Financial news

• Uber chooses Expedia boss Dara Khosrowshahi as new CEO

  27-08-2017 21:08
  Announcement comes as ride-hailing service fights allegations of sexism and racism that led to ousting of founder Travis KalanickUber has chosen Dara Khosrowshahi, the chief executive of travel company Expedia, to be its new boss, ending a contentious search that has been marred by boardroom spats and leaks.The announcement, made on Sunday, comes as the ride-hailing service fights allegations of sexism and racism that led to the ousting of its founder, Travis Kalanick. Continue reading...
  
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• Are Provident Financial plc shares seeing a 'dead cat bounce'? - AOL UK

  27-08-2017 19:37
  AOL UK
  Are Provident Financial plc shares seeing a 'dead cat bounce'?
  AOL UK
  A week of woe for non-standard lender Provident Financial(LSE: PFG) has brought out the bargain hunters, bottom fishers and falling knife catchers. That is what happens when a company issues its second profit warning in two months, scraps its dividend, ...en meer »
  
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• ​AstraZeneca to make multimillion-pound investment in UK site

  27-08-2017 19:20
  Britain’s second-biggest drugmaker to improve Macclesfield facilities but is still not committing to manufacturing expansion AstraZeneca, Britain’s second-largest drugmaker, is to announce further investment in its Macclesfield site in northern England, in a boost for Britain’s £60bn life sciences industry. The move, worth tens of millions of pounds, is expected to be announced this week when the government launches its industrial strategy for the sector in Birmingham on
  
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• Lessons on austerity from all over Europe | Letters

  27-08-2017 18:48
  Portugal’s PR vote system put it on the right path, says Dee Searle; Greece shows that political perspectives alone don’t cut it, says Elspeth Geronimos; the UK economy was recovering under Labour in 2009-10 but Cameron and Osborne blew it, says David Butler; don’t forget Iceland, says John AirsMany of the anti-austerity policies that have led to a revival of Portugal’s economy (The lie is nailed – there is an alternative to austerity, 24 August) did not actually or
  
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• Should the rich be taxed more? A new paper shows unequivocally yes | Larry Elliott

  27-08-2017 13:00
  Measuring tax paid against share of income earned and wealth owned reveals the US tax system has become less progressive – and in Britain it is a similar pictureDenis Healey never actually said he intended to squeeze the rich until the pips squeaked. The man who would soon be Labour chancellor was referring solely to property speculators when he made the remark during the February 1974 election campaign.But the rich knew full well that Healey was coming for them, too. At the previous year&
  
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• UK's Labour backs staying in EU's single market after Brexit - Financial Post

  27-08-2017 12:28
  Financial Post
  UK's Labour backs staying in EU's single market after Brexit
  Financial Post
  *Ford cars wait for deployment after arrival by ship at the Ford Dagenham diesel engine plant in London, Friday, July 21, 2017. Ford's Dagenham diesel engine plant is a marvel of mechanization _ a steel and chrome hangar full of LED lighting, robots ...en meer »
  
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• The EU is not the enemy of the state. Time to think again on Brexit

  27-08-2017 08:00
  Labour has a golden opportunity to capitalise on the strong pro-European feelings of the youngWhen I referred in my last column to Chancellor Philip Hammond as the only grown-up minister in this chaotic cabinet, I was unaware that he had just put his name to a joint article in the pro-Brexit Sunday Telegraph with his arch-foe Liam Fox, making the following statement: “We respect the will of the British people – in March 2019 the United Kingdom will leave the European Union. We will l
  
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• Damage limitation as I try to find out why Uber sent me £110 car ‘cleaning bill’

  27-08-2017 08:00 via theguardian.com
  After an uneventful journey home, it claims the seat was stained and the picture it sent was meaninglessI got an Uber car home and it was a completely uneventful trip. The next morning an email from Uber said there had been an incident that required the car to be cleaned and that it had taken £110 from my account. When I disputed the claim it sent a picture of a stained car seat and I received notification, via the app, that the case had been resolved. I’m getting no replies by email
  
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• City pay still out of proportion a century after JM Keynes complained

  27-08-2017 08:00
  Theresa May vowed to crack down on corporate excess last year, but the influential economist would be dismayed at how little is actually being done“How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?” Given that John Maynard Keynes asked that question in 1913, the answer is: “At least 104 years, JM old son.” Fat cat pay was a toxic issue
  
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• World leaders need to take centre stage and shove central bankers into the wings

  27-08-2017 07:59
  As it is all countries are relying on low interest rates to keep their economies moving, and no one is doing anything about investing or real growthCentral bankers were back in the spotlight this weekend as some of the biggest names gathered in the US ski resort of Jackson Hole.Investors were hopeful of a sign from Federal Reserve boss Janet Yellen and Mario Draghi, the head of the European Central Bank, to illuminate the future path of interest rates in their respective jurisdictions. Continue
  
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• Cutting tuition fees in half would be fairer than abolishing them | Letters

  27-08-2017 01:05
  Students and the nation would benefit equallyYou report on the debts facing graduates who have taken out loans to cover tuition fees (“Getting to grips with a £32,220 student debt…”, Personal finance, last week). A recent Institute for Fiscal Studies report puts the average debt at over £50,000.Jeremy Corbyn has committed a future Labour government to scrapping tuition fees, arguing that the state should pay for all students on the grounds that university education
  
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• Summer transfer window: Premier League clubs set to break £1.38bn season spending record

  27-08-2017 01:01 via feedproxy.google.com
  PREMIER League football clubs are on track to break the £1.38billion transfer spending record for an entire season, new figures from accountancy giant Deloitte show.
  
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• PPI claim deadline: FCA start awareness campaign as countdown begins

  27-08-2017 01:01 via feedproxy.google.com
  THE two-year countdown for claiming compensation for being mis-sold payment protection insurance starts on Tuesday and to mark the occasion, the Financial Conduct Authority will unveil a new advertising campaign to make sure people file their claims before the deadline.
  
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• Millions of Brits sitting on forgotten pension pots worth £800bn

  27-08-2017 01:01 via feedproxy.google.com
  MILLIONS of Britons are unaware that they are collectively sitting on pensions worth £800billion from their former employers’ final salary schemes, according to new research from insurer Royal London.
  
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• Firms await new code of best practice as Government cracks down on corporate excess

  27-08-2017 01:01 via feedproxy.google.com
  THE Government is set to unveil new safeguards that it claims will prevent privately owned firms from collapsing, such as BHS, as part of its long- awaited crackdown on corporate excess.
  
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• Ethical investment funds: Five-minute guide to moral money management

  27-08-2017 01:01 via feedproxy.google.com
  THE QUESTION has divided mankind for thousands of years: is it possible to get rich without getting your hands dirty?
  
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• Cyber crime reaching epidemic proportions as fraud becomes most common crime in UK

  27-08-2017 01:01 via feedproxy.google.com
  CRIME is a blight on everybody’s lives but the biggest danger is not violence, street theft or burglary, but something far more insidious.
  
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• Amazon will offer students FREE six-month trial of its Prime Student service

  27-08-2017 01:01 via feedproxy.google.com
  AMAZON is to offer students a six-month free trial of its Prime Student subscription service, ahead of the start of the new academic year.
  
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