Financial news

• Rupert Murdoch ‘could use Sky data trove for political ends’

  15-07-2017 23:00 via theguardian.com
  
  Peers issue warning over media mogul’s bid to buy TV networkOne of the “largest and most sophisticated datasets in the country” – including the TV viewing, internet and phone records of 13 million households – could be misused for political purposes if Rupert Murdoch is allowed to proceed with his plan to buy out Sky, six members of the House of Lords claim in a letter to the Observer.The government’s decision on whether to allow the takeover of the broadcaste
  
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• Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation

  15-07-2017 17:00 via theguardian.com
  
  Its shared language and links with London have made the Irish capital first choice for banks seeking new bases from which to trade in EuropeIn boardrooms across London, bank executives are deciding where to move tens of thousands of jobs in the event of a hard Brexit. Rival European financial centres, including Paris, Frankfurt and Luxembourg, are vying for the business – but Dublin is emerging as the most popular destination.Hundreds of banks, insurers, fund managers and other major City
  
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• British Airways cabin crew strikers prepared for long haul

  15-07-2017 17:00 via theguardian.com
  
  Mixed fleet staff have fought for better pay for six months but, despite plans for further action, the airline won’t settleThe sweep of silver hair, fierce stare and rousing speech by Bolsover MP Dennis Skinner was vintage 1980s strike-era. “I’m as proud of you as I was of the miners,” he told striking British Airways cabin crew demonstrating outside parliament this week.Most were born long after Margaret Thatcher closed down the pits, but the comparison was rapturously w
  
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• ITV closes in on naming easyJet's Carolyn McCall as CEO

  15-07-2017 15:55 via theguardian.com
  
  McCall is understood to be ITV’s preferred choice to take over from Adam Crozier who left the company last monthITV is closing in on naming Carolyn McCall as its new chief executive after it emerged that the man many considered her main rival is out of the race.McCall, who has been chief executive of easyJet for seven years, is understood to be ITV’s preferred choice to take over from Adam Crozier, who left the company at the end of June. Continue reading...
  
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• EasyJet lands Austria base for Brexit flights

  15-07-2017 14:50 via feedproxy.google.com
  
  EASYJET is to create a new airline based in Austria to enable it to continue operating flights within the EU after Brexit.
  
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• Prefab sprout: off-the-peg homes bid to ease UK housing crisis

  15-07-2017 13:14 via theguardian.com
  
  Hundreds of 26 sq m modular homes built to order at factory near Leeds to be rented out at lower cost than flatsharingThe first production run from a vast new factory outside Leeds began this week – with timber delivered at one end, and just a week later a fully furnished one-bed flat popping out the other. Legal & General Homes is promising to build thousands of flats and houses a year at the revolutionary, and highly secretive, factory, and delivered around the country on the back of
  
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• Asos app allows shoppers to snap up fashion

  15-07-2017 13:12 via theguardian.com
  
  Customers upload photo from magazine or social media and retailer finds a selection of similar styles to buy instantly “Ryan Gosling is my favourite actor so I’m going to look like him,” says the Asos chief executive, Nick Beighton. “Here’s a picture of Ryan looking cool so I’d like something to make me look like just like him. There we go, a printed T-shirt, add it to bag and away we go.”Beighton is not waving a magic wand, he’s demonstrating new
  
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• MAPPED: Britain’s house price hot spots where values are growing fastest

  15-07-2017 10:21 via feedproxy.google.com
  
  HOUSE prices jumped by 3.8 per cent over the past 12 months, as regions outside of London beat the capital's growth.
  
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• 'The lipstick effect': Britons treat themselves as budgets tighten

  15-07-2017 10:00 via theguardian.com
  
  Beauty products and womenswear sales both all up on last year as shoppers shun expensive household items due to shrinking disposable incomeWant to know where the economy is heading? Then read my lips. The boss of John Lewis has pointed to a return of “the lipstick effect” – when a rise in sales of beauty products heralds a consumer squeeze.With disposable income under pressure, shoppers are holding off on buying big ticket household items like sofas, beds and washing machines.
  
