Financial news

• UK companies will face huge new VAT burden after Brexit

  06-01-2018 22:00 via theguardian.com
  Controversial changes in bill would force importers to pay duty upfront on EU goodsMore than 130,000 UK firms will be forced to pay VAT upfront for the first time on all goods imported from the European Union after Brexit, under controversial legislation to be considered by MPs on Monday.The VAT changes spelled out in the taxation (cross-border trade) bill – one of a string of Brexit laws passing through parliament – are causing uproar among UK business groups, which say that they wi
  
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• Brexit to swallow £70m meant for developing cancer drugs, says GSK

  06-01-2018 19:36 via theguardian.com
  GlaxoSmithKline executive issues warning as Liberal Democrats say cost of medicine imports has already jumped by £5mUp to £70m will have to be diverted from developing new cancer drugs in order to prepare for the impact of Brexit, Britain’s biggest maker pharmaceuticals of has warned.In a stark intervention over the extra costs being incurred, Phil Thomson, president of global affairs at GlaxoSmithKline (GSK), made clear that something approaching the figure would have to be sp
  
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• Burberry check makes a casual comeback with Gosha Rubchinskiy

  06-01-2018 19:21 via theguardian.com
  The Russian designer’s collaboration with the British brand draws on the shared reference of 80s and 90s football cultureGood news – or bad, depending on your memory. The Burberry check is back in the luxury fashion fold, thanks to a collaboration with hip Russian designer Gosha Rubchinskiy.Going on sale on the same day the fashion industry poured into London for the menswear shows, it launched in Dover Street Market in Piccadilly and various Burberry stores, with both featuring foot
  
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• Shares have gone through the roof: could they possibly go even higher?

  06-01-2018 17:00 via theguardian.com
  As 2018 gets under way, there are clear signs that stocks are overvalued, but other factors are in play too. We ask two respected fund managers: what’s next?Shares are expensive – keep buying them. That appears to be investors’ consensus view. The storming run for stock markets in 2017 seemed almost too good to be trusted, but 2018 has started in similar style.In the US, the Dow Jones industrial average soared past 25,000 last week, almost exactly 12 months after 20,000 was ach
  
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• Ethereum surges to ANOTHER record high: Why this cryptocurrency could BEAT bitcoin

  06-01-2018 11:23 via feedproxy.google.com
  ETHEREUM just surged to an all-time high, while bitcoin briefly recovered from a recent slump - and a battle between the cryptocurrencies looks set to heat up this month.
  
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• Expert reveals only ONE cryptocurrency will WIN – bitcoin, Ripple or ethereum?

  06-01-2018 10:10 via feedproxy.google.com
  BITCOIN is facing serious competition for other cryptocurrencies like Ripple and ethereum but one expert has warned that there can only be one winner.
  
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• Bitcoin price WARNING: CEO reveals why Ripple will TAKE OVER from leading cryptocurrencies

  06-01-2018 10:10 via feedproxy.google.com
  BITCOIN is facing stiff competition from rival Ripple and it’s CEO has revealed why the cryptocurrency is catching up quick.
  
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• Pound euro exchange rate update: Brexit could help sterling make triumphant surge

  06-01-2018 10:09 via feedproxy.google.com
  THE POUND could climb this year as Brexit trade talks move into a critical phase between the European Union and United Kingdom, a top strategist has said.
  
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• Bitcoin price WARNING: Bitcoin could hit ZERO – top economist warns of BIGGEST EVER bubble

  06-01-2018 10:09 via feedproxy.google.com
  BITCOIN could be the biggest financial bubble in history as the cryptocurrency continues to grow in popularity, economist Jim Rickards has warned.
  
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• Bitcoin is the old dog! Expert reveals the next BIG cryptocurrency – Ripple or ethereum?

  06-01-2018 10:08 via feedproxy.google.com
  BITCOIN is the “old dog” of cryptocurrencies as competitors like Ripple and ethereum catch up, an expert has warned.
  
