Financial news

• Tories may compel firms to disclose gap between pay of CEOs and workers

  24-08-2017 22:24 via theguardian.com
  Government plans expected to include requirement that top companies explain ratio between earnings of bosses and staffBritain’s top companies could be forced to disclose and explain the pay gap between their chief executive and workers under plans to be set out by Theresa May as she tries to show her domestic reform agenda remains on track.Despite the Conservatives’ disastrous general election performance, the government is keen to demonstrate that it will get to grips with rising co
  
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• Simmons Appointed To UK Gov't Financial Legal Advice Panel ... - Law360 (subscription)

  24-08-2017 19:30
  Simmons Appointed To UK Gov't Financial Legal Advice Panel ...
  Law360 (subscription)
  Simmons & Simmons LLP has been appointed to a U.K. government panel which provides legal services to central government and its associated bodies on a ...en meer »
  
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• Home insurance: Average prices for UK households 'rising at fastest rate for three years'

  24-08-2017 19:00 via feedproxy.google.com
  HOME insurance premiums are rising at the fastest rate for three years as Government tax rises take effect, new research has found.
  
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• Financial Technology Does Not Have Borders - HuffPost UK

  24-08-2017 18:24
  HuffPost UK
  Financial Technology Does Not Have Borders
  HuffPost UK
  The general election was historic for many reasons - Britain had a stark choice to elect its first female Prime Minister of the 21st century, nationalise many of the country's utilities and infrastructure to a degree not seen since 1945, or even renege ...en meer »
  
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• Bitcoin army: More Venezuelans mining for cryptocurrency

  24-08-2017 18:10 via feedproxy.google.com
  CRISIS-hit Venezuela has inadvertently creating an army of bitcoin miners, who are desperately hunting the coins in an effort to support themselves.
  
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• China could spark world financial CRISIS with infrastructure programme, experts warn

  24-08-2017 18:03 via feedproxy.google.com
  CHINA'S debt levels are rising by billions of pounds to fund a gigantic 'belt and road' infrastructure programme, which could take down the world economy if it fails, experts have warned.
  
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• Estonia to launch its own version of bitcoin in bid to crowd fund finance

  24-08-2017 17:38 via feedproxy.google.com
  ESTONIA could launch a digital currency to rival bitcoin in an effort to boost its digital citizenship programme.
  
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• Weak pound is hitting spending rather than boosting UK trade | Larry Elliott

  24-08-2017 17:36
  Sterling’s slide should have improved net trade – but Britain’s manufacturing base is now too small to take advantageThe downside to a weak pound is immediately apparent because imports get dearer and foreign holidays get more expensive. With sterling at its lowest level for eight years, there have been plenty of horror stories of travellers from the UK being gouged by foreign exchange bureaux.The benefits of a weaker currency tend to be less obvious but are potentially signifi
  
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• FTSE 100 advances, led by Provident Financial and CRH, after unrevised UK ... - Proactive Investors UK

  24-08-2017 16:58
  Proactive Investors UK
  FTSE 100 advances, led by Provident Financial and CRH, after unrevised UK ...
  Proactive Investors UK
  The FTSE 100 is up 51 points to 7,434 in afternoon trading, shrugging off a stronger pound, as UK economic growth data met expectations and as the Jackson Hole event kicked off. The pound is 10% higher against the dollar at US$1.2813 and 0.13% up ...en meer »
  
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• £1bn dent in cash Isas as household budgets pressure lowers saving and spending

  24-08-2017 16:43 via feedproxy.google.com
  SAVERS left a £1 billion dent in cash Isas in July as they shored up money in their accounts at the slowest rate seen in over eight years, according to a high street banking report.
  
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• Mortgage activity remains steady but market to slow: UK Finance - Financial Reporter

  24-08-2017 16:15
  Financial Reporter
  Mortgage activity remains steady but market to slow: UK Finance
  Financial Reporter
  First-time buyer numbers continue to be strong, helped in part by government schemes. But that has been offset by home movers. New UK Finance data shows that gross mortgage lending totalled £23bn in July, in line with previous months but up 9% ...en meer »
  
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• Financial deregulation: will the US really go back to a pre-crisis free-for-all? | Howard Davies

  24-08-2017 16:12
  A Federal Reserve official has spoken out against the Trump administration’s reform plans. It is important to hold a debate Since a revolving door was installed at the entrance to the West Wing of the White House, it has been difficult to keep track of the comings and goings in America’s corridors of power. Anything written about the Trump administration’s personnel and policies may be invalid before it is published.At least for the time being, however, the key economic policy
  
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• Software update leaves Samsung TVs unusable, plus identity theft soars

  24-08-2017 15:42 via theguardian.com
  Also, why British homeowners are burrowing down for space and ways to lighten the student debt burden• Sign up to receive Money Talks each weekHello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• POUND LIVE: Pound rises as UK economy grows by 0.3 per cent in Q2

  24-08-2017 15:41 via feedproxy.google.com
  THE pound has lifted from some of its lowest levels against the euro since around 2009, after the economy growth in the second quarter of 2017 was confirmed at 0.3 per cent.
  