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• Why you might not be getting what you paid for

  15-07-2017 08:00 via theguardian.com
  
  We assume that we get what it says on the tin, but with cuts to Trading Standards perhaps not …Are you really getting a litre of petrol at station forecourts? The pumps used to be checked once every six months. Now a petrol station is checked only once every two years. Is the weight printed on the side of a tin really what you get on the plate? Is the baggage weighing machine at the airport check-in really giving the right answer before someone demands extra cash from you?You may think so
  
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• Could you spot a bogus Airbnb listing among the genuine ones?

  15-07-2017 08:00 via theguardian.com
  
  A British family lost £4,100 when their Airbnb villa in Sicily, booked for this week, turned out to be fake. We also look at why tenants should beware tooAn internet businessman based in Bath, who lost more than £4,100 to sophisticated Airbnb fraudsters after booking what he thought was a smart holiday villa in Sicily for three weeks.He, his wife and their two children, who have asked not to be named, were supposed to start their holiday this week; instead, the listing turned out to
  
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• Can’t pay or display as parking meters don’t take new £1 coin

  15-07-2017 08:00 via theguardian.com
  
  More than a fifth of local authorities have still not converted all their machines, leaving motorists facing finesOne in five local councils have failed to convert all their parking meters to accept the new £1 coin. With the old £1 coins fast disappearing (and not legal tender from 15 October), some motorists have resorted to desperate measures, such as leaving coins on the dashboard with a note about the meter to avoid being ticketed.A freedom of information request by the AA found
  
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• As car insurance costs rise, the over-65s are urged to switch

  15-07-2017 08:00 via theguardian.com
  
  Older motorists are the worst hit as costs rise by 8% in just three months.We look at the figures and how to saveWith many drivers seeing big increases in the cost of their car insurance, it’s never been more important to shop around, particularly when they get older. A new analysis by consumer organisation Which?, to be published next week, has found that failing to switch to a cheaper insurer once you hit 65 could cost you as much as £500 a year.Its findings coincide with a series
  
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• A weighty issue: is there something fishy about tins of tuna?

  15-07-2017 08:00 via theguardian.com
  
  Are we getting the exact amounts promised by food manufacturers? We look at accusations about John West chunksRoss Jennings is a fan of John West canned tuna. He’s doing the 5:2 diet and eats two or three tins a week, weighing them so he can stick to his regime accurately. And over 18 months, he says he has found a pattern that can’t be just chance.The graphic designer from east London says: “Whenever I use John West tuna chunks, the drained weight is usually around 90g –
  
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• Is it worth switching to LED lights and fittings?

  15-07-2017 07:59 via theguardian.com
  
  I’ve heard the claims but I’m not yet sold. Please convince meEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• JP Morgan chief blasts US dysfunction: 'It's almost an embarrassment being American'

  15-07-2017 02:06 via theguardian.com
  
  Jamie Dimon rails at Washington and laments ‘stupid shit’ in US politics
  Dimon says bad policy is ‘holding back and hurting the average American’JP Morgan just had the most profitable 12 months ever for a US bank – but it wasn’t enough for Jamie Dimon, the bank’s boss.“It’s almost an embarrassment being an American traveling around the world and listening to the stupid shit Americans have to deal with in this country,” Dimon told journa
  
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• Top 1% of households in UK fully recovered from financial crisis - The Guardian

  15-07-2017 01:01
  
  The Guardian
  Top 1% of households in UK fully recovered from financial crisis
  The Guardian
  The contrasting fortunes of rich and poor in the decade since the start of the financial crisis are starkly illustrated by a new report showing the young and those renting homes struggling while the top 1% have now recouped all the ground they lost ...en meer »
  
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• Top 1% of households in UK fully recovered from financial crisis

  15-07-2017 01:01 via theguardian.com
  
  Rest of British population, especially young and those renting homes, still struggling, says Resolution FoundationThe contrasting fortunes of rich and poor in the decade since the start of the financial crisis are starkly illustrated by a new report showing the young and those renting homes struggling while the top 1% have now recouped all the ground they lost during the world’s worst post-second world war slump.New research from the Resolution Foundation showed that households with income
  
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