Financial news

• Chicken safety scandal: 2 Sisters faces parliamentary inquiry after revelations

  29-09-2017 20:12 via theguardian.com
  Commons committee to summon founder Ranjit Singh Boparan as three supermarkets suspend contracts and FSA launches investigationTop supplier of supermarket chicken fiddles food safety dates
  Blood, sweat and deceit at a UK poultry plantThe secretive ‘chicken king’: inside the Boparan empireThree of the UK’s biggest supermarket chains have halted deliveries of chicken from a factory belonging to the country’s biggest poultry supplier after undercover filming revealed poor hy
  
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• Baby boomers are enjoying a second bite of the economic cherry | Larry Elliott

  29-09-2017 18:30 via theguardian.com
  While older Britons have enjoyed two spending booms, millennials have been squeezed by flat incomes and rising housing costs
  Philip Larkin famously said life was never better than in 1963, between the end of the ban on Lady Chatterley and the first Beatles LP. The former poet laureate was wrong. As far as younger people were concerned, it was just the start of a spending boom that went on for the rest of the century. Related: Tories risk permanent loss of youth vote, says WillettsContinue readin
  
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• Let’s move to Boscastle, Cornwall: fine views and fishermen’s cottages

  29-09-2017 17:30 via theguardian.com
  Forget the flood of 2004: this little town has lost none of its power to delightWhat’s going for it? Some places are synonymous with unhappy events. But as time passes, the notoriety usually fades. (Who now remembers the 19th-century Penge Murders? Exactly.) Boscastle has recovered from the devastating flash flood that poured into the valley – gosh, was it really 13 years ago? No doubt the night of 16 August 2004 is still scoured on the memorie
  
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• UPDATE 1-Watchdog considers "interim" status for EU financial firms in UK - Reuters

  29-09-2017 16:23
  LeapRate
  UPDATE 1-Watchdog considers "interim" status for EU financial firms in UK
  Reuters
  LONDON, Sept 29 (Reuters) - Britain's regulators could grant interim permission for European Union investment and trading firms to continue operating in the UK after the country leaves the bloc in 2019. Andrew Bailey, chief executive of the Financial ...
  UK regulator increases support for new startersFinancial Standardalle 13 nieuwsartikelen »
  
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• Watchdog considers "interim" status for EU financial firms in UK - Reuters

  29-09-2017 15:17
  LeapRate
  Watchdog considers "interim" status for EU financial firms in UK
  Reuters
  LONDON (Reuters) - Britain's regulators could grant interim permission for European Union investment and trading firms to continue operating in the UK after the country leaves the bloc in 2019. Andrew Bailey, chief executive of the Financial Conduct ...
  UK regulator increases support for new startersFinancial Standardalle 13 nieuwsartikelen »
  
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• M&S, Aldi and Lidl suspend buying from chicken plant that fiddles kill dates

  29-09-2017 14:15 via theguardian.com
  Food Standards Agency, Tesco and Sainsbury’s investigate 2 Sisters Food Group plant after Guardian/ITV News storyThe chicken run: blood, sweat and deceit in a UK poultry plantThe secretive ‘chicken king’: inside the empire of Ranjit Singh Boparan
  Marks & Spencer, Aldi and Lidl have suspended buying chicken from 2 Sisters Food Group’s West Bromwich plant following a Guardian and ITV News investigation that found evidence it had tampered with food safety records.The mov
  
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• 'Don't just rely on NGOs': finding solutions to deforestation

  29-09-2017 11:28 via theguardian.com
  How can food companies stop contributing to deforestation? A panel of experts discussed solutions at a roundtable in New YorkCompanies’ ‘zero deforestation’ pledges: everything you need to knowHalf of the world’s rainforests have been felled in a century. If deforestation carries on at the same rate, they may be gone in 100 years. Food companies are a big part of the problem; agriculture is the largest single cause of forest loss. And they are also part of the solution, w
  
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• Portfolio career in the arts? You'll spend hours defending what you do

