Financial news

• Aldi to accept old £1 coin for two weeks after deadline

  11-10-2017 21:55 via theguardian.com
  Supermarket joins Tesco and Poundland in accepting the round pound beyond the official 15 October cut-off The discount supermarket chain Aldi is to accept the old £1 coins in its UK stores for two weeks after they cease to be legal tender. The UK’s largest retailer, Tesco, said earlier this week that it would allow its shoppers to pay with the round pound coins at tills and self-service machines for an extra week in apparent defiance of the 15 October deadline the Royal Mint has impo
  
  Read more

• Worst workplace pensions can lose savers £370,000

  11-10-2017 21:01 via feedproxy.google.com
  WORKERS are missing out on more than the value of a house through poorly performing workplace pensions, experts have warned.
  
  Read more

• Council rules against radio boss's record-breaking £200m flat

  11-10-2017 19:38 via theguardian.com
  Ashley Tabor has applied to make country’s most expensive apartment by knocking together two penthouses in KnightsbridgePlanning officials have ruled that Westminster council should reject plans by the multimillionaire owner of Classic FM to create the country’s most expensive flat.Ashley Tabor, 40, had hoped to knock together two properties at the top of the luxury Knightsbridge Apartments complex to create a £200m penthouse flat with 10 bedrooms, a cinema, “butler&rsquo
  
  Read more

• Kobe Steel scandal deepens over quality of products in cars and aircraft

  11-10-2017 19:09 via theguardian.com
  Japanese company admits it falsified data, with Nissan, Ford, Toyota, Honda, Mazda and Subaru among its clientsJapan’s third-biggest steelmaker, Kobe Steel, is embroiled in a deepening scandal over the quality of products including aluminium and copper used in cars, aircraft, space rockets and defence equipment.On Wednesday, the company said it had found one case of falsified data on iron ore powder – mainly used in vehicle parts such as gears – that had been shipped to a custo
  
  Read more

• Advertisement

• Shop, do good and feel even better this SOCIAL SATURDAY

  11-10-2017 18:51 via feedproxy.google.com
  SHOPPERS’ spending power can make a big impact this Saturday when the spotlight shines on social enterprises, those businesses with a keen sense of community and a will to do good that’s at the heart of everything they do.
  
  Read more

• Crusader: Couple gets their much needed swing chair replacement

  11-10-2017 18:10 via feedproxy.google.com
  SWING into action for us, Crusader,” was the plea from a couple who had hit a rough patch after treating themselves to some new garden furniture.
  
  Read more

• Monarch: MP urges change in law to protect pension schemes

  11-10-2017 17:59 via theguardian.com
  Frank Field reacts to report that airline owner Greybull Capital could collect ‘bumper profit’ while workers lose outThe chair of parliament’s work and pensions committee has called for a change in the law following reports that the owners of collapsed airline Monarch may end up with a profit while the company’s pensioners lose out.
  The Labour MP Frank Field expressed concern over claims that private equity group Greybull Capital could avoid losing money while the carrier
  
  Read more

• Kensington v Ebbw Vale: floor space price study highlights property divide

  11-10-2017 17:24 via theguardian.com
  ONS figures compare prices per sq metre in England and Wales – and suggest new homes are, in fact, bigger than old ones It now costs nearly £19,500 to buy enough residential floorspace for a decent-sized coffee table in London’s priciest borough – but only £777 to accommodate the same small piece of furniture in a living room in south Wales, according to official statistics that highlight a widening north-south divide.According to the Office for National Statistics
  
  Read more

• Advertisement

• UK investors feel let down over financial education - Director magazine

  11-10-2017 15:54
  Director magazine
  UK investors feel let down over financial education
  Director magazine
  A large majority of people in the UK feel their financial education at school was insufficient, leaving them with a significant knowledge gap to fill when embarking on investments including pensions and mortgages. According to a survey of 1120 personal ...
  
  Read more

• IMF: higher taxes for rich will cut inequality without hitting growth

  11-10-2017 15:30 via theguardian.com
  Analysis supports tax strategy of Jeremy Corbyn’s Labour in UK – and undermines that of Donald Trump in USHigher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said.The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that economic growth would suffer if governments in advanced Western countries forced the top 1% of earners to pay more tax.Continue
  
  Read more

• Smart Meter SCEPTICS: Families don't want energy gadgets amid spying fears

  11-10-2017 13:53 via feedproxy.google.com
  BRITISH families are rejecting home technology gadgets such as smart meters amid hacking concerns and an invasion of privacy, a report has revealed.
  
  Read more

• Financial crime and investigations update for UK corporates - JD Supra (press release)

  11-10-2017 13:51
  Financial crime and investigations update for UK corporates
  JD Supra (press release)
  The law and practice relating to financial crime and investigations is evolving fast. In the past 18 months we have seen two new Acts aimed at combatting financial crime (including the creation of two new corporate criminal offences), the ...
  
