Financial news

• Closure of UK’s largest gas storage site ‘could mean volatile prices’

  20-06-2017 20:32
  Shuttering of Rough facility off Yorkshire coast by British Gas owner Centrica will increase dependence on imports, say criticsThe closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports.British Gas’s owner, Centrica, said it was permanently closing the Rough facility off the Yorkshire coast because it had become unsafe and uneconomic to reopen the facility, which had be
  
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• SFO has clear public interest in pursuing Barclays case | Nils Pratley

  20-06-2017 20:05
  
  The financial crisis may feel a long time ago, but the Serious Fraud Office is duty bound to investigate alleged criminalityOne idea doing the rounds in the City needs to be knocked on the head. It is the notion that the Serious Fraud Office should have let whatever sleeping dogs there might be lie in the Barclays case.This argument holds that, whatever went on with the bank and Qatar in 2008, the UK Treasury avoided having to fund another expensive banking bailout, to sit alongside those at Roy
  
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• Philip Hammond says Brexit deal must put jobs and prosperity first

  20-06-2017 16:08 via theguardian.com
  
  Chancellor says Britain is weary of austerity as he sets out Brexit path that includes pledge to keep borders openA Brexit deal that puts jobs and prosperity first is the only way the UK will be able to deliver the strong growth that will enable it finally to escape from the long years of austerity, the chancellor has said.In his strongest call yet for a managed approach, Philip Hammond said a comprehensive trade agreement, a transitional deal after the 2019 deadline for the end of talks, and a
  
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• Banking giant HSBC to create 500 jobs in Scotland

  20-06-2017 16:08 via feedproxy.google.com
  
  HSBC is creating 500 new jobs in Scotland as it expands several functions of its operations north of the border.
  
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• Co-op Bank in 'advanced talks' over financing deal with existing investors

  20-06-2017 14:04 via feedproxy.google.com
  
  THE Co-operative Bank is in “advanced talks” over a financing deal with existing investors.
  
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• Standard Life and Aberdeen Asset Management: Investors endorse £11billion merger

  20-06-2017 13:35 via feedproxy.google.com
  
  INVESTORS have endorsed an £11billion merger of Standard Life and Aberdeen Asset Management.
  
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• Tesco home delivery customers left fuming over computer glitch

  20-06-2017 13:25 via theguardian.com
  
  Shoppers vent on social media after IT meltdown affects up to 10% of ordersThousands of Tesco customers have had online orders cancelled after a computer glitch. Related: Tesco says price rises are last resort as UK growth hits seven-year highContinue reading...
  
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• Bonmarche blames lack of fashion sense and unseasonal weather for a same-store sales drop

  20-06-2017 13:18 via feedproxy.google.com
  
  BONMARCHE blamed lack of fashion sense and unseasonal weather for a same-store sales drop which melted annual profit by nearly 40 per cent.
  
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• As Brexit talks begin, Europe sees economic upswing over UK - Financial Post

  20-06-2017 12:20
  Financial Express
  As Brexit talks begin, Europe sees economic upswing over UK
  Financial Post
  LONDON — When Britain voted to leave the European Union a year ago, proponents argued Britain's economy was being held back by the slow-growing, dysfunctional bloc. A year on, and with the Brexit divorce talks finally starting, the situation is ...
  Major Businessmen in UK call for access to EU single MarketFinancialbuzz.com
  UK sees 'happy' Brexit outcome for both sides: Boris JohnsonFinancial Expr
  
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• Ombudsman to investigate financial irregularities at Garda College - Belfast Telegraph

  20-06-2017 11:37
  
  Belfast Telegraph
  Ombudsman to investigate financial irregularities at Garda College
  Belfast Telegraph
  The Garda Ombudsman has been asked to investigate financial irregularities at the force's training college. Garda Commissioner Noirin O'Sullivan said the controversy around the Garda College at Templemore was referred to the watchdog after she was ...en meer »
  
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• Squaring the circle on jargon. Why do we speak in riddles at work?

