Financial news

• Nuisance calls are just a symptom – we need to cure the disease | Deborah Orr

  11-05-2017 19:56 via theguardian.com
  
  When one company can make 100m illegal calls, there’s clearly a problem. But unhappy customers are easy preyThere’s only one real trouble with technology. That trouble is people. Take Keurboom Communications, the direct marketing company that unleashed 100m illegal nuisance calls on the public in 18 months. Why did it do that? Because it could. Gregory Rudd, the man behind the company, doesn’t accept that he did anything wrong, even after a £400,000 fine from the Informat
  
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• Translink renews mobile ticketing partnership with Corethree

  11-05-2017 17:59 via feedproxy.google.com
  
  TRANSLINK has renewed its contract with Europe’s leading mobile ticketing developer and provider of digital payment solutions, Corethree.
  
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• Britain's booming pension funds see retirement income surge by 12 per cent

  11-05-2017 17:32 via feedproxy.google.com
  
  THE typical pension fund has surged over the past year, pushing retirement income to its highest level since the summer of 2014, analysis has revealed.
  
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• Bank of England warns Brexit vote will damage living standards

  11-05-2017 17:20 via theguardian.com
  
  Bank of England hints interest rates may increase sooner than markets think but warns of near-term squeeze on consumersThe Bank of England has warned households that living standards will fall this year as the effect of the Brexit vote works its way through to higher prices and meagre pay deals. Presenting a sober assessment of the economic outlook just weeks before the general election on 8 June, the Bank’s governor Mark Carney predicted living standards could start to recover in 2018 but
  
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• The cost of divorce: Marriage split hits retiree income by £3,000 a year

  11-05-2017 17:13 via feedproxy.google.com
  
  DIVORCEES are more likely to be in debt at retirement and face a later life income that is thousands of pounds less than married couples, according to research.
  
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• Mortgage borrowers offered up to £2,500 cashback: But is it a good deal?

  11-05-2017 16:59 via feedproxy.google.com
  
  BORROWERS can scoop thousands of pounds in cashback when they take out a mortgage, as lenders go to new lengths to appeal to customers.
  
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• George Soros sued for £7.7bn political meddling ‘motivated by malice’

  11-05-2017 16:30 via feedproxy.google.com
  
  BILLIONAIRE George Soros is facing a huge legal battle in the United States over his alleged meddling in politics.
  
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• Tracker rates for energy? French firm brings 'new innovation' to UK

  11-05-2017 16:26 via theguardian.com
  
  Engie promises ‘real price transparency’ with tracker tariff linked to wholesale cost of gas and electricityA French power company has promised to restore trust in the energy market with a new tracker tariff linked to wholesale prices, days after big suppliers were found to be making record profit margins from their customers.Engie, which describes itself as the biggest new entrant to the UK domestic energy market in 15 years, said it was the right time for the company to launch in B
  
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• Earn a living from Instagram, plus the energy bill hikes coming your way

  11-05-2017 16:11 via theguardian.com
  
  Also, the employers offering staff a cheap place to live, and our Consumer Champions tackle easyJet and Airbnb
  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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• Cryptocurrency Ethereum soars by 900 per cent as stellar performer gets Chinese boost

  11-05-2017 16:10 via feedproxy.google.com
  
  A CRYPTOCURRENCY that allows users to move value around as well as represent the ownership of property has rocketed by 900 per cent in just a year.
  
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• Palm oil: what do consumers know and do brands care? – event

  11-05-2017 16:09 via theguardian.com
  
  Join us for a seminar on 12 June 2017, 9.30am-12 noon (BST), to discuss where consumers fit into the palm oil debateFrom biscuits to lipstick to toothpaste, it is estimated that 50% of packaged items in our supermarkets contain palm oil.But, while the commodity might be ubiquitous, consumers are often unaware of it, far less of the impact its production can have on biodiversity and local communities. Continue reading...
  
