Financial news

• Tesla shares SINK after Elon Musk details ‘EXCRUCIATING year’ in emotional interview

  17-08-2018 23:09 via feedproxy.google.com
  TESLA shares sank by nearly nine percent today after CEO Elon Musk laid bare the details of his “excruciating” year in an interview with US media.
  
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• Kweku Adoboli to be deported from UK - Financial Times

  17-08-2018 22:02
  Financial Times
  Kweku Adoboli to be deported from UK
  Financial Times
  Kweku Adoboli, the former UBS trader who was sentenced to seven years in prison after running up the largest unauthorised trading loss in UK history, is on the verge of being deported to Ghana. The 38-year-old, who caused a $2.3bn trading loss by ...en meer »
  
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• Heads of UK seismic-testing maker accused of bribery - Financial Times

  17-08-2018 19:57
  Heads of UK seismic-testing maker accused of bribery
  Financial Times
  The heads of a UK seismic-testing maker are accused of paying bribes to a South Korean public official and an employee of the country's institute of geoscience, and will appear in court next week to face charges. The UK's Serious Fraud Office said in a ...
  
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• Tesla's stock falls sharply after Elon Musk reveals 'excruciating' year

  17-08-2018 19:52 via theguardian.com
  Musk says he has endured ‘the most difficult and painful’ time in emotional interview as confession wipes billions off Tesla valueElon Musk has said the past year of his professional life has been “excruciating” and that stress over his business had caused his health to deteriorate. To make matters worse, the confession wiped billions off the value of Tesla, the electric car company he founded.In an emotional interview with the New York Times, the founder of electric carm
  
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• House of Fraser owed creditors close to £1bn when it collapsed

  17-08-2018 19:37 via theguardian.com
  Sports Direct not obliged to pay those owed, which include Liam Gallagher’s fashion labelHouse of Fraser had debts of close to £1bn when it collapsed, with more than half owed to suppliers ranging from Polo Ralph Lauren and Mulberry to Liam Gallagher’s Pretty Green fashion label.The department store hasclosed down its website, cancelled orders and reimbursed customers after a dispute with its warehouse operator, XPO, to whom it owed more than £30m when it went into admini
  
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• UK walks tightrope over discussing no-deal Brexit - Financial Times

  17-08-2018 18:56
  Financial Times
  UK walks tightrope over discussing no-deal Brexit
  Financial Times
  Would thousands of exchange students' applications be tossed in a bin? Would British pets have to go through quarantine? Would organ transplants across the Irish border face dangerous delays? The wide-ranging implications of a no-deal Brexit have been ...en meer »
  
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• Novo Nordisk buys UK university biotech spin-out Ziylo - Financial Times

  17-08-2018 18:24
  Financial Times
  Novo Nordisk buys UK university biotech spin-out Ziylo
  Financial Times
  Novo Nordisk of Denmark, the world's largest manufacturer of diabetes medicines, has bought Ziylo, a small UK biotech company spun out of the University of Bristol, in an unusual deal that both parties said could eventually be worth more than $800m if ...en meer »
  
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• Cracking summer: UK insurers expect rise in subsidence claims

  17-08-2018 18:12
  Heatwave has caused damage to walls of homes, with south-east particularly susceptible Insurers are bracing themselves for a spike in subsidence claims after this summer’s heatwave led to cracks appearing in walls across south-east England.Several big-name insurers have reported that subsidence incidents are up 20% on this time last year. The fear is that that those returning from holidays will see fresh damage and in September there will be an influx of substantial claims.Continue reading
  
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• The Guardian view on Brexit and trade: the WTO is not a safety net | Editorial

  17-08-2018 18:01 via theguardian.com
  Tory hardliners’ faith in the World Trade Organization as a viable alternative to EU membership is reckless fantasyOne of the most thoroughly debunked claims made about Brexit during the referendum campaign was that it would be easy. Leave campaigners said the terms of Britain’s future trade with the European Union and the rest of the world would quickly be settled. In July 2016, David Davis forecast that, within two years, the UK would have negotiated a new free trade zone “ma
  
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• Trump pushes for SEC to end quarterly earnings reports

  17-08-2018 17:41 via theguardian.com
  President feels switching to twice-yearly disclosure of accounts would boost businessDonald Trump has told the US securities regulator to consider abandoning quarterly reporting – a practice criticised as too short-term by some businesses on both sides of the Atlantic.Trump said a leading company boss told him switching to twice-yearly disclosure of accounts would reduce costs and be good for business. If enacted by the Securities and Exchange Commission, the change could allow more UK com
  
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• Let’s move to Openshaw, Manchester: a great location

  17-08-2018 17:29
  Great schools, decent parks, a tight community and, on paper, good prospectsWhat’s going for it? With London’s property market closed to anyone earning less than a squillion a day, the early thirtysomethings are leaving the capital. They’ve scarpered to Manchester, Birmingham, Glasgow and Newcastle. So while London’s property prices have flatlined, those in other big cities are rising, and they’re rising fastest in the once-cheapest spots: Birmingham&rsquo
  
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• Well done Ticketmaster for closing resale sites – but it ain't over yet

  17-08-2018 16:10
  GetMeIn and Seatwave are on their way out but Viagogo and StubHub will snap up toutsTicketmaster’s decision to shut down its ticket resale sites – GetMeIn and Seatwave – has been greeted with widespread approval.The two websites will be replaced with a system allowing fans to sell unwanted tickets at face value, albeit with Ticketmaster collecting a 15% commission. Continue reading...
  