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• How smart speakers stole the show from smartphones

  06-01-2018 09:00 via theguardian.com
  Amazon and Google believe they’ve struck gold with their voice-controlled speakers while Apple and Microsoft struggle to catch upMove over smartphones. The battle now raging between the big technology companies for consumer cash is focused on the voice-controlled smart speaker.Having already conquered the pocket with the ubiquitous smartphone, big tech has been struggling to come up with the next must-have gadget that will open up a potentially lucrative new market – the home. Contin
  
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• Should I move out of London if it means a pricey commute?

  06-01-2018 08:00 via theguardian.com
  My partner is eager to relocate to get a better quality of life, and I’m wondering if such moves usually work outEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• Personal debt: how you can shred your borrowing this year

  06-01-2018 08:00 via theguardian.com
  Left with a financial hangover after the festive period? Here’s how to cut your credit card payments, overdrafts and loansFriday was Twelfth Night (unless you subscribe to the idea it’s on 6 January), when we traditionally take down Christmas decorations. But while the baubles and lights may be back in the box, for many people their festive (over)spending will continue to cast a long shadow over their household finances for weeks, or even months, to come.An estimated 7.9 million peop
  
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• ‘Fleecehold’ complaints flood in as residents battle to turn tide

  06-01-2018 08:00 via theguardian.com
  Our story about homeowners on private estates facing uncapped fees for maintaining communal areas prompted a stream of responsesLast month Guardian Money revealed how thousands of homeowners, who bought on “unadopted” private estates, face escalating costs after developers sold off management contracts to private companies in what many describe as “fleecehold”. Following our report we were contacted by many homebuyers with tales of woe – but one name seemed to featu
  
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• After good news for generation rent, comes the bad … you’ll have to wait a year

  06-01-2018 08:00 via theguardian.com
  Raising enough money for a deposit plus letting fees can be a real challenge, especially for young peopleWith so much focus on the costs of getting on to the first rung of the property ladder, the challenges facing those simply trying to get into the renting market are often overlooked. However, for young people unable to call on family or friends to front up the significant costs of moving into a rented property, the options are limited.For those straight out of education, it can be the biggest
  
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• BT’s fourth price hike in three years. Is it time to switch?

  06-01-2018 07:59 via theguardian.com
  BT’s broadband and sport customers to bear the brunt of new charges, but landline rental stays the sameBT’s latest price increase comes into effect on Sunday, meaning many of the company’s long-standing customers will soon be paying in excess of £600 a year for their home phone, calls and broadband package – a bill they could cut by £350 a year by swapping to BT subsidiary Plusnet.Unusually BT has chosen not to put up its landline charge this January, which me
  
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• It’s time to act as NS&I’s ‘pensioner bonds’ mature

  06-01-2018 07:00 via theguardian.com
  The investment grew at a whopping 4%, but if you don’t cash in your bonds they will automatically be reinvestedSavers who back in 2015 had the good sense to invest in National Savings & Investments’ three-year 65+ Guaranteed Growth Bond have a decision to make. The bonds are about to mature and, if you do nothing, the money will be reinvested for a further three years.Between January and May 2015, almost 900,000 people invested more than £8.9bn in the “pensioner bonds
  
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• Bitcoin’s BIG BANG: Top crypto asset manager explains Ethereum, Ripple and Bitcoin Cash

  06-01-2018 07:00 via feedproxy.google.com
  AS the price of bitcoin suffers a lengthy New Year hangover one of the surprising trends for 2018 so far has been the arrival of a noticeable chasing pack of crypto offerings.
  
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• Quiksilver owner buys rival surfing brand Billabong for $198m

  06-01-2018 01:08 via theguardian.com
  Australian surfwear seller agrees to buyout by Oaktree Capital Management, adding it to portfolio including Roxy and DC ShoesThe Australian surfwear seller Billabong has been acquired by the owner of its rival brand Quiksilver in a A$198m (£115m) deal. The struggling company agreed to a buyout from its top shareholder, the US private equity group Oaktree Capital Management, which also owns Quiksilver’s parent, Boardriders. Continue reading...
  
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• UK shrugs off Brexit worries by winning race for technology investment

  06-01-2018 01:01 via feedproxy.google.com
  BRITAIN attracted record technology investment last year as it shrugged off Brexit concerns to put its European rivals in the shade.
  
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