Financial news

• IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho

  19-04-2017 22:00 via theguardian.com
  
  Latest IMF world outlook is most positive in years – although that’s not saying much – and it’s looking closely at falling shares of income to labourThe latest IMF world economic outlook released on Tuesday is the most positive for years, but it also highlights the continued risks from nationalistic and protectionist policies and the impact of policies and technology changes that reduce the share of income going to workers.For the past eight or nine years, the IMF world e
  
  Read more

• FTSE 100 sheds its 2017 gains and pound weakens as poll fever grips markets - as it happened

  19-04-2017 21:39 via theguardian.com
  
  Britain’s blue-chip stock index has fallen for the second day running, and sterling is dipping tooLatest: FTSE 100 closes down 33 pointsBlue-chip index posts fresh lossesAnalysts warn of election complacencyBritish firms ‘hope for smooth Brexit’
  City experts predict big Tory win in June
  Politics Live: Election 2017: Theresa May seeks MPs’ backing for early vote – politics live5.18pm BSTBritish businesses have lived through some turbulent times recently (like the res
  
  Read more

• Political intervention in energy could reduce competition further | Nils Pratley

  19-04-2017 20:12 via theguardian.com
  
  If the government wants to set maximum prices or limit price differentials, it can’t ignore movements in the wholesale marketWas Greg Clark airing a manifesto promise or signalling government action in the next few days? It was impossible to tell, but the business secretary finally seems to have come to the firm conclusion that energy suppliers are ripping off too many customers. Clark wants to take “muscular and strong” action to stop the “flagrant mistreatment” of
  
  Read more

• Financial markets still affected by UK election concerns - euronews

  19-04-2017 20:00
  
  euronews
  Financial markets still affected by UK election concerns
  euronews
  There was still a lot of volatility in the financial markets on Wednesday after the surprise general election announcement by Britain's prime minister. Europe's major stock markets ended the day higher, recovering on Wednesday from their biggest one ...
  UK Votes for June Snap ElectionFinancial Tribune
  UK Prime Minister Theresa May Calls for an Early General ElectionFinancialbuzz.comalle 3.350 nieuwsartikelen »
  
  Read more

• Advertisement

• Slump in Burberry shares as global sales growth slows

  19-04-2017 19:23 via theguardian.com
  
  Luxury brand’s share price slides after slowdown in US, Hong Kong and the Middle East – with this week’s rally in the pound also likely to hit UK salesShares in Burberry have slumped after the luxury brand revealed that strong sales in the UK and China had failed to offset a slowdown in the US and Hong Kong.Burberry’s share price slid nearly 8% on Wednesday amid investor disappointment that the British label had not echoed the bullish performance of Louis Vuitton owner LV
  
  Read more

• UK: Implementation of UN Financial Sanctions Resolution under the Policing ... - Lexology (registration)

  19-04-2017 18:51
  Lexology (registration)
  UK: Implementation of UN Financial Sanctions Resolution under the Policing ...
  Lexology (registration)
  The Policing and Crime Act 2017 (the “2017 Act“) has introduced measures to strengthen the effectiveness of the UK's financial sanctions regime. The delay in the implementation of UN sanctions as a result of EU processes is one strand that has been ...
  
  Read more

• How much do you have to earn to be rich? £70,000, says Labour

  19-04-2017 17:40
  
  John McDonnell’s definition of rich people has angered some, but he is backed by the statisticsAre you rich if you earn £70,000? According to the Labour MP John McDonnell, you are. And that contention made some people very angry.
  In an interview on the Today programme (from 1:15:30) on BBC Radio 4, McDonnell set out his vision of a “fair taxation system”. He said Labour would be “looking to the corporations and to the rich to pay their share”. Continue reading
  
  Read more

• Ask the experts: how to be more creative – as it happened

  19-04-2017 15:32 via theguardian.com
  
  Join us on this page from 1–2pm on Wednesday 19 April to talk to our expert panel about how to come up with great ideas or pivot your business 2.40pm BSTA quick round-up of some of the panel’s favourite ways to get creative:We frequent have brainstorms with post-it notes. In some of them all of the team is involved. In others only part of the team. When we do a brainstorm in our weekly team meeting, then one team member generally presents a challenge, and then the rest of the team wo
  
  Read more

• Advertisement

• Next boss misses out on annual bonus for first time in 18 years

  19-04-2017 15:05 via theguardian.com
  
  Lord Wolfson’s total package falls by 58% to £1.8m as rival House of Fraser says it is also ‘cautious’ about the year aheadNext boss Lord Wolfson has missed out on his annual bonus for the first time in 18 years amid tough times on the British high street.Wolfson’s total pay package dived by 58% to £1.8m in the year to 28 January, according to the fashion and homewares retailer’s annual report published on Tuesday, after a key earnings per share target w
  
  Read more

• UK government vows strong action to rein in energy companies

  19-04-2017 15:03 via theguardian.com
  
  Business secretary says moves to prevent ‘flagrant mistreatment’ of customers will not be delayed by snap electionThe government will take muscular action to tackle rising electricity and gas bills because energy companies are milking disadvantaged people, the business secretary has said.Greg Clark said Theresa May’s decision to call a surprise general election for 8 June meant events had intervened in his plans, which were expected to be announced as soon as next week. Continu
  
  Read more

• Brexit’s unpredictable outcome poses risk to global stability, says IMF

  19-04-2017 14:56 via theguardian.com
  
  Organisation also says financial stability is threatened by US corporate debt, China’s credit bubble and weak EU banksThe International Monetary Fund has warned that Brexit’s unpredictable outcome poses a risk to global financial stability at a time when it is already challenged by heavily-indebted US corporations, China’s credit bubble and weak European banks.Warning that banks were likely to be the sector of the City hardest hit by Britain’s departure from the European
  
