Financial news

• McDonald's employees vote to strike over pay and zero-hours concerns

  18-08-2017 23:25
  Workers at two restaurants in England have voted to strike in what would be the first industrial action taken against the fast-food chain in BritainMcDonald’s could face its first strike on British soil after workers at two of the fast-food chain’s outlets backed a call for industrial action.Staff at restaurants in Cambridge and in Crayford, near London, have voted overwhelmingly in favour of a strike, amid concerns over working conditions and the use of zero-hour contracts.Continue
  
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• Bitcoin bonanza: Cash surges to 70 per cent in dramatic spike

  18-08-2017 22:44 via feedproxy.google.com
  BITCOIN Cash surged by 70 per cent to above $500 today in a rise that could change how the currency is mined for good.
  
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• UK retailers say government must be tougher on obesity

  18-08-2017 20:14
  British Retail Consortium says government must move beyond voluntary agreements if it wants to make a differenceBritish retailers have called for the government to take tougher action on tackling obesity and consider mandatory measures to ensure more companies make their products healthier.Public health bosses have urged food manufacturers to make chips, pizzas, crisps and burgers healthier, and ministers are expected to issue “strong guidance” on how to reformulate products popular
  
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• China moves to curb overseas acquisitions as firms' debt levels rise

  18-08-2017 19:32
  Beijing imposes restrictions to try to stem global buying spree that has included entertainment firms and football clubsThe Chinese government has served notice on the country’s foreign investment spree in football clubs, skyscrapers and Hollywood as it moves to curb rising levels of debt among domestic companies.The announcement of restrictions in a range of sectors follows a buying spree around the globe during which Chinese firms and business tycoons have taken control of assets includi
  
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• European stock markets tumble after Spain terrorist attacks

  18-08-2017 19:04
  Shares in airline, hotel and travel companies among hardest hit after atrocities in Barcelona and CambrilsStock markets in Europe fell on Friday after the Barcelona attack, with shares in airline, hotel and travel companies among the hardest hit.IAG, the parent company of British Airways and the Spanish carrier Iberia, fell 2%. Ryanair and easyJet posted more modest losses, while Air France-KLM ended the day 1.6% down. InterContinental Hotels Group lost 1.6%, and more broadly, the European trave
  
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• European stock markets dip after Spain terrorist attacks

  18-08-2017 19:04
  Shares in airline, hotel and travel companies among hardest hit after atrocities in Barcelona and CambrilsStock markets in Europe have fallen after the Barcelona attack, with shares in airline, hotel and travel companies among the hardest hit.IAG, the parent company of British Airways and the Spanish carrier Iberia, fell 2% on Friday. Ryanair and easyJet posted more modest losses, while Air France-KLM ended the day 1.6% down. InterContinental Hotels Group lost 1.6%, and more broadly, the Europea
  
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• Staff at two UK McDonald's vote for country's first strike - Financial Express

  18-08-2017 18:53
  Financial Express
  Staff at two UK McDonald's vote for country's first strike
  Financial Express
  McDonald's Corp. workers at two restaurants in England have voted in favor of a strike, in what would be the first industrial action by staff of the American fast-food chain in the UK. By: Bloomberg | Published: August 18, 2017 10:22 PM. 58. Shares ...en meer »
  
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• Weaker sterling attracts record number of foreign tourists to UK

  18-08-2017 18:16
  ONS figures show 3.5m trips were made in June – up 7% on the previous year – with spending by those visitors up 2% to £2.2bn Sterling’s plunge following the EU referendum is making Britain more attractive for foreign holidaymakers, resulting in a record number of overseas visitors in June.Non-UK residents made 3.5m visits to Britain in June, an increase of 7% from a year ago and a record for that month, according to the Office for National Statistics (ONS). European and N
  
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• America's default debt risk TWICE as high as Germany

  18-08-2017 18:01 via feedproxy.google.com
  AMERICA's government default debt risk is twice as high as Germany's amid growing market concern for the Donald Trump administration.
  
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• Tesco to sell tiny avocados in response to fruit's global shortage

  18-08-2017 17:55
  Supermarket will offer egg-sized versions for only a few weeks after buying 10,000 boxes of undersized crop from South AfricaEgg-sized avocados are the latest weapon in the battle to meet growing demand for the creamy green fruit amid a global squeeze on supply.The mini fruits, which weigh about 70g – nearly a third of the size of an average avocado – will be on sale at Tesco for only a few weeks. Continue reading...
  
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• Britain's food exports at RECORD high as Asian demand for UK beer jumps

  18-08-2017 17:46 via feedproxy.google.com
  BRITISH food and drink exports hit record highs in 2017 in a huge boost for the economy ahead of Brexit.
  
