Financial news

• May's help-to-buy extension is another boon for housebuilders | Nils Pratley

  02-10-2017 21:29
  Throwing another £10bn at the subsidy scheme will do nothing to improve the UK’s underlying housing problemWhen former chancellor George Osborne launched his help to buy housing scheme in 2013, wise heads warned that, once a government starts subsidising mortgages, it will find it hard to stop.So it is proving. Another £10bn is to be thrown at help to buy, the government has said in a supposedly crowd-pleasing announcement. This is a 50% increase on the sum already spent. City
  
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• Monarch collapse: government denies it should have warned of airline's troubles

  02-10-2017 21:15
  Department for Transport defends actions as operation begins to repatriate 110,000 passengers and 1,858 staff lose jobsEverything you need to know about the Monarch collapseTell us how you have been affectedThe government has denied that Monarch Airlines customers should have been warned of the carrier’s financial troubles in the runup to its collapse, as an operation began to repatriate 110,000 passengers. Asked whether travellers should have been notified about over the problems –
  
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• Uber's UK boss quits as worldwide chief flies in for London licence talks

  02-10-2017 20:15
  Jo Bertram announces departure as CEO Dara Khosrowshahi arrives to meet Transport for London over licence lossThe Uber executive responsible for the UK has quit, as the company’s worldwide boss prepares to meet the head of the London transport authority in an attempt to get the firm’s licence reinstated.Uber said the resignation of Jo Bertram, the head of the company in northern Europe, was not related to the decision last month by Transport for London to strip it of its licence to o
  
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• Slinging mud: inside (and outside) the UK's biggest fracking site

  02-10-2017 19:59
  As horizontal drilling starts in Lancashire this month, the Guardian talks to protesters and staff at the Cuadrilla wellMike Hill, sitting in his living room a few miles from a fracking site outside Blackpool, is brandishing a government letter brushing aside his concerns about the industry. “You, Theresa May, overruled democracy to force fracking on the residents of Fylde,” he says, referring to his own letter to the prime minister, in which he urges her to heed experts’ calls
  
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• Video: McDonald's UK CFO on growth vs cost reduction strategy ... - Financial Director

  02-10-2017 17:41
  Financial Director
  Video: McDonald's UK CFO on growth vs cost reduction strategy ...
  Financial Director
  Welcome back to our video series, where we ask top-hitting financial directors and CFOs the big questions on the year ahead. Every week we publish new video ...en meer »
  
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• Electric car owners 'can drive for free by letting energy firms use battery'

  02-10-2017 17:30
  Savings from a new scheme will cover the £350-£400 annual cost of charging a Nissan Leaf, says electricity supplier OvoElectric car owners will be paid for letting an energy company use their vehicle’s battery in a pioneering scheme to increase take-up of the cleaner vehicles and help power grids manage the growth in green energy.Nissan and one of the UK’s biggest challenger energy suppliers, Ovo, will offer the “vehicle-to-grid” service to buyers of the Japan
  
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• ‘Doomsday preacher’ on Wimbledon train causes passengers to flee

  02-10-2017 17:30
  Panicked commuters force open doors and spill on to tracks after man wearing rucksack recites Bible versesHundreds of thousands of commuters experienced major disruption during rush hour on Monday morning after passengers evacuated themselves from a train in London and spilled on to the track because they feared a fellow passenger was acting erratically. The incident, which took place at about 8.30am just outside Wimbledon station on a South Western Railway train running from Shepperton to Water
  
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• Everything you need to know about the collapse of Monarch Airlines

  02-10-2017 16:35
  What caused the crisis at the British airline and what can passengers expect now?Monarch, Britain’s longest-surviving airline brand, has gone into administration, leaving all flights grounded with 110,000 passengers abroad. The government has asked the Civil Aviation Authority to initiate a large repatriation operation but a further 300,000 customers with future bookings have had their flights and holiday plans cancelled. What caused the crisis at Monarch and what should passengers expect
  
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• Ryanair pilots form unofficial union in battle with Michael O'Leary

  02-10-2017 14:49
  Staff seeking better employment terms coordinate action in attempt to circumvent chief’s refusal to recognise unionsRyanair pilots have formed an unofficial trade union and are invoking the spirit of Winston Churchill in a battle with the chief executive, Michael O’Leary, over their employment terms. O’Leary has clashed with pilots amid the fallout from the Dublin-based carrier’s recent pilot rostering “mess-up”, which saw more than 700,000 passengers affected
  
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• Uber's UK head to step down amid London licensing fig - Financial Express

  02-10-2017 14:47
  Financial Express
  Uber's UK head to step down amid London licensing fig
  Financial Express
  The head of Uber Technologies Inc.'s U.K. business is stepping down amid a contentious fight with London regulators who are threatening to ban the company in the British capital. By: Bloomberg | Published: October 2, 2017 6:16 PM. 0. Shares. Facebook ...en meer »
  
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• Can our daughter's partner benefit from our joint will?

