Financial news

• Foxtons slips to £2.5m loss amid weak London property market

  30-07-2018 18:57
  Countrywide is also expected to report grim sales figures – and a cash call on investorsFoxtons has crashed to a loss after struggling to sell houses in London’s sagging property market, as concern grows of wider problems facing Britain’s estate agencies.Later this week Countrywide, the UK’s biggest independent agency, is also expected to report grim sales figures and an emergency cash call on investors to help pay down £200m of debt.Continue reading...
  
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• Barnier softens stance to UK Brexit financial services plan - Financial Times

  30-07-2018 18:28
  Financial Times
  Barnier softens stance to UK Brexit financial services plan
  Financial Times
  The EU's chief negotiator has softened his opposition to the UK's Brexit plan for financial services after British negotiators made clear that he was misinterpreting what they wanted for the City of London. Share on Twitter (link opens in a new browser ...
  
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• British HOLIDAYMAKERS are cash hit after Spanish car hire firm FLAMENCA charges them twice

  30-07-2018 15:54 via feedproxy.google.com
  The shock of being charged twice for a car-hire service in Spain has cast a long shadow over a couple’s holiday.
  
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• GUIDE: Hiring a car in Europe - how to get the best deal and not be fleeced

  30-07-2018 15:53 via feedproxy.google.com
  Buying a car hire excess insurance policy, to cover damage and theft, from a specialist insurer rather than the rental company is one of the biggest savings that can be made when hiring a car.
  
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• Dame Emma Thompson launches attack on the gender pay gap

  30-07-2018 14:50 via feedproxy.google.com
  Actress Dame Emma Thompson has praised the move to publish salaries to highlight gender pay inequalities as this reveals how women have been treated as “second-class citizens”.
  
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• UK mortgage approvals tick up to 5-month high - Financial Times

  30-07-2018 14:40
  Financial Times
  UK mortgage approvals tick up to 5-month high
  Financial Times
  Mortgage approvals for house purchases hit a five-month high in June, while growth in credit-card borrowing reached the second-highest level since the financial crisis, according to figures published by the Bank of England on Monday. A total of 65,519 ...en meer »
  
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• Sick days taken by UK workers fall to lowest rate on record

  30-07-2018 14:25
  ONS says average in 2017 was 4.1 days but experts warn more people are working when illThe number of sick days taken by British workers has fallen to the lowest on record according to official figures, as experts warn that many employees are coming into work when ill because they are fearful for their jobs.
  The Office for National Statistics said the average number of sick days taken by UK workers fell to 4.1 days in 2017, a sharp decline from the 7.2 days recorded in 1993 when the data was firs
  
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• Lloyds may set aside millions for PPI

  30-07-2018 14:20 via feedproxy.google.com
  LLOYDS could set aside millions of pounds more to address payment protection insurance miss-selling claims this week when it reports results alongside Barclays and RBS.
  
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• Interest-only mortgages offer more choice for over-55s

  30-07-2018 13:35 via feedproxy.google.com
  OLDER homeowners are being given more borrowing choices, as a building society launches a new range of retirement interest-only mortgages. Leeds Building Society is entering the market, with the deals initially available through brokers.
  
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• Brexit: UK warns EU of tit-for-tat measures over financial services - The Guardian

  30-07-2018 13:29
  The Guardian
  Brexit: UK warns EU of tit-for-tat measures over financial services
  The Guardian
  UK negotiators have told their counterparts in Brussels that about 7,000 European-based investment funds that rely on British clients for their cash and profits will be hit by regulators unless the EU changes its position on the City of London after ...
  UK tells EU - give the City access to EU or your financial firms could suffer ...Reutersalle 299 nieuwsartikelen »
  
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• Nevis: how the world’s most secretive offshore haven refuses to clean up – podcast

  30-07-2018 13:00 via theguardian.com
  The years since 2008 have seen a global crackdown on offshore finance. Yet a few places have doubled down on offering secrecy to the super-rich. Among these, one tiny Caribbean island might be the worst offender• Read the text version hereSubscribe via Audioboom, iTunes, Soundcloud, Mixcloud, Acast & Sticher and join the discussion on Facebook and Twitter Continue reading...
  
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• Extreme weather could push UK food prices up this year, say farmers

  30-07-2018 12:24
  Crops are wilting in parched fields, lowering the yields of kitchen staples including meat, wheat, potatoes, onions and milk Staple foods from bread to potatoes, onions, milk and meat may be in shorter supply than usual this year and prices to consumers may have to rise, farmers have said, as they count the cost of the two-month drought and heatwave across the UK.There will be little respite from the hot weather in many areas of the country, even as thunderstorms and heavy rains spread from the
  
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• Pound euro exchange rate: GBP rises ahead of BoE interest rate decision

  30-07-2018 11:28 via feedproxy.google.com
  THE pound has advanced against the euro today, hitting an exchange rate of €1.125. While this is a positive start to the week it is still somewhat lower than last week’s high of €1.127.
  
