Financial news

• British banks can’t be trusted – let’s nationalise them | Owen Jones

  19-10-2017 20:12
  Our finance system is rigged in favour of a crisis-ridden City to reap profits for individuals. It’s time these institutions worked for the good of communitiesSometimes the case for a policy is as overwhelming as the level of ridicule it will get from the punditocracy. The nationalisation of Britain’s failed banking industry – the sector responsible for most of our country’s current ills – is one such example. According to a recent poll, half the electorate support
  
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• 'Revolutionary' government pensions dashboard gets go-ahead

  19-10-2017 20:02
  Department for Work and Pensions approves scheme to enable people to monitor all their pensions entitlements in one placeOne of the most ambitious IT projects ever undertaken in financial services, to provide individuals with an online “pensions dashboard” covering all the schemes they may have, has been given the go ahead by the government.The Department for Work and Pensions is aiming to bring all the 64m different pension pots in Britain under one roof so that individuals can see
  
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• 'It's a bit of pride': the last Holden marks an end of car manufacturing in Australia

  19-10-2017 19:00 via theguardian.com
  Thousands to gather outside Adelaide’s Holden plant to say farewell to the car that became ‘part of the family’At 5.45am on Thursday, three generations of the Grant family piled in to a Holden Commodore and pulled out of their driveway in the western Melbourne suburb of Sunbury and turned toward Adelaide.It was the second time in six days they had made the 700km trip. The first, on Saturday, was a two-car convoy: Daniel Grant and his 16-year-old son, Jacob, in the 2006 red VZ S
  
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• Aslef asks members to bring Southern rail dispute to an end

  19-10-2017 18:45 via theguardian.com
  Union recommends deal that will allow some trains to run without guards and give drivers 28.5% pay rise over next five yearsDrivers on Southern rail could be about to end their dispute after their union recommended a deal that would allow some trains to run without guards and give drivers a 28.5% pay rise over the next five years. Industrial action has been disrupting the railway since April 2016 but now Aslef, the drivers’ union, will ask its members to vote to end the row. Continue readi
  
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• Magnum maker's ice-cream sales melt under pressure from low-calorie rival

  19-10-2017 17:10 via theguardian.com
  Unilever, which also owns Wall’s and Ben & Jerry’s, blames slump on new challenger Halo Top and poor summer weatherUnilever has had a disappointing summer after ice-cream sales were hit by competition from a new low-calorie brand, poor weather in Europe and hurricanes in the Americas.
  The consumer goods group, the biggest ice-cream maker in the world and the producer of Magnum, Ben & Jerry’s and Wall’s, reported double-digit sales declines in Europe between July a
  
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• Energy firms warned by watchdog of 'radical' change ahead

  19-10-2017 16:22
  Ofgem tells suppliers to prepare for range of reforms, including switching customers automatically to better dealsElectricity and gas companies have been bluntly warned that “change is coming” by the head of the UK’s energy regulator, who indicated that Theresa May’s proposed price cap was just one of the reforms planned to help consumers with their bills.Energy suppliers were put on notice that they face a range of radical reforms, including a potential rule change that
  
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• Goldman Sachs boss talks up Frankfurt as Brexit talks loom

  19-10-2017 16:07 via theguardian.com
  Pressure grows on Theresa May before EU dinner as Lloyd Blankfein tweets plan to spend ‘a lot more time’ in German finance capitalGoldman Sachs piled pressure on Theresa May in advance of a crunch European summit by ridiculing London’s hopes of staunching the flow of lucrative banking jobs after Brexit.In a teasing tweet that captured growing business anxiety over the direction of talks, the US bank’s chief executive, Lloyd Blankfein, wrote on Thursday that he expected to
  
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• The Latest: Ex-spy chief says Brexit could leave UK weaker - Financial Post

  19-10-2017 15:37
  Financial Post
  The Latest: Ex-spy chief says Brexit could leave UK weaker
  Financial Post
  European Commission President Jean-Claude Juncker, center right, embraces British Prime Minister Theresa May, center left, after a meeting at EU headquarters in Brussels on Monday, Oct. 16, 2017. EU officials said that a meeting between British Prime ...en meer »
  
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• How do you create a workplace free from sexual harassment? Share your thoughts

