Financial news

• UK to Launch Air Taxi - Financial Tribune

  24-11-2017 21:40
  Financial Tribune
  UK to Launch Air Taxi
  Financial Tribune
  A Guernsey-based company is set to launch an Uber-style on-demand air taxi service for passengers and freight, which it hopes will revolutionize the way we travel. Waves CEO Nick Magliocchetti came up with the idea after moving to Guernsey and ...
  
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• UK Consumer Confidence Slumps - Financial Tribune

  24-11-2017 21:34
  Financial Tribune
  UK Consumer Confidence Slumps
  Financial Tribune
  B rits are increasingly pessimistic about the state of the country and getting less likely to splash their cash, according to new data. Britain's consumer confidence sank 106.6 in November, down from 109.3 in October, according to an index produced by ...en meer »
  
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• UK's Favourite Meat Chain 'Grillstock' Could Face Closure Due to Financial Woes - LIVEKINDLY

  24-11-2017 21:31
  LIVEKINDLY
  UK's Favourite Meat Chain 'Grillstock' Could Face Closure Due to Financial Woes
  LIVEKINDLY
  Just over a week ago, “Leading UK supermarket, Tesco announced it will be closing its meat and seafood counter at six of its UK locations due to lack of customer interest”, said Jill Ettinger for LIVEKINDLY. Grillstock was established seven years ago ...
  
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• Black Friday 2017: all the best UK deals in one list

  24-11-2017 21:04 via theguardian.com
  Where to find the UK’s best Black Friday sale offers, from Amazon and Argos to John Lewis and TescoShoppers will splash out more than £2.5bn on Black Friday deals, as the UK continues its affair with the US-inspired discount day.Sales will continue over the weekend with £7.3bn expected to be spent between Friday morning and Monday night according to the Centre for Retail Research and the Vouchercodes website. Continue reading...
  
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• Black Friday sales rise in UK despite fewer shoppers on high street

  24-11-2017 19:38 via theguardian.com
  Online retailers attract bulk of spending with John Lewis reporting its busiest ever single hour of website salesBlack Friday 2017: the best UK deals all in one place Britain’s online retailers won the battle for sales on Black Friday with overall spending up on a year ago despite a drop in the number of shoppers visiting stores.As the annual shopping jamboree kicked off, a dip in web traffic figures and fewer shoppers out on the high streets suggested Britons were falling out of love with
  
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• The Transatlantic giving gap: rich Britons outdone by charitable Americans

  24-11-2017 19:29 via theguardian.com
  Although nearly £10bn was donated to UK charities last year, the wealthy in the US give far more of their cash to good causesBritons donated nearly £10bn to charity last year, but philanthropy in the UK has a long way to go before it matches the culture of charitable largesse in the US.The numbers illustrate the difference: an estimated $390bn (£293bn) was donated in the world’s largest economy in 2016. The sheer scale of the US, with a population five times the size of t
  
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• UK consumer confidence hits lowest level since Brexit vote - as it happened

  24-11-2017 19:02 via theguardian.com
  The Bank of England’s interest rate rise has made Britons gloomier about economic prospectsSurvey: UK consumer confidence has fallen sharply
  Details: Britons are more worried about house prices, household finances...German business confidence is boomingUK consumer confidence lagging behind US and EUBlack Friday - a bang or a whimper?6.02pm GMTHopes that Germany could yet form a coalition government after the Social Democrats held out the prospect of talks to break the current deadlock gave
  
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• Aviva offers equal paid parental leave to male and female staff

  24-11-2017 17:54 via theguardian.com
  Insurance company will allow up to a year off for parents, six months of which will be on full basic pay, regardless of genderThe insurance company Aviva is offering equal parental leave for men and women, with six months’ pay across the board, in a move that is meant to eradicate career impediments for female staff.
  Parents employed by Aviva will be offered the same benefit of up to a year’s leave, with 26 weeks of basic full pay “regardless of gender, sexual orientation or ho
  
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• Uber to take appeal over ruling on drivers' status to UK supreme court

  24-11-2017 17:51 via theguardian.com
  Case to determine whether taxi app drivers get improved rights such as guaranteed minimum wage and holiday pay
  Uber plans to appeal to the UK’s supreme court against a ruling that drivers should be classed as workers, setting the scene for a landmark legal battle with major implications for the gig economy.The taxi app lost a tribunal case brought by two drivers last year and tasted defeat for a second time earlier this month when the employment appeal tribunal (EAT) upheld the original de
  
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• Taste for champagne falls flat as half of Britons put £10 cap on fizz

  24-11-2017 17:50 via theguardian.com
  Prosecco and cava popularity still bubbling up as austerity leaves buyers unwilling to splash out on luxury French productMore than half of Britons now baulk at spending more than £10 on a bottle of sparkling wine, as prosecco and cava leave the taste for French champagne flat.
  Just two years ago only 39% of people said they would cap their fizz spending at a tenner. But the latest figures show 53% will not spend more than £10 on a bottle. Continue reading...
  
