Financial news

• House of Fraser cancels online orders and refunds customers

  16-08-2018 20:29
  Retailer acts on complaints as dispute with warehouse operator holds up deliveriesHouse of Fraser is cancelling all online orders and refunding thousands of customers potentially millions of pounds, after a dispute with its warehouse operator held up deliveries.Late on Thursday, the company tweeted: Continue reading...
  
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• UK universities fight to draw students after good A level results - Financial Times

  16-08-2018 20:11
  Financial Times
  UK universities fight to draw students after good A level results
  Financial Times
  British universities are competing to fill their places, with some offering scholarships and other perks to attract applicants, as a good year of A level results saw 88 per cent of students win their first choice of course. Universities rapidly ...en meer »
  
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• Turkey lira CRISIS: Erdogan government holds MONSTER conference call with 6,000 investors

  16-08-2018 19:50 via feedproxy.google.com
  TURKEY’S finance chief has held an emergency conference call with thousands of overseas investors as the country continues to grapple with its gravest lira crisis in nearly 20 years.
  
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• Celebrity 'influencers' probed in UK over social media adverts - Financial Times

  16-08-2018 19:49
  Financial Times
  Celebrity 'influencers' probed in UK over social media adverts
  Financial Times
  Britain's competition and consumer protection watchdog has opened an investigation into celebrity “influencers” who use social media to advertise brands and products without revealing if they have been paid to do so. The Competition and Markets ...en meer »
  
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• Housing association tenants in Midlands to be given right to buy

  16-08-2018 18:34
  Pilot scheme will cost £200m with commitment to build new homes to replace lost stockThe government has announced a £200m pilot scheme to extend right to buy to housing association tenants, with a pledge to replace each property sold with a new affordable home.Under current rules, council housing tenants have the right to purchase at a discount rate the property they rent. On Thursday plans were unveiled to extend that right to those who let from a housing association across 70 local
  
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• UK business seeks reform as apprenticeships drop 31% - Financial Times

  16-08-2018 17:33
  Financial Times
  UK business seeks reform as apprenticeships drop 31%
  Financial Times
  The UK government's goal of creating 3m apprenticeships by 2020 slipped further from view on Thursday, as official figures showed a further 31 per cent drop in the number of people starting training schemes while in work. The number of apprenticeship ...en meer »
  
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• UK faces rising chance of disorderly Brexit, Fitch warns - Financial Times

  16-08-2018 14:43
  Financial Times
  UK faces rising chance of disorderly Brexit, Fitch warns
  Financial Times
  Credit rating agency Fitch has scaled back its expectations of the UK reaching an orderly transition deal with the EU on Brexit, warning that “an acrimonious and disruptive no-deal Brexit is a material and growing possibility”. Since Britain's vote to ...en meer »
  
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• There’s no need for New Zealand-style xenophobia to curb UK house prices | Guy Shrubsole

  16-08-2018 14:43
  To get to the root of our housing crisis let’s look closer to home rather than scapegoating foreign ownersNew Zealand’s ban on the foreign ownership of land and property has generated headlines around the world – and has clearly touched a nerve in the UK. But should we be doing the same in Britain? There are better ways to fix high house prices that don’t fan the flames of xenophobia.New Zealand has clearly become the destination of choice for a jet-setting elite. It&rsqu
  
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• Royal Mail changes course on 'outdated' redirection fees

  16-08-2018 13:07
  Cost will be ‘per household’ not ‘per surname’ so modern families are not penalisedRoyal Mail has bowed to pressure over how it charges for its redirection service, which critics say penalises modern families with different surnames.Citizens Advice has urged Royal Mail to change the cost of mail redirections from a “per surname” to a “per household” basis. Continue reading...
  
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• Pound US dollar exchange rate: GBP rises on impressive retail sector recovery

  16-08-2018 12:20 via feedproxy.google.com
  THE pound has firmed against the US dollar today, thanks to better-than-expected UK retail sales data. The unexpectedly positive results have pushed the pound US dollar exchange rate up to a level of $1.271, which represents a recovery from the week’s current low of $1.267.
  
