Financial news

• Aggers takes a sharp edge off Boycott | Brief letters

  22-12-2017 18:46
  Barbara Castle | High-speed broadband | Jonathan Agnew | Solution to clue | Giles FraserIn her comments on Barbara Castle, Anne Perkins (Opinion, 21 December) fails to mention her introduction of home responsibility allowance for state pensions. This made a huge difference to the pensions of carers. I raise a glass to her every time my pension is paid.
  Barbara Purvis
  Winchester• So everyone in the UK is to have a legal right to high-speed broadband (Report, 21 December). I think quite a few
  
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• Bitcoin loses a quarter of its value in one day's trading

  22-12-2017 18:28 via theguardian.com
  Cryptocurrency’s year-end rally fails as its investors are ‘finally introduced to the law of financial gravity’Bitcoin lost more than a quarter of its value on Friday as an analyst warned that investors in the cryptocurrency had finally been introduced to the law of financial gravity. In the latest illustration of bitcoin’s volatility, it slumped to below $11,500 at one point on Friday – touching $11,159 – having started the week at a record high close to $20,
  
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• Bitcoin price: Why is bitcoin so volatile? Crypto token's price plunge explained

  22-12-2017 17:52 via feedproxy.google.com
  BITCOIN prices have been on a downhill trajectory this week after peaking on Sunday at $20,000. But why are bitcoin prices so volatile?
  
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• BREXIT BOOM: Britain FLOURISHING as UK economy grows in third quarter

  22-12-2017 17:47 via feedproxy.google.com
  BREXIT Britain seems to be flourishing as the economy has grown by 0.4 percent in the third quarter and by 1.7 percent for the year compared to last year’s overall growth.
  
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• Let’s move to Bexhill-on-Sea, East Sussex: it confounds expectations

  22-12-2017 17:30
  It has a reputation as a gentle resort for retirees, but underneath stirs a radical heartWhat’s going for it? I often (OK, not that often) wonder what Bob Marley made of Bexhill. Legend has it Marley put on his first UK gig here in 1972, at a Bexhill Lions club benefit concert to raise funds for a local swimming pool. That’s Bexhill for you. It confounds expectations. It has a reputation as a gentle resort for retirees. And it is. But underneath stirs a radical heart. It put on Brita
  
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• Brexit BOMBSHELL: UK small business predict economic BOOM during UK split with EU

  22-12-2017 17:02 via feedproxy.google.com
  BRITAIN’S small and medium-sized enterprises are becoming increasingly optimistic regarding the economy’s prospects during the Brexit process, according to a study from Lloyds Bank.
  
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• Bitcoin price WATCH LIVE: Cryptocurrency suffers hard crash – LIVE ANALYSIS

  22-12-2017 16:34 via feedproxy.google.com
  BITCOIN prices have plummeted overnight sparking fears of a potential crash. Watch live as the bitcoin price continues to shift.
  
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• Paradise Papers: US puts sanctions on billionaire over dealings in DRC

  22-12-2017 15:56 via theguardian.com
  US says Dan Gertler, whose affairs were exposed in leaked files, has amassed fortune through ‘opaque and corrupt’ dealsThe US government has imposed sanctions on the Israeli billionaire Dan Gertler, whose African business dealings were exposed in the Paradise Papers, over “hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals” in the Democratic Republic of the Congo.In a strongly worded statement, the US president, Donald Trump, placed sa
  
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• Steelworkers face huge pension cuts as Tata completes merger

  22-12-2017 15:17 via theguardian.com
  Stephen Kinnock demands government step in over default plan for 122,000 members of British Steel pension schemeThe retirement plans of tens of thousands of steel workers have been thrown into disarray after their pensions were pushed into the Pension Protection Fund, the government lifeboat for failed schemes. The 122,000 members of the British Steel pension scheme (BSPS) have until Friday to decide whether to stay with the scheme, join a new one with reduced benefits set up by Tata Steel, or t
  
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• Pick up a bargain with our guide to the UK winter sales

  22-12-2017 14:31 via theguardian.com
  Find the best deals on the high street and online as retailers unwrap some spectacular discountsMany retailers have already begun their winter sales but some stores still save their best bargains until shoppers finish buying Christmas presents.With major discounts unveiled on 24 December, shoppers are increasingly taking the opportunity to spend their gift cards and money online on Christmas Day. Continue reading...
  
