Financial news

• ‘Cash is just grief’: why shops and bars want to make you pay by card

  24-06-2018 16:00
  More and more businesses are opting not to take cash – it’s expensive, slow and makes them vulnerable to robbery. But millions of people don’t have bank accounts. Will they be cut out of this new economy?A strange thing happened to me recently. I was in a bar, but I couldn’t buy a beer. Or, to be exact, I refused to. I was in Öl at Hatch, a shipping container complex of food and drink purveyors on Oxford Road in Manchester, where the bar – to my surprise &ndash
  
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• Theresa May must pick a side as Brexit fears for industry increase | Richard Partington

  24-06-2018 14:43 via theguardian.com
  PM will head to latest EU summit with employers such as Airbus reconsidering investment in UKBritain in 2016: the Conservatives are making a mess of running the nation, cutting public services to the bone and tearing themselves apart over Europe, while Labour under Jeremy Corbyn fail to make serious inroads as the opposition party of the day.Fast forward two years since the Brexit vote and very little has changed. David Cameron might well have vanished from political life and Corbyn has indeed r
  
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• 'The more we undermine May, the more likely a Brexit fudge' says Jeremy Hunt - video

  24-06-2018 14:14 via theguardian.com
  Jeremy Hunt says Airbus's warning about job losses related to Brexit is 'completely inappropriate', and that 'siren voices' risk undermining the government at a key moment in the negotiations. He says the best way to achieve the 'clarity and certainty' businesses need is to back the prime minister in her negotiations with Brussels.Jeremy Hunt hits back at Airbus over Brexit warnings on jobs Continue reading...
  
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• Chinese retaliatory tariffs aim to hit Trump in his electoral base

  24-06-2018 13:00 via theguardian.com
  The president has claimed that trade wars are ‘easy to win’ but Beijing and the EU plan to hit back against states that elected himWashington’s penchant for brandishing “big sticks” will come back to haunt it, China Daily, official organ of the Chinese government, warned on Friday as trade tensions between the two countries continued to fray. And China, and the EU, have identified just where that haunting will begin: in America’s heartland.For Donald Trump, th
  
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• Energy minister faces questions as Swansea tidal lagoon plan left in limbo

  24-06-2018 12:05 via theguardian.com
  Tidal Lagoon Power has to cut headcount after delays over decision on £1.3bn projectBritain’s energy minister will have to explain to MPs why no decision has been made on whether to support a tidal lagoon in Swansea – nearly 18 months after an independent government review backed the plan.Claire Perry will face the business, energy and industrial strategy (BEIS) committee on Monday afternoon to answer questions on the £1.3bn clean energy project, which has been left in li
  
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• There’s no panic yet: but Trump’s trade war could get out of hand

  24-06-2018 08:00 via theguardian.com
  The president’s tough tweets about EU car imports on Friday create another unstable element in a widening confrontationIt’s a skirmish, no more than that. The trade tariffs going up around the world might be adding millions to the cost of importing goods, but it’s not a war and it won’t mean the end of global growth. Or at least that seems to be the general view. The International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD), and t
  
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• Analysts can pay a price for drilling too deep into Gazprom

  24-06-2018 08:00 via theguardian.com
  The Russian gas giant’s AGM this week reminds us of the issues raised in a research note that got its author firedThere’s an old joke in the City that starts with the question: what’s the difference between a supermarket trolley and an equity analyst?The gag is flexible, with at least two different punchlines. The first has it that the equity analyst can hold more food and booze. The second says that the supermarket trolley is the only one with a mind of its own. Continue readi
  
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• Motor policy is lacking in direction, says HARVEY JONES

  24-06-2018 06:30 via feedproxy.google.com
  EXPERTS say Government plans to phase out petrol and diesel car sales by 2040 are on the road to nowhere as it fails to build the infrastructure for electric cars. Confused government policy has also fuelled a collapse in new registrations, particularly diesel car sales.
  
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• Fuelling the flames

  24-06-2018 06:13 via feedproxy.google.com
  THE OIL PRICE has finally gone into reverse, although you may not have noticed when you filled up your car on the forecourt. Supermarkets and other major retailers are notorious for instantly passing on higher wholesale prices to motorists, then taking several weeks to reluctantly pass on any price drop.
  
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• It sounds ‘too good to be true’ for a reason

  24-06-2018 05:53 via feedproxy.google.com
  PENSION mis-selling takes many shapes and forms, but all have one thing in common: the victim is in serious danger of losing their lifetime savings and having their retirement destroyed.
  
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• World Cup boost for Greene King

  24-06-2018 05:42 via feedproxy.google.com
  Management at Greene King will be cheering England when they play Panama this afternoon, as a successful national team is a proven winner for the pub chain’s bottom line.
  
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• Brexit result reaps reward for investors

  24-06-2018 05:31 via feedproxy.google.com
  BRITISH investors are continuing to embrace risk as they enjoy healthy stock market returns in the wake of Brexit. Two years ago this morning the nation woke to the shock result of the EU referendum, while stock markets plunged.
  
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