Financial news

• Post-Brexit passports contract: De La Rue to appeal against decision

  02-04-2018 22:10
  Company to appeal against the government’s decision to award £490m contract to Gemalto The passport manufacturer De La Rue is set to announce it will challenge the government over its decision to manufacture new blue British passports in France.The company will formally launch an appeal against the decision to award the £490m contract to the French-Dutch firm Gemalto on the grounds that it believes it had the best offer on quality and security, though not on price, according to
  
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• US stock market slides as China retaliates to Trump tariffs

  02-04-2018 20:18
  Dow and S&P tumble amid fears of a full-blown trade war as Beijing targets food importsThe opening salvos of a tariff spat between the US and China that some observers fear could escalate into a full-blown trade war sent jitters through Wall Street on Monday.Stock markets fell after Beijing hit back against Donald Trump’s imposition of tariffs on Chinese steel and aluminium with a swath of retaliatory duties on 128 imported American products, including pork and apples. Continue reading
  
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• Spotify poised to be a $25bn company on eve of IPO

  02-04-2018 17:28
  Music streaming service’s NYSE flotation comes amid fierce competition in the sector and high volatility Spotify is poised to press the play button on a stock market float that will test investors’ faith in its future prospects, amid mixed fortunes for fast-growing technology companies.Analysts said the performance of the music streaming service’s shares on its first day of trading on Tuesday would gauge market opinion on whether it can stave off fierce competition for music fa
  
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• Easter shoppers desert UK high streets, spreading retail gloom

  02-04-2018 17:08
  It was billed as the most promising weekend since Christmas, but bad weather dashes hopesThe gloom on Britain’s high streets deepened over the Easter bank holiday weekend as heavy rain in many areas drove people to seek the shelter of shopping centres or simply stay at home.The number of shoppers on UK high streets fell by 9.6% on Good Friday compared with 2017. Saturday was little better, with footfall down 6.9% year-on-year. On Easter Sunday morning, footfall slumped by over 12% in the m
  
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• Robot heads for North Sea oil rigs in 'world first' scheme

  02-04-2018 16:42
  Test to pave way for using autonomous machines for dangerous operations offshore instead of humansAn autonomous robot will be deployed to an offshore oil and gas platform in the North Sea later this year, in a first for the sector.The £4m project’s backers said the move was designed to take humans out of dangerous and dull jobs, and reinvent oil and gas as an industry of the future. Continue reading...
  
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• Retail slump has put 21,000 jobs at risk in 2018 so far

  02-04-2018 16:18
  Brexit-fuelled inflation, soaring business rates and falling consumer confidence takes toll in first quarterMore than 21,000 jobs have been cut or put at risk in the first three months of the year as retail store closures, company restructuring and Carillion’s collapse resulted in a bleak quarter.A Press Association analysis reveals that 21,413 staff have already been made redundant or had their role threatened, the bulk of them at established high-street chains. Continue reading...
  
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• Swansea tidal lagoon project faces job cuts and downsizing

  02-04-2018 14:10
  Government funding delay for £1.3bn scheme may force firm to lay off staff within weeks
  The £1.3bn Swansea tidal lagoon faces a major blow as the company behind the scheme braces for significant job cuts if UK and Welsh government talks on the project fail to yield a breakthrough.Tidal Lagoon Power has waited for 15 months since an independent review backed the scheme as a “no regrets” source of clean and reliable energy. Continue reading...
  
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• How to spring-clean your bank account

  02-04-2018 12:00
  Many of us still have direct debits for things we don’t use, need or want, such as insurance or extended warranties. So now’s the time to check your monthly cash flowIt may be time to spring-clean your bank account. According to a recent survey, on average more than a third of direct debits are for things we don’t use or don’t realise we’re paying for. This costs us an average of £39.98 a month, the research for Sky Mobile found. How can you better marshal you
  
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• FTSE – Worst Quarter Since Financial Crisis - Gooruf | UK News - Gooruf

  02-04-2018 11:30
  Gooruf
  FTSE – Worst Quarter Since Financial Crisis - Gooruf | UK News
  Gooruf
  The first quarter of 2018 has been a busy one, with soaring and falling stocks in equal measure. Unfortunately, for the FTSE, it's proven to be a disappointing few months as investors pull away from the 100. Since the beginning of the year, the UK's ...en meer »
  
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• FTSE – Worst Quarter Since Financial Crisis - Gooruf