  Read more

• 'This is not about gentrification’: the pie shop reviving an Anfield street

  19-04-2017 14:36 via theguardian.com
  
  A cooperative bakery in the shadow of Liverpool FC’s stadium is aiming to transform a derelict terrace into affordable homes for the local communityAs Liverpool FC’s Anfield stadium gleams in the April sunshine, the abandoned, steel-shuttered houses cowering in its shadow serve as a poignant reminder of the impact developments can have on their host communities.But in the unassuming bakery at the end of the terrace lies the heart of a movement working to transform this run-down area
  
  Read more

• The salary gap between expat and local aid workers – it’s complicated | Tobias Denskus

  19-04-2017 12:31 via theguardian.com
  
  It’s time for more nuance and less ideology in the debate about expat aid workers being paid more than local staff at NGOsAid workers have been discussing the issue of expat versus local worker salaries for some time now. From one side of the argument, it looks pretty simple: why should expat workers swing into town and get paid far higher rates than their national colleagues?It’s worth taking a more nuanced assessment of the professional realities in the aid industry that are changi
  
  Read more

• Brexit, PPI and high cost credit are top priorities for City watchdog

  19-04-2017 11:55 via theguardian.com
  
  FCA urges financial firms to plan for UK’s EU exit, and says it will also focus on protecting vulnerable customersThe City regulator has pledged to ensure that financial firms remain strong in the face of Brexit in its annual list of priorities, which also includes protecting vulnerable customers from overly expensive loans.Andrew Bailey, chief executive of the Financial Conduct Authority, said the regulator’s lawyers were scrutinising EU financial sector rules as part of the governm
  
  Read more

• Coalition announces dramatic public service decentralisation plan

  19-04-2017 08:06 via theguardian.com
  
  Government plans to move as many departments as possible to regional areas and calls on corporate Australia to join itThe Coalition plans to decentralise as many government departments as possible, moving the positions of city-based public servants to Australia’s regions in a dramatic reshaping of the bureaucracy.It says all government departments will be asked to justify why they think they are unsuitable for decentralisation if they do not want to relocate. Continue reading...
  
  Read more

• Renovation projects – in pictures

  19-04-2017 08:00 via theguardian.com
  
  Fancy converting a charming mill or sailmakers’ house into a modern home? Here’s your chance Continue reading...
  
  Read more

• A feel-bad factor as npower break into my late granny’s home

  19-04-2017 08:00 via theguardian.com
  
  They removed the gas and electricity meter for non-payment, despite me telling them she’d died a year beforeNpower broke into my grandmother’s house and removed the gas and electricity meters, despite having been told a year ago that she’d died. It justified the forced entry by claiming she owed £1,300, a bill it admitted had been wrongly estimated. In fact, £300 was owing but was only unpaid because npower hadn’t updated its systems when we reported her death
  
  Read more

• Australia Post hits back at Amazon and eBay and says Coalition's GST model is best

  19-04-2017 06:02 via theguardian.com
  
  Australia Post says Turnbull government’s ‘vendor model’ is the most efficient way to collect GST on online purchasesAustralia Post has hit back at the internet giants Amazon and eBay, saying the Turnbull government’s plan to impose the GST on all online purchases is a good one.It says the government’s proposed GST collection method – called a “vendor model”, which would require websites such as Amazon and eBay to collect GST for the commonwealth f
  
  Read more

• James Packer sells his stake in Hollywood film company RatPac

  19-04-2017 03:15 via theguardian.com
  
  Venture with producer-director Brett Ratner cofinanced more than 50 films, including The Revenant, Birdman, Creed, The Lego Movie and American SniperJames Packer has sold out of the Hollywood film company RatPac Entertainment which he created in 2013 with producer-director Brett Ratner.
  The venture had instant success with its first investment in the space adventure film Gravity, starring Sandra Bullock and George Clooney, which earned more than $US700m at the worldwide box office and scored sev
  
  Read more

• REVEALED: This is how much YOU and your partner need to put away for retirement

  19-04-2017 01:01 via feedproxy.google.com
  
  COUPLES looking to enjoy a comfortable retirement together need to be putting away at least £131 per month if they start saving from 20, nearly £200 if they start saving from 30 or over £600 a month if they put off saving until 50, research suggests.
  
  Read more

• Pet owners face painful vet charges as average bills top £750

  19-04-2017 01:01 via feedproxy.google.com
  
  ANIMAL lovers face a sharp hike in veterinary charges with the average bill topping £750 for the first time.
  
  Read more

• City news: House of Fraser, Circassia, Flybe, Ashmore

  19-04-2017 01:01 via feedproxy.google.com
  
  HOUSE of Fraser said a stores makeover and website investment would help counter “challenging” trading conditions as it more than doubled annual profits.
  
  Read more

• United CEO: nobody will be fired after man was violently dragged from plane

  19-04-2017 00:40 via theguardian.com
  
  Oscar Munoz promised more details after review of policies on overbooked flights, and executives said it was too soon to know if incident hurt ticket salesThe CEO of United Airlines says no one will be fired over the dragging of a man off a plane – including himself.The CEO, Oscar Munoz, said on Tuesday that he took full responsibility “for making this right” and promised more details later this month after United finishes a review of its policies on overbooked flights.Continue
  
  Read more

Follow @financialnwsUK on Twitter!