Financial news

• So what if the poor buy avocados – everybody deserves a little luxury | Emma Brockes

  25-05-2017 17:42 via theguardian.com
  
  How dehumanising it is when rich people tell those further down the economic food chain they shouldn’t have any small pleasuresI have ordered avocado toast a few times in my life, and its mark-up has never particularly appalled me. It is bad value in the same way Starbucks coffee is bad value, or a $20 lipstick, or any of the other extravagances that fly beneath the radar even of those who are trying to save money.This month, these items again fell under the moralising gaze of people highe
  
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• EU roaming charges banned from June, plus the rogue buyers exploiting eBay

  25-05-2017 16:01 via theguardian.com
  
  Also, the average price of a UK home hits £317,000, and the chance to buy a place with a famous history
  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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• EU ON THE BRINK: Eurozone economies are FRAGILE amid huge risks to stability, warns ECB

  25-05-2017 15:57 via feedproxy.google.com
  
  EUROZONE economies remain fragile and risks to financial stability are still significant, the European Central Bank said in a report.
  
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• UK House building hits highest level since 2008 financial crisis but demand still ... - The Independent

  25-05-2017 15:52
  
  The Independent
  UK House building hits highest level since 2008 financial crisis but demand still ...
  The Independent
  The number of houses built in England has hit its highest in almost a decade, according to new Government figures. A total of 162,880 homes were started in 2016-17, with 147,960 completed, the Department of Communities and Local Government said.en meer »
  
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• UK growth slowed more than thought in Q1 but economy is set to bounce-back, say experts

  25-05-2017 15:43 via feedproxy.google.com
  
  BRITAIN’S economy slowed more than previously thought at the start of the year, but growth is set to rise in the coming months, said experts.
  
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• Ask the experts: the secrets to customer loyalty – as it happened

  25-05-2017 15:05
  
  Join us on this page from 1-2pm on Thursday 25 May to quiz our expert panel on how to grow a loyal customer base and offer better service 2.15pm BSTToday’s webchat on customer loyalty has now come to an end. Thanks to everyone who took part – we hope the blog summaries below are useful. If you would like to get in touch with the Guardian Small Business Network, please email [email protected]. 2.05pm BSTFrom TripAdvisor to Snapchat, the number of platforms for busin
  
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• Deutsche Bank doom-monger forecast: Lender says pound and economy will get weaker in 2017

  25-05-2017 15:03 via feedproxy.google.com
  
  GERMANY'S biggest lender Deutsche Bank talked the pound down and predicted Britain's currency will weaken amid Brexit negotiations and a deterioration in the UK economy.
  
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• Mortgage loan: Lending to wannabe buyers falls as number of homes for sale dips

  25-05-2017 13:00 via feedproxy.google.com
  MORTGAGE lending fell back month-on-month in April as would-be home movers struggled to find suitable properties.
  
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• UK GDP growth revised down to 0.2% - Financial Reporter

  25-05-2017 11:30
  
  Financial Reporter
  UK GDP growth revised down to 0.2%
  Financial Reporter
  Given the dependency of the economy on consumer spending, weak real earnings growth suggests a near-term re-acceleration is unlikely. The ONS has revised down its estimate of GDP growth between Q4 2016 and Q1 2017 by 0.1 percentage points.en meer »
  
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• POUND LIVE: Pound rises against dollar as FTSE 100 set for new record high

  25-05-2017 09:45 via feedproxy.google.com
  
  THE pound is up against the dollar, as Britain's top stock index the FTSE 100 looks set to smash through a fresh record high.
  
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• What's the best way of paying off my interest-only mortgage?

  25-05-2017 08:00 via theguardian.com
  
  I have a savings account plus two Isas, and need advice to ensure I can repay the outstanding balance in five years
  Q I have an interest-only mortgage from a well known high street bank. The balance outstanding is £139,000. The lender has informed me that I have five years left to settle this balance and that I need to discuss my options for repaying the mortgage. The options are reviewing the performance of any repayment strategy with a financial adviser; extending the term of the loan to
  
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• TUC urges government to help boost pay as debt nears record levels

  25-05-2017 07:01 via theguardian.com
  
  Average unsecured debt per household stood at £13,200 last year – just £100 short of level before financial crisisThe TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago.Frances O’Grady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt – which excludes mortgages – and called for a h
  
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• The great London property squeeze

  25-05-2017 06:30 via theguardian.com
  
  As affordable housing in Britain’s capital is replaced by luxury towers, people on middle incomes are being priced out, while the poor are forced to pay extortionate rents for shocking conditionsThe first time I met Ian Dick, the head of private housing at Newham council in east London, he took me on a walk to look for “beds in sheds”. It was 2011, and alongside criminal levels of overcrowding in private rental properties, there was a growing problem of people living in illegal
  
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• City News: Wizz Air, B&M, Petrofac and Fever-tree drinks

  25-05-2017 01:01 via feedproxy.google.com
  
  WIZZ AIR’S shares soared 258p to a 2204p high as it shrugged off Brexit concerns with record annual profit of £214million, up 28 per cent.
  
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• Canadian dollar news: One-month low for GBP/CAD

  25-05-2017 01:01 via feedproxy.google.com
  
  THE end of the week is nearly upon us, and the pound is currently approaching the weekend lingering at a one-month low against the Canadian dollar.
  
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