Financial news

• ISAs 2018: What is the limit on the amount you can invest in an ISA?

  16-03-2018 22:19 via feedproxy.google.com
  THE ISA allowance deadline is less than three weeks away as the 2018-18 tax year, beginning April 6, fast approaches. But what is the limit on the amount you can invest in an ISA?
  
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• Brexit stability threat: Bank of England warns of ‘material risks’ to financial markets

  16-03-2018 21:57 via feedproxy.google.com
  THE Bank of England has warned “material risks” remain which threaten the stability of the UK’s £26trillion derivatives markets with the European Union after Brexit.
  
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• Europe's €900 BILLION problem: Warning as EU has bigger debt than before CRASH

  16-03-2018 20:11 via feedproxy.google.com
  THE European Union debt problem is even worse than before the global financial crisis a decade ago, with almost €1trillion-worth of bad loans weighing heavily on Europe’s banks.
  
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• Berkeley crushes hopes of extra new homes; US consumer confidence jumps - as it happened

  16-03-2018 18:50 via theguardian.com
  Leading builder says it can’t boost production to build the extra homes that Britain badly needsUS consumer morale hits 14-year highBerkeley: Production can’t rise above existing levels
  Experts: Housebuilder is in a stand-off with the governmentBerkeley blames economic uncertainty, planning rules, etc etc...Shares fall 6% as traders sell upBank of England: Mortgage lenders are taking more risks 5.49pm GMT And finally, Berkeley Group closed down 5.4% on the London stock market tonight
  
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• Global energy giants forced to adapt to rise of renewables

  16-03-2018 18:26 via theguardian.com
  Companies face world where falling cost of solar and wind power pushes down pricesSeven years after an earthquake off Japan’s eastern coast led to three meltdowns at the Fukushima Daiichi nuclear power station, the aftershocks are still being felt across the world. The latest came last Saturday when E.ON and RWE announced a huge shakeup of the German energy industry, following meetings that ran into the early hours.Under a complex asset and shares swap, E.ON will be reshaped to focus on su
  
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• Wetherspoons increases price of sugary soft drinks

  16-03-2018 18:03 via theguardian.com
  Pub chain blames manufacturers for passing down sugar tax, forcing it to charge customers more JD Wetherspoon has increased the price of sugary soft drinks such as Pepsi by 10p ahead of the new sugar tax which the pub firm said would cost it £3m this year.The chairman of JD Wetherspoon, Tim Martin, said drinks manufacturers were passing on the cost of the sugar tax, which comes into effect next month.Continue reading...
  
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• Goldman Sachs pay gap reveals men paid twice as much as women

  16-03-2018 17:34 via theguardian.com
  More men than women in senior positions contributing to 55.5% gender pay disparity, investment bank saysMen at Goldman Sachs earn more than twice the average hourly pay of women at the US investment bank’s British business and take home much bigger bonuses, in the latest example of pay disparity in the City.The business’s gender pay gap report, published on Friday under new rules designed to shine a light on big variations in earning power between men and women, reveal that women ear
  
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• Let’s move to Spalding, Lincolnshire: there’s that slightly bleak Fenland feel

  16-03-2018 17:30 via theguardian.com
  The countryside is all Mondrian fields of peas, tulip bulbs and potatoes, sliced up by long, straight, grey-watered dykesWhat’s going for it? With my surname, I always fancy that one of my ancestors was up this way some time in the 17th century, dressed in muddied breeches, my dyke-building great-great-great-etc-grandads coming over from Middelburg in the Netherlands to show the Brits how to drain the splodgy Fens. To this day, Spalding seems to have more in common with Holland than Hollan
  
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• Mortgage lenders taking increasing risks, warns Bank of England

  16-03-2018 17:06 via theguardian.com
  Threadneedle Street puts banks on notice as it prepares for annual stress test of resilienceThe Bank of England has warned high street banks are taking increasing risks selling mortgages and commercial loans that could threaten the stability of the financial system if left unchecked. Threadneedle Street put banks on notice that it could force them to strengthen their financial reserves after finding almost a fifth of new mortgage lending has gone to customers who only just meet its affordability
  
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• State pension increase 2018: When will it rise this year? How much will state pension pay?

  16-03-2018 16:46 via feedproxy.google.com
  STATE PENSIONS will rise this year meaning those who have left work will now be entitled to higher weekly earnings/ But when will the state pensions rise and how much will it pay?
  
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• Conviviality seeks £50m in rights issue after financial errors

  16-03-2018 15:40 via theguardian.com
  UK drinks retailer saw its shares suspended after shock profit warning over arithmetic mistakeConviviality, owner of the Bargain Booze and Wine Rack chains, is seeking to raise more than £50m in an emergency rights issue next week after a series of catastrophic financial errors that have resulted in the suspension of its shares. On Friday the drinks retailer, which also operates the wholesaler Matthew Clark, told the City it was considering asking shareholders to inject fresh funds into th
  
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• London slump shrinks north-south divide in house prices

  16-03-2018 15:09 via theguardian.com
  Manchester and Birmingham set for faster growth than rest of the country as property value rises in northern EnglandThe north-south divide in house prices is beginning to narrow as the booming London property market fizzles out, according to experts who forecast parts of northern England are set to maintain a recent increase in value.Growth in house prices in the capital is expected to slip below the national average, continuing a slide triggered by the Brexit vote. This will result in further d
  
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• Regulator urges inquiry into breaking up big four accountancy firms

  16-03-2018 15:05 via theguardian.com
  Making KPMG, Deloitte, PwC and EY spin off auditing arms could end conflict of interest, says FRC
  A break-up of Britain’s big four accountancy firms could end their dominance in auditing the accounts of large companies and address a crisis of confidence facing the sector after a series of scandals, a UK regulator has suggested.Stephen Haddrill, the chief executive of the Financial Reporting Council, which regulates the sector, called for an investigation into whether KPMG, Deloitte, PwC an
  
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• ISAs 2018: How many cash ISAs can you have? Can you transfer money?

