Financial news

• ​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson

  29-08-2017 19:13 via theguardian.com
  A recent price dip could mean a slump is on the way, but examples such as Dublin show this might not be good for the economyNationwide recorded a tiny dip in house prices in August, with the average property falling in value by 0.1%. It’s important to point out that the typical home is still selling for 2.1% more than last August, but this is nonetheless a marked slowdown, and one that exposes a sharp rift between two opposing camps in the property market.The “priced out” gener
  
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• Jardine of London’s luxury handbags show British craft at its best

  29-08-2017 19:08 via feedproxy.google.com
  THERE’S something about Mary Jardine’s luxury leather handbags – not least that all the designer beauties are all made in Britain.
  
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• Hasta la vista, PPI! Schwarzenegger fronts FCA's £42m campaign

  29-08-2017 18:25
  Robotic head modelled on star features in watchdog’s ads pointing out chance to claim will terminate after 2019 deadlineThe UK’s financial watchdog is to launch a £42m campaign featuring a model of the Terminator star, Arnold Schwarzenegger, to raise awareness of the deadline for making complaints about payment protection insurance.The Financial Conduct Authority’s ad campaign, which is being paid for by the 18 banks, building societies and credit card providers with the
  
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• Oil prices and dollar fall amid Hurricane Harvey devastation

  29-08-2017 17:01 via feedproxy.google.com
  OIL prices have fallen after Hurricane Harvey was downgraded to a tropical storm, with crude tumbling almost 0.5 per cent.
  
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• Sky stops broadcasting rightwing US channel Fox News in UK

  29-08-2017 17:00
  Sources say decision to stop broadcasting controversial channel is not connected to Fox’s £11.7bn takeover bid for SkyRupert Murdoch has taken the rightwing US channel Fox News off the air in the UK after 15 years.His US media group 21st Century Fox said it would withdraw Fox News from Sky in the UK on Tuesday because it no longer regarded the service as commercially viable. Continue reading...
  
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• Gold price SOARS as North Korea's latest missile strike spooks investors

  29-08-2017 16:42 via feedproxy.google.com
  GOLD'S price has jumped as worries over North Korea sparking World War Three hit new highs.
  
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• PPI claim deadline: How to get a refund on policies - even if you weren't mis-sold

  29-08-2017 16:33 via feedproxy.google.com
  MIS-SOLD Payment Protection Insurance claims must be made by August 29 2019, after the regulator introduced a deadline for complaints to be filed.
  
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• UK financial watchdog hires The Terminator for ad campaign - Minneapolis Star Tribune

  29-08-2017 16:20
  UK financial watchdog hires The Terminator for ad campaign
  Minneapolis Star Tribune
  Arnold Schwarzenegger is helping Britain's financial regulator urge consumers to file claims if they were improperly sold payment protection insurance on loans and credit cards. Schwarzenegger appears in a Financial Conduct Authority ad publicizing the ...en meer »
  
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• UK financial watchdog hires The Terminator for ad campaign - ABC News

  29-08-2017 16:16
  UK financial watchdog hires The Terminator for ad campaign
  ABC News
  Arnold Schwarzenegger is helping Britain's financial regulator urge consumers to file claims if they were improperly sold payment protection insurance on loans and credit cards. Schwarzenegger appears in a Financial Conduct Authority ad publicizing the ...en meer »
  
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• UK financial watchdog hires The Terminator for ad campaign - Seattle Times

  29-08-2017 16:15
  UK financial watchdog hires The Terminator for ad campaign
  Seattle Times
  Arnold Schwarzenegger is helping Britain's financial regulator urge consumers to file claims if they were improperly sold payment protection insurance on loans and credit cards. Schwarzenegger appears in a Financial Conduct Authority ad publicizing the ...en meer »
  
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• It is the Quarry – in pictures

  29-08-2017 16:00 via theguardian.com
  A fixer-upper in Lancaster of some size and potential, all yours for £270,000 Continue reading...
  
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• Does the help-to-buy scheme really offer the best rates?

  29-08-2017 15:26 via theguardian.com
  I’ve offered my daughter a loan but she thinks the government scheme will be a better bet
  Q My daughter is a first-time buyer and wants to use the government’s help-to-buy scheme even though I have offered to give her £50,000 as a deposit on a £200,000 house. She thinks rates are better with help to buy. Is this true? MSA No – quite the reverse judging by the mortgage lenders I’ve looked at. Continue reading...
  
