Financial news

• Agree Brexit deal or both UK and EU suffer, says financial regulator - The Guardian

  05-02-2018 20:30
  The Guardian
  Agree Brexit deal or both UK and EU suffer, says financial regulator
  The Guardian
  The head of Britain's financial watchdog has warned both sides in the Brexit talks that they will be risking mutually damaging instability unless they agree to a transition deal smoothing the UK's departure within the next two months. Guardian Today ...
  Financial services must be part of EU/UK trade deal, says FCAInternational Adviser
  The Latest: EU warns UK on impact of exiting customs unionsFinancia
  
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• Carillion ignored warnings about pensions, documents reveal

  05-02-2018 20:21
  MPs will question former directors of collapsed construction firm over its allocation of funds
  Pensions advisers repeatedly warned that Carillion was prioritising shareholder dividends over the funding of its pension scheme years before the government contractor’s collapse, according to documents released by the work and pensions committee.The committee, whose members will question former Carillion directors at a hearing on Tuesday, released new evidence hours after the number of confirmed
  
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• Waitrose to close part of its loyalty scheme at end of February

  05-02-2018 20:08
  Exclusive: ‘pick your own offers’ scheme was too confusing for customers, company says
  Waitrose is to close part of its loyalty scheme at the end of February after customers complained they found it too confusing, the Guardian has learned.Pick your own offers gave shoppers 20% off on 10 chosen products from a range of hundreds, which could be anything from expensive buys such as smoked salmon to frequently bought items such as loo roll. It was available to millions of holders of the
  
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• Why are global stock markets falling?

  05-02-2018 19:09 via theguardian.com
  Fears of interest rate rises in the US aimed at taming inflation are making markets nervousStock market turmoil – live coverageThe FTSE 100 has posted its worst one-day performance since last April, as the London index picked up from a Wall Street sell-off at the end of last week. Indices also fell in Europe and Asia. Here we look at some of the issues raised by the sell-off.Related: Stock markets continue to fall amid interest rate hike fearsContinue reading...
  
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• Have you experienced burnout due to overwork?

  05-02-2018 17:33
  We’d like to understand more about the effects of psychological burnout because of overwork. Share your experiences and tell us what helped you through it
  We’d like to speak to people who have suffered psychological burnout as a result of overwork. Related: Do you work more than 39 hours a week? Your job could be killing youContinue reading...
  
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• Why did Ikea customer service fail to give me a refund?

  05-02-2018 15:30
  I cancelled an online order but we just can’t get our money backI am at a loss as to what to do with Ikea and its complete lack of customer service following a failed order and a refund that hasn’t materialised. We placed an order online on 30 December, and a day or two later tried to add on two toilet brushes (a total of £1.80). They didn’t have an option to make the payment online for these extra items, and my husband tried to ring but had difficulties getting through.C
  
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• Should I delay buying my first home because of Brexit?

  05-02-2018 14:28
  I’ve got a deposit and am excited about buying – but friends tell me to wait in case prices fall Q My husband and I are finally in a position to buy our first home after many years of saving for a deposit. However, both family members and friends have told us to wait a little longer as they feel prices are set to fall slightly in 2018 due to Brexit and a change in interest rates being imminent. We are paying a fairly high monthly rent of £1,500 as we live in a popular commuter
  
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• Aldi customer finds half a rat in packet of frozen vegetables

  05-02-2018 14:11
  Supermarket chain takes product off shelves after complaint from customer in Cornwall Aldi has removed thousands of packs of frozen mixed vegetables from its shelves after a customer said she found half a rat inside a bag.Pat Bateman, 60, said she had just finished feeding lunch to her two-year-old granddaughter and was putting the packet back in the freezer when she spotted the rodent.Continue reading...
  
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• 'Botched' Homebase takeover puts hundreds of jobs at risk

  05-02-2018 13:42 via theguardian.com
  Up to 40 outlets of DIY chain and Bunnings stores at risk as owner blames restructuring Up to 40 Homebase and Bunnings DIY stores could be closed, putting hundreds of jobs at risk, after the group’s Australian owner said it was reviewing the future of its UK business.The closures raised speculation that Wesfarmers, which bought Homebase for £340m two years ago, would be forced into exiting the UK after a botched takeover by its own admission. Continue reading...
  
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• Post-work: the radical idea of a world without jobs – podcast

  05-02-2018 13:00 via theguardian.com
  Work has ruled our lives for centuries, and it does so today more than ever. But a new generation of thinkers insists there is an alternative• Read the text version hereSubscribe via Audioboom, iTunes, Soundcloud, Mixcloud, Acast & Sticher and join the discussion on Facebook and Twitter Continue reading...
  
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• DPD courier who was fined for day off to see doctor dies from diabetes

  05-02-2018 08:27 via theguardian.com
  Don Lane’s widow says he was afraid of getting fined if he did not ensure his round was coveredA courier for the parcel giant DPD who was fined for attending a medical appointment to treat his diabetes collapsed and died of the disease, it has emerged. Don Lane, 53, from Christchurch in Dorset, missed appointments with specialists because he felt under pressure to cover his round and faced DPD’s £150 daily penalties if he did not find cover, his widow has told the Guardian.DPD
  
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• Money Club members pay thousands in fees after ‘temporary glitch’

  05-02-2018 08:00
  It claims to be the UK’s premier shopping club – but, for many, joining has proved costlyIt was when James Schofield took over the financial affairs of a friend with dementia in 2016 he discovered some worrying anomalies. A total of £2,548 had been removed in debits from his account by a company called The Money Club. For an annual fee of £98, the service promises members discounts on more than 1 million products and cashback. However, in the previous three years that fee
  
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• Anger as thousands unaware they face a ‘second mortgage’

  05-02-2018 08:00
  Calls for the delay of a new loan set to replace a state-backed benefit in just 10 weeks’ timeThe government has been called on to delay a new “second mortgage” scheme, which replaces a benefit for homeowners on low incomes, after just one in 20 affected households have signed up for it.From April, the government is axing “support for mortgage interest” (SMI) which helps financially constrained homeowners with their mortgage. It will be replaced with a controversial
  
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• UK exports in financial services jump to £95.7bn with London ... - City A.M.

  05-02-2018 01:05
  City A.M.
  UK exports in financial services jump to £95.7bn with London ...
  City A.M.
  Britain's exports in financial and professional services had a record-breaking year in 2016, according to figures released today by TheCityUK.en meer »
  
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