Financial news

• Price cap still possible, government warns energy companies

  01-08-2017 21:19 via theguardian.com
  Ofgem told to act fast to safeguard poorer households after British Gas announces 12.5% electricity price riseThe government has warned energy companies it is still prepared to legislate for an energy price cap, after British Gas announced a 12.5% electricity price rise for more than 3m households.The increase would add £76 to a typical annual electricity bill, and some experts warned that it could kick start a new round of price rises from the so-called Big Six energy companies.Continue r
  
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• Angry at British Gas price hike? Save your fury for the government

  01-08-2017 21:12 via theguardian.com
  News that electricity bills will increase by 12.5% is no surprise – likewise the complete lack of action by ministers in responseAre you outraged that British Gas is hiking the price of its electricity by 12.5%? Maybe you are, but nobody who follows the energy market can claim to be surprised by it. Parent company Centrica signalled its move months ago and delayed implementation only because of the approach of the general election in May.Centrica was never going to allow its main dual fuel
  
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• How to listen to Apple's Q3 2017 financial results - Macworld UK

  01-08-2017 18:41
  Macworld UK
  How to listen to Apple's Q3 2017 financial results
  Macworld UK
  Apple's financial results are announced tonight! Find out how many iPhones, iPads & Macs Apple sold in Q3 2017, and what the numbers mean. by Karen Haslam | 6 hours ago. Contents. > Q2 2017 financial results; > Q4 2015 financial results; > Q1 2017 ...en meer »
  
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• These blue-chips could help you to achieve financial independence ... - AOL UK

  01-08-2017 17:31
  AOL UK
  These blue-chips could help you to achieve financial independence ...
  AOL UK
  Finding companies with impressive growth outlooks is not particularly difficult at the present time. After all, the prospects for the global economy are relatively ...en meer »
  
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• How to plug an awkward gap in your CV – and other career advice for the Mooch

  01-08-2017 17:22 via theguardian.com
  Anthony Scaramucci may have served his president for just 10 days, but Trump’s former communications director will find his career path is not as easy as it wasSo, you’ve just been sacked from your job working for a major president of a big North American country? Tough one. You thought you would be spending the next few years squeezing the windpipes of hacks at venerable liberal institutions. Instead, you have been plunged back into the world of CV covering letters, Myers-Briggs tes
  
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• House prices stabilise as number of homes on the market falls

  01-08-2017 14:13 via theguardian.com
  Property values rise slightly for the second month in a row even as transactions and mortgage approvals declineA shortage of homes for sale has kept house prices rising despite falling consumer incomes and political uncertainty, according to Nationwide.
  The building society said the price of the average house went up by 0.3% in July to hit a new peak of £211,671. But the annualised growth figure dropped from 3.1% to 2.9%.Continue reading...
  
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• Eurozone economy grows twice as fast as UK's, figures show

  01-08-2017 14:07 via theguardian.com
  Eurozone steals a march on Britain after Brexit vote, with faster GDP growth and falling unemployment rates
  The eurozone economy has grown twice as fast as the UK in recent months, according to official figures that underscore the divergence between Britain and its neighbouring currency bloc after the Brexit vote.GDP in the 19 countries that use the euro expanded 0.6% in the second quarter of 2017, building on growth of 0.5% in the first quarter, according the EU statistics body Eurostat (pdf).C
  
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• Eurozone grows twice as fast as UK after GDP rises by 0.6% - business live

  01-08-2017 13:59 via theguardian.com
  Euro area’s recovery continues as GDP accelerates and factory output remains strongLatest: Eurozone grew by 0.6% in the last quarterAnalysts: Europe looks surprisingly strongUK only grew by 0.3%, slower than France and SpainEarlier:Eurozone factories keep growingUK factories boosted by exportsChinese factory growth hits four-month high
  British Gas hikes prices 12.59pm BSTRobert Ward of the Economist Intelligence Unit says Europe’s brisk growth is overshadowing Britain right now....#E
  
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• Amazon outbids Sky to win exclusive ATP tour tennis rights

  01-08-2017 13:26 via theguardian.com
  Amazon Prime streaming service will now show nearly all elite men’s tennis events except the four grand slamsTennis fans wanting to watch Andy Murray and Roger Federer on a regular basis through the season will have to pick up an Amazon subscription, after the US digital giant nabbed the UK rights to the ATP World Tour from Sky.The deal will make Amazon Prime Video the home for practically all top-flight men’s tennis other than the four grand slam tournaments – including the en
  
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• Nissan attacked for one of 'nastiest anti-union campaigns' in modern US history

