Financial news

• Fifteen hurt on Qantas flight after 'stick-shaker' warning activated

  12-04-2017 22:51 via theguardian.com
  
  Passengers on jet flying from Melbourne to Hong Kong experience sudden turbulence lasting about two minutesQantas is conducting an internal review of a serious mid-air incident during which 15 passengers were injured when a jet’s “stick-shaker” warning was activated.Passengers on board flight QF29 from Melbourne to Hong Kong were about an hour from their destination when the drama unfolded last Friday, lasting about two minutes. Continue reading...
  
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• The latest tax data proves it: negative gearing benefits the rich | Greg Jericho

  12-04-2017 22:00 via theguardian.com
  
  Scott Morrison is fond of telling us how nurses and teachers love to negative gear. But you know who uses negative gearing more? SurgeonsThe release of the taxation statistics for 2014-15 reveals that, while the number of people negative gearing has levelled in the past three years as interest rates have fallen, the greatest share of the benefits of negative gearing goes to above average earners – and the biggest growth is to those owning multiple properties.With housing affordability and
  
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• Google Home devices stop responding to Burger King's TV ad prompt

  12-04-2017 20:27 via theguardian.com
  
  The commercial, which features a man using the phrase ‘OK Google’, had prompted the devices to wake up, much to users’ frustrationPepsi has dominated the headlines over the past week for having the country’s most irritating and offensive TV advertisement, but Burger King briefly took the mantle on Wednesday with an ad that includes a command to wake up voice-activated Google Home devices.
  The 15-second ad features a man in a Burger King uniform leaning into the camera to
  
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• Our high streets don’t need new shops – they need new ideas | Suzanne Moore

  12-04-2017 20:00 via theguardian.com
  
  We can all laugh at knitted, vegan cupcake pop-ups – but the sociability of a shared space should not be underestimated I wonder if anyone has mapped the rise of the vaping shop on to the leave vote. Wandering down another semi-abandoned high street, the only new businesses appear to be purveyors of vaping and all its works. A sweet caramelly smell is in the air. Then, of course, another sunbed shop. Eyebrow threaders, waxers and nail bars. Why not treat yourself for under a tenner when mo
  
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• Liam Fox Tells UK Fintech Faithful: Today's Financial Revolutionaries will be ... - Crowdfund Insider

  12-04-2017 19:36
  
  Crowdfund Insider
  Liam Fox Tells UK Fintech Faithful: Today's Financial Revolutionaries will be ...
  Crowdfund Insider
  Affirming the future of Fintech, Rt. Honorable Liam Fox, MP, Secretary of State for International Trade, delivered a closing speech to the inaugural International FinTech Conference organized by DIT and HMT. Fox stated;. “Never before have prospects ...
  
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• Millions of EDF customers face second price rise this year

  12-04-2017 18:49 via theguardian.com
  
  Move by electricity and gas supplier increases pressure on Theresa May to intervene over energy costsThe government is under mounting pressure to take strong action on rising energy bills after one of the “big six” suppliers imposed its second price hike this year on 1.5 million customers. The consumer group Which? urged Theresa May to step in if energy groups, which have made a series of tariff increases in 2017, do not help households circumvent the steepest increases. Continue rea
  
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• Why dental floss and kippers explain your rising post-Brexit shopping bill

  12-04-2017 18:37 via theguardian.com
  
  Supermarkets know consumers are sensitive to price rises of staple items such as milk. So they have increased the cost of less regular items in the hope that people won’t noticeIf your weekly shopping bills seem to be going up, even though the price of a pint of milk is holding steady, there is a good reason for that. According to industry watchdogs, British supermarkets have responded to Brexit-induced inflation and the weaker pound by quietly hiking the cost of less regular purchase
  
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• UK to become India's financial partner of choice: UK Def Secy - Moneycontrol.com

  12-04-2017 18:33
  
  Moneycontrol.com
  UK to become India's financial partner of choice: UK Def Secy
  Moneycontrol.com
  Britain today said it is poised to be India's financial "partner of choice" and a close ally for defence production post Brexit. UK to become India's financial partner of choice: UK Def Secy. Britain today said it is poised to be India's financial ...
  UK ready for technology transfer to India for weapons productionFinancial Expressalle 48 nieuwsartikelen »
  
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• US senator presses Deutsche Bank for details of Trump loans