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• Coconut SHORTAGE: Pret A Manger customers in despair over popular breakfast porridge

  24-11-2017 17:43 via feedproxy.google.com
  THE UK is suffering from a global shortage of coconuts as aged palms and a poor crop yield has forced cafe chain Pret A Manger to take one of its best selling porridges off the menu.
  
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• Sports Direct criticised over plan to pay £11m to Mike Ashley’s brother

  24-11-2017 17:39 via theguardian.com
  Unions and investors dispute request for payout after review by law firm says he was denied bonus due to PR concernsSports Direct is facing criticism from unions and investors over a proposed £11m payout to the brother of Mike Ashley, the company’s founder and majority shareholder.Last year, Sports Direct was heavily criticised by its own shareholders and corporate governance experts after it emerged the sportswear retailer was paying a company owned by John Ashley to deliver online
  
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• Let’s move to Hereford: ‘Its heyday is yet to come’

  24-11-2017 17:30 via theguardian.com
  This isolated city near the Welsh border has a fine bone structure and hidden treasuresWhat’s going for it? There’s a marvellous carving in Hereford Cathedral of actual pigs in actual blankets. Pigs in blankets! I wish I could show it to you. I mention this only to demonstrate that Hereford is a city that hides many treasures. First, it is a city, although it does sometimes betray a whiff of provincialism. Nonetheless, its relative isolation out towards the Welsh border, and the inde
  
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• UK: PRA "Financial Management and Planning by Insurers" Consultation Paper ... - Lexology

  24-11-2017 17:22
  UK: PRA "Financial Management and Planning by Insurers" Consultation Paper ...
  Lexology
  The Prudential Regulatory Authority (PRA) has published consultation paper CP23/17 (CP) seeking views on its draft supervisory statement (SS) (which is set out in the Appendix to the CP) on the effective financial management and planning by insurance ...
  
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• 'It's absurd' Fury over IFS 'gloomy' Brexit Britain economic forecast

  24-11-2017 17:13 via feedproxy.google.com
  GLOOMY economic forecasts for Brexit Britain have been branded "absurd" by leading economists amid calls for Theresa May to capitalise on the UK leaving the EU.
  
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• North Korea economy THRIVES despite US sanctions in blow to Trump

  24-11-2017 16:37 via feedproxy.google.com
  NORTH Korea's economy continues to do well despite the United States slapping the nation with years of international sanctions in a blow to President Donald Trump and his plans to halt Kim Jong-un's nuclear programme.
  
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• Mortgage approvals in UK at lowest level for 13 months

  24-11-2017 16:20 via theguardian.com
  Bank agreements for homebuyers decline, seen by economists as further sign of British market downturn British banks approved the fewest mortgages for house purchases in more than a year in October, with economists warning the decline could signal the start of a downturn in the UK housing market.Mortgage approvals fell to a 13-month low of 40,488 last month, down from 41,576 in September, according to the industry trade body UK Finance. Continue reading...
  
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• British Gas owner Centrica hit by customer flight as shares plunge to 14-year low

  24-11-2017 15:18 via feedproxy.google.com
  CENTRICA shares plunged to a 14-year low yesterday as the British Gas owner warned of weaker profits after a mass exodus of customers.
  
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• Just Eat poised to enter FTSE 100 as takeaway site is now worth MORE than Sainsbury’s

  24-11-2017 14:51 via feedproxy.google.com
  ONLINE food order and delivery intermediary Just Eat is on course to enter the FTSE 100 after its stock market value rose higher than that of supermarket Sainsbury’s.
  
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• Slice of the profits: Just Eat’s magical valuation shows how much we love takeaways

  24-11-2017 14:37 via theguardian.com
  The online takeaway firm was recently valued at £5.6bn – more than Sainsbury’s – showing just how much British dining habits have changedName: Just Eat.Age: 16. Continue reading...
  
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• China slashes import tax as middle-class swells - major BOOST for Brexit Britain

  24-11-2017 14:23 via feedproxy.google.com
  CHINA'S new plan to slash import taxes on a wide range of consumer goods promises to boost the prospects of British products.
  
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• Amsterdam aims to score more Brexit wins after luring medicines agency

  24-11-2017 14:12 via theguardian.com
  Dutch leaders say the European regulator’s move from London is the result of years of effort to attract businessLike the prudent and pragmatic people they are, the team behind Amsterdam’s bid to host the European Medicines Agency had no champagne on ice the night the EU was choosing the new post-Brexit home for its drugs safety watchdog.“We’d massively lowered our expectations – it would have been tempting fate,” said one. “We thought European politics w
  
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• FTSE 100 firms shares drop as Brexit talks progress and Irish government in TURMOIL

  24-11-2017 14:05 via feedproxy.google.com
  UK shares fell as the pound rose this morning on the back of positive Brexit news.
  
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• There's Methodism in this madness – in pictures

  24-11-2017 13:51 via theguardian.com
  Fancy living in a corrugated iron former chapel?Continue reading...
  
