Financial news

• HSBC profits SOAR thanks to Asia loans

  30-10-2017 23:24 via feedproxy.google.com
  HSBC’S quarterly profits soared to $4.62billion as it pushed ahead with cost-cutting and reaped the rewards of growth in Asian markets.
  
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• Force all gambling firms to pay levy for addiction treatment, says charity

  30-10-2017 21:03 via theguardian.com
  Betting companies are failing to honour pledge to donate to care, says leading charity GambleAwareGambling firms are failing to honour a pledge to donate part of their income to fund addiction treatment and should be forced to do so by law, the UK’s leading problem-gambling charity has said.GambleAware told the Guardian it had lost patience after companies’ failure to pay left it facing a funding shortfall that risked undermining its efforts to help addicts. Continue reading...
  
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• In defence of McDonald’s care rooms for families of sick children | Letters

  30-10-2017 20:03 via theguardian.com
  Miranda Rowland’s personal experience underpins her positive viewWhile I am sympathetic to Rachel Clarke’s argument about CareRooms (Opinion, 28 October), her sarcastic tone undermines her case. There are 14 Ronald McDonald Houses at hospitals in the UK, and more globally. They are situated close to children’s hospitals, providing, free of charge, home-from-home accommodation for families with seriously ill children, in hospitals that are often far from where they live. The hou
  
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• Asda chief executive Sean Clarke steps aside as chain seeks recovery

  30-10-2017 19:40 via theguardian.com
  Deputy Roger Burnley to take over as pressure grows to revive grocer’s fortunes amid stiff competition from Aldi and Lidl Asda has parted company with its chief executive after only 18 months, despite recent signs that a trend of falling sales, amid a price war with discounters Lidl and Aldi, was being arrested.The supermarket chain, whose US parent, Walmart, is the world’s largest company by revenue, said Asda’s chief executive, Sean Clarke, would be replaced by his deputy, Ro
  
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• Homeowners ‘flock to remortgage as first interest rate hike in a decade looms’

  30-10-2017 19:34 via feedproxy.google.com
  HOMEOWNERS braced for the first interest rate hike in a decade are flocking to remortgage and lock into a cheaper deal.
  
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• UK faces new £20bn budget black hole –as it happened

  30-10-2017 18:49 via theguardian.com
  Weak productivity and Brexit uncertainty make it hard for chancellor Philip Hammond to see tax cuts or spending increases in next month’s Budget UK deficit to heighten pressure on chancellor
  Introduction: IFS report gives Hammond a headache
  How can Hammond raise spending without raising taxes?Letwin: We need a new tax to fund NHSSpain has grown twice as fast as the UK 5.49pm GMTIn an uncertain day ahead of a busy week, the Spanish stock market bucked the trend and jumped sharply on hopes t
  
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• UK Firms' Financial Reporting More Transparent: FRC - Tax-news.com

  30-10-2017 16:56
  UK Firms' Financial Reporting More Transparent: FRC
  Tax-news.com
  Whilst corporate reporting by large listed companies is generally good, detailed explanations and clarity could still be better, according to the Financial Reporting Council's (FRC's) recently released Annual Review of Corporate Reporting. The FRC's ...
  
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• Touts threaten UK's £4.5bn music industry, survey reveals

  30-10-2017 16:50 via theguardian.com
  Mass online touting causing long-term damage and ripping off fans as poll finds strong support for limiting resale prices at face valueThe UK’s £4.5bn music industry is under threat because fans’ cash is being diverted from their favourite acts, as they fork out for tickets sold by touts at vast mark-ups, according to a survey.The survey, released by anti-tout campaign group FanFair Alliance on Monday, found that two-thirds of respondents who had paid more than face value for a
  
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• Free-to-use Link ATMs across the UK at risk of being closed down

  30-10-2017 15:08 via theguardian.com
  Network likely to overhaul 70,000 cash machines after fears that row over membership fees could mean fresh chargesHundreds of free-to-use cash machines are at risk of being closed down on high streets across the UK as a result of proposals being published this week to overhaul the 70,000-strong Link network.The ideas are being put forward by the board of Link, 10 months after a row over the fees the members of the network charge each other for using cash machines sparked fears that customers cou
  
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• Bitcoin hits RECORD HIGH: Cryptocurrency rallies at over 500% in a year

  30-10-2017 15:01 via feedproxy.google.com
  BITCOIN reached the $6,300 mark - hitting a new record high.
  
