Financial news

• France's Emmanuel Macron says EU door remains open to UK - Financial Express

  13-06-2017 22:48
  
  Financial Express
  France's Emmanuel Macron says EU door remains open to UK
  Financial Express
  French President Emmanuel Macron said on Tuesday that the door to the European Union remains open to the United Kingdom as long as exit negotiations are not concluded, but it would be difficult to walk back once negotiations start. By: Reuters ...en meer »
  
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• Political uncertainty and falling pound are worrying for business leaders

  13-06-2017 19:27 via feedproxy.google.com
  
  THE pound kept sliding as concerns over UK economic outlook intensified after a collapse in business confidence following the general election, yesterday.
  
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• Foreign investors snapping up London homes suitable for first-time buyers

  13-06-2017 17:10 via theguardian.com
  
  Research for London mayor, Sadiq Khan, shows homes being used as buy-to-let investments and being held in off-shore tax havensForeign investors are buying up thousands of homes suitable for first-time buyers in London, using them as buy-to-let investments and often holding them in offshore tax havens, research for the London mayor, Sadiq Khan, has revealed.Led by investors from Hong Kong and Singapore, foreign buyers snapped up 3,600 of London’s 28,000 newly built homes between 2014 and 20
  
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• Brexit CAN be reversed and UK welcome to stay in the EU, says German finance minister

  13-06-2017 17:07 via feedproxy.google.com
  
  BRITAIN is welcome to stay in the European Union if the country changes its mind about Brexit, German finance minister Wolfgang Schaeuble has said, in the wake of last week's General Election.
  
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• America CRUSHES Saudi oil control: Prices fall as US heads for new supply record

  13-06-2017 16:58 via feedproxy.google.com
  
  OIL prices have continued to tumble as the US takes on Saudi Arabia to become one of the biggest producers in the world.
  
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• Eurozone recovery dealt MAJOR BLOW over fears for Germany's economy - confidence wanes

  13-06-2017 16:46 via feedproxy.google.com
  
  CONFIDENCE in Germany's economy has tumbled, dashing hopes for a growth boom over the coming year that could pull up the eurozone.
  
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• Global credit crunch WARNING issued on debt bubble as current trends mirror 2008 crash

  13-06-2017 16:32 via feedproxy.google.com
  
  WARNING signals have been felt today after a key credit indicator mirrored the same pattern experienced ahead of the financial crisis of 2008, in a eerie sign that the global economy is heading for another downturn.
  
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• What is the future for driverless vehicles? – live chat

  13-06-2017 16:06
  
  Join us on this page on Tuesday 20 June, 12 noon-1pm (BST), to discuss the impact autonomous vehicles are set to have around the world 2.29pm BSTThe technology and interest around driverless cars is developing fast. The co-founder of UK startup Oxbotica has said the use of autonomous vehicles for shopping, short trips, airports and warehouses is imminent.By 2025, auto manufacturers are predicting that at least half of today’s drivers are unlikely even to want to own a car. 2.29pm BST Conti
  
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• EDF Energy's Vincent de Rivaz to step down after winning Hinkley battle

  13-06-2017 15:27
  
  Chief executive will leave post in October after 15 years, having secured deal with UK government over Somerset nuclear plantThe man who helped secure Britain’s first new nuclear power station in a generation will step down as chief executive of EDF Energy in October, marking the end of a 15-year tenure.Vincent de Rivaz is the longest-serving CEO among the heads of the UK’s big six energy suppliers and will be replaced on 1 November by Simone Rossi, who leads the company’s inte
  
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• Pound v US dollar: GBP up from two-month low as UK inflation climbs

  13-06-2017 15:06 via feedproxy.google.com
  
  AFTER slumping to a two-month low at the beginning of the week, the GBP/USD exchange rate was able to strengthen modestly on Tuesday.
  
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• Incomes squeeze denied May a landslide – now she must change course

  13-06-2017 15:06 via theguardian.com
  
  With inflation at a four-year high and real wages shrinking, the Conservatives need to show the age of austerity is overAnyone seeking an explanation for the bloody nose received by the government in the election should start with wages, prices and living standards.Sure, the Conservatives fought a terrible campaign. True, Theresa May’s shortcomings were exposed. No question, the mobilisation of young voters by Labour played a big part in the result. Continue reading...
  