  20-06-2017 11:00
  
  Phrases like ‘ideas shower’ are not only grating on the ear, they’re bad for business. But stopping people ‘reaching out’ for the latest buzzword is a challengeFor anyone wanting to unsettle an audience with a turn of phrase there’s plenty to inspire in the lexicon of corporate jargon. Republican representative Jason Chaffetz did this to great effect when calling for Donald Trump to reveal his tax returns in the run up to the US presidential election last year
  
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• Don't believe the hype: the downside of being the next big thing

  20-06-2017 11:00
  
  Generating a buzz is the holy grail for any product launch but, for some, hype has proven more of a hindrance than a helpThe history of business is littered with the debris of companies that fell prey to hype, usually of their own making. From New Coke to the Apple Newton, many have found that a wave of hype often propels an idea only so far until it is smothered by the heightened expectations it has created. The recent launch of SnapChat’s Snap Spectacles to much fanfare inevitably calls
  
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• Financial watchdog to probe insurance access issues - AOL UK

  20-06-2017 10:44
  
  AOL UK
  Financial watchdog to probe insurance access issues
  AOL UK
  The challenges faced by cancer patients in finding suitable travel insurance are being probed by a watchdog. The Financial Conduct Authority (FCA) is seeking views and evidence of the challenges firms face in providing travel insurance for consumers ...
  UK's Financial Conduct Authority Asks For Feedback On Consumer Access To ...Exchange News Directalle 15 nieuwsartikelen »
  
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• Brexit-bashing Mark Carney warns Britons will be hit by exit as he freezes interest rates

  20-06-2017 09:45 via feedproxy.google.com
  
  MIKE CARNEY warned Britons their wages could be hit by Britain's exit from the European Union as he insisted now is not the time to raise interest rates.
  
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• UK's Financial Conduct Authority Asks For Feedback On Consumer Access To ... - Exchange News Direct

  20-06-2017 08:35
  UK's Financial Conduct Authority Asks For Feedback On Consumer Access To ...
  Exchange News Direct
  The Financial Conduct Authority (FCA) is seeking views and evidence of the challenges firms face in providing travel insurance for consumers who have, or have had, cancer, and the challenges for these consumers in accessing insurance. The paper is also ...en meer »
  
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• I need the right KnowHow to fix my son’s laptop

  20-06-2017 08:00 via theguardian.com
  
  It has gone back to PC World for a third time and I don’t think it’s fit for purposeBack in January 2016 I bought a HP laptop for my son from Curry’s/PC World for £440. Since then I have been paying £5.50 a month for its KnowHow service agreement. When, after six months, it stopped working I took it in for repair. It came back wiped of all his schoolwork – the repair docket stated the problem was caused by a corrupted operating system. Three months later
  
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• Italy rules out saving 'toxic debt' banks before Brussels 'blocks state-funded bailout'

  20-06-2017 06:13 via feedproxy.google.com
  
  ITALIAN ministers have opted against saving its two struggling banks, it has been revealed.
  
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• Jaguar teams up with Gorillaz to recruit new workers

  20-06-2017 01:01 via feedproxy.google.com
  
  BRITISH car making has had a double boost with Jaguar Land Rover to recruit 5,000 workers and UK firms grabbing a bigger slice of the parts market.
  
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• Pound V euro: GBP plummets against EUR as Mark Carney advocates for low interest rates

  20-06-2017 01:00 via feedproxy.google.com
  
  Matthew AndrewsTHE pound has tumbled against the euro this morning after Bank of England Governor Mark Carney said that interest rates would remain at a record low for the time being.
  
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• Pound v Australian dollar: GBP plummets against AUD as Mark Carney remains cautious

  20-06-2017 01:00 via feedproxy.google.com
  
  THE pound has slumped against the Australian dollar this morning after Bank of England Governor Mark Carney stated that interest rates should remain frozen for the time being.
  
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