Financial news

• Is your money safe? Banks letting payments through WITHOUT your Pin or signature

  14-07-2017 22:37 via feedproxy.google.com
  
  BANKS are slowly abandoning the need for customers to enter a correct Pin number in order to complete certain transactions.
  
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• The Guardian view on Brexit policy: time for Britain to get real | Editorial

  14-07-2017 19:49 via theguardian.com
  
  By the time MPs get back after the summer, there will only be a year left to sort the UK’s relationship with the EU. Here is an agenda that the country could agree onNext week, parliament goes into recess for the summer. Save for a few days in September, MPs are not scheduled to be back at Westminster until 9 October. By then, six of the 24 months allotted for negotiating the UK’s exit from the European Union and Britain’s future relationship with the EU will have passed. In pr
  
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• Channel Tunnel rail link sold on to consortium for £3bn

  14-07-2017 19:38 via theguardian.com
  
  Canadian pension funds Borealis and Ontario Teachers sell HS1 in deal thought to value track, stations and lease at £3bnThe Canadian pension funds that own Britain’s HS1 high-speed railway between London and the Channel tunnel have sold to a consortium of UK and foreign investors.Borealis and Ontario Teachers, which paid £2.1bn for the HS1 concession from the UK government when the line was privatised in 2010, have sold the remainder of the 30-year lease in a deal valued at &po
  
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• British companies must have voices heard on Brexit, says MP

  14-07-2017 19:26 via theguardian.com
  
  Rachel Reeves, new chair of the business select committee, has pledged to explore risks involved and hold rogue firms to accountRachel Reeves, the chair of the House of Commons business select committee, says she will use her powerful new role to ensure Britain’s companies can make their voices heard on Brexit.The Labour MP for Leeds West, and former Bank of England economist, beat three of her colleagues, including Liam Byrne, to the job on Wednesday, in an election among MPs from all par
  
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• The new bar from Mars – light on chocolate, light on calories

  14-07-2017 18:55 via theguardian.com
  
  Bittersweet moment as snacks giant offers low-calorie bar with smaller cocoa covering to tap into modern taste for healthy eatingLast century you could tuck into a Mars bar without being weighed down by too much guilt.
  But fast-forward to 2017 and concerns about Britons’ burgeoning waistlines means the first product launch from Mars in 20 years is only half-covered in chocolate.Continue reading...
  
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• Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs

  14-07-2017 17:31 via theguardian.com
  
  Senior figures urge deeper probe amid concerns about Sky broadcasting standards ‘being taken in direction of Fox News’A group of high-profile senior MPs have claimed that Ofcom made a “serious legal error” in its handling of Rupert Murdoch’s bid for Sky and could face a judicial review unless the government orders a full investigation into the threat to broadcasting standards from the deal.Ed Miliband, the former Labour leader, Sir Vince Cable, the Liberal Democrat
  
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• Let’s move to Ballycastle, County Antrim: ‘It’s all Game Of Thrones’

  14-07-2017 17:30 via theguardian.com
  
  Do not double take if you spot armour-clad warriors in the queue at the petrol station. They’re used to warlords and sorcery round hereWhat’s going for it? There are boat trips round here that promise sightings of “the fictional Lordsport harbour on Pyke, the Iron Islands (which is really Ballintoy harbour), where Theon Greyjoy was welcomed home, and the beach where Theon was baptised and where the pirate Salladhor Saan pledged his support for Stannis Baratheon.” Gobblede
  
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• UK – Financial services job vacancies fall 2% - Staffing Industry Analysts

  14-07-2017 14:42
  
  UK – Financial services job vacancies fall 2%
  Staffing Industry Analysts
  Vacancies within UK financial services fell by 2.1% in May compared to the previous year, according to the latest Sector Trends report from APSCo, produced in conjunction with Vacancysoft. The data also showed that during the three months to May 2017 ...
  