  12-04-2017 18:29 via theguardian.com
  
  Chris Van Hollen asks Germany’s biggest bank for assurances it will not use the US president’s loans as ‘leverage’Germany’s biggest bank is coming under pressure from a US senator to give further details of its lending to Donald Trump and meetings it has had with the administration.
  Chris Van Hollen has written to Deutsche Bank asking for assurances that it will not use the president’s outstanding multimillion-dollar loans as “leverage”. The Democr
  
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• Tesco shares tumble despite first UK growth in seven years

  12-04-2017 18:27 via theguardian.com
  
  Worrying outlook for inflation and prices sees stock fall despite 30% rise in operating profitTesco has reported its first year of sales growth in the UK since 2010, but good news for its vast domestic chain has been overshadowed by the stormy outlook for future trading as the weakness of sterling pushes up food prices. The UK’s largest retailer was the biggest faller in the FTSE 100 on Wednesday, with the shares finishing down more than 5%, despite beating City expectations with a 30% ris
  
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• What is the cheapest way to send money overseas? How to transfer money abroad

  12-04-2017 17:55 via feedproxy.google.com
  
  IT HAS been two weeks since Article 50 was triggered, officially starting the Brexit process, and the GBP/EUR exchange rate has more than recovered initial losses.
  
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• Millions of Britons say property is their pension - but fifth yet to buy

  12-04-2017 17:32 via feedproxy.google.com
  
  MILLIONS of adults risk spending their later years in poverty after banking on a property - that they don't even own - to fund retirement.
  
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• How Uber conquers a city in seven steps

  12-04-2017 17:19 via theguardian.com
  
  A new website, ‘Why everyone hates Uber’, argues that the company uses controversial tactics to bulldoze its way to domination – one city at a timeThe tides are turning for the poster child of the gig economy. Uber’s “disruptive” approach has up until now attracted investors like flies, leading to its valuation snowballing to $69bn. However, a string of allegations about sexual harassment, intellectual property theft and driver manipulation have called into qu
  
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• Final salary pension warning: Savers risk ruining retirement with transfers

  12-04-2017 16:24 via feedproxy.google.com
  
  MORE savers are opting out of generous final salary pension schemes in exchange for cash in a move that they could end up regretting, experts have warned.
  
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• Expert help for gardens on a budget, plus the older expats facing poverty

  12-04-2017 16:07 via theguardian.com
  
  Also, air-conditioned homes to keep you cool this summer and our Consumer Champions take on DFS and Virgin
  Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott

  12-04-2017 14:49 via theguardian.com
  
  UK living standards seem to be declining, as they did in the coalition years – but in very different economic circumstancesLooking back, the spring of 2015 was the perfect time for David Cameron to fight a general election. Tumbling oil prices had left inflation at zero and after a couple of years of falling unemployment, annual wage growth was nudging 3%. Rising real earnings translated into a feel-good factor that delivered a political dividend for the Conservatives.Two years on, the rea
  
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• French election 2017: Euro forecast to plunge LOWER as market panic rises

  12-04-2017 14:36 via feedproxy.google.com
  
  THE euro is set to drop further, amid rising market fear the looming French election could spark the beginning of the end of the eurozone.
  
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• Living standards in UK fall for the first time since 2014

  12-04-2017 14:14 via theguardian.com
  
  Despite another fall in unemployment and a rise in vacancies, inflation outstripped pay growth in FebruaryRising prices and stagnant wage growth have resulted in the first fall in living standards in two and a half years, according to official figures.Labour market data from the Office for National Statistics showed that regular pay in the UK in February was 1.9% higher than a year earlier and is running below the 2.3% increase in prices. Continue reading...
  
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• Greece bailout hangs in the balance: IMF still refusing to join ahead of looming deadline

  12-04-2017 13:34 via feedproxy.google.com
  
  GREECE's eurozone creditors are still at loggerheads with the International Monetary Fund over proposed economy reforms for the debt-stricken countries, Christine Lagarde confirmed today.
  
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• Chinese firm Hywin Financial buys UK wealth manager - Fund Strategy

  12-04-2017 12:53
  
  Chinese firm Hywin Financial buys UK wealth manager
  Fund Strategy
  Hywin Financial Holding Group has acquired UK wealth manager Azure Wealth, which will now be known as Hywin Wealth. Shangjia Monica Lin has been appointed chair of the board following the acquisition. Managing partner Massimo Scalabrini says: “All ...
  
