Financial news

• Facebook’s week of shame: the Cambridge Analytica fallout

  24-03-2018 22:11 via theguardian.com
  Mark Zuckerberg kept his silence – then did little to assuage the anger in a week that laid bare the worst of Silicon ValleyEvery story has a beginning. For me, the story of Cambridge Analytica and Facebook that has unfolded so spectacularly this past week began in a cafe in Holloway, north London, at the beginning of 2017.I was having a coffee with my colleague Carole Cadwalladr. She had recently written a series of articles that set out how certain Google search terms had been “hij
  
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• Next hits 25-year low as profits tumble by 8%

  24-03-2018 20:58 via feedproxy.google.com
  NEXT suffered an 8 per cent drop in annual profit and is set for its third straight decline this year after its most “challenging” period for a quarter of a century.
  
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• Unprotected GKN left to brave the cold corporate winds alone

  24-03-2018 17:00 via theguardian.com
  As the takeover deadline looms, MPs and unions voice fears for Britain’s industrial future if the deal is allowed to go aheadIt is a company that dates back to Britain’s industrial revolution: an ironworks in south Wales that started in 1759 and supplied the tracks for Brunel’s Great Western Railway. It has become, as GKN, a global engineering giant supplying car and aerospace parts, employing 60,000 around the world and 6,000 in the UK. But now corporate raiders loom in the fo
  
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• Raider Ed Bramson leaves Barclays to sweat over his biggest bet yet

  24-03-2018 16:59 via theguardian.com
  Aggressive American investor’s toughest test may be the strictness of financial regulatorsLife may have just got more exciting for the bosses of Barclays – and not in a good way. Last week the bank revealed that Edward Bramson – a US-based investor who admits that some people would describe him as “pond scum” – had notched up a 5.2% shareholding, making him Barclays’ fourth-biggest investor. The disclosure was required once Bramson passed the 5% mar
  
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• Brexit warning: City braced for 'cliff edge' amid EU uncertainty

  24-03-2018 13:54 via feedproxy.google.com
  THE CITY of London is continuing to plan for a "cliff edge" Brexit after European regulators failed to explain how banks will be allowed to operate during the transition period.
  
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• MAPPED: Where is Bitcoin legal? Cryptocurrency regulations across the world

  24-03-2018 11:00 via feedproxy.google.com
  BITCOIN is the best-known of all the cryptocurrencies, however legal status of the sale and even possession of the digital token varies across the world. But where exactly is bitcoin legal, and which countries have placed restrictions or bans on its trade?
  
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• 'I'm just not snobby': how Christopher Bailey restyled Burberry

  24-03-2018 10:00 via theguardian.com
  As the designer stands down after 17 years, he explains how he turned an ailing raincoat maker – with a reputation for ‘chav check’ – into one of the world’s biggest luxury brands
  • Adwoa Aboah models his final collection here In fashion, serious players tend to adopt outlandish characters. Karl Lagerfeld is the mischievous time traveller, with his powdered 18th-century pompadour and solid gold Apple watch. Alexander McQueen played the tattooed bad boy. Anna Wi
  
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• Where to move for the best restaurants

  24-03-2018 09:00
  I devolve responsibility to the Good Food Guide, going strong since 1951Dulwich, south London. Well, that’s where TripAdvisor suggested in December when Oobah Butler tricked it into ranking fake restaurant The Shed number one, thanks to a legion of “reviews” by his friends and some nifty photography of “meals” using shaving foam. That’s the thing about who you trust with your tummy – it all depends on who you trust. Algorithms and the general public
  
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• Explorer Levison Wood: ‘After my next big trip, I think I’ll go on a wife hunt’

  24-03-2018 09:00 via theguardian.com
  The explorer, writer and photographer on significant others, sleeping in caves and eating bush ratAt home, I rise at about 7.30am, after eight hours’ sleep and at least two snoozes, but when I’m travelling, I rarely spend two nights in the same bed. I might wake in a shepherd’s hut or a cave; last week, I woke in the Jordanian desert and discovered hyena tracks nearby. I’ve had wolves, leopards and elephants loitering, and once woke up with a snake in my tent. By nightfal
  
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• True or false? 'If you do a runner, the waiter has to pay your bill'

  24-03-2018 08:01 via theguardian.com
  Do restaurants make staff pick up the tab if you don’t pay your bill? We try to get to the factsSo do restaurants make waiting staff pay when customers leave without settling their bill? A fortnight ago, in his “Money talks” column, Patrick Collinson related how, at an airport restaurant earlier this month, he was told by a waiter that they had to pick up the tab if a customer did a runner. Yet the company in charge vehemently denied the account, saying: “This does not ta
  
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• Renewing your car insurance? Best policy is to avoid saying ‘unemployed’

  24-03-2018 08:01 via theguardian.com
  Just being more precise about your occupation on a form could save you £700 a yearMiles Brignall Next time your car insurance renewal comes through, don’t fall into the trap of describing yourself as unemployed if, for example, you are retired, a student or a housewife/house husband. If you do, you could end up paying 50% more. Continue reading...
  
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• Payday loans are bad for your mental health

  24-03-2018 08:01 via theguardian.com
  Form of credit has been identified as the unhealthiest for mental well-being by a public health groupPayday loans have been identified in a new report as the “unhealthiest” form of credit, with unauthorised overdrafts coming second.More than 500 borrowers were asked about the impact that different forms of credit had on them to compile the findings. Continue reading...
  
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• ‘Britain seems broken now’: faces from the Brexit exodus to Europe

  24-03-2018 08:01 via theguardian.com
  The EU referendum result spurred a life-changing move to a better standard of living for these couples and familiesAn increasing number of Brits disappointed and angry about the referendum result are opting to start a new life in Europe before the UK leaves the EU on 29 March 2019. They include Vishal Vora, who has quit London for Berlin and says “Britain really seems broken now”, and Liz and Gary Trow, who have relocated to France, saying that their daughter is enjoying a more
  
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• Alarm bells ring as ADT charges £513 for a nine-minute visit

  24-03-2018 08:01 via theguardian.com
  Quoted call-out fee more than doubled after engineer replaced £20 batteryMiles Brignall Security company ADT billed a couple for £513 for an engineer’s visit that lasted just nine minutes. Continue reading...
  
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• Should I trust secondary ticket websites?

  24-03-2018 08:00 via theguardian.com
  Sometimes I see good ticket prices on these sites but are they too good to be true?Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• ‘I don’t buy clothes – my best suit is 30 years old’

  24-03-2018 08:00
  Former teacher and semi-retired business owner Barry Crossland feels fortunate in a comfortable retirementI am of the fortunate generation and I know how lucky I am. My greatest concern is for young people who face a bleaker future with student debt and housing costs, and a third of my net income – £8,000 a year – goes to support my two eldest grandchildren through university. My son-in-law keeps a spreadsheet to ensure that all five grandchildren benefit equally over the years
  
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• Facebook data scandal: UK regulators search Cambridge Analytica offices - Financial Express

  24-03-2018 04:22
  Financial Express
  Facebook data scandal: UK regulators search Cambridge Analytica offices
  Financial Express
  British regulators today began searching the London offices of Cambridge Analytica (CA), the scandal-hit communications firm at the heart of the Facebook data scandal, shortly after a judge approved a search warrant. By: AFP | Published: March 24, 2018 ...en meer »
  
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