Financial news

• Bitcoin price news: Will bitcoin recover? Will BTC go back to $10,000?

  20-06-2018 21:18 via feedproxy.google.com
  BITCOIN appears to be back on the rise today, as recent charts show a steady increase across most cryptocurrencies. The market is working to recover after the digital token saw a sharp drop among several hacks in South Korea. Will BTC recover?
  
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• 'Yours cynically': emails show DfT contempt for rail users, says MP

  20-06-2018 19:12
  Labour’s Lisa Nandy says ministers and officials were warned over timetable changesPrivate emails sent between government officials after warnings of impending rail chaos in the north of England show “complete disrespect and contempt” for passengers, an MP has said. Documents released after a freedom of information request to the Department for Transport, and passed to the Labour MP for Wigan, Lisa Nandy, show discussions between officials after passenger groups warned more tha
  
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• Get impregnated by World Cup stars and win free Whoppers, says Burger King

  20-06-2018 17:12 via theguardian.com
  Burger King’s Russian division has apologized for a social media campaign offering free burgers for life to women who get pregnant by football playersBurger King has apologized for a poor-taste ad campaign posted on its official Russian social media account. On Tuesday the burger chain announced a promotion on VK, the Russian equivalent of Facebook, offering women 3 million Russian roubles ($47,000) and a lifetime supply of Whoppers if they get impregnated by football players competing in
  
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• Berkeley hits peak profits as it warns of London housing slump

  20-06-2018 16:50
  Luxury housebuilder reports annual profits of nearly £1bn but Brexit jitters remainThe London-focused housebuilder Berkeley Group has announced record annual profits of nearly £1bn, but warned profitswere likely to fall in the coming year by about a third as Brexit uncertainty weighs on the capital’s housing market.The company, which builds luxury homes in London and the south-east, said a 15% jump in pre-tax profits to £934.9m in the year to 30 April could prove to be th
  
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• MPs tell Asda and Sainsbury's merger was 'financial fix'

  20-06-2018 16:43 via theguardian.com
  Asda and Sainsbury’s bosses accused of giving ‘mickey mouse numbers’ to parliamentary committeeThe bosses of Asda and Sainsbury’s have been accused of using “mickey mouse numbers” by MPs, who also dismissed the two grocers’ promise to continue running both brands separately after a merger as “baloney”.In a bruising session on Wednesday morning, Neil Parish, chair of the parliamentary environment food and rural affairs committee, told Asda&rsq
  
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• £10m loss Hornby stuck at red

  20-06-2018 16:10 via feedproxy.google.com
  MODEL train maker Hornby's new boss Lyndon Davies said mistakes under previous management were continuing to derail sales as it slipped deeper into the red.
  
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• Marks and Spencer told to team up with AMAZON to save retailer as stores close

  20-06-2018 16:03 via feedproxy.google.com
  MARKS & Spencer has been told that it should “seriously” consider a partnership with online giant Amazon as the UK’s high-street favourites continue to struggle against the new digital giants.
  
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• Sir Terence Conran’s restaurant group calls in administrators

  20-06-2018 15:57
  Final three Prescott & Conran outlets hit by weak consumer demand and rising costsSir Terence Conran’s restaurant group has called in administrators as the leisure and hospitality industry suffers from weak consumer demand and rising costs.The design and restaurant mogul’s Prescott & Conran business, which he set up with colleague Peter Prescott in 2006, had three remaining outlets all located in London: Lutyens in Fleet Street; Parabola at the Design Museum in Kensington and
  
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• Plant hire firm Ashtead cleans up

  20-06-2018 15:42 via feedproxy.google.com
  STRONG demand in America to rent its equipment in the clean-up following last year's hurricanes Harvey, Irma and Maria boosted Ashtead Group's revenue by $100million .
  
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• CO2 shortage could hit UK beer and chicken supplies during World Cup

  20-06-2018 15:15 via theguardian.com
  Flow of beer and soft drinks could be cut within days, with disruption possible in supply of meat, ready meals and saladBritain is facing a shortage of meat, salad and ready meals – as well as a World Cup beer drought – as stocks of carbon dioxide used by the food and drink industry run low.With northern Europe already battling a CO2 supply problem, three of the largest UK plants producing the gas have closed for maintenance, sparking panic among brewers, pub groups and food supplier
  
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• Bonmarche finds good market online

  20-06-2018 15:00 via feedproxy.google.com
  A REVAMPED supply chain, less discounting and improved fashions helped Bonmarche defy wider retail gloom.
  