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• China accused of setting ‘debt trap’ for developing nations with loans they CAN'T repay

  22-12-2017 14:18 via feedproxy.google.com
  CHINA has been accused of manipulating developing countries with cheap large loans so it can build a lucrative transport network across the world and become an even bigger economic power house.
  
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• 'Bitcoin is a fraud!' Investment banker warns against 'FOOLISH' cryptocurrency craze

  22-12-2017 14:06 via feedproxy.google.com
  BITCOIN is a "fraud decorated with technology" due to the unfair nature of its exchange with hard cash, investment banker Chris Whalen claimed.
  
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• Turntables are golden as UK retailers report bumper Christmas sales

  22-12-2017 14:02 via theguardian.com
  HMV predicts turntables will be its top-selling technology product, beating both headphones and speaker docksIt’s been decades since families gathered round record players to listen to the new pile of records stacked among the torn wrapping paper on Christmas morning.However, LPs will be crackling and popping in living rooms all over the country this year as Britons give new turntables a spin after the gadget became one of the must-have gifts of 2017.Continue reading...
  
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• All the places I’ll never live: London’s most famous meeting point

  22-12-2017 14:00
  If you’re a member of generation rent and can’t get home for Christmas, could a luxury flat be the answer?I didn’t spend last Christmas Day with my relatives. A nasty chest infection had spread through my family home, and unsure I’d be able to secure a festive-enough hazmat suit, we decided to celebrate when everyone was feeling better.This meant I woke up on the day in an empty house, in an empty city. I went for a walk around a silent, tracing-paper version of London, t
  
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• Bitcoin price CRASH? What will happen if bitcoin crashes?

  22-12-2017 13:48 via feedproxy.google.com
  BITCOIN’S prices plunged overnight sparking fears of an imminent bitcoin bubble crash at hand. But what will happen if bitcoin crashes?
  
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• The Entertainer won't let a tough year ruin the toy chain's Christmas

  22-12-2017 13:13 via theguardian.com
  Founder Gary Grant is giving all his staff Christmas Eve off despite a ‘terrible’ few months and the troubles of rival Toys R Us“How’d you like to spend Christmas on Christmas Island? How’d you like to hang a stocking on a great big coconut tree?”For the night shift, heading home after nine hours filling shelves with Hatchimals, Play-Doh and Lego in one of toy chain The Entertainer’s busiest London stores, escape – perhaps even just from the in-sto
  
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• Dunelm hires former Evans Cycles boss as new chief executive

  22-12-2017 13:11 via feedproxy.google.com
  FORMER Evans Cycles boss Nick Wilkinson is riding in to take charge at homeware retailer Dunelm.
  
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• Shell agrees deal to buy First Utility as it turns up heat on 'big six' energy suppliers

  22-12-2017 12:56 via feedproxy.google.com
  SHELL is turning up the heat on the “big six” household energy suppliers after agreeing to buy First Utility.
  
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• Wall Street goes crypto crazy with news Goldman Sachs will trade bitcoin

  22-12-2017 12:52 via feedproxy.google.com
  WALL Street giant Goldman Sachs is expected to jump aboard the bitcoin bus next year with a new trading desk working to develop new markets in digital currencies.
  
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• Ladbrokes Coral agrees £4bn takeover by online rival GVC

  22-12-2017 12:52 via theguardian.com
  Cash and shares tie-up will create online-led global gambling giant with Foxy Bingo owner controlling 53.5% of enlarged group The high street bookmaker Ladbrokes Coral has agreed to a takeover by online rival GVC in a deal worth up to £4bn.It comes after the pair said earlier this month they were in “detailed” discussions over a cash and shares tie-up. Continue reading...
  
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• Dyson settles legal dispute with former chief executive Max Conze

  22-12-2017 12:51 via feedproxy.google.com
  DYSON has settled a dispute with its former chief executive whom it had accused of leaking company secrets and using company resources for his own benefit.
  
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• Google mastermind Eric Schmidt to step down from role in JANUARY

  22-12-2017 12:47 via feedproxy.google.com
  GOOGLE'S executive chairman of Alphabet, Eric Schmidt has announced he is stepping down from the role in January.
  