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• Form 8.3 - Sky plc - Business Wire (press release)

  30-10-2017 14:54
  Form 8.3 - Sky plc
  Business Wire (press release)
  The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c), Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each ...en meer »
  
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• Goldman Sachs boss issues veiled threat over Brexit job exodus from London

  30-10-2017 14:16 via theguardian.com
  Lloyd Blankfein tweets picture of £350m HQ under construction with message ‘hoping to fill it up, but so much is outside our control’ The boss of Goldman Sachs has waded back in to the debate over Brexit by issuing another veiled threat about the Wall Street firm’s employment plans in London as a result of the UK’s vote to leave the EU.Lloyd Blankfein sent a tweet of an aerial shot of the new £350m European headquarters the bank has under construction in Londo
  
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• Waiting game may pay for Barclays investors - SHARE HUNTER

  30-10-2017 14:07 via feedproxy.google.com
  IN SOME ways Barclays has made very impressive progress this year. The “Bad Bank”, containing underperforming and unwanted businesses, has been wound up, and the group has exited its majority holding in Barclays Africa.
  
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• Is capital gains tax liable on an inherited property?

  30-10-2017 13:38 via theguardian.com
  For 15 years I’ve never really lived in the property, and now I plan on selling itQ I retired 10 years ago and split my time between my holiday home in the Algarve for six months of the year and travelling in my motor home. I do not have a main residence in the UK, but I did inherit a flat which I have rented out for approximately 15 years – although when I have needed to work on it I have lived there.This year I will be 65 and want to sell the flat and buy a main residence for mysel
  
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• UK's Financial Conduct Authority Publishes Data On Progress Toward Diversity ... - Exchange News Direct

  30-10-2017 13:36
  UK's Financial Conduct Authority Publishes Data On Progress Toward Diversity ...
  Exchange News Direct
  The Financial Conduct Authority (FCA) has today published a package of information on the progress the organisation is making towards achieving its diversity targets and details of its gender pay gap. The FCA has set a target of 45% of its senior ...en meer »
  
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• HSBC says it will wait as long as possible before moving jobs out of UK

  30-10-2017 13:20 via theguardian.com
  Bank says Brexit transition arrangement needs to be in place before end of year as uncertainty could curtail UK investmentThe chief executive of HSBC has said Britain’s biggest bank will wait as a long as possible before shifting jobs out of London as a result of Brexit, but warned that continued uncertainty could curtail foreign investment in the UK.Stuart Gulliver said that a transition arrangement, which industry groups have said needs to be in place by the end of the year, needed to co
  
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• Surge in UK consumer borrowing fuels likely interest rate rise

  30-10-2017 13:13 via theguardian.com
  The 9.9% annual growth figure further adds to concerns of unmanageable debt among UK householdsConsumers maintained their borrowing habit in September, as a near-double-digit increase in lending to households left the Bank of England on track to raise interest rates on Thursday.The pace of annual consumer credit growth was 9.9% last month, according to figures from the central bank, as borrowing on credit cards, overdrafts and unsecured loans jumped. Continue reading...
  
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• How to buy bitcoin in the UK: Cash, wallets, price and everything you need to know

  30-10-2017 13:08 via feedproxy.google.com
  CONFUSED by Bitcoin? Here’s everything you need to know about the cryptocurrency, how to open a wallet, secure it, and get the best prices.
  
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• UK construction enters recession amid warning of “biggest financial crisis in 30 ... - GCR

  30-10-2017 12:44
  GCR
  UK construction enters recession amid warning of “biggest financial crisis in 30 ...
  GCR
  The UK construction industry is officially in recession now having contracted for the second quarter in row according to the latest figures from the country's Office of National Statistics (ONS). The data was released as the head of an influential ...
  
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• Labour targets older voters with assault on Tory economic credibility

  30-10-2017 12:04 via theguardian.com
  Party planning offensive to counter view held by some voters that the Tories are stronger on the economy
  Jeremy Corbyn will place older voters at the heart of a new strategy that will challenge the Conservative party’s economic credibility, the Guardian understands. Labour believes that over-50s and pensioners are among three key groups it needs to win over if it is to raise its vote share from 40% to the 45% needed to secure a Commons majority.Continue reading...
  
