Financial news

• Chris Grayling’s East Coast bailout echoes the errors of New Labour | Andrew Adonis

  07-02-2018 16:42 via theguardian.com
  Virgin and Stagecoach have been rewarded for leaving taxpayers in the lurch. It’s time government stopped pandering to the super-richChris Grayling’s bailout of Sir Richard Branson and Sir Brian Souter is so crass you may think him plain stupid. But that would be to mistake the ideology behind the transport secretary’s shameless rewarding of the billionaires for walking away from the outstanding £2bn they were contracted to pay for running the East Coast rail fr
  
  Read more

• European shares rebound but Dow expected to fall back - business live

  07-02-2018 14:52 via theguardian.com
  All the day’s economic and financial news, as shares rise in Europe after two days of heavy fallsFTSE 100 opened 60 points higher
  Analysts: Calm has returnedThe agenda: Relief after US recovered last night
  BUT... Dow Jones could fall almost 300 points
  Asian shares rallied, then faltered 1.52pm GMT Here’s bit of context for the recent market falls:S&P 500: the longest run in history without a 5% pullback ended on Monday, 404 trading days. $SPX pic.twitter.com/CJS3m1L33h 1.14pm GMT
  
  Read more

• ASA bans Poundland's lewd toy elf ad campaign

  07-02-2018 13:02 via theguardian.com
  Christmas ads on social media featured elf playing strip poker and making highly sexualised gesturesPoundland’s risque Christmas ads featuring a naughty elf playing strip poker and performing a sex act on a Barbie doll have been banned by the advertising watchdog.The budget retailer posted a series of eight images showing a toy elf in suggestive poses with other toys in the run-up to Christmas.Continue reading...
  
  Read more

• UK retailer faces $5.6 bln claim over unequal pay for women - Financial Post

  07-02-2018 12:29
  UK retailer faces $5.6 bln claim over unequal pay for women
  Financial Post
  LONDON — British supermarket chain Tesco is facing legal claims that it is paying women less than men for work of equal value, in a case that lawyers estimate could ultimately cost it as much as 4 billion pounds ($5.6 billion) in compensation payments ...en meer »
  
  Read more

• Advertisement

• EU to review Apple's reported $400m purchase of music app Shazam

  07-02-2018 12:12 via theguardian.com
  European Commission to investigate deal following requests from Austria, France, Iceland, Italy, Norway, Spain and SwedenApple’s purchase of music recognition service Shazam is to be reviewed by the European Commission following requests from seven countries fearing the deal may “adversely affect competition”.
  The EU said on Tuesday that it launched the inquiry into the reported $400m deal for London-based Shazam following requests from Austria, France, Iceland, Italy, Norway,
  
  Read more

• Churches warn firms over pay, gender and climate change

  07-02-2018 11:58 via theguardian.com
  Slash CEO income, bring more women on board and go low carbon, Church Investors Group tells companiesThe Church Investors Group has warned some of Britain’s biggest companies it intends to take a hard line on executive pay, gender diversity and climate change over the forthcoming annual meeting season.The group, which represents church organisations with combined investment assets of about £17bn, has told companies listed on the FTSE 350 index it will refuse to re-elect directors at
  
  Read more

• Alpha Financial Markets Consulting UK Limited (LON:AFM): Is Now The Time To ... - Simply Wall St

  07-02-2018 11:21
  Alpha Financial Markets Consulting UK Limited (LON:AFM): Is Now The Time To ...
  Simply Wall St
  Alpha Financial Markets Consulting UK Limited (AIM:AFM), a UK£166.54M small-cap, is a professional services company operating in an industry, whose performance is linked to business conditions and the general economy, as it draws revenue from ...
  
  Read more

• UK house prices fall again as household income squeezed

  07-02-2018 10:49 via theguardian.com
  Average price of a home in Britain drops 0.6% in January to £223,285, says HalifaxUK house prices fell for a second consecutive month in January as consumers struggling with shrinking disposable income put major spending decisions on hold.The average price of a home in Britain fell 0.6% last month to £223,285, according to the mortgage lender Halifax. It followed a 0.8% drop in prices in December, and drove down annual house price growth to 2.2%, the slowest rate in six months. Conti
  
  Read more

• Advertisement

• Bitcoin price WARNING: Crypto to reach $100,000 if it holds onto this KEY metric

  07-02-2018 08:09 via feedproxy.google.com
  BITCOIN's prices fell dramatically amid a frenzied sell-off following news the Chinese Government and Lloyd's bank would ban buying BTC with credit cards. But independent crypto trend analyst Ronnie Moas said bitcoin's value could reach $100,000 if it maintains its current market share.
  
  Read more

• Bitcoin price WARNING: Expert says bitcoin bubble has BURST but there is ONE positive

  07-02-2018 08:08 via feedproxy.google.com
  BITCOIN price plunged and the bubble has somewhat burst but one finance expert said this is not the end for the popular cryptocurrency.
  
