Financial news

• Bank ready to act if UK faces disorderly Brexit, Mark Carney says

  24-05-2018 21:10 via theguardian.com
  Bank of England governor prepared to respond in ‘whatever form it takes’Mark Carney has signalled the Bank of England would be prepared to cut interest rates – or freeze plans to increase them – in order to support jobs and economic growth should Britain be plunged into a disorderly Brexit. Outlining the options available to Threadneedle Street as the UK moves closer towards leaving the European Union from next year, the bank’s governor said the institution was read
  
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• Is BT remuneration committee measuring the right things? | Nils Pratley

  24-05-2018 20:36 via theguardian.com
  For all the talk of triumph in the boardroom, the share price has more than halved in two yearsShareholders in BT may be under the impression their company had a lousy time last year. Investors did. BT’s share price fell by a third in a rising stock market and sits at its lowest level since 2012. The dividend was merely held, making a nonsense of the chief executive Gavin Patterson’s confidence a couple of years ago that double-digit increases were in prospect. Staff, too, may be les
  
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• New TSB gaffe: bank claims some former customers have died

  24-05-2018 20:17 via theguardian.com
  Customers who left bank after IT meltdown say direct debits were cancelled after TSB told companies they were deadTSB has apologised for another glitch after some former customers found their direct debits had been cancelled because firms were apparently told they had died.The consumer help website MoneySavingExpert.com said it had heard from several former TSB customers who had left the bank after its IT meltdown, which left up to 1.9 million online customers unable to access their accounts. Co
  
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• Bitcoin price drop news: Why is bitcoin going down? BTC falling today

  24-05-2018 19:50 via feedproxy.google.com
  BITCOIN prices tumbled today as the US Justice Department opens a criminal probe on price manipulation. The cryptocurrency could plummet below $7,000 as pressure to introduce regulation builds. Why is bitcoin going down?
  
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• Northern rail blocking Twitter complainers 'adds insult to injury'

  24-05-2018 18:21 via theguardian.com
  Companies ‘should bend over backwards to help passengers’ amid rail chaos, says Which?A consumer watchdog has accused rail companies of “adding insult to injury” by blocking people on social media when they complain.Which? said Northern rail – which cancelled hundreds of trains this week during the bungled launch of its new timetable – had been blocking passengers after they complained about the service on Twitter. Continue reading...
  
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• How the UK's first movie scripted in sign language is shaking up the film world

  24-05-2018 17:55 via theguardian.com
  Creative England publishes its top 50 names of people and companies who are transforming the movie, television, technology and gaming industries – including two film-makers who have championed diversityThe maker of the country’s first movie to feature a deaf cast, and a perfectly timed computer game that foresaw the public debate over data privacy are among this year’s top 50 individuals and firms revolutionising the creative industries.The groundbreaking movie features actors
  
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• Sainsbury's to cut pay by £400 a year on average for 9,000 staff

  24-05-2018 16:52 via theguardian.com
  Unite union seeks legal advice over plan to remove bonuses, paid breaks and premium paySainsbury’s could face legal action from the union Unite after the supermarket said it was pressing ahead with a plan to cut paid breaks, annual bonuses and premium pay for Sundays, leaving thousands of workers out of pocket.After weeks of consultation with staff and pressure from unions and MPs, the supermarket on Thursday pledged extra pay for online delivery drivers, those on night shifts and those in
  
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• SEEDCELL seeks investment in its green packaging scheme for grow-your-own veg GARDENERS

  24-05-2018 16:30 via feedproxy.google.com
  GROW-YOUR-OWN veg pioneer Green Digit, whose SeedCell pods for budding and space-strapped gardeners made their Chelsea debut this year, is looking for £500,000 to expand overseas.The company offers an easy-grow, all-year system for window sills, desk tops and patios where snap-open shell casings made of recycled cardboard pulp and natural glue house individual varieties and a mini garden selection .
  
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• EU CRISIS: Italy to lose position as an ‘advanced’ economy, says top business leader

  24-05-2018 16:26 via feedproxy.google.com
  ITALY’S decision to cut economic ties with the European Union could undermine the nation’s “privileged position in the club of advanced economies” according to the country’s largest business lobby group.
  
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• Think London’s trains are bad? Look at the great northern train fail | Phil McDuff

  24-05-2018 15:16 via theguardian.com
  ‘Meltdown Monday’ saw Northern cancel more than 300 services, reflecting the absolute dire level of investmentOn Monday, the unimaginatively but accurately named Northern Fail app listed 327 routes run by Northern railway that had either been fully or partially cancelled. This seems like a lot but, unless you live in the north, you probably wouldn’t have been aware of it. Unlike the trials and tribulations of Southern or, more recently, Thameslink, northern infrastructure probl
  
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• Modernise and speed up vow by M&S chief

  24-05-2018 15:15 via feedproxy.google.com
  MARKS & Spencer is speeding up plans to modernise after changing shopping habits and increased competition hit food and fashion sales. Chief executive Steve Rowe said the need for faster radical change had been highlighted by annual results showing a 62.1 per cent drop in annual pre-tax profit to £66.8million
  
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• Louis Vuitton owner LVMH invests in fashion search site Lyst

  24-05-2018 14:00 via theguardian.com
  Luxury brands look to expand their presence online and attract younger shoppersLouis Vuitton owner LVMH has invested in online fashion search business Lyst as the world’s biggest luxury brands look to expand their presence online and capture younger shoppers. London-based Lyst did not disclose how much it had raised in its latest financing round which was led by LVMH and included other investors. Continue reading...
  
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• Nottingham has lowest household disposable income in UK

  24-05-2018 13:36 via theguardian.com
  Take-home pay is one-fifth of the disposable income enjoyed by people in west LondonNottingham is the city with the lowest incomes in the UK, where residents’ take-home pay is only one-fifth of the disposable income enjoyed by people in west London.The average household income, once taxes and benefits are taken into account, is only £12,232 in Nottingham, compared to £58,816 in Kensington and Chelsea, and Hammersmith and Fulham in west London.Continue reading...
  
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• Europcar claims I scratched my hire car, but where’s the evidence?

  24-05-2018 11:13 via theguardian.com
  It has charged me more than £500 for repairs but can’t even tell me how big the scratch wasLast year I hired a car from Europcar at Exeter airport. The office was not staffed when I returned it, so I put the keys in the letterbox as instructed.Two weeks later I go a letter saying that a scratch, between 75mm and 150mm long, had been found on one of the doors and the cost of repairs – £524.48 plus £40 admin – would be debited from my card.Continue reading...
  
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• I'm nervous about buying a house – should I go ahead?

  24-05-2018 08:00 via theguardian.com
  I’m under pressure and facing quite severe depression, and I’m wondering whether to pull out Q I’m currently in the process of buying a property, having to move out of the rented property where I have spent the last few years because my mother was the legal tenant and she has now gone into care since I am no longer able to cope with caring for her dementia. Throughout the process, I have felt pushed for time, friends pressured me into putting in an offer, and I have kept going
  
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