Financial news

• Outgoing UK financial regulator says City's future uncertain due to Brexit - Reuters

  14-03-2018 19:38
  Money Marketing
  Outgoing UK financial regulator says City's future uncertain due to Brexit
  Reuters
  LONDON (Reuters) - London's future as a global financial centre is uncertain because of Brexit and Britain faces a tough task to secure European Union market access for its banks and insurers, a top UK regulator said on Wednesday as he steps down. FILE ...
  Outgoing UK financial regulator says city of London's future uncertain due to BrexitThe Straits Times
  London's Future as Financial Center Uncer
  
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• No plans to scrap 1p and 2p coins, Downing Street says

  14-03-2018 18:08
  Government rules out idea floated in Treasury paper after media opposition to the moveThe government is not planning to axe 1p and 2p coins, Downing Street has said, after a brief if vehement media campaign against the idea, which had been floated in a Treasury paper released with the spring statement.The Treasury paper published on Tuesday announced a consultation on cash and digital payments, and noted that many consumers no longer regularly used 1p and 2p coins, as well as the £50 note.
  
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• Toys R Us to shut all UK stores, resulting in 3,000 job losses

  14-03-2018 14:22 via theguardian.com
  Retailer to start closing shops from Thursday as rescue talks fail to find a buyer Toys R Us is to shut all 100 of its UK stores, with closures beginning on Thursday after administrators failed to find a buyer for the collapsed retailer, resulting in the loss of 3,000 jobs.The chain’s administrators said the group would be extending a nationwide discounting programme and encouraged shoppers to “take advantage of special offers while stocks remain high”. Continue reading...
  
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• Brassed off! The backlash against binning 1p and 2p coins

  14-03-2018 13:50 via theguardian.com
  The Treasury is consulting the public on plans to get rid of the UK’s copper currency, which costs more to make than it’s worth. Some are opposed to the changeName: One new pence and two new pence.Also known as: Coppers, small change, shrapnel, the penny, tuppence. Continue reading...
  
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• Could my savings bomb with banks like Atom?

  14-03-2018 08:00 via theguardian.com
  I need to be sure I’m safe with new banks rather than established namesI am trying to get the best interest on my savings and usually only use the high street banks. Is using newer banks, such as Vanquis or Atom, as safe? I am tempted, but nervous.BG, by emailContinue reading...
  
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• Want to save your job and make more money? Buy out your boss | Aditya Chakrabortty

  14-03-2018 07:00 via theguardian.com
  Two Glasgow businessmen knew that selling up for big money would also mean huge job cuts, so they handed over power to their staff instead. The latest article in our new economics series explores this forgotten solution
  • Listen to Aditya Chakrabortty talking about game-changing economic models on The Alternatives podcastIt had all been going so well. In this smoothest of seductions, John Clark and Alistair Miller hadn’t had to do a thing. There they were, itching to sell their busine
  
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• UK equity income discounts 'biggest since financial crisis' - Financial Times

  14-03-2018 06:01
  Financial Times
  UK equity income discounts 'biggest since financial crisis'
  Financial Times
  Historically wide discounts have opened up in the UK equity income sector as the investor sell-off continues, with some well-known investment trusts trading at levels not seen since the financial crisis. Fears over the impact on domestic companies of ...
  
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• Bitcoin price BOOST: One key change could be SOLUTION to major regulatory problems

  14-03-2018 04:19 via feedproxy.google.com
  BITCOIN’S challenges around lack of regulation and legitimacy could be solved if it is traded in a similar way to gold and other precious metals, according to a major European digital currency exchange.
  
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• Bitcoin price SHOCK: Cryptocurrency values could PLUMMET after MAJOR G20 regulation talks

  14-03-2018 03:52 via feedproxy.google.com
  FINANCE ministers and central bankers are set to hold major talks on the future of cryptocurrencies at a meeting of the G20 next week and could cause prices to plummet.
  
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• Dog dies on United Airlines flight after being forced into overhead locker

  14-03-2018 01:56 via theguardian.com
  Airline has apologised after puppy perished when flight attendant insisted it be kept in overhead storage for three-and-a-half hoursA dog has died on a United Airlines flight after an attendant forced the animal’s owner to put the pet in the cabin’s overhead bin. The airline said it was taking full responsibility.On United Flight 1284 from Houston to New York on Monday, a woman who was flying with children and a small dog was pressured by a flight attendant to put her dog in overhead
  
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• Green Investment Bank sell-off process 'deeply regrettable', say MPs

  14-03-2018 01:01 via theguardian.com
  Committee says government should have got stronger commitments on bank’s futureMPs have accused the government of a “deeply regrettable” failure to put in place strong guarantees that the UK’s green investment bank will continue to support renewable energy after its privatisation.The public accounts committee said it was unclear whether the bank would continue to support the government’s energy policy or climate change goals, because the bank’s new owner is no
  
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• Debt charity says more than 600,000 people sought help last year

  14-03-2018 01:01 via theguardian.com
  StepChange says there has been a surge in recent years in single parents seeking adviceMore than 600,000 people in financial difficulties last year sought help from the debt charity StepChange, including disproportionate numbers of single parents and those in rental accommodation.The charity said 619,946 new clients contacted it for debt advice last year – 3.5% more than in 2016, and 22% more than four years earlier.Continue reading...
  
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• Litecoin vs Bitcoin: Could Litecoin price topple Bitcoin? Cryptocurrencies compared

  14-03-2018 00:06 via feedproxy.google.com
  LITECOIN may not be the top cryptocurrency but its price has soared in comparison to number one rival bitcoin over the last year, increasing by a whopping 4119.82 percent compared to just 13.4 percent for bitcoin. So could the Litecoin price eventually topple that of its big brother? We compare the two cryptocurrencies.
  
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