Financial news

• UK sets out post Brexit papers; EU insists citizens rights, financial settlement and ... - MercoPress

  22-08-2017 20:15
  MercoPress
  UK sets out post Brexit papers; EU insists citizens rights, financial settlement and ...
  MercoPress
  A position paper calls for goods already on the market to be allowed to remain on sale in the UK and EU without additional restrictions. Brussels is refusing to discuss future arrangements, such as trade, until citizens' rights, the UK's “divorce bill ...
  UK seeks smooth rules to resolve legal disputes after BrexitFinancial Post
  UK Plans to Keep Visa-Free Travel for EU CitizensFi
  
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• The Guardian view on grocery wars: Lidl Britain | Editorial

  22-08-2017 20:12
  Discount stores are upping their game. They have learned that price isn’t everythingBritish supermarkets were once an established social ecosystem: Waitrose and Marks & Spencer catered for the wealthy, Asda for the hard up, and Tesco and Sainsbury’s for everyone in between. Then a foreign species disturbed it. In the early 1990s, German discount stores Lidl and Aldi arrived in Britain, catering mostly for those who couldn’t afford to go anywhere else. Now they respectively
  
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• Poor and over​priced funfair rides could be closed under new rules

  22-08-2017 19:48
  Competition regulator considers proposals from Showmen’s Guild that would also mean more new attractionsLocal authorities will be able to shut down poor and overpriced funfair rides under proposals being considered by the competition watchdog.Millions of people who visit the UK’s travelling funfairs will also have a wider choice of rides and attractions on their doorstep if the Competition and Markets Authority accepts the new rules from fairground operators.Continue reading...
  
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• Introduction to the UK Financial Services Regulator Course - Avoid ... - Business Wire (press release)

  22-08-2017 19:21
  Introduction to the UK Financial Services Regulator Course - Avoid ...
  Business Wire (press release)
  The "Introduction to the UK Financial Services Regulator - FCA" training has been added to Research and Markets' offering. To avoid costly i.en meer »
  
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• Provident Financial sees nearly £1.7bn wiped off stock market value

  22-08-2017 18:54
  Shares in doorstep lender dive after profit warning, exit of chief executive and cancelled dividend Provident Financial has lost two-thirds of its stock market value in a day, after the doorstep lender was hit by a “quadruple whammy” of body blows.The company, which specialises in lending to people in financial difficulty, issued its second profit warning in two months, parted company with its chief executive and cancelled a dividend for shareholders. Continue reading...
  
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• Ex-BHS owner Dominic Chappell prosecuted by pensions regulator

  22-08-2017 18:03 via theguardian.com
  Former bankrupt who bought high street retailer that collapsed a year later is sued for failure to provide information Dominic Chappell, the former owner of BHS, is to be prosecuted by the pensions watchdog for failing to provide information for an investigation into its sale. Chappell headed Retail Acquisitions, the company that acquired BHS for £1 from Sir Philip Green in 2015. A year later, it collapsed with the loss of 11,000 jobs and a pension deficit of as much as £571m. Contin
  
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• Financial services bosses voted best in UK - London School of Business and Finance (blog)

  22-08-2017 17:55
  Financial services bosses voted best in UK
  London School of Business and Finance (blog)
  A report from employee incentives company, One4all Rewards, has revealed the industries with the best bosses to work for in the UK, with financial services bosses taking the top spot. The One4all Rewards Review of UK Management whitepaper, surveyed ...
  
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• Government borrowing this financial year surges to £22.8 billion - Belfast Telegraph

  22-08-2017 17:47
  Belfast Telegraph
  Government borrowing this financial year surges to £22.8 billion
  Belfast Telegraph
  Government borrowing surged 9% in the four months to July, despite public finances running their first July surplus in 15 years. The Office for National Statistics (ONS) said public sector net borrowing, excluding public sector banks, increased by £1.9 ...
  Government borrowing this financial year rises to £22.8 billionAOL UKalle 44 nieuwsartikelen »
  
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• What to do if you’re over 35 and hate your job

  22-08-2017 17:32 via theguardian.com
  A recent report shows one in six people between 35 and 54 are unhappy in their roles. How can you break out of a working rut?If you’re 35 and hate your job, the thought that there are only another 30 years or so to go will not be cheering. But you might be consoled by the fact lots of other people aged 35 and over hate their jobs too.A recent report found about one in six people aged between 35 and 54 are unhappy at work. In the over-55s, that rises to one in five. Only 8% of 18-34-year-ol
  
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• UK is briefly in the black – but fixing the public finances will take time | Larry Elliott

  22-08-2017 14:21
  Repairing the hole in the public finances after the financial crash is taking a lot longer than it did after previous recessionsThe government was in the happy – and unusual – position of being in the black in July. To the surprise of the City, tax receipts were higher than public spending. Not by much, but a surplus is still a surplus even if in the context of a £1.8tn economy it is small change.This, though, was a classic case of one swallow not making a summer. For a start,
  
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• UK public finances notch up first July surplus since 2002

  22-08-2017 13:00
  Public sector net borrowing in that month returns to the black for first time in 15 years, bolstered by self-assessed tax receiptsThe government ran the first July budget surplus in more than a decade last month, as Britain’s public finances recorded an unexpected leap back into the black with help from an increase in self-assessed tax payments.Related: UK public finances see first July surplus since 2002 – business liveContinue reading...
  
