Financial news

• Double whammy for British tourists as pound plunges and prices rise abroad

  10-06-2017 23:20 via theguardian.com
  
  Sterling value drops again as the markets react to UK’s political turmoil, with tourists losing hundreds of euros in exchange rates compared with two years agoBritish tourists travelling to the continent this summer will lose hundreds of euros in exchange rates compared with two years ago, as ongoing political turmoil continues to hit sterling.Holidaymakers buying €1,000 can now expect to pay around £879 after sterling dropped as markets reacted to the result of the snap general
  
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• UK vote sparks uncertain outlook for financial sector - The Daily Star

  10-06-2017 20:07
  
  The Daily Star
  UK vote sparks uncertain outlook for financial sector
  The Daily Star
  For the wider British economy, the result of the polls refocuses attention on the uncertain path lying ahead for London's key financial sector. AFP. Afp, London. Financial markets dislike uncertainty but were handed a hugely clouded outlook Friday ...
  Theresa May must loosen tax policy in the UK, explains a financial expertMarkets Morningalle 3.928 nieuwsartikelen »
  
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• City news: Natura, Fuller's, DX and Stanley Gibbons

  10-06-2017 13:13 via feedproxy.google.com
  
  THE Body Shop is set to be sold to Brazilian beauty products group Natura Cosmeticos for £877milion.
  
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• Letter to my younger self: you'll cry with pride

  10-06-2017 10:00
  
  Stuart Macdonald, founder of ManíLife peanut butter, got through a bout of depression to fulfil a dreamDear Stu,I’m writing to you from one of the many cafes that will become your office 10 years from now. That bubbling discomfort you’re feeling at 15 still persists.Continue reading...
  
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• BehindBras: lingerie business dreamed up in jail aims to help women prisoners

  10-06-2017 09:00
  
  After serving 30 months, Barbara Burton set up a social enterprise selling bras, with profits going into training to help women prisoners find jobs after releaseOn Barbara Burton’s first night in HMP Durham, she was given three sets of prison-issue underwear. It was plucked hastily from a shelf and didn’t fit properly. “From that point your dignity is completely gone,” she says, thinking back to that day in 2012. It was the first time the 55-year-old had been to prison. T
  
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• Renewing your RAC cover? Don’t let them jack up the price

  10-06-2017 08:00 via theguardian.com
  
  If your policy renews automatically, chances are you could be paying way over the odds. We look at some alternativesThe RAC has been accused of trying to rip off a long-standing customer by demanding £205 for a basic breakdown recovery annual policy – then immediately offering to cut it to £120 when he rang up to complain.A new customer signing up to the RAC can buy what looks like the same cover for £100, so this would appear to illustrate the dangers of allowing a polic
  
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• My bank has stopped its deposit service – where can I store my valuables?

  10-06-2017 08:00 via theguardian.com
  
  I’m looking to rent a box, or wondering whether to buy a safeEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• Like to make music? Turn your tunes into an income stream

  10-06-2017 08:00 via theguardian.com
  
  Meet the stock music composers who can make up to £30,000 a year by writing and selling the soundtracks to our digital livesMost people know you can earn money from posting videos and images on the likes of YouTube and Instagram. But few are probably aware that there is a hidden army of “gig economy” entrepreneurs who are earning a bit of extra cash – or in some cases as much as £30,000 a year – by composing the music that soundtracks our lives in the digital
  
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• Homes with starring roles – in pictures

  10-06-2017 08:00 via theguardian.com
  
  You might just recognise these properties if you’re a keen filmgoer Continue reading...
  
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• Deposit-free renting sounds good – or could tenants lose out?

  10-06-2017 08:00 via theguardian.com
  
  New plans aim to ease the burden of having to find an average £967. But they come with a warningDeposits can be the bane of tenants’ lives. Not only do renters have to fork out hundreds of pounds in letting agent fees, but they usually have to stump up the equivalent of a month’s or six weeks’ rent as a deposit, too. However, several new ventures reckon they have found a way to rent properties without having to put down a deposit.According to the Deposit Protection Servic
  
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• ‘A person who lies once is capable of lying again’ – our work expert responds

  10-06-2017 08:00 via theguardian.com
  
  Our careers expert – and you the readers – help someone whose colleague refuses help, and an job seeker embarrassed by their short stint in the policeI work in a small team for a large professional services company and have a colleague who, while constantly bemoaning how busy they are, refuses the offer of any help. I put this down to a “martyr complex” but was alarmed when I found out she had told my line manager that I was not pulling my weight. I also learned she said
  
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• As we wave goodbye to cash, ATMs have had to get a whole lot smarter

  10-06-2017 07:59 via theguardian.com
  
  Who needs to withdraw old-fashioned notes when we can pay with the tap of a card? But the ATM is fighting back, with a raft of new technology set to take over where high street branches are leaving offIt’s 50 years this month since actor Reg Varney, best-known for his role in 70s sitcom On the Buses, withdrew £10 on the opening day of the world’s first cash machine at a Barclays branch in Enfield, north London. Since then, more than 70,000 have been installed across the UK, las
  
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• Business leaders urge politicians to 'get their house in order' to protect UK economy

  10-06-2017 01:01 via feedproxy.google.com
  
  BUSINESS leaders urged politicians to “get their house in order” to reassure investors and protect Britain’s economic interests yesterday.
  
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• Households' share of national economic pie nears 50-year low

  10-06-2017 00:07
  
  It’s not just small by Australian standards but also lies towards the bottom of the international ladder, economist warnsThe share of national income going to Australian households is close to a 50-year low, and now “lies towards the bottom of the international ladder”, an economist has warned.Bureau of Statistics data show labour’s share of gross domestic product has fallen to 51.5%, down from 54.2% in the third quarter of last year. At the same time, the profit share of
  
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