  02-10-2017 13:00
  We’re worried that after we die he may be entitled to half our propertyQ Our daughter is the sole beneficiary in our joint will. Our entire estate is left to her and her only. However, she has a partner who is the father of our grandchildren and who, shall we say, is and never would be our choice of partner for our daughter. Unfortunately we cannot change this, it’s her choice.What worries us for the future, after our passing, is that if he stays with her and marries her whether he w
  
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• UK Regulators Eye Post-Brexit 'Interim' Status for EU-Based Financial Firms - Insurance Journal

  02-10-2017 10:41
  Sky News
  UK Regulators Eye Post-Brexit 'Interim' Status for EU-Based Financial Firms
  Insurance Journal
  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 Authority said giving ...
  Leaving EU with no trade deal will hit UK industries hardFinancial Postalle 519 nieuwsartikelen »
  
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• Monarch flights grounded for good – what happens next?

  02-10-2017 10:01
  News that the British low-cost airline has been placed into administration has left many travellers wondering how they will get homeWhat happens with Monarch Airlines now?Monarch has gone into administration after failing to gain a renewal of its Air Travel Organiser’s Licence (Atol) from the Civil Aviation Authority. This meant it was no longer able to sell Atol-protected holidays from midnight on Sunday and, accordingly, announced it had appointed KPMG as liquidators. The CAA has taken o
  
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• Bad medicine: the toxic fakes at the heart of an international criminal racket

  02-10-2017 09:00
  The trade in fake drugs is a lucrative and dangerous global industry, but there are hopes that on-the-spot screening technology can provide a remedySometimes the vials are filled with dirty water. Occasionally they contain saline and a tiny amount of antibiotic, so as not to infect the site of the vaccination and draw attention to its true ingredients. But however good or bad the disguise, the fact is that these “vaccines” will actually have no effect at all.The recent news that anot
  
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• Millions wiped off value of properties in UK's wealthiest streets

  02-10-2017 08:39
  Property rich list shows sharp fall in value of homes as Brexit uncertainty and tax changes continue to wreak havoc Some of Britain’s wealthiest homeowners have seen as much as £13m wiped off the value of their property in a year as Brexit uncertainty and tax changes continue to wreak havoc in the prime central London market. Related: London house prices fall for first time in eight years as rest of UK risesContinue reading...
  
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• Poorly insulated homes may cost £1bn extra in energy bills

  02-10-2017 08:01
  Legal loophole means landlords won’t need to comply with regulations aiming to protect tenants and cut carbon emissionsTenants in the UK’s draughtiest homes risk paying £1bn extra in energy bills because of a government loophole letting landlords off the hook, a charity has warned.Landlords will be banned from letting poorly insulated homes from next April under new regulations designed to protect vulnerable tenants and cut carbon emissions. Continue reading...
  
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• The end of la dolce vita as Autovia car hire threatens legal action

  02-10-2017 08:00
  Italian company has given us 15 days to pay, but we paid a year agoIn August 2016 we hired a vehicle through Atlas Choice for our two-week holiday in Italy. Everything went smoothly until, months after we had hired the car, Autovia, the Italian car hire company that provided the vehicle, tried to take a second payment of €403. It turns out that Atlas had gone into administration without paying Autovia. Luckily, I noticed the transaction when it was a “pending transaction” and co
  
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• It's uncomfortable, but family businesses need succession planning

  02-10-2017 08:00
  Taking over a business from a family member requires external advice and decisions based on logic not emotion When my father and uncle founded Little’s Chauffeurs in 1966, they had a three-car taxi firm in Glasgow and ambitions to build a world-class business. When I started working there after university, they had already experienced a great deal of success. I spent one day a week in marketing before joining full-time. After five years, I was made partner. There was definitely no master p
  
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• Current account and a coffee? It’s the bank with a barista

  02-10-2017 07:00
  Many banks are closing high street branches, but Lloyds is launching a whole new conceptIt looks like a US tech giant’s office, complete with its own coffee shop, chic “breakout pods”, the latest biometric technology and an events programme. But it’s actually a new Lloyds Bank branch in Manchester. Welcome to the new world of the bank super branch.At a time when many high street banks are axing branches at an alarming rate, Lloyds this week opened the doors on its most ex
  
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