Financial news

• Cryptocurrency scam 'makes more than $2million after ditching investors'

  12-03-2018 23:01 via feedproxy.google.com
  CRYPTOCURRENCY scammers appear to have made off with more than $2million with a fake ICO startup called Giza after allegedly ditching their investors.
  
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• Ripple price news LIVE: XRP plummets into RED as cryptocurrency drops below $0.80

  12-03-2018 21:41 via feedproxy.google.com
  RIPPLE has crashed back into the red tonight after a strong start earlier today. Here are the latest live updates on Ripple's price.
  
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• Nasdaq hits fresh record high as blowout US jobs report cheers markets - as it happened

  12-03-2018 21:06 via theguardian.com
  All the day’s economic and financial news, as shares rise in Asia and Europe and the US...but house prices fall in the UK capitalNasdaq ends at record highGoldman’s Solomon moves closer to succeeding BlankfeinIntroduction: Optimism over American economy
  London house prices in biggest fall since financial crisis
  Prices jump in the North West 8.06pm GMT Boom! New York’s stock market has closed for the day, with the Nasdaq at a fresh record high.The tech-dominated index finished 2
  
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• DOLLAR LATEST: US dollar falls as Federal Reserve facing interest rates pause

  12-03-2018 20:06 via feedproxy.google.com
  THE US dollar has fallen against most major currencies today as data suggested low wages will most likely discourage the Federal Reserve from raising interest rates.
  
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• GKN rejects Melrose's new hostile £8bn bid

  12-03-2018 20:05 via theguardian.com
  Engineering group and union urge shareholders not to accept ‘final offer’ amid calls for inquiryMelrose increased its hostile takeover bid for GKN to £8bn on Monday, but the engineering multinational was joined by Britain’s biggest trade union in urging shareholders to reject the offer from a suitor its critics accuse of operating as an asset-stripper.However, a sizeable investor in both companies indicated it would accept the improved cash and shares bid from Melrose, wh
  
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• PENSION WARNING: 'Great danger' over pension freedoms amid insurance withdrawal reforms

  12-03-2018 19:35 via feedproxy.google.com
  PENSION FREEDOM benefits are under threat as insurance companies are withdrawing from providing cover for financial advisers giving advice on retirement, it has been revealed.
  
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• Ripple price news LIVE: XRP back in GREEN against USD as cryptocurrency recovers

  12-03-2018 19:05 via feedproxy.google.com
  RIPPLE is back in the green today after opening more than two percent up following a week of tumbling losses. Here are the latest live updates on Ripple's price.
  
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• Persimmon chief's £75m bonus 'almost unfathomable' – Raab

  12-03-2018 18:44 via theguardian.com
  Housing minister says he is ‘not comfortable’ with effects of help to buy on housebuilders’ payHousebuilder Persimmon’s award of a £75m bonus to its chief executive, Jeff Fairburn, was “almost unfathomable”, the housing minister, Dominic Raab, has told MPs. Persimmon faced fierce criticism earlier this year after it emerged that a rise in profits, which has been attributed to the taxpayer-backed help-to-buy scheme, would trigger more than £2oom in
  
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• Pack it in: which food company has the most ‘cynical’ packaging?

  12-03-2018 17:48 via theguardian.com
  Tesco has come under fire for beef ribs that appear much bigger than they really are. But is it the worst offender? Not necessarily …On Sunday night, the Tory MP James Cleverly tweeted a picture of his dinner. A lot of Twitter users do, often with lip-smacking comments such as, “Om nom nom” or “#yums”. Cleverly, however, had a bone to pick with Tesco, whose British beef short ribs he had bought. Having ripped off the label, Cleverly had discovered that what looked
  
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• SSE-npower merger: UK watchdog examines German shakeup

  12-03-2018 15:38 via theguardian.com
  E.ON-RWE asset swap could threaten proposed tie-up of two of UK’s biggest suppliersThe UK competition watchdog is exploring the impact of a major asset swap in Germany on the proposed merger of two of the UK’s biggest energy suppliers, npower and SSE.In a deal announced on Saturday the German utility E.ON agreed to acquire rival RWE’s subsidiary Innogy SE, growing E.ON’s energy network and retail businesses. Continue reading...
  
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• Schuh chief executive says high street shoe retailer WON'T be sold off

  12-03-2018 15:16 via feedproxy.google.com
  THE chief executive of Schuh has dismissed the prospect of the company being sold off, despite its US parent facing pressure from an activist investor to offload the business.
  
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• Pound LIVE: Sterling mounts comeback ahead of Hammond's Spring Statement

  12-03-2018 14:41 via feedproxy.google.com
  THE POUND is up against the Euro and Dollar as Chancellor Philip Hammond is expected to deliver a Spring Statement built upon better-than-expected economic figures.
  
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• May’s Brexit will block ports and cripple business. Time to stop pretending | Jonathan Lis

  12-03-2018 14:03 via theguardian.com
  Tailbacks of up to 30 miles and rotting food at Calais do not pass Theresa May’s Brexit tests. The government needs to get its fingers out of its earsWarnings that Calais could prove to be Brexit’s hidden fireball should not come as a great surprise. While Ireland has, for political reasons, long proved to be the focus of anxiety about the UK/EU goods trade after we leave the bloc, far more traffic crosses the Channel, and, in the worst-case scenario, blocked ports at Calais or Dover
  
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• UK’s drone revolution: How $100BILLION industry could herald huge boost for Britain

  12-03-2018 13:49 via feedproxy.google.com
  BRITISH business has been given a boost with new industry standards for the use of drones moving ever closer, but one expert warns not to expect pizza delivery by drone anytime soon.
  
