Financial news

• Pound recovers after sharp falls as political turmoil hits markets

  09-06-2017 18:46
  
  Sterling crashed to eight-week low but analysts say possibility of softer Brexit may eventually work in UK currency’s favour The pound fell to an eight-week low and shares in housebuilders, banks and retailers lost ground after the shock election result, which increased uncertainty over both the forthcoming Brexit talks and the UK’s economic prospects.But the currency recovered from its worst levels as Theresa May announced she was forming a new government with the help of the Democr
  
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• Shaken it off! Taylor Swift ends Spotify spat

  09-06-2017 18:21
  
  Singer ends three-year boycott of streaming service over royalties and makes entire back catalogue available to celebrate 10m sales of 1989 albumTaylor Swift has made her entire back catalogue available on Spotify, ending a three-year boycott of the streaming service following a row over artist royalties.In 2014, the Shake It Off singer pulled her music from Spotify, where she was one of the service’s most popular artists, after bemoaning that artists receive a tiny royalty per song play.
  
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• Pound claws back some losses after hung parliament spooks the City – as it happened

  09-06-2017 18:09
  
  Sterling has fallen on the foreign exchanges after a night of sensational election dramaPound inches up on possible Tory-DUP dealCity sees instability after May’s election gamble backfiresPound plunged to $1.265 from $1.295 on Thursday
  Sterling hit seven-month low against the euro
  Introduction: Pound slides after election shockHow the night unfolded in the City
  Election results live: Theresa May under fire 5.06pm BSTThe pound initially fell 2.5% against the dollar after the shock election
  
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• Clouds gather over UK economy as data points to lacklustre growth

  09-06-2017 17:49
  
  Small gains in industrial output and hung parliament add to fears that uncertainty will further dent already weak prospects
  Manufacturing output and broader industrial output made only small gains in April, dashing economists’ forecasts for a rebound for the economy after a slow start to 2017, which has put the UK at the bottom of the European growth league. Continue reading...
  
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• Let’s move to Beaconsfield, Buckinghamshire: ‘It’s stuck in a time warp’

  09-06-2017 17:30 via theguardian.com
  
  A kind of Mayfair nestled in the Chiltern beechwoodsWhat’s going for it? I could probably afford a three-bedroom detached town house round these parts. Trouble is, it’s 2ft high. Actually, I bet I couldn’t even afford a rabbit hutch in Beaconsfield’s famous Bekonscot Model Village, the oldest and definitely the cutest model village in the world. A square inch or two in this neck of the woods costs a pretty penny. “Stuck in a 1930s time warp,” says Be
  
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• Mars recalls Galaxy, Teasers and Minstrels in UK over salmonella fears

  09-06-2017 17:14
  
  Confectionery firm takes precautionary step of recalling certain chocolate treats due to potential presence of bacteriaMars has recalled some Galaxy chocolate bars, packets of Minstrels and Maltesers Teasers across the UK and Ireland after warning that the products might contain salmonella. Related: Austerity bites? Less chocolate for your money as packets shrinkContinue reading...
  
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• Criminal gang arrested for selling Apple users' private data in China

  09-06-2017 17:00
  
  Authorities uncover operation run by 20 employees of ‘outsourcing company’ that used internal tools to gather and sell data worth over £5.8mA massive underground criminal operation run by employees of an Apple “domestic direct sales company and outsourcing company” to steal and sell the private data of Apple users has been uncovered in China, according to authorities.Chinese law enforcement detained 22 people on suspicion of infringing the privacy of Apple users and
  
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• Pound sinks but FTSE 100 climbs after shock election result

  09-06-2017 15:54
  
  Concerns over Brexit and economic outlook push sterling to lowest level since Theresa May called snap pollThe pound slumped and shares in major banks, housebuilders and construction companies tumbled after the shock election result raised questions over the pace of Brexit talks and prospects for the UK economy.Sterling fell 2% to $1.2670 while shares in Lloyds Banking Group were down, along with those in Royal Bank of Scotland and the housebuilders Barratt and Taylor Wimpey. Shares in the fashio
  
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• The future of research: how can HIV treatment go further? – event