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• Pound edges up as UK economy grows by 0.3% in second quarter - as it happened

  24-08-2017 15:21
  UK retail sales weakest for more than a yearUK GDP growth confimed at 0.3% but exports and consumer spending weakUK sees slowest growth among G7 countriesSpanish economy continues good performanceUK car production accelerates in July 2.21pm BSTThe UK economy grew by 0.3% in the third quarter, in line with the initial estimates.But consumer spending, exports and business investment all proved disappointing. The weak pound following the Brexit vote has hit people’s pockets but not proved as
  
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• Inside the gig economy: the 'vulnerable human underbelly' of UK's labour market

  24-08-2017 15:05
  Frank Field MP’s recent report into the UK’s delivery sector demanded ‘emergency government intervention’ to protect self-employed workers from exploitation. This is the story behind that investigationThe modern working day has begun. Thousands of couriers have arrived at their local sub-depots, and spent the first hour sorting through mountains of parcels containing goods of all shapes and sizes, all bought online from some of Britain’s best-known brands. Every las
  
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• Pound v US dollar: GBP finds strength following GDP data

  24-08-2017 14:29 via feedproxy.google.com
  THE pound crept slightly higher against the US dollar this morning as the UK released its latest GDP estimate.
  
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• Samsung TV owners furious after software update leaves sets unusable

  24-08-2017 13:45 via theguardian.com
  Customers say recently acquired televisions stopped working after the company sent out an upgrade a week agoThousands of owners of high-end Samsung TVs have complained after a software update left their recently acquired £1,400 sets with blank, unusable screens.The Guardian has been contacted by a number of owners complaining that the TVs they bought – in some cases just two weeks ago – have been rendered useless by an upgrade sent out by Samsung a week ago.Continue reading...
  
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• Multimac plans more child car seat innovation as set pieces score well with big families

  24-08-2017 13:40 via feedproxy.google.com
  BRITISH firm Automotive Macliver, the world’s only maker of multiple child car seat sets for bigger families, is bumping up production as demand doubles.
  
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• Your savings, your mortgage and your job depend on THESE bankers meeting in Wyoming today

  24-08-2017 12:52 via feedproxy.google.com
  BRITISH families could see huge changes to their household budgets - and even their livelihood - depending on high-level meetings of world's top central bankers in Jackson Hole, Wyoming over the next two days.
  
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• UK Financial Services Sector Seeking 'Ambitious' Brexit Trade Agreement - Insurance Journal

  24-08-2017 11:28
  Channel 4 News
  UK Financial Services Sector Seeking 'Ambitious' Brexit Trade Agreement
  Insurance Journal
  The UK's financial sector is seeking an “ambitious” trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves the bloc, according to a draft report seen by Reuters.
  UK urges EU cooperation on data laws after BrexitFinancial News (subscription)alle 528 nieuwsartikelen »
  
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• Small Business Saturday 100 announced

  24-08-2017 08:30
  A hula hoop workshop and an award-winning children’s book are among the firms that will be championed in the run-up to this year’s event A children’s hula hoop instructor, an English countryside tearoom, and a business on a mission to reverse the decline of the honeybee are just a few of the 100 firms to be championed in the 100 days before Small Business Saturday. Now in its fifth year in the UK, Small Business Saturday will promote one business per day on social media, in the
  
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• EasyJet left us stranded in Nice with two diabetic children

  24-08-2017 08:00 via theguardian.com
  It blamed foggy weather in London, but other airlines were operatingOur family was due to fly back from Nice to Gatwick with easyJet on New Year’s Eve. On our way to the airport we received a text saying the flight was delayed due to staffing problems. An hour later we were told our flight had been cancelled due to bad weather. Fog in London had affected earlier flights, but by the afternoon other airlines had started operating. We were informed that a flight could not be found until 5 Jan
  
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• The stress of low-paid work is making our country sick | Dawn Foster

  24-08-2017 07:00 via theguardian.com
  In modern Britain’s zero-hours labour market, unemployment is sometimes a healthier option than taking a jobOn Tuesday Heather left her desk, locked herself into a toilet cubicle and wept for 30 minutes, covering her mouth with a fistful of toilet paper to avoid being heard by her colleagues. For the last year, the 26-year-old has been having nightmares about her workplace, and has been signed off with depression on and off for the past four months. The Glasgow customer service call centre
  
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• Nickel mining: the hidden environmental cost of electric cars

  24-08-2017 07:00
  The extraction of nickel, mainly mined in Australia, Canada, Indonesia, Russia and the Philippines, comes with environmental and health costsAs countries the world over legislate to phase out petrol and diesel cars, attention is turning to the environmental impact of mining the materials needed for electric vehicle batteries.
  This additional scrutiny has largely focused on ethical concerns with cobalt and lithium supply chains, despite Tesla CEO Elon Musk’s observation last year that the l
  
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• Exxon deliberately misled public on climate science, say researchers

  24-08-2017 04:04
  Study of company documents, peer-reviewed papers and newspaper ads claims to show how the oil giant tried to cast doubt on climate scienceExxonMobil has knowingly misled the public for decades about the danger climate change poses to a warming world and the oil giant’s long-term viability, according to a peer-reviewed study.An analysis of nearly 200 documents spanning decades found that four-fifths of scientific studies and internal memos acknowledged global warming was real and caused by
  
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• Food and drink industry says EU staff exodus will damage economy

  24-08-2017 01:01
  Brexit warnings from trade bodies come as businesses across UK struggle to recruit skilled labour The food and drink industry has issued a warning of significant disruption and economic damage if the government fails to stem the flow of EU nationals leaving the UK.Nearly a third of British food and drink businesses have had non-UK EU workers leave their employment since last summer’s Brexit vote, according to a survey of more than 600 businesses representing nearly a quarter of the food ch
  
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• Bupa care homes being sold to health and social care provider HC-One

  24-08-2017 01:01 via feedproxy.google.com
  HEALTH and social care provider HC-One has agreed to buy 122 care homes from Bupa.
  
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