Financial news

• ESMA Chides UK Watchdog Over Financial Data Scrutiny - Law360 (subscription)

  18-07-2017 23:01
  
  ESMA Chides UK Watchdog Over Financial Data Scrutiny
  Law360 (subscription)
  Law360, New York (July 18, 2017, 5:01 PM EDT) -- Britain's financial reporting watchdog was criticized Tuesday by the European Securities and Markets Authority for failing to enforce European Union rules governing the supervision of financial ...
  
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• Delivery drivers hold protest calling for safer work conditions – video

  18-07-2017 20:52 via theguardian.com
  Delivery drivers hold a protest in London on Tuesday after one of their number was attacked with acid and had his moped stolen in the city last week. The drivers say their working conditions are becoming increasingly unsafe and many are refusing to work after 8pm. The protest brought traffic to a standstill as participants marched around Parliament SquareAcid attacks: delivery drivers stage protest outside parliamentContinue reading...
  
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• Russell Group urges rethink on student loan interest rate

  18-07-2017 19:40 via theguardian.com
  
  Body representing UK’s elite universities says new 6.1% rate is ‘very high’ and out of touch with commercial lendingThe Russell Group, which represents the UK’s most prestigious universities, has joined calls to make funding fairer for students, urging the government to look again at the 6.1% interest rate on loans due to come into force this September.Dr Tim Bradshaw, the Russell Group’s acting director, described the rate as “very high” and “out
  
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• Eurozone on the ROCKS: Inflation PLUNGES further as ECB scrambles to save EU economy

  18-07-2017 17:10 via feedproxy.google.com
  
  EUROZONE inflation remains below target in an embarrassing development for the European Central Bank which has pulled out all of the stops to kick the EU's economy into action.
  
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• Lack of sick pay leaves UK workers on financial cliff-edge - SmallBusiness.co.uk

  18-07-2017 17:01
  
  SmallBusiness.co.uk
  Lack of sick pay leaves UK workers on financial cliff-edge
  SmallBusiness.co.uk
  UK employees are facing a financial cliff edge if ill health strikes – with 37 per cent unable to pay bills in the event of illness. COMMENT. Lack of sick pay leaves UK workers on financial cliff-edge. Owen Gough. A new report reveals UK employees are ...
  
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• ‘We have not been impressed so far’: do obnoxious job ads ever work?

  18-07-2017 16:59 via theguardian.com
  
  Injecting humour, personality or criticisms into a job ad can be a risky business – as one south London theatre recently discoveredPity the London theatre struggling to recruit an office administrator in exchange for a full-time salary of as little as £15,000. Sadly, it’s not clear if anyone might still seize the opportunity to earn below the London living wage, after an unusually worded job ad, posted by the Tea House theatre in south London, disappeared from the internet
  
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• Is Germany heading for stock market disaster? German carmakers at risk of export meltdown

  18-07-2017 16:40 via feedproxy.google.com
  
  GERMANY'S biggest carmakers are at risk of an export-related meltdown that could trigger a huge stock sell-off in the Eurozone's largest economy, an expert has warned.
  
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• Jane Austen banknote unveiled – with strange choice of quotation

  18-07-2017 15:40 via theguardian.com
  Bank of England launches new £10 note featuring a line about reading – said by a character who doesn’t care for booksThe new £10 note featuring Jane Austen has been unveiled on the 200th anniversary of the author’s death, complete with a quote about reading – said by one of her characters who has no interest in books. Related: Jane Austen's facts and figures – in chartsContinue reading...
  
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• REVEALED: The surprise area in Britain seeing bumper house price rises of 7.5%

  18-07-2017 15:37 via feedproxy.google.com
  
  HOUSE prices have shrugged off gloomy Brexit forecasts, as some parts of Britain outside of the South East reap large growth, official data revealed today.
  
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• UK house prices rise nearly 5% despite political turmoil

  18-07-2017 15:05 via theguardian.com
  
  Average UK property price rose 4.7% last year adding about £3,300 to the cost of buying a typical home but London growth slows markedlyGrowth in UK house prices has slowed but remains close to 5%, with faster growth seen outside London, according to official data.House prices across the country increased 4.7% in the year to May, hitting an average of £220,713, the Office for National Statistics (ONS) said. The annual rate fell from 5.3% in April. Between April and May, prices were up
  
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• UK financial watchdog links HBOS investigations - Nasdaq

  18-07-2017 15:05
  
  Nasdaq
  UK financial watchdog links HBOS investigations
  Nasdaq
  (Adds detail, quotes from FCA chief) LONDON, July 18 (Reuters) - Britain's markets watchdog will link the intelligence it has gathered from two investigations into alleged misconduct at Lloyds Banking Group's <LLOY.L> HBOS division in an effort to ...
  Financial watchdog expects firms to make Brexit moves after year-endLondon South East (registration) (blog)alle 32 nieuwsartikelen »
  
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• Jack Wills returns to the black after reducing promotions and selling more at full price

  18-07-2017 14:30 via feedproxy.google.com
  
  REDUCING promotions and selling more clothes at full price helped Jack Wills return to the black last year.
  
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• Lower fuel prices slow pace of UK inflation

  18-07-2017 13:56 via theguardian.com
  
  CPI drop to 2.6% provides some relief for cash-strapped consumers, but concern grows over living standards squeezeInflation fell unexpectedly in June for the first time in nine months as lower fuel prices provided some respite for cash-strapped consumers.The consumer prices index fell to 2.6% from a four-year high of 2.9% in May according to the Office for National Statistics. Economists had expected the rate to be unchanged. Continue reading...
  
