Financial news

• Jeremy Corbyn tells Morgan Stanley: 'You're right, we are a threat'

  30-11-2017 21:00
  Labour leader hits back after investment bank warned clients his party could pose as much of a risk to UK business as BrexitJeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a vid
  
  Read more

• Has the mystery over the LSE boss's departure been solved?

  30-11-2017 20:32
  The reason behind Xavier Rolet’s high-profile, long-running and controversial exit now looks clearerThe great mystery of why the board of the London Stock Exchange wanted to drop Xavier Rolet as its chief executive is finally revealed. Sort of. He’d had a long innings but “aspects of Xavier Rolet’s operating style were also important factors”, says the LSE’s circular to shareholders.What does that mean? It means lawyers have been working overtime, which has be
  
  Read more

• Bitcoin is a vehicle for fraudsters, warns Goldman Sachs boss

  30-11-2017 19:25
  CEO Lloyd Blankfein attacks cryptocurrency after value dives 20% in a day, saying bank will not get involved until it becomes less volatileThe boss of Goldman Sachs became the latest high-profile critic of bitcoin, claiming it was a vehicle to commit fraud as the value of the cryptocurrency plunged 20% in less than 24 hours.Lloyd Blankfein, chief executive of the US investment bank, said: “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fra
  
  Read more

• Trouble brewing: AB InBev accused of keeping cheap beer from Belgians

  30-11-2017 17:02
  EU investigation finds brewer may have deliberately prevented cheaper imports from reaching consumers in BelgiumIt is an announcement that could hardly be better designed to get the blood of the average Belgian boiling. Continue reading...
  
  Read more

• Advertisement

• Daily Mail group shares slump to five-year low

  30-11-2017 12:41
  Media company DMGT reports 13% drop in profits as it warns of a tough year ahead and further divestmentsShares in the owner of the Daily Mail and Mail Online have slumped by more than 20% after it reported a sharp drop in annual profits and warned of a tough year ahead.Daily Mail & General Trust (DMGT), which also owns the Mail on Sunday and Metro newspapers and is the largest shareholder in business-to-business publisher Euromoney, said its business would be “adversely affected by rec
  
  Read more

• Cash crunch: how Venezuela inadvertently became a cashless economy

  30-11-2017 12:09
  The country’s economic problems mean low-value bolívar notes have been rendered practically worthless – and now they are in short supply
  Venezuela’s currency, the bolívar, is named after Simón Bolívar, the 19th-century hero revered across South America for leading the fight for independence from Spain. But the recent history of the banknote he inspired is far less glorious: low-value notes have been rendered practically worthless – and now Vene
  
  Read more

• Why do ministers do nothing about bosses who steal from the low-paid? | Felicity Lawrence

  30-11-2017 07:00
  At least two million UK workers are being cheated out of the wages they have earned. It is a scandal hiding in plain sightLarge numbers of employers are it seems now in the habit of shortchanging their staff as a deliberate strategy to increase profits. At least 2 million workers a year in the UK are being cheated of pay they are owed. This estimate of the scale of wages theft comes from a new report from researchers at Middlesex University, which puts the value of the lost pay at
  
  Read more

• Nationwide builders' society: mutual to build 200 'fair price' homes

  30-11-2017 01:01
  Building society dips toe into property development with £50m sale-and-rent scheme in Swindon, where its HQ is basedNationwide Building Society is to directly build about 200 “fair price” homes for sale and rent for the first time with a scheme in Swindon.But the mutual said it was only tiptoeing into property development and had no plans to become a volume housebuilder.Continue reading...
  
  Read more

• Advertisement

Follow @financialnwsUK on Twitter!