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• Made in Dagenham? Sadiq Khan hails plan for film studio as 'rare chance'

  30-10-2017 11:48 via theguardian.com
  Plan for new studio in London edges closer as study portrays eastern site as ‘ideal and rare opportunity’ for world-class facilitiesA new Hollywood-scale film studio planned for Dagenham East has come a step closer after the London mayor, Sadiq Khan, said a study has shown the site is an ideal location and a “rare chance” to build the first new TV and film studio in the capital in 25 years.The next step is to find investors to back development of the up to 20-acre (eight-
  
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• Are premium bonds any good as an 18th birthday present?

  30-10-2017 11:25 via theguardian.com
  I want to get them for my goddaughter but my wife reckons no one ever winsEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• This egregious tax loophole costs the UK £8bn every year. Let’s close it | Stella Creasy

  30-10-2017 11:00 via theguardian.com
  While British residents and companies have to pay tax on commercial property sales, foreigners don’t. This manifest unfairness must endWhat if there actually is a magic money tree? A fair and reasonable way to raise cash? Halloween may be a time of ghosts and legends, but for the sake of our public finances it’s time we stopped pretending this is a mythical entity.There is a country that taxes British residents, and British companies, when they make money on selling commercial real e
  
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• Average UK debt at £8,000 per person (not including the mortgage)

  30-10-2017 09:50 via theguardian.com
  Survey reveals 6m Britons fear never being debt-free with 25% struggling to make ends meet and 62% worried about personal debt levelsMore than 6 million Britons don’t believe they will ever be debt free, according to new research which has also found the average person in the UK owes £8,000 – on top of any mortgage debt.Almost a quarter of all Britons said they are struggling to make ends meet, while 62% said they were often worried about their levels of personal debt, accordin
  
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• Financial concerns see charities rethinking investments, report shows - UK Fundraising

  30-10-2017 08:49
  UK Fundraising
  Financial concerns see charities rethinking investments, report shows
  UK Fundraising
  Need for income and the impact of political uncertainty are the biggest concerns for charities when considering their investments, a Brewin Dolphin study has found. The Brewin Dolphin study Charity Investment: What Matters Most? looks at what UK ...
  
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• Financial Update - Business Wire (press release)

  30-10-2017 08:10
  Financial Update
  Business Wire (press release)
  China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following financial update. Banking Facility ...
  
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• No comfort for widow in chair row

  30-10-2017 01:01 via feedproxy.google.com
  TROUBLES piled up for housebound widow Doreen De Wandel after she paid £4,000 for a custom-made recliner chair that proved too painful to use.
  
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• Fourth industrial revolution could unlock £445bn for UK, report reveals

  30-10-2017 01:01 via theguardian.com
  Report led by Jürgen Maier says deal between government and industry could put Britain at forefront of new technologies and create thousands of new jobsBritain’s manufacturing sector could unlock £455bn over the next decade and create thousands of jobs if it cracks the fourth industrial revolution and carves out a successful post Brexit future.That is the conclusion of a government commissioned review on industrial digitalisation, published today and led by industry chief Jü
  
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• BOMBSHELL REPORT: UK is top nation for investors in Europe - despite Project Fear

  30-10-2017 01:01 via feedproxy.google.com
  GLOBAL business has shrugged off growing scaremongering at Brexit as UK is still the preferred country to invest in within Europe, according to Ernst & Young .
  
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• Battles over music and sports streaming dominate high court

  30-10-2017 01:01 via theguardian.com
  Nearly 300 cases were brought by the Football Association and performance rights bodies in year to March, study showsThe legal battle against music piracy and the illegal streaming of top-flight football such as Premier League matches dominates cases in the high court, an analysis shows.Football and music bodies were the top three claimants last year, bringing almost 300 cases against pirates in the ongoing battle to protect the value of the multi-billion pound industries. Continue reading...
  
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• Apple shares jump as iPhone X pre-orders go 'off the charts'

  30-10-2017 01:01 via feedproxy.google.com
  SHARES in Apple jumped on Monday after the US tech giant reported strong pre-orders of the iPhone X ahead of the new smartphone's launch on Friday.
  
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• AllSaints fashion boosted as international expansion sees annual sales jump

  30-10-2017 01:01 via feedproxy.google.com
  FASHION retailer AllSaints has shrugged off a slide in full-year earnings, as costs linked to its international expansion and tech investments paid off with a 20 per cent jump in annual sales.
  
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