Financial news

• UK banks could face new multibillion-pound claims after PPI ruling

  02-07-2018 20:47
  Court ruling over mis-selling may allow cases that have been rejected to be reconsideredBritain’s banks face the threat of a huge new PPI bill that could add billions of pounds to the £30bn already paid out in compensation, following a court ruling lauded by claims management companies as “hugely significant”.The case opens the door to a renewed claims bonanza as it suggests that even if the PPI policy was not mis-sold, the buyer may still be able to reclaim because the s
  
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• Barclays to move UK jobs to Frankfurt ahead of Brexit

  02-07-2018 15:24 via theguardian.com
  Between 40 and 50 London investment banking roles are to shift to GermanyBarclays is to shift between 40 and 50 investment banking jobs from London to Frankfurt as it prepares for Britain’s exit from the EU.Previously, the bank, which employs 48,700 people in the UK, said it would be expanding its operations in Dublin by 150-200 jobs, making Ireland its base for continuing to trade within the EU.Continue reading...
  
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• Premium Bonds checker: What are the July premium bonds winning numbers?

  02-07-2018 11:09 via feedproxy.google.com
  THE Premium Bonds winning numbers from July’s draw have been revealed - but what are the July premium bonds winning numbers and who has won?
  
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• July premium bonds winning numbers: Have YOU won the July premium bonds jackpot?

  02-07-2018 10:59 via feedproxy.google.com
  JULY’S Premium Bond winners have been revealed and two lucky people have become millionaires - but have you won the jackpot?
  
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• Ambitious Huel eyes £1bn valuation

  02-07-2018 10:58 via feedproxy.google.com
  HUEL has drawn up a shortlist of investors that could take a stake by year-end, as the meal replacement brand prepares for a growth spurt that it hopes will create a £1billion business within the next four years.
  
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• Bitcoin price LIVE: $6k BTC to hit '$50,000' as believers push back at 'crypto funeral'

  02-07-2018 10:50 via feedproxy.google.com
  BITCOIN has enjoyed a slight recovery this weekend after moving from around $5,800 on Friday night to a high of $6,408 on Saturday morning. Building on the optimism, one bitcoin 'bull' believes the leading crypto will hit "$50,000 by the end of the year."
  
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• July 2018 Premium Bonds: Who won the Premium Bonds July jackpot?

  02-07-2018 10:41 via feedproxy.google.com
  TWO lucky winners have scooped the million-pound jackpot in July’s Premium Bonds prize draw - but are you one of them?
  
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• It’s a red card for Monzo expansion

  02-07-2018 10:41 via feedproxy.google.com
  MONZO saw losses balloon last year after its banking ambitions led to a 336 percent surge in operational costs. The digital challenger logged pre-tax losses of £33.1million in the year to February 2018, having widened from just £7.9million a year earlier.
  
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• Know your new HOLIDAY travel rights: new rules usher in better deal for holidaymakers

  02-07-2018 10:01 via feedproxy.google.com
  The new better deal for holidaymakers gives: more protection for packages and DIY trips booked through linked websites, cancellation rights, more predictable prices, easier identification of whose responsible if booking mistakes are made or things go wrong, more help on hand for health issues, extra accommodation during natural disasters, guarantees of money and repatriation extended if an operator goes bust - sellers of linked arrangements obliged to take out insolvency protection so they can c
  
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• Tariff fears drag markets down as EU and Trump trade blows – business live

  02-07-2018 08:44 via theguardian.com
  All the day’s economic and financial news, as US president says Europe is “possibly as bad as China”, and EU threatens tariffs on more American goods 7.44am BST Asian stock markets are a sea of red today, as traders fret about the prospect of a global trade war.Every major share index is in the red, and many emerging market currencies are sliding against the US dollar again. Bad, bad day across Asia. Horrible start to the second half. pic.twitter.com/8Qw3yTlue0A ramping up of t
  
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• What’s put the spark in Norway’s electric car revolution?

  02-07-2018 08:30 via theguardian.com
  The Nordic country leads the world due to environmental concerns, but also big subsidiesThere is a low hum that Norwegians have grown used to as they walk down their streets. The sound of Teslas, Nissan Leafs, BMW i3s, VW e-Golfs and Kia Souls gliding past each other.While electric cars are increasingly noticeable in most capital cities, the sheer number in Oslo and throughout the rest of the country can surprise visitors. Norway has been described as a world leader and last year more than half
  
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• 7,000 estate agents at risk of going to the wall, says study

  02-07-2018 08:18 via theguardian.com
  High street operators face triple whammy of internet competition, falling prices and fee cutsMore than 150 estate agency firms went insolvent last year and as many as 7,000 are at risk as high street operators face the triple whammy of online competition, a sagging property market and cuts to letting fees.A study by accountants Moore Stephens found that 153 estate agency firms went insolvent in the year to May 2018, a small increase on the 148 the year before.Continue reading...
  
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• I earn £30,000 – do I have any chance of buying a London flat?

  02-07-2018 08:00 via theguardian.com
  I thought I wouldn’t get a mortgage, but my family have offered me help with a deposit Q I am a single 38-year-old adult living in London with no dependents. I have rented for years as I have always assumed that I would never be in a position to secure a mortgage on my salary which is currently just under £30,000. However, my family have recently been able to offer me help with a deposit – a gift, not a loan - and I am now considering my options. I have spoken with a mortgage a
  
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• BA’s refund offer for travel costs was pie in the sky

  02-07-2018 08:00 via theguardian.com
  I was told I would get my expenses back after a cancelled flight, but was later deniedWe were recently due to fly back from California to Manchester with British Airways, changing planes at London Heathrow. Less than 24 hours before our flight, we got a text to say the flight from Heathrow to Manchester had been cancelled. There was a phone number given to contact for assistance, but they were absolutely no help.On arrival in London we spoke to someone at the BA help desk, who said the next avai
  
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• Scottish Power owner: ditch 'moonshot' green technologies

  02-07-2018 07:00 via theguardian.com
  Head of Spanish Iberdrola welcomes UK’s scrapping of £1.3bn Swansea tidal project The boss of one of the world’s biggest energy companies has said governments should abandon expensive “moonshot” green technologies – such as the £1.3bn Swansea tidal project, axed last week – in favour of wind and solar. Ignacio S Galan, chair of Spanish energy giant Iberdrola, which controls Scottish Power in the UK, said the decision on Swansea must see the end of
  
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• BBC in talks with Channel 4 to launch £500m bid for UKTV

  02-07-2018 07:00 via theguardian.com
  Broadcaster, 50% controlled by BBC Worldwide, is major source of profit for the BBCThe BBC is in talks with Channel 4 to mount a £500m bid to take control of UKTV , which broadcasts channels including Dave and Gold.
  UKTV has a mix of 10 free to air and pay-TV channels as well as a free streaming service. It is 50% controlled by BBC Worldwide, with the remaining stake owned by US media company Discovery. Continue reading...
  
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• The Crusader: Price hike’s just not cricket

  02-07-2018 06:31 via feedproxy.google.com
  Driver John Tysoe was hit for six when his motor insurance premiums doubled overnight without warning. An unresolved accident claim was to blame, he then discovered.
  
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• Mastercard pushing for a rise in cashless payments

  02-07-2018 05:57 via feedproxy.google.com
  Mastercard is pushing for a bigger uptake of cashless payments, but the company reassured consumers it has “contingency plans” for IT failures like those that blocked millions of transactions at rival Visa.
  
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