  02-04-2018 11:30
  Gooruf
  FTSE – Worst Quarter Since Financial Crisis
  Gooruf
  The first quarter of 2018 has been a busy one, with soaring and falling stocks in equal measure. Unfortunately, for the FTSE, it's proven to be a disappointing few months as investors pull away from the 100. Since the beginning of the year, the UK's ...en meer »
  
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• Millions of UK workers at risk of being cheated out of pay, TUC warns

  02-04-2018 09:15
  Government urged to protect holiday pay and minimum wage for workers in supply chainsFive million workers across Britain’s supply chains risk being cheated out of their entitlement to holiday pay and the minimum wage, unions have warned.The Trades Union Congress (TUC) said on Monday that workers at outsourcing companies, franchises and recruitment agencies are vulnerable because they cannot challenge their parent employer if they do not receive their legal entitlements. Continue reading...
  
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• 'Shocking' disparity in pension income revealed by latest HMRC data

  02-04-2018 09:01
  Pensioners in one central London local authority receive three times as much as those in Stoke
  The average pensioner living within London’s Square Mile enjoys an income that is three times bigger than their counterpart in Stoke-on-Trent, according to a new analysis of government data that reveals “shocking” differences across the UK.
  Recently released HM Revenue & Customs data showed there were about 1,000 older people living within the City of London, which includes the Ba
  
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• Social media ad spend to overtake TV's in spite of Facebook woes

  02-04-2018 09:00
  Cambridge Analytica scandal unlikely to diminish sector’s dominance, says eMarketerMore money will be spent advertising on social media networks than on the entire TV ad market within two years, according to a new report.The report predicts that Mark Zuckerberg will shake off any potential commercial impact from the Cambridge Analytica scandal, hoovering up more than four-fifths (84%, £2.76bn) of the predicted £3.3bn that will be spent on social media networks in the UK this ye
  
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• From sofa to sunbed: holidaymakers can see British pay-TV abroad

  02-04-2018 09:00
  Access to UK services begin for mainland Europe, but BBC still blockedHolidaymakers heading to mainland Europe this summer will be able to watch their favourite shows from back home for the first time, including live Premier League football, thanks to a freeing up of regulations allowing access to UK online TV services.From Monday, broadcasters including Sky, ITV and Amazon are allowing Britons on the continent to access their pay-TV subscriptions via online TV services Now TV, ITV Hub+ and Prim
  
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• Milk & More deliveries turns sour

  02-04-2018 08:00
  We have had endless problems with the delivery business’s new website and can’t get our money backMy wife and I have been customers of the local milkman for nearly 35 years, starting with United Dairies, then Unigate and now Milk & More – the UK doorstep delivery service for milk and selected groceries. But we are close to ending this due to extreme incompetence.We have found it difficult to order goods and change our regular order because its new website keeps crashing. Fo
  
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• I've inherited a house – should I sell it or repair it and rent it out?

  02-04-2018 08:00
  I’m 26 and earn just over £20,000, so a buy-to-let mortgage would be a big undertakingQ I have inherited my grandmother’s house (which an estate agent has valued at £160,000 at the most), while my brother also inherited another small property that she had been renting out before she died. She was blind during the last few years of her life and her friend took over all her financial affairs. Sadly he mismanaged these and a large amount of unpaid tax and other fees were due
  
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• Sex for rent … the rogue landlords who offer a ‘free’ room in return for ‘favours’

  02-04-2018 07:59
  As the housing crisis deepens, words such as ‘intimacy’ and ‘benefits’ are starting to appear in the to-let columnsTo the unaware, the true meaning of some of the phrases used on the ads for tenants could be missed. Rooms for rent are offered in exchange for “benefits” or “keeping me company”. Others are less subtle – “free accommodation in exchange for an erotic arrangement”.Renting rooms for sexual favours is seen as a growing m
  
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• Pay all UK 25-year-olds a £10,000 inheritance, says thinktank

  02-04-2018 01:01 via theguardian.com
  IPPR suggests government could create a citizens’ wealth fund to help address inequalityAll UK-born citizens should be given £10,000 as a “universal minimum inheritance” when they turn 25 to help address growing wealth inequality, a thinktank has proposed.Tax reforms and a selloff of assets including the government’s stake in Royal Bank of Scotland could help create a citizens’ wealth fund worth £186bn by 2029/30, the Institute for Public Policy Research
  
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