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• Pound v euro: GBP/EUR exchange rate drops -0.3 percent on Jeremy Hunt’s Brexit warning

  17-08-2018 14:39 via feedproxy.google.com
  The pound has fallen by -0.3 percent against the euro today, following another warning about how a no-deal Brexit could harm the UK in the future.
  
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• Smartphone-only bank Monzo eyes billion-pound valuation

  17-08-2018 14:31 via theguardian.com
  London-based bank set to become fintech ‘unicorn’ after lining up $150m of funding Monzo, a digital bank popular with millennials, is set to become one of the UK’s technology “unicorns” after lining up new finance that would value the three-year-old company at more than $1bn (£787m).The London-based bank has organised $150m of funding from investors, including Silicon Valley’s Accel Partners, which was an early investor in Wonga. Monzo’s fundraisin
  
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• Pound US dollar exchange rate: GBP/USD muted as Jeremy Hunt warns against a no-deal Brexit

  17-08-2018 14:13 via feedproxy.google.com
  The GBP/USD exchange rate is currently trading around $1.272, sticking close to today’s starting levels, but having rallied half a cent from the 14-month low struck on Wednesday.
  
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• Instagram influencers show how ads have changed. We need to catch up | Suzanne Moore

  17-08-2018 14:05 via theguardian.com
  If it’s hard to decide what constitutes an ad now, it’s because YouTube vloggers and the Kardashians changed the rulesWhen is an ad not an ad? When it works so well you don’t actually know that it is one? As in so many areas of life, regulators are scrambling to catch up with a digital world. The Competition and Markets Authority is investigating whether certain social media stars are properly declaring whether they are being paid to endorse products or services. This is mostly
  
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• Bitcoin price news LIVE: BTC floats back into the green to support positive crypto market

  17-08-2018 12:36 via feedproxy.google.com
  BITCOIN slowly climbed up into positive territory this morning as the market surged into the green following a poor week of trading. Here are all the latest news and live updates.
  
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• Can Turkey rewrite the rulebook for crises in emerging markets?

  17-08-2018 10:06 via theguardian.com
  By rejecting the conventional approach, Erdoğan risks greater trouble – and not just for TurkeyWhether by accident or design, Turkey is trying to rewrite the chapter on crisis management in the emerging-market playbook. Rather than opting for interest-rate hikes and an external funding anchor to support domestic policy adjustments, the government has adopted a mix of less direct and more partial measures – and this at a time when Turkey is in the midst of an escalating tariff ti
  
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• Why this hassle over medical expenses we are due from Nationwide?

  17-08-2018 08:00
  We had to come home as soon as possible from Malta but four months on our medical expenses claim hasn’t been metWhile in Malta my wife was diagnosed with lymphoma and advised to return home as soon as possible. I made an insurance claim on my Nationwide FlexPlus account for medical expenses, car hire and flights home. Four months on, I have received nothing.Continue reading...
  
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• Strikingly modern homes for sale – in pictures

  17-08-2018 08:00
  See clean lines and sharp styling in these architect-designed properties, from Kent to Yorkshire Continue reading...
  
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• Sadiq Khan: London planners must prepare for no-deal Brexit

  17-08-2018 08:00 via theguardian.com
  Mayor instructs resilience forum to assess impact of food and medicine shortagesSadiq Khan is to instruct the body tasked with planning for terrorism attacks and disasters such as the Grenfell Tower fire to start making preparations for a no-deal Brexit, to assess whether London could face potential shortages of medicines and food.The London mayor said the government was dragging its feet and leaving businesses and EU citizens in limbo by refusing to guarantee their rights in the event of a no-d
  
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• How TripAdvisor changed travel

  17-08-2018 07:00 via theguardian.com
  The world’s biggest travel site has turned the industry upside down – but now it is struggling to deal with the same kinds of problems that are vexing other tech giants like Facebook, Google and Twitter. By Linda KinstlerShould one be so unlucky as to find oneself, as I did, lying awake in bed in the early hours of the morning in a hostel in La Paz, Bolivia, listening anxiously to the sound of someone trying to force their way into one’s room, one could do worse than to throw a
  
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• Vaping should be promoted by UK government, say MPs - Financial Times

  17-08-2018 01:02
  Financial Times
  Vaping should be promoted by UK government, say MPs
  Financial Times
  Vaping is much less harmful than smoking, and the UK government should actively support ecigarettes to reduce the death and disease caused by tobacco, according to MPs. With the world of public health divided about the risks from vaping, MPs on the ...en meer »
  
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• Sunshine and football boost UK retail sales

  17-08-2018 00:06 via feedproxy.google.com
  SUNSHINE and football helped retailers score a higher than expected sales boost last month.
  
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