Financial news

• Whiz-kids at work on consumer credit are too clever by half

  30-09-2017 20:00
  The physics graduates who brought the financial world to its knees in 2008 have been busy again – is a similar catastrophe likely?A warning from the Bank of England last week that the banking sector could lose as much as £30bn in unpaid debt from credit cards, personal loans and car finance if interest rates and unemployment were to rise sharply was only the latest shot across the industry’s bows.During the summer months individual central bank executives made speeches to that
  
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• Monarch given 24-hour extension to its licence to sell package holidays

  30-09-2017 19:50
  British low-cost airline and holiday company in process of renewing its Air Travel Organiser’s LicenceMonarch has been granted a 24-hour extension to its licence to sell package holidays. The low-cost airline and holiday company had a deadline of midnight on Saturday 30 September before its Air Travel Organiser’s Licence (Atol) expired. This allows the firm to sell Atol-protected holidays. The Civil Aviation Authority (CAA) said: “We can confirm that Atol protection will remain
  
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• Trump clips Britain’s wings as Tories put faith in free-trade deals

  30-09-2017 17:00
  The problems of Bombardier in Belfast show the risk for the UK in going it alone just as the world is becoming more protectionistEddie McFall has spent 18 years working at Bombardier’s Belfast factory, most recently on the C-Series plane at the heart of the firm’s high-profile trade dispute in the US.McFall said the mood on the shop floor was “surprisingly good”, despite the US commerce department’s plan to slap a 219% tariff on sales of the C Series to Delta Air Li
  
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• Ryanair ‘barring passengers from new compensation flight offer’

  30-09-2017 16:31
  Airline facing claims it issued refunds without telling customers they could switch airlinesRyanair was facing a fresh backlash on Saturday as customers complained they had been told they were ineligible for an improved compensation offer for cancelled flights.Among those affected by more than 20,000 flight cancellations, travellers who had initially opted for a refund on the cost of their Ryanair tickets complained of being, in effect, locked out of the airline’s expanded offer to rebook
  
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• Stamp duty 2017: Autumn Budget reforms urged as tax 'DRAGS on housing market'

  30-09-2017 13:41 via feedproxy.google.com
  STAMP duty takings by the Government surged last year, but slowing house prices are piling pressure on the Chancellor to make changes in the Autumn Budget.
  
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• Changes signalled to avoid Carillion derail after it plunged £1.15billion into the red

  30-09-2017 12:06 via feedproxy.google.com
  IT COULD take five years to rebuild the creaking construction business Carillion after it plunged £1.15billion into the red, its boss warned yesterday.
  
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• Catalan independence referendum: Vote triggers fresh fears for EURO

  30-09-2017 12:02 via feedproxy.google.com
  THE Catalan referendum over independence from Spain could spell disaster for the euro, experts have warned ahead of Sunday's vote.
  
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• Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond

  30-09-2017 11:54 via feedproxy.google.com
  THE Autumn Budget 2017 will happen on Wednesday November 22, as the major update on country's finances by chancellor Philip Hammond is switched from the Spring.
  
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• Black Friday 2017: The date when shoppers will get Amazon, Argos, Tesco best deals

  30-09-2017 11:29 via feedproxy.google.com
  BLACK Friday, the shopping extravaganza when the likes of Amazon and Argos and big name retailers launch limited sales ahead of Christmas, falls on November 24 2017.
  
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• Mortgage warning: Repayments set to JUMP as rates forecast to rise above THREE per cent

  30-09-2017 11:20 via feedproxy.google.com
  MORTGAGE bills are set to jump and house prices will be hit as rates rise over the next two years, a top economist group has warned.
  
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• Pound FALLS against euro as Mark Carney's warns interest rates WILL rise soon

  30-09-2017 11:08 via feedproxy.google.com
  THE pound tumbled against the euro and dollar, after Bank of England Governor Mark Carney warned an interest rate rise is looming.
  
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• Tesco admits error over repackaging of returned Lidl chicken

  30-09-2017 10:16
  Retailer removes claim that Willow Farm chicken is ‘reared exclusively for Tesco’ after Guardian investigation finds otherwiseTesco has said it made a mistake when it described chicken sold under its Willow Farm brand as “reared exclusively” for the supermarket chain, after undercover footage of a processing plant showed packs of drumsticks returned by Lidl being repackaged as Willow Farm products.The UK’s biggest retailer has removed the claim that Willow Farm chic
  
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• Eurostar apologises after fault causes severe disruption

  30-09-2017 09:58
  Hundreds lefts stranded after suspension of high-speed train service for three hours on Friday afternoonEurostar services between London and mainland Europe were severely disrupted on Friday following signalling problems in the Channel tunnel, leaving hundreds of passengers stranded. The high-speed train service was suspended for about three hours on Friday afternoon due to a signalling fault at the Eurotunnel Folkestone terminal, causing 10 cancellations and major delays between London, Paris,
  
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• The financial myths surrounding divorce - AOL UK Money - AOL UK

  30-09-2017 09:11
  AOL UK
  The financial myths surrounding divorce - AOL UK Money
  AOL UK
  Relationships can be rocky and if things don't work out there is a long and bumpy road leading to divorce. See also: Jobs with the highest divorce rates See also: ...en meer »
  
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• Wolf of Wall Street's Jordan Belfort: 'The lessons of the crash have been forgotten'

  30-09-2017 08:00
  The convicted fraudster who inspired Martin Scorsese’s film of Wall Street excess is back with a new book and a warning that a big market correction is on the wayThe Wolf of Wall Street forgives but he never forgets. Ten years ago when I last met Jordan Belfort, convicted criminal, aspiring author and shortly to be a man at the center of a fierce bidding war for his biography, I suggested his hair was “the sort of dark brown that only passes for natural in LA”. Also his skin wa
  
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• Spend £1.60 for 35% off Harry Potter books? When share perks are fun …

  30-09-2017 08:00
  Buying just one share of some brands could give you hefty discounts on purchases from books and toys to clothes and pub mealsLots of us love sniffing out a bargain and rooting around online for discount codes and money-off vouchers. However, some household-name companies reserve their biggest and best discounts for shareholders – and in some cases you can access these deals by buying just one share, which might cost as little as a pound or two.For example, owning a single share in Harry Po
  
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• How do I find a good financial adviser?

  30-09-2017 08:00
  I have a £30,000 inheritance and need advice on where best to invest itEvery 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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• From passion to profit: turn your hobby into a business

  30-09-2017 08:00
  Earning money from doing what you love is something a lot of us aspire to. We speak to five people actually living the dreamWhen Hannah Dale was made redundant at the start of the 2007 financial crisis she was three months pregnant. “I had little money, my mother was diagnosed with cancer and soon I had a baby to look after,” she says. Her hobby, watercolour painting, gave her a much-needed feeling of release. “I could switch off my brain when I painted. It was therapeutic and
  
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• ‘I got back from holiday to find BT giving away my phone number’

  30-09-2017 07:00
  An address mix-up meant one customer almost had their landline cut off – and it could easily happen to youCan BT cut off your home phone and give your number to someone else without your consent? You might have assumed a telecoms firm could only do this if you had consistently refused to pay your bill or committed some other transgression. However, it has emerged that if you are unlucky enough to be on the receiving end of an address mix-up, this is exactly what can happen to you.Derek Web
  
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