Financial news

• US Banks may shift Funds from UK Internationally due to Brexit - Financialbuzz.com

  21-06-2017 18:06
  US Banks may shift Funds from UK Internationally due to Brexit
  Financialbuzz.com
  A few American financial behemoths like Citigroup, Morgan Stanley and Bank of America, are trying to assess whether it will be feasible to transfer transactions worth billions of dollars from London to other financial hubs of the world. This move, if ...
  
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• Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk

  21-06-2017 16:05
  
  Supermarket giant to shut operation in Cardiff and move work to DundeeTesco is to close a call centre in Cardiff, putting 1,100 jobs at risk.The supermarket chain said that in February it planned to close one of its two call centres which handle customer emails, social media inquiries and phone calls. About 250 jobs will be created in the group’s other call centre, in Dundee, which will handle all customer queries. Workers from Cardiff will be offered work there but few are expected to mov
  
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• Parents: why do you stay late at work?

  21-06-2017 15:31 via theguardian.com
  
  New figures show that only one in three parents go home from work on time every day. We’d like to hear your reasons why
  Up to three in five parents often work late and end up missing their children’s bedtime, according to a charity’s survey. The charity Working Families’ survey of 2,700 adults revealed parents have been finding it difficult to strike a balance between work and home. To mark the longest day of the year, the charity is campaigning for parents to take part i
  
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• Bank of England rift as chief economist ponders interest rate rise

  21-06-2017 13:09
  
  Andy Haldane reveals he seriously considered opposing governor Mark Carney in MPC vote earlier this monthSigns of a deepening rift on the Bank of England’s monetary policy committee have emerged after Threadneedle Street’s chief economist revealed he seriously considered opposing the governor, Mark Carney, and voting for an interest rate rise earlier this month.Just 24 hours after Carney said the state of the economy and the uncertainty caused by Brexit meant borrowing costs should s
  
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• 76% of UK investors refuse costly financial advice - Portfolio Adviser

  21-06-2017 12:18
  
  Portfolio Adviser
  76% of UK investors refuse costly financial advice
  Portfolio Adviser
  Three-quarters of UK investors would refuse to pay for financial advice, a survey by Legg Mason Asset Management has revealed. Print · 76% of UK investors refuse costly financial advice. In the fifth survey of its kind, Legg Mason found 76% of ...
  Legg Mason taps JP Morgan for UK sales headFinancial News (subscription)alle 74 nieuwsartikelen »
  
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• Uber CEO Travis Kalanick should have gone years ago | Nils Pratley

  21-06-2017 12:01
  
  Silicon Valley has too much patience with the idea of founders as business visionaries – they need to be properly accountableTravis Kalanick has resigned as chief executive of Uber – too late and without an admission of personal responsibility for the many scandals that have engulfed the ride-hailing firm he helped to found. If Uber was a normal public company, subject to even a gentle governance regime, he would have been fired years ago.As it is, Kalanick’s resignation counts
  
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• Why is productivity so low since the crisis – particularly in the UK? | Howard Davies

  21-06-2017 11:33 via theguardian.com
  
  Policymakers must act before the lack of productivity and real wage growth causes further political upheavalsIn all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth trend continued. The figures are stark, particularly so in the UK, but also across the OECD. And while it goes without saying that economists have many ingenious explanations to offer, none has ye
  
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• Tories' 30-hour free childcare plan fails to target poor families, says expert

  21-06-2017 11:04 via theguardian.com
  
  OECD education director welcomes scheme but questions government’s decision to focus on working parentsThe government’s plan to provide 30 hours’ free childcare has been criticised by a leading global education expert for failing to target the most disadvantaged families whose children stand to gain the most.Andreas Schleicher, education director of the Organisation for Economic Co-operation and Development (OECD), welcomed the doubling of the free childcare offer, which he sai
  
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• How privatization could spell the end of democracy

  21-06-2017 10:00
  
  Between Trump and tech, never before have so many powerful people been so intent on transforming government into a business It’s a hot day in New York City. You’re thirsty, but your water bottle is empty. So you walk into a store and place your bottle in a machine. You activate the machine with an app on your phone, and it fills your bottle with tap water. Now you are no longer thirsty.This is the future envisioned by the founders of a startup called Reefill. If the premise sounds od
  
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• Working in a heatwave: your legal rights

  21-06-2017 08:01 via theguardian.com
  
  Can an employer force you to wear a heavy uniform in the heat? And is there a maximum temperature you can be expected to work in?Sweltering in a suit? Share your experiences of working in a heatwaveHave you been sweltering at work this week in a suit and tie? You may have already ditched the office dress code, but what does the law say about wearing a uniform during a heatwave?While UK employees aren’t expected to work in temperatures below 16C (or 13C if doing physically demanding work),
  
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• Startups change the world. But what happens when big brands bite back?

  21-06-2017 08:00
  
  Small businesses must stay ahead of large competitors by constantly innovating and exploring new marketsIn April, news broke that British chip designer Imagination Technologies was losing its biggest customer. Apple, which has used the firm’s graphics technology for years, has been developing its own independent graphics design and expects to stop using Imagination’s technology within two years. Reports suggest the firm is braced for a battle over its intellectual property rights and
  
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• I flew with Austrian Airlines between two high-security airports … without trace

  21-06-2017 08:00 via theguardian.com
  
  My return flight was cancelled because ‘I hadn’t showed up’ for the departure, but I’d been through passport control on the way outIn March I flew on an Austrian Airlines flight from Vienna to Brussels. I checked in online and went through passport control and all the security checks before boarding. Two days later I tried to check in online for my return flight, but couldn’t. At the airport I was told my reservation had been cancelled as I had missed the outbound f
  
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• UK subprime lender Provident Financial warns on profit over ... - Daily Mail

  21-06-2017 07:57
  
  BBC News
  UK subprime lender Provident Financial warns on profit over ...
  Daily Mail
  June 21 (Reuters) - British subprime lender Provident Financial Plc said on Tuesday it expected operational disruption from the reorganisation of its home...
  European shares slip further, Provident Financial plummetsLondon South East (registration) (blog)alle 135 nieuwsartikelen »
  
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• House sales have fallen by nearly a third in some parts of UK, says Lloyds

  21-06-2017 07:01 via theguardian.com
  
  Housing market activity now substantially below level before financial crash thanks to high prices and stamp duty, research findsHigh prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank.The number of home sales in England and Wales fell by 7% in 2016 to 848,857, but dropped most heavily in London, by 18%, and 10% in the south-east. Brent in north London and Berkhamsted in Her
  
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• Motor neurone disease places 'overwhelming financial burden' on sufferers - AOL UK

  21-06-2017 01:29
  
  AOL UK
  Motor neurone disease places 'overwhelming financial burden' on sufferers
  AOL UK
  People with motor neurone disease (MND) have to shell out almost £10,000 because of costs associated with the disease. A new cost analysis from the think tank Demos showed that the average patient needs £9,645 every year to pay for their additional ...en meer »
  
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• Record low interest rates send house prices SOARING for homeowners

  21-06-2017 01:01 via feedproxy.google.com
  
  A ‘ONCE-in-a-generation’ era of record low interest rates means UK homeowners have enjoyed an unrivalled run of soaring house prices, research has found.
  
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