Financial news

• India, UK vow to fight tax evasion, up financial service synergy - Financial Express

  04-04-2017 20:31
  
  Financial Express
  India, UK vow to fight tax evasion, up financial service synergy
  Financial Express
  The UK and India share a common commitment to addressing cross-border tax evasion and avoidance and agree to collaborate in determining the status of wealth deposited in foreign financial accounts by nationals of both countries. By: PTI | New Delhi ...
  9th UK-India Economic and Financial Dialogue held in DelhiDaily News & Analysisalle 113 nieuwsartikelen »
  
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• UK will triple its financial commitment to disarming landmines, Prince Harry to ... - The Independent

  04-04-2017 20:29
  
  The Independent
  UK will triple its financial commitment to disarming landmines, Prince Harry to ...
  The Independent
  The UK is to triple its funding commitment to the disarming of landmines around the world, as Prince Harry launched an initiative building on the work of his later mother Princess Diana. The Department for International Development has announced it ...en meer »
  
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• Will populist leaders stifle the global recovery – or vice versa?

  04-04-2017 19:39 via theguardian.com
  
  Politicians such as Donald Trump, Marine Le Pen and Beppe Grillo are wildcards that could kill off gathering growthAfter nine dreary years of downgrading their GDP forecasts, macroeconomic policymakers around the world are shaking their heads in disbelief: despite a populist-propelled wave of political tumult, global growth is actually set to outperform expectations in 2017.It’s not just American exceptionalism. Although US growth is very strong, Europe has been outperforming expectations
  
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• Pound latest: GBP/EUR weaker as French election back in the spotlight

  04-04-2017 19:27 via feedproxy.google.com
  
  THE pound is holding yesterday’s losses against the euro and if tomorrow’s UK services PMI comes in below forecast, the GBP/EUR pairing could have further to fall.
  
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• No yolk: Cadbury and National Trust say Easter egg row is nonsense

  04-04-2017 19:15 via theguardian.com
  
  Chocolatier and charity say there are many references to Easter in their egg hunt marketing after Theresa May weighs in to rowFor many, it was a storm in an egg cup. But the supposed removal by Cadbury and the National Trust of references to Easter from material promoting egg hunts across the country was enough to divert the prime minister’s attention from international diplomacy and trade to garishly-wrapped confectionery.It was “absolutely ridiculous”, Theresa May said in Amm
  
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• Asos chief says warehouse conditions are 'great' despite complaints

  04-04-2017 19:13 via theguardian.com
  
  CEO Nick Beighton worked a shift at site where it is claimed workers often went without water and toilet breaksNick Beighton, the chief executive of online fashion retailer Asos, has said he has put in a shift at the Barnsley warehouse where concerns were raised about working practices last year and found conditions to be “great”.Six local MPs recently visited the warehouse after reports workers often went without regular toilet or water breaks. The company branded those claims &ldqu
  
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• MEPs vote to ban the use of palm oil in biofuels

  04-04-2017 19:04 via theguardian.com
  
  MEPs say a ban, which needs approval from the European commission, is needed to avoid renewable targets contributing to deforestationMEPs have voted overwhelmingly to ban biofuels made from vegetable oils including palm oil by 2020, to prevent the EU’s renewable transport targets from inadvertently contributing to deforestation. A new palm oil regulation, minimum sustainability criteria, customs duty reforms and anti-deforestation articles in future EU trade deals were also approved with a
  
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• UK's Moorside nuclear project in turmoil as Toshiba's French partner backs out

  04-04-2017 18:55 via theguardian.com
  
  Troubled tech giant forced to take sole ownership of NuGen after Engie sells stake, adding to uncertainty over plan for three reactorsToshiba has been forced to buy out the French utility Engie from a project to build three nuclear reactors in Moorside, northwest England, further straining the Japanese company’s finances and adding to uncertainty over the project. Engie said on Tuesday it was exercising its right to sell its 40% stake in the NuGen venture to Toshiba following the bankruptc
  
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• UK construction growth slows, as US trade deficit hits two-year low - as it happened

  04-04-2017 18:31 via theguardian.com
  
  All the day’s economic financial news, including a new healthcheck on Britain’s builders Latest: US trade gap narrowsAnti-austerity protests in Greece (again)UK construction growth slowsBuilders worried about finding workers after Brexit
  Rand biffed after S&P downgrades South Africa
  ‘Angst in the markets’ 5.31pm BSTWith the rise in crude prices helping to lift energy stocks, European shares have ended the day in positive territory. A recovery on Wall Street after an e
  
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• Cambridge homes covered with Latin graffiti in protest at rising prices

  04-04-2017 17:42 via theguardian.com
  
  Vandalism of houses on market for £1.25m each points to discontent in area where average home costs 12 times salaryA new luxury development in Cambridge has been found vandalised with graffiti. In a surprising move the culprits decided to use Latin, painting the words “loci populum!” and “locus in domos” in large letters across the front and sides of the houses in Water Street, Chesterton.Mary Beard, professor of classics at Cambridge University, told the BBC: &ldqu
  
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• Premium Bond winners to FALL in May: Savers warned as returns tumble

  04-04-2017 17:21 via feedproxy.google.com
  
  RETURNS on Premium Bonds will plunge next month as the number of prizes and payouts are slashed, in further misery for Britain's savers.
  