  Read more

• ‘I am disabled and housebound – but BT has cut my lifeline’

  07-02-2018 08:00 via theguardian.com
  I was thrilled to get broadband, but I have been without the service for nearly nine weeksI am a 32-year-old disabled woman who is housebound. It is vital to have lifelines in place to help distract from the isolation, so I was thrilled when BT Infinity became available in my area.On the day the service was due to be activated my internet connection was, instead, disconnected. An Openreach engineer arrived five days later and found that a vital cable was missing from the street cabinet. I was to
  
  Read more

• Brexit could cut manufacturing exports by a third, experts warn

  07-02-2018 08:00 via theguardian.com
  Leave-voting areas such as Sunderland to be worst hit by government strategies
  Versions of Brexit under consideration by the cabinet could cut British manufacturing exports by up to a third, according to new economic modelling that finds leave-voting areas such as Sunderland, Coventry, Derby and County Durham suffering most as a result. As a special subcommittee of the cabinet meets on Wednesday to agree trade priorities in the absence of a customs union with the EU, pressure is growing on the g
  
  Read more

• Bitcoin price: Expert's SHOCK warning as price collapses: 'You could be left with NOTHING'

  07-02-2018 07:53 via feedproxy.google.com
  BITCOIN’S price has plummeted in the new year and one expert has warned investing in the cryptocurrency is a “risk” and could leave buyers with “nothing”.
  
  Read more

• Bitcoin ‘CRUSHED’: Banks ‘responsible’ for BURSTING crypto bubble but 'hold liquidity key'

  07-02-2018 07:42 via feedproxy.google.com
  BITCOIN has been “crushed” and banks “may have been responsible” for bursting the cryptocurrency bubble after values plummeted in the last week, the chair of the department of economics at Long Island University has claimed.
  
  Read more

• Bitcoin gender barrier: Cryptocurrency dominated by staggering 95 per cent MALE engagement

  07-02-2018 07:34 via feedproxy.google.com
  BITCOIN, ethereum, ripple and other cryptocurrency investors are mostly male because they are bigger risk takers and come from “geeky” industries that are dominated by men, it has been claimed.
  
  Read more

• Organic food and drink sales rise to record levels in the UK

  07-02-2018 07:30 via theguardian.com
  In a sixth year of consecutive growth, organic sales rose by 6% to a record £2.2bn, driven largely by independent outlets and home deliveriesSales of organic food and drink in the UK rose by 6% last year to a record £2.2bn, fuelled by strong growth through independent outlets and home delivery which outpaced sales in rival supermarkets. Almost 30% of all organic sales now take place online or on the high street, according to a new report from Soil Association, the trade body which li
  
  Read more

• Bitcoin ‘RESURGENCE’ Cryptocurrency soars 25 per cent in 24 hours as 'investors celebrate'

  07-02-2018 07:28 via feedproxy.google.com
  A BITCOIN resurgence could be underway as the cryptocurrency soared over 24.5 per cent in the last 24 hours that has surely given investors an excuse to celebrate, it has been revealed.
  
  Read more

• UK economic growth tipped to rebound thanks to global boom

  07-02-2018 07:01 via theguardian.com
  Forecaster says strength of world economy and weak pound will help offset effect of Brexit vote
  Economic growth in the UK is poised to rebound this year after a slowdown in 2017, as a strong global performance offsets the impact from the Brexit vote, a leading economic forecaster has said.The National Institute of Economic and Social Research (NIESR) said the strength of the world economy and the benefit for British exporters from the weak pound would help increase GDP growth by almost 2% this y
  
  Read more

• Bitcoin ROCKETS: Market crackdown will see cryptocurrency ‘thrive’ after ‘wild price ride’

  07-02-2018 06:43 via feedproxy.google.com
  BITCOIN regulation could allow cryptocurrency to “thrive” and protect investors despite leading to sharp price collapses, it has been revealed.
  
  Read more

• Bitcoin ‘RESURGENCE’ Cryptocurrency soars 23 per cent in 24 hours as 'investors celebrate'

  07-02-2018 06:28 via feedproxy.google.com
  A BITCOIN resurgence could be underway as the cryptocurrency soared over 23.51 per cent in the last 24 hours that has surely given investors an excuse to celebrate, it has been revealed.
  
  Read more

• Bitcoin ROCKETS: Market crackdown will see cryptocurrency ‘thrive’ after price ‘wild ride’

  07-02-2018 04:32 via feedproxy.google.com
  BITCOIN regulation could allow cryptocurrency to “thrive” and protect investors despite leading to sharp price collapses, it has been revealed.
  
  Read more

• Tesco equal pay claim could cost supermarket up to £4bn

  07-02-2018 01:01 via theguardian.com
  Lawyers say female shopfloor workers earn up to £3 an hour less than male warehouse staffTesco is facing a demand for up to £4bn in back pay from thousands of mainly female shopworkers in what could become the UK’s largest ever equal pay claim.A law firm has launched legal action on behalf of nearly 100 shop assistants who say they earn as much as £3 an hour less than male warehouse workers in similar roles. Up to 200,000 shopfloor staff could be affected by the claim, wh
  
  Read more

• Gig economy workers angry at lack of bogus self-employment curbs

  07-02-2018 01:01 via theguardian.com
  Long-awaited changes have stopped short of new laws to prevent bogus self-employmentGig economy workers have expressed anger that long-awaited changes to working practices in Britain have stopped short of bringing in new laws to prevent bogus self-employment, which denies basic rights to around 1.1 million couriers, minicab drivers and other workers.Theresa May announced a raft of new labour policies that she said would mean “tangible progress” towards upholding workers’ rights
  
  Read more

Follow @financialnwsUK on Twitter!