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• Do NOT punish Britain! US threatens EU over plans to relocate UK businesses to continent

  11-05-2017 15:29 via feedproxy.google.com
  
  THE US has fired a warning shot to the European Union over its plans to decimate Britain’s financial business by forcing euro-clearing to take place within the bloc.
  
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• State pension chaos: Near impossible to know entitlement, say experts

  11-05-2017 14:07 via feedproxy.google.com
  
  THE new state pension is even more confusing than the previous system and is set to give millions of people a nasty shock at retirement, experts have blasted.
  
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• UK financial markets exposed to embedded fossil fuel reserves - edie.net

  11-05-2017 13:20
  
  edie.net
  UK financial markets exposed to embedded fossil fuel reserves
  edie.net
  UK businesses and investors may be inadvertently sitting on more than 15,000 tonnes of stranded fossil fuel asset emissions that could impact how the nation commits to a 2C energy scenario, new research has found. Markets listed in the report have been ...
  
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• BRIEF-Uk financial holdings' stake in lloyds banking group reduced to 0.25 percent - Reuters

  11-05-2017 12:12
  
  BRIEF-Uk financial holdings' stake in lloyds banking group reduced to 0.25 percent
  Reuters
  WILMINGTON, Del., May 11 A judge effectively killed off any practical chance of Anthem Inc merging with Cigna Corp on Thursday as he declined to order Cigna not to terminate the deal. BRIEF-Firm Capital Property Trust qtrly FFO per unit was $0.126.en meer »
  
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• Mark Carney warns Bank of England interest rates set to RISE sooner than expected

  11-05-2017 11:52 via feedproxy.google.com
  
  MARK Carney warned Britons could see interest rates rise sooner than expected, as one of the Bank of England's key policymakers again called for an immediate hike.
  
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• UK interest rates: Bank of England's MPC set to SPLIT over immediate rise

  11-05-2017 10:19 via feedproxy.google.com
  
  ONE or more Bank of England monetary policymakers are today expected to call for an immediate hike of interest rates from the current level of 0.25 per cent.
  
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• Brexit: The Role of Financial Services and the UK Economy - The Market Mogul

  11-05-2017 10:03
  
  The Market Mogul
  Brexit: The Role of Financial Services and the UK Economy
  The Market Mogul
  Financial services are crucial to the British economy: altogether, the industry produces annual revenues of approximately £200BN, contributing approximately £60-67BN in taxes per year. The financial services industry also contributes a trade surplus of ...
  
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• Keurboom Communications fined record £400,000 over nuisance calls

  11-05-2017 09:42 via theguardian.com
  
  More than 1,000 people complained to ICO over automated calls about road accident claims and PPI compensationA company that made almost 100m nuisance calls in 18 months has been fined a record £400,000 by the data watchdog.The information commissioner’s office said the automated calls by Keurboom Communications had caused “upset and distress” and led to more than 1,000 complaints.Continue reading...
  
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• POUND LIVE: sterling falls against euro & dollar as UK growth forecasts are cut

  11-05-2017 08:31 via feedproxy.google.com
  
  THE pound has fallen against the dollar and euro following the Bank of England's announcement that its growth forecast for this year has been cut from 2% to 1.9%.
  
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• POUND LIVE: sterling falls against euro & dollar amid Bank of England growth forecast cut

  11-05-2017 08:31 via feedproxy.google.com
  
  THE pound has fallen against the dollar and euro following the Bank of England's announcement that its growth forecast for this year has been cut from 2% to 1.9%.
  