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• Bitcoin price LIVE: BTC just under the $10,000 mark as Reuters launch gauge for investors

  12-03-2018 13:47 via feedproxy.google.com
  BITCOIN is up from its low of $9,156 on Sunday, however, since 10.14am today bitcoin has been moving around from $9,920 to $9,895.
  
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• Do I have to pay stamp duty to buy my sister's share of a property?

  12-03-2018 13:04 via theguardian.com
  If you already own a home, the 0% SDLT rate for transactions up to £125,000 no longer applies Q My sister and I have each inherited a 50% share of a property valued at £120,000. I have agreed to buy my sister’s share from her for £60,000. The solicitor who has done the transfer conveyancing has told me I have to pay £1,800 stamp duty. Could you tell me if that is correct? GGA Assuming that you already own property, yes, that is correct. You are being charged 3% whic
  
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• Spring Statement 2018: What to expect: Chancellor given reasons for cheer ahead of speech

  12-03-2018 10:50 via feedproxy.google.com
  CHANCELLOR Philip Hammond will present his spring statement on Tuesday buoyed by the UK’s stronger economic position since he delivered the Budget on November 22.
  
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• Bitcoin price: Strategist warns bitcoin investors will be ‘MISERABLE’ in coming weeks

  12-03-2018 10:31 via feedproxy.google.com
  BITCOIN shed more than 20 percent of its value over the past week which has left bitcoin investors “miserable”, according to strategist Tom Lee.
  
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• What’s to blame for the gender pay gap? The housework myth | Emma Griffin

  12-03-2018 10:00 via theguardian.com
  The Victorians thought women were ‘naturally’ inclined towards motherhood and home, while men workedWe never hear politicians or pundits arguing that men should be paid more than women. Yet this reality is fundamental to the organisation of our society. The mean gender pay gap for full-time work runs at 14.1%, rising to 18.4% if part-time work is included. And these pay gaps are just one aspect of the unequal division of wealth between the sexes.Women in Britain continue to undertake
  
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• London property prices fall as much as 15% as Brexit effect deepens

  12-03-2018 08:09
  Average price in Wandsworth dips more than £100,000 with falls of up to 15% in capital in 12 monthsHouse prices in parts of London that were once at the epicentre of the UK property boom have fallen as much as 15% over the past year in fresh evidence of the impact of the EU referendum.Figures from Your Move, one of the UK’s biggest estate agency chains, reveal that the average home in Wandsworth – which includes much of Clapham, Balham and Putney – fell by more than &poun
  
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• Game on: it’s never too early to teach children about money

  12-03-2018 08:06 via theguardian.com
  Experts believe that how we handle finances is shaped by the age of seven – and board games and apps can helpThe cost of a mortgage or rents, meeting monthly utility bills, shelling out for a new car – all headaches most people get to worry about from their 20s. But while some may struggle to pay their bills after a few too many nights out at the start of the month, others will have a tightly followed plan for their repayments.So what is the difference between the savvy saver and the
  
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• Age UK owes me £760 but I can’t get it back

  12-03-2018 08:00 via theguardian.com
  I want a hearing aid deposit returned, but the charity’s commercial arm just won’t listenBack in April last year I tried a hearing aid supplied by Age UK’s commercial arm, paying a deposit of £760 against a total of £3,000. When it became clear it was not fit for my purpose, I returned it. I have been trying, for the last few months, to get my deposit back. I have been repeatedly told it will be paid in three or four weeks, but nothing happens.RW, Cambridge Continue
  
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• Bitcoin Cash price SKYROCKETS: Cryptocurrency climbs 12% TODAY amid market exchange boost

  12-03-2018 07:51 via feedproxy.google.com
  BITCOIN CASH prices have rocketed after the cryptocurrency climbed 12 per cent in value today amid speculation that it could be about to join a new virtual exchange, it has emerged.
  
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• Record numbers switch electricity supplier amid wintry UK weather

  12-03-2018 07:00 via theguardian.com
  About 660,000 households changed supplier in February with 1 in 5 avoiding big six suppliersA record number of households switched their electricity provider in February as wintry weather gripped the UK, sending home energy bills soaring.Trade body Energy UK said 660,000 people switched supplier last month, a new monthly record and 60% up on February 2017. The scale of switching means that so far this year the equivalent of everyone in a city the size of Birmingham has changed supplier, it said.
  
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• Downbeat reports take shine off UK chancellor's upbeat message

  12-03-2018 01:01 via theguardian.com
  Economic reports on falling high street footfall and credit card spending challenge Philip Hammond’s narrativeA chorus of downbeat reports on the health of the British economy published on Monday presents a sharp contrast to the chancellor Phillip Hammond’s spring statement message that there is “light at the end of the tunnel”.Credit card company Visa said spending on cards fell again in February, dropping 1.1%, and that the first quarter of 2018 was on track to be the &
  
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• Pound v US dollar: GBP begins trading week on steady form

  12-03-2018 01:00 via feedproxy.google.com
  THE pound-US dollar exchange rate started the trading week on a steady footing, supported by the possibility that tomorrow's UK Office of Budgetary Responsibility forecast could be upbeat.
  
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• Pound v euro: Exchange rate flat ahead of spring statement

  12-03-2018 01:00 via feedproxy.google.com
  THE pound to euro exchange rate remains close to its opening levels today, making one pound worth around €1.125. Sterling trade is limited because of growing uncertainty over the contents of the Treasury's spring statement tomorrow.
  
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