Financial news

• Case against former Pakistani PM falters as UK denies access to financial ... - Arab News

  07-11-2017 20:31
  Arab News
  Case against former Pakistani PM falters as UK denies access to financial ...
  Arab News
  ISLAMABAD: The ongoing corruption case against Pakistan's former Prime Minister Nawaz Sharif and some of his family has stalled after UK authorities turned down a request from Pakistan's National Accountability Bureau (NAB) for information about the ...en meer »
  
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• Rupert Murdoch's media empire may not last his lifetime | Nils Pratley

  07-11-2017 20:02 via theguardian.com
  Disney did not buy 21st Century Fox’s film and TV operations but other bidders will surely circle. Is Murdoch now a seller, not a buyer?It used to be said that Rupert Murdoch’s media empire would not survive intact beyond the founder’s lifetime. Now, it seems, it may not get that far.The stunning news is that Murdoch’s 21st Century Fox held talks with Disney about a sale of the bulk of its business – the movie studio, TV production and the international operations i
  
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• Tariffs and trade in the real post-Brexit world | Letters

  07-11-2017 19:53
  Karl Jones, and Gerald Mason of Tate and Lyle, respond to discussions on how Britain will trade with the world after it leaves the European UnionI read with a sense of deja vu the letter by Tim Worstall (6 November) in which he suggested that charging zero tariffs on imports would make us richer. I’m still confused about how this might be the case.True, charging zero tariffs on foreign goods should make them cheaper, provided that we ignore the drop in the value of the pound associated wit
  
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• Rent should count towards credit ratings | Letters

  07-11-2017 19:53
  How many people realise that their rental payment history could help them access more affordable credit, asks the Big Issue founder John BirdBrightHouse say they offer choice to those excluded from mainstream credit (At last, it’s payback time for BrightHouse, 28 October). “As long as it’s affordable and people are making an informed decision they should be allowed to choose how to spend their money.” But there’s a problem. BrightHouse isn’t affordable. £
  
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• UK tweaks offer on citizens' rights ahead of Brexit talks - Financial Post

  07-11-2017 18:44
  Finance News (press release)
  UK tweaks offer on citizens' rights ahead of Brexit talks
  Financial Post
  LONDON — Britain is promising European Union citizens the right to appeal if they are denied permission to live in the U.K. after Brexit — part of an improved offer ahead of a new round of divorce talks this week. The status of citizens affected by ...
  Trade Deals Poised To Hold Up BrexitFinance News (press release)alle 351 nieuwsartikelen »
  
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• BITCOIN BOUNCE BACK: Cryptocurrency to burst through £6,000 value, says Goldman Sachs 

  07-11-2017 18:21 via feedproxy.google.com
  CRYPTOCURRENCY Bitcoin is about to be hit the £6,000 mark despite failing £450 over the weekend, according to an analyst at US bank Goldman Sachs.
  
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• Push-payment fraud victims could receive compensation, says regulator

  07-11-2017 18:12
  The Payment Systems Regulator says current procedures for dealing with the fraud are inconsistent and do not offer sufficient protectionSome people who have been tricked into transferring money to fraudsters would be eligible for compensation under new plans designed to tackle this fast-growing crime.
  Banks typically refuse to reimburse victims of bank transfer scams, where people are conned into sending cash to a fraudster’s account, but the Payment Systems Regulator (PSR) is proposing a
  
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• SSE and npower in talks to create giant UK energy supplier

  07-11-2017 18:07
  New business would combine the two electricity and gas companies’ 13 million customersSSE and npower, two of the UK’s biggest energy companies, are planning to combine their household energy supply businesses in a potentially seismic shake-up of the market.The two firms said they are in well-advanced talks to create a new independent energy supply firm. The new business would combine the 13 million customers they currently supply with electricity and gas. Continue reading...
  
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• Bitcoin $10,000 price: Is it achievable or will the bitcoin bubble burst?

  07-11-2017 17:59 via feedproxy.google.com
  BITCOIN prices were hit with a slight dip after soaring past £5718.75 last week, but some experts are still confident bitcoin could reach £7625 per token.
  
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• REALLY?! ECB chief Draghi praises reforms - while Italy crumbles under debt CRISIS

  07-11-2017 16:24 via feedproxy.google.com
  EUROPEAN Central Bank president Mario Draghi has praised reforms of European banks, seemingly ignoring warnings Italian financial firms may never recoup their bad debts.
  
