Financial news

• Bottle and can deposit return scheme gets green light in England

  27-03-2018 23:05
  Consumers to receive small cash sum for returning plastic, glass and metal drinks containersAll drinks containers in England, whether plastic, glass or metal, will be covered by a deposit return scheme, the government has announced.The forthcoming scheme is intended to cut the litter polluting the land and sea by returning a small cash sum to consumers who return their bottles and cans. Continue reading...
  
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• ​Jaguar to supply 20,000 cars to Google's self-driving spin-off Waymo

  27-03-2018 20:43
  Deal, worth up to £1.3bn, shows Waymo’s ambition in developing driverless ride-hailing serviceJaguar Land Rover is to supply up to 20,000 of its new electric I-Pace cars to Waymo, a subsidiary of Google owner Alphabet,to be converted into self-driving vehicles for its ride-hailing service.The tie-up, worth up to £1.3bn and announced at the New York motor show, is a further mark of Waymo’s ambition in the race with Uber and others to develop a driverless ride-hailing servi
  
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• Melrose pledges to keep its HQ in UK after hostile GKN bid

  27-03-2018 20:20
  Government says it has stepped in to seek binding assurances from the turnaround specialistMelrose has promised to keep its headquarters and listing in the UK, after the government stepped in to seek binding assurances from the turnaround specialist over its hostile £8bn bid for the engineering group GKN.
  Greg Clark, the business secretary, has written to Melrose – which has been headquartered in the UK since it was founded in 2003 – to demand a long-term approach, saying the b
  
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• Do something to help people hit by high credit costs | Letters

  27-03-2018 19:36
  Lord John Bird promotes his credit-worthiness assessment bill and Gary Martin argues for changes to benefit rulesThe foisting of high-cost credit on the poorest is front and centre this month with the launch of the End High Cost Credit Alliance (Michael Sheen launches campaign against high-cost lenders, 20 March). For those millions who can’t access mainstream products, high-cost lenders appear to offer the only way to afford everyday necessities. But those firms aren’t the only opti
  
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• Superdry co-founder gives £1.2m to charity as he steps down

  27-03-2018 19:20
  Julian Dunkerton, who launched the firm in 2003, donates shares to Blue Marine FoundationNearly £100m has been wiped off the value of Superdry after the fashion retailer announced the abrupt departure of co-founder Julian Dunkerton.Dunkerton is a pivotal figure in the history of the clothing brand, which he started with designer James Holder in 2003. The businessman, who got his break selling clothes on a Cheltenham market stall, was for many years the driving force behind the company&rsqu
  
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• Philip Green escapes company director ban for BHS £1 deal

  27-03-2018 19:13
  But Dominic Chappell faces boardroom exclusion after government inquiry into BHS collapseSir Philip Green has escaped a ban from serving as a company director by the Insolvency Service over the deal to sell BHS for £1 in 2015, a year before the retailer collapsed. However, Dominic Chappell, who led the consortium that bought BHS, faces a lengthy boardroom ban after a government inquiry into the collapse of the retailer in 2016, which led to the loss of 11,000 jobs. Continue reading...
  
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• EasyJet announces Berlin expansion and new long-haul link-ups

  27-03-2018 18:07
  Airline in talks with other carriers to allow booking of more connecting flightsEasyJet Europe, the sister airline set up to preserve easyJet after Brexit, has accelerated its growth by announcing rapid expansion in Berlin and new long-haul connections at Paris and Amsterdam.The easyJet chief executive, Johan Lundgren, said: “There’s no doubt that the growth potential is in Europe. The UK will always be a critical market, but we have more to go at in the European mainland.”Cont
  
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• FTSE 100 and European markets rise as Wall Street rally continues – as it happened

  27-03-2018 15:57
  Hopes that US and China can reach agreement on trade lifts investor confidence 2.48pm BST Signs that the US and China could be talking behind the scenes about avoiding a trade war have given global markets a lift after last week’s slump.European markets, which had missed out on Monday’s gains, have moved sharply higher today, with the FTSE 100 currently up around 2%, Germany’s Dax 1.7% better and France’s Cac climbing 1.3%. 2.33pm BST The rally on US markets on Monday whi
  
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• National Grid backs plan for earlier petrol and diesel ban

  27-03-2018 15:31
  Network thinks infrastructure and capacity can be in place a decade earlier in 2030 National Grid would support the government bringing forward its 2040 ban on new petrol and diesel car sales by a decade.The company, which runs the UK’s national electricity network and wants to build superfast car charging points at motorway services, told MPs it could cope with the demands of an earlier surge in electric car numbers. Continue reading...
  
