Financial news

• Hard Brexit is not the real danger facing the City, warns finance chief

  07-08-2017 22:43 via feedproxy.google.com
  A HARD Brexit is not the biggest danger facing the City of London, a financial chief has warned.
  
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• Bitcoin: What is the difference between bitcoin and bitcoin cash?

  07-08-2017 22:18 via feedproxy.google.com
  BITCOIN is dominating the cryptocurrency markets after the monumental bitcoin cash forked away from it this week. But what is the difference between the two currencies?
  
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• Payment in gold bullion banned under new law to combat tax evasion

  07-08-2017 21:27
  Panel set up by former chancellor George Osborne issues first ruling to fight ‘artificial and abusive’ avoidance schemesCompanies will no longer be able to pay employees their salaries in gold bullion in the first use of a new law designed to combat “morally repugnant” tax avoidance schemes.An expert tax avoidance panel has ruled that paying employees in gold is a “contrived” tax avoidance scheme designed to “frustrate the intent of parliament” in
  
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• Bitcoin boom: Price smashes new records as investors snap up currency in buying binge

  07-08-2017 20:10 via feedproxy.google.com
  A SURGE in investors snapping up bitcoins has seen the market boom with a buying binge in full swing.
  
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• British cycling brand Rapha sold to Walmart heirs for £200m

  07-08-2017 20:05
  Founder Simon Mottram to remain chief executive after private equity firm RZC wins race for upmarket sportswear labelBritish upmarket cycling brand Rapha has been sold to two heirs of the Walmart dynasty for £200m.Rapha, founded by branding consultant and lifelong cyclist Simon Mottram in 2004, announced on Monday that it had been sold to RZC Investments, a private equity firm run by Steuart and Tom Walton. They are grandchildren of Sam Walton, founder of Walmart.Continue reading...
  
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• House price slowdown is excellent news – even if estate agents disagree | Nils Pratley

  07-08-2017 20:03
  Rises have hit a four-year low in the UK – soaring prices were unsustainable given how slowly wages are increasingTake your pick. House prices in the UK are rising at their slowest annual rate for four years, according to the Halifax’s index. Alternatively, June’s increase was the strongest monthly increase this year.As ever with house prices, it’s best to prefer the longer perspective. On this occasion, that means ignoring the June’s very modest month-on-month pick
  
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• Eggs contaminated with insecticide may have entered UK, EU warns

  07-08-2017 19:27 via theguardian.com
  UK food safety inspectors trying to trace 21,000 eggs imported from affected Dutch farms but experts say that may be difficult Eggs contaminated with a toxic insecticide harmful to humans may have reached shops in the UK.British food safety authorities were alerted over the weekend that eggs imported from Germany could be dangerous, the European commission said in Brussels on Monday. Officials in France, Sweden and Switzerland have also been informed of a risk to consumers. Continue reading...
  
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• Bitcoin LIVE news: Price latest as Bitcoin leaps $600 in three days - hits record high

  07-08-2017 18:55 via feedproxy.google.com
  BITCOIN has hit a record high thanks to a boost in confidence after an end to uncertainty around the fork last week. Here is the latest Bitcoin price, live updates and breaking news.
  
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• Britons shunning two-week holidays in favour of short breaks

  07-08-2017 18:50
  ONS figures show UK residents are going on more but shorter holidays – with booze cruises becoming much less popularBritons have ditched the traditional two-week holiday in favour of shorter breaks as no-frills airlines have taken off over the last 20 years, according to official figures that also confirm the demise of the booze cruise. Related: Will a holiday make me happy – and if it does, how long will it last?Continue reading...
  
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• Breakthrough in leasehold scandal as Countryside buys back freeholds

  07-08-2017 17:58
  Property developer to take freeholds back from E&J Estates and release homeowners from clauses that double ground rent every 10 yearsHopes of a breakthrough for householders trapped in the leasehold scandal are rising after a major developer agreed to buy back some freeholds and axe ground rent clauses.Countryside Properties, which sold some of the freeholds on its houses to the ground rent company E&J Estates, has agreed to buy a number of them back with a view to releasing homeowners f
  
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• Air passengers wary of pilotless planes – even if they lead to lower fares

  07-08-2017 17:17
  UBS survey finds more than half of people would refuse to travel in a fully automated aircraft, but says this may change over timePilotless planes would save airlines $35bn (£27bn) a year and could lead to substantial fare cuts – if passengers were able to stomach the idea of remote-controlled flying, according to new research.The savings for carriers could be huge, said investment bank UBS, even though it may take until the middle of the century for passengers to have enough confide
  
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• Inheritance tax: The secret loopholes to help protect YOUR money from dreaded death duties

  07-08-2017 17:11 via feedproxy.google.com
  BEREAVED families are losing more money than ever to the exchequer but there are few simple tricks that can protect estates from inheritance tax.
  
