Financial news

• UK Economy Faces Hidden Challenges - Financial Tribune

  26-07-2017 21:49
  UK Economy Faces Hidden Challenges
  Financial Tribune
  Once Britain recovered from the worst of the crippling damage done by the financial crisis, the economy started to tick along at a reasonable pace. Since June 2016, however, when Britain voted to take itself out of the European Union, volatility and ...en meer »
  
  Read more

• UK film industry on a roll as it helps keep economy growing

  26-07-2017 20:52 via theguardian.com
  ONS highlights role of sector as foreign movie and TV studios are attracted to Britain by government tax breaks and weak poundThe British film production boom, including the Han Solo spin-off from Star Wars and a live action remake of Disney’s Dumbo, is helping boost services industry growth as other sectors flag.“Motion picture activities” – including production activity and income from box office hits such as Wonder Woman, Beauty and the Beast and Guardians of the Galax
  
  Read more

• Is there enough electricity? National Grid reacts to fossil-fuel vehicle ban

  26-07-2017 20:52 via theguardian.com
  Power network raises questions about how UK will meet demand when all new cars and vans sold are electricNational Grid has welcomed the plan to make electric or zero-emission cars and vans account for all new sales from 2040, but said the government and industry now faced big decisions on how the extra power was provided and demand for it was managed.The grid recently warned that, by 2030, electric cars could require 3.5-8GW of additional capacity, on top of the current peak demand of 60GW. Cont
  
  Read more

• Italy’s largest bank HACKED in major security breach as data from 400,000 accounts stolen

  26-07-2017 20:32 via feedproxy.google.com
  ITALY'S top bank UniCredit has been targeted in a huge hacking attack in Europe’s largest banking security breach this year.
  
  Read more

• Advertisement

• Horsemeat scandal: businessman found guilty of fraud

  26-07-2017 19:51 via theguardian.com
  Andronicos Sideras mixed horsemeat with beef at his business in north London as part of conspiracyA London businessman has been found guilty of conspiring to defraud customers by adding horsemeat to batches of beef and relabelling them as pure beef.Related: Horsemeat scandal: timelineContinue reading...
  
  Read more

• UK Financial Watchdogs Expand Senior Manager Rules - Law360 (subscription)

  26-07-2017 19:24
  Reuters UK
  UK Financial Watchdogs Expand Senior Manager Rules
  Law360 (subscription)
  Law360, London (July 26, 2017, 12:14 PM BST) -- British financial regulators set out plans on Wednesday to broaden rules holding senior managers at banks and insurers accountable for misconduct inside their firms to encompass other financial services, ...
  UK to apply banker accountability rules to wider financial sectorReuters UK
  UK's Financial Conduct Authority to Extend Accountability RulesWall Street Jou
  
  Read more

• UK Financial Watchdogs Expand Senior Manager Rules - Law360 - Law360 (subscription)

  26-07-2017 19:24
  UK Financial Watchdogs Expand Senior Manager Rules - Law360
  Law360 (subscription)
  Law360, London (July 26, 2017, 12:14 PM BST) -- British financial regulators set out plans on Wednesday to broaden rules holding senior managers at banks ...en meer »
  
  Read more

• Hammond admits UK consumers hurt by pound's fall as GDP grows by 0.3%

  26-07-2017 18:57 via theguardian.com
  Chancellor acknowledges ‘pain’ of inflation caused by post-referendum depreciation of sterling, after figures reveal scale of slowdownPhilip Hammond has admitted that consumers are suffering from the pound’s sharp post-referendum fall, after what government statisticians have called a “notable slowdown” in growth in the first half of the year.The economy grew by just 0.3% in the second quarter of 2017 following 0.2% expansion in the first three months of the year, O
  
  Read more

• Advertisement

• UK's Financial Conduct Authority to Extend Accountability Rules - Wall Street Journal (subscription)

  26-07-2017 18:32
  Wall Street Journal (subscription)
  UK's Financial Conduct Authority to Extend Accountability Rules
  Wall Street Journal (subscription)
  The U.K.'s financial regulator is set to widen the scope of rules designed to hold senior bosses personally accountable for a firm's misconduct. The Financial Conduct Authority said Wednesday it would extend its rules on accountability to all areas ...en meer »
  
  Read more

• Victory on employment tribunal fees: this is what justice feels like | Jason Moyer-Lee

  26-07-2017 17:41 via theguardian.com
  The Tories’ vicious fees have been a disaster for working people. Today’s supreme court ruling that they are unlawful is a cause for joy• Jason Moyer-Lee is the general secretary of the Independent Workers’ Union of Great BritainJuana and Julio are a Colombian couple who came to Europe in search of a better life. After years of working in factories in Spain they fled the economic crisis there, came to London, and started work as cleaners. For years they did not have writte
  