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• Dress code wars: tell us your stories about workplace attire

  22-08-2017 13:00
  Nearly a fifth of young employees would consider quitting over company dress code. Has a strict dress code affected you?A new survey has found that 10% of employees have considered quitting over company dress code, with those aged 18-24 feeling most strongly about the matter (18% would consider quitting). Moreover, nearly 20% of young employees said a strict dress code would influence their choice in career.Across all ages, men were slightly more concerned with the issue than women, with 12% of
  
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• UK families could get money off shopping bills if they hit exercise goals

  22-08-2017 12:52 via theguardian.com
  NHS ‘healthy towns’ scheme could offer rewards such as free cinema tickets in attempt to reduce lifestyle-related illnessesFamilies could be offered discounts on their food shopping, cut-price sports gear and free cinema tickets for hitting exercise targets in a drive to reduce the burden of lifestyle-related illness on the NHS. The proposals, for residents to receive rewards if they walk a specified number of steps, form part of NHS England’s plans for 10 new “healthy to
  
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• Provident Financial plc slumps 60% on dividend withdrawal - AOL UK

  22-08-2017 12:06
  AOL UK
  Provident Financial plc slumps 60% on dividend withdrawal
  AOL UK
  A profit warning, withdrawal of its dividend and resignation of its CEO has sent the Provident Financial(LSE: PFG) share price crashing downwards by 60%. The specialised lender has experienced hugely disappointing performance in its home credit ...
  UK subprime lender loses two-thirds of value as CEO quitsFinancial Post
  UPDATE 1-FTSE gains clouded by Provident Financial's 'catastrophic' slumpLondon South East (registration)
  
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• UPDATE 1-Miners bolster European shares, Provident Financial plummets - London South East (registration) (blog)

  22-08-2017 10:44
  UPDATE 1-Miners bolster European shares, Provident Financial plummets
  London South East (registration) (blog)
  LONDON, Aug 22 (Reuters) - A flurry of results for heavyweight mining stocks and a dramatic plunge in Provident Financial's shares injected some energy into European shares on Tuesday, with the region's benchmark set to break a three-day losing streak ...en meer »
  
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• Provident Financial UK se prăbuşeşte la Bursa de la Londra, CEO-ul a ... - Ziarul Financiar

  22-08-2017 09:32
  Ziarul Financiar
  Provident Financial UK se prăbuşeşte la Bursa de la Londra, CEO-ul a ...
  Ziarul Financiar
  Directorul executiv al Provident Financial a demisionat astăzi, în condiţiile în care strategia sa de a înlocui o parte din personal cu tehnologie nu a avut rezultatele dorite, iar compania britanică se îndreaptă spre un rezultat anual negativ, fiind ...en meer »
  
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• Longer is better and don't invent words: picking the right name for your business

  22-08-2017 08:00
  Coming up with a name to make your business stand out is no easy task. Here’s an expert guideWe all see a vast number of words on a daily basis. A study has shown that we are presented with the equivalent of 174 entire newspapers of data every single day. This represents a fivefold increase over the past 30 years. Of course, this information isn’t all presented in ruled, neatly spaced, longform writing – it’s posts and tweets and adverts and everything else that finds its
  
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• 'I use food banks' – workers on the impact of the pay squeeze

  22-08-2017 08:00 via theguardian.com
  With real pay falling again in the three months to May, cash-strapped households continue to feel the pinch. We asked readers to share their experiences The pay freeze that we have been subject to has led me into deeper and deeper debt, no savings, a broken marriage, a host of creditors seeking payments and an inability to keep up with rising utilities, fuel and food prices. It’s an absolute disgrace that while politicians and bankers still award themselves pay increases and bonuses, those
  
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• I have evidence of fraud but Santander won’t act

  22-08-2017 08:00 via theguardian.com
  We even knew the details of the account that was used for criminal purposesThe banks always claim they do their utmost to stop bank frauds, but my experience tells a different story.I run a small dog care business and last week my email was hacked. We realised quickly after one of my clients questioned an email requesting money and nothing was lost. However, we were now in possession of the details of the account the fraudsters were using to receive the stolen money – a Merseyside-based Sa
  
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• Ford launches scrappage scheme offering at least £2,000 for any brand

  22-08-2017 01:01 via theguardian.com
  Company joins other manufacturers, including Vauxhall and BMW, in seeking to get dirtier vehicles off UK roadsFord has announced a car and van scrappage scheme in a bid to get dirtier vehicles off the roads and boost its sales in the UK’s flagging car market.While other manufacturers, including Vauxhall and BMW, have launched scrappage schemes this year, Ford’s is unusual in allowing customers to trade in and scrap any brand of older vehicle for at least £2,000.Continue reading
  
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• Many Indians among 200 arrested for visa breaches in UK - The ... - Financial Express

  22-08-2017 00:16
  Financial Express
  Many Indians among 200 arrested for visa breaches in UK - The ...
  Financial Express
  Many Indians are among 200 people arrested in a UK-wide operation targeting illegal migrants living in squalid accommodation between January and June this ...en meer »
  
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• Ovarian cancer victim wins $417m payout from Johnson & Johnson

  22-08-2017 00:00
  Court orders firm to compensate woman who claims her cancer was linked to using talc products for feminine hygiene
  A jury has ordered Johnson & Johnson (J&J) to pay $417m (£323m) to a woman who claimed she developed ovarian cancer after using the company’s talc-based products such as Johnson’s Baby Powder for feminine hygiene. Related: Is it safe to use talcum powder?Continue reading...
  
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