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• Finally in Writing: UK and EU Will Have `Financial Settlement' - Bloomberg

  14-07-2017 14:00
  
  Bloomberg
  Finally in Writing: UK and EU Will Have `Financial Settlement'
  Bloomberg
  The U.K. acknowledged for the first time in writing that it will have to pay money to the European Union when it withdraws from the bloc, seeking to damp down a row over the country's so-called Brexit bill. “We will work with the EU to determine a fair ...
  ObligationsSputnik Internationalalle 342 nieuwsartikelen »
  
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• The UK Financial Conduct Authority Bans Use of Certain Restrictive Contractual ... - Lexology (registration)

  14-07-2017 13:46
  The UK Financial Conduct Authority Bans Use of Certain Restrictive Contractual ...
  Lexology (registration)
  The ban extends to foreign branches of UK firms; also where services are provided from a firm's UK establishment. Key Points: • Effective 3 January 2018 firms subject to the ban cannot enter into agreements that contain “future services restrictions ...
  
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• How can the Southern rail fiasco be solved? Look to John Lewis | David Boyle

  14-07-2017 13:20 via theguardian.com
  
  Nationalisation won’t work. Govia needs to be replaced with a new co-operative franchise that balances the needs of passengers and staff• David Boyle is an author
  Hours before the deadline set by the courts in the judicial review case brought by the Association of British Commuters, transport secretary Chris Grayling has made his decision. Govia Thameslink Railway is to be fined £13.4m for failing to keep to a contract worth £8.9bn over seven years, to run Southern, Thames
  
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• Canadian investor pays £200m for UK business park - Financial News (subscription)

  14-07-2017 13:11
  
  Canadian investor pays £200m for UK business park
  Financial News (subscription)
  The Canadian Pension Plan Investment Board, one of the world's largest pension funds, has struck a £200m deal to buy a stake in a UK business park from Hermes Investment Management. CPPIB, which manages $316.7bn on behalf the Canadian Pension ...en meer »
  
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• Thousands sign up to clean sewage because they didn't read the small print

  14-07-2017 12:07 via theguardian.com
  
  Those who fell for the gag clause inserted into wifi terms and conditions committed to more than a month of community service Do you read the terms and conditions? Probably not. No one does. And so, inevitably, 22,000 people have now found themselves legally bound to 1000 hours of community service, including, but not limited to, cleaning toilets at festivals, scraping chewing gum off the streets and “manually relieving sewer blockages”.The (hopefully) joke clause was inserted in the
  
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• ‘It wasn’t what I expected, it’s beautiful’: British-Somali youth explore their roots

  14-07-2017 11:59 via theguardian.com
  
  Somaliland’s population was scattered across the globe by a civil war in the late 1980s. Though it remains unrecognised as a separate nation from Somalia, Somaliland is now a haven of relative peace in the unstable region. During summer the population of its capital swells with diaspora visitors who come from all over the world to spend their summer exploring the land of their family. Words and photographs by Kate Stanworth Continue reading...
  
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• The Tories have failed to fix the roof – and now storms are brewing | Larry Elliott

  14-07-2017 11:33 via theguardian.com
  
  The budget watchdog has warned over the threats debt, recession and Brexit pose to the UK’s financesIt was one of George Osborne’s most effective soundbites. Before, during and after the 2010 general election, the man who served as David Cameron’s chancellor for six years blamed his austerity measures on Labour’s failure to “fix the roof while the sun was shining”.What goes around comes around. The Office for Budget Responsibility was set up by Osborne in 2010
  
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• EasyJet to set up Austrian HQ to operate EU flights after Brexit

  14-07-2017 11:31 via theguardian.com
  
  Airline still faces legal uncertainty about whether it will be able to fly between the UK and EU, and on what termsEasyJet is to open a new European headquarters in Austria to enable it to continue to operate flights within the EU after Brexit.The airline said it intended to establish a new airline, easyJet Europe, which would be headquartered in Vienna.Continue reading...
  
