Financial news

• New tax year starts TOMORROW: How will the new rules affect YOU

  05-04-2018 21:51 via feedproxy.google.com
  THE new tax year will bring about changes for millions of people as some will benefit from the changes. But as the new tax year starts tomorrow, how will you be affected?
  
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• India BANS cryptocurrencies: RBI clamps down on businesses using bitcoin

  05-04-2018 21:07 via feedproxy.google.com
  INDIA has banned cryptocurrencies in a major crackdown on bitcoin and digital tokens as the Reserve Bank of India announces new regulations.
  
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• Poor choices, bad sums: Conviviality’s recipe for disaster

  05-04-2018 20:45
  Rapid acquisitions helped the Bargain Booze owner grow revenues, but left it vulnerableIt took less than four weeks for a firm worth more than half a billion pounds to fall apart. On 8 March, Conviviality – not a household name, but a big firm with more than 4,000 staff – had a stock market value of more than £550m. Fast-forward less than a month and its finances have fallen apart, its bankers have balked at rescue plans and shares then worth 300p are now worth nothing. It will
  
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• Facebook board has to look past Mark Zuckerberg for reform | Nils Pratley

  05-04-2018 20:33
  World’s eighth largest firm needs governance structure to provide better oversight than its founder The most revealing answer given by Mark Zuckerberg on Wednesday was his shortest. Asked if Facebook’s board had discussed whether he should step down as chairman, a move that would still leave him as chief executive, he replied: “Not that I’m aware of.”It’s probably safe to assume Zuckerberg would have known about any such discussions among his fellow directors,
  
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• Bitcoin price: Expert gives THIS reason why regulation is GREAT for cryptocurrencies

  05-04-2018 20:01 via feedproxy.google.com
  BITCOIN price plunged in March as legislators threatened tighter regulation on cryptocurrencies. But crypto expert Galia Benartzi said regulation is “great” for the digital currencies because it creates certainty for investors.
  
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• Tax return 2018: When is the deadline for filing US income tax returns?

  05-04-2018 19:43 via feedproxy.google.com
  THE deadline for tax returns is round the corner in the US, as taxpayers have less than a couple of weeks to file their taxes. Here is everything you need to know about tax returns.
  
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• US stock market crash: Rising dollar is BIGGEST threat to world economy, warns expert

  05-04-2018 18:42 via feedproxy.google.com
  THE standoff between China and the United States has dwindled the appeal of the dollar, which finance expert Paul Gambles warned could be the “biggest threat” to the global economy as US stock markets crashed.
  
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• Venezuela currency crisis: Bolivar is WEAKER than previously thought as value PLUMMETS

  05-04-2018 18:26 via feedproxy.google.com
  VENEZUELA’S currency is weaker than previously believed with the bolivar plummeting in value as rate trackers suggest the currency is up to 30 per cent weaker than other markers.
  
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• Markets rally as White House plays down trade war fears — business live

  05-04-2018 17:51
  All the day’s economic and financial news, as markets rally on hopes that trade dispute between US and China can be solvedKudlow: Don’t worry about China tariffsUS trade deficit widened in FebruaryEarlier:UK service sector growth hits 20-month lowUK car registrations drop againMarkets rallying, but volatility still looms4.51pm BST Boom! European market stock have roared back today, as traders wager that trade war fears have been overblown.In London the FTSE gained over 2%, boosting i
  
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• World stock markets on BRINK: 'Epic' bubble about to BURST, experts warn

  05-04-2018 17:33 via feedproxy.google.com
  WORLD stock markets could plummet this year because valuations are likely to hit disproportionate levels, taking them to “epic bubble levels”, experts have warned.
  
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• Echo Falls winemaker sold to private equity firm with eye on China

  05-04-2018 16:59
  Carlyle Group uncorks A$1bn deal for Accolade as Chinese thirst for wine increasesThe US private equity firm Carlyle Group has agreed to buy the Australian wine producer behind the Hardys and Echo Falls labels for A$1bn (£547m) as it hopes to capitalise on China’s growing thirst for wine.Accolade is the biggest wine company by volume in both Australia and the UK, and the company’s brands also include Banrock Station and Kumala.Continue reading...
  
