Financial news

• Royal wedding could give £80m lift to Britain's economy

  04-05-2018 23:54 via theguardian.com
  Pubs, retailers and landlords hopeful of bumper weekend to celebrate Harry and Meghan Markle’s weddingThe royal wedding could provide a shot in the arm of more than £80m for the country’s slowing economy as retailers, pubs and hoteliers look to cash in on Harry and Meghan’s looming nuptials.The tourist authority VisitBritain said about 50,000 Americans were expected to be among the crowds lining the roads in Windsor and soaking up the atmosphere in the capital when Prince
  
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• Pension warning: People with the smallest pots will run out of cash after a DECADE

  04-05-2018 22:03 via feedproxy.google.com
  PEOPLE with the smallest pension pots are likely to run out of money within a decade of retirement, warned a former pensions minister today. They are underestimating the length of time they will live and are plundering their savings without advice leaving themselves at risk of poverty in old age.
  
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• Ethereum price news: Has Ethereum gone up? What is the price of Ether today?

  04-05-2018 20:06 via feedproxy.google.com
  ETHEREUM prices continue to soar as Ether surges up towards $1,000 a coin. The cryptocurrency market is currently rising back up to late 2017 prices, but can the bull run continue? Has Ethereum gone up?
  
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• Michael Gove leading plan to ban sale of new hybrid cars by 2040

  04-05-2018 19:35 via theguardian.com
  Environment secretary favours the move but it is hotly contested within government Michael Gove is spearheading plans to halt the sale of new hybrid cars by 2040 to help tackle UK air pollution, Whitehall sources have said.Ministers have been battling privately over whether or not to ban hybrids to strengthen the government’s policy of banning new diesel vehicles in 22 years time. Continue reading...
  
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• Argentina pushes interest rates to 40% to defend the peso

  04-05-2018 17:53 via theguardian.com
  Foreign investors switch from emerging currencies to the dollar as inflation runs at 25%Argentina’s central bank raised the country’s interest rates to 40% on Friday, the third hefty increase in eight days in a continuing attempt to defend the slumping peso and put a lid on soaraway inflation.On Thursday the bank lifted borrowing costs from 30.25% to 33.25%, having already raised them from 27.25% on 27 April. Continue reading...
  
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• TGI Fridays staff to hold UK’s first strike over tips

  04-05-2018 17:34 via theguardian.com
  Waiters say new policy could cost them up to £250 a month in lost earningsWorkers at TGI Fridays are to stage the UK’s first strike over tips after ballots at two branches of the restaurant chain backed industrial action.Outlets in Milton Keynes and Covent Garden face walkouts on 18 May in protest against a new policy that hands 40% of service charge payments paid on credit and debit cards to back-of-house employees, including kitchen staff.Continue reading...
  
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• Balearic Islands bank on their sun to kickstart power drive | Adam Vaughan

  04-05-2018 17:16 via theguardian.com
  Local government wants to convert totally to renewables by 2050 but plan will not be easyAs thousands of holidaymakers fly into Menorca this summer, a glance out the window will illustrate the past and future of the island’s energy system.
  In the picturesque harbour of the capital, Mahón, where cruise ships dock alongside a marina full of luxury yachts, sits a pollution-belching, oil-fired power station inaugurated by Gen Franco more than half a century ago. Continue reading...
  
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• Bitcoin price news: How much is BTC worth? Why is bitcoin rising today?

  04-05-2018 17:12 via feedproxy.google.com
  BITCOIN prices are soaring today, inching closer to a 2018 high of $10,000 a coin. An influx of developers working on the digital token’s open-source code has helped push BTC back up to where it was towards the end of 2017, but how much is bitcoin worth?
  
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• Sainsbury’s - Asda merge to fend off Germany’s £26bn supermarket superpower

  04-05-2018 17:04 via feedproxy.google.com
  GERMAN supermarket giants Aldi and Lidl look set to continue their rapid expansion as the UK's middle class warms to their products and offers. Experts predict discount stores will dominate 25 percent of the market within 10 years despite the merger of Sainsbury's and Asda.
  
