Financial news

• Bitcoin price LIVE: Bitcoin expert warns investors not to panic - can BTC recover?

  07-08-2018 17:29 via feedproxy.google.com
  BITCOIN prices crashed down past $7,000 today as investor confidence fell through the floor. Here are the latest news and live updates.
  
  Read more

• UK Financial Authority Creates Global Alliance for Fintech Innovation ... - Cointelegraph

  07-08-2018 16:49
  Cointelegraph
  UK Financial Authority Creates Global Alliance for Fintech Innovation ...
  Cointelegraph
  The UK Financial Conduct Authority (FCA) has announced the creation of a global initiative to improve collaboration on fintech innovations — like blockchain — between regulators and companies, according to an official August 7 press release. The FCA ...
  Fintech: UK Financial Conduct Authority Initiates Consultation on Global ...Crowdfund Insideralle 89 nieuwsartikelen &raq
  
  Read more

• UK house prices rising faster than wage increases, Halifax says

  07-08-2018 14:58 via theguardian.com
  Bank puts annual rate of property inflation at 3.3%, but experts say market activity still lacklustreA surprise spike in UK house prices in July has increased the annual rate of property inflation to 3.3%, pushing the cost of buying a home to a record high.Halifax said house prices rose 1.4% in July alone, taking the average house price to a new record of £230,280. The annual growth rate jumped from 1.8% in June to 3.3% in July, the largest increase since last November.Continue reading...
  
  Read more

• ITV joins Hollywood giants to back video streaming service for mobiles

  07-08-2018 14:28 via theguardian.com
  DreamWorks co-founder Jeffrey Katzenberg’s NewTV venture raises $1bn from Disney, 21st Century Fox and othersITV has joined major Hollywood studios including Disney and Fox, two major Wall Street banks and the billionaire Walton family in a $1bn investment to back an ambitious new video streaming service for mobile phones.NewTV, the temporary name for the new venture, aims to win over the smartphone generation in the same way that Netflix has transformed traditional TV viewing. Continue re
  
  Read more

• Advertisement

• Pound edges higher against the dollar while oil rises as Iran sanctions restart - live

  07-08-2018 14:23 via theguardian.com
  Sterling still struggling on fears of a no-deal Brexit but recovers some of Monday’s losses 1.23pm BST Here’s our latest story on the US sanctions on Iran:Donald Trump has warned America’s trading partners that anyone who does business with Iran will not be doing business with the US, after his administration reimposed blanket sanctions.The US president described the new sanctions, which hit Iran’s access to dollars, gold and precious metals, as “the most biting eve
  
  Read more

• Trade with Iran and you won't trade with US, Trump warns

  07-08-2018 14:19 via theguardian.com
  ‘Most biting ever’ sanctions imposed overnight as President Rouhani dismisses ‘psychological warfare’ Donald Trump has warned America’s trading partners that anyone who does business with Iran will not be doing business with the US, after his administration reimposed blanket sanctions. Related: EU acts to protect firms from Donald Trump's sanctions against IranContinue reading...
  
  Read more

• Indian ride-hailing firm Ola to take on Uber with launch in UK

  07-08-2018 13:11 via theguardian.com
  Company first in Britain to offer choice of private hire car or black cab through same appIndia’s biggest ride-hailing firm, Ola, is taking on Uber in the UK with plans to roll out its service across the country by the end of the year.The firm is to launch in Cardiff, Newport and Vale of Glamorgan in south Wales within the next month, followed by Greater Manchester, after obtaining operating licences, and is working with local authorities to expand nationwide.Continue reading...
  
  Read more

• Pound edges higher while oil rises as Iran sanctions restart - business live

  07-08-2018 13:03 via theguardian.com
  Sterling still struggling on fears of a no-deal Brexit but recovers some of Monday’s losses 12.03pm BST The VIX index - a measure of the stock market’s expectation of volatility - is heading lower.It is currently down 2% at 11.03 having earlier fallen to 10.9, the lowest level since January.Vix getting crushed back to Jan lows, complacency taking over again 11.49am BST The US-China trade battle could spill over from goods into services, according to S&P Global Ratings. The S&
  
  Read more

• Advertisement

• Vulnerable customers to pay more for energy after Ofgem allows higher tariffs

  07-08-2018 12:54 via theguardian.com
  Customers on ‘safeguard tariffs’ can now be charged £47 a year more after rise in wholesale energy costsOfgem has lifted the maximum amount energy companies can charge vulnerable customers on variable tariffs to £1,136 a year following a rise in wholesale energy costs.The energy regulator said its safeguard tariff, which is designed to protect 5 million prepayment meter and vulnerable households, would rise by £47 a year for dual fuel customers from 1 October. Conti
  
  Read more

• Safeguard energy tariffs increase following rise in energy costs

  07-08-2018 12:54 via theguardian.com
  Customers on tariffs designed to protect vulnerable households can now be charged £47 a year moreOfgem has lifted the maximum amount energy companies can charge vulnerable customers on variable tariffs to £1,136 a year following a rise in wholesale energy costs.The energy regulator said its safeguard tariff, which is designed to protect 5 million prepayment meter and vulnerable households, would rise by £47 a year for dual fuel customers from 1 October. Continue reading...
  