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• The Brexit economy: light at the end of the tunnel?

  27-03-2018 15:03
  After progress in EU talks sterling has strengthened, inflation is falling and pay is rising. But sharp challenges remain•How has the Brexit vote affected the economy? March verdict
  • Experts debate the dataAs the one-year countdown to Brexit looms, the British economy is showing signs of steadying from the fallout triggered by the EU referendum, according to a Guardian analysis of economic news over the past month. After progress with Brussels towards a two-year transitional deal to s
  
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• Form 8.3 - GKN Plc - Business Wire (press release)

  27-03-2018 14:44
  Form 8.3 - GKN Plc
  Business Wire (press release)
  The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c), Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each ...en meer »
  
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• EUROZONE CRISIS: Third ‘SHARP’ drop in confidence - despite ECB’s claims of growth

  27-03-2018 14:41 via feedproxy.google.com
  EUROZONE economic confidence has dropped for the third month in a row according to the EU’s own Eurostat office as as the group suffers another “sharp” drop from a 17-year high reached in December.
  
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• How has the Brexit vote affected the economy? March verdict

  27-03-2018 14:27
  Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK
  •Brexit economy: light at the end of the tunnel?• Experts debate the data Continue reading...
  
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• Ripple price news LIVE: XRP falling today against USD in latest major crypto crash

  27-03-2018 13:50 via feedproxy.google.com
  RIPPLE has plunged into the red today as the cryptocurrency token fell by some eight percent this morning amid another cryptocurrency crash. Here are the latest updates on the Ripple price live.
  
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• GKN takeover fight: Company pledges £100m Dana sweetener for shareholders

  27-03-2018 13:37 via feedproxy.google.com
  GKN has pledged a quick payout to shareholders from a merger of its automotive business with Dana as the US group sweetened its offer. The FTSE 100 engineer, seeking to fend off a near-£8billion hostile takeover by Melrose Industries, said it would return up to £700million "as soon as practicable" after the deal.
  
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• It’s futile to rage at hedge funds over GKN – short-termism runs deeper | Nils Pratley

  27-03-2018 13:23
  The only serious way to reform UK policy on takeovers is by extending the national interest test to cover industrial policyAnne Stevens, the chief executive of GKN, did not have to retract all her weekend statements. One that stands – and is obviously correct – is that hedge funds “could not give a crap” about the engineering firm’s future. Their only interest in Melrose’s £7.9bn hostile bid lies in making money for themselves.Hedge funds, mostly merger
  
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• Baggies chief is stunned by club's financial state - Belfast Telegraph

  27-03-2018 13:13
  Belfast Telegraph
  Baggies chief is stunned by club's financial state
  Belfast Telegraph
  West Brom chief executive Mark Jenkins admits the club have "no more money for wages" and is shocked at the state of the Baggies. Albion are 10 points adrift of the Premier League safety line with seven games left and are expected to be relegated ...en meer »
  
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• Litecoin price drop: Why is Litecoin falling? What is Litepay?

  27-03-2018 12:48 via feedproxy.google.com
  LITECOIN’S price has seen a significant drop today after the payment processor LitePay informed investors it has closed up shop. Why is Litecoin falling? And what is Litepay?
  
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• AD Financial Corp. - Investing.com UK

  27-03-2018 12:17
  AD Financial Corp.
  Investing.com UK
  Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks ...
  
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• UK financial watchdog launches probe of Telit - Financial Times - Financial Times

  27-03-2018 12:08
  UK financial watchdog launches probe of Telit - Financial Times
  Financial Times
  Telit, the internet-of-things company shaken last year when its former chief executive was linked to a US fraud indictment, is under investigation by the UK financial watchdog over a significant profit warning last year.en meer »
  
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• UK financial watchdog launches probe of Telit - Financial Times

  27-03-2018 12:08
  UK financial watchdog launches probe of Telit
  Financial Times
  Telit, the internet-of-things company shaken last year when its former chief executive was linked to a US fraud indictment, is under investigation by the UK financial watchdog over a significant profit warning last year. The Financial Conduct Authority ...en meer »
  
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• Pound V euro: GBP exchange rate drops as trade war fears ease

  27-03-2018 12:08 via feedproxy.google.com
  THE POUND to euro exchange rate has seen a -0.4 per cent drop today, due to reduced fears of a trade war breaking out.
  