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• H&M, Zara and Marks & Spencer linked to polluting viscose factories in Asia

  13-06-2017 14:24
  
  Major fashion brands are sourcing viscose from factories in China, Indonesia and India which are polluting and damaging health, according to new reportMajor fashion brands have been linked to viscose produced in polluting factories, according to a new report by the Changing Markets Foundation.
  Viscose, touted as a sustainable alternative to cotton or polyester, is often used as a cheaper and more durable alternative to silk, commonly in skirts and dresses. Experts say it is just as likely to be
  
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• House price inflation in April at six-month high, official figures show

  13-06-2017 14:20 via theguardian.com
  
  ONS data runs counter to recent reports from mortgage lenders suggesting the market was in decline, but acknowledges a general slowdownAlmost £3,500 was added to the value of the average house during April after the property market enjoyed a spring boost, according to official figures.The data, which shows that annual house price inflation has risen to its highest level since last October, runs counter to reports from mortgage lenders and others that the market was slowing down.Continue re
  
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• Pound v Australian dollar: GBP rises against AUD as UK inflation data pressures BoE

  13-06-2017 13:25 via feedproxy.google.com
  
  STRONGER than expected inflation data two days before the Bank of England meets to set monetary policy has pushed the pound higher versus the Australian dollar.
  
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• Britons feel the squeeze as inflation rises to four-year high of 2.9%

  13-06-2017 12:39
  
  Rising cost of package holidays one factor in unexpected May increase, with inflation continuing to outpace UK wage growthUK inflation rose to a four-year high in May as the pound’s sharp fall since the Brexit vote worked its way through the economy, intensifying the squeeze on household budgets.The increasing cost of computer games and package holidays helped push up inflation to 2.9% last month, above the expectation of economists that it would remain at the 2.7% rate seen in April. The
  
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• East of England supports 5.6% house price growth: UK HPI ... - Financial Reporter

  13-06-2017 11:09
  
  Financial Reporter
  East of England supports 5.6% house price growth: UK HPI ...
  Financial Reporter
  Average house prices in the UK increased by 5.6% in the year to April, up from 4.5% in the year to March, according to the latest UK House Price Index from the ...en meer »
  
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• POUND LIVE: Pound rises as inflation SOARS to four-year high of 2.9%

  13-06-2017 09:31 via feedproxy.google.com
  
  THE pound has edged up against the euro and the dollar, as inflation jumped to levels not seen since 2013, putting pressure on British households and the Bank of England's interest rate decision this week.
  
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• Why doesn’t Google play fair with my cancellation?

  13-06-2017 08:00 via theguardian.com
  
  I signed up for a free trial but was then chargedI subscribed to the Google Play music service for a three-month free trial, and used the app to cancel the subscription before the free trial period ended. But four months later I realised I’d been paying £9.99 a month by direct debit. When I complained I was told its refund policy won’t cover the first three months of payments as it had been left “too long”. The helper even noticed that my account still hadn’t
  
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• Logan Plant: going on the road with my dad opened my eyes

  13-06-2017 08:00
  
  The founder of Beavertown Brewery explains how his father, Led Zeppelin’s Robert Plant, influenced his love for beerIt came from my infatuation with beer. Growing up in the West Midlands, I was dragged around many of the old pubs of the Black Country by my dad. Eventually, I fell in love with the beer. At 20, I had a dream of opening a brewery somewhere in the middle of nowhere. I put that on the back burner and went into the music industry for about 10 years. I was in the US touring [as t
  
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• Battery storage and rooftop solar could mean new life post-grid for consumers

  13-06-2017 01:51
  
  The Finkel report offers glimpse of opportunity for consumers and businesses to play the electricity market To illustrate the impact of battery storage on the electricity network in Australia, Prof Guoxiu Wang likes to compare it to the invention of refrigeration.
  “Before people invented the fridge, we produced food, we consumed food immediately,” says Wang, director of the Centre for Clean Energy Technology at the University of Technology, Sydney. “With the development of appr
  
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• REPAIR and RENEW business slashes damage costs for builders, insurers and householders

  13-06-2017 01:01 via feedproxy.google.com
  
  Repair and renew is the new replacement says the firm that is tackling damage in a radically different way so disaster-struck householders and businesses are saved a fortune.
  
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• Moody's warns election result will complicate Brexit talks

  13-06-2017 01:01
  
  UK political instability will harm economic growth and debt rating, say two main credit rating agenciesThe inconclusive outcome of Britain’s snap election will complicate and probably delay Brexit negotiations that were due to start next week, a leading credit rating agency has warned.Moody’s, one of the big financial bodies that assigns credit scores to governments, said Theresa May’s failure to secure an outright majority would also hurt the UK’s standing on internation
  
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