after oil and gas? Norway's fossil-free energy start-ups

  28-03-2017 07:00 via theguardian.com
  
  Petrochemicals are still king in Norway, but the country has a growing renewables sectorØyvind Christian Rohn spent more than two decades in the oil and gas industry. But the 50-year-old from Skedsmo, near Oslo in Norway, has just set out on a new fossil-free career path: developing offshore solar power technology.His alternative energy startup, Ocean Sun has developed technology that will mean solar farms can float on the ocean surface, with their power transmitted back to land. Since ph
  
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• City News: Babcock nuclear deal, Virgin post profits and Hurricane Energy find oil

  28-03-2017 01:01 via feedproxy.google.com
  
  BABCOCK International saw a fall of 39½p to 877p after the support services group terminated a major Government contract to decommission and manage 12 nuclear sites.
  
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• GBP Latest: Euro fails to gain on pound ahead of Scottish independence vote

  28-03-2017 01:00 via feedproxy.google.com
  
  THE pound was able to hold its own against the euro on Tuesday despite provocative comments from a European Central Bank board member.
  
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