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• Mr & Mrs Smith co-founder: ‘Don’t let yourself get comfortable’

  11-05-2017 08:00 via theguardian.com
  
  Tamara Heber-Percy, the Mrs behind the bookings website, talks rejection, working with your spouse and what makes the perfect hotelWe kept having disastrous breaks. A weekend in the Lakes sold to us as a boutique spa hotel resulted in being unexpectedly weighed upon check-in and put on on a calorie-controlled diet – needless to say, it wasn’t the romantic getaway we were hoping for [the couple didn’t realise it was a health clinic]. We spent that night compiling our ultimate wi
  
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• I fear easyJet has cancelled my flights but hasn’t even told me

  11-05-2017 08:00 via theguardian.com
  
  I booked three flights from Luton to Ibiza in September but now I’ve noticed that the easyJet website says ‘no flights on this day’I booked three return flights from Luton to Ibiza with easyJet for September. On checking the flight prices with the intention of adding one more passenger I noticed that the booking page now says “no flights on this day” on every Saturday and Sunday after 2 September.I connected with the online chat facility and somone said the flight w
  
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• From yoga instructors to novelists: five ways to turn your hobby into a job

  11-05-2017 08:00 via theguardian.com
  
  Don’t wait for the right moment, start as soon as possible – but pace yourself, advise the expertsHave you ever considered turning your penchant for knitting into a craft shop, finally finishing off that novel, or embracing your love of yoga and becoming an instructor? When you want to turn your hobby into a job, it can be difficult to know where to start. Here are our expert tips: Continue reading...
  
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• Can a buyer legally ask to cut agreed offer price?

  11-05-2017 08:00 via theguardian.com
  
  I have accepted an offer on my house, but the purchaser is asking for a reduction citing repair worksQ I have accepted an offer on my house but the purchaser is now asking for a further reduction in the price due to work required on the property. Is this legal? And, if so what is your advice on how to deal with it? HWA Yes it is legal and quite common when a survey reveals extensive – and expensive – work required on a property. Once a buyer’s offer on a property is accepted by
  
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• Smaller, lighter, greener: are micro EVs the future of city transport?

  11-05-2017 07:30 via theguardian.com
  
  A Siemens-backed micro electric car could help reduce urban air pollution and congestion, but it’ll have to win over buyers firstImagine a city street filled with two-seater electric vehicles (EVs) zipping around. A Swedish startup claims these smaller, lighter EVs could help cut congestion and toxic levels of air pollution.
  Uniti, which crowdfunded €1.2m (£1m) to develop the prototype of its EV, has already managed to capture the attention of Siemens. The two companies recently
  
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• 'Stagnant' buyer demand puts the brakes on UK housing market

  11-05-2017 01:01 via theguardian.com
  
  Royal Institution of Chartered Surveyors report suggests slowdown may worsen due to election uncertainty and an ‘acute shortage’ of fresh listings The UK housing market is continuing to slow down, with falling property sales, “stagnant” buyer demand and general election uncertainty all adding up to one of the most downbeat reports issued by surveyors since the financial crash.In its latest monthly snapshot of the market, the Royal Institution of Chartered Surveyors (Rics)
  
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• Live life to the full: Next generation of pensioners eye up active retirement

  11-05-2017 01:01 via feedproxy.google.com
  
  BRITAIN’S next generation of pensioners have expectations of the kind of active retirement their parents could never imagine, according to a new survey.
  
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• Pound v US dollar: GBP close to eight-month high before Bank of England ‘Super Thursday’

  11-05-2017 01:00 via feedproxy.google.com
  
  THE pound is stuck around opening levels against the US dollar this morning ahead of today’s ‘Super Thursday’ Bank of England releases.
  
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• BT boss Gavin Patterson stripped of his annual bonus following accounting scandal

  11-05-2017 01:00 via feedproxy.google.com
  
  BT BOSS Gavin Patterson has been stripped of his annual bonus following disclosures of an accounting scandal at the telecoms giant's Italian division.
  
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• Aldi aims to become world’s number one – by offering cheapest prices GERMAN grocery chain

  11-05-2017 01:00 via feedproxy.google.com
  
  GERMAN grocery chain Aldi is trying to beat the world's biggest retailer at its own game: low prices.
  
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