  Read more

• Universal basic income hasn’t made me rich. But my life is more enriching | Tuomas Muraja

  07-08-2018 12:30
  Trying out the scheme in Finland pushed me to find better work opportunities. It beats a complicated benefits systemThe Finnish basic income trial, of which I am part, finishes at the end of the year. Having been interviewed by nearly 70 separate media outlets, from the BBC to Le Figaro, the question I have been asked most often has been: how has the basic income trial changed my life? My answer is simple. In money terms, my life has not changed at all. However, the psychological effects of this
  
  Read more

• Not so penny-wise: the last days of Poundworld

  07-08-2018 12:03
  The bargain chain is due to close the last of its 335 stores this week. What happened to the chain’s unstoppable rise?Last week at the doomed branch of Poundworld in Lewisham, south-east London, toothbrushes for dogs – reduced to 70p – were lying opposite reading glasses for 50p. One-litre bottles of antifreeze were still £1, but the 2017 Justin Bieber annuals, piled up like discarded pizza boxes, were down to 50p after an initial drop to 75p failed to shift them. Telesco
  
  Read more

• Pound euro exchange rate: GBP drops as police leaders issue no-deal Brexit warning

  07-08-2018 11:38 via feedproxy.google.com
  THE pound has fallen against the euro today, trading at a level of €1.118. This is the worst exchange rate in over two weeks and has been put down to continued Brexit concerns.
  
  Read more

• Pound US dollar exchange: GBP edges higher as UK house prices surge

  07-08-2018 11:34 via feedproxy.google.com
  THE pound US dollar exchange rate is currently at around $1.296, edging up from yesterday’s 11-month low of $1.292. The pairing is looking to recoup some of Monday’s losses following an upswing in UK house prices.
  
  Read more

• Virgin Care must be kept away from the NHS | Molly Scott Cato

  07-08-2018 10:46 via theguardian.com
  Privatisation has been a disaster for public services. The NHS should be in public hands, not run by corporations like Branson’sRichard Branson’s Virgin Care has hoovered up £2bn worth of NHS contracts over the past five years. This should get the pulse rate of rightwing ideologues racing, and they will no doubt gleefully point to Virgin’s rhetoric about how these contracts have “saved the NHS and local authorities millions”. They will also undoubtedly tr
  
  Read more

• Easter woes for loyal AA member

  07-08-2018 08:00 via theguardian.com
  Family gathering turned into a nightmare thanks to the AA, and they won’t even deal with my complaintI submitted a complaint to the AA by email 10 weeks ago and have had no response, despite further chasing. I have been a member for 46 years – with their full cover package – but had a bad experience over the Easter weekend. A request for relay of car and two passengers home after breakdown resulted in being stranded overnight in a motorway services coach park. We waited nine an
  
  Read more

• Where did it all go wrong for Wonga?

  07-08-2018 07:00 via theguardian.com
  Pressure from claims management firms and regulators could bring an end to the deflating payday lenderJust when things were meant to be getting better for Wonga, it emerged at the weekend that the payday lender’s investors had to rescue it with a £10m capital injection.The emergency fundraising is the latest episode in Wonga’s rapid rise and fall. Just six years after the company was touted for a flotation that would have valued it at more than $1bn (£770m), it is reporte
  
  Read more

• Weight Watchers adds 1m subscribers in a year

  07-08-2018 01:07 via theguardian.com
  Membership increases by 27% but share price dips as revenue growth falls short of forecastWeight Watchers International continued its impressive subscriber growth through the second quarter, growing 27.6%, or 1 million, to 4.5 million over the past year, but revenues were less impressive, climbing just 17.6%, to $409.7m, over a year earlier. “We have embarked on an exciting journey – from being the global leader in weight management to becoming the world’s partner in wellness,&
  
  Read more

• Britain's hot summer brings best July in five years for food sellers

  07-08-2018 01:01 via theguardian.com
  BRC says spending on eating, drinking and keeping cool masks weak consumer demandBritain’s hot summer has masked the weakness of consumer demand by prompting the sharpest monthly growth in food spending in five years, the latest snapshot of the high street has shown.The British Retail Consortium (BRC) said the main beneficiaries of the long, dry spell were supermarkets and pubs as well as shops selling fans and other cooling equipment, but that other parts of the sector suffered. Continue
  
  Read more

Follow @financialnwsUK on Twitter!