Financial news

• Poundland reaches deal with Toblerone makers over copycat bar

  24-10-2017 19:38 via theguardian.com
  The budget retailer’s Twin Peaks bar had been the subject of a legal wrangle with the Swiss chocolatierPoundland is being forced to redesign its copycat Toblerone bar, but can sell half a million of the lookalike chocolate this Christmas after reaching a sweet deal with the Swiss original’s owners.In July, the budget chain was forced to delay the launch of its Twin Peaks bar, which has two points per segment, rather than the single peak of a Toblerone, after a legal warning from the
  
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• UK Watchdog Won't Require Preliminary Financial Result Audits - Law360

  24-10-2017 18:39
  UK Watchdog Won't Require Preliminary Financial Result Audits
  Law360
  Law360, London (October 24, 2017, 5:23 PM BST) -- The U.K.'s accounting regulator said Tuesday that it has scrapped plans to require the auditing of preliminary financial results, saying it will make only minor changes to auditing guidance that the ...
  
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• UK's £200bn consumer debt unsustainable, S&P warns

  24-10-2017 18:25 via theguardian.com
  Borrowing should raise ‘red flags’ as losses can be sudden and sharp and could worsen if interest rate rises, rating agency saysThe rapid rise in UK consumer debt to £200bn from car finance, personal loans and credit cards is unsustainable at current growth rates and should raise “red flags” for the major lenders, ratings agency Standard & Poor’s has warned.In detailed analysis of the sector, S&P warned that losses from this form of lending suffered b
  
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• Goldman and JPMorgan attacked for absence from UK gender code - Financial News

  24-10-2017 18:18
  Goldman and JPMorgan attacked for absence from UK gender code
  Financial News
  The UK government's champion for diversity in financial services has taken a veiled swipe at Goldman Sachs and JPMorgan over their failure to commit to the country's Women in Finance Charter. The criticism from Jayne-Anne Ghadia, the chief executive of ...
  
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• UK financial watchdog investigates Equifax hacking - CNBC

  24-10-2017 16:09
  CNBC
  UK financial watchdog investigates Equifax hacking
  CNBC
  Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York. Britain's markets watchdog said it has opened an investigation into the hacking of U.S. credit ...
  Equifax faces formal investigation by UK financial watchdogFinancial Times
  Equifax hack being probed by UK's financial watchdogTechCrunch
  UK financial regulator confirms it is
  
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• Rent-to-own retailer BrightHouse ordered to repay £14.8m to customers

  24-10-2017 15:51 via theguardian.com
  Financial Conduct Authority says company supplying household goods on high-cost credit has not been ‘a responsible lender’Britain’s biggest rent-to-own retailer, BrightHouse, faces a £14.8m bill to compensate nearly 250,000 customers as part of a clampdown on the sector by Britain’s financial regulator.The Financial Conduct Authority has ordered the company – which supplies household goods such as TVs and washing machines on high-cost credit to people who cann
  
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• UK Must Avoid Financial Deregulation Spree, Lobby Warns - Law360 - Law360

  24-10-2017 15:29
  UK Must Avoid Financial Deregulation Spree, Lobby Warns - Law360
  Law360
  Law360, London (October 24, 2017, 12:32 PM BST) -- British financial services have no desire to see a deregulated "Singapore on the Thames" emerge after ...en meer »
  
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• Tell us how food prices are changing where you are

  24-10-2017 13:33 via theguardian.com
  Grocery inflation is above 3.1% and we would like your help understanding what is happening to food prices where you live. Share your experiences
  Rising food prices are for many the first sign of inflation – a bigger bill at the supermarket is sometimes the most obvious sign family finances are being affected by wider economic issues. Related: UK interest rate rise likely as inflation hits 3%Continue reading...
  
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• Ryanair delays stricter cabin bag policy

  24-10-2017 13:31 via theguardian.com
  Move to make passengers pay for priority boarding to keep their main cabin bag with them postponed until mid-JanuaryRyanair has delayed its stricter cabin bag policy in the latest turnabout by the beleagured budget airline.The company told its passengers in September that from 1 November they would have to pay £5 for priority boarding to avoid having their main cabin bag checked in to the hold at their departure gate. Continue reading...
  
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• UK lawmakers seek Facebook data on Russia-linked Brexit ads - Financial Post

  24-10-2017 13:13
  UK lawmakers seek Facebook data on Russia-linked Brexit ads
  Financial Post
  LONDON — British lawmakers have asked Facebook to release information about Russian-linked activity around the U.K.'s European Union membership referendum and recent election. The House of Commons Digital, Culture, Media and Sport Committee ...en meer »
  
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• The Brexit economy: the storm clouds are gathering

  24-10-2017 13:13 via theguardian.com
  Guardian analysis of key economic figures paints a picture of deepening gloom, with rising inflation denting consumer spending and investmentThe Bank of England is seriously considering raising rates for the first time in 10 years against a backdrop of lacklustre economic growth, as a Guardian analysis shows the Brexit vote sapping business confidence and hitting household income.As Mark Carney, the Bank’s governor, prepares to hike the cost of borrowing for the first time since 2007 from
  
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• UK stocks waver as Whitbread slides on coffee shop concerns - Financial News

  24-10-2017 10:45
  UK stocks waver as Whitbread slides on coffee shop concerns
  Financial News
  UK stocks seesawed around the flatline on Tuesday, with shares of Whitbread leading decliners after the company's earnings report sparked concerns about its coffee chain Costa, reports MarketWatch. The FTSE 100 index was marginally lower at 7,524.20, ...en meer »
  
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• Government called on to let data breach victims force compensation

  24-10-2017 08:01
  Consumer organisation Which? is calling for an amendment to the data protection bill to create new rights Consumer organisation Which? is calling on the government to create new rights for people who have been the victims of a corporate data breach.The group wants the data protection bill, currently being debated in Parliament, to be amended so that independent organisations, such as Which? itself, can fight for collective redress for corporate wrongs. Continue reading...
  
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• How do I get ParkingEye to believe a disabled friend?

  24-10-2017 08:00 via theguardian.com
  She parked in one car park with a blue badge, but it claims she was in anotherI am acting on behalf of a friend – who is 80 and has terminal cancer – in her battle with ParkingEye. She parked at the short-stay Castle car park in Southampton, displaying her blue badge, for no more than half an hour. A few days later she got a demand for £160 claiming she had parked illegally. ParkingEye claimed disabled parking is only allowed in marked bays. But it also suggested she had parked
  
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