  19-10-2017 13:26
  Tell us how your workplace handles sexual harassment, and what reporting and prevention systems it has in place
  How do workplaces create a culture where sexual harassment does not exist? This may feel like an odd question, but the Harvey Weinstein scandal has revealed how widespread the issue is. So why are our workplaces failing so many of us?Only 27% of all people who experience sexual harassment report it, according to a YouGov survey of 1,000 adults. 70% said they did not report it and 4% of
  
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• UK retail sales slump in September as inflation and wage woes bite

  19-10-2017 12:39 via theguardian.com
  Supermarkets and petrol stations hardest hit as lacklustre pay growth and rising inflation dent spending powerHigh street sales slumped last month, pushing the UK retail sector to its lowest growth rate in four years for the three months to the end of September as the impact of rising inflation and sluggish wage growth dented consumer spending power.Official figures showed the amount of goods bought by consumers fell 0.8% in September and set the UK on course for a period of slow growth in the r
  
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• The Latest: UK Labour leader Corbyn urges Brexit progress - Financial Post

  19-10-2017 12:15
  Financial Post
  The Latest: UK Labour leader Corbyn urges Brexit progress
  Financial Post
  European Commission President Jean-Claude Juncker, center right, embraces British Prime Minister Theresa May, center left, after a meeting at EU headquarters in Brussels on Monday, Oct. 16, 2017. EU officials said that a meeting between British Prime ...en meer »
  
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• Was the property cycle behind the financial crisis? - IG

  19-10-2017 12:03
  Was the property cycle behind the financial crisis?
  IG
  The financial crisis was not a so-called 'black swan' catastrophe, but was down to the correction phase of the property cycle. This is according to Akhil Patel, editor of Cycles, Trends and Forecasts at Southbank Investment Research, who says property ...
  
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• Why a ‘no deal’ strategy might just work for Theresa May | Abhinay Muthoo and Siobhan Benita

  19-10-2017 10:54 via theguardian.com
  According to game theory, it’s the best option open to her, but to succeed it needs to be expertly executed. Sadly, there’s no sign of that yetBrexit negotiations are complex but, at their core, they are exactly the same as any other negotiation in life. It is in the interests of both players – in this case the UK and the EU – to strike a deal. At the same time, each player has a different view on exactly which deal to strike.According to the principles of game theory, a
  
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• The UK financial industry warns that hurting City will hurt consumers - New Europe

  19-10-2017 09:02
  The UK financial industry warns that hurting City will hurt consumers
  New Europe
  (FILE) - A general view of the Leadenhall Building (C-L), also known as the Cheesegrater, in the City of London, England, 06 November 2014. The owner of the building, British Land, on 01 March 2017 said Cheung Chung Kiu, a Chinese property tycoon, has ...
  
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• Seashell holiday home – in pictures

  19-10-2017 08:00
  This energy-efficient house on Scotland’s west coast is a pearl of a property with views of both sea loch and hills Continue reading...
  
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• Photobucket’s shock hosting fee is holding web users to ransom

  19-10-2017 08:00
  It’s asking for £300 a year to release them, having never charged anything for yearsFor the past 10 years I’ve been using the photo-sharing website Photobucket to host the pictures featured on my three blogs. In June, Photobucket deleted all the photos and said that I (and millions of other users) would have to pay $400 (£302) a year to “release” them. I’d happily pay a reasonable sum, but this is extortionate. One solution would be to download my photo
  
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• Britons just need nudge to drive better or opt for healthier drinks, says report

  19-10-2017 07:01 via theguardian.com
  Results from trials by UK government’s behavioural insights team suggest people can be prompted into acting differently Britons are making healthier drink choices, driving on safer roads and achieving higher exam scores with the help of a nudge, according to a report. The government’s behavioural insights team (Bit) – known as the Whitehall nudge unit because it designs policies that prod us towards acting differently – has revealed the details of more than 130 controlled
  
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• xxxxx

  19-10-2017 01:01 via feedproxy.google.com
  HOMEOWNERS continue to see the value of their properties surge while struggling to meet everyday living costs and bills.
  
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• Half of UK's adults potentially vulnerable to financial harm, research reveals - iNews

  19-10-2017 01:01
  iNews
  Half of UK's adults potentially vulnerable to financial harm, research reveals
  iNews
  LLANDUDNO, WALES – SEPTEMBER 08: Senior citizens relax on Llandudno Promenade on September 8, 2014 in Llandudno, Wales. Photo credit: Christopher Furlong/Getty Images. Elizabeth Anderson 12 hours Wednesday October 18th 2017.
  
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