Financial news

• London stock market hits record high but bitcoin wobbles - as it happened

  27-12-2017 19:26 via theguardian.com
  All the day’s economic and financial news, as shares in London close at a new peakLatest: FTSE 100 closes at new highWealthiest 500 people became 23% richer this year
  FTSE 250 hits new peakEarlier:Bitcoin rebounds from pre-Christmas wobble
  Israel plans clampdown over ‘bubble’ fears
  Analyst: How do you value bitcoin? 6.26pm GMT Right, time for a quick recap.Britain’s stock market has closed at a new peak tonight, on the first trading day since Christmas. Related: World's r
  
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• Barclays says Trump tax changes will knock £1bn off its profits

  27-12-2017 17:14 via theguardian.com
  Bank is one of many financial institutions around the world facing writedowns due to biggest changes to US tax code since 1980sBarclays has said Donald Trump’s US tax changes will knock about £1bn off its profits.The bank said the bill, which was signed into law last week, would make it harder for it to deduct past losses from future tax bills.Continue reading...
  
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• John McDonnell warns over 'alarming increase' in UK household debt

  27-12-2017 16:09
  Labour analysis finds unsecured borrowing could exceed £19,000 per household by end of parliamentJohn McDonnell has said the UK is in the grip of a personal debt crisis with levels of unsecured borrowing predicted to hit a record of £19,000 per household by the end of this parliament.The shadow chancellor said the increase in debt, to more than £14,000 per household this year, was alarming. Continue reading...
  
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• James Bond-style chalet in a top French ski resort – in pictures

  27-12-2017 08:00 via theguardian.com
  Social climbers will love this seven-bedroomed property featuring an indoor rockface and swimming pool Continue reading...
  
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• I’m being chased for rent arrears, but the student block was unfit for purpose

  27-12-2017 08:00 via theguardian.com
  Mezzino, the management company for Jubilee Court in Preston, has offered paltry compensation despite major issues with the accommodationI recently graduated from the University of Central Lancashire where I rented private student accommodation at Jubilee Court in Preston. The new building was unfit for occupation for parts of the 2016/17 academic year and the facilities substandard for the rest of the time.Continue reading...
  
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• Campaign launched to return East Coast rail to public ownership

  27-12-2017 08:00 via theguardian.com
  More than 10,000 have signed a petition in protest against the government’s bailout of Stagecoach-operated Virgin Trains serviceA campaign to return the East Coast rail franchise to public ownership has been launched in protest against the government’s bailout of the Stagecoach-operated Virgin Trains service. More than 10,000 have signed a petition demanding that the London-Edinburgh line be run by the public sector, following the deal announced last month by the transport secretary,
  
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• Britons borrow an average £452 each on credit cards at Christmas

  27-12-2017 08:00 via theguardian.com
  Survey by uSwitch finds that half of people worry they will still be trying to clear the debt by next DecemberThe Christmas spending hangover means that Britons who splurged on plastic will start 2018 owing an average of more than £450 on their credit cards – with many fearful the debt will still be haunting them by next Christmas.Nearly £8.5bn has been loaded on to cards to cover the cost of gifts and entertaining, according to research by the price comparison service uSwitch,
  
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• Zero real wage growth in Britain until end of 2018, thinktank forecasts

  27-12-2017 01:01 via theguardian.com
  Pay squeeze is likely to get worse before it gets better, says Resolution Foundation, with pressure lifting late next yearPeople should not expect pay rises above inflation this year as the stagnation in wages is set to continue until the end of 2018, according to a leading thinktank.The pay squeeze is likely to get worse before it gets better, with no meaningful recovery in wage packets before the end of next year, the Resolution Foundation found. Continue reading...
  
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