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• Pension FRUSTRATION: Transfer rules REVERSED after savers given WRONG ADVICE

  27-03-2018 11:24 via feedproxy.google.com
  PENSION holders are set to be warned about transferring their savings to a cash lump sum as the UK’s financial regulator wakes up to the “significant proportion” of savers being given bad advice.
  
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• Pound v US dollar: GBP gains erased as trade tensions ease

  27-03-2018 11:23 via feedproxy.google.com
  THE POUND is plummeting against the US dollar this morning, retreating from a near seven-week high as fears of a possible US-China trade war begin to ease. The pound US dollar exchange rate is currently at around $1.415.
  
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• Bitcoin price LIVE: BTC DROPS to $7,000 as Twitter joins Facebook, Google in ad ban

  27-03-2018 10:47 via feedproxy.google.com
  BITCOIN drops near $7,000 as more bad news arrives from the social media world with news that Twitter will join Facebook and Google in banning all ban advertisements for initial coin offerings and token sales on its service.
  
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• Ripple price news: Why is Ripple going down? Why is Ripple falling today?

  27-03-2018 10:46 via feedproxy.google.com
  RIPPLE’S prices has gone down today alongside may of the other major cryptocurrencies including bitcoin as the market remains in the red. But why is Ripple falling today?
  
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• I left Sainsbury’s Energy last year but it keeps inflating my final bill

  27-03-2018 09:01
  Two readings but one less digit has taken what I owe from £32 to £1,841In September 2017 I left Sainsbury’s Energy after 18 months as a customer. During that period, my gas meter was read twice and I was told I was paying the right amount. I was given a closing balance of £32.Fast forward to this February and I was staggered to receive a new final bill from Sainsbury’s for £1,841. I complained and was sent an amended bill for £1,079. The firm claimed tha
  
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• UK Financial Conduct Authority Statement On ESMA's Temporary Product ... - Exchange News Direct

  27-03-2018 08:53
  UK Financial Conduct Authority Statement On ESMA's Temporary Product ...
  Exchange News Direct
  The European Securities and Markets Authority (ESMA) has agreed a range of product intervention measures(link is external) to prohibit the provision of binary options and to restrict the provision of Contracts for Difference (CFDs) in order to protect ...en meer »
  
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• Tax havens are a stain on Britain – the cleanup starts now

  27-03-2018 07:00
  We need answers about crown dependencies and overseas territories that help the wealthy dodge tax owed to society• John Mann is chair of the Treasury subcommitteeThe Guardian’s Panama and Paradise Papers investigations confirmed what had long been rumoured: tax havens, and the rules of financial secrecy that underpin them, have enabled the world’s financial elite to hide their cash away from public scrutiny, to the detriment of us all.Yet we in Britain cannot claim to be innocen
  
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• Stella Creasy to call for crackdown on high-cost credit cards

  27-03-2018 01:01
  Labour MP who championed payday loan fee caps in new push to help tackle problem debtThe Labour MP who championed a crackdown on payday lenders is taking aim at high-cost credit cards, calling for a cap on fees and interest charges to protect vulnerable customers.Stella Creasy, credited with forcing the Treasury to impose a cap on interest rates and fees charged by payday loan companies such as Wonga and the Money Shop, will push in parliament on Tuesday for the introduction of similar rules for
  
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• London property slump most widespread since financial crisis

  27-03-2018 01:01
  House prices falling in almost half of all postcodes in the capital, figures revealHouse prices are falling in almost half of all London postcodes, according to new figures showing the most widespread collapse in property values across the capital since the 2008 financial crisis. The latest signs of distress will stoke concerns that sliding prices are far from confined to the most expensive homes in central London, with the figures showing a ripple effect spreading into the suburbs. Continue rea
  
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• Deutsche Bank at WAR: Crisis hits German banking giant over boardroom row

  27-03-2018 01:01 via feedproxy.google.com
  DEUTSCHE Bank is set to replace chief executive John Cryan after a series of boardroom bust-ups and on the back of anger at the firm's recent performance.
  
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