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• Business watchdog to investigate social media influencers

  16-08-2018 11:47 via theguardian.com
  Concerns influencers are not declaring when they have been paid to post about productsThe competition watchdog has launched an investigation over concerns social media personalities are not declaring when they have been paid to post about products and experiences.
  The Competition and Markets Authority (CMA) said social media influencers have the power to sway the shopping habits of millions with posts endorsing goods or services, but they may not be disclosing that they had been paid to do so. C
  
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• Pound euro exchange rate: UK retail sales help GBP hold steady

  16-08-2018 11:04 via feedproxy.google.com
  THE pound euro exchange rate is currently trading at €1.117. This is largely unchanged this morning and holding close to the week’s opening levels.
  
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• US poised to allow more mining on land Trump removed from monuments

  16-08-2018 11:00 via theguardian.com
  Officials plan to sell some of the land that once belonged to Bears Ears and Grand Staircase-Escalante, despite pledge not toUS officials have announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank, and to sell off some of the land despite pledges not to do so.The two monuments, now significantly smaller in size, are both in Utah. The draft management plan for Grand Staircase-Escalante national monument includes a 98-page minerals repor
  
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• US bosses now earn 312 times the average worker's wage, figures show

  16-08-2018 11:00 via theguardian.com
  Astronomical gap between the pay of workers and bosses exposed in report on earnings of America’s top 350 CEOs
  The chief executives of America’s top 350 companies earned 312 times more than their workers on average last year, according to a new report published Thursday by the Economic Policy Institute.The rise came after the bosses of America’s largest companies got an average pay rise of 17.6% in 2017, taking home an average of $18.9m in compensation while their employees&rsq
  
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• Turkish financial crisis: Lira recovers as Ankara tries to calm markets - live updates

  16-08-2018 10:06 via theguardian.com
  All the day’s economic and financial news, including the latest on the Turkish currency crisis that has spooked investorsIntroduction: Turkish finance minister faces credibility test
  Berat Albayrak to speak to investors this afternoon
  Conference call at 2pm BST/4pm TRT 9.06am BST Berat Albayrak’s rise to power has attracted comparisons to another well-connected son-in-law, Jared Kushner.My colleague Martin Chulov explains how Albayrak has shimmied up the greasy pole:
  Albayrak complet
  
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• Amazon 'considers' setting up insurance comparison site in UK

  16-08-2018 09:30 via theguardian.com
  Online retail giant said to be in talks with British insurers over possible new siteAmazon is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the US online retail giant into Britain’s financial services. Three industry executives said they had talked with Amazon about the possible launch. One said talks were part of several discussions Amazon was having with insurers. A secon
  
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• Bitcoin price LIVE: BTC slides back to negative returns after a strong day of gains

  16-08-2018 09:09 via feedproxy.google.com
  BITCOIN slipped back into the red this morning, wiping off much of the gains made yesterday. Here are all the latest Bitcoin price news and cryptocurrency live updates.
  
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• Chase is on to find our missing Barclays transfer

  16-08-2018 08:00 via theguardian.com
  £3,783 was sent to pay a bill four months agoI sent a Barclays international transfer for £3,783 to pay a bill four months ago and it’s still not been received at the other end. Barclays keeps promising it is looking into it but this has gone on for too long. TM, Cheltenham, GloucestershireI’m receiving increasing numbers of complaints about sums going missing during an electronic transfer. Quick and convenient but a nightmare when things go wrong. In your case, Barclays
  
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• Weedkiller found in wide range of breakfast foods aimed at children

  16-08-2018 07:00 via theguardian.com
  Cancer-linked herbicide, sold as Roundup by Monsanto, present in 45 products including granola, snack bars and CheeriosSignificant levels of the weedkilling chemical glyphosate have been found in an array of popular breakfast cereals, oats and snack bars marketed to US children, a new study has found.Tests revealed glyphosate, the active ingredient in the popular weedkiller brand Roundup, present in all but two of the 45 oat-derived products that were sampled by the Environmental Working Group,
  
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• Capitalism can crack climate change. But only if it takes risks | Larry Elliott

  16-08-2018 07:00 via theguardian.com
  Anglo-Saxon capitalism’s drive to maximise profits in the short term won’t save the planet. Perhaps the Chinese model can?This summer’s heatwave has provided a glimpse of the future, and it is not a pretty one. On current trends, the years to come will see rising temperatures, droughts, a fight to feed a growing population, and a race against time to reduce dependency on fossil fuels.The struggle to combat climate change brings out the best and worst of capitalism. Decarbonisat
  
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• Worst bank is our own RBS

  16-08-2018 02:50 via feedproxy.google.com
  ROYAL BANK OF SCOTLAND has pledged to improve its customer service after being rated Britain’s worst bank.
  
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