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• UK data protection chief welcomes Facebook privacy changes

  05-04-2018 16:20
  Elizabeth Denham welcomes changes but says it is too early to say whether they are sufficient under the law The information commissioner, Elizabeth Denham, has welcomed changes made by Facebook in an attempt to boost user privacy, but warned that it was too early to say whether they were sufficient under the law.Denham spoke following admissions from Facebook that more than 1 million British users may have had their data improperly shared with election consultancy Cambridge Analytica – and
  
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• Jersey royal potatoes delayed by 'beast from the east'

  05-04-2018 14:28
  Severe winter weather postpones season by at least three weeks and yield could be 20% lowerThe jersey royal season is at least three weeks late after the “beast from the east” delayed the planting of the spring crop.The potato’s short season, usually from April to mid-July, has been affected by hard frosts and almost double the 30-year average of rainfall in December and January, which growers say left the ground saturated and “undesirable for planting”. Continue re
  
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• Severe cold snap hits UK service sector

  05-04-2018 13:17
  Weather partly blamed for weakest month since the Brexit voteThe UK services sector has had its weakest month since the Brexit vote, after arctic weather brought businesses to a standstill.The latest snapshot of the economy from IHS Markit and the Chartered Institute for Purchasing and Supply found that services – which account for almost 80% of national output – registered virtually no growth in March. Continue reading...
  
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• HSBC whistleblower Hervé Falciani facing extradition to Switzerland

  05-04-2018 13:08
  IT specialist who exposed wrongdoing at HSBC’s Swiss private bank is arrested in Spain, where he has lived since 2013Hervé Falciani, the whistleblower who exposed wrongdoing at HSBC’s Swiss private bank, is facing extradition from Spain to Switzerland after he was arrested in Madrid this week. Related: HSBC whistleblower given five years’ jail over biggest leak in banking historyContinue reading...
  
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• Sales of new cars in UK slumped in March

  05-04-2018 11:20
  Economic uncertainty and falling demand for diesel extend run of sliding sales to 12 monthsSales of new cars in the UK plunged in March as economic uncertainty weighed on demand and consumers turned their backs on diesel, extending the run of falling sales to 12 months.A total of 474,069 new cars were driven off the forecourts of car showrooms last month, down 15.7% compared with March 2017 and the sharpest monthly fall since April last year.Continue reading...
  
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• UK mobile operators pay close to £1.4bn for 5G spectrum

  05-04-2018 11:11
  Ofcom auction beats expectations as EE, Vodafone, O2 and Three splash out to secure bandwidth for superfast mobile broadbandThe UK’s biggest mobile operators have smashed expectations by spending almost £1.4bn in the race to secure spectrum to launch next-generation 5G services.BT-owned EE, Vodafone, O2 and Three have paid close to double what many City analysts had expected Ofcom’s auction to raise, as the mobile operators seek to open up a world of internet-connected world of
  
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• Credit reference agencies: it really pays to know the score

  05-04-2018 08:00
  Firms such as Experian and Equifax each work in a different way so you could rate as ‘poor’ or ‘excellent’I own two flats and want to take out a buy-to-let mortgage on both. I have been refused by lenders because, while my credit score with Experian is an excellent 999, Equifax’s score is consistently poor. SB, Lutterworth, Leicestershire Continue reading...
  
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• Which? names 250 fridges and freezers that pose fire risk

  05-04-2018 07:01
  Consumer group tells retailers to stop selling models using ‘unsafe’ plastic backing material
  The consumer body Which? has described 250 of the most popular fridges and freezers on sale in the UK as “potentially unsafe”, adding that they could be putting lives at risk. Continue reading...
  
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• National lottery profits surge as good causes garner less – MPs report

  05-04-2018 01:01
  Gambling watchdog should push Camelot to ensure fair share goes to charities, committee saysThe government’s Gambling Commission should pressure Camelot to change the way it runs the national lottery to ensure more money goes to good causes amid rising profits for the company, a cross-party committee of MPs has said.The current lottery licence, which runs until 2023, is overly long and too inflexible, the public accounts committee (PAC) said in a report, making it hard to respond to consum
  
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• China fuels trade war fears with new tariffs on US goods - as it happened

  05-04-2018 00:33
  Financial markets are worried after Beijing announces 25% tariffs on a range of American imports, fuelling fears of a full-blown trade warLatest: Kudlow tells markets not to panicWall Street slides in early tradingSummary: America and China move closer to a trade warTrump: We’ve already lost the trade warChina: Tariffs on US soybeans, aircraft, cars.....Move comes after US announced new tariffs on $50bn of China goods9.52pm BST Here’s Reuters’s report on Wall Street’s sur
  
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