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• EU launches assault on UK's multi-billion pound industry to snatch business after Brexit

  07-08-2017 17:05 via feedproxy.google.com
  THE European Parliament is launching an all-out assault on Britain's euro-clearing in an effort to force the multi-billion industry to relocate to the continent after Brexit.
  
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• Green & Black’s new bar shows Fairtrade is under threat. But we still need it | Lucy Siegle

  07-08-2017 17:00
  The brand’s first non-Fairtrade chocolate shows big food companies’ own ethical standards won’t solve the problems of global tradeLast night I dreamed of Mondelēz, (as in the transnational food and snack company that acquired Cadbury as Kraft and then changed its name). I’m sorry for that dreadful pun, but I really needed it. This is a miserable summer to be a mainstream ethical consumer. I am currently preoccupied by Mondelēz and the news that the ethical brand
  
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• 'We've fallen short' Deutsche Bank plummets in top world rankings after losing billions

  07-08-2017 15:41 via feedproxy.google.com
  DEUTSCHE Bank is no longer classed as one of the world's top 15 private banks after a torrid year for Germany's biggest lender.
  
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• Germany economy on edge: Shock PLUNGE in industrial output is biggest fall in six months

  07-08-2017 15:27 via feedproxy.google.com
  GERMANY's industrial output sank in June sparking fears for the eurozone's largest economy, which is heavily dependent on manufacturing.
  
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• House prices fall for FOURTH quarter in a row but here’s why homeowners shouldn't panic

  07-08-2017 15:12 via feedproxy.google.com
  HOUSE prices edged down another 0.2 per cent in the three months to July, as affordability dents demand for homes.
  
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• Is it a bad idea to buy a property in London if it's not home for life?

  07-08-2017 13:41
  I would prefer buying to renting but fear a 2007-like crash may wipe out value and make it tough to resell Q I’m 26, living in London, and on civil service salary of £34,500, and after I’ve completed my graduate scheme, I should be on £50,000-plus in a couple of years. I’m fortunate to have £110,000 in cash – from savings and inheritance – to put towards the purchase of a property. I am young and single and like living in London, it suits my lifest
  
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• UK house price rises slow to four-year low, says Halifax

  07-08-2017 11:54
  Growth slips for fourth quarter in a row, with prices rising only slowly due to low interest rates and lack of homes for sale, say expertsAnnual house price growth has slowed to the lowest rate in four years, according to Britain’s biggest mortgage lender.Despite the slowdown, Halifax, which is owned by Lloyds Banking Group, said house price growth was still underpinned by low mortgage rates and a shortage of homes for sale, which have countered falling household incomes. The average price
  
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• Minority ethnic families earning up to £8,900 less than white Britons

  07-08-2017 10:10 via theguardian.com
  Gap in annual salaries is highlighted in report, which also finds income is growing fastest in Bangladeshi householdsMinority ethnic families in the UK earn as much as £8,900 a year less than their white British counterparts, according to a study.Bangladeshi and Pakistani households earn about a third less on average than the median for white families, while earnings in black African families are typically about a fifth less, the Resolution Foundation thinktank found. Continue reading...
  
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• Zombie startups: why are entrepreneurs failing to grow their businesses?

  07-08-2017 08:00
  Only a small percentage of companies succeed past early investment. To fix this founders need to stop thinking short termFor all the support they promise startups, business accelerators are arguably not delivering. Too many startup founders are not getting to the finishing line of a big pay day on exit or stock market launch.The UK is ranked third in the world by the Organisation for Economic Cooperation and Development (OECD) for the amount of startups created but only 13th for the number that
  
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• The strange case of Fox News, Trump and the death of young Democrat Seth Rich

  07-08-2017 07:09
  The revelation that Fox News made contact with the White House over a false and malicious story could spell trouble for the network – and the presidentIn the early hours of Sunday 10 July 2016, Seth Rich, a 27-year-old digital campaigner with the Democratic National Committee, was walking home after a long night at his favorite Washington sports bar, Lou’s City. He was in no hurry, chatting for more than two hours on the phone to his girlfriend. At 4.19am, he told her he was almost a
  
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• Fast broadband service puts couple on a par with neighbours

  07-08-2017 01:01 via feedproxy.google.com
  THEIR broadband blues lasted too long but now their connection is a belter say a happy couple who called on Crusader to help them get a service as good as their neighbour’s.
  
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• EU commission sees UK payments continuing to 2020 despite Brexit - Financial Express

  07-08-2017 00:36
  Financial Express
  EU commission sees UK payments continuing to 2020 despite Brexit
  Financial Express
  Britain will have to keep making payments for long-term programmes to the European Union until at least 2020, even after it leaves the bloc in 2019, EU Budget Commissioner Guenther Oettinger said. By: Reuters | New Delhi | Published: August 7, 2017 4 ...en meer »
  
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