  Read more

• Mike Ashley wins high court battle over '£15m pub deal'

  26-07-2017 17:34 via theguardian.com
  Investment banker Jeffrey Blue loses claim against Sports Direct and Newcastle United owner over deal allegedly made in pubNewcastle United owner and Sports Direct boss Mike Ashley has won a high court battle over a £15m deal allegedly made in a London pub, calling time on a case that will be long remembered for days of evidence concerning excessive alcohol consumption.The case revolved around investment banker Jeffrey Blue’s allegation that during a “night of heavy drinking&rd
  
  Read more

• Girl charged with plotting UK terror attack with ISIS fighter - Financial Express

  26-07-2017 17:34
  Financial Express
  Girl charged with plotting UK terror attack with ISIS fighter
  Financial Express
  A 17-year-old girl in the UK has been charged with terrorism offences after allegedly communicating with an Islamic State terror group fighter in Syria to plan a terror attack in Britain. By: PTI | London | Published: July 26, 2017 9:34 PM. 0. Shares ...en meer »
  
  Read more

• Carmakers say fossil-fuel vehicle ban will dent industry and stall sales

  26-07-2017 17:15 via theguardian.com
  Society of Motor Manufacturers and Traders calls for more customer incentives to buy electric and criticises outright banBritain’s car industry has warned that the government’s proposed ban on sales of new petrol and diesel cars by 2040 risks damaging the industry and stalling sales of new cars.Mike Hawes, chief of executive of the Society of Motor Manufacturers and Traders trade body, said that carmakers were working with ministers on the switch to electric cars but called for the g
  
  Read more

• How much do YOU pay in tax? Hardworking British families hit with £24k tax bill last year

  26-07-2017 16:51 via feedproxy.google.com
  BRITISH families have had their spending power eroded by tens of thousands of pounds in tax every year with the average household paying £24,000.
  
  Read more

• Capita criticised over unpaid graduate training scheme

  26-07-2017 16:47 via theguardian.com
  Novus programme asks applicants to take up to four months’ unpaid training with no job guaranteed at the end of it Capita, one of the UK’s largest outsourcing companies, has come under fire for a graduate scheme that involves up to four months of unpaid training.The company, which provides services ranging from electronic tagging of offenders to store card services for retailers and BBC licence fee collection, has advertised a number of roles in its IT resourcing division that stipul
  
  Read more

• THIS is how much savers are taking from pensions: How do YOU compare?

  26-07-2017 16:42 via feedproxy.google.com
  SAVERS have pulled more than £12billion out of pensions since reforms were introduced in April 2015, data has revealed.
  
  Read more

• Domino's Pizza eyes up more UK stores amid 10.5 per cent higher half-year sales

  26-07-2017 16:27 via feedproxy.google.com
  DOMINO’S Pizza is hungry for more store openings this year after delivering 10.5 per cent higher half-year sales of £546.5 million.
  
  Read more

• Six UK student buildings fail cladding fire safety tests - Financial Express

  26-07-2017 16:05
  Financial Express
  Six UK student buildings fail cladding fire safety tests
  Financial Express
  Cladding from six British student accommodations operated by Unite Group Plc have failed fire tests prompted by London's deadly Grenfell Tower fire last month. By: Reuters | Published: July 26, 2017 8:05 PM. 23. Shares. Facebook · Twitter · Google Plus ...en meer »
  
  Read more

• EU holds ALL the cards over Brexit bill as UK heading for disaster, German bank claims

  26-07-2017 15:00 via feedproxy.google.com
  THE European Union holds all the power in Brexit negotiations as Britain is heading for financial and democratic disaster, according to one of Germany’s biggest banks.
  
  Read more

• ITV sees drop in half-year sales and profits amid advertising dip

  26-07-2017 14:38 via feedproxy.google.com
  BROADCASTING giant ITV has reported a fall in half-year sales and profits as advertising revenue continues to dip.
  
  Read more

• Boots ends 130 years of manufacturing as it sells off factories

  26-07-2017 14:24 via theguardian.com
  Concern over 1,100 jobs at historic Nottinghamshire site after French firm Fareva signs deal with Walgreens Boots AllianceUnions have raised concerns about the future of more than 1,000 UK manufacturing jobs after the owner of Boots sold its manufacturing business to France-based specialist Fareva, including the Nottingham factory that it opened in the 1930s.Walgreens Boots Alliance said Fareva had signed a 10-year deal to supply it with products from its own ranges, including No7, Liz Earle and
  
  Read more

• Pound v US dollar: Sterling flatlines against USD as GDP inches up

  26-07-2017 14:20 via feedproxy.google.com
  UK SECOND-quarter GDP figures have shown the narrowest of rebounds from the slowdown in growth witnessed during the first quarter, keeping the GBP/USD exchange rate on lacklustre form.
  
