Financial news

• North Sea pipeline closure 'could have significant impact on consumers'

  11-12-2017 23:49 via theguardian.com
  Weeks-long closure after discovery of hairline crack has lead to concerns over how higher prices could affect consumers during cold snapThe closure of a major North Sea pipeline after a crack was discovered will have wide-reaching implications for the oil and gas industry, experts have said.They said even a closure of a few weeks would have significant impacts on the industry. The price of Brent, the international benchmark, briefly rose to a two-year high of above $65 (£47) a barrel after
  
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• Bitcoin price surges as futures trading begins, despite bubble warnings – as it happened

  11-12-2017 21:08 via theguardian.com
  Bitcoin has made its hotly anticipated launch onto the futures market, but some analysts and central bankers are still urging cautionUS SEC warns ‘extreme caution’ over cryptocurrency investments
  Missed the bitcoin boom? Five more baffling cryptocurrencies 8.08pm GMTAnd finally, here’s our news story in bitcoin’s debut on the futures markets, and the latest warnings that the crypto-currency is a speculative bubble: Related: Bitcoin bubble warnings issued as futures tradin
  
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• Ryanair's Dublin pilots threaten Christmas strike

  11-12-2017 20:17 via theguardian.com
  Backing for industrial action is latest example of souring relationship between no-frills airline and its pilotsRyanair flights to and from Dublin could be disrupted by strikes over Christmas after pilots based in Ireland voted for industrial action.Europe’s biggest short-haul airline now faces disruption in key European markets following ballots for action by pilots in Italy and Portugal over the past week.Continue reading...
  
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• BoE paper lays out 'financial conditions index' for UK - Central Banking

  11-12-2017 17:16
  Central Banking
  BoE paper lays out 'financial conditions index' for UK
  Central Banking
  Research published by the Bank of England sets out two methods of building a “financial conditions index” for the UK. The authors find the resulting indexes are useful as an input to forecasting. In the staff working paper, George Kapetanios, Simon ...
  
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• UK's Financial Conduct Authority Updates On Its Work On Financial ... - Exchange News Direct

  11-12-2017 16:54
  UK's Financial Conduct Authority Updates On Its Work On Financial ...
  Exchange News Direct
  The FCA is aware of concerns about the financial advice received by members of the British Steel Pension Scheme (BSPS). The BSPS is being restructured and this has prompted many members to consider if they should transfer out of a Defined Benefit (DB ...en meer »
  
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• UK's Financial Conduct Authority Updates On Its Work On Financial Advice ... - Exchange News Direct

  11-12-2017 16:54
  UK's Financial Conduct Authority Updates On Its Work On Financial Advice ...
  Exchange News Direct
  The FCA is aware of concerns about the financial advice received by members of the British Steel Pension Scheme (BSPS). The BSPS is being restructured and this has prompted many members to consider if they should transfer out of a Defined Benefit (DB ...en meer »
  
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• How far will Trump go to keep his core supporters on his side? | Nouriel Roubini

  11-12-2017 13:44 via theguardian.com
  He has sold out the blue-collar voters who brought him to power, while pursuing policies to enrich his fellow plutocrats Donald Trump won the US presidency with the backing of working-class and socially conservative white voters on a populist platform of economic nationalism. Trump rejected the Republican party’s traditional pro-business, pro-trade agenda, and, like Bernie Sanders on the left, appealed to Americans who have been harmed by disruptive technologies and “globalist”
  
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• Thousands of financial services jobs to leave UK post-Brexit | The ... - The Actuary

  11-12-2017 13:27
  The Actuary
  Thousands of financial services jobs to leave UK post-Brexit | The ...
  The Actuary
  Nearly a third of the UK's largest financial services firms have signalled their intention to move jobs out of the country as a direct consequence of Brexit. 11 DEC 2017 | CHRIS SEEKINGS. web_brexit_istock.jpeg. Insurers moving jobs after Brexit ...
  Revealed: The total number of financial jobs the UK could lose due ...London Loves Businessalle 8 nieuwsartikelen »
  
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• Should I change the tenancy on an inherited house to suit my brother?