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• Let’s move to Rochester, Kent: ‘It’s ravishingly beautiful’

  18-08-2017 17:30
  It’s got a Norman castle, an ancient cathedral, fantastic views over the Medway – and DickensWhat’s going for it? Every time I go to Rochester it surprises me. I forget how ravishingly beautiful it is, the Norman castle and ancient cathedral high on a bluff above the Medway, curling lanes of old houses, bookshops and flint walls tumbling down the hill. The views! The long Medway valley, lined with the foothills of the North Kent Downs, is dreamy. The history! Pilgrims and
  
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• Inheritance tax: How death duty could hit YOUR family

  18-08-2017 17:24 via feedproxy.google.com
  BEREAVED families could be hit by shock inheritance tax bills that wipe thousands of pounds off estates, experts have warned.
  
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• Global super-rich agreeing to rent luxury London homes without visiting

  18-08-2017 16:39
  High-end estate agents say smartphones have transformed lettings and the rich are making decisions based on video toursWealthy foreigners are prepared to shell out as much as £25,000 a week renting luxury homes in London without bothering to set foot inside before opening their wallets.High-end estate agents report that overseas demand for super-prime London homes is so strong that the global super-rich are agreeing to rent properties after only viewing them on FaceTime or WhatsApp.Continu
  
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• Bad break? KitKat maker accused of copying Atari Breakout game in ad

  18-08-2017 16:25
  Games company launches lawsuit accusing Nestlé of ‘plain and blatant’ breach of its copyright in UK advertNestlé has been accused of copying Atari’s classic 1970s video game Breakout for a KitKat marketing campaign. In a complaint filed on Thursday in a federal court in San Francisco, Atari said Nestlé knowingly exploited the Breakout name, look and feel through social media and a video, hoping to leverage “the special place it holds among nostalgic b
  
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• Markets slide on Trump and terror concerns - as it happened

  18-08-2017 15:09
  European markets open lower after Wall Street suffers second biggest drop of the year, with airline shares among biggest fallers2.09pm BSTThe terror attacks in Barcelona and continuing concerns about Donald Trump’s presidency have put stock markets under a fair bit of pressure on the last trading day of the week.European markets opened lower, following the overnight lead from Wall Street and Asia. 12.59pm BSTMore to watch out for next week - events at the Bank of England:Busy week at the @
  
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• Government faces fresh criticism over Green Investment Bank sell-off

  18-08-2017 15:05
  Lib Dem leader Vince Cable questions UK’s commitment to environmental projects after GIB sale to Australian bank MacquarieThe government is facing renewed criticism after pushing through the “disastrous” sale of the Green Investment Bank (GIB) to the Australian bank Macquarie, as fresh concerns are raised over its commitment to environmental projects.A consortium led by Macquarie agreed to buy the GIB, which was established in 2012 by the coalition government to fund green infr
  
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• BREXIT GRAB: ‘Macron-effect’ leads latest bid to lure London bankers to Europe

  18-08-2017 14:48 via feedproxy.google.com
  BIG SHOT bankers are being lured to Ireland and Germany as the countries vie to outdo London as the new capital of business after Brexit.
  
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• Generation rent: why I’ll never live in a house with dedicated shoe storage

  18-08-2017 14:00 via theguardian.com
  Trying to find a pair of shoes in the three-layer-deep shoe stack beneath my clothes rail would no longer be a problem• Every week, a member of generation rent writes about her dreams of property ownershipSome people choose to exercise before work. They like to start the day energised by the challenge of personal bests, and the sense of virtuousness that comes from having tried where others have not.I, too, like that – but I’d prefer not to leave my house. In
  
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• 'Sick joke' to locate Redcar steelworks job in London, says Labour

  18-08-2017 13:55
  MPs say role, which involves ‘occasional trips’ to Tees Valley, undermines government’s devolution pledgeLabour MPs have accused ministers of playing a “sick joke” after it emerged that a government job overseeing regeneration in Tees Valley will be based in London.Sajid Javid’s Department for Communities and Local Government is advertising for a London-based project lead for Tees Valley’s Mayoral Development Corporation, a role it says “can includ
  
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• POUND LIVE: Euro on edge after European Central Bank raises fears for economy

  18-08-2017 11:43 via feedproxy.google.com
  THE pound lifted against the euro before falling back, after the European Central Bank raised concerns the bloc's currency could hamper the economy.
  
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• Trump panics markets: Dow Jones and FTSE 100 crash as confidence in US President fades

  18-08-2017 09:39 via feedproxy.google.com
  DONALD Trump has sent US and European markets tumbling amid fears the President's key economy advisor Gary Cohn is set to resign.
  
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• Revealed: how British American Tobacco exploited war zones to sell cigarettes

  18-08-2017 09:00
  Documents show how the world’s largest publicly traded tobacco company pursued growth and profit amid instability in African and Middle East countriesBritish American Tobacco (BAT) has promoted sales of its cigarettes in some of the most fragile, war-torn and unstable countries of Africa and the Middle East, documents seen by the Guardian show. Continue reading...
  
