Financial news

• City News: Auto Trader, CMC, BT and Co-op

  08-06-2017 23:25 via feedproxy.google.com
  
  AUTO Trader shrugged off concerns over a fall in consumer spending as it drove up annual pre-tax profit by 23 per cent to £193.4million.
  
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• Flybe put £19.9million pre-tax loss on expansion costs and IT upgrades

  08-06-2017 23:05 via feedproxy.google.com
  
  FLYBE hit more turbulence yesterday after previous expansion and the cost of upgrading its IT system dragged it to a £19.9million pre-tax loss.
  
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• 'The Greeks are to blame' Greek author backs EU and Germans over financial ... - Express.co.uk

  08-06-2017 23:01
  
  Express.co.uk
  'The Greeks are to blame' Greek author backs EU and Germans over financial ...
  Express.co.uk
  A GREEK author backed the European Union and Germany as he turned on Greece claiming they are to blame for their current financial problems. By Darren Hunt. PUBLISHED: 21:01, Thu, Jun 8, 2017 | UPDATED: 21:38, Thu, Jun 8, 2017 ...en meer »
  
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• Qatar crisis highlights rising UK energy reliance on imports

  08-06-2017 20:29
  
  Fall in North Sea output means Britain imports nearly one-third of its gas from a small Gulf state whose transport links have just been severed by neighboursBritain’s increasing reliance on energy imports as the North Sea’s oil and gas wealth declines has been highlighted by the diplomatic crisis engulfing Qatar.Nearly a third of the UK’s gas imports are from the tiny Gulf state, the world’s largest producer of liquefied natural gas (LNG), which it ships to Europe and Asi
  
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• UK economy falls to bottom of EU growth league

  08-06-2017 19:33
  
  First quarter figures of 0.2% GDP growth beaten by every other nation in 28-country bloc as weaker pound after the Brexit vote fuels price inflationThe UK economy was the worst performer in the European Union in the opening months of 2017 as the Brexit vote took its toll, according to official statistics that underscore the challenge facing the next British government.
  With economic growth of just 0.2% in the first three months of this year, the UK was well behind its European neighbours. Offici
  
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• Brexit financial services rumblings as UK voters head to polling ... - ForexLive

  08-06-2017 17:34
  Brexit financial services rumblings as UK voters head to polling ...
  ForexLive
  Credit Suisse could cut up to 1.5k London jobs by end of 2018 As UK voters head to their local polling stations, there is rumblings in the London financial sector ...en meer »
  
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• Pound sterling exchange rate tops list of UK consumers' financial concerns ... - The Independent

  08-06-2017 16:38
  
  The Independent
  Pound sterling exchange rate tops list of UK consumers' financial concerns ...
  The Independent
  An analysis of billions of online searches conducted in the UK over the past year indicates that, when it comes to finance, people are most concerned about exchange rates. Research carried out by Yahoo and published on Thursday reveals the most ...
  
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• UK Voters Go to Polls to Choose Financial Steward - Chief Investment Officer

  08-06-2017 16:30
  
  Chief Investment Officer
  UK Voters Go to Polls to Choose Financial Steward
  Chief Investment Officer
  The Labour Party has pledged to maintain the triple lock and vowed not to raise the state pension age beyond 66. As Britons head to the voting booths today, they will not only be choosing a party to lead the country into unchartered post-EU territory ...en meer »
  
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• Take a bow Mario Draghi – has the ECB chief saved the eurozone?

  08-06-2017 16:21
  
  The economic sweet spot may not last forever but at least the bank has got the European economy moving againGrowth forecasts revised up. Inflation forecasts revised down. Jobs being created. Take a bow Mario Draghi. Urged on by its proactive boss, the European Central Bank has achieved what looked impossible until recently: it has got the eurozone economy moving again.Draghi should milk the applause while he can because the eurozone’s sweet spot won’t last for ever. It didn’t i
  
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• Defiant Draghi REFUSES to bow to Germany and warns eurozone still needs huge support

  08-06-2017 15:52 via feedproxy.google.com
  
  EUROPE's central bank chief today hit back against Germany, and insisted the eurozone still needs "substantial" economic support from the European Central Bank .
  
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• UK rents fall for first time since 2009, plus peer-to-peer lending left me in the red

  08-06-2017 15:49 via theguardian.com
  
  Also, Spanish banks compensate Britons burnt over unbuilt holiday homes, and what’s the worst customer service you’ve had? Sign up to receive Money Talks each weekHello 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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• How low does Uber have to go before we stop using it?

  08-06-2017 15:27 via theguardian.com
  
  From sexual harassment claims to acquiring a rape victim’s medical records, Uber’s reputation goes from bad to worse - but with little effect on its bottom lineThere’s a pattern that’s becoming clear: a news story breaks revealing Uber to have been engaged in illegal, unethical, or just downright gross behaviour. Uber half-heartedly swears it’s an exception, or it’s in the past, or that actually it is the law that is wrong anyway. Everyone expresses outrage, a
  
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• Gordon Ramsay's Brexit nightmare: chef hires team to halt rising costs

  08-06-2017 15:21
  
  Michelin-starred restaurateur aims to negotiate lower prices as cost of imported ingredients spirals due to weak poundThe celebrity chef Gordon Ramsay has drafted in a specialist team of Brexit negotiators to tackle rising food costs at his restaurant empire.The Michelin-starred restaurateur, who runs some of Britain’s top dining destinations including London’s Savoy Grill and Petrus, is concerned about the fastest rise in food prices in three years.Continue reading...
  
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• Saudi's row with Qatar sinks oil prices to lowest level of 2017

  08-06-2017 15:04 via feedproxy.google.com
  
  OIL prices have tumbled to their lowest levels this year amid escalating tensions between Qatar and its Gulf neighbours Saudi Arabia, Egypt, Bahrain and the United Arab Emirates .
  