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• UK Financial Watchdog Probes Mitie Over Timing of Profit Warning - New York Times

  29-08-2017 15:12
  Investing.com UK
  UK Financial Watchdog Probes Mitie Over Timing of Profit Warning
  New York Times
  (Reuters) - Britain's financial watchdog has launched an investigation into Mitie over its 2015-16 results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes. The provider ...
  UK financial watchdog investigates Mitie over September profit warningInvesting.com UKalle 49 nieuwsartikelen »
  
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• Pensions take a bite out of UK company profits - Financial News (subscription)

  29-08-2017 15:00
  Pensions take a bite out of UK company profits
  Financial News (subscription)
  Pension funds continue to weigh on the UK's largest listed companies as deficits threaten to overshadow profits, according to recent figures. Separate reports published today by actuaries and consultants Barnett Waddingham and JLT Employee Benefits ...en meer »
  
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• House prices tumble as stamp duty hits record high

  29-08-2017 13:59 via feedproxy.google.com
  HOUSE prices fell in August as stamp duty takings hit fresh highs, raising new fears the tax is hitting the UK's property market.
  
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• Pret A Manger to offer 25p discount to customers who bring their own reusable cups

  29-08-2017 13:15 via feedproxy.google.com
  PRET A Manger is offering discounts to customers who opt not to use paper cups.
  
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• Pound V euro: GBP at eight-year low as German consumer confidence rises

  29-08-2017 12:15 via feedproxy.google.com
  THE pound tumbled close to a new eight-year low against the euro this morning as the latest consumer confidence data from Germany saw yet another rise in sentiment.
  
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• Delio selected as only UK fintech to join Dubai financial services accelerator - BQ Live

  29-08-2017 11:51
  BQ Live
  Delio selected as only UK fintech to join Dubai financial services accelerator
  BQ Live
  Welsh fintech firm Delio has been the only UK firm selected to join a first-of-its-kind accelerator programme in Dubai. The accelerator programme, launched in collaboration with Accenture and Fintech Hive at The Dubai International Financial Centre ...en meer »
  
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• UK pay policies should be stronger, says pensions body - Financial News (subscription)

  29-08-2017 11:13
  UK pay policies should be stronger, says pensions body
  Financial News (subscription)
  The government's new plans to force listed UK companies to disclose the pay gap between bosses and ordinary workers do not go far enough, according to the body representing the country's pension funds. Business secretary Greg Clark is expected to ...en meer »
  
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• POUND LIVE: Pound sinks against the euro as markets expect Brexit 'to be a SHAMBLES'

  29-08-2017 10:16 via feedproxy.google.com
  THE pound has fallen further against the euro, fuelling fears sterling could soon reach parity against the eurozone currency amid the latest Brexit talks.
  
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• Markets slide after North Korea fires missile over Japan - business live

  29-08-2017 09:44
  Investors cautious as tensions rise again, while oil recovers after Hurricane Harvey 8.39am BSTThe rise of gold through the $1300 an ounce barrier - which had proved resistant for some while - is likely to lead to continued support for the precious metal, analysts believe. Hussein Sayed, chief market strategist at FXTM, said:Gold seems to have benefited from the tensions [following the North Korea missile launch], currently trading at a nine-month high. However, most of the gains in the precious
  
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• North Korea's latest missile sends FTSE 100 and world markets CRASHING as gold prices soar

  29-08-2017 09:26 via feedproxy.google.com
  STOCK markets have plunged after North Korea fired a missile over Japan, with the FTSE 100 crashing more than one per cent, amid rising fears of world nuclear war.
  
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• House price fall renews concern over cooling UK economy

  29-08-2017 09:15
  Average price of a home fell 0.1% between July and August as pressure mounts on household finances, says NationwideUK house prices dipped this month, dragging down the annual growth rate, in further evidence of a cooling market.The average price of a home fell 0.1% between July and August to £210,495, according to Nationwide, Britain’s biggest building society. Prices rose in July and June but fell between March and May, the first time this had happened since the financial crisis. Co
  
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• Tattooed avocados and shampoo bars: the businesses curbing plastics waste

  29-08-2017 08:00
  Excess or unnecessary packaging is being shunned by forward-thinking firms. Here are some examples of progressPlastic-wrapped bananas and the ‘kiwi spoon’: your packaging peevesThe first global analysis of all mass–produced plastics refers to the “near-permanent contamination of the natural environment with plastic waste”.From shops offering individually-wrapped bananas to apples packaged in tubes, plastic is everywhere. And news that fish are mistaking plastic debr
  
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• Plastic-wrapped bananas and the 'kiwi spoon': your packaging peeves

  29-08-2017 08:00
  We asked readers to share their photos of businesses missing the mark when it comes to plastic packagingTattooed avocados and shampoo bars: the businesses curbing plastics wasteSent via GuardianWitness By Stefanie Barthelmess3 August 2017, 11:32 Continue reading...
  
