Financial news

• UK Inflation to Hit 5-Year High - Financial Tribune

  16-10-2017 22:30
  Financial Tribune
  UK Inflation to Hit 5-Year High
  Financial Tribune
  All eyes will turn Tuesday to Britain's consumer price index figure, with this being the final reading before the Bank of England's next interest rate decision. The pound exchange rate is liable to become increasingly volatile on the release of the UK ...en meer »
  
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• The UK's Balancing Act between Security, Financial Interest, and Human Rights - Atlantic Council (blog)

  16-10-2017 17:59
  The UK's Balancing Act between Security, Financial Interest, and Human Rights
  Atlantic Council (blog)
  Photo: Egyptian foreign minister Sameh Shoukry (R) meets with British Foreign Secretary Boris Johnson at Tahrir Palace in Cairo, Egypt. Picture taken February 25, 2017. Taken by Amr Abdallah Dalsh. The United Kingdom has long employed a carrot and ...
  
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• PENSION WARNING: Fifth of final salary schemes at risk from downturn

  16-10-2017 17:11 via feedproxy.google.com
  FINAL salary pension savers have been warned many schemes could collapse if Britain were to be hit by an economy downturn.
  
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• UK's Hammond confident London will remain global financial centre - CNBC ... - Markets Insider

  16-10-2017 17:05
  UK's Hammond confident London will remain global financial centre - CNBC ...
  Markets Insider
  LONDON, Oct 16 (Reuters) - British finance minister Philip Hammond said on Monday he was confident London would remain a global financial centre after Brexit, and that most international banks were planning to keep the vast majority of their ...
  
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• The Weinstein Company in talks on possible sale

  16-10-2017 16:10 via theguardian.com
  Film studio enters deal with private equity group on ‘immediate capital infusion’ and potential sell-offThe Weinstein Company is in talks to sell to a private equity company in the wake of the sexual harassment and assault allegations against its co-founder Harvey Weinstein.The film production business has entered into an agreement with buyout firm Colony Capital to secure an “immediate capital infusion”, as the company fights for its future. Continue reading...
  
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• Insurance premium hiked despite no claim by couple

  16-10-2017 16:01 via feedproxy.google.com
  A no-fault accident didn’t cost a couple a penny at the time, but there was a costly sting in the tail lurking later on when their new motor insurance premium shot up suddenly by a further £253.
  
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• Financial advisers bullish on UK infrastructure - International Investment (blog)

  16-10-2017 15:33
  International Investment (blog)
  Financial advisers bullish on UK infrastructure
  International Investment (blog)
  Three quarters of financial advisers would back investment into UK infrastructure assets to counter the current market headwinds, according to infrastructure specialist investors Foresight. 75% of financial advisers surveyed said that they are bullish ...
  
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• World markets climb, oil jumps on Iraq tensions - as it happened

  16-10-2017 15:23 via theguardian.com
  European markets move higher but Spain lags on Catalonia independence uncertainty, Chinese inflation jumps and oil climbs on new supply concerns 2.23pm BSTOn a quiet day for economic news, stock markets have managed to push higher, helped by a jump in mining shares after positive Chinese data.Oil is also on the rise, fuelled by supply concerns after Iraq moved into oil-rich Kirkuk as a response to the recent Kurdish referendum. Latest reports suggest that Kurdistan has shut down some 350,000 bar
  
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• Should I let out my parents' old house or sell it and invest the capital?

  16-10-2017 14:04 via theguardian.com
  I’m due to inherit my parents’ semi but most of the advice I have read concerns buy-to-let, not outright ownershipQ I am due to inherit my parents’ three-bed semi in the Wirral which is worth about £180,000. I have little idea about whether to sell and invest the capital for what I guess would be a return of about 2% from a bank or building society, or let the property which could give me a yield of about 5%. Similar houses in the area rent for £750 per month in the
  
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• Delays and drips mark Great Western Railway's new train launch

  16-10-2017 13:53 via theguardian.com
  First outing for Hitachi Class 800 Intercity Express gets into London from Bristol 41 minutes late, with seats roped off due to leakIt was perhaps an inevitable first outing for a train service whose development has been plagued by overspending and delay. The first Intercity Express train to carry passengers down the part-modernised Great Western Railway from Bristol arrived in London 41 minutes late, with its air-conditioning switched off, passengers standing in the aisles and rows of its ergon
  
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• This is what America's eco city of the future looks like

  16-10-2017 13:49 via theguardian.com
  Georgetown mayor Dale Ross is ‘a good little Republican’ – but ever since his city weaned itself off fossil fuels, he has become a hero to environmentalistsWhen the caller said he worked for Harry Reid and the former Senate majority leader wanted a word, Dale Ross assumed it was a joke. “OK, which of my buddies are messing with me today?” he wondered.He shouldn’t have been so surprised. Ross is the mayor of Georgetown, population 65,000, and he has become a mi
  
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• World markets climb, oil jumps on Iraq tensions - business live

  16-10-2017 13:32 via theguardian.com
  European markets move higher but Spain lags on Catalonia independence uncertainty, Chinese inflation jumps and oil climbs on new supply concerns 12.32pm BSTAt midnight the UK’s old pound coin ceased to be legal tender.So how easy is it to spend the old coins now the deadline has passed? Our reporters have been finding out: Related: Old £1 coin: relaxed retailers mean round pound will be around for longer12.15pm BSTThe data from China has given a lift to metal prices and miners, with
  
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• Old £1 coin: relaxed retailers mean round pound will be around for longer

  16-10-2017 13:28 via theguardian.com
  Major stores and yet-to-be-updated ticket machines and supermarket trolleys mean old £1 coin will be legal tender for a little while yet, reporters findAs the lockdown on the old pound coin came into force on Monday, there was plenty of evidence that retailers and machines were taking a relaxed attitude towards the coin. Continue reading...
  