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• Pound US dollar exchange rate: GBP firms as markets await central bank meetings

  30-07-2018 11:20 via feedproxy.google.com
  THE pound US dollar exchange rate is currently at around $1.332. This is up by around 0.2 per cent this morning as investors gear up for an eventful week of trading.
  
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• UK appoints former BP executive to lead battery initiative - Financial Times

  30-07-2018 10:21
  Financial Times
  UK appoints former BP executive to lead battery initiative
  Financial Times
  Neil Morris, a former BP executive, has been appointed head of the Faraday Institution, a UK-government backed effort to launch a battery industry. Mr Morris will help the organisation “develop powerful, long-lasting, low-cost, safe batteries that can ...en meer »
  
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• China open to UK trade deal after Brexit - Financial Times

  30-07-2018 10:10
  Financial Times
  China open to UK trade deal after Brexit
  Financial Times
  The Chinese government is willing to open talks on a trade deal with the UK, new foreign minister Jeremy Hunt said on his first trip to Asia since taking office. Mr Hunt, who replaced Boris Johnson earlier this month, was speaking at a press conference ...
  UK's new foreign minister in China for first overseas visitFinancial Expressalle 218 nieuwsartikelen »
  
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• No bosses, no managers: the truth behind the ‘flat hierarchy’ facade | André Spicer

  30-07-2018 10:00
  They promise staff the time of their lives. But from tech to Hollywood, there’s a neo-feudal culture of favouritism and fearImagine working for a company with no bosses. On your first day, you are given a handbook for new employees. This will be “the greatest professional experience of your life”, you read. “We don’t have any management, and nobody reports to anybody else.” You can decide which projects you work on. If you hate who you’re sitting next to
  
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• Why did Skyscanner link to a site that didn’t supply tickets?

  30-07-2018 08:00
  I bought tickets from online travel agent Tripsta – but now it doesn’t answer emails or callsBack in 2016 you reported that flights website Skyscanner had removed online travel agent Tripsta after customers reported poor service. I wish I had read that letter at the time. In May this year I bought tickets costing £885 from Tripsta after being directed there from Skyscanner (which obviously must have reinstated it). Tripsta has now ceased trading, and Air Moldova says – ju
  
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• Think before buying insurance ‘bolt-ons’, the cheap policies aimed at boosting profits

  30-07-2018 08:00
  While premiums may be low, questions remain over whether the cover is worth itIn Superman III, Richard Pryor’s character Gus Gorman discovers a way to get rich quick: he skims all of the half-cents paid to the staff in the company he works for into an account for his own benefit. The simple tactic rests on the belief that because the amounts of money are so small, the individuals will not see them going.Martyn James from consumer help website Resolver uses the strategy from the 1983 film a
  
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• Is it right to be cautious about the help-to-buy scheme?

  30-07-2018 08:00
  Help-to-buy is not an option if you don’t want a new-build home – and interest rates can be higherQ In your opinion is help-to-buy a good option? Both my sons – who are 30 and 35 – have been renting for 15 years but now want to get on the property ladder. They have looked into the help-to-buy scheme in some depth but remain unsure. I’ve read such negative things about the help-to-buy scheme and don’t want them to live a life of fear and stress should they go d
  
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• Only 5% of UK Bitcoin investors made financial gains — report - BizNews

  30-07-2018 07:00
  BizNews
  Only 5% of UK Bitcoin investors made financial gains — report
  BizNews
  Not long ago, a reader wrote to a member of our Biznews team asking the best way to invest in Bitcoin. If I had replied to her, I might have replied with this story, a report revealing that less than 5% of the millions of Brits who have invested in ...
  
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• UK mid-caps suffer drop in liquidity and analyst coverage - Financial Times

  30-07-2018 06:01
  Financial Times
  UK mid-caps suffer drop in liquidity and analyst coverage
  Financial Times
  The UK's mid-cap companies have suffered a sharp drop in liquidity while their analyst coverage has shrunk in the first half of the year, according to data suggesting that new European markets rules around research distribution are beginning to bite.
  
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• Five things to watch on UK interest rates | Financial Times - Financial Times

  30-07-2018 05:01
  Financial Times
  Five things to watch on UK interest rates | Financial Times
  Financial Times
  In May, the Bank of England was poised to raise interest rates, only to hold off at the last moment after a slew of disappointing economic data. Now, however ...en meer »
  
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• Dizzying array of recycling symbols 'is confusing consumers'

  30-07-2018 01:01
  Which? says people often don’t understand various symbols found on packagingA confusing array of symbols on household packaging is leaving consumers in the dark about what can be recycled, research reveals.Nearly half of respondents to a survey carried out in the UK by consumer group Which? thought that products stamped with the so-called green dot (a circle of two intertwined arrows) were recyclable, when in fact it means only that a manufacturer has paid into a scheme that supports recyc
  
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