Financial news

• Ryanair pilots suspend one-day strike in week before Christmas

  17-12-2017 22:43 via theguardian.com
  Impact, the union representing Ireland-based pilots, has agreed to meet the low-cost carrier’s management and rescind strike action set for WednesdayRyanair pilots have suspended a pre-Christmas one-day strike, according to the union Impact which represents its Ireland-based pilots.The union, which says the dispute is about winning independent representation for pilots in the company, has agreed to meet the low-cost carrier’s management on Tuesday evening ahead of the planned strike
  
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• UK banks tell May: a Canada-style Brexit deal is not good enough

  17-12-2017 17:55 via theguardian.com
  Banking trade body urges Theresa May and Philip Hammond to put City at centre of EU talks or risk dealing a major blow to the economyBritain’s banks have written to Theresa May and Philip Hammond warning that a Canada-style free trade agreement with the EU post-Brexit is not ambitious enough and that alignment with EU rules on finance is crucial. The open letter from UK Finance, which represents major banks and other financial institutions, said the government must place the City at the ce
  
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• Bitcoin: Is it too late to look for a Bit of the action?

  17-12-2017 17:47 via feedproxy.google.com
  THE GLOBAL computer currency known as Bitcoin has generated by far the biggest investment buzz in 2017, even though most ordinary people had not even heard of it at the beginning of the year.
  
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• BITCOIN SHOCK WARNING: Cryptocurrency could lead to END OF THE WORLD, experts say

  17-12-2017 17:39 via feedproxy.google.com
  BITCOIN prices may be surging – but experts have claimed the cryptocurrency could lead to the end of the world.
  
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• LSE boss in bid to see off potential axe after 'EMBARRASING' dispute with rivals TCI

  17-12-2017 17:28 via feedproxy.google.com
  LONDON Stock Exchange chairman Donald Brydon is expected to see off an attempt by rebel shareholder TCI to oust him on Tuesday.
  
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• Private equity will find itself in the firing line, says GEOFF HO

  17-12-2017 17:13 via feedproxy.google.com
  BEFORE bankers were vilified for the credit crunch, private equity barons were the unacceptable face of the City, as they paid less in tax than cleaners and loaded up the companies they owned with debt.
  
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• Fours Seasons care home debt spark calls for government intervention

  17-12-2017 17:10 via feedproxy.google.com
  THE GOVERNMENT should clamp down on the owners of care homes groups to stop them being overloaded with debt, ex-pensions minister Ros Altmann said after Four Seasons narrowly avoided collapse.
  
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• Heretics welcome! Economics needs a new Reformation | Larry Elliott

  17-12-2017 12:27 via theguardian.com
  Neoclassical economics has become an unquestioned belief system and treats those challenging the creed as dangerous In October 1517, an unknown Augustinian monk by the name of Martin Luther changed the world when he grabbed a hammer and nailed his 95 theses to the door of the Castle Church in Wittenberg. The Reformation started there.The tale of how the 95 theses were posted is almost certainly false. Luther never mentioned the incident and the first account of it didn’t surface until afte
  
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• Defiant Theresa May: UK 'proving doubters wrong' on Brexit - Financial Post

  17-12-2017 12:14
  Financial Post
  Defiant Theresa May: UK 'proving doubters wrong' on Brexit
  Financial Post
  British Prime Minister Theresa May walks by the British flag during an EU summit at the Europa building in Brussels on Thursday, Dec. 14, 2017. European Union leaders are gathered in Brussels Thursday and are set to move Brexit talks into a new phase ...en meer »
  
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• Halifax cover: £1,227 if you are loyal, £370 if you're new | Patrick Collinson

  17-12-2017 11:17 via theguardian.com
  No other part of the financial services industry is more riddled with blatant, though legal, misselling than the home insurance businessIf there’s one financial resolution you should make for 2018, it’s to change your home insurance policy. No other part of the financial services industry is more riddled with blatant, though legal, mis-selling than the home insurance business.Take the case of Teresa Jackson (not her real name), who contacted Guardian Money recently. She lives in a th
  
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• Is Monzo the Facebook of banking?

  17-12-2017 10:00
  It is a truly unusual thing – a bank young people are excited about. But while its speed and ease of use are impressive, there is a problem – it’s not making moneyA letter from the bank tends to arouse dread. In these mostly paperless days, it usually means you’ve gone overdrawn again or the interest rate on your savings account has moved even closer to zero. Best not open it now; stick it on the pile for later-slash-never. But when my new Monzo bank card landed on the do
  
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• There is hope: Brexit has few zealots and many floating voters | William Keegan

  17-12-2017 08:04 via theguardian.com
  As some hard economic truths become clear, the many ideologically uncommitted Britons who chose to leave may start changing their mindsMy football team, AFC Wimbledon, may be languishing down in the third division, as it was once called, but the Conservative MP for Wimbledon, Stephen Hammond, showed himself to be in the Premier League last week.In that refreshing, surprising vote on Thursday, he and his fellow Tory rebels stood up to be counted in the cause of parliamentary democracy. By voting
  
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• ‘Unpaid’ Thames Water bill is sending my credit rating down the drain

  17-12-2017 08:00
  It claims I have been using enough water for 80 people … when I live in a two-bed flatIn April, Thames Water took a meter reading which claimed we had been using enough water for 80 people (we live in a two-bed flat). I now have a £2,500 unpaid bill which drastically affects my credit rating. Thames Water acknowledged it must be a mistake and that I don’t need to repay it. It has put my account on hold although it never contacted me to explain the reading in the first place. I
  
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• Why business could prosper under a Corbyn government

  17-12-2017 01:02 via theguardian.com
  Labour’s economic plans will alleviate the long-term damage being inflicted by austerity policiesWhile the Daily Mail, with Pavlovian regularity, persists in ringing the “Marxist” alarm bell, the Financial Times is a little more measured. “Labour has a fair wind” with business leaders, the paper argued this month, “with many terrified of a hard Brexit”. At the CBI’s annual conference in November, leaders of industry gave Jeremy Corbyn a distinctly
  
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• UK keeps top financial sector global ranking, Brexit seen as risk - euronews

  17-12-2017 01:00
  euronews
  UK keeps top financial sector global ranking, Brexit seen as risk
  euronews
  LONDON (Reuters) – Britain kept the top spot in global financial services exports last year but Brexit threatens to raise barriers to its biggest market in Europe, TheCityUK said on Friday. The body, which promotes Britain as a financial centre, said ...
  
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