  Read more

• Ministers vow to end employment tribunal fees after court defeat

  26-07-2017 13:35 via theguardian.com
  Supreme court rules fees of up to £1,200 are ‘inconsistent with access to justice’ and government may have to pay back £27m The government has been forced into a humiliating overhaul of employment tribunal fees after the supreme court ruled they were inconsistent with access to justice.The highest UK court came down in favour of the trade union Unison, which argued that fees of up to £1,200 were preventing workers – especially those on lower incomes – fr
  
  Read more

• The Morning Risk Report: New UK Law Prods Greater Financial Intel Sharing - Wall Street Journal (subscription) (blog)

  26-07-2017 13:20
  The Morning Risk Report: New UK Law Prods Greater Financial Intel Sharing
  Wall Street Journal (subscription) (blog)
  Provisions in the U.K.'s Criminal Finances Act of 2017 allowing for greater information sharing by financial institutions are unlikely to spur a flurry of joint reports of suspected money laundering activity, as the new procedures are more burdensome ...
  
  Read more

• UK to apply banker accountability rules to wider financial sector - Reuters UK

  26-07-2017 13:04
  Reuters UK
  UK to apply banker accountability rules to wider financial sector
  Reuters UK
  LONDON (Reuters) - Britain's markets watchdog has proposed rolling out banker accountability rules to thousands of staff in other parts of the financial sector a decade after taxpayer bailouts and market rigging scandals saw only a few individuals ...en meer »
  
  Read more

• UK to apply banker accountability rules to wider financial sector - Reuters

  26-07-2017 13:03
  Reuters
  UK to apply banker accountability rules to wider financial sector
  Reuters
  LONDON (Reuters) - Britain's markets watchdog has proposed rolling out banker accountability rules to thousands of staff in other parts of the financial sector a decade after taxpayer bailouts and market rigging scandals saw only a few individuals ...en meer »
  
  Read more

• Sister Nivedita's UK home to be honoured with special plaque - The ... - Financial Express

  26-07-2017 12:27
  Financial Express
  Sister Nivedita's UK home to be honoured with special plaque - The ...
  Financial Express
  Sister Nivedita's family home in London, where she lived before moving to India in 1898 to set up a girls' school and help the poor, is to be commemorated with a ...en meer »
  
  Read more

• Maintaining the momentum for the SDGs: how can we transform societies for good?

  26-07-2017 11:54 via theguardian.com
  The Guardian’s annual side event to the UN general assembly is back in September to track the progress of the sustainable development goals (SDGs) The global goals looked challenging enough in 2015. Two years later, amid political earthquakes, tightening budgets and manmade disasters, there is a wide agreement that achieving the sustainable development goals (SDGs) will require nothing less than a transformative approach. Related: A 'paradigm shift' is needed from governments to fight pove
  
  Read more

• Mortgage borrowing up 6% but approvals slip: UK Finance - Financial Reporter

  26-07-2017 11:17
  Financial Reporter
  Mortgage borrowing up 6% but approvals slip: UK Finance
  Financial Reporter
  June's gross and net mortgage borrowing levels are both higher than a year ago, according to the latest High Street Banking figures from new trade body UK Finance. Gross mortgage borrowing of £13.0bn in June was much in line with recent months but 6% ...en meer »
  
  Read more

• ITV clings to Love Island and Victoria as ad slump hits profits

  26-07-2017 11:12 via theguardian.com
  Broadcaster says advertisers cut spending due to ‘economic and political uncertainty’ as pre-tax profits slide by 16% in first halfITV is banking on hits including Love Island and returning drama Victoria to attract viewers as it faces the worst year for UK TV advertising in almost a decade.The broadcaster said TV advertising slumped 8% to £769m in the first half of the year – the worst fall since the final quarter of 2008 – and blamed marketers for holding back bud
  
  Read more

• Union wins landmark case against fees for unfair dismissal claims

  26-07-2017 11:11 via theguardian.com
  Supreme court rules fees of up £1,200 are ‘inconsistent with access to justice’ and government may have to pay back £27mA trade union has won a landmark case to quash fees for those bringing unfair dismissal claims at employment tribunals.The supreme court ruled in favour of Unison, which launched a legal battle against the imposition of fees of up to £1,200, which it said were preventing workers, especially those on lower incomes, from getting justice. The union sa
  