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• Choc horror: fans outraged by Nutella's secret recipe change

  07-11-2017 14:25
  Company admits it has ‘fine-tuned’ the chocolate spread to include more fat, more sugar and fewer hazelnutsIt’s the gloopy chocolate and hazelnut spread that has become a worldwide food phenomenon, whether slathered on toast or eaten straight from the jar by the spoonful.But aficionados of Nutella are up in arms after discovering that the recipe has been secretly changed, with more sugar and fat – but fewer hazelnuts.Continue reading...
  
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• City Pub Group to ramp up expansion with plan to raise £30 million from Aim float

  07-11-2017 14:08 via feedproxy.google.com
  THE City Pub Group is to step up expansion by raising £30 million from a float.
  
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• House prices rising at fastest rate since start of year, says Halifax

  07-11-2017 14:01
  Estate agents dismiss idea that pick-up in price growth is due to people grabbing best mortgage rates since last week’s rate riseHouse prices in the UK are rising at their fastest rate since the start of the year, largely due to a shortage of homes on the market, according to mortgage lender Halifax.
  Its house price index shows property values up 4.5% between August and October compared with the same period in 2016, the fastest pace of growth since February. The average house price was up
  
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• Tax avoidance may be legal but it’s bankrupting our social order | Owen Jones

  07-11-2017 13:28
  The Paradise Papers show tax avoiders thrive by exploiting legal loopholes, at the expense of a state they refuse to contribute to. This rotten system must be replacedIn the coming days, you will hear this response from the defenders of our rotten status quo. “What the Paradise Papers has exposed is legal, so what is the problem?” They have an agenda, of course. They want to demonise the very concept of taxation because they want to roll back the state and construct a free-market &ld
  
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• UK retail sales falter in 'meagre' October, but house prices climb – business live

  07-11-2017 12:03 via theguardian.com
  All the day’s economic and financial news, including a worrying drop in non-food sales in the UK and the Halifax’s house price surveyLatest: Halifax says house prices jumped by 4.5% in OctoberUK retail sales fell 1% in October
  Non-food sales worst hit
  Could FTSE 100 hit a record high today? 11.03am GMTIn another sign that shoppers are cutting back, sales at John Lewis’s department stores fell by 3.7% last week compared to a year earlier.Takings in the seven days to 4th November
  
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• Fifth of UK motorists already concerned about financial impact of ... - The Independent

  07-11-2017 11:57
  The Independent
  Fifth of UK motorists already concerned about financial impact of ...
  The Independent
  A fifth of UK motorists are already concerned about the financial impact of the Government's plan to ban sales of diesel and petrol cars by 2040, a new survey ...en meer »
  
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• Fifth of UK motorists already concerned about financial impact of 2040 diesel ... - The Independent

  07-11-2017 11:56
  The Independent
  Fifth of UK motorists already concerned about financial impact of 2040 diesel ...
  The Independent
  A fifth of UK motorists are already concerned about the financial impact of the Government's plan to ban sales of diesel and petrol cars by 2040, a new survey shows. Just over 20 per cent of people questioned by AA Cars in a survey of more than 18,500 ...en meer »
  
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• HBOS: it was us or nationalisation, ex-Lloyds boss tells court

  07-11-2017 11:51 via theguardian.com
  Eric Daniels, former CEO, tells high court that Lloyds Banking Group’s takeover in 2008 was on commercial terms and was not a ‘rescue’The former chief executive of Lloyds Banking Group was warned by the Bank of England the only alternative for HBOS was nationalisation if Lloyds did not take it over in 2008, the high court has heard.Eric Daniels rejected claims that the government backed the deal, adding that it was done on commercial terms and was not a “rescue”. Co
  
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• Moving day: how to make it work on a budget

  07-11-2017 11:06
  Moving day doesn’t have to cost the earth. We asked a serial mover for tips and tricksIn 10 years, I’ve moved over 10 times. I’ve moved when technology such as Uber has created convenience (albeit at a cost) and I’ve moved when time is not an object but money is – yes, I have previously lugged all of my things across London on public transport, and it’s not pretty. I’ve made enough mistakes to go around, but with organisation and planning you don’t
  
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• Pound LIVE: Sterling up on euro as single market hit by drop in German industrial output

  07-11-2017 10:33 via feedproxy.google.com
  THE pound rose 0.14 per cent against the Euro to £1.1362 on Tuesday morning after German industrial production fell by twice as much as analysts expected.
  
