Financial news

• Sky set to retain live Football League rights in £180m-a-year deal

  08-08-2017 23:38
  Broadcaster understood to have entered into exclusive talks, after winning bidding war with rival BTSky is set to retain the rights to the Football League in a blockbuster bidding battle with BT that has seen the price as much as double to £180m a season.The Football League is understood to have entered into exclusive talks with Sky for the live rights, in a three to five-year deal worth between £500m and £900m. Continue reading...
  
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• Mark Millar's superhero rise from comic book nerd to Netflix winner

  08-08-2017 21:35
  How Scotsman made multi-million pound leap from page to screen with sale of Millarworld titles to US streaming giantLike many comic book writers and artists, Mark Millar’s love of comics began as a young child when his older brother would take him to comic book shops. But now the Scottish author has become the latest beneficiary of the global obsession with bringing the stories to life on the screen, after his publisher Millarworld – whose titles include Kick Ass, Kingsman and Wanted
  
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• Mazda boosts petrol engine efficiency in fresh blow to diesel

  08-08-2017 20:06
  Japanese carmaker says from 2019 it will sell cars fitted with engines that largely eliminate need for spark plugs, improving fuel consumption by 30%One of the world’s largest automotive firms has hailed a technological breakthrough for the petrol engine, in an engineering twist for an industry racing to embrace the electric car.Japanese car manufacturer Mazda claims to have designed a vehicle that will largely eliminate the need for spark plugs in petrol engines, increasing fuel efficienc
  
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• Murdoch’s Sky takeover bid delayed as Ofcom is asked for further input

  08-08-2017 20:05
  DCMS says it has received ‘new evidence and/or comment’ about regulator’s assessment of proposed £12bn dealRupert Murdoch’s proposed takeover of Sky has met with further delays after the government asked the media regulator to conduct further analysis of the mogul and his company’s adherence to broadcasting standards. The Department for Digital, Culture, Media and Sport made the intervention after the government and Ofcom faced calls to deepen their investigat
  
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• Britain’s young suffer as austerity continues to take its toll | Letters

  08-08-2017 19:49
  Guardian readers respond to cuts to mental health and youth services, maternity ward closures, and benefits changes“Childhood” in “Crisis”, edited by Phil Scraton (Letters, 7 August) and published in 1996, has long been considered the definitive reference book on child poverty and the demonisation of young people by academics and youth and community practitioners alike. However, when first released it could not have been predicted that those warnings about austerity measu
  
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• Ed Sheeran’s Divide puts Warner Music’s streaming income on track to cross £1bn

  08-08-2017 19:33
  Streaming services continue to revive fortunes of music industry as new albums from top artists drive sales to record high The popularity of Ed Sheeran and his latest album, Divide, helped drive a 58% increase in streaming revenue for Warner Music, putting it on track to make more than $1.3bn (£1bn) from digital services including Spotify and Apple Music this year.The world’s third largest record company made $360m from streaming in the three months to the end of June, up 58.6% on th
  
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• Why are Britain’s banks blaming customers for online banking fraud? | Miles Brignall

  08-08-2017 19:24 via theguardian.com
  RBS’s Ross McEwan claims it is not banks’ responsibility if money goes to fraudsters. Despite promised reforms, meaningful change seems years awayWhen Bristol resident Sarah Neville got an email from her carpenter saying that he’d had a cancellation and he could start her long-discussed home renovations, it didn’t arouse the slightest suspicion. Emails had gone back and forth, and when he asked her to pay a £1,500 deposit she quickly went online and made the payment
  
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• British pensioners the most likely to start a new life in France

  08-08-2017 19:22 via theguardian.com
  ONS report finds the majority of Britons moving across the channel are retired, with south-west most popular home from homeAround 150,000 British people now live in France, with the south-west of the country, including the Dordogne, the most popular place to relocate. A special report by the Office for National Statistics examining country by country migration patterns found that older Britons favoured the south and mid-west region, Nouvelle-Aquitaine, but younger working Britons were more commo
  
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• Mortgage rates will rise – so 
are you ready 
to take a hit?

  08-08-2017 18:52
  Borrowing costs may still be at an all-time low but be prepared for bigger bills – they are on their way soonMortgage holders can breathe a sigh of relief after the Bank of England decided last week to leave borrowing costs at an all time low – but it came with the warning that interest rate rises are on the way. The current 0.25% rate is the lowest in the bank’s 323-year history and changes upwards could lead to homeowners, who have borrowed at the reduced levels, to face incr
  
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• Should I sell or scrap my diesel car?