  16-03-2018 15:05 via feedproxy.google.com
  WITH THE ISA deadline looming ever closer, here is the latest information on cash ISAs including how many you can have at once and whether you can transfer money between your providers.
  
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• Cryptocurrency news: Will Litecoin ever overtake Bitcoin? Experts REVEAL predictions

  16-03-2018 15:04 via feedproxy.google.com
  LITECOIN is currently ranked as the fifth cryptocurrency on the market, it has grown more than 3855.16 percent over the past year and has shot from $4.26 this time last year to a price of $168.49. So why has it experienced this remarkable growth and could it overtake the number one cryptocurrency bitcoin?
  
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• Welcome to Powder Mountain – a utopian club for the millennial elite

  16-03-2018 15:00 via theguardian.com
  When these young entrepreneurs bought a remote ski resort in Utah, they dreamed of an exclusive, socially conscious community. Is this the future, or Mt Olympus for Generation Me? Jeff Rosenthal is standing near the top of his snow-covered mountain wearing a fluffy jacket, fingerless gloves and ripped jeans. “It’s surreal, man!” he says, shivering as he surveys the landscape of newly laid roads and half-built homes. “That’s Ken Howery’s house, the co-founder o
  
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• Stick to the letter of car-parking rules – or get a fine

  16-03-2018 14:53 via theguardian.com
  Most motorists can’t tell the difference between n O and 0, but that counts for nothing when it comes to chargesI received a fine at a hospital car park in October despite having paid £10 for a week’s parking. I appealed to POPLA (the parking on private land appeals process), which found against me because it was claimed I had entered my car number plate with a K instead of a J. My number plate does, in fact, include a K. The J is a figment of their imagination. When I pointed
  
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• ISAs 2018: What you need to know

  16-03-2018 14:34 via feedproxy.google.com
  ISA RATES are back on the rise at just the right time for UK savers, with just two weeks left to make use the 2017-18 allowance. With returns low and inflation rising, experts say that savers must avoid leaving money in poor performing accounts for long periods of time.
  
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• For sale: homes owned by TV stars – in pictures

  16-03-2018 14:08 via theguardian.com
  Feast your eyes on these extraordinary properties belonging to Germaine Greer, Graham Norton, John Cleese, Paul Whitehouse and Mary BerryContinue reading...
  
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• The death of retirement is looming – and the fallout will be disastrous | André Spicer

  16-03-2018 13:50
  Striking lecturers are not the only ones whose pensions will be impossible to live on“I’ll never be able to retire now.” I overheard this familiar refrain while standing in a crowd of thousands of striking university staff marching on parliament in a snow storm. What had brought so many people out on one of the coldest days of the year was a common anxiety – following proposed changes to their pensions scheme – that they would not be able provide for themselves and
  
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• Presidents Club scandal casts shade over 'sleazy' property industry

  16-03-2018 13:47 via theguardian.com
  Sex workers banned at Mipim event in Cannes as industry tries to shed sexist and racist imageUnder palm trees on the French Riviera, the property industry is desperately trying to shake the shadow of the Presidents Club, the men-only charity dinner at which estate agents and developers reportedly groped and harassed female hostesses.Related: MP calls for tougher laws after women 'groped' at men-only charity galaContinue reading...
  
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• Make mine a magnum: the rise of supersize wine bottles in Britain

  16-03-2018 12:59 via theguardian.com
  Waitrose reports sales have doubled as larger bottles move into the mainstreamThe magnum bottle, once the preserve of bankers’ bonus celebrations, is entering the mainstream as supermarkets report a surge in sales.Waitrose says purchases of magnums – twice the size of ordinary wine bottles – have doubled in the past year, while Sainsbury’s and Tesco each point to growth of more than 20%. At Majestic Wine, the UK’s largest specialist wine shop, sales have risen by 50
  
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• Manufacturers split on the benefits of the Apprenticeship Levy

  16-03-2018 12:48 via feedproxy.google.com
  AN EXTRA £80 million is to be released to help small businesses recruit apprentices, but the success of the Apprenticeship Levy is splitting manufacturing opinion.
  
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• State pension increase: How to check my state pension? What is the state pension amount?

  16-03-2018 12:35 via feedproxy.google.com
  STATE PENSIONS are going to increase next month after the government's changes come into force. How to check my state pension? What is the state pension amount?
  
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• Pound v US dollar: House building squabble and Donald Trump firings influence pairing

  16-03-2018 12:14 via feedproxy.google.com
  THE POUND to US dollar exchange rate has made a small advance today, although this is mainly down to the undesirable US dollar driving up demand for the relatively more stable Sterling.
  
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