  09-06-2017 15:06
  
  The Guardian will host a debate on 25 July 2017 alongside the IAS conference on HIV science to discuss ways to reach underserved communitiesThe management of HIV has come a long way since the start of the epidemic, with a range of approaches to treat and prevent infection currently available. But challenges still remain. Globally, more than half of those living with HIV still do not have access to treatment, so what needs to be done now?
  Alongside the 9th IAS Conference on HIV Science, the Guard
  
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• L’Oréal to sell Body Shop to Brazil's Natura in €1bn deal

  09-06-2017 13:58
  
  French parent of ailing ethical retailer in exclusive talks with Aesop owner, with sale expected later this yearThe Body Shop is to be sold in a €1bn (£877m) deal to Brazilian cosmetics company Natura, which owns the Aesop brand.L’Oréal, the owner of the British ethical retailer, is in exclusive talks with Natura and expected to finalise a deal this year. Continue reading...
  
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• Leaked Uber sex memo throws new spotlight on frat-house culture

  09-06-2017 13:21
  
  Guidelines about having sex with employees paints picture of sexism at under-fire company that comes directly from CEO Travis Kalanick A leaked memo sent by Uber chief executive Travis Kalanick set guidelines for 400 staff on when it was and wasn’t acceptable to have sex at a company event in Miami in 2013.
  The so-called “Miami letter”, obtained by technology site Recode, is infamous within Uber and set the tone for company culture with a series of dos and don’ts, backed
  
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• Willie Walsh: 'I think some of the criticism of BA has been unfair'

  09-06-2017 12:31
  
  The chief of British Airways parent IAG on the airline’s IT meltdown, keeping the brand relevant – and his ‘Slasher’ nicknameThe frustrating thing for Willie Walsh is that, outside the airline industry, many people still think he is the direct boss of British Airways. In fact, he is the chief executive of IAG – its parent company – and the man who can sack the boss of BA. But, despite mounting public opinion, he is not minded to do so ... yet.It has been a bus
  
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• Boohoo co-founder sells £80m in shares as he reveals 'supersite' plan

  09-06-2017 11:37
  
  Online fashion chain reveals first-quarter sales surge and says £50m share listing will help pay for 600,000 sq ft warehouseThe co-founder of Boohoo.com has cashed in on the fast-growing popularity of the online fashion group by selling more than £80m in shares.Mahmud Kamani and his siblings Rabia Kamani and Nurez Kamani sold a total of 36.6m shares. The Manchester-based retailer also raised £50m through the placing of 22.7m new shares priced at 220p. Continue reading...
  
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• UK election brings more uncertainty to financial markets - IG

  09-06-2017 11:21
  
  IG
  UK election brings more uncertainty to financial markets
  IG
  Theresa May's attempt to increase the Conservative Party's majority in the British parliament backfired spectacularly as Jeremy Corbyn's Labour Party made gains. The pound is set for a roller coaster ride again as uncertainties abound about who will be ...
  A word on financial markets and UK election outcomesCity Index
  UK general election: Here are some choicest picksFinancial Express
  Shock UK election result could stall Brexit and &
  
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• Alphabet sells off 'BigDog' robot maker Boston Dynamics to Softbank

  09-06-2017 11:21
  
  Firm acquired by Japanese company was put up for sale in early 2016 after Google’s parent company cooled on its military connectionsGoogle’s parent company Alphabet has sold robotics firm Boston Dynamics to Japan’s Softbank for an undisclosed sum, over a year after putting it up for sale.As part of the deal, Softbank also purchased Schaft, a lesser known Alphabet robotics subsidiary. Continue reading...
  
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• Co-op Bank draws interest from Qatar conglomerate

  09-06-2017 10:18
  
  Hotels to transport group Al Faisal Holding joins consortium reportedly interested in buying troubled hedge fund-owned bankA Qatar-based company has been identified as part of a consortium interested in making a bid for the troubled Co-operative Bank.Al Faisal Holding, a Qatari conglomerate with interests ranging from hotels to transport, was cited as a bidder for the hedge fund-owned bank in a deal being co-ordinated by Interritus. Continue reading...
  