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• Middle income households faring best since the crash, report finds

  20-06-2018 14:59
  Swelling ranks of the UK’s pensioners joining middle earners have pushed median up, says IFS studyMiddle-class households in the UK have seen their incomes grow more strongly than those at the top and bottom ends of the earnings scale during the years since the financial crash, according to the Institute for Fiscal Studies.Between 2012 and 2017, the average income increased by 8% after taking into account inflation. For those in the bottom 10% of earners and those in the top 10%, incomes i
  
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• Former UK financial district leader sees 75000 Brexit job losses - Reuters

  20-06-2018 14:18
  Reuters
  Former UK financial district leader sees 75000 Brexit job losses
  Reuters
  LONDON (Reuters) - A former leader of London's financial district believes Britain is unlikely to get generous access to the European Union financial market after Brexit, resulting in a loss of 75,000 jobs and 10 billion pounds ($13.2 billion) in tax ...
  Former UK financial district leader sees 75000 Brexit…NEWSTAGEalle 21 nieuwsartikelen »
  
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• The traditional cash-only bakery that’s making dough after accepting cards

  20-06-2018 13:48
  It took Plum Duff bakery 45 years to embrace modern payments systems, but owner Ian Moore now reckons it’s a piece of cakeFor business owners who have relied for years on traditional ways of working, the prospect of embracing change and getting to grips with new technology can seem daunting. In reality, many new solutions are easy to incorporate and can transform the way businesses work, opening up a range of exciting opportunities.Plum Duff is run by chef Ian Moore, who has worked in som
  
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• SURFACESKINS steps up door pads production in fight against KILLER hospital infections

  20-06-2018 13:37 via feedproxy.google.com
  DOORS, key germ hotspots harbouring deadly infections in hospitals, are the target of manufacturer Surfaceskins whose new superbug beating solution has won over £1m in pre-orders. Speed is the essential advantage of the British company’s self-disinfecting, alcohol gel-filled pushpads.
  
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• UK economy ‘back on course’ says KPMG - as Germany wobbles

  20-06-2018 13:08 via feedproxy.google.com
  BREXIT Britain has received a boost from leading accountancy firm KPMG who claim that after a bad start to 2018, “hope is on the horizon.”
  
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• Pound US dollar exchange rate: GBP hits seven-month low ahead of Brexit vote

  20-06-2018 12:46 via feedproxy.google.com
  THE pound US dollar exchange rate fell to $1.314 on Wednesday morning. It has been encumbered by the looming crunch vote on the EU Withdrawal Bill and the current strength of the dollar, which continues to capitalise on market anxieties regarding a trade war.
  
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• Note to news outlets: not every millennial wants to buy a house | James Ball

  20-06-2018 10:00
  For many of us, giving up on home ownership represents freedom – we’d rather the focus shifted to improving rentingThe media has decided to constantly bombard millennials with poor-quality and largely unwanted advice on buying property. We should eat fewer avocados, some warn. We should stop going out or paying for Netflix. According to one article last week, millennials are frivolously spending on cleaners rather than saving for a deposit.Almost every bit of financial advice to mill
  
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• Why did Sky keep charging me when I changed provider?

  20-06-2018 08:00
  I moved phone and broadband to BT, but then I found out Sky had charged me £1,000Back in 2013 I switched my phone and broadband from Sky to BT – although I carried on paying Sky for TV services. I realised yesterday that Sky has been billing me for my landline and broadband ever since. I estimate the overcharge must be in excess of £1,000. BT says it simply switched me over. Continue reading...
  
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• UK urged to make 'traffic light' food labelling mandatory

  20-06-2018 01:01
  Which? says Brexit is chance to update law to help shoppers faced with bewildering array of nutritional dataA consumer group is calling for mandatory “traffic light” food labelling post-Brexit, after warning that inconsistent information on popular adult breakfast cereals could be misleading shoppers about how much sugar, salt and fat they contain.Many supermarket own-brands use the voluntary colour-coded scheme, but Which? says giant manufacturers like Kellogg’s are lagging be
  
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