Financial news

• Inflation in London Outstrips Rest of UK - Financial Tribune

  04-11-2017 21:40
  Financial Tribune
  Inflation in London Outstrips Rest of UK
  Financial Tribune
  L ondon households have experienced inflation almost a third higher than those outside the capital over the last 20 years, according new findings. Inflation, an increase in prices and associated fall in purchasing power, is calculated by looking at the ...
  
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• Meeting Netanyahu, UK's May Reaffirms Iran Deal Commitment ... - Financial Tribune

  04-11-2017 21:34
  Financial Tribune
  Meeting Netanyahu, UK's May Reaffirms Iran Deal Commitment ...
  Financial Tribune
  B ritish Prime Minister Theresa May reaffirmed London's commitment to the 2015 nuclear accord in a meeting with her Israeli counterpart, Benjamin Netanyahu, ...en meer »
  
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• Sprint and T-Mobile call off merger talks after failure to reach agreement

  04-11-2017 20:41 via theguardian.com
  Joint statement ends negotiations over a possible merger, something the two wireless carriers have been dancing around for yearsWireless carriers Sprint and T-Mobile have called off a potential merger, saying they could not come to an agreement that would benefit customers and shareholders. The two companies have been dancing around a possible merger for years, and were again in the news in recent weeks with talks of coming together after all. But in a joint statement Saturday, Sprint and T-Mobi
  
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• Trump's unusual plea to Saudis: list your oil company on New York Exchange

  04-11-2017 17:48 via theguardian.com
  US president tweets he would ‘very much appreciate’ if Saudi Arabia would list its state-run oil company Saudi Aramco, due to go public in 2018, on NYSEDonald Trump pleaded on Saturday for Saudi Arabia to list its massive state-run oil company, Saudi Aramco, on the New York Stock Exchange (NYSE).While previous presidents have championed the NYSE’s role in international finance – Ronald Reagan and George W Bush visited the floor during their presidencies – typically
  
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• Services sector smashes expectations with fastest expansion for six months

  04-11-2017 17:10 via feedproxy.google.com
  BRITAIN’S growth prospects brightened as the powerhouse services sector smashed expectations with its fastest expansion for six months in October.
  
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• Sony comes back from the brink, and it’s not all thanks to Spider-Man

  04-11-2017 17:00 via theguardian.com
  After losing more than £3bn in 2012, Japan’s tech giant is fighting its way back to record profits under Kazuo Hirai, partly by working with Apple rather than trying to beat it. Investments in PlayStation and TV production have also helpedSix years after reporting its biggest-ever loss, Sony is no longer a conglomerate in freefall. Last week the Japanese group behind the Bravia TV set, the PlayStation, Beyoncé and the Spider-Man films said it was on track to set a new annual p
  
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• Airbus braces for a difficult landing after a year of corporate confessions

  04-11-2017 17:00 via theguardian.com
  The company is facing numerous concurrent investigations into alleged corruption. Why? Because, in most cases, it voluntarily turned itself in“Prepare for turbulent and confusing times” is rarely a reassuring injunction, least of all in an all-staff email from the boss. But those were the words of Thomas Enders, chief executive of Airbus, as he warned employees in October that they would soon be reading about yet another allegation of corruption in the morning papers.Within days the
  
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• Brexit doom-mongers have egg on face as economy continues to strengthen

  04-11-2017 11:59 via feedproxy.google.com
  LEAVERS who have predicted impending doom for the UK economy had egg on their faces once again as the FTSE 100 hit an all-time high yesterday, helped by rapidly expanding service sector.
  
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• Marks & Spencer poised to announce more store closures

  04-11-2017 10:00 via theguardian.com
  Falling profits and increasingly tough high street trading fuels expectations of a much bolder restructuring plan from M&SMarks & Spencer is expected to ramp up its store-closure plan next week as a result of falling profits and tough trading conditions on the high street.Last year M&S announced it would close 30 stores as part of an overhaul designed to slash by 10% the amount of shopfloor space devoted to its struggling clothing arm. But industry sources suggest M&S’s chi
  
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• Has Trump pulled off unlikely economic miracle? US economy confounds forecasters

  04-11-2017 08:05 via feedproxy.google.com
  AGAINST the experts’ forecasts Donald Trump seems to be turning the US economy around recording THREE per cent growth for the second quarter in a row.
  