  11-12-2017 11:53
  My brother now wants us to change to being joint tenants, but I’m not sure if this is the right thing to doQ When my mother died, my brother and I inherited a property which we currently own as tenants in common. But my brother now wants us to change to being joint tenants. He’s getting divorced and thinks that becoming joint tenants will mean that if he dies, his ex-wife won’t get a share of the property as she currently would under the terms of his will as would his two child
  
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• Energy firms say price cap on bills could hit UK roll-out of smart meters

  11-12-2017 11:32
  Big six also warn investment in energy sector is in jeopardy if firms are not allowed to challenge level at which bills are cappedTheresa May’s price cap on energy bills risks damaging her government’s hopes of installing millions more smart meters in homes, two of the UK’s biggest energy companies have warned.In evidence submitted to the business, energy and industrial strategy committee , British Gas owner Centrica said: “We believe the price cap will damage the rollout
  
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• UK leader says there's new optimism in Brexit talks - Financial Post

  11-12-2017 10:56
  UK leader says there's new optimism in Brexit talks
  Financial Post
  LONDON — Prime Minister Theresa May is stressing her optimism about negotiations over Britain's departure from the European Union, insisting that a preliminary deal has given fresh impetus to the talks. May met with her Cabinet on Monday morning ...en meer »
  
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• Financial services brings offshore jobs back to the UK - Finextra - Finextra

  11-12-2017 10:13
  Financial services brings offshore jobs back to the UK - Finextra
  Finextra
  UK financial services companies are increasingly bringing their offshored operations back to home nations as companies are being affected by rising costs and lacklustre service in offshore regions, according to specialised recruiter Robert Half ...en meer »
  
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• Top of the flops: the year’s worst customer service errors

  11-12-2017 09:09
  From unfinished homes to bank errors, which gaffes have made your blood boil? Consumer champion Anna Tims picks the prize failuresAs you read this, some of your fellow Britons will be considering remortgaging to pay a utilities bill that demands a four-figure sum because their supplier confused imperial meter readings with metric. Except they won’t qualify for a loan because their credit rating has been wrecked by a phantom £5 default on a bank account they closed 10 years ago. And t
  
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• Vatican must strengthen fight against financial crime, says Moneyval - Catholic Herald Online

  11-12-2017 08:51
  Catholic Herald Online
  Vatican must strengthen fight against financial crime, says Moneyval
  Catholic Herald Online
  The Vatican has earned praise from Council of Europe experts for its updated legislation against money laundering and its vigilance in flagging suspected cases. But the committee said the effectiveness of the Vatican efforts could not be proven until ...en meer »
  
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• Surely it’s no accident that claims firms have got my phone number

  11-12-2017 08:00
  As soon as I entered my details on a price comparison site, the nuisance calls startedTwo weeks ago you featured a letter from a reader getting calls from claims firms asking about an accident. Two years ago I had a minor accident in Spain. No UK company (repairer, recovery, hospital) was involved. All contact took place on my wife’s mobile.Months later, back in the UK, I went on several price comparison websites to get insurance quotes and, as part of that, had to reveal I had been involv
  
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• Rightmove predicts 1% rise in UK house prices in 2018

  11-12-2017 08:00
  Property website says 2% price falls in London will be offset by increase in value of homes elsewhereRightmove is predicting that house prices across England and Wales will rise by 1% in 2018, but there will be a further decline in London.In its annual report on the market, the property website predicts that 2% price falls in the capital will be more than offset by an increase in the value of small and medium-priced homes around the country.Continue reading...
  
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• Why 11am on Monday will be your most productive moment all week

  11-12-2017 07:00
  Workers will hit peak productivity at 11 o’clock this morning, according to a two-year study – but most will start flaking some time after lunchName: 11am Monday.Time: Um, 11am Monday. Continue reading...
  
