Financial news

• The UK Is Facing Another Financial Setback Because Of Brexit - The Denver Channel

  23-09-2017 22:26
  The Denver Channel
  The UK Is Facing Another Financial Setback Because Of Brexit
  The Denver Channel
  As the U.K. prepares to exit the European Union, its international financial standing is getting worse. Credit firm Moody's downgraded the U.K.'s credit rating from Aa1 to Aa2. That means the country will likely deal with higher interest rates because ...
  Moody's downgrades UK's rating on Brexit and growth fearsFinancial Expressalle 109 nieuwsartikelen »
  
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• Relief for British apple growers as Tesco relaxes its 'blemish-free' rules

  23-09-2017 17:54
  Growers faced having to dump crop after low temperatures in April resulted in ‘frost ring’ on otherwise perfectly good fruitBritish growers will be spared from being forced to dump hundreds of tons of apples after a supermarket relaxed its rules on “blemish-free” fruit.Growers faced the prospect of having to throw away apples from this autumn’s crop after an unseasonal frost caused unsightly blemishes on otherwise perfectly good fruit. The Bramley cooking apple crop
  
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• Transport chaos looms as rail unions widen strikes over driver-only trains

  23-09-2017 17:00
  Carefully planned walkouts will cause commuter misery next month, as the government and train operators try to save moneyPity British commuters this autumn. In southern England, Merseyside, East Anglia and the east coast main line they will face a wave of disruption after strikes were announced for Tuesday 3 October and Thursday 5 October. London Underground will also face disruption on the later date.Privately, the rail workers’ union, the RMT, and drivers’ union Aslef believe they
  
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• Cancellations and staffing crises – is Ryanair losing height at last?

  23-09-2017 17:00
  The quixotic Irish carrier is handling a humiliating problem badly. But it is also the largest airline in Europe, and has the resources available to put things rightRyanair passengers unhappy with the Irish airline’s no-frills service can usually expect little sympathy, and sometimes public scorn, from its chief executive. Michael O’Leary revels in a self-drawn image as the enfant terrible of aviation, whether it’s calling passengers “stupid” or giving them short sh
  
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• Treasury criticises Moody's after UK credit rating is downgraded

  23-09-2017 15:03
  Credit ratings agency warns hard Brexit would damage economy’s long-term health hours after Theresa May’s Florence speechThe Treasury has hit back at warnings by the credit ratings agency Moody’s that the likelihood of a hard Brexit and a squeeze on the public finances would damage the UK economy’s long-term health. Announcing its decision just hours after Theresa May gave her speech in Florence on the government’s Brexit strategy, the ratings agency said it had cut
  
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• Brixton's Ritzy cinema workers to strike as pay row enters second year

  23-09-2017 12:16
  Members of Bectu union to walk out for 24 hours as dispute over wages spreads to several other Picturehouse venuesWorkers at the Ritzy cinema in Brixton, south London, will go on strike again on Saturday as a dispute over pay enters its second year. Members of the Bectu union will walk out for 24 hours. The row has since spread to several other Picturehouse cinemas in London and Brighton. Continue reading...
  
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• Chinese group blocked by Trump announces UK chip-maker buyout

  23-09-2017 11:51
  Canyon Bridge to make £550m all-cash offer for Imagination, whose graphics chips have been used in Apple’s iPhone A Chinese group that was stopped by Donald Trump from buying a US chip-maker last week has announced a £550m takeover of British chip designer Imagination Technologies.Canyon Bridge Capital Partners’ all-cash offer for Imagination showed the buyout fund remained focused on investing in western chip-makers after its $1.3bn (£960m) deal to buy Lattice Semi
  
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• You hate Ryanair – but you will fly it again

  23-09-2017 08:00
  The recent flights fiasco has upset travellers, but low prices mean they will keep on coming backHere are just a few of the hashtags that sprouted up on Twitter as Ryanair’s flights fiasco exploded on the internet: #BoycottRyanair, #ryanairareshit, #IhateRyanair, #RyanairAreRubbish, #RyanairNightmare, #1stflightonRyanairneveragain, #RyanairFails, #goodbyeRyanair. I could probably fill this whole column with variations on the theme.But you won’t say goodbye to Ryanair. You’ll fl
  
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• The foolproof way you can stop ID fraud

  23-09-2017 08:00
  Former GCHQ worker Jamie Jamieson has put a ‘notice of correction’ on his credit file requiring a thumbprint for all credit applicationsIdentity theft has reached epidemic levels, but a retired GCHQ worker has taken matters into his own hands, literally, with what he claims is a foolproof way of beating fraudsters. Jamie Jamieson uses his thumbprint to protect himself from ID thieves and suggests anyone worried about falling victim to this crime should follow his example.His sys
  
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• The £230-a-year marriage allowance you could be missing out on

  23-09-2017 08:00
  The tax allowance came into effect in April 2015 and so far £1.3bn hasn’t been claimed – but applying online is easyIs there £662 out there with your name on it? Two million couples have failed to claim their share of £1.3bn of marriage allowance cash, it has emerged. Yet getting hold of this money – much of which would be sent to you in the form of a cheque – is simple and takes just a few minutes, so every couple should check whether they might be elig
  
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• Are online promo codes worth using any more?

  23-09-2017 08:00 via theguardian.com
  None seem to be exceptional, but perhaps I’m missing somethingEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• Direct Line, why has my home insurance gone up by 442% in one year?

  23-09-2017 07:59
  The firm’s new tool for assessing flood risk could see home premiums soar, as one readerwith a £1,000 policy discoveredWhen Paul Barlow from south London opened his latest home insurance renewal quote from Direct Line, he was staggered by the increase in the premium. The year before the insurer had charged just £189 for his property: a ground-floor, two-bed flat he rents out in Bermondsey, near Tower Bridge. But this year it wanted £1,025 – an increase of 442%. When
  
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• Uber stripped of London licence due to lack of corporate responsibility

  23-09-2017 02:02
  US ride-hailing company to appeal against ruling but new chief executive admits it is the ‘cost of a bad reputation’Uber has been stripped of its London licence in a surprise move that dealt a serious blow to one of Silicon Valley’s fastest rising companies and sparked an outcry from a coalition of customers, government ministers and drivers at the ride-hailing company.The firm’s application for a new licence in London was rejected by Transport for London on the basis tha
  
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• Factory orders fall due to rising import costs and Brexit uncertainty

  23-09-2017 00:48
  The CBI said its monthly survey of manufacturers revealed a slowdown in orders driven by the food and drink sectorBritish factory orders grew in September at their weakest rate since April as rising import costs and uncertainty surrounding Brexit negotiations dented business confidence.The CBI said its monthly survey of manufacturers revealed a slowdown in orders that dragged back its measure for new contracts to +7 from +13 in August. Continue reading...
  
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• Britain's credit rating downgraded over Brexit and state of public finances

  23-09-2017 00:05
  Moody’s knocks UK’s rating down again, from Aa1 to Aa2, after being the first major credit ratings agency to deprive UK of AAA rating following Brexit voteBritain’s credit rating has been downgraded a further notch, with Moody’s saying the government’s plans to fix the public finances had been knocked off course and Brexit would weigh on the economy.The ratings agency, which was the first major credit ratings agency to strip Britain of its top-notch AAA rating in 20
  
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