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Cryptocurrency news: Venezuela to release ANOTHER cryptocurrency with petro gold
VENEZUELA’S new cryptocurrency 'the petro' has proved so successful the country is already preparing a second digital currency named petro gold - or ‘petro oro’. -
Brexit: EU leaders debate financial impact of UK's departure - BBC News
BBC News
Brexit: EU leaders debate financial impact of UK's departure
BBC News
EU leaders have agreed to spend more on common defence and security policy in their next long-term budget, European Council President Donald Tusk says. Leaders of 27 states were meeting in Brussels to shape the 2021-27 budget. Members have been in ...
Brexit is already causing a drop in EU migration to UKFinancial Postalle 583 nieuwsartikelen » -
Jeff Fairburn's tin ear makes Persimmon the home of executive greed
via theguardian.comHe finally gave up a small fraction of his ‘preposterous’ bonus but too late in the gameJeff Fairburn didn’t buckle when his chairman, as well as the head of Persimmon’s remuneration committee, resigned in December over his insistence on taking his £100m bonus in full. Nor did he waver in the media storm that followed. He’d make a donation to charity, he eventually conceded, but never got round to defining what he meant by a “very meaningful” sum. -
Toys R Us faces bankruptcy, putting 3,200 jobs at risk
via theguardian.comTroubled retailer has been struggling to find a buyer before £15m VAT bill falls dueToys R Us is expected to tumble into administration next week after last ditch talks to find a buyer faltered.The move will put 3,200 jobs at risk and follows the recent decision by its bankrupt American parent to try to sell the loss-making UK business as well its other European stores. Continue reading... -
Ex-BHS boss Dominic Chappell ordered to pay £87,000 in pensions case
via theguardian.comHe says he is broke and can’t pay, after court rules he failed to give information to regulatorThe former owner of BHS, Dominic Chappell, has been ordered to pay a £50,000 fine and £37,000 court costs for failing to disclose vital details to the pensions watchdog as part of its investigation into the collapse of the high street chain.The fine – which Chappell said he could not pay because he had “no funds” – comes on top of a demand from the Pensions Reg -
Can this man save our high streets?
via theguardian.comPhilip Day is the opposite of the brash entrepreneur, yet he’s quietly showing his retail rivals the wayThe turnover of shops on Britain’s high streets charts the rise and fall of retail empires as once popular brands and their owners fall out of fashion. The 2016 collapse of BHS shocked the foundations of Sir Philip Green’s retail empire and the mooted sale of his Topshop to Burton group Arcadia would bring the final curtain down on a near 20-year reign as king of the high str -
Big six energy companies routinely overcharging customers – exclusive
via theguardian.comAnalysis for the Guardian shows most companies charging customers the same after switching them to ‘cheaper’ tariffsThe UK’s big six energy companies have been accused of dirty tricks after analysis for the Guardian revealed that they are routinely charging customers almost exactly the same amount after switching them off controversial default tariffs.In the face of Theresa May’s plans to impose a price cap on standard variable tariffs (SVTs), which more than half of ener -
RBS posts its first profit in 10 years
via theguardian.comBoss of taxpayer-owned bank hails profit as ‘symbolic moment’ despite looming litigationRoyal Bank of Scotland has posted its first annual profit in a decade, but admitted it is braced for a multibillion-pound hit from US regulators. The bank, which is still 71%-owned by the government, made a profit of £752m in 2017, following a £7bn loss in 2016. Its chief executive, Ross McEwan, declared it a symbolic moment and an indication RBS had moved on. The bank, however, would -
Let’s move to Hebden Bridge, West Yorks: a rain-soaked paradise
via theguardian.comIf the roots of its liberal and creative image are a mystery, its appeal is obviousWhat’s going for it? Nobody knows why Hebden Bridge became “Hebden Bridge”, officially the quirkiest/kookiest/koolest/most LGBTQ-friendly/least chain-store-y etc small town in the universe. I have asked. I asked the people in the herb shop on the narrowboat, at the market, on the towpath, at the Trades Club. I asked Urban Boffins in the university faculty I teach in. Nobody knows. It looks like o -
Brightly painted homes – in pictures
via theguardian.comShow your true colours with these visually stunning properties, from Devon to Norfolk Continue reading... -
Heathrow: budget row threatens to further delay third runway
via theguardian.comAirlines back cheaper rival bid, warning projected spend could increase passenger costsThe chances of a smooth takeoff for Heathrow’s expansion plans were always slim, but an unexpected obstacle has arisen in the path of a third runway. Some of Britain’s biggest airlines have lent their voices to a rival proposal to develop Heathrow for about £5bn less than the airport itself declares necessary, fuelling a row over costs and throwing fresh uncertainty on the scheme.A crucial vo -
ECB accuses Trump of sending euro soaring to squeeze stock exchanges
