Financial news

• Google owner Alphabet reports 84% rise in profits despite privacy concerns

  23-04-2018 23:07 via theguardian.com
  Quarterly profit of $9.4bn exceeded estimates of $6.56bnNo signs that rising global privacy concerns would affect profitsGoogle owner Alphabet shrugged off mounting concerns over privacy on Monday to report an 84% rise in profits for the last quarter.The results eased concerns that investment in new ventures beyond its core search business was undermining Alphabet’s outlook. There also were no immediate signs that rising global privacy concerns would affect profits. Continue reading...
  
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• Trump's revenge: US crude oil floods European markets in blow to OPEC and Russia

  23-04-2018 21:50 via feedproxy.google.com
  THE United States is flooding the European markets with record amounts crude oil as US producers seize on Russia and the Organisation of the Petroleum Exporting Countries pact to cut output resulting in soaring oil prices.
  
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• TSB online banking failure prompts complaints

  23-04-2018 20:43 via theguardian.com
  Switch of 1.3bn customer records falls into turmoil as millions are locked out of their accountsOne of the biggest transfers of banking data ever attempted in the UK, involving the switch of 1.3bn TSB customer records, fell into turmoil as millions of customers were locked out of their accounts.Some customers alleged that the IT “upgrade” had left them with rogue credits and debits on their accounts, while others complained they had been given access to random accounts. Continue read
  
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• Capita deserves place on most self-deluded outsourcer podium | Nils Pratley

  23-04-2018 20:14 via theguardian.com
  Half a billion quid to become competitive again suggests recovery will be hard, slow workCarillion will for ever hold the title of most self-deluded outsourcer but Capita, on the account provided by the new chief executive, Jonathan Lewis, deserves a place on the podium. Two years ago, the share price was £10, the dividend was lifted 9% and the group boasted that its profit margins were about to get fatter. Capita, in short, was presenting itself as an oasis of calm in a sector already und
  
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• TSB apologises over online problems as customers complain of 'data breach'

  23-04-2018 18:08 via feedproxy.google.com
  TSB has apologised to customers after they complained of problems with mobile and online accounts several hours after a system upgrade was supposed to have been completed.
  
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• Canada issues WARNING to China: Back up your words or face TRADE WAR with Trump

  23-04-2018 18:08 via feedproxy.google.com
  CHINA’S PRESIDENT Xi Jinping must back up his claims with actions in order to avoid a trade war between itself and the US, Canada’s ambassador to China has claimed.
  
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• Pension SCAM: Government ‘doing nothing’ as 'vultures' target the elderly

  23-04-2018 17:50 via feedproxy.google.com
  PENSIONERS are exposed to “vultures” and “cold-callers” after the Government’s promise to ban the practice falls short of offering the necessary protections and, “is not a ban at all”, according to campaigners.
  
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• BITCOIN BAN: Iran stops banks dealing with cryptocurrencies

  23-04-2018 17:45 via feedproxy.google.com
  IRAN has placed a ban on cryptocurrencies due to money laundering concerns, following in the footsteps of India in putting an end to trading.
  
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• Pay for your shopping with your FINGER: British firm teams up with Danish debit card group

  23-04-2018 16:25 via feedproxy.google.com
  BRITISH financial technology group Sthaler has teamed up with Danish debit card group Dankort to create a payment system that allows people to pay for their shopping using their fingers.
  
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• Some call it outsourcing. I call it spivvery | Aditya Chakrabortty

  23-04-2018 15:44 via theguardian.com
  All over the country, rows over the likes of Capita threaten to be the Tories achilles heel at the local electionsThe crisis at Capita will today be treated like a business story – albeit a huge one, with a big company shooting up distress flares and launching an urgent £700m whip-round. But this story is far larger than that. It holds up a mirror to how the British state is now locked in a sick codependency with outsourcing companies whose very business model drives them both into f
  
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• Number of zero-hours contracts in UK rose by 100,000 in 2017 – ONS

  23-04-2018 15:37 via theguardian.com
  Employment contracts without a minimum number of guaranteed hours increased to 1.8mThe number of zero-hours contracts in use across the UK rose by about 100,000 last year, according to official figures.The Office for National Statistics, said the number of employment contracts without a minimum number of guaranteed hours increased to 1.8m in the year to November, up from 1.7m in 2016.Continue reading...
  
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• BITCOIN PRICE: BTC to SOAR as regulators U-turn on cryptocurrencies

  23-04-2018 14:54 via feedproxy.google.com
  BITCOIN endured a miserable winter, but with the arrival of spring industry experts predict that British and European regulators will send the price soaring following a “huge policy U-turn on cryptocurrencies.”
  
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• Couple's WEDDING DAY plan goes down the pan

  23-04-2018 13:15 via feedproxy.google.com
  BRIDE AND groom Samantha and Lyle Galley splashed out thousands of pounds so that they could hold their wedding in a picturesque Tudor country mansion but mishaps marred their big day.
  
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• My friend and I are buying a house – but I'm paying the whole deposit

  23-04-2018 13:02 via theguardian.com
  I need advice on setting up a deed of trust so I get the £51,000 I’ve paid in back when we sell Q My friend and I are buying a house together. It’s very exciting but also very confusing to know how everything works.We are going to have a declaration of trust drawn up which needs to take account of the fact that I am contributing the whole of the deposit of £51,000 which is 15% of the £340,000 value. We are splitting all legal fees, stamp duty, home improvements and
  
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• Trade WAR: German leaders to BEG Trump for trade deal to end crippling sanctions

  23-04-2018 12:34 via feedproxy.google.com
  GERMAN industry leaders have called for the EU to launch yet another attempt to land a free trade agreement with the US as President Trump’s sanctions threaten to cripple the bloc’s stuttering economic recovery.
  
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• Bitcoin price: Cryptocurrency expert reveals THIS reason why bitcoin could soon RALLY

  23-04-2018 11:37 via feedproxy.google.com
  BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.
  
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• Pound V euro: Bullish Bank of England forecast propels GBP exchange rates

  23-04-2018 11:01 via feedproxy.google.com
  THE pound hit the ground running this week, bolstered by a bullish Bank of England bet from a notable forecasting body. According to the EY Item Club, the BoE could be set to raise interest rates twice this year and twice in 2019.
  
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• Scottish Power’s new meter wasn’t a smart move

  23-04-2018 08:00 via theguardian.com
  We have no signal and so I knew it wouldn’t work ... but it went ahead anywayLast February our electricity provider, Scottish Power, asked to install a smart meter. I immediately told it we have no trace of a mobile signal here, and, as result, it would not work. But it insisted, and in February someone called to install one. After a few seconds he concluded that it wouldn’t work, and left without undertaking the work. Since that day, Scottish Power has insisted the meter was changed
  
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• Exposed: the laws that allow rogue traders to duck their debts

  23-04-2018 08:00 via theguardian.com
  Unscrupulous builders can close an insolvent firm, then start afresh under a new name, leaving homeowners who have paid deposits thousands of pounds out of pocket – and with unfinished workPensioner James Bidwell* decided to invest his savings in a conservatory and bifold doors at his home in Sevenoaks, Kent. Sussex Double Glazing submitted a tempting estimate via a job quote website and its director, Luke Tester, visited Bidwell’s house to assess the job in February 2017.The quote w
  
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