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• South Korea's thirst for craft beer helps food and drink exports top £10bn

  18-08-2017 08:32
  Sales of trendy brands such as Brewdog to the east Asian country outshone whisky, shellfish and ice cream in year to JuneSoaring demand for British craft beers in South Korea helped UK food and drink exports top £10bn in the first six months of 2017, the best first half figures ever.Ireland, France and the US are the top three destinations for British food and drink, but the east Asian country was the fastest growing with export revenues up 77% as beer sales jumped more than 420% year-on-y
  
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• What I wish I could tell my boss: 'You take money from people who have the least'

  18-08-2017 08:00 via theguardian.com
  The local government worker: you enjoy a fat salary as vulnerable members of our communities face crisisYou don’t understand that our work is hard. You ask us to deliver complex services, yet our work is undermined by budget cuts. Waiting lists for NHS hospitals have now hit a 10-year high. The level of assessed risk before we help a child in need has been raised. The charity Action for Children recently published a report that showed tens of thousands of children at risk of harm across th
  
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• Struggling to be productive at work? Take a neuroscientist's advice

  18-08-2017 08:00
  Understanding how the brain works can unlock its potential. Reduce stress, stop multitasking and break jobs into small steps, says Dr Gabija ToleikyteDo you ever struggle to get things done? Do you sometimes feel your brain is not as sharp any more? Did you used to read books and now find it challenging to even finish a short article in a newspaper?Continue reading...
  
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• Why haven't politicians learned from the financial crisis? | Mohamed El-Erian

  18-08-2017 07:36
  Advanced economies responded with temporary measures when they needed broader, longer-term solutionsTen years ago this month, the French bank BNP Paribas decided to limit investors’ access to the money they had deposited in three funds. It was the first loud signal of the financial stress that would, a year later, send the global economy into a tailspin. Yet the massive economic and financial dislocations that would come to a boil in late 2008 and continue through early 2009 – which
  
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• Former burglars say barking dogs and CCTV are best deterrent

  18-08-2017 07:01
  Ex-criminals tell Co-op Insurance most thieves are opportunists who tend to avoid difficult break-insBurglars are most likely to be put off breaking into homes by CCTV cameras and barking dogs, according to a panel of former criminals.Nearly half of the 12 former burglars consulted by Co-op Insurance said most thieves were opportunists wandering the streets who would avoid difficult break-ins that were likely to attract attention.Continue reading...
  
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• 'No good Nazis': James Murdoch criticises Trump over Charlottesville

  18-08-2017 05:04
  21st Century Fox boss breaks with father, major Trump ally Rupert Murdoch, to tell staff that president’s reaction ‘concerns all of us as Americans and free people’James Murdoch – chief executive of 21st Century Fox and son of Donald Trump ally Rupert Murdoch – has become one of the most prominent voices yet to condemn the US president’s response to neo-Nazi violence in Charlottesville. Continue reading...
  
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• 'No good Nazis': James Murdoch criticises Donald Trump over Charlottesville

  18-08-2017 05:04
  21st Century Fox boss breaks with father, major Trump ally Rupert Murdoch, to tell staff that president’s reaction ‘concerns all of us as Americans and free people’James Murdoch – chief executive of 21st Century Fox and son of Donald Trump ally Rupert Murdoch – has become one of the most prominent voices yet to condemn the US president’s response to neo-Nazi violence in Charlottesville. Continue reading...
  
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• UK Financial Watchdog Slaps PwC With Historic US$6.6M Fine for Audit ... - CFO innovation ASIA

  18-08-2017 03:12
  UK Financial Watchdog Slaps PwC With Historic US$6.6M Fine for Audit ...
  CFO innovation ASIA
  The United Kingdom's Financial Reporting Council (FRC) has penalized accounting giant PwC with a record £5.1m ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc. In a statement, the FRC announced that PwC and Nicholas William ...en meer »
  
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• Pension pots WARNING: Brits could be 'sleep walking' into POORER retirement

  18-08-2017 01:01 via feedproxy.google.com
  THE boss of Britain’s biggest mutual insurer warned that people could be “sleep walking” into a poorer retirement by drawing down lump sums without advice.
  
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• Leaving EU without deal would be no disaster, says thinktank

  18-08-2017 01:01
  Institute for Economic Affairs says UK should resort to WTO rules and strike free trade agreements with trading partners Leaving the European Union without a deal in place would not spell disaster for the UK economy, according to a free market thinktank advocating trade with the rest of the world over a “hamstrung” deal with Brussels. Despite repeated warnings that leaving without an agreement would hurt British companies and consumers, the report from the Institute of Economic Affai
  
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