  08-08-2017 16:56 via theguardian.com
  I’d probably get £3,000 for my 12-year-old Mercedes E-class estate, but I could keep it going despite environmental fearsEvery 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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• How Netflix can spawn a Marvel-style Millarworld superhero universe

  08-08-2017 16:22
  Acquisition of Scottish comic book business can transform into a multibillion-dollar film franchise
  Netflix has grand ambitions for Millarworld, the Scottish comic book company it acquired this week. The aim is to repeat Disney’s success with Marvel, where the creator of the Avengers and the Guardians of the Galaxy has become a launchpad for multibillion-dollar film franchises. Here are four ways in which Netflix can make a global success of Millarworld properties, a job made tougher as th
  
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• Pensioners living in golden era as income rise outstrips workers’

  08-08-2017 14:47
  Gross household incomes for the retired nearly tripled between 1977 and 2016, but only doubled for working households, says ONSPensioners enjoyed a golden era between 1977 and 2016, with official figures revealing that their incomes have nearly tripled in real terms, rising much faster than the incomes of working people.The average gross income for a pensioner household soared to £29,000 in 2016 from £10,500 in 1977, after the figure was adjusted for inflation, according to the Offic
  
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• Wealth manager defies headwinds to expand in UK - Financial News - Financial News (subscription)

  08-08-2017 12:49
  Wealth manager defies headwinds to expand in UK - Financial News
  Financial News (subscription)
  Sanlam, the UK-South African wealth management group, has recruited a Close Brothers executive to launch a new service for ultra-wealthy Brits, joining an ...en meer »
  
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• Paddy Power Betfair blames bad results on bad results

  08-08-2017 12:12
  Bookmaker puts slow growth down to sports results going in favour of punters and lack of major football tournamentPaddy Power Betfair has said the lack of a major football tournament and unfavourable sports results were to blame for a slowdown in growth in the first half of the year.Shares in the betting group fell sharply for a second day, after the bookmaker surprised investors on Monday with the revelation that Breon Corcoran had resigned as chief executive. Continue reading...
  
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• 'Self-driving car' actually controlled by man dressed up as a car seat

  08-08-2017 11:31
  Virginia residents and tech blogs alike fooled by university ‘research project’ featuring a driver pretending to be part of autonomous vehicleTech blogs went crazy over the weekend after a new self-driving car was seen rolling around Arlington, Virginia.Unlike vehicles from Google Waymo, Uber and others, the car didn’t have any obvious signs of a Lidar array, the chunky imaging technology most autonomous vehicles use to gauge the state of the road ahead. Instead, it had just a
  
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• Succeeding as a disruptor: 'Don't try to be all things to all people'

  08-08-2017 08:00
  Challenging established industries can seem a fruitless task. Set time aside to innovate, aim to improve your industry and grow a network, advise the expertsWhile many entrepreneurs acknowledge that pursuing innovation is good for business, it does take time and people away from the less creative projects that pay the bills. Emma-Jayne Parkes, co-founder of SquidLondon, says it’s a problem her team sometimes has, but implementing a routine has helped. “We are strict about prioritisin
  
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• Average UK broadband speed slower than most of Europe, report finds

  08-08-2017 07:01
  Britain is behind European countries including Germany, Spain and Sweden, while Singapore has best serviceBritain is a broadband laggard with an average speed ranking it 31st in the world trailing most of Europe, Thailand and New Zealand.A new report has found that across the UK the average broadband download speed is 16.5Mbps, at which it takes about an hour to download a lengthy Hollywood film such as Lord of the Rings or an entire TV box set. Continue reading...
  
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• UK's household wealth passes £10 trillion as financial assets grow ... - Yorkshire Post

  08-08-2017 03:36
  Yorkshire Post
  UK's household wealth passes £10 trillion as financial assets grow ...
  Yorkshire Post
  The estimated household wealth in the UK rose above £10 trillion last year, meaning the average family is more than £140000 richer than a decade ago, ...
  UK household wealth rises 9% to over £10 trillionFinancial Reporteralle 12 nieuwsartikelen »
  
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• Total UK wealth tops £10tn thanks to City and property boom

  08-08-2017 01:01
  Soaring value of homes and financial assets will fuel debate about inequality, as report reveals many Britons are not savingA booming City and rising house prices provided a double boost to Britons holding assets in 2016 as they pushed the nation’s wealth through the £10tn mark, according to a new survey.Lloyds Bank’s private banking arm said total household wealth in the UK increased by £892bn last year – with the property and financial markets each responsible for
  
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