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• Financial crime and investigations update for UK corporates - Lexology

  16-10-2017 13:10
  Financial crime and investigations update for UK corporates
  Lexology
  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 ...
  
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• Only Theresa can clean up the mess left by her Brexit Marx brothers | Hugh Muir

  16-10-2017 13:08 via theguardian.com
  Her emergency meeting with Jean-Claude Juncker is an admission that Davis, Fox and Johnson have been flailing. She has to steer us from hard BrexitWanted: a siren and flashing blue light for the prime minister. We know from her conference speech that she sometimes goes unprepared. Today the paraphernalia of the emergency services would come in handy.Theresa May is now off to Brussels for dinner with Jean-Claude Juncker, and the hope is that this time he will give her the time of day, for no one
  
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• Ikea UK chief calls for Brexit transition period and government clarity

  16-10-2017 12:37 via theguardian.com
  Gillian Drakeford’s calls for transition period to help businesses follows fraught week in which Britain’s divorce talks with EU remained deadlockedThe UK chief of Ikea has thrown her weight behind a Brexit transition period as pressure mounts on the government to sign a deal to protect Britain’s businesses from a “cliff edge” departure from the EU. Gillian Drakeford also demanded clarity from the prime minister as companies brace for a new trading relationship with
  
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• Vauxhall to cut 400 jobs at its Ellesmere Port factory by end of 2017

  16-10-2017 12:29 via feedproxy.google.com
  VAUXHALL is cutting 400 jobs at its Ellesmere Port factory by the end of the year, the manufacturer has announce.
  
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• Pound V euro: GBP rallies on EUR crucial week for Brexit

  16-10-2017 12:20 via feedproxy.google.com
  THE pound has been an in-demand currency today, rising by 0.4 per cent against the euro and posting notable gains elsewhere.
  
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• Hurricane Ophelia's remnants to batter UK, Ireland - Financial Post

  16-10-2017 11:57
  Hurricane Ophelia's remnants to batter UK, Ireland
  Financial Post
  LONDON — Authorities in Ireland have closed schools, courts and government buildings amid concerns about potential damage from the remnants of Hurricane Ophelia. Ireland's meteorological service is predicting wind gusts of 120 kph to 150 kph (75 mph ...en meer »
  
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• UK leader makes surprise Brussels trip to undo Brexit logjam - Financial Post

  16-10-2017 11:36
  Financial Post
  UK leader makes surprise Brussels trip to undo Brexit logjam
  Financial Post
  FILE - In this file photo dated Wednesday, Oct. 11, 2017, British Prime Minister Theresa May leaves 10 Downing Street in London. Theresa May will have a dinner meeting in Brussels with senior European Union officials, European Commission President ...
  Potential Brexit 'no-deal' exciting UK politiciansCPI Financialalle 376 nieuwsartikelen »
  
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• Free market economics is on trial – governments must pass a guilty verdict

  16-10-2017 11:24 via theguardian.com
  Thatcher and Reagan’s neoliberalism orthodoxy is rightly being challenged. The new consensus must lead to a more active and effective role for the stateFree-market capitalism is on trial. In the UK, Labour party leader Jeremy Corbyn accuses neoliberalism of increasing homelessness, throwing children into poverty, and causing wages to fall below subsistence level. For the defence, the Conservative prime minister, Theresa May, cites the immense potential of an open, innovative, free-market e
  
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• Are you still using the old pound coin? Share your stories and pictures

  16-10-2017 11:07 via theguardian.com
  Circulation of the old £1 coin stopped on Sunday but some businesses and parking meters are still accepting them. We’d like to hear your experiences
  The old round pound coin ceased to be legal tender on Sunday but some vending machines and parking meters are unable to accept the new 12-sided coin.Approximately 400m round pounds are thought to still be in circulation with businesses such as Poundland, Aldi and Sainsbury’s still accepting them after Sunday to help customers get r
  
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• Pound v Australian dollar: GBP exchange rate against AUD mounts recovery after nosedive

  16-10-2017 10:48 via feedproxy.google.com
  THE pound mounted a recovery against the Australian dollar this morning, making tentative gains as the pairing rallied from a sharp drop at the end of last week’s session.
  