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• Carillion: Construction group begins rebuilding after winning more contracts

  18-07-2017 13:07 via feedproxy.google.com
  
  CREAKING construction group Carillion began rebuilding after its consortium won a share of £6.6billion in contracts to build the high-speed rail line between London and Birmingham, yesterday.
  
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• UK financial watchdog combines HBOS investigations - Reuters

  18-07-2017 13:04
  
  Reuters
  UK financial watchdog combines HBOS investigations
  Reuters
  LONDON, July 18 (Reuters) - Britain's markets watchdog has combined two investigations into alleged misconduct at Lloyds Banking Group's HBOS subsidiary, aiming to deal with "challenging legacy" issues from the financial crisis. Andrew Bailey, chief ...
  
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• Let buyers borrow more on greener homes, urges report

  18-07-2017 12:59 via theguardian.com
  
  Making energy ratings a factor in mortgage offers could let people borrow up to £11,500 more, says Lenders groupHomebuyers could take out bigger mortgages if the energy ratings of properties were factored into the lending criteria of banks and building societies, government-funded research has found.Although estate agents are legally bound to display energy performance certificates (EPCs) in property listings, few buying decisions hinge on energy bill costs and the efficiency of a home is
  
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• Pound v Australian dollar: GBP drops against AUD on RBA minutes and inflation data

  18-07-2017 12:51 via feedproxy.google.com
  
  THE pound has tumbled against the Australian dollar today, with the GBP/AUD pairing falling to its lowest exchange rate since April 2017.
  
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• Fort Clarence in Kent – in pictures

  18-07-2017 12:33 via theguardian.com
  
  If only these fortified walls could talk – they’ve seen an awful lot of historyContinue reading...
  
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• Translating for the enemy: Tempting financial services out of post-Brexit UK - The New European

  18-07-2017 11:43
  
  The New European
  Translating for the enemy: Tempting financial services out of post-Brexit UK
  The New European
  For some in Europe Brexit offers an opportunity to prize business away from London and the UK. Share article from on facebook. Tweet article from. Share article from on Google Plus. post article from on reddit · email article from. Share. Email this ...
  
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• UK stocks fall as pound rises and dollar slides - Financial News (subscription)

  18-07-2017 11:00
  
  UK stocks fall as pound rises and dollar slides
  Financial News (subscription)
  UK stocks fell Tuesday, as renewed doubts over President Donald Trump's ability to push through his agenda prompted a slide in the dollar and a corresponding jump in the British pound, MarketWatch reports. The FTSE 100 index declined 0.5% to 7,369.83, ...en meer »
  
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• Squeeze on families eases as falling petrol prices push cost of living back

  18-07-2017 10:57 via feedproxy.google.com
  
  THE cost of living in Britain fell from three-year highs amid tumbling petrol prices, official data showed today.
  
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• Cost of UK car insurance leaps 11% to record high

  18-07-2017 10:39 via theguardian.com
  
  Changes to compensation rules and rise in insurance premium tax blamed, as drivers pay £484 on average for annual policyThe cost of car insurance has soared by 11%, nearly four times the rate of inflation, over the past year, taking the cost of motor cover to a record high.UK drivers are paying an average £484 for an annual insurance policy, up£48 in the last 12 months, according to the Association of British Insurers. It laid much of the blame on changes to compensation rules
  
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• POUND LIVE: The pound hits 10-month high before falling as inflation misses expectations

  18-07-2017 09:42 via feedproxy.google.com
  
  THE pound jumped to a 10-month high against the dollar on Tuesday, before falling back after inflation came in below expectations.
  
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• Power struggle as British Gas bills huge amounts for wrong meter

  18-07-2017 08:00 via theguardian.com
  
  It’s been 13 months and no one seems to be able to resolve the problemFor more than a year British Gas has been charging me huge sums for a neighbour’s electricity. It began with a bill for £1,500, which I discovered was based on a reading of a meter belonging to a flat above mine. This meter and mine are side by side in an outside cupboard.Next, British Gas increased my direct debit payments from £31 a month to £227 and, because I was away, two of the new payments
  
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• Peak car? Driverless technology may actually accelerate car ownership

  18-07-2017 08:00 via theguardian.com
  Without careful planning, autonomous vehicles could create more problems for our transport system than they solve
  The innovation race between car companies and tech giants like Google and Uber has seen expectations for driverless technology soar.Proponents claim autonomous vehicles (AVs) can solve the problems we currently experience on the road: traffic will be safer, less congested and cleaner, there will be more car and ride-sharing, reduced labour costs in freight transport, and greater mobi
  
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• Anyone home? Meet the couple revolutionising the humble doorbell

  18-07-2017 08:00 via theguardian.com
  John Nussey and wife, Avril O’Neill, were inspired to create smart doorbell Ding after working on prototypes for other entrepreneurs There are few things more infuriating than arriving home to a “Sorry we missed you”card after waiting hours for a delivery. A report last year from IMRG estimated that failed deliveries are costing retailers up to £780m, not to mention the frustration and inconvenience for customers who happen to be in the shower or out when the doorbell rin
  
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• Bargain Booze and Wine Rack owner toasts jump in pre-tax profit

  18-07-2017 01:00 via feedproxy.google.com
  
  BARGAIN Booze and Wine Rack owner Conviviality hailed a "transformational year" as it toasted a 147 per cent jump in pre-tax profit to £22.5 million following an acquisition spree.
  
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