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• UK retail sales falter in 'meagre' October – business live

  07-11-2017 09:58 via theguardian.com
  All the day’s economic and financial news, including a worrying drop in non-food sales in the UK and the Halifax’s house price surveyUK retail sales fell 1% in October
  Non-food sales worst hit
  Could FTSE 100 hit a record high today? 8.58am GMTUK house price inflation has accelerated again, according to the latest survey from Halifax.The lender reports that house prices rose by 4.5% in the last quarter, compared to a year ago. That’s up from 4% a month ago, and the fastest annua
  
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• Airbnb’s not-so-superhost’s last-minute cancellation cost thousands

  07-11-2017 08:00 via theguardian.com
  My sister is disabled and we booked a year in advance for a course in AmsterdamMy sister and I booked a yoga and shiatsu course in Amsterdam a year in advance. She is disabled and uses a wheelchair and walking stick. We booked on Airbnb and selected a “superhost” close to the yoga studio. Six days before arrival the host cancelled because the city had stopped her renting on Airbnb. Our booking cost just under £1,700, whereas a stay in the same area for 17 nights is between &pou
  
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• Retailers urge 'shoppers' budget' as figures point to squeeze

  07-11-2017 07:40 via theguardian.com
  Pre-Christmas trading off to poor start with weakest growth non-food spending in more than five years, says BRCBritain’s hard-pressed retailers have urged the chancellor to deliver a budget for shoppers later this month after the latest snapshot of activity in the high street showed consumers under further pressure in October.The British Retail Consortium said like-for-like sales in October had fallen 1% compared with the same period last year. The key pre-Christmas trading period had star
  
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• Is Xavier Rolet being forced out as London Stock Exchange chief? | Nils Pratley

  07-11-2017 07:39 via theguardian.com
  The LSE announced its successful boss will leave at the end of next year – but is in no hurry to give a clear explanationDid the board of the London Stock Exchange demand that its chief executive quit against his wishes? This simple question, you would assume, could be answered with little fuss. All that is required is an answer from either the chairman, Donald Brydon, or the chief executive himself, Xavier Rolet.Yet, more than a fortnight after the LSE announced that Rolet will leave at t
  
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• Government failing to protect jobs of new mothers, says charity

  07-11-2017 07:01
  Maternity Action says ministers pledged to act on the issue but have done nothing to protect women from unfair redundancyThe government has been accused of failing to act on a pledge to review redundancy protections for pregnant women and new mothers, as a report warned current laws were insufficient.The Maternity Action charity said ministers committed to a review in January, but have not consulted on the issue since then nor provided any timeframe for doing so.Continue reading...
  
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• Pound V euro: GBP makes gains even as desperate UK retailers call for ‘shoppers’ budget’

  07-11-2017 01:01 via feedproxy.google.com
  NEW DATA has shown that UK retail sales slumped during October, but the pound to euro exchange rate has managed to hold above opening levels today.
  
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• Merkel’s nightmare: Deutsche Bank set to ramp up risky lending

  07-11-2017 01:01 via feedproxy.google.com
  GERMANY'S Deutsche Bank has swelled its corporate finance division as it plans to retake its pre-crisis place in the leveraged loan market.
  
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• M&S Christmas ad uses Paddington Bear to target family audience

  07-11-2017 01:01 via theguardian.com
  Campaign, which makes debut on Tuesday, is linked to 90 products and has charity tie-in, echoing tactics used by John LewisMarks & Spencer has followed the John Lewis festive playbook with a Paddington Bear-fronted Christmas campaign that embraces instore events, cuddly toys and a charity tie-in.“Paddington and the Christmas Visitor” will be linked to 90 products including a £12 soft toy version of Paddington and a £42 duffel coat. An expected £200,000 in profit
  
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• London Stock Exchange denies boss Xavier Rolet was 'forced out'

  07-11-2017 01:01 via feedproxy.google.com
  THE London Stock Exchange insisted it has followed the “proper process” to replace its chief executive after a claim that Xavier Rolet is being forced out.
  
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• Brexit uncertainty is jeopardising public finances, watchdog warns

  07-11-2017 01:01 via theguardian.com
  Economy is facing significant risks which could be exacerbated by unexpected developments, says National Audit Office reportPhilip Hammond, the chancellor, has been warned by Whitehall’s spending watchdog that continuing uncertainty over Brexit could jeopardise the public finances. In a report released on Tuesday, the National Audit Office (NAO) says high levels of government borrowing since the financial crash meant there are already significant risks to the UK’s finances. Continue
  
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• Aldermore agrees £1.1 billion takeover by South African financial services group FirstRand

  07-11-2017 01:00 via feedproxy.google.com
  UK CHALLENGER bank Aldermore has agreed to be taken over by South African financial services group FirstRand in a £1.1 billion deal.
  
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