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• Has Lloyds come up with a credible shrinking bank branch?

  04-11-2017 08:00 via theguardian.com
  Halifax, Bank of Scotland and Lloyds micro-branches have replaced counters with iPadsIt’s not just bars of chocolate, new homes and glaciers that are getting smaller – so are bank branches. Over the coming weeks and months, Lloyds Banking Group will be shrinking some of its existing high street outlets and turning them into “micro-branches”.These tiny branches won’t have traditional counters, so if you want to withdraw cash or pay money into your account you will ha
  
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• Barclays refuses to refund stolen £6,000

  04-11-2017 08:00 via theguardian.com
  When a debit card was ‘lost’ in the post, it was used with a pin to get the cash. But the bank won’t take actionA Barclays customer of more than 40 years has described her “profound shock” after the bank refused to refund £6,000 taken from her account after a replacement debit card sent in the post was stolen and used to make a series of cash withdrawals.Fran Pitcher, 62, who lives in Crouch End, north London, says she has no idea how the person who stole the
  
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• A home DNA kit for £130 – is it worth it?

  04-11-2017 08:00 via theguardian.com
  You’ve seen the ads: ancestry tests that can link you to long-lost relatives and, with just a small saliva sample, map your roots. I took the testI am not British. This came as a bit of surprise to me, given I was born in London to parents who had themselves been born in London, with a family history as pub tenants in the East End going back to the 1860s at least.But according to a DNA kit from Ancestry.com I’m only 9% British. It tells me I’m 47% Irish, 33% Belgian/Dutch/Germa
  
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• £100,000 pension pot? How to avoid being penniless at 80

  04-11-2017 08:00
  If you’d taken 7% a year from the year 2000 the cash would have run out by 2014. So what can you do?How long will your pension savings last in retirement? Analysis by investment advisers Hargreaves Lansdown suggests that drawing down much more than 5% a year could leave you penniless in your 80s. Related: Save three times your salary before you’re 40 to retire? That’s absurd advice | Merryn Somerset WebbContinue reading...
  
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• 10,000 ATMs are at risk of closing. Should we care? | Patrick Collinson

  04-11-2017 08:00 via theguardian.com
  Like telephone boxes, they could become a relic of a bygone ageAre we going to look back in a few decades and regard cash machines much in the same way we look at public phone boxes today – a relic of a bygone age, overtaken by new technology? Will some of us struggle to remember the last time we ever used one?We were warned this week that at least 10,000 of the 55,000 free-to-use machines in the UK are at risk of closing, victims of a bust-up at the network operator Link, and our shrinkin
  
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• 10,000 ATMs are at risk of closing. Should we care?

  04-11-2017 08:00 via theguardian.com
  Like telephone boxes, they could become a relic of a bygone ageAre we going to look back in a few decades and regard cash machines much in the same way we look at public phone boxes today – a relic of a bygone age, overtaken by new technology? Will some of us struggle to remember the last time we ever used one?We were warned this week that at least 10,000 of the 55,000 free-to-use machines in the UK are at risk of closing, victims of a bust-up at the network operator Link, and our shrinkin
  
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• Is a £300 Dyson hairdryer worth it?

  04-11-2017 07:59
  I don’t know if it’s madness to even consider itEvery 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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• UK Financial Conduct Authority Regtech - National Law Review - The National Law Review

  04-11-2017 00:33
  UK Financial Conduct Authority Regtech - National Law Review
  The National Law Review
  UK Financial Conduct Authority published on its website on using tech to enhance regulatory reporting model driven machine executable regulatory reporting.en meer »
  
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