  29-09-2017 11:00 via theguardian.com
  Comedian, novelist, stadium announcer ... Caimh McDonnell finds his many jobs never seem to impress banks or insurance firmsHi, my name is Caimh, and I have a portfolio career problem. There should be a support group for people like me. I am a comedian, novelist, stadium announcer and writer for TV. Experience has taught me, when asked what I do for a living, lying is definitely the best way to go. There are only so many times a taxi driver can ask “have I heard of you?” before you s
  
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• Companies' ‘zero deforestation’ pledges: everything you need to know

  29-09-2017 10:41 via theguardian.com
  Corporations globally have made hundreds of commitments on deforestation. But what do these pledges really mean and why do scandals keep happening?Whether it’s the destruction of rainforest shared by elephants and orangutans in Sumatra to produce palm oil; reports linking fast food giants to the burning of tropical forests in Brazil and Bolivia; or the hundreds of thousands of hectares of tree cover loss per year in West Africa – the world’s forests are being razed to sate glob
  
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• Brexit: Mark Carney warns of potential 'financial damage' to UK households over ... - The Independent

  29-09-2017 10:34
  The Independent
  Brexit: Mark Carney warns of potential 'financial damage' to UK households over ...
  The Independent
  Mark Carney has warned that Brexit will hurt the UK economy and damage people's finances. During an interview on BBC Radio 4's Today Programme on Friday, the Bank of England governor said households could see “short-term damage” to their finances ...
  Former UK PM Brown warns of new financial crisis coming from AsiaDaily Sabahalle 97 nieuwsartikelen »
  
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• London house prices fall for first time in eight years as rest of UK rises

  29-09-2017 10:31 via theguardian.com
  Average price of home in capital is £471,761, down 0.6% between July and September compared with same period last yearLondon house prices fell for the first time year-on-year since the height of the financial crisis, underperforming the rest of the UK, Nationwide has said.The average price of a home in the capital is £471,761, down by 0.6% between July and September compared with the same period last year. It was the worst performance since the third quarter of 2009, when the UK econ
  
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• Theresa May under pressure to introduce price cap on energy bills

  29-09-2017 08:53 via theguardian.com
  Letter to prime minister signed by 192 MPs said move would protect millions of families on standard variable tariffsTheresa May has been urged to revive her election pledge to put a price cap on energy bills by more than 70 Conservative MPs who signed a cross-party letter to the prime minister before the party’s conference this weekend.In the letter to May and the business secretary, Greg Clark, MPs said the move would protect families on standard variable tariffs.Continue reading...
  
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• Ryanair is in crisis, but Michael O'Leary is barely facing any City scrutiny | Nils Pratley

  29-09-2017 08:17 via theguardian.com
  Even with 18,000 flights cancelled, almost nobody is asking if the outspoken chief executive is still the right person for the jobMichael O’Leary is a lucky man. As the Ryanair cancellation crisis has gone from bad to worse, despite the chief executive’s insistence that it wouldn’t, almost nobody is asking whether he is still the right person for the job.The question would be asked at most listed companies in Ryanair’s position. The second round of cancellations will affe
  
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• What I wish I could tell my boss: 'You worked me like a machine'

  29-09-2017 08:00 via theguardian.com
  The investment banker: working 20-hour days made me feel like a piece of gum that has been chewed up and mangledWhen I worked for you as part of a prestigious team at an investment bank, it never occurred to me to complain. There were long hours and a complete work-life imbalance, but I loved the good salary, the rush and the sense of achievement I got from structuring exotic deals. I was committed.Even when I witnessed the breakdown of a fellow associate who worked for you, the penny didn&rsquo
  
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• How to save money on going out

  29-09-2017 07:00 via theguardian.com
  Saving Money Week A trip to the cinema or theatre can be expensive, but here are some ideas to make your budget stretch furtherIt costs to take some time out. A ticket to the cinema for one person last year cost an average of £7.41 before any popcorn or drinks were taken into account, continuing a yearly increase from box offices. Going to the theatre, meanwhile, can really stretch the wallet – it was announced earlier this year that the cost of the best tickets for the Broadway hit
  
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