Financial news

• British Airways risks strike action over plans to curb pension benefits

  07-09-2017 20:31 via theguardian.com
  Unite and GMB unions make veiled threat after airline proposes overhaul to limit payouts from defined benefits schemeBritish Airways could face further industrial action, this time over plans to curb retirement benefits for 17,000 pension scheme members, a move unions say would have consequences for the carrier.The airline is proposing an overhaul that would limit retirement payouts from its defined benefit scheme (Naps). It blamed low interest rates and rising life expectancy for an increase in
  
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• UK insurance payouts to shrink after U-turn on lump sum formula

  07-09-2017 19:13 via theguardian.com
  Hefty rises in car insurance premiums will level off as industry backlash forces government to revise Ogden rate changesIncreases in payouts to victims of car crashes and botched operations are to be scaled back after a furious backlash by the insurance industry against Ministry of Justice plans. In a significant U-turn by ministers, changes to the so-called “Ogden rate” used to calculate compensation payouts are to be revised, after insurers said they would inflate car insurance pre
  
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• UK And Singapore Hold Third Financial Dialogue - Exchange News Direct

  07-09-2017 18:30
  UK And Singapore Hold Third Financial Dialogue
  Exchange News Direct
  The United Kingdom (UK) and Singapore held the third UK-Singapore Financial Dialogue in Singapore today. Both sides exchanged views on domestic and international financial market developments and covered a broad range of areas encompassing the ...
  
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• Jaguar Land Rover to make only electric or hybrid cars from 2020

  07-09-2017 17:11 via theguardian.com
  Carmaker follows Volvo in spelling an end for petrol or diesel-only cars, despite not making any electric vehicles at presentJaguar Land Rover has become the latest large carmaker to say it will stop launching new models solely powered by internal combustion engines, two months after Volvo pledged to do so.The UK-based manufacturer promised that all new models from 2020 will be fully electric or hybrid, a year later than Volvo’s target, but a big step beyond its unveiling last November of
  
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• Brexit negotiators remain at odds over UK's financial settlement - Luxemburger Wort - English Edition

  07-09-2017 17:03
  Luxemburger Wort - English Edition
  Brexit negotiators remain at odds over UK's financial settlement
  Luxemburger Wort - English Edition
  The chief Brexit negotiators disagreed on Thursday about the financial settlement the UK will have to pay when it leaves the European Union, expected to happen in March 2019. The costs stem from a seven-year funding agreement among the current 28 EU ...en meer »
  
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• EU Official 'Disappointed' By UK Financial Settlement Stance - Law360 (subscription)

  07-09-2017 17:02
  EU Official 'Disappointed' By UK Financial Settlement Stance
  Law360 (subscription)
  Law360, London (September 7, 2017, 3:54 PM BST) -- The chief Brexit negotiator for the European Union said Thursday he is "very disappointed" by the U.K.'s reversal on its budget commitments for the bloc, in another warning that if the settlement ...
  
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• When your car keys are your debit cards, plus a towering surreal estate

  07-09-2017 16:03 via theguardian.com
  Also, how students are struggling with debt and why eBay has a fraud problem• 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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• Pains and needles: brain scans point to hidden effects of acupuncture

  07-09-2017 15:00 via theguardian.com
  Placebo acupuncture can ease short-term pain but the real thing might help to reverse the underlying pathology of a diseaseDoctors in China have been pushing needles into patients’ skin, supposedly to restore the flow of healing “qi energy”, for more than 4,000 years. Sometimes it feels as though researchers in the west have been arguing about the practice for almost as long. After more than 3,000 clinical trials of acupuncture, many scientists are convinced that despite the be
  
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• UK government begins fight to pass key Brexit bill - Financial Post

  07-09-2017 14:38
  Financial Post
  UK government begins fight to pass key Brexit bill
  Financial Post
  Britain's Prime Minister Theresa May leaves 10 Downing Street to attend the weekly Prime Ministers' Questions session, in parliament in London, Wednesday, Sept. 6, 2017. (AP Photo/Frank Augstein). The Associated Press. September 6, 2017 4:47 AM EDT.en meer »
  
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• The Latest: EU voices concern over UK's stance on Ireland - Financial Post