THE European Central Bank has accused Donald Trump’s administration of breaching global accords by driving down the dollar against the euro to gain trade advantage. -
Bitcoin news: Expert claims cryptocurrency is a 'technological BREAKTHROUGH like mobiles'
BITCOIN and other cryptocurrencies should be seen as an “important generational breakthrough” in technology and crypto-sceptics should start realising its exponential potential, according to financial expert Matt Hougan. -
RBS shares drop 4% on fears of heavy US fines - as it happened
via theguardian.comRoyal Bank of Scotland is back in the black, but litigation problems remainPerismmon bosses cut share awards after controversyBritish Airways owner IAG shares fall but Pearson gains groundEurozone inflation slips in January 2.51pm GMT Royal Bank of Scotland has moved back into profit after nine years of losses, prompting chief executive Ross McEwan to hail “a symbolic moment”. But the bank has not included provisions for potential fines from the US Department of Justice, which are li -
Bitcoin price LIVE: BTC returns to the $10,000 mark after spell of mid-morning volatility
BITCOIN has recovered from a low of $9,600 to stand at $10,362 and another day of price volatility. The news comes as Iran mulls state-backed cryptocurrency, following on from Venezuela's petro. -
Centrica cuts 4,000 jobs after 17 per cent drop in annual profit
BRITISH Gas owner Centrica is cutting a further 4,000 jobs as it steps up an efficiency drive to combat political intervention and increased competition in the energy market after a 17 per cent drop in annual profit. -
Pound V euro: GBP exchange rate up 0.3 per cent after Brexit talks at Chequers
THE pound to euro exchange rate has made moderate gains today, with Sterling also advancing by over 0.4 per cent against the Australian dollar and the New Zealand dollar. This GBP advance follows marathon eight-hour talks between Theresa May and senior ministers at the PM’s country retreat of Chequers. -
Pound v US dollar: GBP exchange rate edges higher as analysts suggest BoE rate hike
THE pound is trending higher against the US dollar this morning as analysts suggest a possible rate hike from the Bank of England is beginning to dominate market outlook. The pound US dollar exchange rate is currently at around $1.394. -
Pound LIVE: Sterling UP as Hammond says 'constructive' Brexit talks taking place
THE pound is having a good day and is up by 0.41 percent against the euro to 1.164 and is up 0.32 percent to 1.3994 against the dollar. At the same time Chancellor Philip Hammond has reported "constructive" Brexit talks. -
Persimmon slashes boss's bonus … to just £75m
via theguardian.comHousebuilder cuts controversial bonuses to CEO and two other executives after outcryPersimmon is slashing bonus payouts to three executives by £51m, including a £25m cut for its chief executive, after the UK’s second largest housebuilder was strongly criticised over its controversial pay deal.The FTSE 100 firm said Jeff Fairburn would receive £75m worth of shares rather than £100m under the company’s long-term incentive bonus plan. Continue reading... -
UK taxpayer-owned RBS reports first profit in a decade - Financial Post
UK taxpayer-owned RBS reports first profit in a decade
Financial Post
LONDON — Taxpayer-owned Royal Bank of Scotland has reported its first profit in a decade but warned that its 2018 results may be hit by a pending settlement with U.S. officials. RBS, bailed out by the British government during the 2008 financial ...en meer » -
'You don't raise interest rates when unemployment rises' – experts debate Brexit watch data
via theguardian.comTwo former members of Bank of England’s interest rate-setting committee discuss the outlook consumers are squeezed by inflation• The economy is starting to deteriorate• February verdict in charts Senior economic adviser at the PwC consultancy and member of the Bank of England’s monetary policy committee from October 2006 to May 2011 Continue reading... -
Centrica feels the heat but avoids cutting the dividend yet again | Nils Pratley
via theguardian.comCentrica’s Iain Conn issued regrets on many fronts but probably saved his job – for nowThe Centrica chief executive, Iain Conn, avoided the indignity of cutting the dividend for a second time in three years and has probably saved his job as a result, at least for now. It will be 4,000 colleagues who lose theirs as the company embarks on another round of cost-cutting in search of stability.Conn found himself issuing regrets on many fronts – to the affected workers and to investo -
Feel the fear and do it anyway – must-do advice from business founders
via theguardian.comSeizing opportunities and being ‘perpetually frustrated’ is a good thing, according to some of London’s leading entreprenuers
One of the biggest – but most worthwhile – risks you’ll take as a business founder is your first: getting started. Then, after that initial plunge, come the inevitable professional and personal highs and lows of running a business and managing a team. At an event co-hosted in London by the Guardian and Aldermore Bank, a specialist lende -
Snapchat shares plummet £1BILLION within HOURS after Kylie Jenner tweets redesign fury
KYLIE Jenner sent Snapchat owner Snap Inc’s share price plummeting with the value falling £1billion in just four hours after tweeting her hatred for its latest redesign.
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