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• Markets on EDGE as Marine Le Pen chances of winning French election RISE

  04-04-2017 17:13 via feedproxy.google.com
  
  MARKET nerves have surged to levels last seen since the eurozone crisis in select areas, after Marine Le Pen's odds of winning the French election crept up.
  
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• The property billboards that reveal the truth about Britain’s luxury housing market

  04-04-2017 17:12 via theguardian.com
  
  The glossy advertising around high-end building sites in major cities show expensive developments bustling with white thirtysomethings. Who are they aimed at, exactly?‘We don’t do ordinary,” declares the billboard at the entrance to the Battersea power station building site in London, where cranes are busy conjuring up a new world of 3,500 homes, 150 shops and 15,000 jobs from the mud. After standing derelict for decades, Giles Gilbert Scott’s majestic temple to electrici
  
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• Pound down against euro: Sterling hit by slowing housebuilding

  04-04-2017 17:05 via feedproxy.google.com
  
  THE pound fell against the euro and US dollar after slower housebuilding hit construction output last month.
  
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• Up to 100,000 UK jobs at risk as Merkel and Juncker ally warns on euro clearing

  04-04-2017 16:53 via theguardian.com
  
  EU lawmaker Manfred Weber says sector must relocate out of City of London after BrexitThe future of an estimated 100,000 jobs has been plunged into doubt after a close political ally of the German chancellor, Angela Merkel, and president of the European commission, Jean-Claude Juncker, warned that a prized sector in the City of London must relocate to EU soil after Brexit.Manfred Weber, the leader of the centre-right European people’s party – the largest political group in the Europe
  
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• Plymouth man named UK's top young financial advisor | Plymouth ... - Plymouth Herald

  04-04-2017 16:16
  Plymouth Herald
  Plymouth man named UK's top young financial advisor | Plymouth ...
  Plymouth Herald
  A Plymouth man has been named the best young financial advisor in the country. Sean Irwin triumphed at the national Unbiased Media Awards 2017. He was ...en meer »
  
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• Tesla charges ahead to overtake Ford in market value

  04-04-2017 15:31 via theguardian.com
  
  Elon Musk’s electric car company has been valued at $49bn, leaving the 100-year-old motor manufacturer lagging behindOne is an automotive titan that has built more than 350m vehicles in an illustrious history spanning more than a century.The other is less than 15 years old and has never made a profit. Continue reading...
  
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• GBP v AUD: Pound up against Australian dollar as RBA leaves interest rates on hold

  04-04-2017 15:01 via feedproxy.google.com
  
  THE pound strengthened against the Australian dollar this morning following the decision by the Reserve Bank of Australia to leave interest rates unchanged.
  
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• North Sea oil and gas industry cost UK taxpayer £396m in 2016

  04-04-2017 14:25 via theguardian.com
  
  Analysis shows sector was a net drain on UK finances for first time, put down to slump in oil price and demandBritain’s North Sea oil and gas industry was a net drain on the UK’s public finances for the first time last year, as the slump in the oil price hit company profits.The sector received £396m, net of tax payments, from the government in 2016 compared with a contribution to the exchequer of £381m the previous year, according to analysis by energy specialist Carbon B
  
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• Bank of England sounds new alarm over consumer credit binge

  04-04-2017 14:17 via theguardian.com
  
  Minutes show Bank is growing concerned at mounting risk to lenders as consumers tap looser borrowing conditionsThe Bank of England has flagged up new concerns about the rapid growth in consumer borrowing as Britons rack up debt on credit cards, car purchase schemes and personal loans.Reinforcing recent warnings from the Bank about signs of a borrowing binge, minutes from a policy meeting published on Tuesday suggested it was worried about looser lending conditions such as higher maximum loan lim
  
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• How to stop deforestation: 'Indigenous people are the best park rangers'

  04-04-2017 13:49 via theguardian.com
  
  Trees soak up greenhouse gases, so how do we ensure their protection? Our experts offer seven ideas for the conservation and restoration of forests
  Countries need to stop using outdated fiscal policies for agriculture. In some places, such as Brazil and Indonesia, the amount spent by their governments on subsidising agriculture is more than 100 times higher than the international funding provided to those countries for forest conservation. It sends out a contradictory message if a government is
  
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• Fears for state pension: Over-55s believe vital income could be SCRAPPED by Government

  04-04-2017 13:35 via feedproxy.google.com
  
  MORE than half of over-55s worry the state pension could be axed, leaving them without a crucial source of income in retirement.
  
