Financial news

• Divorce: A five-minute guide to dealing with finances after a marriage split

  05-11-2017 19:33 via feedproxy.google.com
  DIVORCE rates may have fallen over the last decade, but the bad news is that older people are increasingly bucking the trend.
  
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• Philip Hammond urged to SCRAP stamp duty tax on property purchases amid budget plan

  05-11-2017 19:14 via feedproxy.google.com
  AS Chancellor Philip Hammond prepares to deliver his Budget later this month, the clamour is growing for him to scrap one of the UK’s most hated taxes: stamp duty on property purchases.
  
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• Fraud level is 'the tip of the iceberg' as fraudsters scam THIS much a year

  05-11-2017 19:02 via feedproxy.google.com
  FRAUDSTERS con people out of more than £250million a year with bad investments and that maybe the “tip of the iceberg”, according to the Financial Conduct Authority.
  
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• Revealed: Glencore's secret loan to secure DRC mining rights

  05-11-2017 19:00 via theguardian.com
  Paradise Papers show world’s biggest miner lent millions to Israeli billionaire on condition authorities agreed to a deal• The inside story of Glencore’s hidden dealings in DRCThe world’s largest mining company, Glencore, secretly loaned tens of millions of dollars to an Israeli billionaire after it enlisted him to secure a controversial mining agreement in the Democratic Republic of the Congo, the Paradise Papers reveal.The documents show in forensic detail how the mining
  
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• Small businesses FEAR difficulty of investment due to econmic uncertainty

  05-11-2017 18:44 via feedproxy.google.com
  MORE than half of small businesses are worried that the current economic uncertainty will make it difficult for them to secure investment next year, according to payments giant WorldPay
  
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• UK's biggest rail franchise to be broken up

  05-11-2017 18:40 via theguardian.com
  Govia Thameslink Railway which includes the troubled Southern service is to be split up in 2021 when franchise expires, government announcesBritain’s biggest rail franchise, which includes the strike-hit Southern service, is likely to be broken up when it expires in 2021, the government has said.
  Passengers on Southern have experienced widespread disruption since it was incorporated into Britain’s biggest rail franchise, run by Govia Thameslink Railway (GTR), in 2015. Continue readin
  
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• Not just for over-55s! M&S chairman says chain needs younger clothing

  05-11-2017 16:19 via theguardian.com
  Internal report of Archie Norman’s comments during store visit comes as underperforming retailer looks poised to launch tougher turnaround planThe new Marks & Spencer chairman Archie Norman has told senior managers that the retailer needs to cut clothing prices and that too much of its fashion is aimed at the over-55s.During a recent store visit, Norman, who was in charge at Asda when it launched its George clothing ranges, told staff that M&S needed to attract women in their thirt
  
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• The clock is now ticking for people to get their finances in order, says GEOFF HO

  05-11-2017 15:49 via feedproxy.google.com
  INVESTMENT guru Warren Buffet once remarked “only when the tide goes out do you find out who’s been swimming naked”, which is a colourful way to say that downturns expose people that take on too much risk when times were good.
  
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• Missing pay rises: the ever deepening economics mystery | Larry Elliott

  05-11-2017 12:18 via theguardian.com
  Economics is gripped by its own mystery drama: why are central banks setting interest rates on the basis of a seemingly broken economic model?As mysteries go, it doesn’t rank with Murder on the Orient Express or the identity of Gerald the mole in Tinker Tailor Soldier Spy but the economics profession is currently gripped by its own drama.This story won’t make it to the silver screen with starring roles for Kenneth Branagh or Judi Dench, but a lot depends on how it ends. For central b
  
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• Struggling Brexit Britain can barely afford this rise in rates | William Keegan

  05-11-2017 08:00 via theguardian.com
  Ten years of austerity has put the UK in the doldrums: that fact, coupled with the referendum, means there is scarcely a need to dampen things down furtherYou can look at it two ways. After ten years of inertia, Bank rate has doubled. Or: after 10 years of inertia, Bank rate has been raised by one quarter of one per cent, to half of one per cent. Big deal!Of course, for most businesses and individuals, the official rate is meaningless. It is the rate to which everything else is geared, but every
  
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• Ruined, but Johnsons dry cleaner only offered me half the cost of ‘priceless’ wedding dress

  05-11-2017 08:00 via theguardian.com
  I spent £250 to have it cleaned and boxed to save it forever, but it was damaged front and backI sent my designer wedding dress to Johnsons dry cleaners/Timpson for a post-wedding clean which cost £250 – but it’s now unwearable with chemical discolouration to the front and back. I had bought it for £2,300 in a sample sale and paid £175 for alterations. I sent the company these receipts. Firstly, I did not receive an apology. Then it offered 50% of the cost as,
  
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• Why we can't have nice things: dockless bikes and the tragedy of the commons

  05-11-2017 05:00 via theguardian.com
  Behind this bucolic industry is a multibillion-dollar battle between China’s big tech companies and Silicon Valley, and the nightmare of vandals and parkingIf there is one sad fact that technology has taught us, it’s maybe that we just can’t have nice things. Now Washington DC has become the latest testing ground for what happens when technology and good intentions meet the real world.Brightly coloured bikes began popping up around the US capital in September like little advert
  
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• Supermarkets ‘must consolidate’ as margins too small to support major players

  05-11-2017 01:01 via feedproxy.google.com
  SUPERMARKET giants will need to consolidate or acquire businesses to diversify their earnings as their margins are “unsustainable”, according to the head of one of the grocery sector’s biggest firms.
  
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• Piccolo raises funds to ‘Brexit-proof’ its expansion

  05-11-2017 01:01 via feedproxy.google.com
  PICCOLO, the organic baby food firm backed by Great British Bake Off judge Prue Leith, has raised fresh finance to fund its expansion outside of Britain and Europe.
  
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