Financial news

• Getting back on track: A five minute guide to… buying affordable train tickets

  27-05-2018 23:14 via feedproxy.google.com
  BOOKING tickets to travel on the UK's congested rail network is not just expensive, it is also horribly complicated. With more than 55 million different fare options to choose from, travellers can be forgiven for going off the rails.
  
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• Avoid a bank holiday of building disasters

  27-05-2018 22:57 via feedproxy.google.com
  THIS IS the biggest DIY weekend of the year, with more than 12 million Britons planning work over the bank holiday. Gardening and painting and decorating are top of our list, with others trying their hand at installing kitchen units, tiling the bathroom or even carpentry.
  
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• Debenhams offers financial services

  27-05-2018 22:55 via feedproxy.google.com
  DEBENHAMS will look at offering its customers savings products and loans, as part of its plans to grow its financial services business and reduce its reliance on retail.
  
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• Manufacturing growth slumps

  27-05-2018 22:39 via feedproxy.google.com
  MANUFACTURING growth is set to fall to an 18-month low according to a key economic indicator, due out on Friday. Economists believe that the IHS Markit/CIPS PMI manufacturing index score for May will come in at 53.6, down slightly from 53.9 in April.
  
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• Royal Wedding bliss for some

  27-05-2018 21:45 via feedproxy.google.com
  THE ROYAL Wedding of Prince Harry and Meghan Markle hurt takings at restaurants, cafés and retailers, according to data from payment processing group SumUp.
  
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• Landlords to fight use of CVAs by retailers seeking rent cuts

  27-05-2018 17:42 via theguardian.com
  House of Fraser, Mothercare and Carluccio’s among struggling retailers seeking rent cuts to avoid collapseHigh street landlords are gearing up for war with retailers, whom they accuse of railroading them into agreeing to rent cuts via increasingly controversial company voluntary arrangements (CVAs).Struggling businesses including the department store chain House of Fraser, the children’s retailer Mothercare and the Carluccio’s Italian restaurant chain are all seeking CVAs, wher
  
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• The Rochdale feelgood index: can you judge a town's wellbeing from tweets?

  27-05-2018 13:57 via theguardian.com
  A boomtown of the Industrial Revolution, it now uses machine learning to gauge the residents’ emotional stateWhen Rochdale is in the news it tends to be for the wrong reasons, such as associations with child sex exploitation and urban decay. Yet, in its heyday, Rochdale was one of the most prosperous places on earth. The town hall – a magnificent example of Victorian gothic – exudes civic pride. But it was built a long time ago, when Britain was the workshop of the world, cotto
  
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• FCA urged to extend cap on payday loan fees to other forms of credit

  27-05-2018 13:40 via theguardian.com
  Debt charities and MPs want action when City watchdog’s 18-month review is publishedThe City watchdog is facing mounting pressure to extend its cap on payday lending fees and interest to a broader range of high-cost financial products before a major review of lending practices this week. Debt charities and politicians are urging the Financial Conduct Authority (FCA) to take decisive action on Thursday when it publishes the findings of an 18-month review into bank overdrafts, doorstep loans
  
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• Technology is driving us to distraction | James Williams

  27-05-2018 10:00 via theguardian.com
  How often are you diverted from a task by the seductive lure of your mobile phone? And does it matter? In a landmark book, James Williams argues we’re losing the power to concentrate
  Imagine that you’ve just bought a new GPS device for your car. The first time you use it, it works as expected. However, on the second journey, it takes you to an address a few blocks away from where you had wanted to go. On the third trip, you’re shocked when you find yourself miles away from your
  
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• Red alert: UK farmers warn of soft fruit shortage

  27-05-2018 09:00 via theguardian.com
  Growers fear strawberries will be left to rot as Europe’s migrant workers stay away – but it’s not just a Brexit issueLike many things considered quintessentially English, the humble strawberry is an immigrant. The first garden variety was grown in France in the 18th century, the result of cross-pollinating strawberries from North and South America. Those luscious fruits you buy today in the supermarket? A marriage of European and A merican strains.It was only thanks to the pen
  
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• Two years after the Brexit vote, Project Fear may be coming true

  27-05-2018 08:00 via theguardian.com
  Mark Carney’s recent warning about a Leave-affected economy is being ignored. That is unfortunate, because it’s importantOne of the features of the Brexit vote is that it shows economics doesn’t matter very much. At least not to the 52% who voted to leave the European Union, and who the pollsters tell us still largely feel as they did on 23 June 2016.That seems strange when the debate about Scottish independence focused for much of the time on the possible economic ga
  
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• Doorstep lending crackdown to save vulnerable from debt

  27-05-2018 08:00 via theguardian.com
  Financial Conduct Authority to take action after schemes continue to flourish despite cap on payday loansMeasures to clamp down on doorstep lending and rent-to-own schemes are expected to be unveiled this week following concerns that they are fuelling problem debt.The action comes after warnings that vulnerable people are at risk from the schemes, which have continued to flourish after a cap was placed on payday loans, popularised by lenders such as Wonga. The cap significantly reduced the cost
  
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• Why the robot revolution risks an economic 'death spiral' for Australia | Greg Jericho

  27-05-2018 00:00 via theguardian.com
  More robots in the workforce might be good for economic growth but it’s bad news for equalityIn promoting his 10-year tax plan, Malcolm Turnbull suggested people want governments to undertake “long term planning”. However, a new research paper out this week from the IMF highlights how economies could be set for a major shake-up in the future and how sticking with the belief that better wages for workers comes from reducing company tax in order to spur capital investment is a ra
  
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