  Read more

• UK's Boris Johnson welcomes Australian tech entrepreneurs - Financial Post

  26-07-2017 11:00
  Financial Post
  UK's Boris Johnson welcomes Australian tech entrepreneurs
  Financial Post
  British Foreign Secretary Boris Johnson tours construction work underway at the Sydney Opera House, in Sydney, Wednesday, July 26, 2017. Johnson is in Sydney to attend AUKMIN, the annual meeting of the countries' foreign and defense ministers.en meer »
  
  Read more

• Britain's economy growth RISES amid Brexit to hit 0.3% in Q2

  26-07-2017 10:13 via feedproxy.google.com
  BRITAIN'S economy grew by 0.3 per cent in the second quarter of 2017, as doom-monger forecasts of a Brexit downturn were again shrugged off, official figures revealed.
  
  Read more

• POUND LIVE: Sterling rises as UK economy grows by 0.3 per cent between April and June

  26-07-2017 09:25 via feedproxy.google.com
  THE pound lifted against the euro as it was confirmed that the UK's economy growth picked up in the second quarter of 2017.
  
  Read more

• Virtual reality hit when I tried to cash in my bitcoins

  26-07-2017 08:00 via theguardian.com
  I sold them via LocalBitcoins, but HSBC kept blocking my accountWhen my girlfriend became pregnant I decided to sell my bitcoins to decorate a nursery. I auctioned them via localbitcoins. You put your coins into an escrow account, wait for an offer and, when the buyer has paid by Bacs, you release the coins. The buyers are verified by email, telephone and an official ID. After a couple of days I had an offer. The buyer transferred the funds into my HSBC bank account; I released the coins. The sa
  
  Read more

• Life on the (cliff) edge – in pictures

  26-07-2017 08:00 via theguardian.com
  Properties with vertiginous vistas to make your palms sweat, from Wales to Greece Continue reading...
  
  Read more

• Free, healthy and a boost to creativity: companies must get staff walking

  26-07-2017 08:00 via theguardian.com
  Samsung, Google and Saga have millions of employees sitting at desks, but realise the value of getting them up and walking on a daily basisFriedrich Nietzsche once declared that “All truly great thoughts are conceived while walking.” This is backed up by studies by Stanford University which have shown that a person’s creative output increases by an average of 60% when walking.Yet while employers have become increasingly cycle friendly over the years – providing cycle park
  
  Read more

• Exxon, Shell and other carbon producers sued for sea level rises in California

  26-07-2017 08:00 via theguardian.com
  As a trio of lawsuits claim compensation for sea rises resulting from fossil fuel emissions, campaigners say carbon majors must change their business modelsThree Californian communities have launched legal action against some of the world’s biggest oil, gas and coal companies, seeking compensation for the current and future costs of adapting to sea level rises linked to climate change. San Mateo and Marin Counties, coastal communities in northern California, and Imperial Beach, a city in S
  
  Read more

• Are you a maverick or a charmer? Mastering the art of self-promotion

  26-07-2017 08:00 via theguardian.com
  Many creative types struggle to promote themselves. Learning what type of person you are can help make your pitches more effectiveAfter 35 years as a print journalist, I have been on the receiving end of countless pitches from public relations professionals across a range of sectors. But when I started running my own business in 2014, I found it hard to promote myself. I joined a community of solo entrepreneurs and discovered many of them were just like me – creative types who had launched
  
  Read more

• Leasehold in England and Wales is last redoubt of a colonial relic

  26-07-2017 07:00 via theguardian.com
  Property system was spread throughout British empire but has since been almost completely scrapped in the former colonies The British empire spread leasehold to every corner of the globe – but now England and Wales remain the last redoubt of a system regarded as a feudal relic everywhere else.In Ireland, much-hated ground rents extracted by the Anglo-Irish aristocracy, and dating back to the Cromwellian era, were partly behind the rise of the Land League in the late 19th century, and the c
  
  Read more

• Ground rents: aristocrats and shell firms among those making millions

  26-07-2017 07:00 via theguardian.com
  Shadowy world of freehold speculators includes landowners with links to David Cameron and companies paying no taxAristocratic landowners with connections to the family of former prime minister David Cameron, mysterious Dublin-based shell companies that pay no tax, and groups based in the Channel Islands are among the freehold owners that appear to have made millions from spiralling ground rents.When Guardian Money attempted to trace the ultimate ownership of the five-bed detached home bought by
  
  Read more

• Goals Soccer Centres teams up with Manchester City's owner for US expansion

  26-07-2017 01:00 via feedproxy.google.com
  GOALS Soccer Centres is kicking on with its expansion in North America after teaming up with Manchester City's owner.
  
  Read more

Follow @financialnwsUK on Twitter!