Financial news

• Canadian gambling firm buys Sky Betting and Gaming for £2.5bn

  21-04-2018 22:47 via theguardian.com
  Purchase by Stars Group will create world’s largest publicly listed online gaming company
  UK-based firm Sky Betting and Gaming (SBG) is to be sold to a Canadian company for about £2.5bn, it has been announced. The Stars Group Inc – which owns PokerStars, an online card room – said the deal will make it the largest publicly listed online gaming company in the world.SBG is currently in the middle of a multimillion-pound sponsorship deal with the English Football League. Con
  
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• What happens to the global publicity titans if advertising no longer pays?

  21-04-2018 17:00 via theguardian.com
  The departure of Martin Sorrell from WPP is just the latest sign of the crisis surrounding big ad firms and their ageing leadersNot so long ago a bearish Sir Martin Sorrell berated the advertising industry for its unrealistic “Don Draperish optimism” in the face of tough times, in a reference to hit TV series Mad Men and its depiction of the halcyon days and excesses of 1960s adland. Now it is the next generation, of Sorrell and his “math men” – the builders of glob
  
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• Dieselgate leaves UK’s car industry in crisis

  21-04-2018 17:00 via theguardian.com
  Sales have slumped in the scandal’s wake and left manufacturers gasping for a breath of fresh airPlummeting sales of diesel cars have driven Britain’s auto industry to the brink of a crisis, with the axe falling on thousands of manufacturing jobs, and dealerships threatened with savage restructuring.Vauxhall, which was bought by Peugeot’s parent company PSA last year, last week revealed plans to slash UK dealerships from 326 to about 200 as part of the French owner’s driv
  
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• Britain hits the shops as barbecue-friendly weather arrives

  21-04-2018 12:27 via theguardian.com
  Heatwave boosts supermarkets and fashion stores with sales of sandals, sun lotion and ice-cream soaringThe mini-heatwave that has hit much of the country has seen shoppers rushing to buy shorts, sun lotion, ice-cream and barbecue food, providing a shot in the arm for beleaguered retailers.Sales of sun cream jumped almost 400% last week, purchases of burgers and other barbecue-style food were up 270% at Waitrose, and Argos sold twice as many barbecues as normal. Orders of rosé wine, w
  
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• Aviation agencies order engine checks after Southwest blast

  21-04-2018 09:54 via theguardian.com
  US and European regulators order inspections within 20 days after passenger killed by blowout
  US and European airline regulators have ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest Airlines blowout earlier this week, citing risks of a similar mishap.The directives from the US Federal Aviation Administration and the European Aviation Safety Agency indicated rising concerns since a similar failure in 2016 of the same typ
  
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• Where to move for… the best beaches

  21-04-2018 09:00 via theguardian.com
  It all depends what you want to do once you get thereEr, the seaside? The UK has lots of coast for its size (exactly how much is debatable, thanks to the “coastline paradox”), and lots of beaches. The UK Beach Guide lists more than 1,500. But which one? There’s plenty of clickbait advice. TripAdvisor voters plumped for Bournemouth. Rough Guides named Pelistry Bay on the Isles of Scilly. UK Beach Guide voters liked Anglesey’s Traeth Cymyran. Time Out prefers Cornwall&rsquo
  
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• War hero’s battle shows up our ‘inhumane’ frozen pensions policy | Rupert Jones

  21-04-2018 08:00 via theguardian.com
  RAF veteran received a paltry £38.80-a-week state pension – because he moved to AustraliaRAF war hero Harry Penny was shot down over Holland in 1943, successfully evaded capture for 10 weeks, and was awarded a military OBE. But, much later in life, he ended up engaged in a battle with the British government – over his paltry state pension. And he died knowing that he hadn’t succeeded in winning that particular skirmish.Penny served his country with honour, but how did the
  
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• Should we get a two-year fixed-rate mortgage?

  21-04-2018 08:00 via theguardian.com
  Our deal is ending and we’re wondering if we should fix for two or five years in case rates riseEvery 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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• Renting property: how does it compare around the world?

  21-04-2018 08:00 via theguardian.com
  UK millennials face a lifetime of renting, according to a report – here’s how other nations copeIn the former textile quarter of the southern German city of Augsburg, Matthew Robinson, a 35-year-old school teacher, his wife Karoline and their two toddler daughters live in a three-room flat with a balcony that runs almost the entire length. It looks out over former brick factories-turned-flats, a park and a stream, along which Matthew cycles to work. The monthly rent for the 80 sq met
  
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• ‘Amazon, why am I deluged by unwanted parcels?’

  21-04-2018 08:00 via theguardian.com
  Free goodies may seem like Christmas every day, but for one reader they became a problemWhen Tiffany Crow’s doorbell rings, her heart sinks and she immediately wonders: what will it be this time?A box of £25 wireless speakers, more fitness wristbands, or a further batch of projectors? What is certain is she will have to spend more time disposing of the item, as well as all the packaging. Continue reading...
  
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• ‘I’m 23 and want to save for a house, but I won’t be able to afford one in London’

  21-04-2018 07:30 via theguardian.com
  Amy Heuch on how she saved for travelling but now hopes to get on the property ladderI’m recently back from travelling and am living with my parents in Kent. It’s not my first choice. Not that I don’t get on with them – I do, but before I went travelling I lived in London and had moved away to university, so I’ve had my taste of freedom. Compared with some people’s parents, mine are very generous. They don’t make me pay rent. My mum calls me a “boo
  
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• Bitcoin Cash price SKYROCKETS over 50% in a week as crypto expert issues VITAL warning

  21-04-2018 04:01 via feedproxy.google.com
  BITCOIN Cash’s price has skyrocketed over 50 per cent in a week as a cryptocurrency expert issued the virtual money with a market warning that could see its values decline in the future, it has emerged.
  
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• What happened this week is not a shock, it is capitalism as intended | Greg Jericho

  21-04-2018 00:00 via theguardian.com
  One day perhaps this government will not treat voters like fools, but it seems we shall have to wait a bit longer
  Sign up to receive the latest Australian opinion pieces every weekdayIt has not been a good week for the government. I don’t mean that in the standard, “poor optics” sense that often is used when commentators talk about who won or lost the week. Yes that too has been poor. After all this is a government led by a prime minister and treasurer who stridently criticised
  
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