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• Protect savers from cold-call pension fraud by law, MPs urge

  11-12-2017 07:00
  Report by work and pensions select committee says legislative action is needed to keep savings safe from scammersAn influential parliamentary committee has called on the government to fast-forward legislation that would halt the use of cold-calling by scammers who target people’s retirement pension pots.In its latest report on pension freedoms, published on Monday, the work and pensions select committee says the government needs to change legislative tack to swiftly outlaw unsolicited pens
  
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• UK to not honour Brexit financial commitments without EU trade deal in future ... - Firstpost

  11-12-2017 04:21
  Firstpost
  UK to not honour Brexit financial commitments without EU trade deal in future ...
  Firstpost
  London: Brexit Secretary David Davis on Sunday said Britain will not honour financial commitments agreed this week with the European Union if they fail to secure a future trade deal, contradicting finance minister Philip Hammond. "No deal means that we ...
  UK will honour financial obligations to EU - BarnierRTE.ie
  UK to pay £35-£39bn financial settlement leaving EU, says top UK sour
  
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• Bitcoin ‘CRASHES CBOE stock exchange’ less than ten minutes into trading

  11-12-2017 03:10 via feedproxy.google.com
  BITCOIN has crashed the CBOE stock exchange website less than ten minutes after making its debut on the trading site, the exchange company has confirmed.
  
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• BREAKING: Bitcoin ‘CRASHES CBOE stock exchange’ less than ten minutes into trading

  11-12-2017 01:20 via feedproxy.google.com
  BITCOIN has crashed the CBOE stock exchange website less than ten minutes after making its debut on the trading site, the exchange company has confirmed.
  
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• UK watchdog says financial scandals tied to poor diversity - Financial News

  11-12-2017 01:04
  Financial News
  UK watchdog says financial scandals tied to poor diversity
  Financial News
  The scale of bad behaviour at City firms in recent years has been made worse by a shortfall in the number of women and ethnic minorities in financial services, according to the UK's top financial watchdog. Andrew Bailey, the chief executive of the ...
  
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• UK financial watchdog's fines increase tenfold - Financial Times - Financial Times

  11-12-2017 01:04
  Financial Times
  UK financial watchdog's fines increase tenfold - Financial Times
  Financial Times
  Fewer but heavier penalties on companies have caused a tenfold increase in the level of fines meted out in 2017 by the UK's financial watchdog. The Financial Conduct Authority's total fines for the year stand at £229.4m compared with the £22.2m levied ...
  UK financial services bans at post-crisis low - International AdviserInternational Adviser
  UK's Financial Conduct Authority Sets Out I
  
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• UK financial watchdog's fines increase tenfold - Financial Times

  11-12-2017 01:04
  Financial Times
  UK financial watchdog's fines increase tenfold
  Financial Times
  Fewer but heavier penalties on companies have caused a tenfold increase in the level of fines meted out in 2017 by the UK's financial watchdog. The Financial Conduct Authority's total fines for the year stand at £229.4m compared with the £22.2m levied ...
  UK financial services bans at post-crisis lowInternational Adviser
  UK's Financial Conduct Authority Sets Out Its Approach To Authorisation And Its ...Ex
  
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• GVC rolls dice on Ladbrokes Coral venture - SHARE HUNTER

  11-12-2017 01:01 via feedproxy.google.com
  THURSDAY saw Ladbrokes Coral announce that, following an approach by GVC, owner of the bwin and partypoker brands, its board is discussing a possible combination of the two businesses.
  
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• Financial services firms are bringing jobs back to the UK to save costs, according ... - City A.M.

  11-12-2017 01:01
  City A.M.
  Financial services firms are bringing jobs back to the UK to save costs, according ...
  City A.M.
  Never mind Brexit – financial services companies in the UK are bringing their offshored operations home, according to specialist recruiter Robert Half Financial Services. Rising costs and lacklustre service abroad were named as the prime reasons for ...
  
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• Christmas spending ‘set to fall’ for first time in five years

  11-12-2017 01:01 via feedproxy.google.com
  CONSUMER spending is poised to fall this Christmas for the first time in five years, according to an index.
  
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