Financial news

• Identity theft warning after major data breach at Ticketmaster

  27-06-2018 20:35 via theguardian.com
  People in UK who bought tickets since February told to be wary of suspicious activityUK customers of Ticketmaster have been warned they could be at risk of fraud or identity theft after the global ticketing group revealed a major data breach that has affected tens of thousands of people.The company could face questions over whether there was a delay in disclosing the breach after it emerged that some UK banks have known about the incident since early April.Continue reading...
  
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• Is the EU trying to undermine the City over Brexit? | Nils Pratley

  27-06-2018 20:33 via theguardian.com
  Or does EBA truly believe it’s up to banks and insurers to prepare themselves for all outcomes?The Bank of England has provided a useful reminder that failure to make proper preparations for Brexit is not only a British curse. Threadneedle Street’s language was polite but do not doubt UK regulators’ deep frustration that the EU hasn’t taken seemingly simple steps to ensure that trillions of pounds worth of insurance and derivatives contracts don’t explode on day one
  
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• Mark Carney defends 'staggering' Bank of England expenses bill

  27-06-2018 20:07 via theguardian.com
  Governor says context is important and his own two-year bill exceeded £300,000The Bank of England governor has defended his advisers’ “staggering” expenses claims as he revealed that his own bill exceeded £300,000 over the past two years.Mark Carney said scrutiny of Threadneedle Street’s running costs was justified after MPs criticised travel expenses amassed by two officials of almost £400,000, huge subsidies for the Bank’s staff at its south Lond
  
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• Major UK car rental website removes Green Motion from listings

  27-06-2018 19:55 via theguardian.com
  Holiday Autos takes firm off site following consumer complaints about bill chargesOne the UK’s largest car hire booking websites, Holiday Autos, has removed hire firm Green Motion from its listings following “a flood of complaints” from customers.Ryanair’s car hire booking service will also exclude Green Motion, as it is powered by Holiday Autos’ site.Continue reading...
  
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• Markets jump on easing China tensions; John Lewis closes Waitrose stores - as it happened

  27-06-2018 19:05 via theguardian.com
  US reportedly rows back from China IT confrontationCo-op and Aldi swoop on closing Waitrose storesJohn Lewis: Profits down substantially this yearThese five Waitrose stores are being dropped.....Department store profits are declining
  JL Chairman: This is not a blip 6.05pm BST Global stock markets have been pushed around by the trade tensions between the US and, notably, China, and signs of a softer tone from the Trump administration has given them a lift today. David Madden, market analyst at CM
  
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• UK home solar power faces cloudy outlook as subsidies are axed

  27-06-2018 18:09 via theguardian.com
  Lower costs and battery technology offer hope – but industry says it needs support“I’m 87% self-powered today. Yesterday I was 100%,” Howard Richmond said, using an app telling him how much of his London home’s electricity consumption is from his solar panels and Tesla battery. The retired solicitor lives in one of the 840,000-plus homes in the UK with solar panels and is part of an even more exclusive club of up to 10,000 with battery storage. Continue reading...
  
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• JD Wetherspoon stops serving John Smith's due to CO2 shortage

  27-06-2018 15:42 via theguardian.com
  Lack of carbon dioxide also affects pub chain’s supplies of Strongbow ciderSome JD Wetherspoon pubs are temporarily without draught John Smith’s and Strongbow, and a science centre has cancelled its summer programme, owing to a shortage of carbon dioxide across Europe.Some outlets within the UK’s largest pub group, Ei, which runs the Craft Union and Bermondsey Pub Company chains, are also reporting shortages, according to the BBC. Continue reading...
  
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• Five Waitrose stores to close after John Lewis issues warning on profits

  27-06-2018 14:31 via theguardian.com
  Group blames market uncertainty and IT investment for ‘substantially’ lower profitsThe John Lewis Partnership has said it will make no profit in the first six months of this year and is to close five Waitrose stores as tough trading on the high street takes its toll.The group, which operates 50 John Lewis department stores and 350 Waitrose shops, said full-year profits for the year to January 2019 will also be substantially lower than last year. Continue reading...
  