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• NatWest banking chief executive Les Matheson – as it happened

  12-04-2017 12:45 via theguardian.com
  
  Ever wanted to grill a banking boss? Les Matheson is in charge of personal and business banking at NatWest parent company RBS, and he’ll be here to answer as many of your questions on Wednesday morning as he can. So ask away … 11.45am BSTAnd that’s it. Thanks for all your questions, sorry we couldn’t answer them all, but hopefully we’ve picked through most issues raised. 11.44am BSTWe’ve been running for nearly an hour now, so will wind things up. Thanks to L
  
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• Homes with air conditioning – in pictures

  12-04-2017 11:01 via theguardian.com
  
  It will be a breeze to stay as cool as a cucumber in these properties, located from London to Florida Continue reading...
  
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• Helping Young People Avoid Financial Hardship - Shout Out UK

  12-04-2017 08:16
  
  Shout Out UK
  Helping Young People Avoid Financial Hardship
  Shout Out UK
  Financial opportunities are few and far between for young people these days. Well-paid jobs are hard to come by and many of us are struggling to make ends meet. If, for some reason, we hit a period of financial hardship, we often don't have the funds ...
  
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• The older expats facing poverty – thanks to Brexit and frozen pensions

  12-04-2017 08:00 via theguardian.com
  
  The fall in the pound’s value coupled with post-EU uncertainty and pension regulations has led to alarm over the plight of many older British expatsAnne Puckridge isn’t scared for her future yet. But thanks to the post-Brexit fall in the value of the pound, that time may soon come.When the 93-year-old second world war veteran and lecturer moved to Canada in 2001, she expected to live in modest comfort on her UK pension. What she hadn’t realised, however, was that pension would
  
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• Great Western Railway's refund was way overdue

  12-04-2017 08:00 via theguardian.com
  
  It took four months for me to receive my money back after the station machine and ticket office couldn’t trace my ticketI booked online two return train tickets from London to Exeter. When I went to collect them the station machine didn’t recognise my reference number. Nor did the ticket office computer. I was advised to ring Great Western. Ten minutes before departure I was still queuing on its automated system so gave up and found a GWR official on the concourse. He told me my only
  
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• Cinema entrepreneurs return indies to their glory days

  12-04-2017 08:00 via theguardian.com
  
  Film fans are flocking to restored venues that offer a community feel and a luxury experienceIn its previous incarnations the room above the Spar in Clapton, Hackney, was a bingo hall, a shoe factory and a snooker hall. But in February this year the space in the east London art deco building returned to its original glory as a cinema. The rebirth was thanks to film fans Asher Charman and Danielle Swift. They threw their energy into a Kickstarter campaign to revive the old single-screen Castle El
  
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• Six jumbo jets long … the £2.4bn ship that can lift an oil rig

  12-04-2017 07:30 via theguardian.com
  
  As the Pioneering Spirit prepares for a record-breaking lift for Shell, we look at its role in cleaning up the North SeaFestooned with cranes, oil pipelines and manned by a crew of several hundred, the Pioneering Spirit sits in the port of Rotterdam like a giant marine version of a forklift truck.Next month this vessel, one of the world’s largest ships, will arrive in the North Sea and attempt to remove the 24,500-tonne top of a Shell oil rig installed during the oil boom years of the 1970
  
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• Finally, a breakthrough alternative to growth economics – the doughnut | George Monbiot

  12-04-2017 07:00 via theguardian.com
  
  Instead of growth at all costs, a new economic model allows us to thrive while saving the planetSo what are we going to do about it? This is the only question worth asking. But the answers appear elusive. Faced with a multifaceted crisis – the capture of governments by billionaires and their lobbyists, extreme inequality, the rise of demagogues, above all the collapse of the living world – those to whom we look for leadership appear stunned, voiceless, clueless. Even if they had the
  
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• Technological advances key to UK as financial powerhouse, Chancellor will warn - Belfast Telegraph

  12-04-2017 01:24
  
  Belfast Telegraph
  Technological advances key to UK as financial powerhouse, Chancellor will warn
  Belfast Telegraph
  The UK's status as a financial powerhouse could be at risk unless technological advances are seized and exploited, Philip Hammond will warn. The Chancellor will praise the financial technology (FinTech) sector as an area where the UK leads the world at ...en meer »
  
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• EDF price rise: Cost increase for customers 'difficult to justify' say Ofgem

  12-04-2017 01:00 via feedproxy.google.com
  
  A SECOND price rise in four months for EDF customers has been attacked as "difficult to justify" by the energy regulator.
  
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