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• World economy facing ANOTHER CRISIS amid scourge of low productivity, warns IMF

  04-04-2017 12:54 via feedproxy.google.com
  
  THE world faces an erosion in living standards and further economic turmoil amid a plague of low productivity, which has set in following the financial crisis, the Head of the International Monetary Fund warned.
  
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• Reserve Bank head warns house price speculation is a risk to Australian economy

  04-04-2017 11:42 via theguardian.com
  
  Philip Lowe says too many interest-only loans being issued to people with the ‘skinniest of buffers’ and blames tax policies, such as negative gearing The Reserve Bank governor, Philip Lowe, has warned the cycle of surging house prices, where people are investing in residential property in the hope of ongoing capital gains, further fuelling house prices, is a risk to Australia’s economy.He has warned too many loans are still being made to borrowers with the “skinniest of
  
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• The case for a three-day weekend is clear – let’s start planning now | Caroline Lucas and Jonathan Bartley

  04-04-2017 11:30 via theguardian.com
  
  Less work would heal the injustices of modern working life as well as making people happier and healthierImagine you’d had an extra day off work today. What would you have done? Spent more time with friends or family? Been to visit someone who needs help at home? Taken the kids to the park? Sat down and, finally, just relaxed in front of the TV?It might sound fanciful but these issues are at the heart of a problem that’s afflicting our society: many of us work too much. How often do
  
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• Sharp rise in UK food prices inflates household shopping bill

  04-04-2017 11:17 via theguardian.com
  
  Supermarket moves to ditch promotions coupled with weakened pound following Brexit vote add average £21.31 to quarterly food billsA sharp rise in food prices has added £21.31 to the average household shopping bill over the past three months as the number of promotions fell to an 11-year low, according to new grocery market data.The price of everyday goods at supermarkets rose 2.3% in the three months to 26 March from a year ago, said Kantar Worldpanel, a sharp pick-up from the 0.2% f
  
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• 'Embrace adversity' – Confessions of a Small Business

  04-04-2017 11:07 via theguardian.com
  
  If you don’t experience tough times, you’re not putting yourself out there enough. That was the verdict of the entrepreneurs at our first Confessions of a Small Business seminar. Catch up with what you missedSubscribe and review on iTunes, Soundcloud & Mixcloud and join the discussion on Facebook and Twitter.On 6 February, 50 entrepreneurs attended a seminar run by the Guardian Small Business Network about overcoming adversity in business.Continue reading...
  
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• City news: Burberry, BP, WS Atkins and Reckitt Benckiser

  04-04-2017 10:56 via feedproxy.google.com
  
  BURBERRY has a licensing deal with US beauty products giant Coty to boost its fragrances and cosmetics business.
  
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• You're hired? New levy and tougher rules signal apprenticeship shakeup

  04-04-2017 09:02 via theguardian.com
  
  Ministers say 3m earning and learning schemes will plug the UK skills gap but critics say new levy is yet another financial burden for businessesWhen Mohammed Choudhury was studying for A-levels, one of his teachers mentioned apprenticeships as an alternative to university. Now the 19-year old is learning computer coding and fixing software bugs for the Gloucestershire precision manufacturing firm Renishaw. Many of his friends went to university, but Choudhury has no regrets about picking a soft
  
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• UK holidaymakers must keep EU rights after Brexit, says Abta

  04-04-2017 08:01 via theguardian.com
  
  Government should ensure travellers keep benefits such as visa-free travel and free or reduced healthcare, says industry body The British travel industry is urging the government to protect the many benefits currently enjoyed by UK holidaymakers under EU membership, including visa-free travel and free or reduced healthcare, in Brexit negotiations.The Association of British Travel Agents (Abta) wants ministers to maintain Britons’ ability to travel freely within Europe and beyond and protec
  
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• Smile no more, as Co-op airport lounge passes managed to escape us

  04-04-2017 08:00 via theguardian.com
  
  We get two a year with our current account but were refused entry by DragonPassOur Co-op Smilemore current account, for which we pay £15.50 a month, gives each of us two passes a year to airport lounges before flights. It is administered by DragonPass.On 4 March this year we were refused access to the Escape Lounge at Manchester airport, despite it being 4.15am and the lounge almost empty. The receptionist claimed she had a busy day ahead and could not accommodate us, even though we only w
  
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• Ignore the nanny-state claims – credit card firms need to help those in long-term debt | Nils Pratley

  04-04-2017 01:46 via theguardian.com
  
  The FCA is right to try to force lenders to assist the millions languishing in persistent debtConcerns that the credit card industry creates, and then milks, over-indebted consumers are not new. It was as long ago as 2003 that Matt Barrett, then chief executive of Barclaycard owner Barclays, generated headlines when he told MPs that he had advised his children never to borrow on a credit card “because it’s too expensive”.His analysis was spot on, of course, which is why it is s
  
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