Financial news

• Pound jumps as Mark Carney says rate hike debate is building - as it happened

  28-06-2017 19:01
  
  The pound rose above $1.29 after the Bank of England governor said some removal of monetary stimulus could become necessaryPound jumps above $1.29 on Carney commentsBoE governor says rates could rise if wages and growth pick upBiggest one-day jump since AprilGovernor surprises markets with rate rise hintWhy Carney’s comments matterAnalysts: the picture is getting muddy 6.01pm BSTPS: Here’s economics editor Larry Elliott’s take: Related: Pound leaps as Carney says growth will be
  
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• UK financial regulator puts asset management industry on notice - Financial Times

  28-06-2017 18:38
  Financial Times
  UK financial regulator puts asset management industry on notice
  Financial Times
  In the end, the Financial Conduct Authority's eagerly-awaited “final” report on the workings of the UK's £7tn asset management sector was anything but definitive. However, Britain's financial regulator has put the industry, including domestic ...
  UK financial watchdog announces retail banking studyYour Money
  UPDATE 1-UK financial watchdog taking close look at auto financeReuters
  UK
  
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• Will there be a credit crisis? Why the Bank of England is warning about consumer credit

  28-06-2017 18:28 via feedproxy.google.com
  
  THE Bank of England has raised the alarm over the rapid growth of consumer credit, especially credit card lending and car finance.
  
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• Robots to mine the ocean floor: the risks and rewards of deep-sea mining – video

  28-06-2017 18:17
  
  On the seabed, where the water is as dark as ink, lies a vast treasure of untouched resources. Nautilus Minerals will use remote-controlled robots to steamroll the bottom of the Bismarck Sea off the coast of Papua New Guinea – but this emerging technology could forever scar the landscape of the sea Continue reading...
  
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• Pound leaps as Carney says growth will be factor in interest rate debate

  28-06-2017 17:15
  
  Any change to rates would be linked to economic activity and Brexit outcomes, but Bank governor says still ‘too early’ to make that callThe governor of the Bank of England has sent the pound higher on the foreign exchanges after he warned that the continued growth in the UK economy would eventually lead to higher interest rates. Sterling rose by almost a cent against the dollar to stand at a post-election high on remarks seen as bringing forward the date of the first increase in the
  
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• Tesco continues savings drive as it cuts 1,200 head-office jobs

  28-06-2017 16:54
  
  One in four roles at Hatfield and Welwyn offices to go, says supermarket – week after it said 1,100 roles in Cardiff would be axedTesco is to cut 1,200 jobs at its head office, only a week after announcing that 1,100 jobs would be axed at a call centre, as its chief executive, Dave Lewis, presses on with a cost-cutting drive.The UK’s largest supermarket chain told staff of the cuts on Wednesday morning. A quarter of staff at offices in Welwyn Garden City and Hatfield face the axe, al
  
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• How apps and tech are transforming the way charities raise money

  28-06-2017 16:32 via theguardian.com
  
  Charities were slow to embrace new technologies, but innovative apps are now common in the fundraising sectorThe adoption of digital technology in the charity fundraising sector is still in its infancy, with even the bigger organisations only at the start of their journey.According to Blackbaud’s 2016 Charitable Giving Report, a mere 7.2% of all individual donations in the UK were made online. Of those online donations, however, 17% were made using mobile devices – a jump of eight pe
  
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• Mark Carney just revealed two shock graphs that paint a VERY interesting Brexit picture...

  28-06-2017 16:28 via feedproxy.google.com
  
  BANK of England chief Mark Carney has performed a stark u-turn over the outlook for Britain and admitted that investment in the economy is set to pick up as the UK leaves the European Union .
  
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• BT tops complaints league for broadband and pay-TV users

  28-06-2017 16:19 via theguardian.com
  
  Telecoms group’s subsidiaries Plusnet and EE also attract high level of complaints, while Sky has fewest disgruntled usersBT was the most complained-about broadband provider in the first three months of the year as customers took the company to task over faults and service issues.Telecoms regulator Ofcom, which publishes complaints data every three months, also found BT to be the most criticised pay-TV company, with almost four times the industry average complaint level. Continue reading..
  
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• Euro falls as central bank says Mario Draghi's upbeat economy speech was WRONG

  28-06-2017 15:43 via feedproxy.google.com
  
  THE euro has fallen from nine-month highs against the dollar, after the European Central Bank moved to downplay apparently optimistic economy comments made by its chief.
  
