Financial news

• New York's vanishing shops and storefronts: 'It's not Amazon, it's rent'

  24-12-2017 10:00
  Vacant storefronts are becoming more noticeable in the capital of consumption, as small retailers are being pushed out by wealthy investorsWalk down almost any major New York street – say Fifth Avenue near Trump Tower, or Madison Avenue from midtown to the Upper East Side. Perhaps venture down Canal Street, or into the West Village around Bleecker, and some of the most expensive retail areas in the world are blitzed with vacant storefronts.The famed Lincoln Plaza Cinemas on the Upper West
  
  Read more

• Pineapple Fund: why is an anonymous bitcoin millionaire giving away $86m?

  24-12-2017 09:00
  Anonymous benefactor known as Pine bucks global wealth trend with million-dollar donation fund for worthy causesWhat would you do if you had $86m? It’s a welcome dilemma for some of bitcoin’s early adopters thanks to the cryptocurrency’s meteoric rise, from less than $1,000 last year to a peak of almost $20,000 in December.One generous bitcoiner has decided to follow the lead of Bill Gates and establish a philanthropic purse, the Pineapple Fund, because “once you have eno
  
  Read more

• Chief executives are hard to embarrass: rules on pay must get even tougher

  24-12-2017 08:00
  The government needs to make it mandatory not just for public companies to publish pay data, but private ones tooTheresa May has attacked excessive boardroom pay as the “unacceptable face of capitalism”. The prime minister said in the summer that too many firms fell “short of the high standards we expect of them” when they ignored the concerns of their shareholders by awarding pay rises to bosses that far outstrip the company’s performance.Employers were also guilty
  
  Read more

• Stock markets rally as Donald Trump plays Santa over tax

  24-12-2017 07:59
  As the year draws to an end, the Dow and FTSE 100 are close to record highs – but there could be some volatility aheadIt’s a tradition of stock markets that December usually sees a Santa rally. This year, though, we’ve had a tax rally, thanks to Donald Trump’s business-friendly fiscal reforms, which finally made their tortuous way through the US legislative process.With just a few days left until the end of the year, US and UK markets are close to their record highs, with
  
  Read more

• Advertisement

• Merry Brexmas! UK exports at record high as world clamours for British food, whisky and TV

  24-12-2017 01:01 via feedproxy.google.com
  BRITAIN’S Christmas food and drinks exports are booming thanks to Brexit with global demand for UK goods at an all-time high.
  
  Read more

Follow @financialnwsUK on Twitter!