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• We had to show Uber the door. In Brighton passenger safety comes first | Jackie O’Quinn

  04-05-2018 17:03 via theguardian.com
  In 2015 the licensing committee I chair welcomed Uber to the city. Now its commitment to our rules is in tattersBrighton is a dynamic and forward-looking city with a strong digital business sector. That’s why the city council’s licensing panel granted Uber a taxi licence in November 2015. On the panel we wanted to be able to give young people and tourists the opportunity to use the Uber app, and expand consumer choice in terms of taxis in the city. Related: Brighton and Hove council
  
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• ‘I had to guard an empty room’: the rise of the pointless job

  04-05-2018 17:00 via theguardian.com
  Copying and pasting emails. Inventing meaningless tasks for others. Just looking busy. Why do so many people feel their work is completely unnecessary?One day, the wall shelves in my office collapsed. This left books scattered all over the floor and a jagged, half-dislocated metal frame that once held the shelves in place dangling over my desk. I’m a professor of anthropology at a university. A carpenter appeared an hour later to inspect the damage, and announced gravely that, as there wer
  
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• Bitcoin price LIVE: 'Symbolic' Goldman Sachs puts crypto into 'mainstream circles'

  04-05-2018 16:20 via feedproxy.google.com
  BITCOIN rose overnight following news yesterday that one of the world's most infamous investment banks has taken on the Bitcoin challenge.
  
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• HQ Trivia: the gameshow app that's an online smash

  04-05-2018 15:21 via theguardian.com
  Up to 2m people play the general knowledge quiz each day – and celebs are lining up to host itImagine the intellectual and social pressure of a pub quiz, then multiply it by more than 2 million people. Every day, at 3pm and 9pm sharp, an army of teenagers, students, pensioners and office workers stop what they are doing, whip out their smartphones and fire up an app to take part in a new online craze called HQ Trivia, the pub quiz brought kicking and screaming into the smartphone era. Cont
  
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• Jacques Vert and Windsmoor owner in administration putting 1,000 jobs at risk

  04-05-2018 15:11 via theguardian.com
  Calvetron Brands also owns clothing labels Précis, Dash and Eastex which are sold in Debenhams and House of FraserThe future of nearly 1,000 high street jobs is in doubt after the fashion group that owns Jacques Vert and Windsmoor appointed administrators.
  Duff & Phelps, the restructuring firm, confirmed that Calvetron Brands had collapsed into administration and that it had begun the search for a buyer for the troubled business, whose other clothing brands include Précis, Dash
  
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• BT expected to cut 6,000 jobs

  04-05-2018 15:09 via theguardian.com
  Axe likely to fall on management and back-office staff as telecoms giant looks to boost share priceBT is set to announce about 6,000 job cuts worldwide as it looks to rebuild investor confidence after a torrid 18 months blighted by the Italian accounting scandal and patchy financial performance.The telecoms company is expected to announce the cuts, which amount to about 6% of its 98,000 global workforce, as part of a corporate strategy to be unveiled by its chief executive, Gavin Patterson, at B
  
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• US-China talks end in increased tension and demand for $200bn trade deficit cut

  04-05-2018 14:56 via theguardian.com
  Talks in Beijing between Steven Mnuchin and Liu He end in ‘significant disagreements over certain issues’Tensions between the US and China increased on Friday as it emerged US officials had handed Beijing a list of demands including a $200bn cut in its trade deficit and an end to state subsidies on strategic industries.The two days of talks in Beijing between Steven Mnuchin, the US treasury secretary, and Liu He, the vice-premier, ended on Friday after weeks of escalating rhetoric be
  
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• Venezuela banned from hiding economic CRISIS data - IMF steps in

  04-05-2018 14:04 via feedproxy.google.com
  THE IMF is set to come down hard on Venezuela after the oil-rich socialist state failed to provide the monetary fund with important economic data.
  
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• Homes for sale in market towns – in pictures

  04-05-2018 14:00 via theguardian.com
  You’re never far from a bargain in these properties, from Devon to Derbyshire Continue reading...
  