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• Provident Financial executive chairman Manjit Wolstenholme dies

  24-11-2017 13:35 via theguardian.com
  Bradford-based doorstep lender appointed Wolstenholme to the role in August, with the aim of turning it aroundProvident Financial has announced that its executive chairman, Manjit Wolstenholme, has died aged 53.In a brief statement on Friday, the doorstep lender said Wolstenholme had “passed away suddenly” on 23 November. Continue reading...
  
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• Pound V euro: GBP exchange rate rally short lived as UK mortgage approvals plummet

  24-11-2017 13:34 via feedproxy.google.com
  AFTER sliding half a cent against the euro yesterday, the pound slipped against the common currency this morning as UK mortgage approvals fell more than expected last month.
  
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• Zimbabwe in DIRE need of economic reform: Nation MUST act quickly post-Mugabe, say IMF

  24-11-2017 13:09 via feedproxy.google.com
  ZIMBABWE troubles are far from over as the International Monetary Fund has warned that the country must act quickly to solve its deep financial woes.
  
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• Provident Financial announces death of executive chairman Manjit Wolstenholme - Belfast Telegraph

  24-11-2017 12:41
  Belfast Telegraph
  Provident Financial announces death of executive chairman Manjit Wolstenholme
  Belfast Telegraph
  In a statement, the company said the 53-year-old had “passed away suddenly” on Thursday November 23. Ms Wolstenholme joined the board in 2007, but was elevated to the executive chairman position in August after chief executive Peter Crook quit in the ...en meer »
  
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• UK Financial Conduct Authority Statement On LIBOR Panels - Exchange News Direct

  24-11-2017 11:55
  UK Financial Conduct Authority Statement On LIBOR Panels
  Exchange News Direct
  The Financial Conduct Authority (FCA) has confirmed that all 20 of the panel banks have agreed to support the LIBOR benchmark ensuring the sustainability of the rate until 2021. Andrew Bailey, FCA Chief Executive, set out in a speech earlier this year ...en meer »
  
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• Financial intelligence Director off to the UK to brush up on ... - Namibia Economist

  24-11-2017 10:32
  Namibia Economist
  Financial intelligence Director off to the UK to brush up on ...
  Namibia Economist
  The Director of the Financial Intelligence Centre in the Bank of Namibia, Ms Leonie Dunn, departs for the United Kingdom this weekend to attend a week-long ...en meer »
  
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• VAT fraud crackdown increases liability of website marketplaces

  24-11-2017 09:42 via theguardian.com
  Chancellor acts to stem £1.2bn yearly tax loss by making sites like eBay and Amazon jointly liable with sellers for due paymentsOnline marketplaces such as Amazon and eBay will be forced to police their own websites to prevent billions of pounds of VAT fraud, under a renewed government crackdown on the scam.The move represents the second effort in as many years to close down an estimated £1.2bn-a-year tax fraud and follows a Guardian investigation as well as criticism of HM Revenue &
  
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• An online Ticketmaster gift voucher that can’t be used … online

  24-11-2017 08:00 via theguardian.com
  I’ve been told I have to pay for tickets with my credit cardWe were given an online Ticketmaster voucher as a present. When we tried to use it we discovered we couldn’t. I spent an hour on the phone to an agent who told me that owing to an “issue” our voucher could not be used and we had to pay for theatre tickets using our credit card. It would then refund the cost to our card within 15 days. SC, Rugby, Warwickshire The reason is a familiar one – you can’t ac
  
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• Thames Water explains why nationalisation is suddenly popular | Nils Pratley

  24-11-2017 07:00 via theguardian.com
  Privatised utility was seen as a financial instrument paying fat dividends to offshore owners while short-changing customers. Its new boss seems to think that game is now upHang out with executives from water companies and you’ll quickly learn than everybody loathes Thames Water. Insiders blame the firm for spoiling the reputation of the entire industry. They wonder if Labour’s calls for re-nationalisation would score so well in opinion polls if Thames hadn’t so precisely fulfi
  
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• How the sandwich consumed Britain | The long read

  24-11-2017 07:00 via theguardian.com
  The world-beating British sandwich industry is worth £8bn a year. It transformed the way we eat lunch, then did the same for breakfast – and now it’s coming for dinner. By Sam KnightThe invention of the chilled packaged sandwich, an accessory of modern British life which is so influential, so multifarious and so close to hand that you are probably eating one right now, took place exactly 37 years ago. Like many things to do with the sandwich, this might seem, at first glance, t
  
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• Whirlpool named ‘worst offender’ for white goods fires in London

  24-11-2017 01:01 via theguardian.com
  Fire brigade data show appliance maker’s machines caused three times more blazes in capital over eight years than next worst offender BoschTumble dryers and other white goods made by Whirlpool caused more than three times as many fires in London over the last eight years as the next worst offending manufacturer, according to new data obtained by the Guardian.
  Official records of emergencies attended by the London Fire Brigade are dominated by a high number of incidents involving machines i
  
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• Black Friday in the UK is doing the business for Amazon

  24-11-2017 01:01 via feedproxy.google.com
  THE highlights so far include more than 63,000 toys and 32,000 beauty products sold. 
  
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