Financial news

• Europe's costly financial shake-up may yet benefit a post-Brexit UK - Telegraph.co.uk

  26-03-2018 21:13
  Telegraph.co.uk
  Europe's costly financial shake-up may yet benefit a post-Brexit UK
  Telegraph.co.uk
  Oops. That wasn't supposed to happen. It's been two weeks since a major provision of the sprawling new EU regulation called Mifid II came into effect and its immediate impact… hasn't exactly been as intended. In fact, it might well have helped achieve ...
  Whistleblower at centre of privacy scandal to testify in UKFinancial Postalle 433 nieuwsartikelen »
  
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• Gambling Commission considers ban on credit card betting

  26-03-2018 19:54 via theguardian.com
  Regulator says profits in the online gambling industry jumped by 10% in 2017 to £4.7bnThe Gambling Commission is considering banning people from using their credit cards to place bets. The regulator said on Monday gambling on credit cards “increases the risk that consumers will gamble more than they can afford” and it would “consider prohibiting or restricting the use of credit cards” in order to protect gamblers from racking up huge debts that they cannot pay.Conti
  
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• House of Fraser owner to inject funding amid fears for chain's future

  26-03-2018 19:44 via theguardian.com
  Chinese firm Sanpower to inject £15m into high street retailer as it struggles with flagging sales and crippling costsThe Chinese company behind House of Fraser will inject about £15m into the department store chain this week as part of a plan to allay concerns about the 169-year-old firm’s financial health.The retailer, which employs 6,000, has been under the spotlight over fears it could become the next victim of torrid trading conditions for the UK retail sector that have al
  
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• Taking action for those jailed over unpaid council tax | Letters

  26-03-2018 19:11 via theguardian.com
  Angela Rafferty QC and 57 others note that significant numbers of people are being unlawfully imprisoned for non-payment of council tax. They think this is likely to be one of the largest mass miscarriages of justice in British historyThe current council tax system is not only “highly regressive” because of its weak links to property values as suggested in Phillip Inman’s article (Report, 20 March). Since council tax replaced the community charge in 1992, thousands of people in
  
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• First self-driving train launches on London Thameslink route

  26-03-2018 17:48 via theguardian.com
  Rail company says system will not mean end of drivers, but will allow more trainsPassengers have been carried across London by the first self-driving train on a mainline railway in the UK.Govia Thameslink Railway promised that it would not spell the beginning of the end for drivers, who remain responsible for safety and can take control of the train at any time.Continue reading...
  
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• The middle is being squeezed – can it recover?

  26-03-2018 17:22 via theguardian.com
  From class to politics to business, the middle was linked to stability – now things are less predictableThere was a time when many regarded being in the middle of the distribution – socially, politically, and in the business world – as a favourable, stabilising, and desirable outcome. From the anchoring role in society of the middle class to the agility and resilience of mid-size firms, the middle was seen as consistent with both individual and collective wellbeing. Yet, in rec
  
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• DPD to offer couriers sick pay and abolish fines after driver's death

  26-03-2018 14:50 via theguardian.com
  Delivery firm to offer 6,000 drivers right to be classified as workers in wake of Don Lane’s deathThe courier company DPD is to offer all of its drivers sick and holiday pay and will abolish its controversial £150 daily fines for missing work, as part of wholesale reforms to its gig-working model sparked by the death of a driver it charged for attending a medical appointment to treat his diabetes and who later collapsed.The announcement came six weeks after the Guardian exposed the c
  
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• UK promises review of Financial Reporting Council - IPE.com

  26-03-2018 14:49
  IPE.com
  UK promises review of Financial Reporting Council
  IPE.com
  The UK's business minister has promised an independent inquiry into the functioning of the accounting watchdog, the Financial Reporting Council. Speaking last week to a parliamentary inquiry into the collapse of Carillion, Greg Clark said: “There is a ...
  
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• Equistone to buy UK's Small World Financial Services - Banking Business Review

  26-03-2018 14:15
  Banking Business Review
  Equistone to buy UK's Small World Financial Services
  Banking Business Review
  Private equity investor Equistone Partners Europe has agreed to purchase a majority stake in UK-based Small World Financial Services from FPE Capital and MMC Ventures for an undisclosed sum. As part of the deal, Small World's management will acquire a ...en meer »
  
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• Embrace smart meter rollout or go bust, big energy firms warned

  26-03-2018 14:04 via theguardian.com
  Smart Energy GB boss says those who fight move risk new market entrants overtaking them The UK’s big six energy companies have been warned that they face going out of business if they drag their heels on the nationwide switch to smart meters.While large energy suppliers publicly support the £11bn government scheme to offer the meters to every home and business by the end of 2020, some are installing them slowly and privately complain of the cost. Continue reading...
  