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• Pound V euro: Sterling inches ahead on upbeat GDP growth

  22-12-2017 12:38 via feedproxy.google.com
  THE pound inched ahead against the euro on Friday morning on a better-than-expected UK gross domestic product print.
  
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• UK household spending slows to lowest level in almost six years

  22-12-2017 11:28 via theguardian.com
  ONS figures show spend in third quarter of 2017 rose 1% on year before as impact of higher inflation hit living standardsSpending by UK households slowed to its lowest level in almost six years during 2017 as the impact of higher inflation hit living standards and forced people to prioritise their basic needs.The latest official figures show that consumers spent less on restaurants and hotels in the three months ending in September, but more on food, rent, fuel bills and transport. Continue read
  
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• UK government taking two months to refund stamp duty

  22-12-2017 11:13
  People who buy new main home before selling existing one hit by stamp duty change meant to curb buy-to-let landlordsThe government is taking more than two months to refund homebuyers stung by a stamp duty change brought in by George Osborne to curb buy-to-let landlords.A 3% surcharge has been payable by anyone purchasing an “additional” property such as a buy-to-let investment or holiday home since April 2016, but an unintended consequence is that those who buy a new main home before
  
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• Bitcoin price: Will bitcoin crash today? Bitcoin price plummets – Has the bubble burst?

  22-12-2017 11:10 via feedproxy.google.com
  THE PRICE of bitcoin has plummeted more than 30 per cent over five days since its all-time high on Sunday, sparking fears that a crash could be happening.
  
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• Bitcoin price WARNING: Cryptocurrency is 'VERY volatile' amid 30 per cent mini crash

  22-12-2017 10:34 via feedproxy.google.com
  THE PRICE of bitcoin has plunged by over 30 per cent after a terrible week for the cryptocurrency.
  
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• BITCOIN price LIVE: Cryptocurrency CRASHES before Christmas plunging over 30 per cent

  22-12-2017 08:54 via feedproxy.google.com
  AFTER a terrible week for Bitcoin the price has plunged by over 30 per cent from the price posted on Sunday.
  
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• Bitcoin price WATCH LIVE: Will the bubble burst? LIVE analysis

  22-12-2017 08:24 via feedproxy.google.com
  THE BITCOIN price went down since Coinbase launched an investigation over fears its own staff exploited its move into the bitcoin cryptocurrency. Watch live as the bitcoin price continues to shift.
  
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• POUND LIVE: Sterling climbs after 'step in the right direction for British economy'

  22-12-2017 08:22 via feedproxy.google.com
  POUND Sterling has risen after the Office for National Statistics announced a 0.5 per cent increase in UK business investment to £45.9bn. The economy is said to have grown 0.4 per cent over the quarter.
  
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• Bitcoin BEATEN? New cryptocurrency Ripple SURPASSES bitcoin in meteoric value increase

  22-12-2017 08:18 via feedproxy.google.com
  RIPPLE, the world’s fourth biggest cryptocurrency, has blasted through the $1 milestone and surpassed bitcoin in its meteoric increase in value.
  
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• Bitcoin WARNING: Cryptocurrency at risk from hackers who BANKRUPT currency exchange

  22-12-2017 08:12 via feedproxy.google.com
  BITCOIN'S unexpected value increase has transformed the cryptocurrency into a perfect target for North Korean hackers, cybersecurity expert Luke McNamara has warned.
  
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• Last-minute Christmas shoppers warned about fake must-have toys

  22-12-2017 07:01
  Consumers should look out for CE mark and be wary of online sellers offering next-day delivery of toys sold out elsewhereLast-minute Christmas shoppers desperate for this year’s must-have toys are being warned to look out for tell-tale signs of fake and potentially dangerous products as rogue online traders cash in on a surge in demand for sold-out items.
  Councils are also urging consumers to be wary of turning to suspect online sellers offering next-day delivery to secure toys that are ou
  
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• Hypnosis and hacking: The extreme lengths people go to recover LOST Bitcoin millions

  22-12-2017 06:46 via feedproxy.google.com
  AS BITCOIN continues its meteoric rise people have gone to extreme lengths to recover their lost currency.
  
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• Bitcoin value plummets 29 per cent as experts fear cryptocurrency crash is NOW

  22-12-2017 05:28 via feedproxy.google.com
  BITCOIN’s value has plummeted in the last 12 hours as the price drops to $13,482.
  
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