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• Circular economy isn't a magical fix for our environmental woes

  14-07-2017 11:04 via theguardian.com
  
  Solving our ecological crises means diluting the power of global corporations – not propping them upThe circular economy’s June jamboree in Finland, attended by around 1,500 experts and policymakers, showed just how much momentum the concept has gained in recent years.Little wonder. The circular economy model – which aims to use closed-loop production to keep resources in play for as long as possible – is presented as a pragmatic, win-win solution; an almost magical fix f
  
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• Zero-hours workers won’t be reassured by the Taylor review – I’ve been one | Poppy Noor

  14-07-2017 10:00 via theguardian.com
  
  Taylor does not recognise the fact that the gig economy’s ‘flexible’ contracts are 21st-century exploitation, not innovation• Poppy Noor is a freelance journalist writing on class, politics, inequality and educationWhen I first became a zero-hours contract worker, I found myself in no man’s land. A world where “flexibility” meant the right to lose your job if you weren’t available for a shift; a job that you supposedly didn’t have in the first
  
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• Have charities finally regained public trust when it comes to fundraising?

  14-07-2017 09:03 via theguardian.com
  
  Two years on from Olive Cooke’s death, public trust in charities is recovering and donations are steady. Here’s how the sector is rebuilding its reputationFundraising is starting to emerge from the shadow that’s been hanging over it for the past two years. The steps taken by the profession to put its own house in order are paying off and public confidence in the charity sector is returning.The story of Bristol poppy seller Olive Cooke, who killed herself in 2015 after family an
  
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• 'Locals get first dibs': the Manchester flats banning foreign investors

  14-07-2017 08:15 via theguardian.com
  
  Dubbed ‘Manchester homes for Manchester people’, the new Crusader Mill development is bucking the trend for apartments to be sold overseas, and is instead offering them to locals first. So is there an Oasis lyrics test?It has become a depressingly familiar scenario for flat-hunters in any one of Britain’s rapidly developing cities. A new crane appears on the horizon heralding the advent of a brand new apartment block, along with hoardings featuring an artist’s impression
  
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• Want to captivate an audience like Obama? There’s an app for that

  14-07-2017 08:00 via theguardian.com
  
  Orai is powered by artificial intelligence, which gives immediate, personalised feedback on users’ public speaking prowessLike it or loathe it, being an entrepreneur means a lot of talking. Whether it’s chatting at networking events, pitching to investors, selling your product to customers or explaining it to journalists, talking is a big part of what you sign up for. I had a big fear of being judged by the audience [but] as I practised more, I was able to get rid of it Continue read
  
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• Globalisation: the rise and fall of an idea that swept the world

  14-07-2017 06:28 via theguardian.com
  
  It’s not just a populist backlash – many economists who once swore by free trade have changed their minds, too. How had they got it so wrong? By Nikil SavalThe annual January gathering of the World Economic Forum in Davos is usually a placid affair: a place for well-heeled participants to exchange notes on global business opportunities, or powder conditions on the local ski slopes, while cradling champagne and canapes. This January, the ultra-rich and the sparkling wine returned, but
  
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• Retirement age: Half of workers WOULD consider working past state pension age

  14-07-2017 01:01 via feedproxy.google.com
  
  MORE than half of people planning to retire this year would consider, or already are, working past their state pension age, research has found.
  
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• Post-Brexit London is open for business (no matter how grubby)

  14-07-2017 00:57 via theguardian.com
  
  The City watchdog’s rewriting of the premium listing rules to accommodate a potential mega-listing in London of Aramco is deplorableNow we know how the City will be kept open for business after Brexit. If a foreign government, in this case Saudi Arabia’s royal family, doesn’t like the rules in London, the UK is happy to be flexible.For some, the Financial Conduct Authority’s proposed rewrite of the listing rules to woo state-backed companies is a fuss about nothing. Aramc
  
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