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• UK financial services pessimism growing: CBI - MarketWatch

  26-03-2018 13:09
  About Manchester
  UK financial services pessimism growing: CBI
  MarketWatch
  Optimism in the U.K. financial-services sector fell in the first quarter of 2018, marking the longest period of pessimism in the industry since the 2008 financial crisis, according to research by the Confederation of British Industry. The survey of 81 ...
  Optimism Among UK Financial Services Firms Weaken: CBI/PwCMarkets Insideralle 7 nieuwsartikelen »
  
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• National Motorhomes has not refunded £1,250 campervan deposit

  26-03-2018 09:01 via theguardian.com
  It keeps making excuses despite repeated requestsWe hired a campervan through National Motorhomes in August last year. It took a £1,250 deposit, to be repaid four weeks after we returned it – in our case, Christmas Eve. But despite repeated requests, it has failed to refund us.I was first told the money would be back in my account in five days. Then it would be 10. Now it claims the credit administrator is off sick and “might be back tomorrow”. SG, Lincolnshire Continue r
  
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• Smart meters: customers say they can’t get firms to install them

  26-03-2018 09:00 via theguardian.com
  Each month energy suppliers are putting 400,000 smart meters into UK homes. But 1m are needed to hit the 2020 target‘Get smart” urges the website of EDF, one of the UK’s largest utilities firms. It tells customers that a free smart meter will help them manage their gas and electricity bills “the hassle-free way” and promises those who book an installation that “we’ll help you get smart about the energy”. The deal is part of a government target to o
  
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• Pricey periods: how to save money on sanitary products

  26-03-2018 09:00 via theguardian.com
  Choosing supermarket own-brands or reusable menstrual cups can reduce the cost to one’s wallet and the environmentDenise Preis never needs to buy sanitary pads or tampons. And since first using a silicone menstrual cup more than five years ago, she has saved over £350. “A friend recommended it,” the 41-year-old says. “I’d always used organic tampons and pads, and wasn’t sure I’d like inserting a cup, but I got used to it quite quickly.” The s
  
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• Should I keep my cash in a savings account or a lifetime Isa?

  26-03-2018 08:00 via theguardian.com
  I’m thinking about buying a property, but I’m worried I’ll face penalties if I decide against it Q I’m originally from Denmark, but moved here five years ago to do my degree. I’ve now finished studying and have started my first full-time job in London. As I’m only in my early twenties it’ll probably be some years before I’ll need a mortgage but I would like to plan ahead.I’m in the lucky position that I already have a savings of the equivalen
  
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• UK pensions gender gap widens in past decade, figures show

  26-03-2018 07:01 via theguardian.com
  Average single woman receives £85 less than a man, up from a £31 income gap in 2006-07The gender gap in UK retirement incomes has widened dramatically over the last decade, with the average single woman now £85 a week behind her male counterpart, according to new data.The findings come as companies and organisations continue to report the difference between what they pay male and female staff ahead of the 4 April deadline set by the government, and suggest that gender pay inequ
  
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• Pay is falling behind productivity – with Brexit-voting areas worst off

  26-03-2018 01:01 via theguardian.com
  In leave strongholds such as Lancashire and Cumbria output is booming – but not wagesThe British economy risks splitting further along lines drawn by the Brexit vote, according to a report warning pay rises in some parts of the country have failed to match increases in worker productivity. According to the thinktank Localis, there has been a breakdown in the relationship between rising levels of worker productivity – a key measure of economic output per hour of work – and incre
  
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• Carillion bosses displayed 'greed on stilts', MPs claim

  26-03-2018 01:01 via theguardian.com
  MPs’ committee reveals new evidence showing how bosses sought to boost and protect bonuses despite dire financesCarillion bosses have been accused of demonstrating “greed on stilts” by worrying more about “fat pay and bonuses” for bosses than looking out for signs of trouble before the company collapsed.MPs investigating the failure of the government contractor released reams of fresh evidence on Monday showing how Carillion sought to boost and protect the rewards f
  
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