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• Trade WAR: EU 'not innocent' after Merkel and Macron’s ‘mismanaged’ meetings with Trump

  04-05-2018 13:41 via feedproxy.google.com
  THE European Union’s slow slide towards a trade war could put European “prosperity” in danger according to the Institute for Economic Research .
  
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• Ex-BHS owner unable to afford lawyers in pension conviction appeal

  04-05-2018 13:41 via theguardian.com
  Dominic Chappell has no money to instruct solicitors to repair ‘tarnished reputation’, crown court toldThe former owner of collapsed high street giant BHS, Dominic Chappell, has launched a bid to clear his name after being convicted of breaching pensions laws.Chappell, 51, is appealing against a conviction for failing to provide the pensions watchdog with vital documents. Continue reading...
  
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• Pound v US dollar: GBP exchange rate forecast to fall today

  04-05-2018 11:49 via feedproxy.google.com
  THE pound is fluctuating in a tight range against the US dollar today, with uncertainty about an upcoming Bank of England meeting preventing Sterling gains. This has made £1 worth around $1.355.
  
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• Surprise UK rise in new car sales but diesel continues to plunge

  04-05-2018 11:47 via theguardian.com
  Motor industry takes cheer despite latest 25% monthly fall in diesel vehicle salesNew car sales in the UK increased for the first time in a year in April, but demand for diesel models continues to be in freefall.The sale of 168,000 cars across the month, a 10% rise on March, was helped in part by the cold weather in the previous reporting period pushing deliveries into April, and by Easter giving dealers two extra days to sell, the industry said. Continue reading...
  
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• Pound V euro: GBP claws back losses as Eurozone business growth comes up short

  04-05-2018 11:30 via feedproxy.google.com
  THE pound climbed against the euro on Friday morning. The exchange rate capitalised on below-forecast business growth in the Eurozone during April and dovish expectations for the European Central Bank in the months ahead.
  
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• UK buyers need more help to find cheaper mortgage deals, says FCA

  04-05-2018 10:44 via theguardian.com
  City regulator suggests making it easier to shop around could save 1 in 3 borrowers £550 a yearPlans to make it easier for mortgage borrowers to shop around have been proposed by the City regulator, after it found nearly one in three people fail to find the cheapest deal.The Financial Conduct Authority (FCA) said these people could have saved £550 per year with a lower-priced deal. It is also exploring ways to help “mortgage prisoners” – longstanding customers who a
  
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• Viagogo charged me about 50% in fees on top of my ticket cost

  04-05-2018 08:00 via theguardian.com
  We didn’t know what about the extra charges until we got to the checkout page onlineI bought two tickets from Viagogo displayed at €32 each.After our payment had been processed, a pop-up informed us we had been charged a €16 booking fee, a handling fee and VAT on top of the displayed price.Continue reading...
  
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• Hermes 'trained managers to mislead tax inspectors'

  04-05-2018 08:00 via theguardian.com
  HMRC is considering the claims made by a whistleblower to Frank Field MPHM Revenue and Customs is considering allegations the parcel delivery company Hermes “coerced” managers into misleading an official investigation into whether the company has paid some of its self-employed couriers below the “national living wage”.The tax authority ensures employers pay at least the minimum and launched an investigation into Hermes in 2016 after the Guardian revealed some couriers wer
  
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• ‘My £1,000 Macbook Air was stolen at airport security and no one cares’

  04-05-2018 07:00 via theguardian.com
  One traveller found that some airports can identify thieves – but do nothing to chase them or return your goodsAs travellers sling their wallets, purses, laptops, smartphones, keys and other valuables into the grey plastic tray heading into an airport security scanner, many have a slight frisson of fear. What if you’re held up and then find on the other side that someone has raided your tray?That’s what happened to student Fernanda Ardiles at London City airport – and to
  
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• Ethereum price SKYROCKET: Good news for crypto investors as ETH SOARS by 83.96 per cent

  04-05-2018 03:18 via feedproxy.google.com
  ETHEREUM prices have skyrocketed this month marking a rise of 83.96 per cent that will surely be good news for investors in the cryptocurrency following a tumultuous trading period.
  
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