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• Introducing the next generation of music makers

  29-08-2017 08:00
  The founders of Jukedeck, a startup that uses AI to write music, say musicians have been surprisingly supportive of the technologyWhen they met as choir boys, aged eight, Patrick Stobbs and Ed Newton-Rex didn’t imagine that their friendship would one day lead to the creation of a song-writing robot. Ten years later, the co-founders of Jukedeck, which provides artificial intelligence (AI) that can compose and adapt music, reunited as students at Cambridge University. Their enterprise began
  
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• I wanted a refund for an ‘exploding’ table, but Argos shattered the idea

  29-08-2017 08:00
  Our Sicily table disintegrated and I understood it was a common faultI bought a glass-topped garden patio table from Argos in Banbury in April, but in July the top suddenly “exploded” on a sunny day, shattering into pieces for no apparent reason. This was potentially dangerous – luckily no one was hurt – and, of course, the table is unusable. So far Argos “customer care” is insisting this is “accidental damage” rather than a manufacturing fault. Ho
  
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• Men still dominate managerial positions. The excuses are running out | Greg Jericho

  29-08-2017 02:58
  Across all industries, even those with a majority female workforce, men make up the bulk of managers. Participation rates can’t account for the differenceNew data from the Australian Bureau of Statistics reveals that management of Australian businesses is dominated by men to an extent that far outweighs the level of men and women in the total workforce. Given the increased number of women staying in the workforce through their 20s and 30s, the reasons for such a disparity are quickly fadin
  
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• Pension deficit of UK's leading companies equivalent to 70% of their profits

  29-08-2017 01:01
  UK’s leading plcs have combined deficit of £62bn, with the percentage of their profits higher than in 2009 after financial crisisThe combined pension deficit of FTSE 350 companies has risen to £62bn, accounting for 70% of their profits.The deficit as a proportion of profits recorded for 2016 is higher than at any time since the financial crisis, following a £12bn rise since 2015. The 25% increase came in a second year of comparatively low profit for UK publicly listed com
  
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• Lack of skilled EU workers 'could choke UK growth post-Brexit'

  29-08-2017 01:01
  Manufacturers demand clarity on reciprocal rights of EU and UK workers, after job applications from EU fallManufacturers are demanding that the government provide urgent clarity on the future of EU workers’ rights, warning they will face shortages of skilled staff if they cannot recruit from Europe after Brexit. EEF, the manufacturers’ organisation, said a quarter of the firms it represents had seen job applications from the EU fall and 16% had seen more European workers quit since t
  
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• FTSE 350 companies' pension deficit rises to 70% of their profits

  29-08-2017 01:01
  UK’s leading plcs have combined deficit of £62bn, with the percentage of their profits higher than in 2009 after financial crisisThe combined pension deficit of FTSE 350 companies has risen to £62bn, accounting for 70% of their profits.The deficit as a proportion of profits recorded for 2016 is higher than at any time since the financial crisis, following a £12bn rise since 2015. The 25% increase came in a second year of comparatively low profit for UK publicly listed com
  
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• Companies must reveal pay disparity between boss and workers

  29-08-2017 01:01
  Businesses that are publicly listed in UK will be obliged to publish data as part of shakeup of corporate governance
  Companies that are publicly listed in the UK will be obliged to publish the pay ratio between their chief executive and their average British worker under government plans. Related: FTSE 100 executive pay falls by 19% ahead of controversial reforms, says DeloitteContinue reading...
  
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• Brexit helping drive new wave of UK takeovers in the retail sector, says ex-Waitrose boss

  29-08-2017 01:01 via feedproxy.google.com
  BREXIT is helping drive a fresh wave of UK takeovers in the retail sector as supermarkets consider deals that will help avoid price hikes amid surging inflation, the former boss of Waitrose said.
  
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