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• Cheap bacon: how shops and shoppers let down our pigs

  27-06-2018 14:19
  With Brexit looming our animal welfare standards are vulnerable. We’ve got welfare reform wrong in the past - how can we get it right in the future?“When it came to the crunch the retailers let us down,” says Ian Campbell. When he took over the running of a Norfolk farm in the early 1990s, pig farming was a successful, relatively healthy British sector.But within a few years a government ban on the use of gestation crates, combined with a rise in the value of the pound and a pi
  
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• UK social housing should be celebrated like the NHS | Melanie Rees

  27-06-2018 13:41
  Investing £1.67bn in social housing outside London is not enough. It is time to put affordable homes at the heart of societyAre we happy to live in a society which is failing to provide a safe, decent and affordable home for everyone who needs one?This question lies at the heart of the Chartered Institute of Housing’s Rethinking social housing project, which we set up to spark a national debate about the role and purpose of social housing. It took on added significance when it was re
  
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• Big business, bargaining and, of course, the border - Brexit Means... podcast

  27-06-2018 13:28 via theguardian.com
  As Theresa May fights fire from big business, marching pro-Europeans and disgruntled Brexiters, how much longer can she survive?In a week where the government saw off the challenge of the last outstanding rebel Tory amendment on the EU withdrawal bill, it’s only put off the inevitable parliamentary showdown for another day. Meanwhile, in what is starting to feel like something of a step-change, companies and their lobbies are queuing up to warn of the cataclysmic consequences of the UK lea
  
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• UK house prices in June grow at slowest rate for five years

  27-06-2018 10:58 via theguardian.com
  Nationwide reports subdued 2% growth as London prices fall for the second quarterUK house prices have grown at the slowest rate in five years in June, with London remaining the weakest spot as strained household finances and economic uncertainty kept buyers away.Annual price growth slowed to 2% this month from 2.4% in May according to Nationwide’s monthly report. It was the lowest rate of growth since June 2013, when UK prices rose by 1.9%. Continue reading...
  
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• Expedia failed to make a booking and spoiled my £800 holiday

  27-06-2018 08:00
  We ended up in an out-of-town hotel in Morocco and had to spend £285 on taxisI booked and prepaid through Expedia for two rooms at the Ryad Boustane hotel in Marrakech. The confirmation clearly stated: “No need to call to reconfirm this reservation.” We arrived at the hotel at 9pm to discover that no booking had been received and we would have to find accommodation elsewhere. Continue reading...
  
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• London's property prices leads to exodus of early 30s | Larry Elliott

  27-06-2018 07:01
  High housing costs has doubled the number of people in their 30s leaving the capitalLondon’s expensive property prices are leading to an exodus of people in their early 30s from the capital, according to a report showing the economy of Britain’s biggest city increasingly dominated by low-skill jobs.A report from the Resolution Foundation thinktank said the blow to living standards caused by high housing costs meant more people were leaving London than arriving from the rest of the UK
  
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• London's property prices leads to exodus of early 30s

  27-06-2018 07:01 via theguardian.com
  High housing costs has doubled the number of people in their 30s leaving the capitalLondon’s expensive property prices are leading to an exodus of people in their early 30s from the capital, according to a report showing the economy of Britain’s biggest city increasingly dominated by low-skill jobs.A report from the Resolution Foundation thinktank said the blow to living standards caused by high housing costs meant more people were leaving London than arriving from the rest of the UK
  
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• Investment fear for car industry

  27-06-2018 04:52 via feedproxy.google.com
  INVESTMENT in Britain’s car industry has slumped amid Brexit uncertainty, potentially putting thousands of jobs at risk, manufacturers have warned.
  
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• Savers demand a fairer deal

  27-06-2018 04:35 via feedproxy.google.com
  SAVERS are demanding a fairer deal from banks and building societies, calling on them to simplify their deposit accounts and get rid of the gimmicks. Too many are left baffled by competing offers and find it hard to work out what interest rate they are getting.
  
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• Britons will sell homes to plug social care gap

  27-06-2018 04:29 via feedproxy.google.com
  BRITONS are bracing themselves to fund care and healthcare costs from their own pockets as the Government continues to postpone key decisions on social care. One in three people over the age of 45 even expect to sell their home to pay for care because of shrinking state support.
  
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• Post-war bike classics making their marque

  27-06-2018 04:24 via feedproxy.google.com
  THE British motorcycle industry may have lost its momentum but its classic post-war marque brands can still prove a racy investment. Five classic British motorbikes from between 1947 and 1955 are up for auction on July 26, with their value having doubled in the past 10 years.
  
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