  01-08-2017 13:00 via theguardian.com
  United Auto Workers official condemns company’s efforts to prevent employees from organizing as potentially historic vote approaches in MississippiDays before a potentially historic union vote at the Nissan plant in Canton, Mississippi, the car company has been accused of running one of the “nastiest anti-union campaigns in the modern history of the American labour movement”.
  The vote, planned for Thursday and Friday this week, comes as US unions are hopeful they can overturn a
  
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• How 2007's financial crisis 'transformed' the UK housing market ... - Business Insider

  01-08-2017 12:15
  Business Insider
  How 2007's financial crisis 'transformed' the UK housing market ...
  Business Insider
  LONDON — The UK property market fell fast and far when a global financial crisis erupted in 2007, rippling out from a subprime US mortgage market which was ...en meer »
  
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• British Gas raises electricity prices by 12.5%

  01-08-2017 12:11 via theguardian.com
  Experts fear rise will prompt another round of increases after Centrica sanctions average annual dual fuel bill rise of 7.3% to £1,120British Gas has raised electricity prices by 12.5% in a move consumer experts warned could kick off a new round of price rises from rival suppliers this winter.The company, owned by Centrica, left its gas prices unchanged, which means the average annual dual fuel bill will rise by 7.3%, or £76, to £1,120. The increase, which takes effect on 15 Se
  
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• 10 YEARS ON: How the global financial crisis transformed the UK housing ... - Business Insider

  01-08-2017 11:49
  Business Insider
  10 YEARS ON: How the global financial crisis transformed the UK housing ...
  Business Insider
  LONDON — The UK property market fell fast and far when a global financial crisis erupted in 2007, rippling out from a subprime US mortgage market which was stuffed full of risky loans. The average UK house lost 20% of its value in the 16 months to ...en meer »
  
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• Serious Fraud Office opens formal investigation into BAT bribery claims

  01-08-2017 11:34 via theguardian.com
  Tobacco giant says it is cooperating with UK authorities over allegations of ‘misconduct’ The UK’s Serious Fraud Office has started a formal investigation into British American Tobacco over corruption allegations in Africa.The SFO said it was “investigating suspicions of corruption in the conduct of business by BAT, its subsidiaries and associated persons”. Continue reading...
  
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• Passengers facing four-hour security queues at some European airports

  01-08-2017 10:32 via theguardian.com
  Holiday destinations such as Madrid, Lisbon and Mallorca affected amid shortage of border staff and heightened checksThousands of flights are being delayed due to understaffed border controls in some of the most popular destinations for British holidaymakers, Europe’s largest airline association has warned. Related: Have you experienced delays on arrival at European airports?Continue reading...
  
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• ‘Countries can go backwards’: Elif Shafak and Margaret Hodge at the Guardian women seminar

  01-08-2017 09:00 via theguardian.com
  Turkish novelist Elif Shafak and UK politician Margaret Hodge talk about the state of modern feminism at the Guardian women seminarSubscribe and review: iTunes, Soundcloud, Audioboom, Mixcloud, Acast & Stitcher and join the discussion on Facebook and Twitter Continue reading...
  
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• Out with the old school? The rise of ed tech in the classroom

  01-08-2017 08:00 via theguardian.com
  Startups are creating toys that teach robotics, games that help kids code and apps for teachers in an industry forecast to be worth £129bn by 2020There was a time classrooms were a bastion of tradition, dominated by blackboards, chalk and textbooks. But the rapid evolution of technology means there’s a need to advance how education is delivered to young people. Schools now spend £900m on education technology every year, and it is estimated the global market will be worth £
  
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• Dyson does well – but beware those taking its name in vain

  01-08-2017 08:00 via theguardian.com
  It offers great customer service, but there are those trying to fraudulently trade off itReader MK from London wrote in praise of Dyson: “When we renovated our house last spring we were given a Dyson V6 vacuum cleaner as a housewarming gift. About two months ago it stopped charging.“In the chaos that surrounds a renovation we had lost the receipt which we were given with the gift. We were going to find an engineer but a friend suggested we call Dyson directly. We did. They
  
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• Nicky Morgan requests assessment of City's readiness for hard Brexit

  01-08-2017 01:01 via theguardian.com
  New Treasury select committee chair makes request to Bank of England and also asks its view on format of a transition dealThe Conservative MP Nicky Morgan has asked the Bank of England to provide comprehensive details of the City’s readiness for a hard Brexit, in an early indication of the agenda she hopes to pursue as head of one of parliament’s most influential committees.The newly elected chair of the Treasury select committee also called on the Bank to provide its views on what a
  
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