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• Is standing up the new sitting down? | Stefan Stern

  28-06-2017 13:06 via theguardian.com
  
  Sitting down could be as bad as smoking, but offices would get a bit crowded if everyone wandered around constantly – and beside, we all like a nice deskAre you sitting comfortably? Perhaps you shouldn’t be. Extended periods in a sedentary position can slow down your metabolism, which is bad news for your blood pressure, blood sugar levels and cardiovascular health. A new piece of research suggests that some people at work are spending over seven hours a day sitting down, which is mo
  
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• Tesco axes 1,200 jobs amid desperate bid to cut costs: Is your store affected?

  28-06-2017 12:47 via feedproxy.google.com
  
  SUPERMARKET giant Tesco is scrapping 1,200 jobs as part of a major drive to save money amid heated competition in the sector.
  
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• House prices BOUNCE BACK amid election and Brexit - but London growth worst since 2012

  28-06-2017 12:08 via feedproxy.google.com
  
  HOUSE prices surged in June as buyers shrugged off election uncertainty and the start of Brexit talks.
  
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• London house price growth slows as rest of UK bounces back

  28-06-2017 11:37 via theguardian.com
  
  Nationwide finds weakest pace of growth in capital since 2012, thanks to lower buy-to-let demand and higher stamp dutyLondon house prices suffered a sharp slowdown in the second quarter, rising at the weakest rate in five years and falling behind the rest of the UK according to the latest snapshot of the property market from Nationwide.Annual price growth in the capital dropped to 1.2% between April and June, from 5% in the previous quarter. It was the slowest growth since 2012 and fell below th
  
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• BANK’S STARK WARNING: Britain heading for crash if lenders don’t rein in credit binge

  28-06-2017 11:17 via feedproxy.google.com
  
  BRITAIN could be heading towards another credit-fuelled economic crash as households rack-up debt at an alarming rate, the Bank of England has warned.
  
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• Island homes – in pictures

  28-06-2017 10:50 via theguardian.com
  
  From a thatched cottage on the Isle of Wight to a home on the Seine or a Canadian island, these properties are ideal for getting away from it all Continue reading...
  
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• IMF downgrades US growth as officials claim Donald Trump’s plan for US economy will fail

  28-06-2017 10:13 via feedproxy.google.com
  
  THE International Monetary Fund yesterday cut its growth forecasts for the U.S. economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump's tax cut and fiscal spending plans would boost growth.
  
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• POUND LIVE: Pound ROCKETS as Bank of England chief says interest rates could soon rise

  28-06-2017 09:45 via feedproxy.google.com
  
  THE pound surged against the euro, wiping earlier losses, after Bank of England Governor Mark Carney admitted that the debate over an interest rate rise was intensifying.
  
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• Eco startups in Trump's America: 'Fake news could hit investment'

  28-06-2017 08:00
  
  After the US’s exit from the Paris climate accord, renewable energy entrepreneurs fear their industry will suffer from misinformation about climate changeFollowing the decision made by president Donald Trump to pull the US out of the Paris climate agreement, entrepreneurs working in the renewable energy (such as solar and wind power) and sustainability sector vow to carry on despite fears his actions could hit investment.Related: Nimble entrepreneurs seek solutions to air quality crisisCon
  
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• World's first cash machine turns gold to mark 50th anniversary

  28-06-2017 01:33
  
  A Barclays bank branch in Enfield, London opened the world’s first ATM on 27 June 1967 – there are now an estimated 3 million across the globeFive decades after it heralded a transformation in the way people obtained and used cash, the site of the world’s first cash machine was turned into gold to celebrate its 50th anniversary. The brainchild of a Scottish inventor John Shepherd-Barron, the first ATM was opened on 27 June 1967 at a branch of Barclays bank in Enfield, north Lon
  
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• Pound v US dollar: GBP at three-week high against USD as IMF downgrade growth forecast

  28-06-2017 01:00 via feedproxy.google.com
  
  THE pound pushed higher against the US dollar on Tuesday as the International Monetary Fund cut its 2017 growth forecast for the US.
  
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• Pound V euro: GBP drops after Draghi comments as DUP-Sinn Fein deal remains in doubt

  28-06-2017 01:00 via feedproxy.google.com
  
  THE speech from European Central Bank President Mario Draghi drove the GBP/EUR exchange rate lower and the pound has consolidated those losses today.
  
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