  07-09-2017 13:27
  The Latest: EU voices concern over UK's stance on Ireland
  Financial Post
  The EU's chief Brexit negotiator Michel Barnier says Britain's stance on issues relating to Ireland is worrisome and that a solution to the border issue will require a “unique” solution. Progress on the Irish border is one of the three items of ...en meer »
  
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• Maintenance debt weighs on my mind as a poorer student

  07-09-2017 12:59 via theguardian.com
  Why should working-class students end up with more debt than the better-off?As a white, working-class male, I was unlikely to make it into higher education. Yet here I am, studying for a degree in politics. And you know what? I don’t mind so much paying £9,250 a year for the privilege. Scrapping tuition fees has been the subject of fierce debate recently but for me, they’re not even the biggest problem. Related: The party’s over – how tuition fees ruined university
  
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• Pukka tea firm vows to stay ethical as PG Tips owner takes it over

  07-09-2017 12:50 via theguardian.com
  Bristol-based brand says Unilever will help it expand globally amid rising demand for upmarket organic brewsUnilever, owner of PG Tips and Liptons, is increasing its presence in the herbal tea market by acquiring Bristol-based Pukka Herbs.Sebastian Pole and Tim Westwell, founders of the brand known for its exotic flavours such as turmeric gold and mint matcha as well as cleansing and detox teas, have sold the business to Unilever for an undisclosed sum. The pair have agreed to stay on to help dr
  
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• UK house prices rising amid shortage of properties, says Halifax

  07-09-2017 10:42 via theguardian.com
  Mortgage lender says employment growth may also have boosted prices, although consumers are facing squeezeUK house price growth unexpectedly picked up last month, underpinned by strong employment growth and a shortage of properties on the market, according to Britain’s biggest mortgage lender.The average price of a house rose by 1.1% to £222,293 in August, said Halifax, which is owned by Lloyds Banking Group. Prices in the three months to August were 2.6% higher than a year earlier,
  
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• Tech City UK calls for start-ups for financial inclusion challenge - Banking Technology

  07-09-2017 10:32
  BQ Live
  Tech City UK calls for start-ups for financial inclusion challenge
  Banking Technology
  Tech City UK is looking for start-ups for a competition to find the best products and services from the fintech sector that promote financial inclusion. As part of the UK Government's Digital Strategy, the Department for Digital, Culture, Media and ...
  Tech City UK Launches Nationwide Hunt for Innovative Fintech Solutions to ...Business Wire (press release)alle 4 nieuwsartikelen »
  
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• Zoopla is buying financial comparison site Money.co.uk in deal worth up to £140 ... - Yahoo Finance UK

  07-09-2017 09:25
  Zoopla is buying financial comparison site Money.co.uk in deal worth up to £140 ...
  Yahoo Finance UK
  LONDON — Zoopla Group is branching out further from its traditional business of house listings with the acquisition of financial comparison website Money.co.uk. ZPG, Zoopla's parent group, announced on Thursday that it has reached a deal to buy ...
  
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• UK's Financial Conduct Authority On Fair Treatment Of Long-Standing ... - Exchange News Direct

  07-09-2017 08:23
  UK's Financial Conduct Authority On Fair Treatment Of Long-Standing ...
  Exchange News Direct
  On 3rd March 2016 the Financial Conduct Authority announced investigations into six firms as a result of its thematic review into the fair treatment of long-standing customers. The FCA has today announced that the investigation into Police Mutual has ...en meer »
  
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• I tried to phone Amazon but the premium rate left me feeling robbed

  07-09-2017 07:59 via theguardian.com
  I’ve been told I am not entitled to a refund because the number I dialled is not operated by AmazonI ordered three books from Amazon in June. Two arrived as expected, but the third was not the book I’d ordered. I found a number for Amazon – 0903 708 4026 – and called it several times to resolve the problem. On 30 July my phone was cut off. My service provider told me I had exceeded my upper limit making the calls, which amounted to £155.87.Continue reading...
  
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• At £4.40, Surrey becomes most expensive place in UK to buy a pint

  07-09-2017 01:01 via theguardian.com
  Traditionally wealthy county overtakes London in 2018 Good Pub Guide, the first time the capital has not topped the list for rip-off beer pricesSurrey has overtaken London as the most expensive place in the UK to buy a pint, according to the latest Good Pub Guide.Despite the fact that a beer in the capital costs £4.20 on average, drinkers can expect to pay 20p more in the traditionally well-off county, where house prices are twice the UK average.Continue reading...
  
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