Financial news

• Deutsche Bank fails to provide Trump-Russia details, Democratic aide says

  04-06-2017 23:13
  
  Germany’s largest bank offers no ‘substantive’ reply to House Democrats’ letter seeking information on loans for Trump’s real estate businessGermany’s largest bank has failed to respond to a request from Democrats on a House of Representatives panel for details about Donald Trump’s possible ties to Russia, a Democratic staffer said on Sunday. Related: James Comey Senate testimony: America braces for a historic political momentContinue reading...
  
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• Government support needed to unlock billions in green business, says industry

  04-06-2017 17:59
  
  Green market could expand from 2% to 13% of UK economy by 2050 with the right policies, says low-carbon group that includes Ikea, Siemens and M&SThe UK could be a green business powerhouse in the next three decades, but only if given proper support by government, a group representing more than 30 low-carbon companies has said.The low-carbon economy in the UK employs at least 432,000 people, with a turnover of more than £77bn in 2015. This is larger than industries such as car-making an
  
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• HSBC cash sweetener aims to entice staff to new Birmingham HQ

  04-06-2017 17:56
  
  Canary Wharf staff offered up to £2,500 for each employee persuaded to relocate from London as CEO admits to ‘tricky’ taskHSBC is offering its employees cash bonuses of up to £2,500 if they can convince a colleague to move from London to the bank’s new British headquarters in Birmingham.The bank has created a special bonus scheme to encourage staff to “help us find the right people for Birmingham” because it is struggling to entice enough of its staff to
  
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• Philip Green fashion empire hit by 16% fall in profits

  04-06-2017 17:29
  
  Sales were also down at the Topshop, Burton and Miss Selfridge group, with pension scheme deficit nearing £1bnSir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street.The drop in profits caps a torrid 12 months for the Monaco-based businessman, who was hauled before MPs following the collapse of BHS, which he sold to a group led by a former bankrupt for &po
  
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• Is deep sea mining vital for a greener future – even if it destroys ecosystems?

  04-06-2017 14:00
  
  A new gold rush is targeting rich ores on the ocean floor containing valuable metals needed for smartphones and green technologies, but also hosting exotic ecosystemsMining the deep ocean floor for valuable metals is both inevitable and vital, according to the scientists, engineers and industrialists exploring the world’s newest mining frontier.The special metals found in rich deposits there are critical for smart electronics and crucial green technologies, such as solar power and electric
  
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• Suffered BA’s weekend from hell? Find out what compensation is on offer

  04-06-2017 13:03
  
  IT failures at Gatwick and Heathrow have put the spotlight on passengers’ rights. Here’s how to claim when things go wrongAs a computer outage in British Airways’ systems caused chaos in airports last weekend, thousands of passengers faced havoc just when they were looking forward to a break.And for many who had already checked in their baggage, there was the added frustration that it was sent on to their destinations while they were still stranded. Continue reading...
  
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• Canada calling: tech industry lures workers north in wake of Trump

  04-06-2017 12:00
  
  Tech companies in Canada are launching bold recruitment campaigns that pitch the northern neighbor as a stable alternative to Trump’s turbulenceThe ads were launched months before Donald Trump was elected president and they got straight to the point. “Thinking of moving to Canada?” read one, set to a backdrop of the Republican candidate at a rally. Another made by a startup in southern Ontario featured Trump flashing a thumbs up. The brazen recruitment campaign was among the fi
  
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• Mudslides and floods cause devastation in Sri Lanka – in pictures

  04-06-2017 09:00
  
  Last Friday heavy rain caused floods and landslides that killed more than 200 people and displaced 600,000 from their homes in Sri Lanka Continue reading...
  
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• Yes, house prices are falling: but they probably won’t fall quickly

  04-06-2017 08:00
  
  The news that the property market is going down has cheered many: but cheap credit and huge pent-up demand is likely to cushion the declineThere is a small but vibrant web forum, housepricecrash.co.uk, whose members’ outrage at inflated property prices is matched only by their dismay that the longed-for slump has never materialised. After Nationwide reported last week that house prices had fallen for the third month in a row, its faithful believe the day of reckoning is finally coming.The
  
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• WPP needs a big name to follow Sir Martin Sorrell

  04-06-2017 08:00
  
  The advertising giant can’t go on for ever as a one-man bandThe advertising giant WPP Group has a board consisting of 14 directors. Chief executive Sir Martin Sorrell is one. Name any of the others.As far as financial teasers go, that one has the potential to stump more folk than just Diane Abbott. Even among those who take time to actually read the City pages, it is a struggle to recall anybody other than the group’s diminutive founder when pressed for a line-up of WPP management. C
  
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• Royal Mail’s Keepsafe just let our mail pile up on the doormat

  04-06-2017 08:00
  
  We used the service four times when we went away and each time it let us downRoyal Mail advertises its Keepsafe service as the best way of ensuring your property is secure, yet it has failed us on every occasion we have tried to use it. Since we moved to West Sussex a year ago we have had four short trips away; each time we returned to a pile of post on our doormat, in full view of passersby (we have a glass panel next to the front door). The first time we thought it was a one-off mistake. We co
  
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• Compensation at last for Britons burned by Spain’s property crash

  04-06-2017 08:00
  
  The Costa dream turned sour and homebuyers are estimated to have lost £5.3bn – now Spanish banks are finally paying outAfter years of legal wrangling and setbacks, British homebuyers who were caught cold by the Spanish property market crash are finally beginning to recoup the millions they paid for holiday homes that were never built.A ruling in Spain’s supreme court in December 2015 opened the way for an estimated 130,000 Britons to claim directly from the banks rather than pr
  
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• Let’s hope a hung parliament can halt the Brexit disaster

  04-06-2017 07:59
  
  If the SNP or Lib Dems end up holding all the cards come Friday morning, the economic catastophe of leaving the EU could be avertedAn important moment during the so-called election “debates” last week occurred when a young lady in the studio audience told Theresa May that she had voted for Brexit because she had swallowed the lie that it would bring £350m a week for the health service. The prime minister, an uncomfortable Remainer and now an uncomfortable Brexiter, had no answe
  
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• Lloyds investors to go ahead with £350m lawsuit despite Royal Bank of Scotland stance

  04-06-2017 01:01 via feedproxy.google.com
  
  LLOYDS BANKING GROUP investors are to press on with their £350million lawsuit against the lender for misleading them about the financial health of HBOS, which nearly collapsed the bank.
  
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• Five-minute guide to getting insurance for your mobile

  04-06-2017 01:01 via feedproxy.google.com
  
  YOUR mobile phone can cost a small fortune to replace if lost, stolen or damaged, but despite the dangers, many users risk going without insurance.
  
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• City News: AO.com, Eoovi and Yahoo

  04-06-2017 01:01 via feedproxy.google.com
  
  AO.COM, the online white goods retailer, will say that its pre-tax losses are narrowing at its preliminary results this week, ahead of its relegation from the FTSE 250.
  
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• British Airways shareholders set to land a bumper payout

  04-06-2017 01:01 via feedproxy.google.com
  
  BRITISH AIRWAYS’ owner International Airlines Group could step up its cost‑cutting plans and return even more money to shareholders, according to one of its largest investors.
  
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• American mattress-in-a-box online retailer Leesa to sell new hybrid model in UK

  04-06-2017 01:01 via feedproxy.google.com
  
  LEESA, the American mattress-in-a-box online retailer is looking at launching a pocket spring, memory foam hybrid model in the UK, founder and chief executive David Wolfe says.
  
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