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• Young people are borrowing to cover basic living costs, warns City watchdog

  16-10-2017 10:06 via theguardian.com
  FCA boss raises alarm over growing debt burden of young people in UK as number of insolvent 18- to 34-year-olds in the UK jumps by a thirdThe head of Britain’s financial regulator has warned that a growing number of young people are having to borrow to cover basic living costs.Andrew Bailey, the chief executive of the Financial Conduct Authority, told the BBC that while it had not yet reached crisis levels, it was worrying that debt among young people was growing. He talked about a shift i
  
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• POUND EURO LIVE: Pound JUMPS as Theresa May meets with Barnier to break Brexit deadlock

  16-10-2017 09:34 via feedproxy.google.com
  THE pound leapt against the euro as Theresa May jetted to Brussels to hold special Brexit talks with European Union president Jean-Claude Juncker and chief negotiator Michel Barnier, in the hope of breaking a Brexit deadlock.
  
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• 'They'll be around as long as people shake hands': why business cards won't die

  16-10-2017 08:37 via theguardian.com
  Creative designs have helped reinvent the paper business card while high tech versions can project your image in 3D Your business card says a lot more about you than you think, as anyone who has watched the scene in American Psycho, where bankers compare their expensively made yet largely indistinguishable cards, will know.While most saw this as the ultimate display of absurd masculine competition on 1980s Wall Street; for one company it was market research. Black Astrum produces diamond-encrust
  
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• The private sector has failed. Only councils can be trusted to build the homes we need I Rabina Khan

  16-10-2017 08:23 via theguardian.com
  Focused on profit, not people, private developers will never help us out of the housing crisis, but local authorities are coming up with ideas that can helpThere is only one way more affordable homes will get built in this country and that is if local authorities like my own borough are given the resources to build them.
  As we move into the Brexit era, Britain must be far more visionary and build homes that become national assets. Private developers build the bare minimum of affordable homes; th
  
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• I’ve been left £200 out of pocket after buying a faulty designer handbag

  16-10-2017 08:00 via theguardian.com
  I purchased a Sophie Hulme handbag at a sample sale but when it turned out to have a broken strap they refused to put it rightI recently went to a designer sample sale and brought a lovely Sophie Hulme handbag for £200. As the till said no exchanges or refunds I thoroughly checked the bag for scratches or faults before I bought it. The next day the metal attachment on the strap broke and the bag is now unusable. After careful inspection, it seemed there was a whole piece in the metal attac
  
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• House prices: signs of new north-south divide in UK market emerge

  16-10-2017 08:00 via theguardian.com
  Property website Rightmove says cheaper properties in the north of England are selling better than pricier southern homesA new north-south property divide is emerging in the UK ahead of the festive season, with people selling second-stepper homes in the north of England standing the best chance of finding a buyer by Christmas, according to Rightmove.Those selling more expensive “top of the ladder” properties in London and the south of England have the least chance, the property websi
  
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• Npower allowing energy customers to fall £1,600 in debt before acting

  16-10-2017 07:30 via theguardian.com
  Big-six firm acknowledges it needs to step in more quickly for those struggling with bills after criticism from OfgemOne of the UK’s biggest energy companies is allowing its customers to fall as much as £1,600 into debt on their energy bills before intervening to help them repay it.The energy regulator, Ofgem, said the “big-six” firm npower, along with the smaller suppliers Utility Warehouse, Ecotricity, iSupplyEnergy, and First Utility, let customers accrue an average of
  
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• UK inflation set to hit five-year high, raising heat on interest rates

  16-10-2017 06:30 via theguardian.com
  Experts predict figure of 3% for September, adding to pressure on Bank of England to hike rates for first time in decadeUK inflation is expected to hit a five-year high this week, outstripping growth in pay packets and putting renewed pressure on the Bank of England to raise interest rates.City economists forecast that the consumer price index (CPI) will be shown to have risen to 3% in September, up from 2.9% a month earlier, its highest level since 2012.Continue reading...
  
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• Financial services suffer from widest gender pay gap in UK - Financial Times

  16-10-2017 01:04
  Financial Times
  Financial services suffer from widest gender pay gap in UK
  Financial Times
  Government push to collect data on discrimination reveals sector differences.
  Financial services called out for UK's highest gender pay gapwww.professionaladviser.comalle 8 nieuwsartikelen »
  
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• WH Smith moving in right direction: retailer targets transport hubs to beat sales downturn

  16-10-2017 01:01 via feedproxy.google.com
  THURSDAY'S results are testament to WH Smith’s deft handling of a potentially tough trading environment.
  
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• UK universities 'generate almost £100 billion a YEAR for the economy'

  16-10-2017 01:01 via feedproxy.google.com
  UNIVERSITIES generate almost £100 billion a year for the UK economy, according to a report.
  
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• Lidl plans to create 500 jobs at new warehouse in Peterborough

  16-10-2017 01:01 via feedproxy.google.com
  LIDL UK has unveiled plans for a new warehouse in Peterborough in a move that will create 500 jobs.
  
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• Businesses braced for £1.2 BILLION tax hike as shock number of companies hauled to court

  16-10-2017 01:00 via feedproxy.google.com
  BUSINESSES in England and Wales are bracing themselves for a £1.2 billion tax hike next year, while a staggering number of companies are being dragged to court for failing to keep up with climbing payments.
  
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