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• REVEALED: This trick helps YOU to avoid thousands of pounds in pension tax

  08-06-2017 14:49 via feedproxy.google.com
  
  SAVERS taking cash from their pensions have been urged to use a simple trick to reduce the risk of overpaying thousands of pounds in extra tax.
  
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• Special K: tennis player in legal battle with Kellogg's over nickname

  08-06-2017 14:30
  
  Cereal company wants to stop Thanasi Kokkinakis using trademark in branding campaign that would include clothingAustralian tennis player Thanasi Kokkinakis is facing a court battle over his right to use his Special K nickname commercially.
  A directions hearing between Kellogg’s, the breakfast cereal maker that owns the right to the Special K trademark in Australia, and Kokkinakis took place in the federal court in Adelaide on Thursday. Continue reading...
  
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• EURO BANK REVOLT: Concerns for ECB as German economists report 'little confidence’

  08-06-2017 14:18 via feedproxy.google.com
  
  TENSIONS between the European Central Bank and Germany are growing, as economists from the eurozone's largest economy stage a revolt against monetary policymakers.
  
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• End is in sight for big UK bank fines, says S&P - Financial News - Financial News (subscription)

  08-06-2017 13:12
  
  End is in sight for big UK bank fines, says S&P - Financial News
  Financial News (subscription)
  The big four UK banks racked up more than £10bn in fines and legal charges during 2016 - but it will prove to be the last year they incur "outsized" penalties, ...en meer »
  
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• Foot On The Accelerator + BMW's UK Financial Services Arm Taps Into Startup ... - Forbes

  08-06-2017 12:25
  
  Forbes
  Foot On The Accelerator + BMW's UK Financial Services Arm Taps Into Startup ...
  Forbes
  There's always a certain amount of risk attached to the process of buying a used car – particularly if you've chosen to make the purchase from an individual rather than an established dealer. Aside from worrying about the price – and whether you're ...en meer »
  
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• Eurozone economy growth revised up in the first quater of 2017

  08-06-2017 11:50 via feedproxy.google.com
  
  THE eurozone's economy grew faster than previously thought in the first three months of the year, showed official data released today.
  
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• Global Financial News: Investors Brace for the UK General Election - TheStreet.com

  08-06-2017 09:42
  
  TheStreet.com
  Global Financial News: Investors Brace for the UK General Election
  TheStreet.com
  1. European stocks open higher Thursday ahead of three significant event risks later in the session, including what could be the most important U.K. general election in a generation. 2. The pound, which has gained some 3% against the U.S. dollar since ...
  
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• POUND LIVE: Sterling in Election day surge as Britain heads to the polls

  08-06-2017 09:28 via feedproxy.google.com
  
  THE pound hit a two-week high against the dollar and nudged up against the euro as Britain heads to the polls to vote in the 2017 election.
  
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• City News: Arcadia Group, RBS, Anglo American and Astrazeneca

  08-06-2017 09:28 via feedproxy.google.com
  
  SIR Philip Green’s fashion empire suffered a sharp fall in profits last year after poor high street trading.
  
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• Will we pay higher stamp duty as my girlfriend has inherited property?

  08-06-2017 08:00 via theguardian.com
  
  It seems we are liable for the 3% surcharge on the new-build we are buying in London, even though she has never lived in the house in Italy
  Q My girlfriend and I have been saving for some time towards buying a property. We currently rent a one-bedroom flat and are in the process of purchasing a new-build property in Acton, west London.As the legal side of our new-build purchase has developed, we have been shocked to learn that we will have to pay the 3% stamp duty surcharge. This is because a fe
  
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• I was badly let down by Bank of Scotland’s bereavement service

  08-06-2017 08:00 via theguardian.com
  
  The bank took my name off our joint current account instead of my late partner’s, then gave me the runaroundMy partner died in January and I went into a local Bank of Scotland branch with all relevant documents to close his accounts and transfer our joint Ultimate Reward current account into my sole name. This account includes benefits such as travel insurance and AA cover. A few months later, I contacted the AA to ask about upgrading the policy and was told I couldn’t as my name had
  
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• Could growth hacking be the low-cost key to business success?

  08-06-2017 08:00
  
  Described as a new way to do marketing, growth hacking opens up opportunities for businesses committed to experimentationGrowth hacking could be perceived as the realm of high-flying startups, but for cash-strapped small businesses, growing fast at a low cost should be a no-brainer. Put simply, growth hacking uses innovative strategies to attract the maximum number of customers, while spending as little as possible. The concept was coined by Silicon Valley entrepreneur Sean Ellis in 2010. Ellis
  
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• Stormy waters: the salmon farmer trying to limit fishing and save the ocean

  08-06-2017 02:26
  
  Unlikely environmentalist Francis Bender is taking legal action against Tasmanian government for failing to protect the environment There’s trouble brewing in Tasmania’s waterways once again. In the 1980s, protests over the proposed Franklin River hydroelectric dam threw the Apple Isle’s conservation plight onto the national stage. This time, it is the state’s salmon farming industry that is under a cloud. The relatively young industry is worth over $700m a year and now o
  
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• UK house prices rise for first time in five months

  08-06-2017 01:59
  
  Shortage of properties on market inflates prices as buyers shrug off uncertainty over general election and BrexitUK households put the brakes on plans to move home in May, as uncertainty over the general election put them off making big spending decisions.Buyers and sellers opted to “wait and see” ahead of today’s election according to estate agents surveyed by the Royal Institution of Chartered Surveyors. Enquiries from new buyers fell and the number of properties placed on th
  
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