  Read more

• UK finance chief: Worst-case Brexit could ground all flights - Financial Post

  11-10-2017 12:56
  UK finance chief: Worst-case Brexit could ground all flights
  Financial Post
  LONDON — A worst-case Brexit scenario could see all air traffic between the U.K. and the European Union grounded the day after Britain leaves the bloc on March 29, 2019, Britain's finance minister said Wednesday. Philip Hammond said he considers that ...en meer »
  
  Read more

• Richard Thaler is a controversial Nobel prize winner – but a deserving one

  11-10-2017 12:56 via theguardian.com
  The US academic’s behavioural research shows how to focus economics more decisively on real and important problems• What is behavioural economics? The winner of this year’s Nobel prize in economics, Richard Thaler of the University of Chicago, is a controversial choice. Thaler is known for his lifelong pursuit of behavioural economics (and its subfield, behavioural finance), which is the study of economics (and finance) from a psychological perspective. For some in the professio
  
  Read more

• CFO - The C Suite

  11-10-2017 11:34
  The C Suite
  CFO
  The C Suite
  The UK's Banking and Financial sector has experienced a strong quarter, despite ongoing uncertainty caused by the Brexit negotiations, according to figures released in the Creditsafe Watchdog Report. The report tracks quarterly economic developments ...
  
  Read more

• POUND EURO LIVE: Pound falls after IMF says Brexit will hit UK economy

  11-10-2017 09:46 via feedproxy.google.com
  THE pound has fallen against the euro after the International Monetary Fund forecast that Brexit uncertainty will hit Britain's economy in 2017 and 2018.
  
  Read more

• No startup is an island: entrepreneurship relies on collaboration

  11-10-2017 09:30 via theguardian.com
  The days of the lone wolf company founder are over. Building a successful business can be a lot easier when you work with other entrepreneursThere was a time when the lone-genius business founder was revered – the Howard Hughes type who operated in secret, acting only on intuition. That time has passed and now instead of looking within ourselves to find inspiration, entrepreneurs are looking outward and coming together to support each other, collaborate, test and exchange ideas.Continue re
  
  Read more

• The housing crisis will only get worse until England scraps right to buy | Jonathan Manns

  11-10-2017 08:33 via theguardian.com
  Selling off council homes is economically and morally reprehensible. The government needs to halt its kneejerk support for home ownershipScotland has already scrapped so-called right-to-buy schemes and Wales is pushing through reforms to do the same. It’s now also time for England to stop allowing council tenants to purchase their homes at discounted rates.The English love of home ownership is well known, which is why, in his party conference speech last week, chancellor Philip Hammond ann
  
  Read more

• My Pizza Hut refund got lost – can you help me get my slice?

  11-10-2017 08:00 via theguardian.com
  I was promised a gift card of ‘substantial’ value as compensation. I received £10I ordered a pizza online from Pizza Hut for £13.95 and was told an hour later that it would not be delivered as there were no available drivers. Later they said it would take up to 16 working days to action a refund. It never arrived.I was told the branch hadn’t passed on the correct information, so the refund had not been issued. It would take another 10 working days. Again it didn&rsq
  
  Read more

• A life in the round – in pictures

  11-10-2017 08:00 via theguardian.com
  You can go round in circles trying to find the perfect house ... Continue reading...
  
  Read more

• Stock Market Shock: Google reported to be purchasing Apple in ‘ERRONEOUS’ Dow Jones hiccup

  11-10-2017 02:03 via feedproxy.google.com
  DOW Jones has reported that Google was in the process of taking over Apple inc in an “erroneous” hiccup that mystified readers and shook the stock market.
  
  Read more

• UK state should pay for housing, food, transport and internet, says report

  11-10-2017 01:01 via theguardian.com
  ‘Universal basic services’ costing about £42bn could be funded through higher taxes, say Jonathan Portes and academicsFree housing, food, transport and access to the internet should be given to British citizens in a massive expansion of the welfare state, according to a report warning the rapid advance of technology will lead to job losses. Former senior government official Jonathan Portes and Professor Henrietta Moore, director of University College London’s Institute fo
  
  Read more

• Time you put a price on loyalty: 10 million Britons have unused reward points

  11-10-2017 01:01 via feedproxy.google.com
  Tens of millions of us avidly collect reward and loyalty points, but we are not as diligent when it comes to spending them.
  
  Read more

• Co-op closes in on takeover deal with Nisa which would double its food store presence

  11-10-2017 01:01 via feedproxy.google.com
  THE CO-OP Group is closing in on a deal to more than double its food store presence after the board of convenience chain Nisa Retail recommended a £137.5million takeover.
  
  Read more

• GBP v EUR: Pound tumbles as Catalonia delays independence declaration

  11-10-2017 01:00 via feedproxy.google.com
  THE pound slumped against the euro this morning as Catalonia's President Carles Puigdemont announced that he would delay the implementation of a declaration of independence.
  
  Read more

Follow @financialnwsUK on Twitter!