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• 'Chaos and mayhem' – City reacts to UK election result - Financial ... - Financial News (subscription)

  09-06-2017 09:50
  
  Financial News (subscription)
  'Chaos and mayhem' – City reacts to UK election result - Financial ...
  Financial News (subscription)
  The UK woke up to a hung parliament this morning as Theresa May's snap-election gambit spectacularly backfired. As of 06:41 GMT, with only seven of 650 ...en meer »
  
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• UK economy now in the fog of election uncertainty | Larry Elliott

  09-06-2017 09:37 via theguardian.com
  
  There are echoes of 1974 rather than 1983 as hung parliament points to possibility of second poll within months When it closed for business on election day, the City of London was in confident mood. Theresa May was Margaret Thatcher. Jeremy Corbyn was Michael Foot. Labour’s manifesto was, if not the longest suicide note in history, the second longest. Opinion polls were pointing to a Tory majority of about 100, which is what Thatcher got in her second general election victory.By 10pm when
  
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• 'Chaos and mayhem' – City reacts to UK election result - Financial News (subscription)

  09-06-2017 08:43
  
  Financial News (subscription)
  'Chaos and mayhem' – City reacts to UK election result
  Financial News (subscription)
  The UK woke up to a hung parliament this morning as Theresa May's snap-election gambit spectacularly backfired. As of 06:41 GMT, with only seven of 650 constituencies still to declare, the Conservatives had lost a net 12 seats, and are certain to fall ...en meer »
  
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• Why Uber's latest scandal shows the need for a whole new board

  09-06-2017 08:05
  
  If this incident was isolated, it would still be inexcusable. But complaints about corporate misconduct at the company are coming thick and fast The latest revelations about behaviour at Uber are the most shocking in a long series. A senior executive obtained the medical records of a woman who was raped by an Uber driver in India, it is reported. He was apparently motivated to invade her privacy because Uber executives had somehow convinced themselves that the rape case – for which the dri
  
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• I work best independently, but am trapped in a job where that's frowned on

  09-06-2017 08:00 via theguardian.com
  
  How can I change career to something that suits my temperament, away from the ‘comply and repeat’ roles that fill my CV?
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.I’m 41 and feel completely unsuited to my job temperamentally. I believe I am good at what I do, in that
  
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• How to be resilient: 'self-awareness is fundamental'

  09-06-2017 08:00
  
  Practise mindfulness, join support groups and take time away from technology were some of the tips from the experts in our live chatEntrepreneurs must be able to bounce back from disappointment. It’s a career choice rife with rejection: failure to secure a bank loan, missing out on investment and poor sales are just some of the potential hurdles you can face. But, for many, resilience is a learning process. So how can you develop this trait? In our live Q&A on how to build resilience,
  
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• A Georgian cottage below Edinburgh Castle – in pictures

  09-06-2017 08:00 via theguardian.com
  
  This compact former school house stands guard over the city’s ancient St Cuthbert’s churchyard Continue reading...
  
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• POUND LIVE: Pound NOSESDIVES as election 2017 ends in hung parliament

  09-06-2017 07:30 via feedproxy.google.com
  
  THE pound sank overnight against both the dollar and the euro, as the 2017 election resulted in a hun parliament.
  
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• POUND LIVE: Pound DIVES as election 2017 ends in hung parliament and Tory DUP coalition

  09-06-2017 07:30 via feedproxy.google.com
  
  THE pound fell against both the dollar and the euro, after the 2017 election resulted in a hung parliament before recovering some losses, as Theresa May announced a Conservative coalition with the DUP party.
  
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• Financial markets react to UK election results - Reuters

  09-06-2017 04:19
  
  Reuters
  Financial markets react to UK election results
  Reuters
  ETX Capital traders react as they watch the results for Britain's election in London, June 9, 2017. REUTERS/Clodagh Kilcoyne. LONDON Britain plunged into political turmoil on Friday as election results looked inconclusive, with wounded Conservative ...
  How the shock UK election outcome hit financial marketsEconomic Times
  Gold slips; early UK poll results point to hung parliamentFinancial Express
  UK election brings more uncertainty t
  
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• Financial market analysts react to UK election results - The Star Online

  09-06-2017 02:27
  
  The Star Online
  Financial market analysts react to UK election results
  The Star Online
  Mohamed El-Erian, chief economic adviser at Allianz says markets are pricing in a more complex outlook for policy implementation, including Brexit. LONDON: Prime Minister Theresa May's Conservative Party will fail to win a parliamentary majority in ...
  UK election brings more uncertainty to financial marketsIG
  A word on financial markets and UK election outcomesCity Index
  EU council chief warns UK to avoid 'n
  
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